Charity registration number 1041237 (England and Wales)
Charity registration number SC038860 (Scotland)
Company registration number 02883771
THE CHRISTIAN TRUST
ANNUAL REPORT AND CONSOLIDATED
FINANCIAL STATEMENTS FOR THE YEAR
ENDED 31 DECEMBER 2024

THE CHRISTIAN TRUST
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees
Mr M J M(K)re
MrP Chambron
MrPARyan
Mr R W Steel
Mr K B Bandy
se￿etary
MrRHay
Charity number (England and Wales)
1041237
Charity number (Scotland)
SC038860
Company number
02883771
Registered office
Ellel Grange
Ellel
Lancaster
Lancashire
LA2 OHN
The charity is incorporated in England and Wales
Auditor
Xeinadin Audil Limited
116 Dukestreet
Liverpcol
L1
Bankers
Barclays Bank F
PO Box 6193
Basingstoke
Hants
RG21 3RX
Natwesl Bank plc
PO Box 94
64 Church Street
Lancaster
LA1 1EZ
Solicitors
Oglethorpe Sturton and Gillibrand
16 Castle Park
Lancaster
Lancashire
LA1 1YG
Anthony Collins
134 Edmund Sireet
Birmingham
B3 2ES

THE CHRISTIAN TRUST
CONTENTS
Page
Trustees Report
Independent Auditorfs RetMIrt
10-12
Consolidated Statement of Financial Activitses
13
Consolidated Balan￿ Sheet
14
Balance Sheet
15
Consolidated Statement of Cash Flows
16
Notes to the Financial Statements
17-37

THE CHRISTIAN TRUST
TRUSTEES REPORT (INCLUDING DIRECTORS. REPORT)
FOR THE YEAR ENDED 31 DECEMBER 2024
The Trustees (who are also Direclors of the Charity for the purposes of the Companies Act) present their annual report
together with the audited financial statements of The Chrisb'an Trust (the chantyl for 1 January 2024 to 31 December
2024. The Trustees confimi that the annual report and financial statements of the charity and the group comply with the
current statutory requirements, the requiremenls of the charity and the group's goveming document and the provisions of
the Statement of Recommended practs"￿ {SORP): 'Acu)unling and Reporting by Charities. effective 1 January 2019.
The financial statements have been prepared in accordance with the accounting policies sel out in note 1 to the
financial statements and comply with the charity's goveming document, the Companies Act 2006, the Charities and
Trustee Investment {Scotlandl Act 2005. the Charities Accounts (Scotlandl Regulations 2006. FRS 102'The Financial
Reporting Standard applicable in the UK and Republicof Ireland" and the Charities SORP'Accounting and Reporting
by Charities.. Statement of Recommended Practi￿ applicable lo charities preparing their accounts in accordance with
the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)"
The Charity also trades under the name Ellel Ministries and cu￿entlY operate out of the following UK centres..
Ellel Grange, Bay Horse, Ellel, Lancaster. L42 OHN
Telephone.. 01524 751 651
Email= info.
ran
ellel.o
Glyndley Manor, Slone Cross, Pevensey, Sussex, BN24 58S
Telephone.. 01323 440 440
Email: info.
ran
ellel.or
Blaimiore House. Glass. Hunuy. Aberdeenshire. AB54 4XH
Telephone.. 01466 799 102
Email= info.scolland
ellel.o
Information can also be obtained from the charity's website htt s=Ilellel.uk
Objectives and activities
The Chrislian Trust was established as a registered charity in 1977 and incorporated as a company in 1993. The
Christian Trust operates as Ellel Ministries and is a non4enominational Christian Mission organisation with a vision
to resource and equip the Church by providing training and personal ministry in Christian healing and discipleship.
We aim lo bring hope, healing and wholeness to the Body of Christ and further equip the Church worldwide through
the principles outlined in Luke 9..11 where Jesus welcomed the people, taught them about the Kingdom of God and
healed those who were in need.
Mission Statement
The mission of the Trust is lo fulfill this vision throughout the world. as God opens the doors, in accordan￿ with the
Great Commission of Jesus and the calling of the Church to proclaim the Kingdom of God by preaching the good
news, healing the broken-hearted and setting the capb'ves free. The Tnjst is therefore committed to evangelism.
healing, deliverance, discipleship, and training. The Board of The Christian Trust is supported by the Executive
Leadership.

THE CHRISTIAN TRUST
TRUSTEES REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Principal Activilies and Main Objectives
The Christian Trust offers, without charge, opportunities for personal prayer by holding evening events, running
healing relreats and through personal ministry appointrnents. There are also a wide variety of other free events and
materials offered. The help received enables individuals to overcome spiritual. emolional, and sometimes physical
problems and difficulties in their lives and enables them to have more productive and fulfilled lives.
The Trust eqLJiPS Others by offering training in Christian healing and discipleship through conferences, short courses,
longer term programs and Ihrough the production and distribution of teaching material (audio. video and books.) The
training offered equips individuals and the Church in how to pray for and help others.
The main objective of the Trust is to continue to help people by offering prayer ministry and training in its established
UK and overseas Cenlres and to develop the work to offer similar opportunities for prayer minislry and training in
other Regions and Countries of the world. The Trust has refe￿ed to the guidance on public benefit provided by the
Charity Commission when reviewing its objectives and planning future activities.
While this report is correctly focussed on the UK Registered Charity. it should be noted that there are a number of
countries around the worfd where teaching and ministry under the Ellel Ministries umbrella takes place and the nature
of this work is currently in the process of re-shaping. A robust structure of Regional Directors has been established to
support and monitor these financially independent operations.
During the latter part of 2024 serious discussions began about the viability of our trK)ok publishing subsidiary.
Sovereign Wodd Lld. Profitability had been a challenge for many years, and the losses had reached unsustainable
levels. An insolvency report was commissioned through an independent accounts.ng fimi early in 2025 which confimied
that Sovereign Wodd Ltd was insolvent. Steps were therefore taken lo place Sovereign World Ltd into volunlary
liquidation, and this look place in March 2025. Alongside this decision was the development of a new strategy for the
continued sale and publication of books through the charity. rather than through a subsidiary company. This would
continue the objectives of the charity but would do so in a more efficient and cost-effective way.
An effective measurelindicator for detemining the ongoing health of the Charity's work, is the financial perfomance
of the centres, the number of events laid on and attendance of said events. and last but not least. adequate and
effective staffing of each cenlre.
With respecl lo our operational aclivities, our primary aims and objectives remain unchanged.
The Chapel which stands in the grounds of Ellel Grange has been derelict ever since the property was acquired by
the Charily in 1986. The Trustees desire to restore the building before further dereliction occurs. Planning permission
was obtained in March 2019 but expired in March 2022 because the project had not commenced. This was primarily
due to the Covid-19 pandemic wilh resources diverted to 5uslain the charity through unprecedented times. However.
there remains a desire to restore the chapel and a fresh planning permission application was submitted and approved
by Lancaster City Council on 20 February 2024.
On 19 February 2024 the proposed development on land surrounding Ellel Grange was refijsed by the Lancaster City
Council Planning Development Committee. The Trustees have subsequently heard that the land owner now intends
to sell the land in question. The Tnjstees continue to keep a dose watch on all potential future developments and will
respond as necessary.

THE CHRISTIAN TRUST
TRUSTEES REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Public Benefrt
The Trustees have had regard to the Charity Commission's guidance on public benefft.
The events organised and the services offered by the Charity are open to anyone upon the understanding thal the
teaching and prayer ministy offered to them will be Christian. The programme of events organised are advertised on
the website https.'Ilellel.uk. Through the application of teaching and Christian prayer ministry, individuals struggling
with a variety of problems are helped to understand the roots of these problems and deal effectively with them so as
to be able to live a more fulfilled life.
Equal access to the ministry is important to the Trustees. The Trust continues to charge for teaching courses whilst
continuing to make personal ministry available free to the public regardless of ra￿, gender, disability, or sexual
orientation. The Trust relies on donations from supporters and sponsors to cover the costs of personal ministry as
well as other free or discounted events.
Through training courses and longer-temi programs attendees are taught how to minister and bring help and healing
to those struggling wilh issues in their lives by the application of Biblical truth. Guests al Ellel Ministries events include
pastors. missionaries. members of Church ministry teams and individuals seeking help and training in the Christian
healing ministry. The Trust sponsors a number of delegates from developing countries on longer programs.
Feedback (written and verbal) from people who have been helped by the Charity confims that the work of the Charity
is posilively irnpacting individuals, lives. The majority of those coming for help do so as a direct result of personal
recommendation by someone previously helped by the work of the Charity.
Visitors from overseas, including many third world nations. tell that what the Charity offers in the UK is desperately
needed in their own counlry. The Trust receives many invitations to bring the work of the Charity to other countries.
The Trustees believe that they have complied with the duty in section 17 of the Charilies Act 2011 to have due regard
to the public benefit guidance published by the Charity Commission.
Our Supporters and Volunteers. Contribution
The prayers and gifts of supporters, which fomi a significant part of the income of the Trust, are greaily appreciated
and are vital for continuing the work. In accordance wilh the original vision, no charge is made for personal ministry
as many who come would be unable to pay for the personal attention they receive. The fees charged for other courses
and longer programs are also kept to a minimum lo ensure that they are accessible to as many people as possible.
However, the fees barely cover the actual costs. and so the Trust is therefore dependent on donation income to make
up the difference.
The work of the Trust is carried out by a paid team of both full and part-lime individuals, amounting at the end of 2024
to 82 people across the Ihree UK centres.
The work is further supported by around 160 volunteer ministry team members who minisler to people on healing
retreats. ministry appointments and during ministry times on courses and longer-term programs. The amount of time
that volunteers make themselves available to help wth the work of the Trust depends on their individual circumStan￿S
and can vary from a few hours a month to as many as five days a week.
The Trustees greally value every member of the full, part-time. and volunteer leams, appreciating their commitment
to the work of the ministry and thank God for every member of the team, induding those who have since moved on
to other work.
The Trustees look forward to continuing this valuable work and ministry under God's guidance and enabling in the
years ahead.

THE CHRISTIAN TRUST
TRUSTEES REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Revlew of Actlvlties and Fulure Developments
In 2024 the work of Ellel Ministries Intemational continued around the world. building on the foundations that have
been carefully laid down by the Trustees and others in previous years. All the overseas operations, Wlth the exceplion
of Ellel Hungary. are legally and financially independent, although the UK Charity periodically makes donations to
help establish and support the ongoing operations of the work in less affluent countries.
All overseas developments are pioneered and ftjnded locally and the￿ are no new liabilities for the UK Charity
associated with any of these extensions of the work. All the overseas ￿￿treS operate according to Ihe principles laid
down for the original UK operations.
The summer of 2024 saw the sixth UK intake of young people on our Undivided gap year programme. and we are
currently able to facilitale overseas and EU nationals joining our team for periods of up to two years, service in the UK
on Temporary Worker- Religious Worker Visas.
Strenuous efforts were made during 2024 to continue to increase operating efficiency and minimise unnecessary
expenditure and the Trustees are grateful for all the supporters who give so generously lo maintain the work in the
UK, enabling the organisation to remain financially slrong, as il spearheads the encouragement of new international
developments and facilitates all that is necessary for the running of a significant wodd-wide charitable work.
Fundwraising Disclosure
As a faith-based organisation, the Charity relies heavily on donation income, the vast majority is donated either online
ordirectlyto the Charity's designated UK bank accounts. We promote donations by a numberofapproaches including
periodic appeals for financial support to those who are supporters of the work. We also adopt the use of charity boxes,
and more recently tap and go contactless card donation points. in our centre reception areas for unspecified ad hoc
donalions which may be given by those attending our ￿ntre$. Occasionally we also take up free will offerings where
appropriate. We actively promole our One in a Thousand and other regular giving schemes to those who come on
courses or attend any of our events and wish to give a specified amounl on a regular basis to support our ongoing
work.
We do not use Ihe services of any professional fundraisers or commercial participators, but we do receive periodic
personal donations given via Stewardship Giving Services. Charilies Aid Foundation Vouchers. and other similar
donor options. This also includes online giving siles, designed to help individuals channel their personal charitable
giving accordingly and in a tax efficient way. We are fully subscribed lo the slandards set by the UK Fundraising
Regulator, as the Trustees consider this to be in the best interests of assuring those wishing to support our work
financially.
There are no known complaints conceming fundraising to ret)ort and the Trustees are mindful of the importance of
continuing to protect vulnerable individuals.. therefore. care is taken to avoid unreasonable intrusion. persistence or
undue pressure when seeking any fom offinancial supporL
Investment Policy
Under Ihe Mernorandum and Articles of Association, the Charilable Company has the power to make any investment
which the Trustees see fit. Investments are made where required to further the aims and objectives of the Charity.
Summary of Income and Expendituro
Unrestricted
Funds 2024
£2,435,498
(£2.548.362)
Restricted
Funds 2024
£86,811
{£103,906)
Total
Total
Funds 2024
Funds 2023
£2,522,309
£5,483,697
{£2.652,268} 1£3.445,316)
(£2,914)
Total incoming reSoU￿S
Total resoLJrces expended
Other gainsllosses
Transfers
Net movement in funds for year
£15,315
(£97,549)
(£15,315)
(£32,410)
{£129,9591
£2.035,467

THE CHRISTIAN TRUST
TRUSTEES REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Going Concern
After making appropriate enquiries, the Trustees have a reasonable expectation that the Charity has adequale
resources to continue in operational existence for the foreseeable future. For this reason. they continue lo adopt the
going concern basis in preparing financial statements.
Reserves Policy
As a Christian Mission, The Christian Trust is committed to fulfilling a God-given vision and is dependent on the
prayers and gifts of supporters for the continuation and development of the work. The three UK freehold properties
currently have a market valuation in excess of their original cost and the financial security provided by the asset value
of these properties is adequate to cover the foreseeable future financial eventualities. In common with many other
charities, the Trust relies on a comprehensive pro￿$$ of budgetsry planning and ongoing financial monitoring. This
enables the identification of potential problem areas and gives the opportunty to take corrective action where
ne￿Ssary.
Following the sale of the Ellel Pierret)ont centre in November 2023, the majority of charities debt was eliminated by
the end of 2023 wth the residual remainder paid off in the first three months of 2024. The legacy of the sale of Ellel
Pierrepont has left the charity with cash reserves of around £1 m at the end of 2024. These have been held in interest
bearing deposit accounts pending a longer term view being taken by the Trustees on poiential investment or
expenditure to further support the operations of the Charity-
The total consolidated funds available as al the end of the year amounted to £5,583,879 {2023: £5,713,838) of which
£168,758 12023= £201.168) is restricted in their future use. Unrestricted free reserves amounted to £5,415,121 {2023=
5,512,670).
Principal Funding
Income to the Trust in 2024 amounted to £2.522.309 (2023 £5.483.697). The main sources of these funds were as
follows..
23.57V/o12023'. 12.9 /ol- Trading company income including media sales
31.53 % {2023.' 22.1 % l - Charitable activities
25.17V/o {2023'. 15.10/DI- Donation income and legacies
17.76°/012023'. 49.9/0)- Sale oflangible assets forcharity use
1.97°/. {2023: 0.00 / )- Investment income
Overall, there has been a net decrease in the Trust fund of £129,95912023 £2,035,467 increase).
Donations
During the year the group made charitable contributions to other organisations and indtviduals amounting to
£133,458 (2023= £259,143}.
Principal Risks and Uncertainties
Details of the Charity's financial risk management objectives and policies are included in note 26 to the financial
statements.

THE CHRISTIAN TRUST
TRUSTEES REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Structure, governance and management
Constitution
The Charity is registered as a company limited by guarantee without share capital and was sel up by a
Memorandum of Association on 24 De￿mber 1993. It is registered under the Companies Act 1985, registration
number 02883771.
The Charity is govemed by its MemorandLJm and Arbcles of Association dated 24 December 1993, as amended by
special resolutions dated 28 September 1994, 18 October 2004. 12 Septernber 2007 and 9 April 2008. Managemenl
of the Charity's affairs is vested in the Trustees as Co-Directors.
The principal object of the Charity is to provide training and personal ministry in Chrislian healing and dIs￿pIeShlp.
In the event of a winding-up, the present members of the Tnjst and those who have ceased to be a member within
one year of such an event have guaranteed the liabilities of the company to the sum not exceeding one pound each.
The memorandum and articles in effect as at 31 December 2024 state that the number of members shall not exceed
fifteen and shall not be less than three.
The Trustees, who are also the directors for the purpose of company law. and who served during the year and up to
Ihe date of signature of the financial statements were=
Mr M J Moore
Mr P Chambron
MrPARyan
Mr R W Steel
Mr K B Bandy
Method of Appoinlment or Election of Trustees
The management of the Charity is the responsibility of the Trustees who are elected and co-opted under the temis of
the Artides of Association. All newly appointed Trustees and rnembers require approval from the current Trustee
Board.
Pollcles Adopted for the Inductlon and Tralnlng of Trustees
Newly appointed Trustees are provided with a comprehensive induction to The Christian Trust through the provision
of in-house training.
Pay Policy for Senior Staff
Total remuneration of £35.946 {2023= £58.0601 was paid to Trustees during the year. The remuneration paid to the
Trustees and other senior staff such as Centre Directors is reviewed regularly by the Trustees and the Executive
Leadership of Ellel Ministries. The rates of remuneration are set in line with the respective roles carried out within the
organization.
The remuneration also takes into account the benefits received by the employees, for example full accommodation
and board when provided. A review of pay policy took pla￿ during 2024 resulting in some increases for lower paid
staff and those living onsile at our centres.

THE CHRISTIAN TRUST
TRUSTEES REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Organisational Structure and Decision Making
The Executive Leadership, which includes all the current Trustees of The Christian Trust, is the group which direcls
Ihe work of Ellel Ministries Intemalional. in accordance with the vision and mission God gave to the ministry. The
Executive Leadership meets on a regular basis and the Centre Directors and their centre leadership teams manage
the day-to-day operations of the Charity. The govemance arrangements of the Charity are clear in that the key body
in the Charily is the Executive Leadership. However, Ihere is fvll rec(¥Jnition that tl is the Trustees who carry the legal
responsibility for the Charity in the UK, and only Trustees can vote on issues concerning legalities.
The Trustees hold separate meetings on a regular basis to exercise good governan￿ of the Charity and maintain a
wider oveNiew of key issues of concem to the UK Charities Commission and act accordingly.
The current Executive Leadership (at the end of 2024) are as follows:
MrAJ Taylor Mrs C Taylor Mr P Brokaar Mr K Bandy Mr P Chambron Mrs L Hanekom
MrT Kovacs Mr M Moore Mr P Ryan
Mr H Redelinghuys Mr R Steel.
Related Party Transactions
Transactions with related parties are disclosed in note 27 to the financial statements and in accordance with paragraph
33 of the SORP (Accounting and Reporting by Charities: Statement of Recommended Practice {effective l January
20151).
Rlsk Managemenl
The Truslees have assessed the major risks to which the Charity is exposed. in parbcular those related to the
operations and finances of the Charity and are satisfied that systems and procedures are in place to mitigate our
exposure to the major risks.
Subsidiary Companies
As of 31 December 2024 in the UK the group operates through the following wholly owned subsidiary companies..
Ellel Ministries Limited - Intemiediale holding company
Sovereign-world Limited - BcM)k publisher and book and other media retailer
Glyndley Manor Estates Limited
Managemenl of estate residences at Glyndley Manor
Overseas Education Trust Limited - Inlermediate holding (x￿￿panY
med1te￿nean Tours Limited
Facilitator of overseas tours
All of the active UK subsidiaries are involved in trading both to raise additional funds for the Charity and also to further
the charitable objectives.
The Charity started 2023 holding approximately 73.8°A of the issued share capilal of TCT Properties No1 Limited, a
company holding investment propety- Following a share buyback initiative this increased to 100 % in eady 2024.
The share capital of TCT Properties No1 Limited is divided into Ordinary shares and A Ordinary sha￿5 of £1.000
each. the Ordinary share has as many additsonal voles as are required to defeat or pass a resolution. The Christian
Trust hold the only Ordinary share in issue. On this basis it is deemed that The Christian Trust has full control over
TCT Properties No1 Limited and the results of TCT Properties No1 Limiled have been included in Ihe consolidaled
financial statements.
The work in Hungary is undertaken through Ellel Ministries Hungary Kft, a wholly owned subsidiary ofThe Christian
Trust and the Hungarian Christian Trust Magyar known locally as Kereszteny Alapitvany.
In 2025 we have undertaken work to streamline the subsidiary operations by making efforls lowards winding up
Sovereign World Ltd. med11e￿anean Tours Ltd and TCT Properties No1 Limited as they have now fulfilled the
purposes for which they were originally established. The Trustees view this as prudent management of risk in the
furtherance of our charitable objectives.

THE CHRISTIAN TRUST
TRUSTEES REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Associaled Entities
other overseas work is undertaken through locally incoo)orated companieslcharities established in the county that
Ihe work is taking place. As at Ihe 31 D￿rnber 2024 the main local entities (other than subsidiaries) are..
Ellel Ministries Auslralia Lld
Ellel Ministries Canada Inc
Ellel Ministries Denmark
Ellel Ministries Germany
Ellel Ministries Lafvia
Ellel Ministries Rwanda
Ellel Ministries Sweden
Ellel Ministries Aotearoa New Zealand
Ellel ministn.es Croatia
Ellel Ministries Finland
Ellel Minislries India
Ellel Minislries NetherlarKJs
Ellel Slovenia
Ellel Ministries USA Inc.
Ellel Ministries Belgium
Ellel Czech Republic
Ellel Ministries France
Ellel Ministries Kenya
Ellel Ministries Norway
Ellel Ministries South Africa
Each entity has signed a licence agreement with The Christian Trust agreeing that their policies. practices and
objectives will be in accord with those of The Christian Trust.
The Trust also has appointed representatives in BelaTUS. Curacao. Serbia and Papua New-Guinea to Co-ordinate the
work in those places which is generally carried out with help from other established Centres. We also have an
established team working on the ground in the Ukraine.
Qualifying Third Party Indemnity Provisions
During the year and at the date of approval of the Directors. report. qualifying third party indemnity provisions were in
place in respect of Ihe Trustees.
Trustees. Responsibilities Statement
The Trustees {who are also Directors of The Christian Trusl for the purposes of company lawl are responsible for
preparing the Trustees, annual report and the financial statements in accordan￿ with applicable law and United
Kingdom Accounting Standards (United Kingdom Generally A￿pIed Accounting Practice).
Company law requires the Trustees to prepare financial statements for each financial year which give a true and fair
view of the stale of affairs ofthe Charitable Company and the group and of the incoming reSoUr￿S and application
of resources, induding the income and expenditure, of the Charitable Group for thal period.
In preparing these financial statements. the Trustees are required lo:
select suitable accounting policies and then apply them conslslen￿Y.'
observe the methods and principles in the Charities SORP-
make judgments and accounting estimates that are reasonable and prudent-
state whether applicable UK Accounting Standards have been followed. subject to any material departures
disclosed and explained in Ihe financial statements.,
prepare the financial stalements on the going concem basis unless it is inappropriate to presume that the
charitable group will continue in operation.
The Trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any
lime the financial position of the charitable group and enable them to ensure that the financial statements comply with
the Companies Act 2006, the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts
{Scotland) Regulations 2006 las amended).
They are also responsible for safeguarding the asseis of the chariiable company and the group and hence for taking
reasonable steps for the prevention and deteclion of fraud and other i￿egUlaritieS.
Auditor
Xeinadin Audr( Limited were appointed as auditor to the company and a resolution proposing that Ihey be re-
appointed will be put at a General Meeting.

THE CHRISTIAN TRUST
TRUSTEES REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Disclosure of Information to Auditor
Each of Ihe persons who are Truslees at the time when this Trustees. RetX)rt is approved has confimed Ihal..
so far as thal Trustee is aware. there is no relevant audit infomiation of which the charitable group's auditor
is unaware. and
that Trustee has taken all the steps that ought to have been taken as a Trustee in order to be aware of any
relevant audit information and to establish that the charitable group's auditor is aware of that information.
The Trustees report was approved by the Board of Tnjstees.
Mr M J Moore
Chair of Trustees
Dale..
Dec 17, 2025

THE CHRISTIAN TRUST
INDEPENDENT AUDITOR'S REPORT
TO THE MEMBERS OF THE CHRISTIAN TRUST
Opinion
We have audited the financial statements of The Christian Trust (the 'charitable parent company,) and its
subsidiaries (the 'group') for the year ended 31 December 2024 which comprise the consolidated statement of
financial activities, the consolidated balan￿ sheet. the balan￿ sheet. Ihe consolidated statement of cash flows
and notes to the financial statements, including significant accounting policies. The financial reporting framework that
has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including
Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic ol
Ireland (United Kingdom Generally Accepted Accounting Practice}.
In our opinion, the financial slatements-
give a true and fair view of the state of the charitable company's affairs as at 31 December 2024 and of its
incoming resources and application of resour￿$, including its income and expenditure, for the year then ended.,
have been properfy prepared in accordan￿ with United Kingdom Generally Accepted Accounting Practice,. and
have been prepared in accordance with the requirements of the Companies Act 2006, the Charities and Trustee
Investment {ScoUand) Act 2005 and regulation 8 of the Charities Accounts {Scoland) Regulations 2006.
Basis for opinion
We conducted our audit in accordance with Intemational Standards on Auditing (UK) IISAS IUK}) and applicable law.
Our responsibilities under those standards are further described in the Auditorfs ￿sponSibl11t1eS for the audit of the
Inancial statements section of our report. We a￿ independent of the charity in accordance with the ethical
requirements that are relevant lo our audit of the financial ststements in the UK, including the FRC'S Elhical Standard,
and we have fulfilled our other ethical responsibilib'es in accordance with these requirements. We believe that the
audit evidence we have obtsined is sufficient and appropriate to provide a basis for our opinion.
Conclusions relating to going concern
In audiling the financial stalements, we have concluded that the Trustees use of the going concem basis of accounting
in the preparation of the financial slatemenls is appropriate.
Based on the work we have perfomed, we have not identified any material uncertainties relaling to events or
conditions that, individually or collectively. may cast significant doubt on Ihe charity's ability to continue as a going
concern for a period of at least twelve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the Trustees with respect to going concem a￿ described in the relevant
sections of this report.
Other information
The other inforniation comprises the infomiation included in the annual report other than the financial statements and
our auditorfs report the￿on. The Truslees a￿ responsible for the other infom)ation contsined within the annual ret)ort.
Our opinion on the financial statements does r￿t cover the other infomiation and. except lo the exlenl otherwse
explicitly stated in our report, we do not express any fomi of assurance conclusion thereon. Our responsibility is lo
read the other infomiab'on and, in doing so, consider whether the other infomation is materially inconsistent with the
financial statements or our knowledge obtained in the course of the audit. or otherwise appears to be materially
misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to
detemiine whelher this gives rise to a material misstatement in the finanoal stalements themselves. If, based on the
work we have performed, we conclude that there is a material misstalement of this other information, we are required
to report that fact.
We have nolhing to report in this regard.
10-

THE CHRISTIAN TRUST
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE MEMBERS OF THE CHRISTIAN TRUST
Opinions on other matters prescribed by the Companies A¢t 2006
In our opinion, based on Ihe work undertaken in the course of our audit
the information given in the Trustees report for Ihe financial year for which the financial statements are prepared,
which includes the directors, ￿port prepared for the purposes of company law, is consislent with the finanaal
statements- and
the directors, report included within the Trustees report has been prepared in accordance with applicable legal
requirements.
Matters on which we are required to report by exception
In the light of the knowledge and understanding of the charity and its environment obtained in the course of the
audil, we have not identified malerial misstatements in the directors. report included within the Trustees report.
We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 and the
Charilies Accounts (Scotland) Regulalions 2006 require us to report to you if. in our opinion=
adequate and proper accounting records have not been kept. or retums adequate for our audit have not been
received from branches not visited by us., or
the financial statements are not in agreement with the a(uunting records and retums" or
certain disclosures of trustees. remuneration specified by law are not made; or
we have nol received all the infomation and explanations we require for our audit., or
the Trustees were not entitled to prepare the financial statements in accordance with the small companies
regime and take advantage of the small companies. exemplions in preparing the Trustees report and from the
requirernent to prepare a strategic reporl.
Responsibilities of Truslees
As explained more fully in the statement of Trustees responsibilities. the Trustees, who are also the directors of the
charity for the purpose of company law. are responsible for the preparation of the financial statements and for being
satisfied that they give a true and fair view, and for such intemal control as the Tnjslees determine is necessary lo
enable the preparation of financial staternents that are free from material misstatement, whether due to fraud or e￿Or.
In preparing the financial statements. the Trustees are responsible for assessing the charity's ability to continue as a
going concern, disclosing, as applicable, matters related to going cOn￿M and using the going concern basis of
accounting unless the Trustees either intend to liquidate the charitable company or to cease operations, or have no
realistic altemative but to do so.
Audltorfs responslbilltles for the audit of the financlal statements
We have been appointed as auditor under section 44{1 }Ic) of the Charities and Trustee Investment (Scolandl Act
2005 and under the Companies Act 2006 and report in accordance with the Acts and relevanl regulalions made or
having effect thereunder.
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from
material misstatement. whether due to fraud or error, and to issue an audilorfs report Ihal includes our opinion.
Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with
ISAS (UK) will always detect 2 material misstatement when it exists. Misstatements can arise from fr8ud or error and
are considered material if. individually or in the aggregate. they could reasonably be ex[￿Cted to influence the
economic decisions of users taken on the basis of these financial statements.
The extent to which our pro(%dures are capable of detecting irregularities. including fraud. is detailed below.
Identifying and assessing potential risks related to irregularities
In idenlifying and assessing risks of material misstalement in respect of irregularities including fraud and on compliance
with laws and regulations we have considered the following
the nature of the industry and sector, control environment and business performance including the company
remuneration policies, key drivers for directors remuneration, bonus levels and performance targets.,
results of enquiries of management about their identification and assessment of the risks and irregularities.,

THE CHRISTIAN TRUST
INDEPENDENT AUDITOR'S REPORT (coKfiNUED)
TO THE MEMBERS OF THE CHRISTIAN TRUST
Any matters VA havè identifièd havwwj ok*ained orKI Ihe uryanvs dO¢￿￿tiOn of their polld
and procedures relatlng to:
Identifyfjng. evaluating and toryA￿ With ￿w5 ￿MI regulalions and they were aware of any
instances of nonacompliance:
detecting and responding to the rtsks of fraud they have knowledge of any actual.
suspected or alleged fraud;
the intemal controls established to risks offra￿1 or non￿MplI￿￿e 7h•th laws and regulations:
the matter5 di$cussed amory the audit erwement team regathw how and *l)er• fraud might cmir
in the financw stslw)wnts arKI any Fthntial In¢Jcators of fraud.
As a resutt of these procedLWeS we ¢￿)SIder0d tho opportunit*s and incentives that may exist *ithin tho oryanisalion
lor fraud and identhfied the greatest potential for fraud in the folltytying areas . tlming and recognrlion of Incomè. value
of stock. In common wth all audits ISAS (UK). we arn also regured to pwform Speafic Fxocedures to respond to
the nsk ol managemnt oveThide.
We also ¢)bta'n8d an underslwKling of the legal and regu￿tory framew(*ks that the c(¥npany operates In, focuslng on
rNovisions of thoso laws and regulati￿￿ that had a direct effert on the deterniination of material amounts and
th'sdosur8s in the finanual statements. The key laws and re9ulatlons w8 consid8r*a in this context included tho
Companlos Act, Hoalth and Safety, emploJTr8nt Ivw. pensicms18gislatKm and tax18gislal1￿. In addits'on, we conslderod
provisions of other laws and regulations that do Mt have a diract 8ffocl rffi the finanrial stat8m8nts but complkgnce wllh
whl¢h may be lundament￿ to tho cornpanvs abilty to operate or to aviml a material penalty.
A further descrlptlon of our resp￿sIbl1t1es ts avalabl8 on thè Fmndal Repordng Councll'8 webslto aL" httpsjl
www.frc.org.uk1auditorsre8p￿Slb1llt1e$. This des¢ripb'on forn￿ ol our auditorfs rewt.
U8• of our r•port
This report Is made soldy to the charitable c(Nwrfs nwthrs, as a body, In accord•)cè ¥•ith Chaptgr 3 of Part 16
of the Companiès Act 2006. al￿ to the chanlable trustees, as 8 body. in acCfjrrl￿ce vAth Regulati¢)n 10
of the Charitios Accounts {SLvUand) Regulatsons 2006. Our audit wrffk has baen undortaken so that we might stat8
to the charitable company's men*ers and tNstees Ihos8 matt8rs we are requThl to slate to them ￿ an auditorfs
roport and for no olhef purpose. To Ihe Ivllest extenl pernitted by law. we do not accept or assume responslbllity to
anyone other than chaiitable company. Ihe tharilarfe company's memberys as a body and the charitable
company's trustees as a body, for our ￿dIt for rew( or for the opinoons have fomxd.
And
•ylo
nlor Statytory Audltor)
For and on behatt of XeinadinAudit ￿Mited, StabJtryyAuditor
Acc￿ntantS
116 Duke Street
Liverpwl
L1 5JW
12-

THE CHRISTIAN TRUST
CONSOLIDATED STATEMENT OF FINANCIALACTIVITIES
INCLUDING CONSOLIDATED INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 DECEMBER 2024
Unrestricted Restricted
funds
fvnds
2024
2024
Total Unrestricled Restricted
funds
funds
2023
2023
Total
2024
2023
Notes
Income and endowmenls from:
Donations and legacies
Charitable activities
Other trading activities
Investrnent income
Other income
548,037
795,248
594,584
49,673
447.956
86,811
634,848
795,248
594,584
49,673
447,956
714,770
1,209,563
699,029
48
2.734.569
111,908
3,(K)O
10,810
826,678
1,212,563
709,839
48
2.734,569
Total income
2,435.498
86.811 2.522,309
5.357.979
125.718 5.483,697
Expenditure on:
Charitable acbwties
2,548.362
103,9)6 2,652,268
3,297,806
147,510 3,445,316
Totsl expenditure
2.548,362
103,W6
2,652,268
3,297,806
147,510
3,445,316
Net incomellexpenditure)
(112.864}
117.095) (129,9591
2.￿0,173
{21,792)
2,038,381
Transfers bet￿een
funds
15,315
{15,315)
318,170
(2.9141
(318,1701
Other losses
12,9141
Net movement in
funds
(97.549)
{32.410) (129.959)
2.375.429
1339.9621 2.035.467
Reconclllatlon of funds:
Fund balances brought
forward
5,512,670
201,168 5,713,838
3,137,241
541,130
3,678,371
Fund balances carried
forward
5,415,121
168,758
5,583,879
5,512,670
201,168
5,713,838
The statement of financial activities includes all gains and losses recojnised in the year. All income and expendilure
derive from continuing activities.
13-

THE CHRISTIAN TRUST
CONSOLIDATED BALANCE SHEET
ASAT 31 DECEMBER2024
2024
2023
Notes
Fixed a55ets
Intangible assets
Tangible assets
Investment propety
14
15
16
182,770
2,891,686
1.326.000
213,890
3,059,617
786.000
4.400.456
4.059,507
Current assets
Stocks
Debtors
Cash at bank and in hand
18
19
49,
238.259
1,332.483
68,847
265,370
2,363.870
1.620.448
2,698.087
Creditors: amounts falling due within
one year
21
(306,954)
(856,9361
Net current assets
1.313.494
1,841,151
Total assets less current liabilities
5.713.950
s,￿0,658
Creditors: amounts falling due after
more than one year
(130.071)
{148,820)
Net assets
5,583,879
5,751,838
The funds of the ¢harity
Restricted income funds
Unrestricted funds
168.758
5,415,121
201,168
5,512,670
Total charity ftjnds
25
5,583,879
5,713,838
Minority interest
38,000
Total Funds
5.583.879
5,751,838
Dec 17, 2025
The financial statements were approved by the Trustees on .........................
Mr M J Moore
Chairman and trustee
Company registration number 02883771 {England and Wales)
14-

THE CHRISTIAN TRUST
BALANCE SHEET
AS A T31 DECEMBER 2024
2024
2023
Notes
Fixed assets
Intangible assets
Tangible assets
Investment propety
Invesknents
14
15
16
17
182.770
1,919,475
1.076,000
850,304
200,502
1,966,698
536,01)0
785,400
4.028.549
3,488,600
Current assets
Stocks
Debtors
Cash at bank and in hand
18
19
7.419
256,838
2,347.589
220.084
1.317.636
1.537,720
2,611,846
Creditors: amounts falling due within
one year
21
(305,642}
(321,0001
Net cuThent assets
1.232.078
2,290,846
Total assets less current liabilities
5.260,627
5.779,446
Creditors: amounts falling due after
more than one year
(117,072)
(135,822)
Net assèts
5.143,555
5.643,624
The funds of the charity
Restricted income funds
Unrestricted funds
168.758
4,974.797
201,168
5.442,456
5,143,555
5,643,624
Dec 17, 2025
The financial stalements were approved by the Trustees on .........................
Mr M J Moore
Chairman and trustee
Company registration number 02883771 {England and Wales)
15-

THE CHRISTIAN TRUST
CONSOLIDATED STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 DECEMBER 2024
2024
2023
Notes
Cash flows from operating activities
Cash (absorbed byllgenerated from
operations
(513.2721
2,129,286
Investing activities
Interest receivable and similar income
Purchase of intangible assels
Purchase of tangible fixed assets
Proceeds from disposal of tangible fixed
assets
Purchase of inveslments
Movement in minority interest
49,673
{8.631 }
(46.8991
{64.056)
5.542
{64.9)4)
2.261,503
1366.0001
{60,0001
Net cash (used in)Igenerated from investing
activities
{65,219}
1,771,495
Financing activities
Overdraft
Interest paid
Repayment of bank loans
Payment of finance leases obligations
10,171
16,480)
{454,942)
{1.645)
20,434
12.435,4431
1.191
Net cash (used in)Igenerated from financing
activities
(452.896}
(2,413,818)
Net {de¢reasellin¢rease in cash and cash
equivalents
11.031,387)
1.486,963
Cash and cash equivalents at beginning of year
2.363.870
876,9)7
Cash and cash equlvalenls at end of year
1,332,483
2,363,870
16-

THE CHRISTIAN TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Accounting policies
Charity inforniation
The charity is limited by guarantee, incorporated in England and Wales. and consequently does not have share
capital. Each of the trustees is liable to contribute an amount not ex￿edIng £1 towards the assets of the charily
in the event of liquidation. It is also a registered charity in England and Wales. and in Scotland.
The address of its registered Offi￿ is: Ellel Grange, Ellel, Lancasler, Lancashire, LA2 OHN
1.1 Basis of preparation
The financial statements have been prepared in accordance with the charity's goveming document, the
Companies Act 2006, the Charities and Trustee Investment (Scotland) Act 2005, the Charilies Accounts
(Scolland} Regulations 2006. FRS 102"The Financial Reporting Standard applicable in the UK and Republic of
Ireland. and Ihe Charitie5 SORP"Accounting and Reporting by Charitie5'. Ststement of Recommended Practice
applicable to charities preparing Iheir accounls in accordance with the Financial Reporting Standard applicable
in the UK and Republic of Ireland (FRS 102)- The charity is a Public Benefit Entity as defined by FRS 102.
The finanaal statements are prepared in steding. which is the functional currency of the charity. Monetary
amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention, modified to include the
revaluation of freehold properties and to include investment properties and certain financial instruments at fair
value. The principal accounting policies adopled are set out below.
Basis of Consolidation
The consolidated financial statements consolidate the financial ststements of the charity and its subsidiary
undertakings drawn up to 31 December 2024.
No ststement of financial activities is presented for the charity as peThitted by section 408 of the Companies
Act 2006. The charity made a deficit aftertax for the financial year of£500.06912023- surplus of£2.122.8461
Inter-company transaclions, balan￿S and unrealized gains on transactions between the charity and its
subsidiaries, which are related parties. are eliminated in full.
Intra-group losses are also eliminated but may indicate an impairment that requires recognition in the
consolidated financial statements.
Accounting policies of subsidiaries have been changed where necessary to ensure consistency with the policies
adopted by the group. Non-controlling interests in the net assets of consolidated subsidiaries are identified
separately from the group's equity the￿In. Non-controlling interests consist of the amount of those interesls at
the date of the original business combination and the non-controlling shareholder's share of changes in equity
since the date of the combination. Total comprehensive income is attributed to nonwcontrolling interests even if
this results in the non-controlling Inte￿Sts having a deficit balance.
1.2 Going concem
At the lime of approving the financial slatemenls. the Trustees have a reasonable expectation Ihal the charity
has adequate resources to continue in operational existence for the foreseeable future. Thus the Trustees
continue to adopt the going COn￿M basis of accounting in preparing the financial statemenls.
17-

THE CHRISTIAN TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
1.3 Charitable funds
Unrestricted funds are available for use at the dISc￿tion of the Trustees in furtheran￿ of their charitable
objectives.
Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The
purt)oses and uses of the restricted funds are set out in the notes to the financial statements.
Endowment funds are subject to specific conditions by donors that the capital must be maintained by the charity.
1.4 Income
Income is recognised when the charity is legally entilled to it after any perfom)ance conditions have been met,
the amounts can be measured reliably. and it is probable that income will be received.
Cash donations are recognised on receipt. Olher donations are recognised once the charity has been notified
of the donation. unless perfomiance conditions require deferral of the amount. Income tax recoverable in relation
to donations received under Gifi Aid or deeds of covenant is recognised at the time of the donation.
Legacies are recognised on receipt or otherwise rf the charity has been notified of an impending distiibution, the
amount is known, and ￿elp1 is expected. If the amount is not known, the legacy is treated as a contingent
asset.
1.5 Expenditure
Expenditure is recognised once there is a legal or constTUCtive obligation to transfer economic benefit to a third
party, it is probable that a Iransfer of economic benefits will be required in settlement, and the amounl of the
obligation can be measured reliably.
Expenditure is dassified by activity- The costs ofeach activity are made up ofthe total of direct costs and shared
cosls, including support costs involved in undertaking each activity. Direct costs attributable to a single activily
are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs
which are not attributable to a single activity are apportioned belween those 8Ctivities on a basis consistent with
the use of resources. Central staff costs are allocated on the basis of time spent, and depreciab'on charges are
allocated on the portion of the asset's use.
1.6 Research and development expenditure
Research expenditure is written off against profits in the year in which it is incurred. Identifiable development
expenditure is capitalised to the extent that the technical, commercial and financial feasibility can be
demonstrated.
1.7 Intangible fixed assets other than goodwill
Intangible assets acquired separately from a business are recognised at cost and are subsequently measured
at cost less accumulated amortisation and accumulated impaimenl losses.
Intangible assets acquired on business combinations are rec(NJnised separately from goodwill at the acquisition
date where it is probable that the expected future economic benefits that are attributable to Ihe assel will flow
to the enlity and the fair value of the asset can be measured reliably- the inlangible asset arises from contractual
or other legal rights,. and the intangible asset is separable from the entity.
Amortisation is rewnised so as to write off the cost or valuation of assets less their residual values over their
useful lives on the following bases..
Development costs
over 10 years
18-

THE CHRISTIAN TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Accounting policies
(Continued)
1.8 Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of
depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their
useful lives on the following bases..
Freehold land and buildings
Plant and equipment
Fixtures and fitbngs
Motor vehicles
over the lrfe of the lease
25% straight line basis
10 /0 to 33 /0 Straight line basis
25Yo Straight line basis
Freehold land is not depreciated.
The gain or loss arising on the disposal of an asset is detem)ined as the difference between the sale proceeds
and the carrying value of the assel, and is recognised in the statement of financial activities.
1.9 Investment propety
Investment propety, which is propety held to eam rentals andlor for capital appreciation. is initially recognised
at cost, which includes the purchase cost and any diredy attributable expendilure. Subsequenuy it is measured
at fair value at the reporting end date. The surplus or deficit on revaluation is recognised in profit or loss.
Property rented to a group entity is accounted for as tangible fixed assets.
1.10 Fixed asset investments
Fixed asset investments are initially measured at transaction price exduding transaction costs. and are
subsequenuy measured at fair value at each reporting date. Changes in fair value are recognised in net
incomellexpenditure) for the year. Transaction costs are expensed as incurred.
A subsidiary is an entity controlled by the charity- Control is the power to govem the financial and operating
policies of the entity so as to obtain benefits from its activities.
1.11 Impairment of fixed assets
At each reporting end date, the charity reviews the carying amounts of its tangible and intangible assets to
determine whether there is any indication thal Ihose assets have suffered an impairment loss. If any such
indication exists, the recoverdble amount of the asset is estimated in order to determine the extent of the
impairment loss lif anyl-
1.12 Stocks
Stocks are staled at the lower of cost and estimated selling Price less costs to complete and sell. Cost comprises
direct materials and. where applicable. direct labour costs and those overheads that have been incurred in
bringing the stocks to their present location and condition. Items held for distribution at no or nominal
consideration are measured the lower of repla￿ment cost and cost.
Net realisable value is the estimated selling price less all estimated costs of completion and costs to be incurred
in marketing, selling and distribution.
1.13 Cash and cash equlvalents
Cash and cash equivalents include cash in harKI, depK)sits held at call with banks, other short-term liquid
investments with original maturities of three months or less. and bank overdrafts. Bank ovenlrafts are shown
within borrowings in current liabilities.
19-

THE CHRISTIAN TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Accountlng pollcles
{Contlnued)
1.14 Financial instrurnents
The charity has elected to apply the provisions of Section 11 'Basic Financial Instruments, and Section 12 '0ther
Financial Instruments Issues, of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the charity's balance sheet when the charity becomes paty to the
contractual provisions of the instrument.
Financial assets and liabilities are offset. with the net amounts presented in the financial statements, when there
is a legally enforceaNe right to set off the rec(MJnised amounts and there is an intention to setlle on a net basis
or to realise Ihe asset and settle the liability simultsneously.
Basic financial assets
Basic financial assets, which include debt0￿ and cash and bank balan￿s. are initially measured at transaction
price including transaction costs and are subsequendy carried at amortised cost using the effective interest
method unless the arrangemenl constitutes a financing Iransaction, where the transaction is measured at the
present value of the future receipts discounted at a market rate of interest. Financial assets classified as
receivable within one year are not amortised.
Basic financial liabilities
Basic financial liabilities, including creditors and bank loans are initially recognised at Iransaclion pri￿ unless
the a￿angement constitutes a financing transaction. where the debt instrument is measured at Ihe present value
of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within
one year are not amortised.
Debt instruments are subsequently carried at amortised cost. using the effective interest rate method.
Trade creditors are obligations lo pay for goods or services that have been acquired in the ordinary course of
operations from suppliers. Amounts payable are classified as current liabilits.es if payment is due within one year
or less. If not. they are presented as non-current liabilities. Trade creditors are recognised initially at transaction
price and subsequently measured at amortised cost using the effective interest meth(Kl.
De￿ognitiOn of financial liath"lities
Financial liabilities are derecognised when the charity's contractual obligations expire or are discharged or
can￿lled.
1.15 Employee benefits
The cost of any unused holiday entidement is recognised in the period in which the employee's seN1￿$ are
received.
Termination benefits are recognised immediately as an expense when the charity is demonstrably committed
lo teminate Ihe employment of an employee or to provide temination benefits.
1.16 Retirement benefrts
Payments to defined contribuknon retirement benefit schemes are charged as an expense as they fall due.
-20-

THE CHRISTIAN TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Accountlng pollcles
{Contlnued)
1.17 Leases
Leases are classified as finance leases whenever the tems of Ihe lease transfer substantially all the risks and
rewards of ownership to Ihe lessees. All other leases are classified as operating leases.
Assets held under finance leases are recognised as assets at the lower of the assets fair value at the dale of
inception and the present value of the minimum lease payments. The related liability is included in the balance
sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements.
The interest is charged to net income1{expenditu￿I for the year so as to produce a constant periodic rate of
interest on the remaining balance of the liability-
Critical accounting estirnates and judgements
In the application of the charity's accounting policies, Ihe Trustees are required lo make judgements, estimales
and assumplions about the carrying amount of assets and liabilities that are not readily apparent from other
sources. The estimates and associated assumptions are based on historical experience and other factors that
are considered to be relevant Actual resulis may differ from these estimates.
The eslimales and undedying assumptions are reviewed on an ongoing basis. Revisions to accounb'ng
estimates are recognised in the period in which the estimate is revised where the revision affects only that
period, or in Ihe period of the revision and fvture periods where the revision affecls both current and fulure
periods.
21

THE CHRISTIAN TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Income from donations and legacies
Unrestricted Restricted
funds
funds
2024
2024
Totsl Unrestricted
funds
2023
Restri¢ted
funds
2023
Totsl
2024
2023
Donations and legacies
548.037
86.811
634,848
714.770
111,908
826,678
548,037
86.811
634,848
714.770
111,908
826,678
Income from charitable activities
Unrestricted Restricted
funds
funds
2024
2024
Total Unrestricted Restricted
funds
funds
2023
2023
Total
2024
2023
Training and conferences
795,248
795,248
1.209.563
1,212.563
795,248
795,248
1,209,563
3,000
1,212.563
Other trading activities
Unrestricted Restricted
funds
funds
2024
2024
Total Unrestricted Restricted
funds
funds
2023
2023
Total
2024
2023
UK propety rental
Overseas cenlres
Publishing sales
UK bookshop sales
Other income
171.156
93.941
109.491
113
219,883
171,156
93,941
109,491
113
113,381
170,988
66,842
116,976
8,119
336.104
170,988
66,842
116,976
8,119
346,914
10,810
594,584
594,584
699,029
10,810
709,839
22-

THE CHRISTIAN TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Investment income
Unrestricted Restricted
fvnds
fvnds
2024
2024
Total Unrestricted
funds
2023
Restricted
funds
2023
Total
2024
2023
Interest receivable and
similar income
49.673
49.673
48
49.673
49.673
48
Other income
Unrestricted Restricted
funds
funds
2024
2024
Total Unrestricted Restricted
funds
funds
2023
2023
Total
2023
Gains on sale of tangible
fixed assets for charity's
own use
447.956
447.956
2,734,569
2.734,569
447,956
447,956
2,734,569
2,734,569
-23-

THE CHRISTIAN TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Expendlture on ¢harltsble advllies
Charitable
activities
2024
Charitable
activities
2023
Direct Cosls
Staff costs
Depreciation and impaimient
Rent & rates
Professional fees
Electricity, gas and water
Insurance
Courses, catering costs & retreats
Propety and equipment repairs
Communications & computer costs
Audit & accountsncy
Printing, postage & stationary
Charitable donations
Household & laundry
Motor, travel & subsistencE
Marketing & publicity
Other & staff costs
Bank charges & interest
Foreign exchange differences
{Profityloss on disposal of tangible fixed assets
102,601
954,078
142,943
65,187
109.497
199,053
26.551
203,735
129,895
1,215,469
205,287
89,411
59,540
347,461
60,077
312,374
li
265.882
95.418
22.970
26.236
133,458
74.882
46.941
26.616
114.991
39.371
1,858
188,361
145,897
41,531
34,833
150,730
120,351
59,217
12,854
19,834
243,567
(5,3421
13,969
2,652,268
3.445,316
Analysis by fund
Unrestricted funds - general
Restricted fvnds
2,548,362
103.906
3,297,806
147,510
2,652,268
3,445,316
Net movement in funds
2024
2023
The net movement in funds is stated after Chargin￿(crediting).
Fees payable for the audit of the charity's financial statements
Depreciation of owned tangible fixed assets
Profit on disposal of tangible fixed assets
Amortisation of intangible assets
22,970
36,100
116,580
171,637
1447,9561 (2.734,569)
26,363
25,181
-24-

THE CHRISTIAN TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
10 Trustees
During the year remuneration of £35,946 (2023.. £58.060) was paid to trustees of the parent charity in line with
the goveming document of the charity- The remuneration packages of the trustees are to compensate for their
work for the charity- Full details of payments to trustees are included in note 26 to the financial statements.
During the year retirement benefits were accruing to 1 trustee (2023.. 1) in respect of defined contribution
pension schemes.
11 Employees
The average monthly number of employees during the year was:
2024
Number
2023
Number
82
Employment Costs
2024
2023
Wages and salaries
Social security costs
Other pension cosL8
881,021
57,075
15,982
1.157,200
48,877
15,372
954,078
1,221,449
No employee received emoluments of more than £60,000 during the year.
12 Auditors, remuneration
2024
2023
Audit of the financial statements
22.970
36,100
Other fees to auditors
Taxation Complian￿ seN1￿$
2,250
13 Taxation
The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.
-25-

THE CHRISTIAN TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
14 Intsngible fixed assets
Group
Development
Cost
At 1 January 2024
Additions - separately acquired
255,000
8,632
At 31 December 2024
263,632
Amortisation and impairnient
At 1 January 2024
Amortisation charged for the year
54,499
26,363
At 31 December 2024
80,862
Carrying amount
At 31 December 2024
182,770
At 31 December 2023
200.502
Charity
Development
Cost
At 1 January 2024
Additions - separately acquired
255,000
8,632
At 31 December 2024
263,632
Amortisation and impairnient
At 1 January 2024
Amortisation charged for the year
54,499
26,363
At 31 De￿mber 2024
80,862
Carrying amount
At 31 December 2024
182,770
At 31 December 2023
200,502
-26-

THE CHRISTIAN TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
15 Tangible fixed assets
Group
Freehold land
and buiklings
Plant and Fixtures
equhpment
fft¢in95
Motor
vehicles
Total
Cost
At 1 January 2024
Addilions
Disposals
3.640.306
13.649
8,795
900,978
18,116
{2,059)
34,850
4,589,783
19,988
46,899
14,250) {151.306)
(144,997)
At 31 De￿mber 2024
3.495.309
22.444
917,035
50,588 4.485,376
Depreciation and impairment
At 1 January 2024
Depreciation charged in the year
Eliminated in respect of dispK)sals
843,750
63.084
(47,4111
10,379
2.622
641,187
46,770
{2,059)
34,850
4.768
14,250)
1,530,166
112,072
{53,7201
At 31 December 2024
859,423
13.001
685,898
35,368
1,588,518
Carrying amount
At 31 December 2024
2.635,886
9,443
231,137
15,220 2,891,686
At 31 December 2023
2,796,556
3.270
259,791
3,059,617
Assets held under finance leases and hire purchase ¢onlracts
The net carrying value of tsngible fixed assets indudes the following in respect of assets held under finance
leases or hire purchase contracts-
2024
2023
Fixtures and fftb'ngs
7,828
9,319
-27-

THE CHRISTIAN TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Charity
Freehold land
and buiklings
Plantand Flxtures and
•qUI￿•nt
ffttings
Motor
v•hiel•s
Total
Cost
At 1 January 2024
Addil'ons
Disposals
2,276,806
877,326
18.116
(2,059)
34,850
19,988
14.250)
3,188,982
44,099
16.3091
5.995
At 31 December 2024
2.276.806
5,995
893,383
50,588 3,226,772
Depreciation and impairment
At 1 January 2024
Depreciation charged in the year
Eliminated in respect of disFK)sals
566.284
39,536
621.146
46,022
(2,059)
34,850
4,768
14.2501
1,222,280
91,326
(6,309)
1,000
At 31 December 2024
605,820
1,¢￿0
665,109
35,368
1,307,297
Carrying amount
At 31 December 2024
1.670.986
4.995
228,274
15,220
1,919,475
At 31 December 2023
1.710.522
281.357
1,991,879
-28-

THE CHRISTIAN TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
16 Investment property
Group
2024
At 1 January 2024
Additions through extemal acquisition
786,(KJO
540,000
At 31 December 2024
1,326,000
Investment properties are shown at fair value and are all in the UK. In the opinion of the directors the fair
value of the properties at 31 December 2024 is not materially different from the cost.
Charity
At 1 January 2024
Additions through extemal acquisition
536,000
540,000
At 310ecember2024
1,076,000
17 Flxed asset Investments
Other
investments
Cost or valuation
At 1 January 2024
Additions
785,400
64,904
At 31 December 2024
850,304
Carrying amount
At 31 December 2024
850,304
At 31 December 2023
785,400
2024
2023
Other investmenls comprise:
Notes
Investments in subsidiaries
28
850,304
785,400
18 Stock
Group
2024
Charity
2024
2023
Stocks
49,706
68,847
7,419
-29-

THE CHRISTIAN TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
19 Debtors
Group
2024
Charity
2024
2023
2023
Trade debtors
2,771
25,927
5,013
115
173
Due from group undertakings
p￿paYments and accrued income
Other debtors
130,927
105,000
70,412
139,149
49,133
211,224
70,152
18,890
47,446
104,219
238.259
265.370
220,084
256,838
20 Finance lease obligations
Group
2024
Charity
2024
2023
2023
Within one year
In two lo five years
1.776
6.072
1.645
1.776
6,072
1.645
7,848
7,848
9,493
7,848
9,493
21 Creditors: amounts falling due within one year
Group
2024
Charlty
2024
2023
2023
Bank overdrafts
9,909
20,434
436,366
59.167
19,000
Bank loans
Trade creditors
64,146
9,000
53.415
9.000
44,514
19,000
1,645
Other loans
Hire purchases and finance leases
Due to group undertakings
Other taxation and social security
VAT grant repayable
other creditors
1.776
1.645
1,776
203
109,532
12,482
15.635
13,767
3.039
125,499
178,019
13.093
11,761
70,026
136,259
22,225
96,601
111,257
120,341
Accruals and deferred income
306.954
856.936
305,642
321,000

THE CHRISTIAN TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Deferred Incom8
Group
2024
2023
Deferred income at 1 January 2024
Resources deferred in the period
Amounts released from previous periods
Deferred income at year end
97,260
113.264
97 260
165,403
97,260
165 403
97 260
Charity
Deferred income at 1 January 2024
Resources deferred in the period
Amounts released from previous periods
Deferred income al year end
76,357
73,606
142,761
76,357
142 761
22 Creditors: amounts falling due after one year
Group
2024
Charity
2024
2023
2023
Bank loans
12,998
127,974
7,848
Other loans
123.999
6,072
111,000
6,072
127,974
7.848
Hire purchases and finance leases
130.071
148,820
117,072
135.822
23 Operatlng lease commltments
Total future minimum lease payment5 under nOr￿an￿lIable operating leases are as follows..
Group
2024
Charity
2024
2023
2023
Within one year
In to five years
In over five years
21.781
15,709
27,309
21,781
76,567
1,817
15,709
27,309
76,567
1.817
100,165
43,018
100,165
43,018
-31

THE CHRISTIAN TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
24 Minority interests
Group
Total
At 1 January 2024
Movement in the year
38,000
136,000)

THE CHRISTIAN TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
25 Restricted funds
Group
At 1 January
2024
Incoming
Resources
expended
Transfers
At31
December
2024
201,168
86,811
(103,9061
(15,3151
168,758
Prevlous year:
At 1 January
2023
Incomlng
Resources
expended
Transfers
At31
December
2023
541.130
125.718
(147,5101
(318,170)
201,168
Unrestricted funds
Group
At 1 January
2024
Incoming
resources
Resources
expended
Transfers
At31
December
2024
General fvnds
5,512,670
2.435.498
12,548,362)
15,315
5,415,121
Previous year:
At 1 January
Incoming
2023 resources
Resources
expended
Transfers
At31
December
2023
General funds
2.730,263
5.357,979
(3.300,7201
725,148
5,512,670

THE CHRISTIAN TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Restrlcted fijnds
At31
December
2023
At 1 January
2023
Incoming
resources
Resources
expenses
Transfers
Head Office
365,006
14,809
43.601
39,806
6,123
24.961
(50,533)
(7,996}
(62,2731
(308,094)
13,789)
16.287)
46,185
9,147
Ellel Grange
Pierrepont
Glyndley Manor
Scotland
7,630
53,310
56,774
15,510
39,318
(10,7911
(15,917}
12,349
76,711
56,774
Northern Ireland
541,130
125,718
(147,510>
1318.170}
201,168
At31
December
2024
At 1 January
2024
Incoming
resources
Resources
expenses
(17,1941
(10,420)
Transfers
Head Office
46,185
9.147
21,168
13,633
50,159
4,772
Ellel Grange
Pierrepont
Glyndley Manor
Scotland
(7.588)
12,349
76,711
56,774
13,713
38,297
(15,206)
(61,086}
12,105)
(5,622)
8,751
48,300
56,774
Northern Ireland
201,168
86,811
(103,906)
(15.315)
168,758

THE CHRISTIAN TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Anatysis of net assets between funds
Group
Unrestrlcted
funds
2024
Restrlcted
funds
2024
Total
2024
At 31 December 2024:
Intangible fixed assets
Tangible assets
Investment properties
Current assetsllliabilitiesl
Long temi liabilities
182,770
2.891,686
1.326.000
1.144.736
(130.071 }
182,770
2,891,686
1,326,000
1,313,494
(130,071)
168,758
5,415,121
168,758
5,583,879
Group
Unrestricted
funds
2023
Restricted
funds
2023
Total
2023
At 31 December 2023:
Intangible fixed assets
Tangible assets
Investment properties
Current assetsllliabilitiesl
Long term liabilities
213,890
3.059.617
786,000
1.639.983
(148,820}
213,890
3,059,617
786,000
1,841,151
1148,820)
201,168
5,550.670
201,168
5,751,838
Charity
Unrestricted
funds
2024
Restricted
funds
2024
Totsl
2024
At 31 December 2024:
Intangible fixed assets
Tangible assets
Investment properties
Investmenls
Current assetsllliabilitiesl
Long temi liabilities
182,770
1.919,475
1.076,000
850,304
1.063.320
(117.072)
182,770
1,919,475
1,076,000
850,304
1,232.078
1117,072}
168,758
4.974.797
168,758
5,143,555

THE CHRISTIAN TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Unrestricted
funds
2023
Restricted
funds
2023
Total
2023
At 31 December 2023:
Intangible fixed assets
Tangible assets
Fixed assel investments
Current assetsllliabilitiesl
Long tenn liabilities
200,502
1.966.697
1.321.400
2.089.679
(135,822)
200,502
1,966,697
1,321,400
2,290,847
1135,822)
201,168
5.442.456
201,168
5,643,624
27 Related party transactlons
Mr R Steel. a trustee, received remuneration of £35,946 (2023: £35.636) and the group made pension
contributions of £92712023." £8821 in respect of his duties as an employee.
No other trustees received any remuneration during the ￿rrent or prior period.
During the year Ihe group paid salaries amounting to £275.958 (2023.. £86.692) to related parties and Iravel and
subsistence expenses of £525 (2023.. £4,415).
The charity has taken advantage of the exemption in Financial Reporting Standard 102 from the requirement to
disclose transactions wth group companies on the grounds that consolidated financial slatements are prepared
by the ultimate parenl company.

THE CHRISTIAN TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
28 Subsidiaries
Details of the charity's subsidiaries at 31 December 2024 are as follows..
Name of undertaking
Registered
office
Nature of business
Class of
shares held
°fi Held
Direct Indirect
Glyndley Manor Estates
Limited
England
property management
cnmpany
ordinary
100.00
Ellel Ministries Limited
England
Sovereign-world Limiled
England
Ellel Ministries Hungary Kft Hungary
holding company (Domantl
ordinary
publishers of Christian books ordinary
propety management
ordinary
company
100.00
100.00
100.00
Overseas Education Trust England
Lirniled
intemiediate holding company ordinary
(Dormant)
100.00
Mediterranean Tours Limited England
TCT Properties No1 Limited England
facililator of overseas tours
ordinary
holding of investment propety ordinary
100.00
100.00
29 Parent and ultimate parent undertaking
The members of The Christian Trust have control over the company. There is not considered to be an ultimate
controlling paty-
-37-