REGisfERED CHARITY NUMBER: 1083552 Report of the Trustees and Unaudited Financial Statements for the Year Ended 5 April 2024 The Houston Charitsble Trust DUX Advisory Limited Chartered Accountant5 Kennel Club House Gatehouse Way Aylesbury Buckinghamshire HP19 8DB
The Houston Charitable Trust Content5 of the Financial Statements for the Year Ended 5 April 2024 Page Report of the Trustees Independent Examiner's Report ststement of Financial Artivities Balance Sheet Notes to the Financial Statements 8 to 10 Detailed Statement of Financial Artivities li
The Houston Charitable Trust Report of the Trustees for the Year Ended 5 April 2024 The trustees present their report with the financial statements of the charity for the year ended 5 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 IFRS 1021 leffective l January 20191. Page I
The Houston Charitable Trust Report of the Trustees for the Year Ended 5 April 2024 STRucfuRE, GOVERNANCE AND MANAGEMENT The Trust was set up by Trust Deed dated 7 September 1990 and was registered as a charity by the Charity Commission for England and Wales on 20 November 21J)O. The Trust's registered charity is: 1083552. The objectives of the Trust are the relief of poverty, advancement of education, advancement of the Christian religion and to further such charitable purposes for the public benefit as are exclusively charitable according to the laws of England and Wales as the trustees may from time to time determine. The trustees who served throughout the period and to the date of this report were Geoffrey Houston and James Houston. New trustees may be appointed by the trustee5. It 15 the policy of the Trust to have minimum of three trustee5 at any one time. Any new trustees must undergo an orientation to brief them on their legal obligations under charity law, decision making processes and recent financial performance. During the orientation they will meet the other trustees. At the regular trustees meetings, the trustees agrees the overall strategy and areas of activity for the trust. Review of artivities and reserves policy The Trust continue5 to provide grants, in accordance with its objectives. The trustee5 administer the fund5 directly. The results for the year, and the charity's financial position at the end of the year. are shown in the attached financial statements. The Trust's work is reliant on voluntary donations. All income and expenditure in the year is considered as routine and the year ended with a surplus in funds of £4,44412023'. £5.217). All funds are unrestricted and the fund balance 5 April 2024 stood at £177,184. The trustees will review the reserves policy and the level of reserves from time to time. The tru5tee5 plan to disburse the fund5 over the coming years. Whilst holding these funds they seek to obtain the best return whilst minimising risk. Larger donations have been made to St Mary's Church Chesham. Betel of Britain, Root and Branch, Green Hill Trust, The Rock Foundation and St Barnabus Bible Church. Risk review The trustees regularly review the risks to which the Trust is exposed and aim to minimise the risks as far as possible. Procedures will be periodically reviewed to ensure they still meet the needs of the charity. Grant making policy It is the policy of the Trust to make grants to institutions and individuals in accordance with the objectives of the trust for charitable causes from funds available for distribution. Public benefrt The Trustees have considered the Charity Commission's general guidance on public benefit when reviewing the Trust's aims and objectives and in planning future activities and setting the grant making policy for the period. The Trustees have, in their view, met the public benefit requirement by making grant5 to individuals and in5titution5 who are able to further the charity's objectives. Plans for the future The trust will have a focus on helping Christian related projects and the relief of poverty- Page 2
The Houston Charitable Trust Report of the Trustees for the Year Ended 5 April 2024 Statement of Trustees, Responsibilities The trustees are responsible for preparing the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Prartice). The law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming re50urce5 and application of resources of the charity for that period. In preparing these financial statements. the trustees are required to.. select suitable accounting policies and then apply them consistently: observe the methods and principles in the Charities SORP- make judgements and estimates that are reasonable and prudent; state whether applicable accounting standards have been followed. subject to any material departures disclosed and explained in the financial statements,. presume the financial statements on the going concern ba515 unle55 it is inappropriate to presume that the charity will continue in operation,. The trustees are responsible for keeping accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the statement of Recommended Prartice in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 issued on 16 July 2014 and the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable Steps for the prevention and detertion of fraud and other irregularities. REFERENCE AND ADMINISTRATIVE DAlLs Registered Charity number 1083552 Principal address Little Warren Burton's Lane Little Chalfont Buckinghamshire HP8 4BS Trustees Mr G Houston Mrs G Houston (resigned 23.6.23) Mrj Houston Independent Examiner DUX Advisory Limited Chartered Accountants Kennel Club House Gatehouse Way Aylesbury Buckinghamshire HP198DB Page 3
The Houston Charitable Trust Report of the Trustees for the Year Ended 5 April 2024 Approved by order of the board oftrustees on 4 November 2024 and signed on its behalf by= Mr G Houston- Trustee Page 4
Independent Examiner's Report to the Trustees of The Houston Charitable Trust Independent examiner's report to the trustees of The Houston Charitable Trust I report to the charity trustees on my examination of the accounts of The Houston Charitable Trust (the Trust) for the year ended 5 April 2024. Responsibilitie5 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 Direction5 given by the Charity Commission under Section 14515llbl 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: aecounting 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,. or the accounts do not comply with the applicable requirements concerning the form and content of account5 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 connertion 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. Katherine Parsey FCA DUX Advisory Limited Chartered Accountants Kennel Club House Gatehouse Way Aylesbury Buckinghamshire HP19 8DB 4 November 2024 Page 5
The Houston Charitable Trust Statement of Financial Activities for the Year Ended 5 April 2024 5.4.24 Unrestricted fund 5.4.23 Total funds Notes INCOME AND ENDOWMENTS FROM Donations and legacies 87,500 53.126 Investment income 1.397 Total 88,897 53,126 EXPENDITURE ON Charitable activities Charitable activity 83,397 46.913 Other 1,056 996 Total 84,453 47,909 NET INCOME 4,444 5.217 RECONCILIATION OF FUNDS Total funds brought forward 172,740 167,523 TOTAL FUNDS CARRIED FORWARD 177,184 172.740 The notes form part of these financial statements Page 6
The Houston Charitable Trust Balance Sheet 5 April 2024 5.4.24 Unrestricted fund 5.4.23 Total funds Notes CURRENT ASSErs Debtors Cash at bank 17.500 160,728 10.625 163,099 178,228 173,724 CREDITORS Amounts falling due within one year 11,0441 19841 NET CURRENT ASSETS 177,184 172.740 TOTAL ASSEfs LESS CURRENT LIABILITIES 177,184 172,740 NET ASSErs 177,184 172,740 FUNDS Unrestrirted funds 177,184 172,740 TOTAL FUNDS 177,184 172,740 The financial statements were approved by the Board of Trustees and authorised for issue on 4 November 2024 and were signed on its behalf by.. Mr G Houston-Trustee The notes form part of these financial statements Page 7
The Houston Charitable Trust Notes to the Financial Statements for the Year Ended 5 April 2024 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 IFRS 1021 '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 IFRS 102} (effective l January 2019}', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Charities Art 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. Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure. 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. Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. INVESTMENT INCOME 5.4.24 5.4.23 Deposit account interest 1,397 Page 8 continued...
The Houston Charitable Trust Notes to the Financial Statements- continued for the Year Ended 5 April 2024 TRUSTEES, REMUNERATION AND BENEFITS There were no trustees, remuneration or other benefits for the year ended 5 April 2024 nor for the year ended 5 April 2023. Trustees, expenses There were no trustees, expenses paid for the year ended 5 April 2024 nor for the year ended 5 April 2023. COMPARATIVES FOR THE STATEMENT OF FINANCIAL AcfiviTIES Unrestricted fund INCOME AND ENDOWMENTS FROM Donations and legacies 53.126 EXPENDITURE ON Charitable artivities Charitable activity 46.913 Other 996 Total 47.909 NET INCOME 5.217 RECONCIUATION OF FUNDS Total funds brought forward 167.523 TOTAL FUNDS CARRIED FORWARD 172,740 Page 9 continued...
The Houston Charitable Trust Notes to the Financial Statements- continued for the Year Ended 5 April 2024 DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 5.4.24 5.4.23 Other debtors 17,500 10,625 CREDITORS: AMOUNTS FALUNG DUE WITHIN ONE YEAR 5.4.24 5.4.23 Other creditor5 1.044 RELATED PARTY DISCLOSURES There were no related party tr2nsartions forthe year ended S April 2024. Page 10