REGISTERED CHARITY NUMBER: 1053570
REPORT OF THE TRUSTEES AND
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5TH APRIL 2024
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 2024
| Page | |||
|---|---|---|---|
| Report ofthe Trustees | 1 | fo | 3 |
| Independent Examiner's Report | 4 | ||
| Statement of Financial Activities | a | ||
| Balance Sheet | 6 | ||
| Notes to the Financial Statements | 7 | to | 11 |
| DetailedStatementofFinancialActivities | 12 |
THE CANA TRUST
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 5TH APRIL 2024
The trustees present their report with the financial statements of the charity for the year ended 5th April 2024. 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.
-
supporting, mentoring and coaching Church leaders and other Christians, including in positions of responsibility inside and outside the Church.
-
consultations with churches to support them in their ministry.
-
evangelism.
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THE CANA TRUST
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 5TH APRIL 2024
ACHIEVEMENT AND PERFORMANCE
Charitable activities
During the course of the period covered by these accounts activities undertaken by Nick and Lois are very similar fo the year before anc included:
-Continuec involvement with Lead Academy.
Seven communities of leadership teams were running this year. Activities for each learning community include four two-day training days for each of the communities over a 2 years period plus retreats, as well as church visits, and consultancy for the churches volved. Over the 12 months covered by the accounts, communities ran with groups from a mixed denominational affiliation as well as an increasing number of groups of clergy and leaders from across the church in Wales. A programme for senior church leaders called 'Leader2leader’ has again been very fruitful throughout this year. Nick's role with Lead Academy involves an ambassadorial, pioneering role with potential new communities, providing materials, put to and training for other leaders, inputting at least once in each meeting of a community and consultancy/support for specific churches or leaders or leadership teams. All this faci tates expansion of the work. The impact is such that discussions are now ongoing with several other church groups, all of which are potentially new training opportunities.
- Consultation, mentoring and coaching for churches, Church leaders and other Christians. - Training deys, weekends for churches and church leaders from a variety of denominations. - Speakingot[services.]
The work includes consultancy on the stresses of leadership, dealing with relationships, effective governance, developing leaders anc flourishing teams, all to facilitate Church mission, service and growth, as well as providing counselling to a number of Church leaders and other Christians.
Lois also continues to be involved in coaching, mentoring and spiritual direction
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 FEVIEW
Reserves po icy
The Trustees seek to retain reserves sufficient to cover some reduction in income in any year and to cover emergencies or the need to ‘eplace assets.
STRUCTURE, (;OVERNANCE 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 fo 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 formation.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Charity number 1053570
Principal adcvess
c/o R Miles
87 Brandwood Road
King's Heath
Birmingham B14 6PL
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THE CANA TRUST
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 5TH APRIL 2024
Trustees Mrs E Watson Mrs F Collins Mr R Miles Mr P Conrathe
Independent Examiner AC 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 Gh 2RS
and signed on its behalf by:
Fawr “*(
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
| report to the charity trustees on my examination of the accounts of The Cana Trust (the Trust) for the year ended 5th April 2024.
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 requiremerts of the Charities Act 2011 (‘the Act’).
| 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 | have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act.
Independent examiner's statement
| have completed my examination. | confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
1 accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or 2. the accounts do not accord with those records; or
S 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 anc fair view which is not a matter considered as part of an independent examination.
| have no concerns and have come across no other matters in connection with the examination to which attention should be| this report in order to enable aproper understanding of the accounts to be reached.
AC Ralph FCA CTA
Stanton Ralpn & Co Limited
Chartered Accountants
The Old Police Station Whitburn Street Bridgnorth Shropshire WV16 4QP
Date: th Maada..2025.....
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THE CANA TRUST
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 5TH APRIL 2024
| 5.4.24 | 5.4.23 | ||
|---|---|---|---|
| Unrestricted | Total | ||
| fund | funds | ||
| Notes | z | £ | |
| INCOME AND ENDOWMENTS FROM | |||
| Donations and legacies | 29,295 | 36,395 | |
| EXPENDITUREON | |||
| Other | 34,993 | 36,087 | |
| NETINCOME/(EXPENDITURE) | (5,698) | 308 | |
| RECONCILIATION OF FUNDS | |||
| Total funds brought forward | 58,607 | 58,299 | |
| TOTALFUNDSCARRIEDFORWARD | 52,909 | 58,607 |
The notes form part of these financial statements
Page 5
THE CANA TRUST
BALANCE SHEET 5TH APRIL 2024
| 5.4.24 | 5.4.23 | ||
|---|---|---|---|
| Unrestricted | Total | ||
| fund | funds | ||
| Notes | £ | = | |
| FIXED ASSE’S | |||
| Tangible assets | 4 | 142 | 238 |
| CURRENT A5SETS | |||
| Debtors | 5 | 386 | 361 |
| Cash at bonk | 56,128 | 60,000 | |
| 56,514 | 60,361 | ||
| CREDITORS | |||
| Amounts fo ling due within one year | 6 | (3,747) | (1,992) |
| NETCURRENT ASSETS | 52,767 | 58,369 | |
| TOTAL ASSE'S LESS CURRENT LIABILITIES | 52,909 | 58,607 | |
| NET ASSETS | 52,909 | 58,607 | |
| FUNDS | 7 | ||
| Unrestrictec funds | 52,909 | 58,607 | |
| TOTALFUNDS | 52,909 | 58,607 |
The financia statements were approved by the Board of Trustees and authorised for issUC ON ou... eeeeeeseteecesestseeeeeteseeeeseeeee GNA were signec on its behalf by:
Pay 1 C Mr R Miles - "rustee
The notes form part of these financial statements
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L ACCOUNTING POLICIES
THE CANA TRUST
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5TH APRIL 2024
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% onreducing balance Computer equipment - 33% oncost
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 2024 nor for the year ended 5th April 2023.
Trustees’ expenses
There were no trustees' expenses paid for the year ended 5th April 2024 nor for the year ended 5th April 2023.
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THE CANA TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 5TH APRIL 2024
=
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
INCOME AND ENDOWMENTS FROM Donations and legacies EX ENDITURE ON
Unrestricted fund £ 36,395
Other 36,087 NE INCOME 308 RECONCILIATION OF FUNDS Totel funds brought forward 58,299
TOTAL FUNDS CARRIED FORWARD
| TOTAL FUNDS CARRIED FORWARD | 58,607 | ||
|---|---|---|---|
| TAN SIBLE FIXED ASSETS | |||
| Motor | Computer | ||
| vehicles £ |
equipment Fa |
Totals Fa |
|
| cost | |||
| At 6/9 April 2023and Sth April 2024 | 10,500 | 8,170 | 18,670 |
| DEPI'ECIATION | |||
| At 679 April 2023 | 10,262 | 8,170 | 18,432 |
| Charge foryear | 96 | - | 96 |
| At 5th April 2024 | 10,358 | 8,170 | 18,528 |
| NET }OOK VALUE | |||
| At 5th April 2024 |
142 | - | 142 |
| At5thApril2023 | 238 | - | 238 |
TAN SIBLE FIXED ASSETS
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- DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
THE CANA TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 5TH APRIL 2024
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | |||
|---|---|---|---|---|
| 5.4.24 | 5.4.23 | |||
| £ | £ | |||
| Other debtors | 386 | 361 | ||
| é. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | |||
| 5.4.24 | 5.4.23 | |||
| £ | £ | |||
| Purchase ledger | 1,997 | 332 | ||
| Accrued expenses | 1,750 | 1,660 | ||
| 3,747 | 1,992 | |||
| 7. | MOVEMENT IN FUNDS | |||
| Net | ||||
| movement | At | |||
| At 6.4.23 | in funds | 5.4.24 | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 58,607 | (5,698) | 52,909 | |
| TOTAL FUNDS | 58,607 | (5,698) | 52,909 | |
| Net movement in funds, included in the above are as follows: | ||||
| Incoming | Resources | Movement | ||
| resources | expended | in funds | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 29,295 | (34,993) | (5,698) | |
| TOTAL FUNDS | 29,295 | (34,993) | (5,698) | |
| Comparatives formovement in funds | ||||
| Net | ||||
| movement | At | |||
| At 6.4.22 | in funds | 5.4.23 | ||
| a | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 58,299 | 308 | 58,607 | |
| TOTALFUNDS | 58,299 | 308 | 58,607 |
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ds
THE CANA TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 5TH APRIL 2024
MOVEMENT IN FUNDS - continued
Comparative net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | z | |
| Unrestricted funds | |||
| General fund | 36,395 | (36,087) | 308 |
| TOYALFUNDS | 36,395 | (36,087) | 308 |
Acurrent year 12 months and prior year 12 months combined position is as follows:
| Net | |||
|---|---|---|---|
| movement | At | ||
| At 6.4.22 | in funds | 5.4.24 | |
| £ | = | z | |
| Unrestricted funds | |||
| General fund | 58,299 | (5,390) | 52,909 |
| TOTALFUNDS | 58,299 | (5,390) | 52,909 |
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 | |||
| Gereral fund | 65,690 | (71,080) | (5,390) |
| TOTALFUNDS | 65,690 | (71,080) | (5,390) |
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THE CANA TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 5TH APRIL 2024
8. RELATED PARTY DISCLOSURES
Nick Cuthbert is a trustee of Christian Vision, another charity which exists to promote the Christian Faith. Christian Vision donated £10,000 (2023: £20,000) to Cana Trust during the year.
9. ULTIMATE CONTROLLING PARTY
The charity is controlled by its board of trustees.
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THE CANA TRUST
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|---|---|---|---|---|---|---|
|DETAILED|STATEMENT|OF|FINANCIAL|ACTIVITIES|
|FOR|THE|YEAR|ENDED|5TH|APRIL|2024|
|5.4.24|5.4.23|
|=|£|
|INCOME|AND|ENDOWMENTS|
|Donations|and|legacies|
|Donations|28,040|35,140|
|Gift|aid|1,255|1,255|
|29,295|36,395|
|Total incoming|resources|29,295|36,395|
|EXPENDITURE|
|Other|
|Mission|furding|27,590|26,844|
|Motor and|travel|5,821|7,725|
|Printing,|stetionery and|books|156|1]|
|Accountancy|900|844|
|Computer|=xpenses|418|305|
|Motor|vehicles|95|159|
|Computer|equipment|-|137|
|Bank|interest|13|62|
|34,993|36,087|
|Total|resourses|expended|34,993|36,087|
|Net (expenditure)/income|(5,698)|308|
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This page does not form part of the statutory financial statements
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