## **Christian Enterprises Trust** ## **Trustees Annual Report** ## **And** ## **Accounts** Year ended 31st March 2024 Registered Charity No 1014571 Independent examiner Richard J C Gilpin ACIB CeMAP ## **Christian Enterprises Trust** ## **LEGAL AND ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 31[ST] MARCH 2024** **Address** The Elmgrove Centre Redland Road Bristol BS6 6AG **Constitution** Charitable trust formed by deed dated 13[th] March 1992 Registered charity no 1014571 **Trustees** Sally Ann Charlotte Jackson (Chair) Martha Nana Fynn-Garbrah Nathanael Benjemin Theodore Jackson John Cardinal Ifeanyi Katherine Elizabeth Ifeanayi Scottish Widows Bank 67 Morrison Street Edinburgh EH3 8YJ Santander Business Banking Bootle Merseyside L30 4GB TSB Business Banking Henry Duncan House 120 George Street Edinburgh EH2 4LH ## **Independent Examiner:** Richard John Clement Gilpin ACIB CeMAP 14 Trewin Lodge Normandy Drive Yate Bristol BS37 4FX 2 ## **Christian Enterprises Trust** ## **Trustees Annual Report** The Trustees present their report and the accounts for the year ended 31[st] March 2024. ## **PRINCIPAL OFFICE** The trust’s principal office is The Elmgrove Centre, Elmgrove Road, Cotham, Bristol BS6 6AH. ## **GOVERNING DOCUMENT** The Christian Enterprises Trust was established as a charitable trust by way of a deed made on 13[th] March 1992. The objects of the charity are to promote Christianity and Christian education in the United Kingdom and elsewhere. On 30[th] July 2004 the net assets of the Sheep Gate trust were transferred to Christian Enterprises Trust as the Sheep Gate Trust was no longer able to manage its activities on a day-to-day basis. The Sheep Gate Trust was created by way of a deed made on 12[th] September 1989 and was a registered charity from 17[th] October 1989 to 12[th] August 2004. (Registered charity no 328353) ## **OBJECTS OF THE CHARITY** The Objects of the Charity are to promote Christianity and Christian education in the United Kingdom and elsewhere in particular by: - i. Providing opportunities for people to meet with God, Father, Son and Holy Spirit. - ii. Establishing Christian Community Centres - iii. Promoting the unity of Christians in the love and service of God - iv. Fostering initiatives to teach and care in the community in obedience to Jesus. ## **PUBLIC BENEFIT STATEMENT** The trustees of Christian Enterprises trust confirm that they have complied with their duty to have due regard to the guidance on public benefit published by the Charity Commission in exercising their powers and duties. The trust has promoted Christianity and Christian education by giving regular one-off gifts to those active in Christian work both in the UK and abroad. It has continued to run the Christian Community Centre in Bristol. The trust has also served the community both through the support of those Christians involved in looking after the needs of others and directly by sponsoring and writing to two children who live in poverty. Also providing work and income for a man in particular need. 3 ## **Christian Enterprises Trust** The trust has furthered Christianity through its financial support of missionaries abroad, through enabling recording of Christian music and bible reading, and through supporting those who help others. ## **RESERVES POLICY** The major expenses incurred by the trust are maintenance and repairs to the Elmgrove centre, donations, salaries and wages. The trustees believe that holding reserves equivalent to approximately three months, utilities, gifts, and wage expenditure is prudent. For the year ended 31[st] March 2024 this would amount to approximately £15,500. ## **FINANCIAL REVIEW** ## **Current year** Accounts are now produced on cash and receipt basis in contrast to previous years which have been produced on accruals basis. There was a profit of £2,773 for the year ended 31st March 2024 (2023 accrued loss of £13,608). The trust continues to control the activities that take place at the centre and received £113,518 in hall hire fees. The trust receives a rental and storage income from City Church which was at £27,280. It is anticipated that hire and rental charges will again become the major sources of income going forward. The trust has continued with the program of upgrading, maintaining and improving the Elmgrove Centre. During the year to 31st March 2024 expenditure on repairs and maintenance was £10,831. The main costs in the year were wages and salaries and pensions of £77,483. ## **RESTRICTED FUNDS** The only restricted funds currently with the trust is a house in Lilongwe Malawi used to further the trust’s objectives. This was acquired in October 2011 for £4,332.00. ## **REVIEW OF ACTIVITIES** ## **Chairman's report for Christian Enterprises Trust Year 2023-2024** Christian Enterprises Trust directly supported two Christian initiatives during the year: a Women's Worship Evening on the second Friday of every month, led by Jill Vine and a tent event called Safe Haven held on the Downs in Bristol in October 2023 organised and run by Jill Vine which the Trust financed. There were undoubted miracles involved in the coming about of the Safe Haven event as it was beset with difficulties. A 'chance' (surely God appointed) meeting of the Chairman of the Trust with a person at a Christian Camp in early August led to her being given the details of a Christian organisation in Wales called Show Jesus. This amazing organisation brought all the answers to prayer that were needed for the event to happen. Show Jesus provided a marquee, 4 ## **Christian Enterprises Trust** staff to put it up, health and safety information for the City Council, experience and encouragement, prayer and possibility. The weather stayed fine, despite forecast of rain, and the site looked amazing with all the additional features which Jill had organised, Mission Aviation Fellowship with a small plane, A second tent with free refreshments which didn't run out and a third with superb face painting. The worship continued throughout the afternoon and early evening and the testimonies were powerful. The year saw new staff start at the Trust's principal work, the Elmgrove Centre, at the beginning of May 2023 including a brilliant premises manager, a temporary assistant manager and a new office manager with special responsibility for developing social media and the website. Improvements and repairs were organised with very efficient planning and work by the General Manager and Premises Manager but were hampered for over 6 months by the very poor communication and the even worse reliability of the roofing firm Davis Roofing to do what they said which meant that essential roof repairs did not get done until a different roofing company were successfully found and had the work completed within a month. Three churches now meet at the Elmgrove Centre, and the Centre has been host to a wide variety of one off hires, providing a venue praised for the quality of the building in decoration and cleanliness, its spacious size and its reasonable cost which reflects both the work of the staff and the aim of the Trust to provide good spaces to use, large and small, which are not provided elsewhere and at a manageable cost. Its variety of spaces (6 in total) to use are a great asset. A ceilidh for Burns night, the Bristol Uni Caledonian Society annual ball, the Bristol Uni Women in Engineering annual ball and fundraising ceilidhs, - including one called Caper Ceilidh raising money for Somerset Wildlands, and one raising funds for Hope for Life, Katanga celebrating 10 years of supporting young adults in Uganda - in the Large Hall gave opportunities for many people to come together and enjoy a time of sharing and fun. The large hall also gave wedding couples the opportunity to have a reception according to their own choices of decoration, table layout and food, including hot food prepared in the large kitchen, and within a budget that made having an event for up to 180 people possible for them. The Coexist Community Kitchen which gives cooking lessons and free meals for the disadvantaged were able to greatly increase their numbers attending their annual fundraising event held in December owing to the increased space of the Elmgrove Centre Large Hall compared with their previous venue. We were able to help out Cotham Gardens Primary School when their Sports Hall required extensive work by them being able to use the Small Hall for their assemblies and Sports classes. NHS CAMHS hosted a week of educational workshops for families of children with eating disorders. 2 all day conferences were held: The Church Mission Society had an all day conference called 'Gather for the Day' bringing together different groups addressing poverty in the UK and the second was a staff away day for Probation Officers. 5 ## **Christian Enterprises Trust** The small hall has been used for rehearsal space by Wardrobe Theatre Ensemble, for filming, and an art workshop. The regular hirers have continued with us for a further year, including 4 different dance classes, Pilates Classes, the Pre-school nursery, City Church youth group and their Sunday church meeting, and new hirers have started such as those offering movement therapy, talking therapy and art therapy sessions and mini athletics for children. The Trust bought a minibus for use transporting 9+mobility aids, rescued from Recycling Centres in Bristol and stored on the Mezzanine in the Elmgrove Centre, to Warsaw for their further transporting to Ukraine, run by a tireless group of volunteers. Christian Enterprises Trust continued its support for John and Catherine Ifeanyi and their new church in Oslo, Norway, which is growing steadily; Peter Kent working with Operation Mobilisation and churches in France with open air sketchboard and singing evangelism; Alex George with his Christian work in Bristol, England supporting, among others, prison officers, young couples with marriage guidance, and individuals working with personal difficulties or work issues, as well as doing talks for the Christian Union at UWE; and Mary Gondwe helping victims of natural disasters, particularly floods, in Malawi through funds raised from CET's house in Lilongwe, now divided into three small units of accommodation for homeless widows so they can find work and support themselves and others. New support has also been given for Marcus Wells working with volunteers to collect, store and take aid, particularly medical mobility aids, to Warsaw, Poland where it is taken onwards from there to Ukraine. CET bought a minibus that is given for use for transporting aid to Warsaw and Ukrainian refugees to Copenhagen, Denmark for two years. Free storage of mobility aids is also given at the Elmgrove Centre. ## **TRUSTEES AND THEIR INTERESTS** The Trustees who served during the year are listed on page 2. - (1) The owners of the Elmgrove Centre are Mrs Joanna Rawstron, Mr Nathanael Jackson and Mr William Taylor-Jackson all of whom are children of Mrs Sally Ann Jackson who is a trustee. The trust rents the Elmgrove Centre from these three individuals and rental payments totalling £18,000 have been made to them during the financial year ended31[s] March2024. - (2) Expenses incurred by trustees in furtherance of the trust’s business are reimbursed periodically. 6 ## **Christian Enterprises Trust** ## **TRUSTEES RESPONSIBILITIES** Charity law requires the Trustees to prepare financial statements for each accounting year that give a true and fair view of the state of affairs of the charity and of its financial activities for that period and which adequately identify material special trust or other restricted funds of the charity. In preparing those accounts, the trustees are required to: - (1) Select suitable accounting policies and then apply them consistently. - (2) Make judgements and estimates that are prudent and reasonable. - (3) State whether applicable accounting standards have been followed subject to any material departures being disclosed and explained in the financial statements. - (4) Prepare the accounts on the going concern basis, unless it is inappropriate to presume that the charity will continue in business. We are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and which enable us to ensure that the financial statements comply with the Charities Act 2011 We also have a responsibility to safeguard the assets of the charity and to take reasonable steps to prevent fraud or any other irregularities. ## **APPROVAL** This report was approved by the trustees on 31[st ] January 2025 and is signed on their behalf by ...................................................... Nathanael Benjemin Theodore Jackson. (Trustee) 7 ## **Christian Enterprises Trust** ## **INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF CHRISTIAN ENTERPRISES TRUST** I have examined the financial statements of the trust for the year ended 31[st] March 2024 which are set out on pages 10 to 11. The charity’s trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 (the Charities Act) but that an independent examination is needed. It is my responsibility to: - Examine the accounts under section 145 of the Charities Act; - Follow the procedures laid down in the general directions given by the Charity Commission under section 145(5)(b) of the 2011 Act: and - State whether any particular matters have come to my attention. ## **Basis of independent examiner’s report** My examination was carried out in accordance with the general directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a ‘true and fair view’, and the report is limited to those matters set out in the statement below. ## **Independent examiner’s statement** Based on my examination, other than matters set out below, no matter has come to my attention which gives me reasonable cause to believe that in any material respect, accounting records have not been kept in accordance with section 130 of the Charities Act, or that the accounts presented do not accord with those records or comply with the accounting requirements of the Charities Act. The trust had not presented me with any minutes of meetings during the year. Accordingly, I have not been able to verify, with documentary evidence, details of any decisions taken. I have relied on emails and verbal information supplied. 8 Christian EnterprRses Trust There is a propety at Lilongwe in Malawi shown as a restricted fund asset in the accounts with a book value of £4,332. The tnlst has no documentation to evidence ownership of this property. I have therefore been unable to satisfactorily verify 0￿e[ship by the trust and nor have I been able to fully veiify that it is still ￿ed for the pur￿SeS of the trust. Kings Films has been set up as a unit within the trust but h&s its own bank account and books of account. This is nm as a separate entity being funded in part by transfers from the main trust but also obtaining its own income. Whilst I have been sent copies of the separate bank account maintained for King's Films, I have not been able to eknmine any of the other Ix)oks or associated paperwork and have relied on Rnforn]ation passed to me. The figurw as far as I can ascertai￿ have been properly incorporated into the main accounts for the trust. Separate records are maintained relating to all staff pay pension and tax contributions which are integrated into th¢ main accounts. I have forn]ed the opinion from access to the accounts and the documentation provided to me that these accounts are a true reflection of the charity and its activities. The tr￿SteeS and their interest section of the trustee's report sets out details of transaction between various trustees and related parties including the payment of rent by the trust to related parties. Signature.. ........................ Richard J C Gilpin Independent Examiner Dated: 31° January 2025 Richard J C Gilpin ACIB CeMAP 14 Trewin Lodge Norniandy Drive Yate Bristol BS37 4FX **CHRISTIAN ENTERPRISES TRUST** ## **RECEIPTS AND PAYMENTS ACCOUNT** ## **YEAR ENDED 31 MARCH 2024** |**RECEIPTS**
Hall Hire
Rumpus Room
Other revenue
Rent
King's films
Grants and donations received
**TOTAL RECEIPTS**
**PAYMENTS**
**Charitable activities**
Advertising
Bank fees
Cleaning
Charitable donations
Gifts
Insurance
Licences
Light, power & heating
Motor vehicle expenses
Motor vehicle purchases
Rates
Rent
Repairs & Maintenance
Salaries (including employers NI & pension contributions)
Software
Stationery
Telephone
Waste collections
Water rates
Accountancy fees
Travel
Sundries
King's Films
**TOTAL PAYMENTS**
**NET RECEIPTS/(PAYMENTS)**
**Cash Funds Brought Forward**
**Cash Funds Carried Forward**|**Total Funds**
**2024**
**£**
103,794
7,015
2,709
27,280
-
13,800
**154,598**
-
272
2,134
300
8,400
969
1,615
11,554
165
13,200
1,166
18,000
10,831
77,483
945
9
933
1,308
1,419
900
104
79
39
**151,825**
**2,773**
**71,754**
**74,527**|**Total Funds**
**2023**
**£**
85,761
1,900
5,080
27,960
45
-
120,746
15
72
6,107
300
8,495
908
1,381
6,692
232
400
1,946
18,000
17,996
68,410
654
88
745
1,739
(545)
720
364
81
159
134,959
(14,213)
85,967
**71,754**| |---|---|---| All cash movements are in unrestricted funds. 10 CHRISTIAN ENTERPRISES TRUST STATEMENT OF ASSETS AND LIABILrriES YEAR ENDED 31 MARCH 2024 Total Funds Total Funds 2024 2023 Cash funds Bank and cash balances 73.048 1.479 70,236 1,518 King's Films 74,527 71,754 Fixed Assets Property (Restricted) Equipment Motor Vehicles 4,332 16.528 15,200 4,332 16,528 2,000 36,060 22,860 Current Assets Loans Debtors 2,865 23,572 2,865 25,512 Total Assets 26,437 28,377 Liabilities Creditors 116.795) {720) (17,1591 Accruals 117,515) {17,159) Cash fund balances at 31 March 2024 Balance at 31 March 2023 Balance at 31 March 2024 Receipts Payments Unrestricted funds General funds 71.754 154.598 (151.825) 74,527 Total 71,7S4 154.598 (151,8251 74,527 These financial statement were approved by the trustees on . 31.01.2024 .and are signed on their behalf by- Martha Nana Fynn-Garbrah Trustee Nathanael Benjamin Thecdore Jackson Trustee 16