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← Christian Enterprises Trust

2025-03-31-accounts

Christian Enterprises Trust

Trustees Annual Report

And

Accounts

Year ended 31st March 2025

Registered Charity No 1014571

Independent examiner Paul Simon Brown FCIE DChA

Christian Enterprises Trust LEGAL AND ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 31[ST] MARCH 2025

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:

Paul Simon Brown FCIE DChA 2 Ger y mynydd, Hirwaun Aberdare CF44 9RD

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Christian Enterprises Trust TRUSTEES ANNUAL REPORT FOR THE YEAR ENDED 31[ST] MARCH 2025

The Trustees present their report and the accounts for the year ended 31[st] March 2025.

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:

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.

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.

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Christian Enterprises Trust TRUSTEES ANNUAL REPORT FOR THE YEAR ENDED 31[ST] MARCH 2025

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 2025 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 £1,014 for the year ended 31st March 2025 (2024 accrued surplus of £2,773). The trust continues to control the activities that take place at the centre and received £144,862 (2024: £113,518) in hall hire fees.

The trust receives a rental and storage income from City Church which was at £8,640(2024: £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 2025 expenditure on repairs and maintenance was £27,133 (2024: £10831). The main costs in the year were wages and salaries and pensions of £75,447 (2024: £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 2024-2025

The Trustees were very satisfied that the Elmgrove Centre was doing well under the management of Sam Jackson, together with Carrie Griffiths as Accounts Manager and Gary Bloodworth as Premises Manager, with the additions later in the year of Caroline as marketing and publicity manager and Kat to do community outreach and volunteer days, particularly looking to working in the gardens.

As the structure for running the Elmgrove Centre allows for the Director to choose to have a manager and to step back into a more overseeing role, this option was found to be working well, particularly with monthly trustees meetings where the General Manager and the Accounts Manager would give reports to the Trustees so that the Trustees are kept well informed. The Trust, which had been financially supporting Greg Vine, his wife and tamily, while he was working with MAF in Uganda, ceased doing this on their return to the UK, and chose to give increased support for Peter Kent in Paris, France and for the church plant in Oslo, Norway.

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Christian Enterprises Trust TRUSTEES ANNUAL REPORT FOR THE YEAR ENDED 31[ST] MARCH 2025

Althea is continuing being supported by us, via Compassion's partners in the Philippines, beyond the usual age of 18 as she is in a programme which Compassion consider to be very beneficial for her and will give her more opportunities for work when she leaves at 21.

The Trust gives discounted rates for hire of the Elmgrove Centre to churches, Christian organisations and Christian charities and to charities which are not Christian but are carrying out work which is in line with CET's objects. We offer 50% reduction for these organisations and see this as part of our Christian giving which we intend to be more than 10% of our income. We also offer 25% discount to charities which are running fund raising events but are not in line with our own objects and we offer 10% discount to organisations such as the NHS and the education service in recognition of the good work they are doing.

The premises are in large part over 150 years old and the demands on our resources of keeping these in good and safe order is challenging but we know that God looks after all our needs and we aim to be good stewards of what is his.

The soft play room has an asbestos cement roof which we understand is no hazard to health while it remains intact, but we are aiming to have this replaced as soon as we are able to do this.

The lower roof on the Main Hall building has had several leaks as have other parts of the roofs and finding a good and reliable roofer or roofing firm has proved difficult but we have carried out some work on the roofs to deal with these problems. Ideally we would carry out complete re-roofing work but at the moment we have to settle for patchwork repairs.

A steady programme of improvements is underway and we are able to do some of the work, particularly decorating, ourselves as the premises manager, Gary, is good at this.

The feedback from our hirers is very enthusiastic, grateful and positive and the Trustees are glad to be able to offer this collection of three buildings with its various different spaces to the community for so many different good purposes.

TRUSTEES AND THEIR INTERESTS

The Trustees who served during the year are listed on page 2.

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Christian Enterprises Trust TRUSTEES ANNUAL REPORT FOR THE YEAR ENDED 31[ST] MARCH 2025

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:

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 2026 and is signed on their behalf by

...................................................... Nathanael Benjemin Theodore Jackson. (Trustee)

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Christian Enterprises Trust INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF CHRISTIAN ENTERPRISES TRUST FOR THE YEAR ENDED 31[ST] MARCH 2025

I report to the trustees on my examination of the accounts of Christian Enterprises Trust (the Trust) for the year ended 31st March 2025.

Responsibilities and basis of report

As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’). I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent Examiner’s statement

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

  1. accounting records were not kept in respect of the Trust as required by section 130 of the Act; or

  2. the accounts do not accord with those records.

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.

Paul Simon Brown FCIE DChA

2 Ger y mynydd, Hirwaun Aberdare CF44 9RD

16[th] March 2026

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CHRISTIAN CHRISTIAN ENTERPRISES ENTERPRISES [TRUST] TRUST RECEIPTSAND RECEIPTS AND PAYMENTS PAYMENTS ACCOUNT ACCOUNT YEAR YEAR ENDED ENDED 31 31 MARCH MARCH 2025 2025

Total Funds
Total Funds		 Total
Funds
= Total Funds		 Total
Funds
= Total Funds
2025
2025		 2024
2024
£
£		 £
£
RECEIPTS
RECEIPTS
Hall Hire
Hall Hire		 124,521
124,521		 103,794
103,794
Rumpus
Room
Rumpus Room		 15,395
15,395		 7,015
7,015
Other
revenue
Other revenue		 4,946
4,946		 2,709
2,709
Rent
Rent		 8,640
8,640		 27,280
27,280
Grants
anddonations
received
Grants and donations received		 2,500
2,500		 13,800
13,800
TOTAL
RECEIPTS
TOTAL RECEIPTS		 156,002
156,002		 154,598
154,598
PAYMENTS
PAYMENTS
Charitable
activities
Charitable activities
Advertising
Advertising		 54
54		 -
Bankfees
Bank fees		 143
143		 272
272
Cleaning
Cleaning		 4,076
4,076		 2,134
2,134
Charitable
donations
Charitable donations		 300
300		 300
300
Consulting
Consulting		 250
250		 -
Equipment
purchases
Equipment purchases		 435
435		 -
Gifts
Insurance
Gifts
Insurance		 8,600
997
8,600
997		 8,400
969
8,400
969
Licences
Licences		 828
828		 1,615
1,615
Light,power& heating
Light, power& heating		 11.454
11,454		 11,554
11,554
Motor vehide expenses
Motor vehicle expenses		 182
182		 165
165
Motor
vehide
purchases
Motor vehicle purchases		 - 13,200
13,200
Rates
Rates		 474
474		 1,166
1,166
Rent
Rent		 18,000
18,000		 18,000
18,000
Repairs
& Maintenance
Repairs & Maintenance		 27,133
27,133		 10,831
10,831
Salaries
(including
employers
Software
Salaries (including employers
Software		 NI & pension
NI & pension		 contributions)
contributions)		 75,447
789
75,447
789		 77,483
945
77,483
945
Stationery
Stationery		 48
48		 9
Telephone
Waste collections
Telephone
Waste collections		 864
1,379
864
1,379		 933
1,308
933
1,308
Water rates
Accountancyfees
Travel
Water rates
Accountancyfees
Travel		 : 1,277
1,440
323
W27TT
1,440
323		 1,419
900
104
1,419
900
1 4
Sundries
Sundries		 495
495		 79
79
King's
Films
King's Films		 - 39
39
TOTAL PAYMENTS
TOTALPAYMENTS		 154,988
154,988		 151,825
151,825
NET RECEIPTS/(PAYMENTS)
NET RECEIPTS/(PAYMENTS)		 1,014
1,014		 2,773
ar73
Cash Funds BroughtForward
Cash Funds BroughtForward		 74,527
74,527		 71,754
71,754
Cash Funds Carried
Forward
CashFundsCarriedForward		 75,541
75,541		 74,527
74,527
All
All		 cash
cash		 movements are
movements are		 in unrestricted
in unrestricted		 funds.
funds.

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CHRISTIAN CHRISTIAN ENTERPRISES ENTERPRISES TRUST TRUST STATEMENT STATEMENT OF OF ASSETS AND ASSETS AND LIABILITIES LIABILITIES YEAR YEAR ENDED ENDED 31 31 MARCH MARCH 2025 2025

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||||||||||| |---|---|---|---|---|---|---|---|---|---| |Total|Total|Funds|Funds|=|Total|Total|Funds|Funds| |2025|2025|2024|2024| |£|£| |Cash|Cash|funds|funds| |Bank|Bank and|and|cash|cash balances|balances|74,062|74,062|73,048|73,048| |King's|King's|Films|Films|1,479|1,479|1,479|1,479| |75,541|75,541|74,527|74,527| |Fixed|Fixed|Assets|Assets| |Property|Property|(Restricted)|(Restricted)|4,332|4,332|4,332|4,332| |Equipment|Equipment|16,963|16,963|16,528|16,528| |Motor|Motor|Vehides|Vehicles|15,200|15,200|15,200|15,200| |36,495|36,495|36,060|36,060| |Current|Current|Assets|Assets| |Loans|Loans|2,896|2,896|2,865|2,865| |Debtors|Debtors|36,351|36,351|23,572|23,572| |Total|ASsets| |Total|Assets|39,247|39,247|26,437|26,437| |Liabilities|Liabilities|.| |Creditors| |Creditors|(28,500)|(28,500)|(16,795)|(16,795)| |Accruals| |Accruals|(900)|(900)|(720)|(720)| |(29,400)|(29,400)|(17,515)|(17,515)|

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||||||||||||||| |---|---|---|---|---|---|---|---|---|---|---|---|---|---| |Cash|Cash|fund|fund|balances|balances|at|at|31|31|March|March|2025|2025| |Balance|Balanceat|at|31|31|Balance|Balance|at|at|31|31| |March|March|2024|2024|Receipts|Receipts|Payments|Payments|March|March|2025|2025| |Unrestricted|Unrestricted|funds|funds| |General|General|funds|funds|74,527|74,527|156,002|156,002|(154,988)|(154,988)|75,541|75,541| |Total|Total|.Be|eG6aoauaeaeanaa———SSS.—74,527|74,527|eee|156,002|156,002|Oe|(154,988)|(154,988)|—————————|75,541|75,541|

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These These financial financial statement statement were were approved approved by by the the trustees trustees ON on ............-.ss0:.:+1e2--and .and are are signed signed on on their their behalf behalf by: by:

Martha Martha Nana Nana Fynn-Garbrah Fynn-Garbrah Trustee Trustee

Nathanael Nathanael Benjamin Benjamin Theodore Theodore Jackson Jackson Trustee Trustee

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