Charity Number: 1099921
THEOTHERAPY CHRISTIAN FELLOWSHIP TRUST
UNAUDITED
TRUSTEES’ REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
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 |
| Cash Flow Statement | 8 |
| Notes to the Cash Flow Statement | 9 |
| Notes to the financial statements | 10-16 |
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THEOTHERAPY CHRISTIAN FELLOWSHIP TRUST
REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISORS
FOR THE YEAR ENDED 31 DECEMBER 2024
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 Mitlev Services Limited 71 Sunny Gardens Road London NW4 1SJ Bankers HSBC plc PO Box 27 101 – 103 Station Road Edgware HA8 7JJ
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THEOTHERAPY CHRISTIAN FELLOWSHIP TRUST
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 DECEMBER 2024
The trustees present their annual report together with the financial statements of the charity for the year ended 31 December 2024. 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:
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The advancement of the Christian faith which the charity develops through its weekly services, worship meetings and evangelistic activities
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The advancement of education on the basis of Christian principles which is carried out through weekly development, training courses and person to person contact
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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 scout group for the community 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.
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THEOTHERAPY CHRISTIAN FELLOWSHIP TRUST
REPORT OF THE TRUSTEES (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
FINANCIAL REVIEW
Financial position
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 £558,132. Expenditure for the year was £333,689. As a result, there was net income for the year of £224,443. The balance to carry forward at the end of the year was £1,367,698.
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.
Reserves policy
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.
FUTURE PLANS
During 2024, the charity successfully launched a home-school hub to educate the next generation. In 2025, the charity aims to enhance and develop this hub further to better serve the community and aim to have it formally approved as a ‘learning centre’. The trustees are already working on ensuring all the necessary regulations are in place to support this. 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
Governing document
The charity was established under a declaration of trust on 10 July 2003.
Recruitment and appointment of new trustees
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.
Organisational structure
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.
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THEOTHERAPY CHRISTIAN FELLOWSHIP TRUST
REPORT OF THE TRUSTEES (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
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:
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select suitable accounting policies and then apply them consistently;
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observe the methods and principles in the Charities SORP;
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make judgments and estimates that are reasonable and prudent;
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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 29 October 2025 and signed on their behalf by:
SANDY CHONILLO Trustee
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THEOTHERAPY CHRISTIAN FELLOWSHIP TRUST
INDEPENDENT EXAMINER’S REPORT FOR THE YEAR ENDED 31 DECEMBER 2024
Independent examiner's report to the trustees of Theotherapy Christian Fellowship Trust (Charity No. 1099921)
I report to the trustees on my examination of the accounts of the Theotherapy Christian Fellowship Trust (“the Trust”) for the year ended 31 December 2024 which are set out on pages 6 to 16.
Responsibilities and basis of report
As the charity’s trustees, 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 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
The charity’s gross income exceeded £250,000 and I am qualified to undertake the examination by being a qualified member of the Association of Chartered Certified 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:
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accounting records were not kept in respect of the charity as required by section 130 of the Charities Act; or
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the accounts did not accord with the accounting records; or
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the accounts did 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.
Joshua Bharier ACCA Mitlev Services Limited 71 Sunny Gardens Road London NW4 1SJ
29 October 2025
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THEOTHERAPY CHRISTIAN FELLOWSHIP TRUST
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 DECEMBER 2024
| Notes Income from: Donations 2 Income from charitable activities 3 Other income 4 Investment income 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 2024 Total Funds at 31 December 2024 |
Unrestricted Restricted Total Total funds funds funds funds 2024 2024 2024 2023 £ £ £ £ 405,750 - 405,750 394,130 5,672 35,073 40,745 114,259 89,184 - 89,184 73,304 22,453 - 22,453 8,286 523,059 35,073 558,132 589,979 299,840 33,849 333,689 408,158 299,840 33,849 333,689 408,158 223,219 1,224 224,443 181,821 1,123,653 19,602 1,143,255 961,434 1,346,872 20,826 1,367,698 1,143,255 |
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All activities relate to continuing operations.
The attached notes form part of these financial statements.
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THEOTHERAPY CHRISTIAN FELLOWSHIP TRUST
BALANCE SHEET
| AS AT 31 DECEMBER 2024 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 |
2024 2023 £ £ 1,583 2,940 69,465 68,008 1,302,875 1,076,133 1,372,340 1,144,141 6,225 3,826 1,366,115 1,140,315 1,367,698 1,143,255 1,346,872 1,123,653 20,826 19,602 1,367,698 1,143,255 |
|---|---|
The financial statements were approved by the trustees on 29 October 2025 and signed on their behalf by:
SANDY CHONILLO Trustee
The attached notes form part of these financial statements
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THEOTHERAPY CHRISTIAN FELLOWSHIP TRUST
CASH FLOW STATEMENT
| FOR THE YEAR ENDED 31 DECEMBER 2024 Notes Cash flows from operating activities Cash generated from operations 1 Net cash used in operating activities Cash flows from investing activities Interest received Net cash provided by/(used in) investing activities Change in cash and cash equivalents in the reporting period Cash and cash equivalents at the beginning of the reporting period Cash and cash equivalents at the end of the reporting period |
2024 2023 £ £ 204,289 159,032 204,289 159,032 22,453 8,286 22,453 8,286 226,742 167,318 1,076,133 908,815 1,302,875 1,076,133 |
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THEOTHERAPY CHRISTIAN FELLOWSHIP TRUST
NOTES TO THE CASH FLOW STATEMENT
FOR THE YEAR ENDED 31 DECEMBER 2024
1. RECONCILIATION OF NET EXPENDITURE TO NET CASH FLOW FROM OPERATING ACTIVITIES
| NET CASH FLOW FROM OPERATING ACTIVITIES Net expenditure for the reporting period (as per the Statement of Financial Activities) Adjustments for: Depreciation charges Interest received (Increase)/decrease in debtors Increase/(decrease) in creditors Net cash used in operations |
2024 2023 £ £ 224,443 181,821 1,357 2,655 (22,453) (8,286) (1,457) (15,242) 2,399 (1,916) 204,289 159,032 |
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2. ANALYSIS OF CHANGES IN NET FUNDS
| Net cash Cash at bank |
At 01.01.24 Cash flow At 31.12.24 £ £ £ 1,076,133 226,742 1,302,875 1,076,133 226,742 1,302,875 |
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THEOTHERAPY CHRISTIAN FELLOWSHIP TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
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 financial statements have been prepared on a going concern basis. The trustees have reviewed the charity’s financial position, reserves, and future plans, and have reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Accordingly, the trustees continue to adopt the going concern basis in preparing the financial statements.
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.
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THEOTHERAPY CHRISTIAN FELLOWSHIP TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
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.
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.
1.10 Taxation
The entity is considered to pass the tests set out in Sch. 6, para. 1 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the entity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Pt. 11, Ch. 3of the Corporation Tax Act 2010 or s. 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.
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THEOTHERAPY CHRISTIAN FELLOWSHIP TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
| 2. Income from donations Church offerings Income tax receivable on gift aid donations 3. Income from charitable activities Event - Carroty 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 2024 2024 2024 2023 £ £ £ £ 337,596 - 337,596 330,525 68,154 - 68,154 63,605 405,750 - 405,750 394,130 - 23,061 23,061 23,425 - - - 73,964 - 12,012 12,012 13,905 5,672 - 5,672 2,965 5,672 35,073 40,745 114,259 6,168 - 6,168 13,849 73,409 - 73,409 56,855 9,607 - 9,607 2,600 89,184 - 89,184 73,304 |
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For the year ended 31 December 2023 £470,399 related to unrestricted funds and £111,294 related to restricted funds.
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THEOTHERAPY CHRISTIAN FELLOWSHIP TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
| 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 - Carroty Wood Israel Event cost - Redil Camp Small events Sundry equipment Welfare and hospitality Accountancy fees 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 2024 2024 2024 2023 £ £ £ £ 6,832 - 6,832 12,031 28,109 - 28,109 46,693 -429 - -429 10,336 34,512 - 34,512 69,060 23,922 - 23,922 20,867 11,519 - 11,519 29,600 23,802 - 23,802 22,360 67,445 - 67,445 56,311 9,259 - 9,259 10,189 9,185 - 9,185 10,593 - 21,409 21,409 21,394 - - - 76,639 - 12,440 12,440 12,807 6,188 - 6,188 2,262 24,370 - 24,370 8,071 4,607 - 4,607 2,766 1,859 - 1,859 - 59,166 - 59,166 44,302 14,446 - 14,446 11,529 3,025 - 3,025 3,540 5,178 - 5,178 3,213 1,357 - 1,357 2,655 299,840 33,849 333,689 408,158 |
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For the year ended 31 December 2023 £297,318 related to unrestricted funds and £110,840 related to restricted funds.
The Independent Examiners fees for the year ended 31 December 2024 were £1,400 (2023: nil).
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THEOTHERAPY CHRISTIAN FELLOWSHIP TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
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 - Carroty Wood Israel Event cost - Redil Camp Small events Sundry equipment Welfare and hospitality Accountancy fees 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 2024 2023 £ £ £ £ 34,512 - 34,512 69,060 23,922 - 23,922 20,867 11,519 - 11,519 29,600 23,802 - 23,802 22,360 60,701 6,745 67,445 56,311 9,259 - 9,259 10,189 8,267 919 9,185 10,593 21,409 - 21,409 21,394 - - - 76,639 12,440 - 12,440 12,807 6,188 - 6,188 2,262 21,933 2,437 24,370 8,071 4,607 - 4,607 2,766 1,859 - 1,859 - 59,166 - 59,166 44,302 14,446 - 14,446 11,529 2,723 303 3,025 3,540 4,661 518 5,178 3,213 1,357 - 1,357 2,655 322,769 10,920 333,689 408,158 |
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For the year ended 31 December 2023 £397,366 related to direct costs and £10,792 related to support costs.
7. Staff costs
| Salaries Employers national insurance contributions Pension contributions |
Total Total funds funds 2024 2023 £ £ 66,000 54,452 - 787 1,445 1,072 67,445 56,311 |
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Average number of staff that served during the period - 3 (2023 - 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.
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THEOTHERAPY CHRISTIAN FELLOWSHIP TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
| 8. Fixed assets Cost at 1 January 2024 Addition in the year Disposal in the year Cost at 31 December 2024 Depreciation at 1 January 2024 Depreciation for the year Disposal in year Depeciation at 31 December 2024 Net book value at 31 December 2024 Net book value at 31 December 2023 9. Debtors Income tax recoverable Other debtors 10. Creditors: amounts falling due within one year Income received in advance Other creditors |
Equipment Total £ £ 18,345 18,345 - - - - 18,345 18,345 15,405 15,405 1,357 1,357 - - 16,762 16,762 1,583 1,583 2,940 2,940 2024 2023 £ £ 51,694 46,515 17,771 21,493 69,465 68,008 857 1,000 5,368 2,826 6,225 3,826 |
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THEOTHERAPY CHRISTIAN FELLOWSHIP TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
| 11. Movement in funds Israel Event - Carroty Wood Event - Redil Camp General fund Total of funds |
Brought Incoming Resources Carried forward resources expended forward £ £ £ £ 10,753 - - 10,753 7,751 23,061 21,409 9,403 1,098 12,012 12,440 670 19,602 35,073 33,849 20,826 1,123,653 523,059 299,840 1,346,872 1,143,255 558,132 333,689 1,367,698 |
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Unrestricted funds are those available to the trustees for the general purposes of the charity.
Restricted funds
During the year, the charity received donations and grants to be applied for specific purposes as listed below:
Carroty Wood
Funds designated to support the youth spiritual camp held at Carroty Wood, Kent, providing a safe and reflective environment for young people to strengthen their values and find support in overcoming challenges such as alcohol or drug misuse. The fund also supports training for volunteers and leaders involved in the camp.
Redil Camp
Funds designated to support the Redil spiritual camp organised at the Madrid branch, offering a similar retreat experience for young people and volunteers. The fund also contributes towards the upkeep and maintenance of the camp facilities in Spain.
12. Related party disclosures
During the year, the husband of one of the trustees was paid £24,000 for services to the charity. The services were provided on normal commercial terms and at arm’s length.
Income from donations includes £22,915 (2023: £22,855) received from the trustees.