SERVING SCHOOLS INSPIRING MINDS EXPLORING FAITH
CHRISTIAN EDUCATION PROJECT
A Company Limited by Guarantee 02534646 (England and Wales) Registered charity 1012480
TRUSTEES’ ANNUAL REPORT
AND FINANCIAL STATEMENTS
YEAR ENDED 30 SEPTEMBER 2025
Company number 02534646
CHRISTIAN EDUCATION PROJECT
| Page | |
|---|---|
| Year in Review 2024-2025 | 2 |
| Charitable Company Information | 3 |
| Trustees’ Annual Report (Including Directors’ Report) | |
| • Legal framework | 4 |
| • Strategic aims and objectives | 4 |
| • Achievements and performance in the year | 5 |
| • Future plans | 6 |
| • Financial review | 7 -9 |
| • Structure framework and management | 9 -11 |
| • Trustee responsibilities | 11 |
| • Compliance with laws and regulations | 11 -12 |
| Independent Examiner’s Report | 13 |
| Statement of Financial Activities | 14 |
| Balance Sheet | 15-16 |
| Notes to the Financial Statements | 17-24 |
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Company number 02534646
CHRISTIAN EDUCATION PROJECT
Year ended 30 September 2025 Charity number 1012480
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Company number 02534646
CHRISTIAN EDUCATION PROJECT
CHARITABLE COMPANY INFORMATION
Trustees
Mrs Susan Read (Chair) Ms Kike Fadeyi (Treasurer) (appointed 18 March 2025) Mr K Gardner Ms Y Hurley Mr M May (appointed 30 January 2025) Mr M Payne
Company Secretary
Mr K Gardner
Registered Company Number 02534646 (England & Wales) Registered Charity Number 1012480 Principal Address & Registered Office 32 George Lane South Woodford London E18 1LW Independent Examiner Ms Sylvia Lambden Calculus Accountants and Tax Advisers Ltd 5 Priory Road Loughton, Essex, IG10 1AF Bankers Barclays Bank PLC Barclays Business Centre 50 Pall Mall London SW1 1QS
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CHRISTIAN EDUCATION PROJECT TRUSTEES ANNUAL REPORT (including Directors’ Report) Year ended 30 September 2025
CHRISTIAN EDUCATION PROJECT
TRUSTEES ANNUAL REPORT (including Directors’ Report)
Year ended 30 September 2025
The Trustees of the Christian Education Project (the Project) present their annual report, together with the financial statements, which have been independently examined for the year ended 30 September 2025.
The financial statements have been prepared in accordance with the accounting policies set out in notes to the accounts and comply with the charity’s governing document, the Charities Act 2011 and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland issued in October 2019.
Legal framework
The Project is a charitable company limited by guarantee as defined by the Companies Act 2006.
The Trustees who are also directors of the charity have prepared the report to meet the requirements for a directors’ report and accounts for Companies Act purposes. The Financial Statements comply with the Charities Act 2011, the Companies Act 2006 and the company’s Memorandum and Articles of Association approved by the membership on 11 October 2015.
Strategic aims and objectives
In accordance with the Memorandum and Articles of Association, the objects are as set out in the Mission Statement ( Serving Schools – Inspiring Minds – Exploring Faith ). The Project was established in 1991 to serve the schools in Redbridge by sharing the Christian faith in the delivery of age-appropriate lessons and assemblies that enable the schools to comply with the Christian aspects of the RE Syllabus.
The Project works by invitation only and during the year under review, worked directly with 60 schools across the Borough and surrounding area; from Nursery to Sixth Form.
Thi s is a sign that we are as needed now as we have ever been. In addition to the 60 schools we worked with directly, we were pleased to provide resources to 3 more schools.
The Project workers network regularly with other Christian Schools Workers and are supported by a prayer group which restarted in autumn 2022, led by two of the Trustees. This meets at least termly to pray for the work of the Project and the team.
We were also pleased to attend occasional meetings of the Wanstead and Woodford Evangelical Fellowship thus cementing our relationship with local church groups. In addition, the Project Leader has undertaken over 20 speaking engagements at churches to promote CEP and keep supporters updated. There is valuable time afterwards to talk to interested members of the congregation about the Project and ways in which they can support or get involved.
The Project actively seeks to partner with local churches, their leaders and youth workers in its engagement with their local schools. In undertaking these aims and objectives, with the results achieved below, the Trustees consider that the Project fully meets the public benefit requirements as outlined by the Charity Commission.
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CHRISTIAN EDUCATION PROJECT TRUSTEES ANNUAL REPORT (including Directors’ Report) Year ended 30 September 2025
Achievements and performance in the year
All of our engagements were carried out in person and assemblies were generally back to their normal capacity which meant we served the same number of pupils in fewer assemblies. We felt that this year was another success, taking expected challenges into account. Some of the year’s highlights are indicated below.
Autumn Term:
In September the Team enjoyed teaching weekly lessons at Mayespark and South Park Primary Schools as well as the return of " The Difference " sessions for Year 11 pupils at Davenant Foundation School. In this fortnightly programme, the Project Leader introduces guests whose faith makes a difference to their outlook on life and their work. This ongoing engagement involves partnering with organisations and individuals such as a footballer, a businessman, Street Pastors, Teen Challenge and Theos Think Tank.
The year's harvest assembly looked at the parable of the two brothers. Children were invited to reflect on the important of intentions and actions as well as staying true to their word.
The Team enjoyed facilitating the annual Prayer Space at Glade. This year the theme was " Better together " and was made extra special as our MP Wes Streeting joined us - possibly the first time a cabinet minister has seen a Prayer Space in school.
CEP also hosted the annual quiz fund-raising evening in September which was wellreceived.
The Christmas season was as busy as ever with a range of assemblies, knitted nativity sessions and Christingle workshops. Children were helped to make over 3000 Christingles.
Spring Term:
The Team delivered weekly lessons in Mayespark and South Park Primary Schools: these are particularly satisfying engagements as the Team get to form relationships with the pupils and staff and go into depth with the topics they teach.
February saw the beginning of the Easter offer with Lent and Shrove Tuesday assemblies. The Team continued to provide lots of Prayer Spaces including some at Gilbert Colvin Primary and at John Bramston Primary which involved members from St Paul's Church in Hainault.
Our Easter assembly this year focused on the idea that in life, just as in Easter, brokenness gives way to new life. Children were encouraged to reflect on broken clouds producing rain, broken seeds becoming plants and broken bread feeding us. Our Easter workshops continued to be popular in primary schools.
Summer Term
The Team began the annual ‘transition season’ for Year 6 pupils as soon as SATS finished. In total this year 2500 copies of " The Next Chapter " - a transition booklet written by the Project Leader and staff - were distributed. Popular team-building games were played which encouraged co-operation and leadership skills in readiness for the pupils’ move to their new schools.
This term saw the culmination of " Prayerfully Learning Together " the project we have been working on with the Church of England for the past 18 months. The aim of this project was to conduct research into the impact Prayer Spaces in Schools can have as well as to engage the local church in facilitating Prayer Space s for schools in their area. We ended with a celebration at the Diocesan offices. At time of publication of this document, we are waiting for the Diocesan Report on the research findings.
A new development was providing Prayer Spaces for the John Bramston staff as part of their Well-Being CPD.
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CHRISTIAN EDUCATION PROJECT TRUSTEES ANNUAL REPORT (including Directors’ Report) Year ended 30 September 2025
Another consequence of CEP’s involvement with Prayer Spaces is that the Project Leader has become a Prayer Spaces School Ambassador . This involves connecting with people interested in running prayer spaces in their local schools to offer advice and encouragement as well as inviting people to come and see how prayer spaces run. She has also taken part in networking and training events with Prayer Spaces in Schools to offer some guidance on how prayer spaces can work in diverse multifaith areas such as Redbridge.
The Project ended the year having worked with 63 schools - a new record! In July "The Great Big CEP Afternoon Tea" was held - an event for supporters which was a great celebration of our work with many old friends and new.
Future plans
In last year’s report the Trustees set out our aim to continue to consolidate the work of the Project across the Borough’s schools, whilst consciously looking to engage with a number of schools that the Project had not been in recent contact with. We continue to deliver a very successful Christmas Christingle workshop, aiming to meet as much of the increasing demand for this as possible in the 2025 autumn term. In addition to CEP’s work in primary Schools, we seek to continue to engage with the Borough’s secondary schools’ Religious Education GCSE programme and non-examined RE.
Given our ability to be highly flexible and a free resource to schools (which are also facing continuing severe financial difficulties) demand for our services is still very high and we strive to meet the need as far as we are able.
The Project needs to expand its supporter base among both churches and individuals in the Borough. The Trustees and the Project Leader are discussing how the existing Friends of CEP scheme (whose purpose is to encourage regular committed giving from individuals) might better serve us going forward. With regard to expanding our support base among local churches, some Trustees expressed willingness – subject to their availability and existing commitments and with the agreement of the Project leader – to make new contacts and visit churches to raise awareness of the Project’s work.
At an “ Away Day ” in January 2025, the Trustees together with the Project Team reviewed the work and staffing levels of the Project with the view to maintaining the project’s capacity to deliver to local schools. The development of the Project in terms of staffing is an on-going consideration. The Trustees and Team recognise the need to recruit and engage skilled and suitably qualified personnel who are fully supportive of our faithbased ethos. This will be a priority going forward.
Another feature of the Away Day was discussion on how best to respond to theological/moral questions raised by children in Redbridge’s changing demographic. CEP aims to give clear, age-appropriate answers that do not compromise our faith position yet are not deliberately (or perceived as) antagonistic to children of other faiths or no faith. This is an on-going area for discussion and training. The Project receives invitations from Sikh and Muslim faith schools to help them address the Christianity Component of the GCSE syllabus. The Team likes to respond to this challenge where possible.
The project has long-term ‘historic’ links with many local authority schools particularly through working relationships with RE Leads developed by our Project Leader over the years. When these teachers retire or move on, the challenge of creating new relationships with new key personnel is one that we are aware of and which needs to be met.
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CHRISTIAN EDUCATION PROJECT TRUSTEES ANNUAL REPORT (including Directors’ Report) Year ended 30 September 2025
The Project will continue to put additional resources into our digital presence. This is both in terms of updating our new website (www.christianeducationproject.org.uk) which went live in October 2022 and making more use of our Facebook page. The possibility of working with local churches to create virtual tours of their buildings is also considered.
Financial review
Financial results for the year
We continue to be thankful to our faithful supporters, both churches and individuals, who have continued to pray for and donate to the Project during an increasingly challenging and uncertain economic environment.
The income for the year amounted to £80,150 (2024: £92,808) and expenditure, including management expenses amounted to £74,506 (2024: £90,474) resulting in an operational surplus of £5,644 (2024: £2,334).
Details of the grants received for both general and restricted purposes are given in Note 2b) of the Financial Statements.
The Trustees are aware that the General Fund has received just over £10,300 in grants, including legacies that will not reoccur. The giving by Individuals and churches is now roughly equal, but their combined giving is still less than overall cost of the staff. The Trustees believe that good communications with our supporters will enable us to close this operational.
As shown in Note 7 the staffing levels have reduced slightly from the level in the previous year. The Statement of Financial Activities (SOFA) shows a surplus on unrestricted operations of £5,644 (2024: £2,334) before transfer.
Details of transfers between funds are set out in Note 12. Therefore, the final result for the General Fund was a reserves balance of £39,057 (2024: £ 33,413) with designated funds for a third worker of £51,477.
The Trustees appreciate that the ability to maintain a Schools Work team at its current level is dependent on being able to cover our operational costs with a stable income of donations from either Churches or Individuals. As noted above despite the increases seen this year, we are not yet in that position. The team have carried out more church visits during this year. These have enabled us to emphasise the work of the Project and the potential impact it has at a time when many churches are having to reduce their outreach to local schools. The Project is forecasting a small profit over the next two years, however if staffing levels were to increase back to the previous level it would require the Trustees to utilise the Designated Fund to support the General Fund at the desired level.
In September 2024 it was decided to relaunch plans for a “ Schools Work Month ” in each September. This was designed to replace the annual Gift Day. The Trustees anticipate that this will become a regular annual feature.
As set out in Note 12 the Trustees only have the Third Worker fund available to meet any deficits on the General operational budget for future years.
The Project re-located to Woodford Baptist Church (WBC) in January 2023. WBC – which is now CEP’s Registered Office - has provided the Project with rent-free office accommodation. WBC regards this as part of their ongoing support of the Project.
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CHRISTIAN EDUCATION PROJECT TRUSTEES ANNUAL REPORT (including Directors’ Report) Year ended 30 September 2025
Reserves policy
The reserves policy has in the past been set on the basis of three months of the forecast expenses for the following year. Following the Trustees’ detailed review of the level and calculation of the Project’s reserves as at 30 September 2024, it has been agreed that a target reserve of £25,000 is the most appropriate level.
All the reserves are held in cash either at the Project’s bank or in a related money market investment account to which the Trustees have almost instant access.
As well as seeking to maintain a General Fund the Trustees have in the past designated unrestricted funds for future opportunities and the expansion of the Project. The year-end balance on the General Fund is 159% of the target level following the Trustees review.
The Trustees monitor the balances of all the funds it holds and sets out in Note 12 to the accounts the anticipated usage of the year end balances.
Designated Funds
The Third Worker Fund represents designated funds for the employment of a third schools’ worker. As noted above the core donations are only just covering the direct employment costs of the team and as the current balance represents approximately 2 years’ employment costs of an additional team member, the Trustees would have to raise additional funding to increase schools’ work team. In the past the fund has been used to support any shortfall in the General Fund.
Restricted Funds
Any funds that are restricted by the donor at the time of the gift are held in Restricted Funds and only utilised for the specific purpose. There were no changes in any of the restricted funds during this financial year.
The Trustees appreciate the need to maintain sound financial management while ensuring the Project achieves its objectives.
Principal funding sources
Funding is provided by churches of all denominations across the Borough with whom contact is maintained through the appointment of "key people" and by taking up opportunities to talk to church groups and congregations. Financial assistance is also given by means of personal donations, fund-raising activities and grants. The Project does not raise funds from the public and continues to offer its services free to schools. The Project has a text giving service so that supporters can donate £3 by texting CEP to 70085 and are looking at ways to publicise this further among churches. In addition, the Trustees have a cashless terminal to aid one-off giving by individuals during church visits.
The Trustees will also continue to approach suitable Foundations and Grant making bodies for support and grants for parts of our activities.
The Trustees hope that these new ways will be a means of expanding support and eliminating the current funding gap.
Financial outlook
As noted above the Project has reported a surplus of £5,644 (2024: £2,334) on the General fund after transfers. As a result, the General Fund shows a balance of £39,714 (2024: £33,413). As noted under the reserves policy this means that the General fund is now at 159% (2024: 134%) of the Trustees preferred reserves balance.
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CHRISTIAN EDUCATION PROJECT TRUSTEES ANNUAL REPORT (including Directors’ Report) Year ended 30 September 2025
As noted above the core income from supporters does not cover the direct employment costs of the team. Trustees appreciate that the additional income received this year in grants and legacies for the General Fund has given the Project more time to achieve its aim of covering operational costs from its core supporters.
It is the Trustees’ prayer, belief and intention to re-balance the financial stability of the Project over the next two to three years so that we can maintain our services for local schools. However, this will require an increase in regular giving from our current supporters and a widening of the base so that we can confidently move forward.
The Trustees consider that the charity is a going concern having reviewed the budget and associated cash flow for the following two financial years. The Trustees will continue to ensure that the Project is based on sound financial principles. Previously, the Trustees raised the possibility of converting to a Charitable Incorporated Organisation (CIO). However, further research and exploration suggested that this is not a viable option at this time.
Staffing Changes
In February 2025 the Trustees and Team expressed our thanks to Velisha Lynch who left us at half-term to pursue other interests after 6 years with us.
Structure, framework and management
Helen Mullis Kunda, the Project Leader, has now been with the Project for over seven years, having been appointed in September 2018. During the year, the team also included two part-time members of staff who worked between 2 and 3 days per week. However, since the resignation of Velisha Lynch, staffing is at the lowest level for a number of years. The team is supported by a part-time administrator, Joanne Waterfield, who enables the other members of the team to concentrate their efforts in the schools.
The majority of the work within schools is carried out by the Project Workers; however, the Project seeks to work with local churches and youth workers where appropriate. There is also the possibility of making more use of volunteers / Associate Workers and the Trustees are continuing to look at ways in which trained volunteers could be used to assist with the delivery of the Project’s work among the Borough’s schools. To date this has not been material to the delivery of the work.
The Trustees of the Project are also directors of the limited company and details of the Trustees serving during the year are shown in Charitable Company Information details on page 4 .
Recruitment and appointment of new Trustees
The current Trustees have the power under the Memorandum and Articles of Association to recruit and appoint additional Trustees. New Trustees serve for a period of 2 years until the AGM when they retire by rotation and are re-elected if eligible and willing.
The Trustees are keen to expand the Trustee skills base and are continuing their search for additional members to assist with the development and mission of the Project.
To assist the recruitment, prospective Trustees are asked to complete a “skills audit” questionnaire along with a summary of their personal faith and career. All candidates have to complete a Disclosure and Barring Services (DBS) check before their appointment is confirmed. Mr Mark May was adopted as a Trustee in January 2025.
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CHRISTIAN EDUCATION PROJECT TRUSTEES ANNUAL REPORT (including Directors’ Report) Year ended 30 September 2025
The Trustees were pleased to adopt Ms Kike Fadeyi as Treasurer and Trustee in March 2025 after Martin Williamson retired at the AGM in April 2024.
No additional Trustees have been appointed during the year under review or to the date of this report. All new Trustees go through an induction process to familiarise themselves with the organisation, their duties and legal responsibilities.
The Treasurer reports on applicable Charity Commission and other pronouncements at the regular Trustee meetings.
Chair of Trustees
Mrs Susan Read took over as Chair from Mr Keith Gardner at the September 2024 Trustees’ Meeting and Mr Gardner acted as Treasurer until the appointment of Ms Kike Fadeyi.
Retirement of Trustees
Mr M Payne was re-elected by rotation. Mrs S Read and Ms Y Hurley retire by rotation and are eligible for re-election at the AGM.
Mrs V Hayden died in February 2025 and is thus considered ‘resigned’ Her contribution is greatly missed.
Decision making structure
The Trustees meet bi-monthly to receive the Project Leader’s report on the activities undertaken and to review the financial position of the charity and its progress. On specific occasions (e.g. Recruitment) extra meetings are held. These are optional for Trustees and a full report is delivered in the following Trustees’ meeting.
The Trustees have developed a series of policies covering all material aspects of the Projects activities. These are reviewed by the Trustees on an agreed rotational basis, so all policies are updated on a regular basis.
The Trustees have set a pay policy for the staff and use this as part of the annual salary review together with agreed relevant key indicators.
Governance Code
The Trustees take the obligations and principles of the UK Governance Code (code), seriously and seek to ensure that they manage the Project in line with its seven principles and thereby ensure that the Project is well managed and effective. The Trustees are confident that they have a full understanding of their legal responsibilities and are aware of the code and its implications for the ongoing processes and procedures used in the management and governance of the Project. The Trustees are not aware of any material shortcomings against the code.
Risk management
The Trustees have a duty to identify and review the risks to which the charity is exposed; annually the Trustees’ review identifies risks relating to the Project. The Trustees reviewed the current policies the risks to which the charity is exposed and the control procedures. As a result, the Trustees believe that appropriate controls are in place, after recognition of the Project’s size, staffing and complexity, and thereby provide reasonable assurance against fraud and error.
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CHRISTIAN EDUCATION PROJECT TRUSTEES ANNUAL REPORT (including Directors’ Report) Year ended 30 September 2025
Membership of the company
Members of the charitable company guarantee to contribute an amount not exceeding £1 to the assets of the charitable company in the event of a winding up. At present there are 27 (2025: 26) members of the company. The current members are either the Trustees or supporting churches with a named representative. Membership is open to other individuals or organisations that apply and are approved by the Trustees acting as directors of the company.
Independent Examiner
Ms Sylvia Lambden of Calculus Accountants was appointed as the charity’s Independent Examiner on 11 July 2017 and remains in post. The Trustees consider that the Independent Examiner is providing the Project with a good service and have agreed that they will not review the appointment until after 2026. They have also agreed that it will be good practice to hold a fuller review after that date and before 2028.
Trustee responsibilities
The law applicable to charities in England and Wales requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources during the year then ended.
In preparing those financial statements, the Trustees should follow best practice and are required to:
• select suitable accounting policies and then apply them consistently;
• observe methods and principles in the Charities SORP;
• make judgements and estimates that are reasonable and prudent;
• state whether applicable accounting standards and statements of recommended practice have been followed, subject to any departures disclosed and explained in the financial statements; and
• prepare the financial statements on a going concern basis unless it is inappropriate to assume that the charity will continue its activities.
The Trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and which enable them to ensure that the financial statements comply with the Companies Act 2006 and the Charities Act 2011. The Trustees are also responsible for safeguarding the charity’s assets and hence for taking reasonable steps towards the prevention and detection of fraud and other irregularities.
The Trustees are responsible for the maintenance and integrity of the corporate and financial information included in Christian Education Project website. Legislation in England and Wales governing the preparation and dissemination of financial statements and other information included in Annual Reports may differ from legislation in other jurisdictions.
Compliance with laws and regulations
The Trustees have established policies and procedures designed to ensure that it complies with all material laws and regulations in relation to the charitable company’s
operations and activities. The Trustees are not aware of any significant non-compliance with laws and regulations relevant to the charity or its operations. The report of the
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CHRISTIAN EDUCATION PROJECT TRUSTEES ANNUAL REPORT (including Directors’ Report) Year ended 30 September 2025
directors has been prepared taking advantage of the small companies’ exemption of section 415A of the Companies Act 2006.
This report was approved by the Trustees on 12th May 2026 and signed on its behalf by:
Mrs S Read
Chair
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CHRISTIAN EDUCATION PROJECT INDEPENDENT EXAMINER’S REPORT Year ended 30 September 2025
I report to the charity trustees on my examination of the accounts of the company for the year ended 30 September 2025 which are set out on pages 14 to 24.
Responsibilities and basis of report
As the charity trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’).
Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your company’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
Independent examiner's statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
accounting records were not kept in respect of the company as required by section 386 of the 2006 Act; or
-
the accounts do not accord with those records; or
-
the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a ‘true and fair view’ which is not a matter considered as part of an independent examination; or
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the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
The Examiner's relevant professional qualification or body is Association of Chartered Certified Accountants.
Sylvia Lambden FCCA Calculus Accountants and Tax Advisers Limited 5 Priory Road Loughton Essex IG10 1AF
The date upon which my opinion is expressed is: - 12 May2026
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Christian Education Project Statement of Financial Activities (Including Income and Expenditure Account) For the year ended 30 September 2025
| Christian Education Project Statement of Financial Activities (Including Income and Expenditure Account) For the year ended 30 September 2025 |
||||
|---|---|---|---|---|
| Notes Income from Donations and legacies 2(a) Grants 2(b) Fundraising 2(c) Investment income 2(d) Other 2(e) Total income Expenditure on Charitable activity Schools work 3 Raising Funds 3 Total expenditure Net income/(expenditure) 4 Transfer between funds 12 Net movement in funds for the year Reconciliation of funds: Total funds brought forward Total funds carried forward |
Unrestricted funds £ 66,079 - 1,732 3,437 5,338 76,587 70,942 70,942 5,645 - 5,645 84,890 90,535 |
Restricted funds £ - 3,564 3,564 3,564 3,564 - - - 843 843 |
2025 Total funds £ 66,079 3,564 1,732 3,437 5,338 80,150 74,506 74,506 5,644 - 5,644 85,733 91,377 |
2024 Total funds £ 70,283 6,166 7,347 3,987 5,025 |
| 92,808 | ||||
| 90,474 | ||||
| 90,474 | ||||
| 2,334 - |
||||
| 2,334 | ||||
| 83,399 | ||||
| 85,733 |
All income and expenditure derive from continuing activities
The accompanying notes on pages 17 to 24 are an integral part of these financial statements
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Christian Education Project Balance Sheet Company number: 02534646 As at 30 September 2025
| Christian Education Project Balance Sheet Company number: 02534646 As at 30 September 2025 |
||
|---|---|---|
| Notes Fixed assets Tangible fixed assets 8 Current assets Debtors: amounts falling due within one year 9 Cash at bank and in hand 10 Creditors: amounts falling due within one year 11 Net current assets Net assets Represented by: Unrestricted revenue fund- general 12a Unrestricted revenue fund- designated 12b Total unrestricted funds Restricted funds 12c Total funds |
2025 £ 610 2,019 92,029 94,048 (3,281) 90,767 91,377 39,057 51,477 90,534 843 91,377 |
2024 £ - 4,471 85,321 |
| 89,792 | ||
| (4,059) | ||
| 85,733 | ||
| 85,733 | ||
| 33,413 51,477 |
||
| 84,890 843 |
||
| 85,733 |
The accompanying notes on pages 17 to 24 are an integral part of these financial statements
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Christian Education Project Balance Sheet Company number: 02534646 As at 30 September 2025
The Trustees consider that the company is entitled to exemption from the requirement to have an audit under the provisions of section 477 of the Companies Act 2006 ("the Act") and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Act.
The Trustees acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and for preparing financial statements which give a true and fair view of the state of affairs of the company as at 30 September 2025 and of its net resources expended for the year in accordance with the requirements of sections 394 and 395 of the Act and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as
The financial statements have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies’ subject to the small companies regime
The Trustees acknowledge their responsibility for ensuring the charity keeps proper accounting records in accordance with the requirements of the Charities Act 2011 as more fully set out in the statement of Trustees’ responsibilities in the Trustees’ Report
The financial statements on pages 14 to 24 were approved by the Board of Trustees on 12 May 2026 and were signed on their behalf by:
Kike Fadeyi Trustee and Treasurer
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Christian Education Project Notes to the Financial Statements For the year ended 30 September 2025
1 ACCOUNTING POLICIES
Christian Education Project is a private charitable company limited by guarantee registered in England and Wales. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £1 per member of the charity. The address of the registered office is given in the charity information on page 4 of these financial statements. The nature of the charity’s operations and principal activities are set out in the Trustees Annual Report.
The charity constitutes a public benefit entity as defined by FRS 102. The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) , the Charities Act 2011, the Companies Act 2006 and UK Generally Accepted Accounting Practice as it applies from 1 January 2019.
The financial statements are prepared on a going concern basis under the historical cost convention, modified to include certain items at fair value. The financial statements are prepared in sterling which is the functional currency of the charity and rounded to the nearest pound sterling.
Following the transition to FRS 102 for the first time in 2017 all the accounting policies have been reviewed and aligned with the new accounting standard. These policies have been applied consistently to all years presented unless otherwise stated.
The principle accounting policies and estimation techniques are as follows:
a) Income
All income is included in the Statement of Financial Activities (SOFA) when the charity is legally entitled to them as income, ultimate receipt is probable and the amount to be recognised can be quantified with reasonable accuracy.
i) Donations received are included in full when receivable
ii) Grants are recognised in the financial statements in the year in which they are receivable
iii) Fundraising represents amounts received in respect of the Gift Day and fundraising events for supporters and friends. iv) Legacy income is recognised when the amounts can be quantified with reasonable accuracy and there is a probable likelihood of receipt
b) Expenditure
Expenditure is included on the accruals basis and is inclusive of Value Added Tax. It has been classified in the SOFA under charitable activities.
i) All costs are allocated to the charitable activity represented by Schools work to reflect the resources utilised.
c) Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life
Fixtures and fittings - 15% on cost Computer equipment - 33% on cost
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Christian Education Project Notes to the Financial Statements For the year ended 30 September 2025 1 ACCOUNTING POLICIES (continued)
d) Cash and cash equivalents
Cash represents cash in hand plus bank balances immediately available to the charity. Cash equivalents are bank balances held on short term deposit available to the charity at up to 3 months’ notice.
e) Debtors and creditors receivable/payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in expenditure
f) Taxation
The charity is exempt from corporation tax on its charitable activities
g) Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the Trustees
Restricted funds are subject to restrictions on their expenditure imposed by the donor or through the terms of an appeal
h) Pension costs
Contributions to the charity’s pension scheme, which is a defined contribution scheme, are charged to the SOFA in the period to which they relate.
i) Going concern
The financial statements have been prepared on a going concern basis as the Trustees believe that no material uncertainties exist. The Trustees have considered the level of funds held and the expected level of income and expenditure for 12 months from authorising these financial statements. The budgeted income and expenditure is sufficient with the level of reserves for the charity to be able to continue as a going concern
i) Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires the Trustees to make judgements, estimates and assumptions that affect the amounts reported for assets and liabilities as at the Statement of Financial Position date and the amounts reported for revenues and expenses during the year. However, the nature of estimation means that actual outcomes could differ from those estimates. The following judgements (apart from those involving estimates) have had the most significant effect on amounts recognised in the financial statements.
Other key sources of estimation and assumptions:
i) Tangible fixed assets . Tangible fixed assets are depreciated over their useful lives taking into account residual values, where appropriate. The actual lives of the assets and residual values are assessed annually and may vary depending on a number of factors. In re-assessing asset lives, factors such as technological innovation, product life cycles and maintenance programmes are taken into account. Residual value assessments consider issues such as future market conditions, the remaining life of the asset and projected disposal values.
ii) Allocation of administration costs A proportion of expenditure is either not directly attributable to the charitable activity of schools work or relates to the central administration of the charity. The Trustees consider that all support costs should be allocated to the charitable activity.
Page | 18
Christian Education Project Notes to the Financial Statements
For the year ended 30 September 2025
| 2025 Total | 2024 Total | |||
|---|---|---|---|---|
| Funds | Funds | |||
| 2 | Income from | |||
| a) | Donations and legacies | |||
| Donations | 60,658 | 58,884 | ||
| Legacy income | 5,421 | 11,400 | ||
| 66,079 | 70,284 | |||
| Included in donations are amounts totalling £nil (2024- £1,327) | which are Restricted Funds | as the donors | ||
| have described what these funds are to be expended on: | ||||
| 2025 | 2024 | |||
| £ | £ | |||
| Transition workshops programme | - | 1,327 | ||
| Included in donations are the following aggregated | ||||
| amounts given by the Trustees and connected individuals. | ||||
| Amounts given by Churches connected to the Trustees | ||||
| have been excluded (Note 15) | ||||
| Total donations | 3,795 | 7,605 | ||
| b) | Grants | |||
| Unrestricted | ||||
| - | - | |||
| Restricted Funds | ||||
| Chelmsford Diocese | 3,564 | 6,082 | ||
| Westhill Endowment Trust | - | 84 | ||
| 3,564 | 6,166 | |||
| 3,564 | 6,166 | |||
| c) | Fundraising | |||
| Fundraising events | 1,044 | 1,713 | ||
| Gift day Collections | 688 | 5,634 | ||
| Fundraising in support of Charitable activities | 1,732 | 7,347 |
All fundraising events were for Unrestricted Funds and related to a Quiz night which took place in September 2025. Costs of £75 (2024 £139) are shown in note 3.
The charity does not use a professional fundraiser or collect from the General Public.
| d) Investment Income 2025 £ Deposit account interest 3,437 All deposit account interest is allocated to the Unrestricted Funds 2025 £ e) Other Sundry income 5,338 |
2024 £ 3,987 |
|---|---|
| 2024 £ 5,025 |
All sundry income is allocated to Unrestricted Funds
Page | 19
Christian Education Project Notes to the Financial Statements
For the year ended 30 September 2025
- 3 Expenditure on
| Charitable activity - schools work Staff costs (note 7) Staff expenses Fundraising expenses Charitable activities resources Direct costs Allocated support costs (note 5) |
2025 £ 66,778 1,069 75 1,872 69,793 4,713 74,506 |
2024 £ 80,566 1,750 138 3,611 |
|---|---|---|
| 86,065 4,409 |
||
| 90,474 |
Fundraising costs relate to the quiz night.
Included in the Direct costs shown above are the following amounts charged to Restricted funds in 2025, (2024 £nil).
Mentoring
| Mentoring | |
|---|---|
| - Prayer spaces Staff costs 2,843 Charitable activities resources 720 Transition workshops School Resources - Total direct costs charged to Restricted funds 3,564 Net Income/(expenditure) Net resources are stated after charging/(crediting) Independent examiner's fees - Examination fee 700 Depreciation-owned assets 300 An analysis of the Support costs between Unrestricted and Restricted Funds is shown in note 5 |
- |
| 5,495 671 1,327 |
|
| 7,493 | |
| 595 - |
4 Net Income/(expenditure)
5 Support costs allocation
The following support costs have been allocated to the charitable activity of schools work.
| The following support costs have been allocated to the charitable activity of schools work. | |
|---|---|
| Insurance 914 Telephone & communications 242 Printing,postage & stationery 719 Repairs & maintenance - Sundries 354 Computer software 827 Depreciation 300 Bank charges 58 Governance costs: Independent examination 700 Accountancy 600 4,713 Mentoring Printing,postage & stationery - Prayer Spaces Printing,postage & stationery - Transition workshops Printing,postage & stationery - Website development Depreciation - - All the above support costs relate to the Unrestricted Funds apart from the following amounts which are charged to the following Restricted Funds: |
892 24 892 175 433 661 - 137 595 600 |
| 4,409 | |
| - | |
| 76 | |
| - | |
| - | |
| 76 |
Page | 20
Christian Education Project Notes to the Financial Statements For the year ended 30 September 2025
6 Trustee Remuneration Benefits and Expenses
There were no trustees' remuneration or other benefits for the year ended 30 September 2025 nor for the year ended 30 September 2024
Under the terms of the company's Memorandum and Articles of Association the directors cannot draw remuneration for their services
The Trustees take responsibility for planning, and controlling the activities of the entity, which is performed on a day to day basis by the Project Leader and staff. Therefore the Trustees are key management personnel.
Trustees' expenses
There were no trustees' expenses paid for year ended 30 September 2025 nor for year ended 30 September 2024
- 7 Staff Costs
| Staff Costs | ||
|---|---|---|
| Wages and salaries Social security costs Other pension costs |
2025 £ 60,426 4,652 1,700 66,778 |
2024 £ 74,329 4,877 1,360 |
| 80,566 |
The staff costs allocated to the restricted funds are shown along with other allocated direct costs in Note 3 above
No employee received emoluments in excess of £60,000
Pension costs all relate to defined contribution schemes whose assets are held outside the charitable company.
- 7 The average monthly number of employees during the year was as follows:
| Charitable activity Full time equivalent - charitable activity Tangible Fixed Assets COST At 1 October 2024 Additions in year At 30 September 2025 DEPRECIATION At 1 October 2024 Charge for the year year At 30 September 2025 NET BOOK VALUE At 30 September 2025 At 30 September 2024 |
2025 Number 2.4 1.9 Fixtures & Fittings Computer Equipment £ £ 8,101 4,614 - 910 |
2024 Number 4.8 |
|---|---|---|
| 2.6 | ||
| Total £ 12,715 910 |
||
| 8,101 5,524 |
13,625 |
|
| (8,101) (4,614) (12,715) - (300) (300) |
||
| (8,101) (4,914) (13,015) |
||
| - 610 610 |
||
| - - - |
8 Tangible Fixed Assets
Page | 21
Christian Education Project Notes to the Financial Statements For the year ended 30 September 2025
9 Debtors: Amounts falling due within one year
| Christian Education Project Notes to the Financial Statements For the year ended 30 September 2025 9 Debtors: Amounts falling due within one year |
Christian Education Project Notes to the Financial Statements For the year ended 30 September 2025 9 Debtors: Amounts falling due within one year |
Christian Education Project Notes to the Financial Statements For the year ended 30 September 2025 9 Debtors: Amounts falling due within one year |
Christian Education Project Notes to the Financial Statements For the year ended 30 September 2025 9 Debtors: Amounts falling due within one year |
|---|---|---|---|
| 2025 2024 £ £ Other debtors 2,019 4,471 10 Cash at bank and in hand 2025 2024 £ £ CCLA deposit account 84,783 70,346 Barclays plc current and deposit accounts 7,246 14,975 92,029 85,321 11 Creditors: Amounts falling due within one year 2025 2024 £ £ Taxation and social security 682 608 Accruals 2,599 3,451 3,281 4,059 12 Movement in Funds At 1 October 2024 Net movement in funds At 30 September 2025 £ £ £ Unrestricted funds a) General fund 33,413 5,644 39,057 b) Designated fund Third worker 51,477 - 51,477 84,890 5,644 90,534 c) Restricted funds Mentoring 843 - 843 Prayer spaces - - - Transition workshops - - - 843 - 843 TOTAL FUNDS 85,733 5,644 91,377 Net movement in funds included in the above are as follows: Income Expenses Transfers Movement in funds £ £ £ £ Unrestricted funds a) General fund 76,587 (70,944) - 5,644 b) Designated fund Third worker - - - - 76,587 (70,944) - 5,644 c) Restricted funds Mentoring - - - Prayer spaces 3,564 (3,564) - Transition workshops - - - - 3,564 (3,564) - - TOTAL FUNDS 80,150 (74,507) - 5,644 Included in other debtors is accrued income of £nil (2024: £1,361) in respect of the restricted fund for prayer spaces. |
|||
| 92,029 | |||
| 2025 £ 682 2,599 |
|||
| 3,281 | |||
| Income £ 76,587 - |
|||
| 84,890 | 5,644 90,534 |
||
| 843 - - |
- 843 - - - - |
||
| 843 | - 843 |
||
| 85,733 | 5,644 91,377 |
||
| Expenses Transfers Movement in funds £ £ £ (70,944) - 5,644 - - - |
|||
| 76,587 | (70,944) - 5,644 |
||
| - 3,564 - |
- - (3,564) - - - - |
||
| 3,564 | (3,564) - - |
||
| 80,150 | (74,507) - 5,644 |
Page | 22
Christian Education Project
Notes to the Financial Statements For the year ended 30 September 2025
12 Movement in Funds (continued)
Unrestricted funds
General fund
The General fund represents the unrestricted funds that the Trustees can spend on the charity's aims and objectives. The Trustees consider that a balance of three months expenses represents the level of reserves that the charity should seek to maintain. At the year end the balance represents approximately 140% of this figure.
Designated funds
These are held by the Trustees and the funds are expected to be utilised as follows:
Third worker
The balance brought forward represents the Trustees estimate of the funds needed to increase the schools work team to three for approximately two years. As the General Fund has been in a surplus this year and the year end balance is above the Trustees minimum level; there has been no movement in this fund during the year. The Trustees will continue to drawdown on the Designated Fund either to fund staff costs in excess of 2 FTE or to support the General Fund.
Restricted funds
The Trustees have reviewed the balances on the restricted funds at 30 September 2025 and are expecting these funds to be utilised as follows:
Prayer spaces
The Trustees received a grant during the year from the Chelmsford Diocese to cover the expenses on prayer spaces in schools incurred by the Project. The project will ceased in 2025.
Transition workshops
This fund is used to purchase books which are distributed to Year 6 pupils towards the end of the summer term. This activity was generously funded by the South Park Literature Trust. The Project anticipates continuing the distribution in the coming year and will again be appealing for funds from supporters to fund the distribution in summer 2025.
13 Analysis of net assets between funds
| Analysis of net assets between funds | |
|---|---|
| Current year Fixed assets Cash and current investments Other current assets Creditors within/less than one year Provisions/pensions Prior year Fixed assets Cash and current investments Other current assets Creditors within/less than one year Provisions/pensions |
Unrestricted funds Restricted funds Total £ £ £ 610 - 610 91,186 843 92,029 2,019 - 2,019 (3,282) - (3,282) - - - |
| 90,534 843 91,377 |
|
| - - - 84,478 843 85,321 4,471 - 4,471 (4,059) - (4,059) - - - |
|
| 84,890 843 85,733 |
14 Contingent Liabilities
There were no contingent liabilities at the year end (2024 £nil)
Page | 23
Christian Education Project
Notes to the Financial Statements For the year ended 30 September 2025
15 Related Party Transactions
The Trustees, having made enquiries, are not aware of any donations received from supporting churches with which there is a related party link. See also note 6.
16 Post balance sheet event
There are no post balance sheet events which need to be noted or adjusted for in these accounts.
17 Financial instruments
| Financial instruments | |
|---|---|
| The charity’s financial instruments may be analysed as follows: Financial Assets Financial Assets Measured at Amortised Cost Trade debtors Other debtors Cash and cash equivalents Total Financial Assets Financial Liabilities Financial Liabilities Measured at Amortised Cost Trade creditors Other creditors Bank loans and overdrafts payable within one year Bank loans and overdrafts payable after one year Total Financial Liabilities |
2025 2024 £ £ - - 2,018 4,471 92,029 85,321 |
| 94,048 89,792 |
|
| - - 3,281 4,059 - - - - |
|
| 3,281 4,059 |
18 Prior year comparative Statement of Financial Activities
| Prior year comparative Statement of Financial Activities | |
|---|---|
| Income from Donations and legacies Grants Fundraising Investment income Legacies received Other Total income Expenditure on Charitable activities - Schools work Support, finance and governance Total expenditure Net income/(expenditure) Transfer between funds Net movement in funds for the year Reconciliation of funds: Total funds brought forward Total funds carried forward |
Unrestricted funds Restricted funds 2024 Total funds £ £ £ 57,556 1,327 58,883 - 6,166 6,166 7,347 - 7,347 3,987 - 3,987 11,400 - 11,400 5,025 - 5,025 |
| 85,315 7,493 92,808 |
|
| 78,572 7,493 86,065 4,409 - 4,409 |
|
| 82,981 7,493 90,474 |
|
| 2,334 - 2,334 - - - |
|
| 2,334 - 2,334 |
|
| 82,556 843 83,399 |
|
| 84,890 843 85,733 |
All the restricted funds income and expenditure shown above relate to Prayer spaces and mentoring.
Page | 24
Christian Education Project
Detailed Statement of Financial Activities For the year ended 30 September 2025
| INCOMING RESOURCES Voluntary income Donations Grants Fundraising Legacies received Charitable activities Investment income Deposit account interest Sundry income Sundry income Total incoming resources RESOURCES EXPENDED Charitable activities Wages Social security Pensions Staff training and welfare Workers expenses Fundraising expenses Charitable activities resources Governance costs Accountancy Support costs Management Insurance Telephone & communications Printing,postage & stationery Repairs & maintenance Sundries Computer software Computer depreciation Website development Finance Bank charges Total resources expended Net income (expenditure) |
Unrestricted funds £ 60,658 - 1,732 5,421 - 67,811 3,437 5,338 76,587 57,583 4,652 1,700 - 1,069 75 1,152 66,231 1,300 1,300 914 242 719 - 354 827 300 - 3,354 58 70,944 5,644 |
Restricted funds £ - 3,564 - - - 3,564 - - 3,564 2,843 - - - - - 720 3,564 - - - - - - - - - - - - 3,564 - |
2025 Total Funds £ 60,658 3,564 1,732 5,421 - 71,375 3,437 5,338 80,150 60,426 4,652 1,700 - 1,069 75 1,872 69,794 1,300 1,300 914 242 719 - 354 827 300 - 3,354 58 74,506 5,644 |
2024 Total Funds £ 58,883 6,166 7,347 11,400 - |
|---|---|---|---|---|
| 83,796 | ||||
| 3,987 5,025 |
||||
| 92,808 | ||||
| 74,329 4,877 1,360 423 1,327 138 3,611 |
||||
| 86,065 | ||||
| 1,195 | ||||
| 1,195 | ||||
| 892 24 892 175 433 661 - - |
||||
| 3,077 | ||||
| 137 | ||||
| 90,474 | ||||
| 2,334 |
This page does not form part of the financial statements