CHRESTOS MISSION (Company limited by guarantee and not having a share capital) Annual Report and Accounts for the year ended 31 December 2024 Company No: 4.500963 Registered Charity No: 109532.5
CHRESTOS MISSION Annual Report and Accounts for the year ended 31 December 2024 CONTENTS Page Trustees, Report Independeni Examiner'% Report Statement of Fin<incial Activities (incorporating Income and Expenditure Account) Balance Sheet 9-10 Notes to the Accounts 12-13
CHRESTOS MISSION TRUSTEES, REPORT for the year ended 31 December 2024 The Truslees present their report with the account% of Chrestos Mission for the year ended -1 l December 2024. REFERENCE AND ADMINISTRATIVE DETAII.S Incorporation and company status ChrestO8 Mission was incorporated under the Companies Act 198.$ <1.5 il private limited company on l Augu%t 2002. The compdny number is 4.50096.3. It is constituted under its Memorandum and Articles of Association as a company limited by gu(irantee and not having a shdre capital. The company mily have up to 12 meinbers dnd the liability of the members in the event of Chrestos Mi%%ion being wound up is limited to £1 each. Charitable status Chrestos Mis%ion was granted the status of a registered charity by the Chariiy Commission for England and Wale% on 9 January 2003. It.s regi.%tered number is 109.5_125. Charitable objecLs The objects of Chresto8 Mission dre.. i) to advance Christianity by showing the love of Jesus Christ. in particuldr ihrough mi.5.5ionary work and providing Christian lilerdture and Bible classes. ii) to relieve poverty. suffering and distress in accordance with Chri%tian principle.s. in particular by caring for the sick. training health workers, and providing medtcines. clothing, blanket% and food; iii) Io <idvance education, in particular by the provi.%ion of classes in the English language. computer science, and other Subjects of us¢ to those receiving such education. Chrestos Mission operdles principally among the Karen people in Thail¢ind. Address The registered addre%s of Chre5tos Mission is 2. Floor. 159a Chase Side, F.nfield, EN2 OPW. STRUCTURE, GOVERNANCE AND MANAGEMENT Structure Chrestos Mission is governed by its Bodrd of Trustees in the United Kingdom. who are also Directors of the company. The Mission's dCtivitie.% in Thciiland require it to be regi.stered as a charity in Thdiland, and to have d Board of Trustees in Thailand who are re.8ponsible to the Govcrnment of Thailand for the local operatioiis of the charity. Respon5ibilitlLS to the Govemment include (I local audit of the accounls. (In annudl safeguarding investigation and report on the orphanage. and certain reports provided to the Mac S4riang local government office. The United Kingdom Board works closely with the Thailand Board and the two are mutually supportive in seeking to achieve the Mis.%ion's objectives. Responsibility for (he day-to-ddy oper(Itions of Chrestos Mi8%ion in Thailand is given to Ihe Director of Overse¥lS Operations, Mr Wiltaya Wanasatit. who is resident in Thailand.
CHRESTOS MISSION TRUSTEFS, REPORT, continued for the year ended 31 DeeL'mber 2024 Trnstees The following Truslees served on the United Kingdom Board during the yedr and up lo ihe date of this report.. Al lison Christine Fitter Edw(Ird Frank Govei<i Neil John HidY Anthony John Harrop Rosslyn Anne Hill Peter Maycock (SeLretary) Norman John Silverstone (Treasurer) Jdcqueline Jennifer Well OBJECTIVES AND ACTIVITIES, ACHIEVEMENTS AND PF.RF'ORMANCE Objectives The objectives of Chre.%tos Mission are its charitable objects as stated on page l. Review of activities during the year StalT We are grateful for the dedication and hard work of our staff during the year. The numbers ot slaff in the einployinent of Chrestos Mission in 2024 <iccording to their area of responsibilily were.. Mule Female Director Mandger Office (Ind Educ(ition Medialpublic relations Orphdnage Volunteer.4 Graiicl iotal Total 12 18 The Bible School Numbers of 5tuclent.s The numbers of .8tudent.4 for the acadeinic yedr 2024 were: Mule Female First Year Second Year Third Year Fourth Year Graiid iotal Total 14 14 14 21 14 33 30
CHRESTOS MISSION TRUSTEES, REPORT, continued for the year ended 31 December 2024 Review of activities during the year, continued The Bible School, continued Study of thc Bible Our full-lime teachers <ind invited profe.ssors provided knowledge and understanding to students about the Biblc. Chreslos .%tudents sludy the entire Bible as well as practical tninistry over a period of four year5. Student% lire taught biblical history, Inorality and eihics. Those completing Ihe required sludies (Ire able io griiduate lind receive an eduL(Itional certificate from the Chre.%t05 Found(Ition. Field iiitern.ghip aclivitiesfor 4 year .Ftudent5 There were a total of 21 fourth-year sludents on internships thi.% year, working for a period of six months from Sepiember 2024 to Febn]ary 2025. The inlerns were well received by Ihe Lhurches to which they were senl, acquiring valuable knowledge and experience which they will bc able Lo apply to God's Service in the future. Music eclucalioii and choir pruc'lice Teachers in ihis field included Profe%sor Ekachai Buranilthani, Profe5%0r Veerachai, SilW<lt Aramruang, Nakorn Axkasa, Saw Hsar Thaw Wah <ind Sion Si. Siudent% perfornied well, singing in choirs, performing bdnd music and putting on %hows at various evenl%. They have built a solid reputation ! Compuler education Because of ihe varying levels of experience in compuler science, student.s were grouped according io their polential and ba.sic computing abililies. However, due to the limited number of computing facilitie% available, student%, ability to learn wa.8 reslricled. The teacher re8pon.%ible for computer science is Rujira Narueman. Agriculiural educaiion The objective is to provide students with agricultural knowledge and understanding. which Clin be applied in life. When 5tudent% gradudle. they can teach church members a wide range ot skills SULh ¢1 growing various vegetables. propagating plants, raising aniinals, li%hing. agricultural proce.%.%ing, elc. The teacher.% respon%ible for dgricultural edu¢<ltion are Profe%.8or Witthayil Wanasathit and Professor Wichit Theeradet.%ap. Healih uctivities The chre.stos Foundalion, in addition to promoting and supporting Students in iheir %tudies and moralily and ethics. al%0 promote.% and 8uppon.8 their good he(Ilth. They eat a complete diel of the five main food groups, and learn about health and hygiene. e.specially in the curreni situation where thcrc are seasonal outbreaks of various infections. We have learned aboul ways to protect ourselves trom viruses and Vdrious epidemics. We al.so encourdge students to plily .SPOrts and exercise for their own personal good health.
CHRESTOS MISSION TRUSTEES, REPORT, continued for the year ended 31 December 2024 Review of activities during the year, continued The Bible School, continued Social aclivitie.% The Chrestos Foundalion has collaborated with other organizations. both public and privale, lo provide various Social activitic.%. These train Studenls and per.sonnel in the variou.% agencies to work togeiher lo serve society with a volunleer spiril. and to facilililte community development into the future. The Orphanage Chresto% has an orphanage for boy.% which is known as The Home of Peace and Joy. Educatic)nal acfivitiC3 Chrestos has helped to support tuition fees of boys who go to study at V<irious educational institulions uch as Mae Sariang Boriphat Suksa School, Thairath Wittaya 33 School, Ban Nam Dib School 1nd L<irnpang Rajdbhat Univcrsity. Thi.5 provides boys with the opportunily lo study and acquire knowledge <iccording to their own dbilities. After graduating, each boy will be able lo use his knowledge and £ibilities in his tuture cho%cn C<ireer. Healih uctivitie.F Boys at The Home of Peace and Joy are encouraged io exercise and plily SPOrt.%, including participation in sports competitions on various occasions. This promote.s good health iind encourdges sITong spirits. Moral and ethical aJpecls (spiriluul) Chre%tOs promotes and Supports boys at The Home of Peace and Joy by ensuring they have the opportunity to worship God together with the Bible School sludent%. They study the word of God through Sunday School Study, enabling them to learn the principles of God'% teachings according to the Btble, and io live lite aLLording to the will of God. Agricultural aetivilies The growing of vegetables helps to trdin the boys who comL to live in the Home of Peiice and Joy. In learning about farming, they learn how to e&irn a living and to provide nutrilious food for themselves. Medio Short drama performance aclivity Students are encouragLd to express them%elves and u%e their acting abilitie.s to share the good news of the gospel. and to film a shori film for students who are about to graduate in the 4th year. ThL leaLher who is re.%ponsible for supervising this activity is Acharn Aliik Srisaw<li Ch¢impa.
CHRESTOS MISSION TRUSTEES, REPORT, continued for the year ended 31 December 2024 Review of activities during the year, continued Media, continued mu.sic activitie3 Student.% are encouraged io learn to sing in h(mOnY, to play mu.sic. and to produce musical mediil. There is d recording studio to facilitale produclion of evangelical m<lterial through music. Media production activitie. Using Youtube, Facebook and the Chre%tos website. media productions are distributed via thc Internet. lo publicize various activities of the Chrestos Foundation. Support and Relief Chrestos supports a total of 16 Christian workers in the Mde Sariang District. Chrest05 SUPPOrts two dormilorie.8'. l. Mae Sliriang Christian Student Dormitory. Bdn Pong. Village No. 12. Ban Kas Subdistrict. Mae Sariang District. Mae Hong Son Province. 2. Khun Yuam Christian Dormitory. Ban Pong Sila. Khun Yuam Subdislrict, Khun Yulim Di.8trict. Mae Hong .Son Province. We provide support in variou.8 &ire(Is such <iS building conslruclion ¢osts, food costs. and sports and health expenses. Chre.%tos provides a.s.sistance to help the poor and victims of various di.sasters on a case-by-c(Ise basis. When letters requesting help (tre received, each sitU¢ltion is CefUllY assessed and responded to according to our ability. Other activilies Alumni Club There are students who come to study at The Chrestos Foundation every year. and there are 18 graduated clii%ses of students. Thi% Ineans thdt there are now (i .signific<int number of graduatcd sludents. The Aluinni Club ha.8 been set up with the objectives of continuing Ihe Foundation, operations, to participate in promotion and future development of the Foundation. and to build mutually supportive relationship5 Within the Alumni Club. Activilie.I to visit the hontes of .fludents and alumpii During school break (Mid-march May). students who come to study at The Chre%to% Foundation travel back to their home vill(Iges. The Foundation organises visits to the homes of currenl students to see the living condition.s of their fdmilies. well ds to g(iin a better understanding of the living conditions (Ind family background8 of students. At the %<iTTlC time, the Foundation arranges to vi.sit various alumni living in the S<ime areds. to cncuurage them and io sUPPOrt thLm in Iheir ministry. Other uctivitie3 In 2024 we completed ihe construction of a staff Commodation building, compri%ing a two-storey house wilh five units.
CHRF.STOS MISSION TRUSTEES, RF.PORT, continued for the year endL'd 31 December 2024 Plans for future periods The Board wishes to thank Mr Wittaya W<inasatil who has (ibly continued to %erve as Direclor of Chrestos Mission Th<iiland during the year under review. Future leaders of various aspecls of the work continue to be sought. Words of thanks from Chrestos mi.ssion Foundation, Thailand The Chrestos Foundation would like to thank God for enabling the work of the Found(Ilion. with the cooperation of all p(lrties, to run .%moothly. Thdnks al%0 to iho%e who participated in .supporting u.s fin(Incially from the UK and different countries. We would like to thank the Board ot DireLtor5 Ot the Chre%tos Foundation, Thailand. and everyone who hds so faithfully %upported the work. Wc would al.80 like lo thank the team at Chrest05 Mi8.%ion UK. and all tho.se who put in their physical and mental trength io mdke God's mission successful for another year. We would like to th<ink all the Vdrious agencies in the Governmenl and privdle sector.s who are involved in supporting and as%isting with documents for the F()undation's operalions. as well as other a.£pects that promote and .%upport ihe work of The Chrestos Foundation. We thank you all, dnd Inay God ble.8% you forever. Statement on public benefit In deciding what ilctivilies Chrestos Mission should undertake during the year, the Trustec% h<ive paid due reg(ird to The Charity Commission'% guidanLe on public benefit. The Tru.%tees consider ihat Ihe objects for which the ch<irity W(15 formed as stilled above. and ihe activities during the year a de4cribed above, are for ihe public benefit. Chrestos Mission leaches and seeks to put into practice the example dnd teachings of Je.%u% Christ (IS sel out in the Bible. Our conviciion 1.% that when people take Je%us Christ dnd ihe Bible scriou%ly, il prompts them to deliver public benefit. The BiblL urges people lo be good ciliLen%, fully engdged in civil %ociety. working for the good of fellow citizens cverywhere of whalever riice or creed. FINANCIAL REVIEW Results for the year The monies which have been given towards the objects for which Chresto% Mission Was establi.8hed. and the miinner in which those monies have been expended or %et a.side for future use. are shown in ihe Statemeiit of Fin<incial Activities and the Balance Sheet on page.% 9 to I l. The Trustees report a deficit for the year of £28,572 {2023 £103,401 (2023- £122,401) surplus of £76.228). Cash reserves at 31 December 2024 slood at The Mission's major asset% continue to be its buildings and f(Icilities at M<ie Sariang which are held in the name of its Thdiland-regi.stered charity, Chrestos mis.sion Founddtion. We th<ink our friend%, well- wishers and churches in the United Kingdom dnd overseas for their encouriigement in prayers and financial support. Statement on risks The Truslees have given consideration to thc m1( jor risks to which the charity is expo.sed. sy.stems have been designed and establi%hed to Initigate those risks.
CHRESTOS MISSION TRUSTEES, REPORT, continued for the year ended 31 December 2024 Trustees, responsibility for the accounts The Trustees (who are Directors of the coinpany for the purposes of COlT]pany l(Iw) <ire re.sponsible for preparing the Trustees, Rcport dnd the financial stiltements in accordance with (Ipplicable law and Uniled Kingdom Accounting Stdndards. Company law and the law dpplicable to charilies in England and Wales require% the Trustees to prepare findnci<il statemenls for eich financi411 year which give a Irue and fair view of the State of affairs of ihe chariiy and the incoining resources and applicalion of resources for that year. In preping those financial slaternenls. the Tru.stee.s are required to: (i) select suilable accounling policie% dnd apply them consistently- (li) observe the methods and principles of the Charities Statemenl of Recommended Praclice; (iii) make judgments and estimates that are reasonable and prudent; (iv) stale wheiher applic<ible UK Accounting Standard% have been followed. subject to any mdlerial departures disclosed and explained in the financial statements; and (v) prepare thc financial statements on the going concern basis unless it is inappropriate to pre%uine that the Charity will conlinue in operation. The Tru.stees are respon.8ible for keeping proper accounling records which disclose with re¥i%onable accuracy at any time the financial position of the ch¥irity, and enable them to ensure that ihe fin<incial statement.% comply with ihe Companie% Act 2006. They are also responsible for safeguarding the a%%els of the ChltY and hence for laking rea.%onable steps for the prevention and detection of fraud and other irregularitie%. The Truslees are respon.4ible for the maintenance integrity of the Ch(ltY and financial information included on the charity's websile. Approved by ihe Trustees on 10 May 2025 and signed on their behiilf by Peter Maycock
INDEPENDENT EXAMINER'S REPORT to the Trustees and Members on the unaudited accounts of CHRESTOS MISSION for the year ended 31 December 2024 I report lo the charity Trustces on my examination of the accounts of Chrestos Mi.%.%ion for the year ended _31 December 2024. whiLh are .set out on pages 9 to 14. Responsibilities and basis of report As the Trustees of the chdrily {and i1150 its director.% for the purpose.8 of compiiny law), you dre responsible for the preparation of the accounls in accord(Ince with the requiremenls of the Companie Act 2006 ('the 2006 Act,). Having sati%fied myself thal the accounts of the charity are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination. I report in respect of my examination of your charity's accounts as carried out under section 14.5 of ihe Charitie% Act 2011 ('the 2011 Act.). In carrying out my examination I have followed the Directions given by the Charily Commission under section 14.5(_5)(b) of the 201 l Act. Independent Examiner's statement I have completed my examination. I confirm that no material matler% have come to my attenlion in connection with the examindlion giving me cause to believe that in iiny Inateridl respect: ( l ) accounting records were not kept in re.%pect of the charity as required by seclion 386 of the 2006 Act. or (2) the accounts do not accord with those records: or (3) the accounts do not comply with ihe accounting requirements of section 396 of the 2006 Act other than any requiremenl that the account% give a 'true dnd fair, view which is not a mdlter considered a.8 part of an independent examination; or (4) the accounts have not been prepared in accordance with the methods and principles of the Siateinent of Recommended Praclice for accounting and reporting by charities cipplicable to chiirities preparing their (ILcounts in accordiince wilh the Financial Reporting Si<iiidard applicable in the UK and Republic of Ireland (FRS 102). I hiive no concerns and have come acro.88 no other m(Itters in conneclion with the cxamin(Ilion lo which dttenlion should bc drawn in this report in order to enable a proper understanding of the accounl.% to be redched. drew artered Accountant Geary Partnership Chartered Accounlanl 1.59a Chase Side. Enfield. EN2 OPW Date: l O May 2025
CHRESTOS MISSION STATEMF.NT OF FINANCIAL ACTIVITIES (incorporating INCOME AND EXPENDITURE ACCOUNT} for the yL'ar ended 31 December 2024 2024 2023 Unreslrieled Re.flricled Funds Funds Totsl Tolal INCOMING RESOURCES Donation5 and legacies General 17ifis rLLLivLd tLtsdLies rLLLived Tax rLLovLrablL on gifi aid incc)me 62.278 142,627 -56.114 2,147 62,278 95,6.30 200.888 Other income Bank iniLrLsI rLceived Salc% of Karen publications Bible SLhi)ol siudcnl fLL% rLLeived Iher sales and ILLS rLLLivLd 2,2.12 82 6,791 1,102 7.269 82 6.791 12,-598 12,598 TOTAL INCOMING RESOURCES 74,876 33,352 108,228 218,622 RESOURCES EXPENDED Charitable activities (excludinR capital expenditure shown in ni)te 2 to the accounts) Bibl¢ School Orphanag¢ Media RLIILI Thiiiland adminislraiion expLnsLs 24,2117 8,1169 5.38 70,515 11,125 10,705 8.9.37 7,675 17,-3118 17,846 2U,I.11 121.335 126,144 Governance costs UK aLcounianLy tees Thiiiland audil lees 1,2UI) 1,200 1,200 1,20U Other expenditure UK wcbsilL, Ll)niinunicaiions and L()mpliance DLprLLlation and protiill()ss on sale ()i- fixLd asscts ExchangL I()551(gain) on ovLrsLas bank balances BInk ch&irges 30() 12,888 862 12,888 538 196 67.3 221 196 1.3,928 1.5,11511 TOTAI. RESOURCES EXPENDED 103,448 33,352 136,800 142J94 NET INCOMINGI(OUI'GOING) RESOURCES FOR THE YEAR and NET MOVEMENT IN FUNDS (28,572) (28,572) 76.228
CHRESTOS MISSION STATEMENT or FINANCIAL ACTIVITIF.S, continued {incorporating INCOME AND EXPENDITURE ACCOUNT) for the year ended 31 December 2024 2024 2023 RECONCILIATION OF FUNDS (Note l(g) to the accounts) Unre.slricÉedfuiids.' General Fund Fund br()ughi fi)rward InLominb7 resourLL.% lor ihe yLar IOutgc)ing) resources for the yLar 478,825 74,876 I I1)1,448) 402,.fj97 182,398 (106.1711) Fund carrild torward 450,253 478025 Designated Fund: Orphanage Reserve Fund br()ilCThi torward and carriLd l()rward 25,000 25,0 Reslricledfunds.. Sponsorship Fund Fund brouohi lorward InL()tning r¢¥ourLL% lor IhL yLar'. Bible School %iudLnl .4p(In.s()rships Orphan .8ponscir%hips Stal-f sponsor.ships 24,149 2,690 Iouigoing) rLs()urcL.s Ic)r the yLar- BiblL Sch()c)I ()rphanagL MLdia Thailand administr¥tli(In expenses (24,2117} {8.0691 (2.5,247) (9,130) (549) {1,098} (5.38) {3.3,-352) (36,224) Fund carried forward 10
CHRESTOS MISSION (Company limited by guarantee and not having a share capital) Company number: 450096.3 BALANCE SHEET 31 December 2024 2024 2023 Note FIXED ASSETS TangiblL asseis (Thailand) 374,18.3 CURRENT ASSETS Dcbi()r.s Cash ai b(ink cqnd in hand.. UniiLd Kiniyd()m Th(Iiland 8,441 8.441 91,772 1,629 95.637 26,7()4 111,842 CREDITORS: Amounts falling due within one year 130,842 (1,200) (1,20Q} NET CURRENT ASSETS 110,642 129,642 TOTAL ASSETS LESS CURRENT LIABILITIES 475,25.3 503,112.S NET ASSETS 475,253 S03,825 FUNDS Isee page 8) Unreslricted Fuiids.. General Pund Designated Fund.. Orphanage Reserve l(g) 450,25.3 2.5,000 4711.825 25.IlQO 475.2.53 Re,¥¢ricled Fund.f.' Sponsorship Fund -503,825 TOTAL FUNDS 475,253 503,825 For thL year endLd I l DeeLmber 2024, the company was eniiiled to LxLmplion Irom (iudil under subsLCliI)n l of section 477 01. IhL C()mpanie.5 Aci 200() (IhL ALI). MLinbLr% havL' niil rLquirLd IhL LC)mpany lo obtain an audit of ils aLLC)unls f()r the yLar in question undLr the provisi()n% ()f SL'Lli(In 476 c)l- thL ALI. Thc TrusiLC8 aLknowl¢dge IhLir responsibility lor complying with the requirLmLnl% i)r IhL Act wilh rL%pecl lo accc)unling r¢L(Irds and preparaiion ot acLI)unts. Approved by ihe DirLLtors and TrustCLS l)n l O May 2025 and signLd i)n their bLhalt by .and PelLr MiiyLock hn SilvLr.%lc)n¢
CHRESTOS MISSION NOTES TO THE ACCOUNTS for the year ended 31 DeLember 2024 I ACCOUNTING POI.ICIES a) Basis of accounting The accounts have been prepared in accordiince with ihe Companies Act 2006 and the Stcltement of Recommended Practice 'Accounling and Reporting by Charitie%' (FRS 102) effective l January 2019. Where necess<lry the headings laid down in the Act have been adapted to meet the special activities of the charity. b) Income Gifts and legacies (ire accounted for when received by Chrestos Mission. Tax recoverable on gift aid income is accounted for when the gift aid income is received as far as it is prudent to do So. Revenue gr&int% are crediled to the income and expenditure account as received, unle.s% related to a Specific period, when they are placed in a reslricled fund until u%ed. c) GifLs in kind Chrestos Mission receives ihe benefit of work Ldrried out by volunteers and receive% the use of facilities <ind equipmcnl without ch<irge. No value 1.8 pldced on these item.s in the dccounls. d) Expenditure Expenditure is recognised on dn accruals basis. Expenditure i% therefore treated a8 incurred on the date it is invoiced, or the liability cryst(Illises. e) Foreign currencies Almo.8t all of ihe expenditure of Chresto.s Mission is incurred in Thailand. The Th<li income and expenditure for the year has been translated inlo %lerling pounds by converting at a rale of Baht 44.50 £1 (2023.. Baht 43._53 _ £1 }, being the aver<ige rate th<lt applied to trdnsfers ol Chre%tos Mission funds from the United Kingdom to Thiiiland during the ye(Ir. Fixed as%ets in Thailand are st(Ited in thL balance shcet dl their historical conversion Lost. Curreni asscts in Thiiiland. including baiik balance%, are translated at the average rate shown <ibove. This policy has the effect of eliminaling all exchInge differences in the accounts except for the gain or loss arising on retranslation of Thai b(mk balances held at the beginning of the year at ihe current year exchange rate. D Fixed assets and depreciation Fixed assets are staled in the balance sheet clt cosl, le.s.s a provision for depreciation. Depreciation is provided to write off the cost of fixed assets over iheir eslimaled useful lives at the following rates.. Land - not depreciated Land prep(Ifdlion and building costs- per annum on a slraight line basis Equipment and in5tcillations - 25fo per (Innum of reducing balance Music, Studio and PA equipment- 25% per annum nt reducing bal(Ince Furniture and fittings - 2.Sfo per (Innum of reducing bal(ince Motor vehicles - 2510 per (Innum of reducing balance 12
CHRESTOS MISSION NOTES TO THE ACCOUNTS, continued for the year ended 31 December 2024 I ACCOUNTINC. POLICIES, continued g} Funds Unrestricted fund.s are funds which C<in be used in accordance with the charitable objects of ChrL'Stos Mission (it the discrelion of the trustees. The Mission'.s M1]17 unrestricted fund is the General Fund. which may be used for any purpose within the charitable objects of the Mission. Designdted funds are a form of unrestricted funds which have been designated for a specific us(Ige by the tru%lees. The Orphanage Reserve was e.%tablished in 2014 in reLogiiitton of Chrestos Mi.%.sion'% ommitinenl to the children in the orph(inage at Mae Sariang, by providing d reserve fund for the continuance of ihe orphanage in the event ihal the flow of income into the Mission 1% temporarily halied or reduced io levels insufficient to cover ongoing expenses. Restricled funds are fund.s which are to be used in accorddnce with specific re.striction8 imposed by donor.% or which have been raised tor partlLuldr purpose.%. Thc Sponsor.%hip Fund W<1% estiiblished to receive sponsor%hip monies given toward the cosls of Bible School students. orph(Ins and %taff maintiiined by Chrestos Mission dt Mae Sariang. 2 FIXED ASSETS Music, Land & Equipment studio&PA Furniture buildings & instllns equipment & fittings Motor vehicles Total Cost At l January 2024 Additions in the year Disposals in the year 468.010 29..560 1,08.5 34.309 1,336 45,971 895 40,492 618.342 At 31 December 2024 468,010 -30,645 35,645 46.866 40.492 621.6_58 Depreciation At l January 2024 Charge for the year Eliminated on disposals 108,630 2_fj,074 1.392 -31,400 1.062 42.-521 1.086 36..5.34 990 244,159 12,888 At 31 December 2024 116,988 26.466 37,.524 2.57.047 Net book value At 31 December 2024 .3.51.022 4,179 -1.183 2.968 364.611 At 31 December 2023 359,380 4.486 2.909 3.450 3,958 374.183 All of ihe fixed dssels shown above <ire %iluated in Thailand. The Idnd and buildings ar¢ held in the name of ihe Thdiland-regi%tered charity. Chrestos Mission Foundation.
CHRESTOS MISSION NOTES TO THE ACCOUNTS, continued for the year ended 31 December 2024 3 DEBTORS 2024 2023 Tax recoverable on gift aid income 8.441 8.441 4 CREDITORS: Amounts falling due wlthin one year 2024 2023 Expenditure accruals 1,200 1.2tK) 5 ANALYSIS OF NET ASSETS BETWEEN FUNDS (Note l(g}) General Designated Restricted Fund Funds Funds Total T<ingible fixed assets Debtors Cash ai biink and in hand- UK Thailand -364,61 8.441 66,772 11,629 (1.200) 364.611 8,441 91.772 11.629 (1.200) 25,000 Credilor.8 Net dssets at 31 December 2024 450,2.53 25,0(K) 47.5,2.53 6 PAYMENTS TO TRUSTEES AND CONNECTED PERSONS No remuneralion was paid to dny Trustee. nor lo any person connected with a Tru.stee, during ihe year. 14