CHRISTIAN CAUSE REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 CHARITY NO. 1089855
CHRISTIAN CAUSE Contents Pa Legal ènd administrative information Report of the trustees Report ofthe Reportin8 Accountants Statement of Financial Activities B313nce Sheet Accounting policie5 Notes forming part of the financial statements 9-10
CHRISTIAN CAUSE Le al and Admlnlstrative Information Trustees and dlrectors G Sideras J Sideras B Sideras R Sidera5 E Sideras L Sideras Administration office address Manderley 30 Straight Mile Ampfield Rom5ey Hampshire S0519BB Charlty reglstratlon no.: 1089855 Reportin8 Accountants: Easebay Ltd tla E M Costas & Co Charlered Accountants 3 Gateway Mews Ringway Bounds Green London Nll 2Ut Bankers: Coutts & Co Pège I
CHRISTIAN CAUSE Trustees. Rè ort forthe Year Ended 31 March 2024 The trustees are pleased to present their annual trustees, report for the year ended 31 March 2024. The financial statements comply with the Charities Act 2011 and Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their account5 in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS1021- Strveture. Governance and Manaeemerrt vernin Document Christian Cause is 3 re8lStered charity and is govemed by its declaration of Trust. adopted on S February 20013nd amended by supplemental deed dated l November 2001. crultm nt&A olntment of Trustees The trustees who have served throughout the year are shown on page l. Appointment of trustees is governed by the Trust Deed. New Trustees undergo tralnin8 OTI their le831 obligations as under Charity Law, the decision making proce55, the business plan and recent perfonnance of the charity. Or ani ational tr ctur The charity Is organized so that the trustees meet regularly to manage its affairs. Risk Mana ement The trustees activety review the major risks which the tharity faces on a regular basis and believe that rnaintaining reserves at the Current levels, combined with an annual review of the controls over key financial systems. will provide sufficient resources in the event of adverse condltions. The trustees also review non-financial risks and these ri5k5 are managed by ensuring compliance with all health and safety regulations for clients, staff and volunteers. Related ie None of the trustees recelve remuneration or other benefit in their capacity as trustees of the charity. Any connertion between a trustee of the charity and organisations providing service5 to the charity must be disclosed to the full board of trustees in the same way as any contr3Ctual relationship with a related party. In the current year no such related party transactions were reported. Purpose and objertive5 The charity's objects and its principal activlties are to promote the advancement of the Chrlstlan reli8lon In accordance with the statement of fundarnental beliefs. The aims of the charity are to financially support Chrlstian Charities, whose work focuses on housing the homeless, feeding the hungry and spreading the 8ospel of Jesus Christ on an international level. To financially support Christians (individuals, families or groups) who are out of work or without Tncorne and in need of shelter. warmth, food and clothin8. Financial revlew Total income for the year amounted to £68,513 with total expenditure amounting to £28,421 leavln8 a surplu5 In the year of£40,092. Accumulated deficit at the balance sheet date amounted to £37.212, of which £37,212 represents income reserves. Investment powers and pollry The trustees, having re8ard to the liquidity requirernents of operatin8 the charity's activities, have kept a proportlon of available liquid funds in an interest bearin8 account to maximise the rate of return, althouBh given current rates of interest the rate of Teturn is minSmal. The trustees will review the positlon and consider altemative Investments to maximise returns but will continue with a risk averse policy. Plans for future perlods The trustees will ¢ontinue to support 8ood causes in line the objectlves and aims of the charity. The Trustees have also indicated that they wi15 not Page 2
CHRISTIAN CAUSE Trustees, Report for the Year Ended 31 March 2024 (Contlnued) Trustees responslbllltles In relatlon to the financial statements The charity trustees are responsible for preparing a trustees, annual report and financial statements in accordance with applicable law and United Kingdom Atcounting St3ndards Iunited Kingdom Generally Accepted Accounting Practice). select Suitable accounting policies and apply them consistentlv; observe the methods and principles in the Charities SORP- make jud8rnents and estimates that are reasonable and prudent: state whether applicable UK accounting standards have been followed. subject to any material departures disclosed and explained in the financial statements. prepare financial statements on a going concern basi5 unless it is inappropriate to presume that the charity will continue in operation. The trustees are responsible for keepin8 accounting records which disclose with re3sonable accuracy at any time the financial position of the charity- They are also responsible for safe8uarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. By order of the board of trustees G Slderas Trustee Date........... Paee 3
CHRISTIAN CAUSE INDEPENDENT EXAMINERS REPORTTO THETRUSTEES OF CHRISTIAN CAUSE I report to the Trustee5 on my examination of the accounts of Christian Cause Ithe charity), charity number 1089855. for the year ended 31 March 2024. Respertlve respoNbllltles of trustees and examlner As the charity's trustees, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 20111.the Act"). I report In respect of my examination of the Trust's accounts caffied out under section 145 of the 2011 Act and in carrwng out my examination, I have followed all ihe applicable Directions given by the Charity Commission under section 145151{bl of the Act. Independent examlner's statement I have completed my examination. I confirm that no material matters have come to my attention in connettion with the examination which grves me cause to believe that in. any material respect: the accounting records were not kept in ac¢ordènce with section 130 of the Charities Ad. or the accounts did not accord with the accounting records,. or the accounts did Dot comply with the applicable requirements concerning the form and content of accounts set out in the Charities IAccounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fairf view which is not a matter considered a5 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 repori in order io enable a proper understandin8 of the accounts to be reached. E Costas Easebay tla E M Costas & Co Chartered Aecovntants 3, Gateway Mew5 Ringway Bound5 Green London Nll 2UT Date........ Z31 CIIz¢a> Page 4
CHRISTIAN CAUSE statement of financial artivities for the year endÈd 31 March 2024 Unrestrlcted Fund5 Total Total 2023 2022 24 23 Notes Income: Incomefrom other choritoble octivities Fundraising & other income 68,513 68,513 138,798 Total Income 68.S13 68.513 138,798 Expendlture Expenditure on choritoble artivitles.. Direct Charitable expenditure Management and administration 26,850 1,571 26,850 43,lOQ 1,571 1,149 Total expendlture 28.421 28.421 44,249 Net income/leypenditurel and net movements in funds before gains and losses on Investments 40.092 40,092 94,549 Total funds brought forward 177.3041 177.3041 1171,8531 Total funds carrled fonvard 137,2121 37,212 (77,304 The statement of financial activities includes all gains and losses in the year. All incoming resources and resources expended derive from continuing activities. Page 5
CHRISTIAN CAUSE BALANCE SHEEr AS AT 31 MARCH 2024 Notes 2023 2022 Current Assets Debtors Cash at bank and In hand 12 12,500 43,691 43,250 22.850 Total current awts 56,191 66.100 Credltors: amounts falllng due wlthln one ye?r 13 193,4031 1143,4041 Net current assets {37.2121 (77,3041 NET ASSErs 37,212 77.304 The funds of thecharlty: Unrestricted income funds.. 15 137,2121 137,212 (77,304 TOTAL CHARITY FUNDS The notes at pages 8 to 10 form part of these accounts Approved by the trustees on .............. ........ as Trurtee & Company Dlrertor Page 6
CHRISTIAN CAUSE NOTES TO THE FINANCIAL STATEMENTS for the ear ended 31 March 2024 Accountln olicies The principal accounting policies èdopted, judgments and key sources of estimation uncertainty in the preparation of financial statements are as follows Statutory Intormatlon Christian Cause meets the definition of Charity under FRS 102. Assets and liabilitles are initially reco8nlsed at historical c05t or transactlon value unle55 Otherwise stated in the relevant accounting policy Inotesl. Basls of Preparatlon The Financial statements have been prepared In accordance with Accounting and Reporting of charities . SORP applicable to charities preparing their accounts in accordance with Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 (effective date l January 20151 Charities SORP IFRS 1021, the financial reporting standard applicable in the UK and Republic of Ireland IFRS 1021. Going Concern The accounts have been drawn on a going concern basis as the Trustees have given an undertaking that they will continue to financially support the Charity. Inwmlng resources Income (including income from government and other grantsl is recognised when the charity has entitlement to the funds. ny performance condition5 attached to the items of income have been met, it is probable that the income will be recelved and the amount can be measured reliab. Interest and Investment Income receivable Interest on funds held on deposit and income from investments held is included when receivable and the amount can be measured reliable by the charity. Fund a¢countlnE Unrestricted funds are available to spend on artivities that further any of the purpose5 Qf charity. De5i8nated funds are unrestrlcted funds of the charity which the trustees have declded at their dlscretion to set aside for a specific purpose. Restrlcted fursds are donations or grants whlch the donor has specified are to be solely used for a particular purpose or area of the Trust's work or projects bein8 undertaken by the Trust. Expenditure and irrecoverable VAT Expenditure is recognised once there is a legal or construrtive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obllgation Can be measured reliably. Expenditure is classified under the following headings: -cost of raising funds comprise the cost of commerci31 tradin8 expenditure on charitable octivities includes the cost of operating the advice tentre and outreach serwce5 management and administration includes support Costs for those functions that 355isI the work of the charity Irrecoverable VAT is charged as a cost against the activtty for which the expenditure has been incurred. Taxatlon As a 8rant aided charity with charitable status the charity's activities do not create a charge to corporation tax. Debtors Trade and other debtors are reco8nised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. Cash at bank and In hand Cash èt bank and in hand includes cash and short term highly liquid investments with 2 short maturity of less than three months from the date of acquisition or opening of the deposit or similar account. Pè8e 7
CHRISTIAN CAUSE NOTES TO THE FINANCIAL STATEMENTS forthe ear ended 31 March 2024 Credltors and provlsions Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to 3 third party and ihe amount due to settle the obligation can be measured or estimated rellablv. Financial instruments The trust has only has financial a55ets and financial liabilities of a kind that qualify as basic financial instruments. The ch3rity does not acquire put options, derivatives or other complex financial instruments and does not therefore face any financial risk.
Pa8e 8
CHRISTIAN CAUSE Notes to the financlal slaternents forthe ear ended 31 March 2024 l Legal status of the Trust The Trust is a registered charity- 2 Flnancial performance of the thar5ty 2023124 2022123 Income 68.513 138,798 Expenditure on charitable activities Expenditure on mèna8ement and admlnistration 26,850 1.571 43,100 1,149 Net incomellexpendlturel 40.092 94,549 Total funds brought forw3rd Total funds carried fon¥ard Represented by: Unrestricted funds- general 177,3041 1171.8531 {77,3041 137.2121 137.2121 37,2121 {77,3041 177,3041 3 Income from Donatlons, Grants & Income Generatlon Donations & gift aid Interest receivable 68,218 295 138.755 43 68.513 138.798 4 Anatysls of expendlture on tharltable actlvltles Donations 26,850 43.100 5 Analysis of 8overnance and support cost Accountancy fees Bank charge5 960 611 960 189 1.571 1,149 6 Net Income l(expendlturel for the year This 15 Stated after char8ing'. Reportlng accountants remuneration for accouniancy services 960 960 7 Trustees, remuneratlon The trustees did not receive any remuneration or any other benefits from the Charity durlng the year under review. 8 Related party transartions Included in Creditors is a loan from the trustees of £92,44312023.' £142.4431. The loan is repayable on demand and no Interest has been Charsed on the amount outstanding. 9 Corporation Tax The Charity Is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 section 252 01 the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects. Page 9
CHRISTIAN CAUSE Notes to the fin3nctal rtatements for the ear ended 31 March 2024 12 Debtors Amounts due withln one year., Gift Aid Recoverable Sundry debtor5 2023124 2022123 12.500 27.750 15,500 43,250 13 Credltors Amounts falllng due wlthin one year: Other creditors & accruals 93,403 143.404 143,404 14 Anatysls of charltable funds Analysls of movernent In unrestrlcted fvnds Unrestrlrted . General seIe. Balènce at l April 2023 Movement in year Balance at 31 March 2024 177,3041 40.092 (171.8531 94.549 137.212 77.304 15 Anatysls between fund balance5 2023124 Unrestrltted Restrlrted Total Cash at bank and in hand Other net current 35sets/ Iliabilitiesl 43,691 180.9031 43.691 180.903) 37.212) 137.212 2022123 Unrestrlcted Restrlrted Total Cash at bank and in hand Other net current assets/ Iliabilities) 22,850 (100.1541 22,850 1100,1541 77,304 77.304 Page 10