**Charity number : 1099921**
## **THEOTHERAPY CHRISTIAN FELLOWSHIP TRUST**
## **UNAUDITED**
**TRUSTEES’ REPORT AND FINANCIAL STATEMENTS**
**FOR THE YEAR ENDED 31 DECEMBER 2023**
## **THEOTHERAPY CHRISTIAN FELLOWSHIP TRUST**
## **CONTENTS**
||**Page**|
|---|---|
|Reference and administrative details of the charity, its trustees and advisors|1|
|Trustees’ report|2-4|
|Independent examiner’s report|5|
|Statement of financial activities|6|
|Balance sheet|7|
|Notes to the financial statements|8-12|
1
## **THEOTHERAPY CHRISTIAN FELLOWSHIP TRUST**
## **REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISORS**
## **FOR THE YEAR ENDED 31 DECEMBER 2023**
**Trustees** Sandy Chonillo Enrique Pavon Garcia Alvaro A Baeza Nunes Enrique Pavon Castro **Charity registration number** 1099921 **Principal office** Veterans Hall Osidge Lane Southgate London N14 5DU **Independent examiner** Roger J Seaton FCA 23 Greenhill Park Barnet Herts EN5 1HQ **Bankers** HSBC plc PO Box 27 101 – 103 Station Road Edgware HA8 7JJ
2
## **THEOTHERAPY CHRISTIAN FELLOWSHIP TRUST**
## **REPORT OF THE TRUSTEES**
## **FOR THE YEAR ENDED 31 DECEMBER 2023**
The trustees present their annual report together with the financial statements of the charity for the year ended 31 December 2023. The trustees confirm that the annual report and financial statements of the charity comply with current statutory requirements, the requirements of the charity’s governing document and the provisions of the Statement of Recommended Practice (SORP), 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 2015).
## **Objectives and activities**
In setting objectives and planning for activities, the trustees have given due consideration to general guidance published by the charity commission relating to public benefit and in particular to its supplementary public benefit guidance on the advancement of religion for the public benefit which is the primary aim of the charity.
The overall objectives of the charity are:
- The advancement of the Christian faith which the charity develops through its weekly services, worship meetings and evangelistic activities
- The advancement of education on the basis of Christian principles which is carried out through weekly development, training courses and person to person contact
- The relief of persons who are in conditions of need, hardship or distress or who are sick and aged
These objectives are achieved through the leadership of a pastoral team. They are responsible for the spiritual guidance by developing strategies that follow the Christian faith and keep a close relationship with the people who are involved with the charity and support its vision. As part of the leadership team the charity has a pastor who is responsible for the day-to-day issues as well as the management of all related activities within the scope of the church and community. In addition to this person a team of volunteers is always able to help and support any requirement needed to accomplish each activity successfully.
The charity remains deeply concerned about people who are in conditions of need, hardship or distress and those who are sick and aged. In keeping with this objective, during the year, the charity has continued to work with CCI in Spain and Israel, as well as supporting a children’s project in Venezuela, by sending volunteers and material resources from church members. The charity has also made grants to start up a nursery school in an adjacent property
## **Achievements and performance**
A review of the activities and the results for the year are shown in the statement of financial activities.
3
## **THEOTHERAPY CHRISTIAN FELLOWSHIP TRUST**
## **REPORT OF THE TRUSTEES**
## **FOR THE YEAR ENDED 31 DECEMBER 2023**
## **Financial review**
The charity’s funds are divided into restricted and unrestricted funds. Restricted funds can only be used for the purpose for which they are set up. The unrestricted fund, the general fund, is the main fund which receives income and from which payment is made for the cost of running the charity and its activities. The income for the year was £478,685. Expenditure for the year was £297,318. As a result, there was net income for the year of £181,367. The balance to carry forward on unrestricted funds at the end of the year was £1,123,653.
Because of continuing giving by the congregation, the charity trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the accounts.
It is the policy of the trustees to maintain a balance on general fund which equates to three months unrestricted payments. The current balance exceeds this figure.
It continues to remain the aim of the trustees to purchase a property for the charity’s use and there have been some investigations during the year, but the costs have all been well in excess of the charity’s resources. Thus, the trustees are continuing to build up funds to enable a property to be purchased in the future.
## **Plans for the future**
During 2024 the charity has started a home-school hub in order to educate the next generation. There is a continuing need for the charity to maintain and expand its work both in the community in which it operates and abroad, including the need for more volunteers. Long-term, the ownership of a property would aid this expansion.
## **Structure, governance and management**
The company was established under a declaration of trust on 10 July 2003.
New trustees are appointed from time to time by the existing trustees. Recruitment will focus on persons who have an interest in the objectives of the charity.
The trustees have met or have been in contact monthly during the year to discuss the financial and spiritual affairs of the charity and to plan forthcoming events.
The trustees have assessed the major risks to which the charity is exposed and are satisfied that systems and procedures are in place to mitigate exposure to the major risks to which the charity might be exposed.
4
## **THEOTHERAPY CHRISTIAN FELLOWSHIP TRUST**
## **REPORT OF THE TRUSTEES**
## **FOR THE YEAR ENDED 31 DECEMBER 2023**
## **Statement of trustees’ responsibilities**
The trustees are responsible for preparing the trustees’ annual report and financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
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 resources and application of resources of the charity for that year. 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 judgments and estimates that are reasonable and prudent;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.
The trustees are responsible for keeping proper accounting records that are sufficient to show and explain the charity’s transactions and 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 Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Approved by the board of trustees on 23 October 2024 and signed on their behalf by:
SANDY CHONILLO Trustee
5
## **THEOTHERAPY CHRISTIAN FELLOWSHIP TRUST**
## **INDEPENDENT EXAMINER’S REPORT FOR THE YEAR ENDED 31 DECEMBER 2023**
## **Independent examiner's report to the trustees of Theotherapy Christian Fellowship Trust**
I report to the trustees on my examination of the accounts of the Theotherapy Christian Fellowship Trust for the year ended 31 December 2023 which are set out on pages 6 to 12.
## **Responsibilities and basis of report**
As the charity’s 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 the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
## **Independent examiner's statement**
Since the charity’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the Act. I confirm that I am qualified to undertake the examination because I am member of the Institute of Chartered Accountants, which is one of the listed bodies.
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 accounts do not accord with those records; or
3. 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 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.
ROGER SEATON FCA 23 Greenhill Park Barnet, Herts EN5 1HQ
23 October 2024
6
## **THEOTHERAPY CHRISTIAN FELLOWSHIP TRUST**
## **STATEMENT OF FINANCIAL ACTIVITIES**
## **FOR THE YEAR ENDED 31 DECEMBER 2023**
|Notes
**Income from:**
Donations
2
Income from charitable activities
3
Other income
4
Bank interest
**Total income**
**Expenditure on:**
Charitable activities
5,6
**Total expenditure**
**Net income and net movement**
**of funds for the year**
**Reconciliation of funds:**
Total Funds at 1 January 2023
**Total Funds at 31 December 2023**|Unrestricted
Restricted
Total
Total
funds
funds
funds
funds
2023
2023
2023
2022
£
£
£
£
394,130
394,130
353,938
2,965
111,294
114,259
79,336
73,304
73,304
58,084
8,286
8,286
978
**478,685**
**111,294**
**589,979**
**492,336**
297,318
110,840
408,158
410,468
**297,318**
**110,840**
**408,158**
**410,468**
**181,367**
**454**
**181,821**
**81,868**
942,286
19,148
961,434
879,566
**1,123,653**
**19,602**
**1,143,255**
**961,434**|
|---|---|
All activities relate to continuing operations.
The attached notes form part of these financial statements.
7
## **THEOTHERAPY CHRISTIAN FELLOWSHIP TRUST**
## **BALANCE SHEET**
|**AS AT 31 DECEMBER 2023**
Notes
Fixed assets
8
Current assets
Debtors
9
Cash at bank and in hand
Current liabilities
Creditors: amounts falling due within one year 10
Net current assets
**Net assets**
Charity funds:
General fund
Restricted funds
11
**Total funds**|2023
2022
£
£
2,940
5,595
68,008
52,766
1,076,133
908,815
1,144,141
961,581
3,826
5,742
1,140,315
955,839
**1,143,255**
**961,434**
1,123,653
942,286
19,602
19,148
**1,143,255**
**969,434**|
|---|---|
The financial statements were approved by the trustees on 23 October 2024 and signed on their behalf by:
SANDY CHONILLO Trustee
The attached notes form part of these financial statements
8
## **THEOTHERAPY CHRISTIAN FELLOWSHIP TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023**
## **1. Accounting Policies**
## **1.1 Basis of preparation of financial statements**
The financial statements have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant notes to these accounts. The financial statements have been prepared in accordance
with Statement of Recommended Practice : Accounting and Reporting by Charities 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 2015) - (the Charities SORP (FRS 102), and the Charities Act 2011.
The charity constitutes a public benefit entity as defined by FRS 102.
## **1.2 Income**
All income is recognised once the charity has entitlement to the income, it is probable that the income will be received and the amount of income can be measured reliably.
Income tax recoverable in relation to donations received under Gift Aid is recognised at the time of the donation.
## **1.3. Expenditure**
Expenditure is recognised once there is a legal or constructive obligation to make payment to a third party. It is probable that settlement will be required and the amount of the obligation can be measured reliably.
All expenditure is accounted for on an accruals basis. All expenses including support costs and governance costs are allocated to the applicable expenditure headings.
Support costs are costs incurred directly in support of expenditure on the objects of the charity. Governance costs are those incurred in connection with the administration of the charity and compliance with constitutional and statutory requirements.
All resources expended are inclusive of irrecoverable VAT.
## **1.4 Fund accounting**
General funds are expendable at the discretion of the trustees in furtherance
of the objects of the company. Restricted funds are those funds that have been donated for a particular purpose and must be spent by the trustees on the furtherance of that purpose.
## **1.5 Fixed assets**
Fixed assets are depreciated on a straight line basis over 4 years. Individual items with a purchase price of £1,000 or less are written off when the asset is acquired.
9
## **THEOTHERAPY CHRISTIAN FELLOWSHIP TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023**
## **1.6 Debtors**
Debtors include income tax recoverable on donations received under gift aid and have been brought into the financial statements on the basis that the income is recognised at the time of the donation.
## **1.7 Creditors**
Creditors are recognised where the charity has a present obligation resulting from a past event that will probably result in a transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably.
## **1.8 Financial instruments**
The charity only has financial assets and financial liablities of a kind that qualifies as basic financial instruments. Basic financial instruments (including debtors and creditors) are initially recognised at transaction value and subsequently measured at their settlement value.
## **1.9 Cash at bank and in hand**
Cash at bank and in hand includes cash and current and immediate access deposit accounts.
|**2. Income from donations**
Church offerings
Income tax receivable on gift aid donations
**3. Income from charitable activities**
Event - Carrotty Wood
Israel
Event - Redil camp
Small events
**4. Other income**
Rental income
Bookshop and coffee shop income
Sundry income|Unrestricted
Restricted
Total
Total
funds
funds
funds
funds
2023
2023
2023
2022
£
£
£
£
330,525
330,525
282,946
63,605
63,605
70,992
394,130
394,130
353,938
23,425
23,425
18,585
73,964
73,964
48,558
13,905
13,905
10,318
2,965
2,965
1,875
2,965
111,294
114,259
79,336
13,849
13,849
12,800
56,855
56,855
44,560
2,600
2,600
724
73,304
73,304
58,084|
|---|---|
For the year ended 31 December 2022 £413,897 related to unrestricted funds and £77,461 related to restricted funds.
10
## **THEOTHERAPY CHRISTIAN FELLOWSHIP TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023**
|**5. Expenditure on charitable activities**
**Summary by fund type**
Grants payable:
Spain
Overseas and UK projects
Nursery school set up
Property overhead costs
Repairs and maintenance
Youth house costs
Wages
Travel expenses
Motor expenses
Event cost - Carrotty Wood
Israel
Event cost - Redil camp
Small events
Sundry equipment
Welfare and hospitality
Bookshop and coffee shop costs
Ministry,evangelism and training
Administration and IT costs
Sundry expenses including bank charges
Depreciation|Unrestricted
Restricted
Total
Total
funds
funds
funds
funds
2023
2023
2023
2022
£
£
£
£
12,031
12,031
17,550
46,693
46,693
145,113
10,336
10,336
0
69,060
69,060
162,663
20,867
20,867
17,557
29,600
29,600
6,249
22,360
22,360
20,976
56,311
56,311
45,299
10,189
10,189
3,735
10,593
10,593
4,335
21,394
21,394
17,033
76,639
76,639
47,419
12,807
12,807
14,484
2,262
2,262
1,450
8,071
8,071
8,357
2,766
2,766
5,103
44,302
44,302
36,283
11,529
11,529
11,943
3,540
3,540
4,552
3,213
3,213
601
2,655
2,655
2,429
**297,318**
**110,840**
**408,158**
**410,468**|
|---|---|
For the year ended 31 December 2022 £333,289 related to unrestricted funds and £77,179 related to restricted funds.
11
**THEOTHERAPY CHRISTIAN FELLOWSHIP TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023**
## **6. Analysis of expenditure on charitable activities**
|Grants payable
Property overhead costs
Repairs and maintenance
Youth house costs
Wages
Travel expenses
Motor expenses
Event cost - Carrotty Wood
Israel
Event cost - Redil camp
Small events
Sundry equipment
Welfare and hospitality
Bookshop and coffee shop costs
Ministry,evangelism and training
Administration and IT costs
Sundry expenses including bank charges
Depreciation|Direct
Support
Total
Total
costs
costs
2023
2022
£
£
£
£
69,060
69,060
162,663
20,867
20,867
17,557
29,600
29,600
6,249
22,360
22,360
20,976
50,680
5,631
56,311
45,299
10,189
10,189
3,735
9,534
1,059
10,593
4,335
21,394
21,394
17,033
76,639
76,639
47,419
12,807
12,807
14,484
2,262
2,262
1,450
7,264
807
8,071
8,357
2,766
2,766
5,103
44,302
44,302
36,283
11,529
11,529
11,943
2,655
885
3,540
3,078
803
2,410
3,213
2,075
2,655
2,655
2,429
**397,366**
**10,792**
**408,158**
**410,468**|
|---|---|
For the year ended 31 December 2022 £406,421 related to direct costs and £4,047 related to support costs.
## **7. Staff costs**
|Salaries
Employers national insurance contributions
Pension contributions|Total
Total
funds
funds
2023
2022
£
£
54,452
43,206
787
1,221
1,072
872
56,311
45,299|
|---|---|
Average number of staff that served during the period - 3 (2022 - 3).
The trustees are considered the key management personnel of the charity. No trustee received any remuneration or any benefits in kind or any reimbursement of expenses, except that the husband of one of the trustees was paid £24,000 during the year for services to the charity. Income from donations includes £22,855 (2022: £11,138) received from trustees.
12
## **THEOTHERAPY CHRISTIAN FELLOWSHIP TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023**
|**8. Fixed assets**
Cost at 1 January 2023
Addition in the year
Disposal in the year
Cost at 31 December 2023
Depreciation at 1 January 2023
Depreciation for the year
Disposal in year
Depeciation at 31 December 2023
**Net book value at 31 December 2023**
Net book value at 31 December 2022
**9. Debtors**
Income tax recoverable
Other debtors
**10. Creditors: amounts falling due within one year**
Income received in advance
Other creditors
**11. Restricted funds**
Israel
Event - Carrotty Wood
Event - Redil camp
**General fund**
**Total of funds**|Motor cars
Equipment
Total
£
£
£
14,650
18,345
32,995
0
0
14,650
18,345
32,995
14,650
12,750
27,400
2,655
2,655
14,650
15,405
30,055
**0**
**2,940**
**2,940**
0
5,595
5,595
2023
2022
£
£
46,515
52,566
21,493
200
**68,008**
**52,766**
1,000
5,392
2,826
350
**3,826**
**5,742**
Brought
Incoming
Resources
Carried
forward
resources
expended
forward
£
£
£
£
13,428
73,964
76,639
10,753
5,720
23,425
21,394
7,751
13,905
12,807
1,098
19,148
111,294
110,840
19,602
942,286
478,685
297,318
1,123,653
**961,434**
**589,979**
**408,158**
**1,143,255**|
|---|---|