THE AENON TRUST
Charity Registration No: 1046859 HMRC approval: Ref XR 26652
REPORT AND FINANCIAL STATEMENTS For the YEAR ENDED 30th JUNE 2023
1
THE AENON TRUST
Tel: 020 8303 5216
CHARITY NUMBER 1046859 137 Belvedere Road, Bexleyheath, Kent. DA7 4PA.
HMRC Approval: XR26652
Secretary: Mr A.E.NICHOLLS MBE FRGS
Year 2022 to 2023
TRUST DEED, Dated: 22nd May 1995
TRUSTEES: Mr Allan Nicholls Mrs Margaret Nicholls 137 Belvedere Road, Bexleyheath, Kent. DA7 4PA.
Mr Paul Davis Mrs Fiona Davis 141 Belvedere Road, Bexleyheath, Kent. DA7 4PA.
BANKERS: National Westminster Bank plc, 1 Townley Road, Bexleyheath, DA6 7JG. Kingdom Bank Ltd, Media House, Padge Road, Beeston. Nottingham, NG9 2RS.
INDEPENDENT EXAMINER: Mrs Abiola Onagoruwa, 31 Princes Road, Dartford, Kent. DA1 3HJ.
2
THE AENON TRUST
CHARITY NUMBER 1046859
Report for the year ended 30th June 2023
THE AIM
The Aenon Trust was set up in 1994/95. The aim of the charity is to pay or apply the capital and income of the Trust Fund to such Charities and/or to such charitable purposes and in such proportion and in such manner and subject to such terms and conditions as the Trustees may determine.
THE FINANCE
In consideration of the payment of monies, the Trustees continue to be guided in general, though not exclusively, by the following principles, which were inherent in the original drafting of the Aenon Trust:
-
The advancement of the Christian faith through the preaching and proclamation of the Christian gospel and teaching of Christian doctrine and principles and the pastoral care of Christian people;
-
The relief of persons who are in need, hardship or distress or who are aged or sick;
-
To further the education (and social and physical training) of children at establishments where instruction in accordance with the principles of the Christian faith is given.
THE OPERATION
The Trustees provide for public benefit and, in particular, continued to work in partnership with and to promote the work of Testimony Faith Homes, founded in 1968, a Kenyan Trust in Eldoret. This provides homes and supports at present about 130 orphans, and provides schooling right through to secondary level. Support is then given to those going on into further education. The Aenon Trust is effectively the UK base for Testimony, (which has no other particular regular means of support), not only by giving but by managing funds received in the UK and to ensure those donations are safely transferred to Testimony Faith Homes through banking services, and are fully accounted for. Gift Aid arrangements continue. Almost all moneys received in the year designated for TFH were paid in full during the year, the Trust itself bearing the UK cost of administration as part of our commitment to the partnership.
The partnership with the Neema Children’s Home in Eldoret continued. This independent work provides home, care and schooling for over 50 HIV/Aids affected young children. Our business relationship is along the same lines as that outlined for TFH in the foregoing paragraph.
The partnership with the Riziki Children’s Organisation has continued, and funds are accumulated to develop the site near to Nakuru for about 24 orphans, originally those rescued from life on the local rubbish dump, to provide them with home, food and schooling. Gifts were received to cover the cost of education of the children, for other specific needs in the continued expansion of the farming side to help Riziki develop more self supporting. Some funds tend to be carried through from one year to the next
The Trustees have similarly been able to continue to facilitate funding for other designees in need, mainly overseas, including other places in Kenya and in Armenia, and recently Manipur, all of which the Trustees are familiar.
RISK ASSESSMENT
There are no major risks at this time. Accountability is a high priority. During the periods of severe restriction of our local banking facilities, we took steps to ensure that all funds, as they are essential, did get through to the recipients. The Trustees continue to keep close touch with all projects the Trust is linked with, not only to ensure good governance but also to be in a position to help and to advise on matters. Each of the three homes confirmed in the year that they each have safeguarding policies.
GENERAL
The financial transactions are fully detailed on pages 4 and 5 of this report. There are no assets, property or equipment owned by the Aenon Trust. There is no necessity for a reserves policy; all moneys are potentially for disbursement, with no overheads. Current assets are invested in a Christian/ethical account.
Signed by the Secretary of the Trust .................................... Allan E. Nicholls.
3
THE AENON TRUST
Charity No 1046859
| STATEMENT OF FINANCIAL ACTIVITIES (SOFA) | STATEMENT OF FINANCIAL ACTIVITIES (SOFA) | FOR THE YEAR ENDED 30th JUNE 2023 Gen Fund Restricted Fund 2023 Total 2022 £ £ £ £ 480 70,469 70,469 79,061 0 44,472 44,472 44,535 0 0 0 0 0 40,310 40,310 49,260 0 0 0 1,200 20 2,147 2,167 2,425 210 8,005 8,215 0 710 165,403 166,113 176,481 0 0 0 0 0 17,042 17,042 22,575 7 0 7 0 640 44 684 855 £1,357 £182,489 £183,846 £199,911 484 77,084 77,568 86,305 0 49,575 49,575 49,729 0 0 0 0 0 43,620 43,620 55,439 0 0 0 1,331 20 2,177 2,197 2,426 210 7,525 7,735 0 714 179,981 180,695 195,230 675 0 675 834 £1,389 £179,981 £181,370 £194,922 -32 2,508 2,475 3,847 6,018 15,192 21,210 17,363 £5,986 £17,700 £23,686 £21,210 |
|---|---|---|
Incoming Resources Donations for Testimony Homes, Kenya Donations for Neema Children's Home, Kenya Donations for Neema School Project, Kenya Donations for Riziki Children’s Home, Kenya Donations for other Kenyan projects Donations for Armenian projects Manipur India, support and relief Other designated gifts Tax Repayment (Re Gift Aid Donations) Interest Other Total Incoming Resources Resources Expended Direct Charitable Cost Testimony Faith Home, Kenya Neema Children's Home, Kenya Neema School Project, Kenya Riziki Children's Home, Kenya Helps to other people in Kenya Helps to people in Armenia Manipur India, support and relief Other Costs Bank charges on money transfers Total Resources Expended Net Movement in Funds Total Funds B/f Total Funds C/f |
Gen Fund Restricted Fund 2023 Total £ £ £ 480 70,469 70,469 0 44,472 44,472 0 0 0 0 40,310 40,310 0 0 0 20 2,147 2,167 210 8,005 8,215 |
|
| £1,357 £182,489 £183,846 £199,911 |
||
4
THE AENON TRUST
Charity No 1046859
| BALANCE SHEET Current Assets Debtors Cash at bank and in hand Current Account AOG Kingdom Bank Account Total current Assets Creditors:Amounts falling due within 1 year Net current Assets Total Assetsless current Liabilities Funds of the Charity Unrestricted Funds B/f Surplus / (deficit) in the year Restricted Funds B/f Surplus / (deficit) in the year Total Funds |
FOR THE YEAR ENDED 30th June 2023 | FOR THE YEAR ENDED 30th June 2023 | |
|---|---|---|---|
| 2023 £ 0 17,673 6,013 23,686 0 23,686 23,686 6,018 -32 5,986 15,192 2,508 17,700 23,686 |
2022 £ 0 15,204 6,006 21,210 0 21,210 21,210 6,006 12 6,018 11,357 3,835 15,192 21,210 |
||
5
THE AENON TRUST
Charity No 1046859
INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF AENON TRUST
I report to the trustees on my examination of the accounts of The Aenon Trust for the year ended 30th June 2023.
Responsibilities and Basis of Report
As the charity trustees 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.
The procedures undertaken do not provide all the evidence that would be required in an audit, consequently I do not express an audit opinion on the view given s to whether or not the accounts show a ‘true and fair’ view. The report is limited to those matters set out in the statement below.
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:
-
accounting records were not kept in respect of the Trust as required by section 130 of the Act; or
-
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.
Mrs Abiola Onagoruwa,
Independent Examiner 31 Princes Road, DARTFORD, Kent. DA1 3HJ.
December 2023
6