**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|
1
## **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
2
## **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:
- 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 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.
3
## **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.
4
## **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:
- 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 29 October 2025 and signed on their behalf by:
SANDY CHONILLO Trustee
5
## **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:
1. accounting records were not kept in respect of the charity as required by section 130 of the Charities Act; or
2. the accounts did not accord with the accounting records; or
3. 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
6
## **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**|
|---|---|
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 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
8
## **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|
|---|---|
9
## **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|
|---|---|
## **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|
|---|---|
10
## **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.
11
## **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.
12
## **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|
|---|---|
For the year ended 31 December 2023 £470,399 related to unrestricted funds and £111,294 related to restricted funds.
13
## **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**|
|---|---|
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).
14
## **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**|
|---|---|
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|
|---|---|
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.
15
## **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**|
|---|---|
16
## **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**|
|---|---|
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.