REGISTERED CHARITY NUMBER: 1053570
REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS FOR THE YEAR ENDED
5TH APRIL 2021 FOR THE CANA TRUST
Stanton Ralph & Co Limited Chartered Accountants The Old Police Station Whitburn Street Bridgnorth Shropshire WV16 4QP
THE CANA TRUST
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5TH APRIL 2021
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | to | 3 |
| Independent Examiner's Report | 4 | ||
| Statement of Financial Activities | 5 | ||
| Balance Sheet | 6 | ||
| Notes to the Financial Statements | 7 | to | 11 |
| Detailed Statement of Financial Activities | 12 |
THE CANA TRUST
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 5TH APRIL 2021
The trustees present their report with the financial statements of the charity for the year ended 5th April 2021. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
Objectives and aims
The objects of the Charity are to advance the Christian religion and to pursue such other charitable purposes as the Trustees shall from time to time think fit. The Charity advances the Christian religion by facilitating the ministry of Nick and Lois Cuthbert. Nick is an Honorary Lay Canon Emeritus of Birmingham Cathedral. The Trustees have the responsibility of cooperating with Nick and Lois in the advancement of the Christian faith and supporting the activities in prayer.
The Trustees and Nick and Lois are committed to assisting Churches and Christians in their ministry and enabling as many people as possible to have the privilege of knowing Jesus Christ as their Lord and Saviour.
When planning activities with Nick and Lois the Trustees have considered the Charity Commission guidance on public benefit.
In particular we try to advance the Christian faith and provide public benefit by supporting Nick and Lois in the following: -
-
Nick's involvement with Lead Academy, of which he is a trustee and for whom he ministers with others in the leadership and support of learning communities. Lead Academy offers learning communities that connect churches, coaches and leaders together; providing insights and tools to release churches to their full potential. Participant churches benefit from each other's experiences and high-quality input from Nick and other experienced coaches.
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supporting, mentoring and coaching Church leaders and other Christians, including in positions of responsibility inside and outside the Church.
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consultations with churches to support them in their ministry.
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evangelism.
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THE CANA TRUST
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 5TH APRIL 2021
ACHIEVEMENT AND PERFORMANCE
Charitable activities
During the course of the period covered by these accounts activities undertaken by Nick and Lois included: Continued involvement with Lead Academy. Nick remains Chair of LA and continues to contribute a great deal in all the different aspects of it.
Nick has continued with Church Next which has provided help and support on a monthly basis to about 20 churches. Alongside that, learning communities have continued right through the year but mainly online using Zoom. This has meant that support has continued in helping church leadership teams process change – a need which has been exacerbated by the pandemic.
There have also been webinars (called 20/20 as they offer 20 minutes of input by a speaker, 20 minutes of questions And 20 minutes of discussion).
Contribution to a course for new clergy in Wales based out of the St. Padarn’s training college for Church of Wales leaders; and production of a series of leadership videos which have been a help to the emerging leaders supported by the charity. These are elements of consultancy on the stresses of leadership, dealing with relationships, effective governance, flourishing leaders and teams, all to facilitate Church mission, service and growth.
Nick and Lois have spent time counselling Church leaders and other Christians and supporting individuals pastorally in a whole variety of situations.
The activities Cana facilitates provide public benefit as they assist Churches and Christian leaders in developing their ministry, serving their local communities and in seeking to reach as many people as possible with the good news of Jesus Christ without discrimination of any kind.
FINANCIAL REVIEW
Reserves policy
The Trustees seek to retain reserves sufficient to cover some reduction in income in any year and to cover emergencies or the need to replace assets.
STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document
The charity is constituted by a Trust Deed dated 13th January 1995 which is its governing document.
Recruitment and appointment of new trustees
New trustees are invited to become trustees by the existing trustees on their basis of their commitment to the Christian faith and their commitment to promoting the Christian faith by supporting the ministry of Nick and Lois Cuthbert. The new trustees are appointed by the existing trustees and are informed about their responsibilities by being referred to suitable Charity Commission information.
Risk Management
The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.
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THE CANA TRUST
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 5TH APRIL 2021
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number 1053570
Principal address c/o R Miles 87 Brandwood Lane King's Heath Birmingham B14 6PL
Trustees
Mr I P Baker (resigned 18.8.20) Mrs E Watson Mrs F Collins Mr R Miles Mr P Conrathe (appointed 01.01.21)
Independent Examiner
A C Ralph FCA CTA Stanton Ralph & Co Limited Chartered Accountants The Old Police Station Whitburn Street Bridgnorth Shropshire WV16 4QP
Approved by order of the board of trustees on 15[th] December 2021 and signed on its behalf by:
........................................................................ Mr R Miles - Trustee
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INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF
THE CANA TRUST
Independent examiner's report to the trustees of The Cana Trust
I report to the charity trustees on my examination of the accounts of The Cana Trust (the Trust) for the year ended 5th April 2021.
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 Act and in carrying out my examination I have followed all 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:
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accounting records were not kept in respect of the Trust as required by section 130 of the Act; or
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the accounts do not accord with those records; or
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the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.
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.
A C Ralph FCA CTA Stanton Ralph & Co Limited Chartered Accountants The Old Police Station Whitburn Street Bridgnorth Shropshire WV16 4QP
Date: 15[th] December 2021
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THE CANA TRUST
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 5TH APRIL 2021
| 5.4.21 | 5.4.20 | ||
|---|---|---|---|
| Unrestricted | Total | ||
| fund | funds | ||
| Notes | £ | £ | |
| INCOMING RESOURCES FROM | |||
| Voluntary income | 36,637 | 57,133 | |
| RESOURCES EXPENDED ON | |||
| Other resources expended | 39,903 | 38,592 | |
| NET INCOME/(EXPENDITURE) | (3,266) | 18,541 | |
| RECONCILIATION OF FUNDS | |||
| Total funds brought forward | 60,611 | 42,070 | |
| TOTAL FUNDS CARRIED FORWARD | 57,345 | 60,611 |
The notes form part of these financial statements
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THE CANA TRUST
BALANCE SHEET
5TH APRIL 2021
| 5.4.21 Unrestricted fund Notes £ FIXED ASSETS Tangible assets 4 932 CURRENT ASSETS Debtors 5 29 Cash at bank 57,140 57,169 CREDITORS Amounts falling due within one year 6 (756) NET CURRENT ASSETS 56,413 TOTAL ASSETS LESS CURRENT LIABILITIES 57,345 NET ASSETS 57,345 FUNDS 7 Unrestricted funds 57,345 TOTAL FUNDS 57,345 |
5.4.20 Total funds £ 1,237 - 60,278 60,278 (904) 59,374 60,611 60,611 60,611 60,611 |
|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on 15[th] December 2021 and were signed on its behalf by:
............................................. Mr R Miles - Trustee
The notes form part of these financial statements
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THE CANA TRUST
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5TH APRIL 2021
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Motor vehicles - 20% on reducing balance Computer equipment - 33% on cost
Assets are depreciated from the date that they are brought into use.
Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
2. TRUSTEES' REMUNERATION AND BENEFITS
There was no trustees' remuneration or other benefits for the year ended 5th April 2021 nor for the year ended 5th April 2020.
Trustees' expenses
There were no trustees' expenses paid for the year ended 5th April 2021 nor for the year ended 5th April 2020.
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THE CANA TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 5TH APRIL 2021
| 3. | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES | |
|---|---|---|
| Unrestricted | ||
| fund | ||
| £ | ||
| INCOMING RESOURCES FROM | ||
| Voluntary income | 57,133 | |
| RESOURCES EXPENDED ON | ||
| Other resources expended | 38,592 | |
| NET INCOME | 18,541 | |
| RECONCILIATION OF FUNDS | ||
| Total funds brought forward | 42,070 | |
| TOTAL FUNDS CARRIED FORWARD | 60,611 | |
| 4. | TANGIBLE FIXED ASSETS | |
| Plant and | ||
| machinery | ||
| etc | ||
| £ | ||
| COST | ||
| At 6th April 2020 | 18,265 | |
| Additions | 405 | |
| At 5th April 2021 | 18,670 | |
| DEPRECIATION | ||
| At 6th April 2020 | 17,028 | |
| Charge for year | 710 | |
| At 5th April 2021 | 17,738 | |
| NET BOOK VALUE | ||
| At 5th April 2021 | 932 | |
| At 5th April 2020 | 1,237 |
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THE CANA TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 5TH APRIL 2021
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||
|---|---|---|---|---|---|---|
| 5.4.21 | 5.4.20 | |||||
| £ | £ | |||||
| Other debtors | 29 | - | ||||
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE | YEAR | ||||
| 5.4.21 | 5.4.20 | |||||
| £ | £ | |||||
| Purchase ledger | - | 184 | ||||
| Accrued expenses | 756 | 720 | ||||
| 756 | 904 | |||||
| 7. | MOVEMENT IN FUNDS | |||||
| Net | ||||||
| movement | At | |||||
| At | 6.4.20 | in funds | 5.4.21 | |||
| £ | £ | £ | ||||
| Unrestricted funds | ||||||
| General fund | 60,611 | (3,266) | 57,345 | |||
| TOTAL FUNDS | 60,611 | (3,266) | 57,345 | |||
| Net movement in funds, included in the above are as follows: | ||||||
| Incoming | Resources | Movement | ||||
| resources | expended | in funds | ||||
| £ | £ | £ | ||||
| Unrestricted funds | ||||||
| General fund | 36,637 | (39,903) | (3,266) | |||
| TOTAL FUNDS | 36,637 | (39,903) | (3,266) | |||
| Comparatives for movement in funds | ||||||
| Net | ||||||
| movement | At | |||||
| At | 6.4.19 | in funds | 5.4.20 | |||
| £ | £ | £ | ||||
| Unrestricted funds | ||||||
| General fund | 42,070 | 18,541 | 60,611 | |||
| TOTAL FUNDS | 42,070 | 18,541 | 60,611 |
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THE CANA TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 5TH APRIL 2021
7. MOVEMENT IN FUNDS - continued
Comparative net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 57,133 | (38,592) | 18,541 |
| TOTAL FUNDS | 57,133 | (38,592) | 18,541 |
A current year 12 months and prior year 12 months combined position is as follows:
| Net movement At 6.4.19 in funds £ £ Unrestricted funds General fund 42,070 15,275 TOTAL FUNDS 42,070 15,275 |
At 5.4.21 £ 57,345 |
|---|---|
| 57,345 |
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 93,770 | (78,495) | 15,275 |
| TOTAL FUNDS | 93,770 | (78,495) | 15,275 |
8. RELATED PARTY DISCLOSURES
Nick Cuthbert and Ian Baker, Trustee, are both trustees of Christian Vision, another charity, which exists to promote the Christian Faith. Christian Vision donated £20,000 (2020: £40,000) to Cana Trust during the year.
Riverside Church Trust, a charity of which Lois Cuthbert is a trustee, donated £3,337 (2020 : £3,337)
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THE CANA TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 5TH APRIL 2021
9. ULTIMATE CONTROLLING PARTY
The charity is controlled by its board of trustees.
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THE CANA TRUST
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 5TH APRIL 2021
| 5.4.21 | 5.4.20 | |
|---|---|---|
| £ | £ | |
| INCOMING RESOURCES | ||
| Voluntary income | ||
| Donations | 34,892 | 55,328 |
| Gift aid | 1,745 | 1,805 |
| 36,637 | 57,133 | |
| Total incoming resources | 36,637 | 57,133 |
| RESOURCES EXPENDED | ||
| Other resources expended | ||
| Mission funding | 36,574 | 32,246 |
| Motor and travel | 1,460 | 4,550 |
| Printing, stationery and books | - | 201 |
| Accountancy | 792 | 744 |
| Computer expenses | 262 | 397 |
| Telephone and postage | 97 | 39 |
| Motor vehicles | 441 | 275 |
| Computer equipment | 269 | 140 |
| Bank interest | 8 | - |
| 39,903 | 38,592 | |
| Total resources expended | 39,903 | 38,592 |
| Net (expenditure)/income | (3,266) | 18,541 |
This page does not form part of the statutory financial statements
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