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2025-04-05-accounts

CHARITY REGISTRATION NUMBER: 1055038

Warcombe Farm Christian Trust Unaudited Financial Statements

5 April 2025

JONES & GRAHAM ACCOUNTANTS LTD

Chartered Certified Accountants 6 Hall Square DENBIGH Denbighshire LL16 3NU

Warcombe Farm Christian Trust

Financial Statements

Year ended 5 April 2025

Page
Trustees' annual report 1
Independent examiner's report to the trustees 3
Statement of financial activities 4
Statement of financial position 5
Notes to the financial statements 6

Warcombe Farm Christian Trust

Trustees' Annual Report

Year ended 5 April 2025

The trustees present their report and the unaudited financial statements of the charity for the year ended 5 April 2025.

Reference and administrative details

Registered charity name Warcombe Farm Christian Trust Charity registration number 1055038 Principal office

The trustees

Alexander Black Amer Ferzoli David Hill Lynda Hill Geoff Hills Independent examiner Jones & Graham Accountants Ltd 6 Hall Square DENBIGH Denbighshire LL16 3NU

Structure, governance and management

The trust was established by a charitable trust deed on 10 April 1993.

The trustees who served during the year and up to the date of signature of the financial statements were:

Alexander Black Amer Ferzoli David Hill Lynda Hill Geoff Hills

The trust is run by the trustees, who meet from time to time as necessary.

Objectives and activities

The trust's objects are to advance the Christian religion. The policies adopted in furtherance of these objects are the provision and organisation of educational and evangelistic activities and events, and there has been no change in these during the year.

The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the trust should undertake.

1

Warcombe Farm Christian Trust

Trustees' Annual Report (continued)

Year ended 5 April 2025

Achievements and performance

The development, activities and achievements of the trust during the year are reviewed in the separate annual report.

Financial review

The financial transactions of the trust during the year and the financial position at the end of the year are summarised in the attached accounts. The trustees consider the financial position to be satisfactory.

It is the policy of the trust that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three and six month's expenditure. The trustees consider that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the trust's current activities while consideration is given to ways in which additional funds may be raised. This level of reserves has been maintained throughout the year.

The trustees have assessed the major risks to which the trust is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks. They intend to keep these matters under regular review.

09/09/2025 The trustees' annual report was approved on .............................. and signed on behalf of the board of trustees by:

David Hill Trustee

2

Warcombe Farm Christian Trust

Independent Examiner's Report to the Trustees of Warcombe Farm Christian Trust

Year ended 5 April 2025

I report to the trustees on my examination of the financial statements of Warcombe Farm Christian Trust ('the charity') for the year ended 5 April 2025.

Responsibilities and basis of report

As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (‘the Act’).

I report in respect of my examination of the charity's financial statements carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner's statement

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

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

  2. the financial statements do not accord with those records; or

  3. the financial statements 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.

Jones & Graham Accountants Ltd Independent Examiner

6 Hall Square DENBIGH Denbighshire LL16 3NU

3

Warcombe Farm Christian Trust

Statement of Financial Activities

Year ended 5 April 2025

2025 2024
Unrestricted Restricted
funds funds Total funds Total funds
Note £ £ £ £
Income and endowments
Donations and legacies 4 6,131 6,131 4,550
Investment income 5 29,270 29,270 19,003
ৄৄৄৄৄৄৄৄ ৄৄৄৄ ৄৄৄৄৄৄৄৄ ৄৄৄৄৄৄৄৄ
Total income 35,401 35,401 23,553
৶৶৶৶৶৶৶৶ ৶৶৶৶ ৶৶৶৶৶৶৶৶ ৶৶৶৶৶৶৶৶
Expenditure
Expenditure on charitable activities 6,7 36,735 19 36,753 26,177
ৄৄৄৄৄৄৄৄ ৄৄৄৄ ৄৄৄৄৄৄৄৄ ৄৄৄৄৄৄৄৄ
Total expenditure 36,735 19 36,753 26,177
৶৶৶৶৶৶৶৶ ৶৶৶৶ ৶৶৶৶৶৶৶৶ ৶৶৶৶৶৶৶৶
ৄৄৄৄৄৄৄৄ ৄৄৄৄ ৄৄৄৄৄৄৄৄ ৄৄৄৄৄৄৄৄ
Net expenditure and net movement in
funds (1,334) (19) (1,352) (2,624)
৶৶৶৶৶৶৶৶ ৶৶৶৶ ৶৶৶৶৶৶৶৶ ৶৶৶৶৶৶৶৶
Reconciliation of funds
Total funds brought forward 82,687 334 83,021 85,645
ৄৄৄৄৄৄৄৄ ৄৄৄৄ ৄৄৄৄৄৄৄৄ ৄৄৄৄৄৄৄৄ
Total funds carried forward 81,353 315 81,668 83,021
৶৶৶৶৶৶৶৶ ৶৶৶৶ ৶৶৶৶৶৶৶৶ ৶৶৶৶৶৶৶৶

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

The notes on pages 6 to 12 form part of these financial statements.

4

Warcombe Farm Christian Trust

Statement of Financial Position

5 April 2025

2025 2024
Note £ £
Fixed assets
Tangible fixed assets 12 191,878 198,747
Current assets
Debtors 13 1,226 910
Cash at bank and in hand 4,261 4,088
ৄৄৄৄৄৄৄ ৄৄৄৄৄৄৄ
5,487 4,998
Creditors: amounts falling due within one year 14 (162) 1,644
ৄৄৄৄৄৄৄ ৄৄৄৄৄৄৄ
Net current assets 5,649 3,354
ৄৄৄৄৄৄৄৄৄ ৄৄৄৄৄৄৄৄৄ
Total assets less current liabilities 197,527 202,101
Creditors: amounts falling due after more than one year 15 115,858 119,080
ৄৄৄৄৄৄৄৄৄ ৄৄৄৄৄৄৄৄৄ
Net assets 81,669 83,021
৶৶৶৶৶৶৶৶৶ ৶৶৶৶৶৶৶৶৶
Funds of the charity
Restricted funds 315 334
Unrestricted funds 81,353 82,687
ৄৄৄৄৄৄৄৄ ৄৄৄৄৄৄৄৄ
Total charity funds 16 81,668 83,021
৶৶৶৶৶৶৶৶ ৶৶৶৶৶৶৶৶

These financial statements were approved by the board of trustees and authorised for issue on 09/09/2025........................, and are signed on behalf of the board by:

David Hill Trustee

The notes on pages 6 to 12 form part of these financial statements.

5

Warcombe Farm Christian Trust

Notes to the Financial Statements

Year ended 5 April 2025

1. General information

The charity is a public benefit entity and a registered charity in England and Wales and is unincorporated. The address of the principal office is 55 Ravenscroft, Hook, Hampshire, RG27 9NP.

2. Statement of compliance

These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the 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) (Charities SORP (FRS 102)) and the Charities Act 2011.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

There are no material uncertainties about the charity's ability to continue.

Judgements and key sources of estimation uncertainty

In the application of the trust's accounting policies, the trustees are required to make judgements, estimates and assumptions 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 results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

Fund accounting

Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes.

Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment.

Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes: restricted income funds or endowment funds.

6

Notes to the Financial Statements (continued)

Warcombe Farm Christian Trust

Year ended 5 April 2025

3. Accounting policies (continued)

Incoming resources

Income is recognised when the trust is legally entitled to it after any performance 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. Other donations are recognised once the trust has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Legacies are recognised on receipt or otherwise if the trust has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.

Resources expended

Liabilities are recognised in the accounts at the time when an obligation to make payment is incurred.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other recognised gains and losses, unless it reverses a charge for impairment that has previously been recognised as expenditure within the statement of financial activities. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other recognised gains and losses, except to which it offsets any previous revaluation gain, in which case the loss is shown within other recognised gains and losses on the statement of financial activities.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Freehold property - 2% straight line Long leasehold property - 4% straight line Plant and machinery - 10% straight line Fixtures and fittings - 20% straight line

Impairment of fixed assets

At each reporting end date, the trust reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

7

Notes to the Financial Statements (continued)

Warcombe Farm Christian Trust

Year ended 5 April 2025

3. Accounting policies (continued)

Financial instruments

The trust has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the trust's balance sheet when the trust becomes party 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 enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

4. Donations and legacies

Unrestricted Total Funds Unrestricted Total Funds
Funds 2025 Funds 2024
£ £ £ £
Donations
Donations and gifts 6,131 6,131 4,550 4,550
৶৶৶৶৶৶৶ ৶৶৶৶৶৶৶ ৶৶৶৶৶৶৶ ৶৶৶৶৶৶৶
5. Investment income
Unrestricted Total Funds Unrestricted Total Funds
Funds 2025 Funds 2024
£ £ £ £
Rental income from investment
properties 29,269 29,269 19,000 19,000
Bank interest receivable 1 1 3 3
ৄৄৄৄৄৄৄৄ ৄৄৄৄৄৄৄৄ ৄৄৄৄৄৄৄৄ ৄৄৄৄৄৄৄৄ
29,270 29,270 19,003 19,003
৶৶৶৶৶৶৶৶ ৶৶৶৶৶৶৶৶ ৶৶৶৶৶৶৶৶ ৶৶৶৶৶৶৶৶

6. Expenditure on charitable activities by fund type

Unrestricted Restricted Total Funds
Funds Funds 2025
£ £ £
Support costs 36,735 19 36,753
৶৶৶৶৶৶৶৶ ৶৶৶৶ ৶৶৶৶৶৶৶৶
Unrestricted Restricted Total Funds
Funds Funds 2024
£ £ £
Support costs 26,158 19 26,177
৶৶৶৶৶৶৶৶ ৶৶৶৶ ৶৶৶৶৶৶৶৶

8

Notes to the Financial Statements (continued)

Warcombe Farm Christian Trust

Year ended 5 April 2025

7. Expenditure on charitable activities by activity type

Total funds Total fund
Support costs 2025 2024
£ £ £
Provision of campsite activities 35,176 35,176 25,727
Governance costs 1,577 1,577 450
ৄৄৄৄৄৄৄৄ ৄৄৄৄৄৄৄৄ ৄৄৄৄৄৄৄৄ
36,753 36,753 26,177
৶৶৶৶৶৶৶৶ ৶৶৶৶৶৶৶৶ ৶৶৶৶৶৶৶৶
8. Analysis of support costs
Total 2025 Total 2024
£ £ £
Premises 22,182 22,182 11,436
General office 6,125 6,125 7,322
Governance costs 420 420 450
Depreciation 6,869 6,869 6,969
ৄৄৄৄৄৄৄৄ ৄৄৄৄৄৄৄৄ ৄৄৄৄৄৄৄৄ
35,596 35,596 26,177
৶৶৶৶৶৶৶৶ ৶৶৶৶৶৶৶৶ ৶৶৶৶৶৶৶৶
9. Net expenditure
Net expenditure is stated after charging/(crediting):
2025 2024
£ £
Depreciation of tangible fixed assets 6,869
৶৶৶৶৶৶৶
6,969
৶৶৶৶৶৶৶

10. Staff costs

The average head count of employees during the year was Nil (2024: Nil).

No employee received employee benefits of more than £60,000 during the year (2024: Nil).

11. Trustee remuneration and expenses

None of the trustees (or any persons connected with them) received any remuneration during the year, and none of them were reimbursed any expenses incurred on behalf of the trust.

9

Warcombe Farm Christian Trust

Notes to the Financial Statements (continued)

Year ended 5 April 2025

12. Tangible fixed assets

Property Fixtures,
Land and improvemen Plant and fittings &
buildings ts machinery equipment Total
£ £ £ £ £
Cost
At 6 April 2024 and
5 April 2025 160,533 146,623 663 2,969 310,788
৶৶৶৶৶৶৶৶৶ ৶৶৶৶৶৶৶৶৶ ৶৶৶৶ ৶৶৶৶৶৶৶ ৶৶৶৶৶৶৶৶৶
Depreciation
At 6 April 2024 23,193 85,448 662 2,738 112,041
Charge for the year 1,598 5,158 112 1 6,869
ৄৄৄৄৄৄৄৄৄ ৄৄৄৄৄৄৄৄৄ ৄৄৄৄ ৄৄৄৄৄৄৄ ৄৄৄৄৄৄৄৄৄ
At 5 April 2025 24,791 90,606 774 2,739 118,910
৶৶৶৶৶৶৶৶৶ ৶৶৶৶৶৶৶৶৶ ৶৶৶৶ ৶৶৶৶৶৶৶ ৶৶৶৶৶৶৶৶৶
Carrying amount
At 5 April 2025 135,742 56,017 (111) 230 191,878
৶৶৶৶৶৶৶৶৶ ৶৶৶৶৶৶৶৶৶ ৶৶৶৶ ৶৶৶৶৶৶৶ ৶৶৶৶৶৶৶৶৶
At 5 April 2024 137,340 61,175 1 231 198,747
৶৶৶৶৶৶৶৶৶ ৶৶৶৶৶৶৶৶৶ ৶৶৶৶ ৶৶৶৶৶৶৶ ৶৶৶৶৶৶৶৶৶
13. Debtors
2025 2024
£ £
Other debtors 1,226 910
৶৶৶৶৶৶৶ ৶৶৶৶
14. Creditors: amounts falling due within one year
2025 2024
£ £
Bank loans and overdrafts 2,997 2,997
Amounts owed to group undertakings (3,579) (1,803)
Accruals and deferred income 420 450
ৄৄৄৄৄৄৄ ৄৄৄৄৄৄৄ
(162) 1,644
৶৶৶৶৶৶৶ ৶৶৶৶৶৶৶
15. Creditors: amounts falling due after more than one year
2025 2024
£ £
Bank loans and overdrafts 115,858 119,080
৶৶৶৶৶৶৶৶৶ ৶৶৶৶৶৶৶৶৶

10

Warcombe Farm Christian Trust

Notes to the Financial Statements (continued)

Year ended 5 April 2025

16. Analysis of charitable funds

Unrestricted funds
At At
6 April 2024 Income Expenditure 5 April 2025
£ £ £ £
General funds 82,687 35,401 (36,735) 81,353
৶৶৶৶৶৶৶৶ ৶৶৶৶৶৶৶৶ ৶৶৶৶৶৶৶৶ ৶৶৶৶৶৶৶৶
At At
6 April 2023 Income Expenditure 5 April 2024
£ £ £ £
General funds 85,292 23,553 (26,158) 82,687
৶৶৶৶৶৶৶৶ ৶৶৶৶৶৶৶৶ ৶৶৶৶৶৶৶৶ ৶৶৶৶৶৶৶৶
Restricted funds
At At
6 April 2024 Income Expenditure 5 April 2025
£ £ £ £
Property improvements 334 (19) 315
৶৶৶৶ ৶৶৶৶ ৶৶৶৶ ৶৶৶৶
At At
6 April 2023 Income Expenditure 5 April 2024
£ £ £ £
Property improvements 353 (19) 334
৶৶৶৶ ৶৶৶৶ ৶৶৶৶ ৶৶৶৶
17. Analysis of net assets between funds
Unrestricted Restricted Total Funds
Funds Funds 2025
£ £ £
Tangible fixed assets 191,582 296 191,878
Current assets 5,649 5,649
Creditors greater than 1 year (115,858) (115,858)
ৄৄৄৄৄৄৄৄৄ ৄৄৄৄ ৄৄৄৄৄৄৄৄৄ
Net assets 81,373 296 81,669
৶৶৶৶৶৶৶৶৶ ৶৶৶৶ ৶৶৶৶৶৶৶৶৶
Unrestricted Restricted Total Funds
Funds Funds 2024
£ £ £
Tangible fixed assets 198,432 315 198,747
Current assets 3,354 3,354
Creditors greater than 1 year (119,080) (119,080)
ৄৄৄৄৄৄৄৄৄ ৄৄৄৄ ৄৄৄৄৄৄৄৄৄ
Net assets 82,706 315 83,021
৶৶৶৶৶৶৶৶৶ ৶৶৶৶ ৶৶৶৶৶৶৶৶৶

11

Notes to the Financial Statements (continued)

Warcombe Farm Christian Trust

Year ended 5 April 2025

18. Financial instruments

The trust has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the trust's balance sheet when the trust becomes party 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 enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

12

frs102Charity_accounts.p

Final Audit Report

2025-09-09

Created: 2025-09-03 By: Emyr Jones (office@jonesandgraham.co.uk) Status: Signed Transaction ID: CBJCHBCAABAAqrpN1WG0tFGLXZsV0hlcdt96KujEwpK0

"frs102Charity_accounts.p" History

Document created by Emyr Jones (office@jonesandgraham.co.uk)

2025-09-03 - 11:01:57 AM GMT

Document emailed to David Hill (david.hill@warcombe.org.uk) for signature 2025-09-03 - 11:02:01 AM GMT

Document emailed to Emyr Jones (emyr.jones@jonesandgraham.co.uk) for signature 2025-09-03 - 11:02:01 AM GMT

Email viewed by Emyr Jones (emyr.jones@jonesandgraham.co.uk) 2025-09-03 - 11:03:38 AM GMT

Email viewed by David Hill (david.hill@warcombe.org.uk) 2025-09-06 - 7:28:46 AM GMT

Document e-signed by David Hill (david.hill@warcombe.org.uk) Signature Date: 2025-09-09 - 9:14:44 PM GMT - Time Source: server

Agreement completed.

2025-09-09 - 9:14:44 PM GMT