Charity Registration No. 1106219 Company Registration No. 05224644 (England and Wale51 CHILTERN CHRISTIAN TRUST FINANCIAL STATEMENTS 31 DECEMBER 2025 **CHILTERN CHRISTIAN TRUST FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2025** ## **CONTENTS** ||**Page**| |---|---| |Contents|1| |Board Members and Administrative information|2| |Trustees’ Report including Directors’ report|3-6| |Independent Examiner’s Report|7| |Statement of financial activities (incorporating an income and expenditure account)|8| |Balance sheet|9| |Notes to the financial statements|10-15| **Charity Registration No. 1106219 Company Registration No. 05224644 (England and Wales)** **Page 1** ## **CHILTERN CHRISTIAN TRUST** ## **FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2025** ## **BOARD MEMBERS AND ADMINISTRATIVE INFORMATION** ## **Trustees and Directors** M R Chiappetti J C Clare J G Dyas P Flory – Company Secretary M B Hafner – Chairman D J Thornton P Flory **Company Secretary** P Flory **Charity number** 1106219 **Company number Registered and Principal office** 05224644 6 Rachels Way Chesham Buckinghamshire HP5 1SZ **Bankers** National Westminster Plc Oakfield Corner Amersham Buckinghamshire HP6 5BU **Independent Examiner** Jessica M Jones 6 South Road Amersham HP6 5LX **Charity Registration No. 1106219 Company Registration No. 05224644 (England and Wales)** **Page 2** ## **CHILTERN CHRISTIAN TRUST** ## **FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2025** ## **TRUSTEES’ REPORT INCLUDING DIRECTORS' REPORT** The directors present their report and the financial statements of the charitable company for the year ended 31 December 2025. ## **Legal status** Chiltern Christian Trust ("the Company") is a company limited by guarantee and not having a share capital. It was registered on 7 October 2004 with the Charity Commissioners in England as a charity, registered number 1106219. The company was established in England and Wales on 7 September 2004 under number 05224644. The company is governed and regulated by its Articles of Association. The guarantee of the members is limited to £1 each whilst they are members and for twelve months after ceasing to be a member. There were 6 members at 31 December 2025 (2024:6) ## **Structure, governance and management** The directors, who are also the trustees for the purpose of charity law, and who served during the year and who were directors were: - J C Clare J.G.Dyas P Flory D J Thornton M B Hafner M.R.Chiappetti Subject to the Articles of Association, the directors’, may appoint a new director either to fill a vacancy or as an additional director. New directors are selected by the ongoing directors from local Christians with appropriate personal skills and expertise. Formal directors’ meetings are held as necessary 3 to 4 times a year. Prospective directors meet with members of the Board to enable the Board to assess the prospective director’s suitability for the role, taking into account their experience and other relevant skills and to provide the prospective director with information about the work of the charity. On appointment they are provided with information about the Charity, including the latest statutory accounts, minutes of recent Board meetings and updates on the Charities activities, as well as copies of the publications produced by the Charity Commission such as CC3 ‘’The essential trustee: what you need to know’’. Existing trustees maintain their knowledge through sharing information at trustees’ meetings and through their work with other not for profit organisations. ## **Related Parties** During the course of this year the directors worked with the following organisations: Parochial Church Council of the Ecclesiastical Parish of St. Leonard’s Chesham Bois Alexandra Road Congregational Church, Hemel Hempstead One of the trustees has a 3.8% equity holding in one of the properties **Charity Registration No. 1106219** **Page 3** **Company Registration No. 05224644 (England and Wales)** ## **CHILTERN CHRISTIAN TRUST** ## **FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2025** ## **TRUSTEES’ REPORT INCLUDING DIRECTORS' REPORT (CONTINUED)** ## **Principal activity and public benefit** The principal activity and objects of the Company as set out in the Memorandum of Association are "to advance the Christian faith by such means as the Trustees may from time to time in their absolute discretion think fit". The principal aim of the company in the year was to continue to support Christian ministry to the local community, by the provision of homes at modest rents for churches and other Christian workers. To achieve this aim during this year, the company secured an appropriate occupancy agreement with the Parochial Church Council of St Leonard’s Church, Chesham Bois (“the church”) and with Alexandra Road Congregational Church, Hemel Hempstead (“ARCC”) for one of the properties and let the other property, expending such funds as considered necessary for the proper maintenance of the properties. The directors confirmed that they have referred to the Charity Commission’s general guidance on public benefit in particular the specific guidance on charities for the advancement of religion, when reviewing the charity’s aims and objectives and in planning its future activities. In seeking to achieve these aims and objectives the directors are of the opinion that housing Christian workers in the local community, who enable the churches and other Christian organisations to share the love of God seen in the life of Jesus Christ and in promoting the whole mission of the Christian Faith, is and will be of benefit to many in the local community. At times when there is no demand for housing Christian workers, properties are rented out either to others within the community or on the commercial market, thus generating income to financially further the trust’s objectives. This occurred during this year with one of the properties. ## **Achievements, performance and future plans** During the year the company managed two properties and the field adjacent to “the church” One of the properties was licensed to ‘’the church’’ for part of the year and the rest of the year to “ARCC” and the other property was let to Christian workers living in the local community. The company was responsible for ensuring that the two properties were maintained in good habitable order and to this end expenditure was incurred on necessary maintenance work. In view of the limited scale of the company’s activities and requirements, at present the directors do not feel a need to carry out any fund raising. The directors, who manage the charity, will continue to operate the charity to fulfil its principal activity and objects and have no immediate plans to change the nature and scale of the work done to achieve these, but the matter is regularly reviewed at the directors’ meetings. **Charity Registration No. 1106219 Company Registration No. 05224644 (England and Wales)** **Page 4** ## **CHILTERN CHRISTIAN TRUST** ## **FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2025** ## **TRUSTEES’ REPORT INCLUDING DIRECTORS' REPORT (CONTINUED)** ## **Achievements, performance and future plans (continued)** The directors are conscious that rents from the Charity’s properties are its main source of income and they also understand that in the event of a reduction in particular Christian ministry housing demands, commercial renting is a secure option of income. The directors have made an assessment with respect to a period of one year from the date of approval and signature of these financial statements and have concluded that there are no material uncertainties related to events or conditions, that may cast significant doubt on the ability of the Charity to continue as a going concern during this period. ## **Investments** During the course of the year, the directors decided to start an investment policy by choosing to invest in a cash deposit fund. A CCLA COIF Charities Deposit account was opened to lodge property rents, but maintaining a suitable operational balance in its current account. The deposit fund produced an expected return of £1,204.57 (2024: nil). ## **Financial review and reserves policy** The results for the year and the financial position at the year-end are shown on pages 7 to 8 of the financial statements. The directors currently have decided to retain sufficient cash reserves in the general unrestricted funds to facilitate the continued work of the company. It is also conscious of the need to plan for possible equity release requests and for clearing the outstanding mortgage This policy is reviewed as necessary by the Board. Certain funds have been designated by the directors to represent the unrestricted funds which may only be realised by disposing of fixed assets held for the charity's use and after repaying the secured mortgage loan. The company derives the whole of its income from the properties held for its charitable activities. The income derived is used to support the costs of ownership of the company’s properties. The designated funds invested in fixed assets amount to £461,696.28 (2024: £471,528.00) and for maintenance of properties amount to £23,637.15 (2024: £17,420.15). The general funds at 31 December 2025 amounted to £45,880.77 (2024: £28,650.77). ## **Risk Management** The directors have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are put in place to provide reasonable assurance against fraud and error. The directors regularly examine the risks which the charitable company face and together control the operation of the charitable company and take the decisions on strategic and operational matters, which in their view minimises the risks to the charitable company. The directors have where necessary: - (a) Established procedures to mitigate risks identified. - (b) Implemented necessary procedures designed to minimise the impact on the company were such risks to materialise and review and modify procedures as necessary. **Charity Registration No. 1106219** **Page 5** **Company Registration No. 05224644 (England and Wales)** ## **CHILTERN CHRISTIAN TRUST** ## **FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2025** ## **TRUSTEES’ REPORT INCLUDING DIRECTORS' REPORT (CONTINUED)** ## **Statement of Directors’ responsibilities** The directors, who are also the trustees of Chiltern Christian Trust for the purpose of charity law, are responsible for preparing the Directors' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). The Charities Act 2011 requires the directors to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that year. In preparing these financial statements, the directors are required to: - select suitable accounting policies and then apply them consistently; - observe the methods and principles in the Charities SORP; - make judgements and estimates that are reasonable and prudent; - prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in operation; and - state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; The directors are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Charities Act 2011. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. These financial statements were prepared in accordance with the accounting policies set out in the notes to the financial statements, the Companies Act 2006, subject to the provisions of the small company’s regime, and the Statement of Recommended Practice, ‘’Accounting and Reporting by Charities’’ issued in March 2005, in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). The charitable company is a Public Benefit Entity as defined by FRS 102. Approved by the Board on 22[nd] June 2026 and signed on their behalf by – ## **P Flory - Director** **Registered office:** 6 Rachels Way, Chesham, Buckinghamshire, HP5 1SZ **Charity Registration No. 1106219 Company Registration No. 05224644 (England and Wales)** **Page 6** CHILTERN CHRISTIAN TRUST FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2025 INDEPENDENT EXAMINER'S REPORT Independent Examiner's Report to the Tru5tee51 ￿rectorS/ Members ol Chiltern Christian Trust on the accourit5 for the year ended 31 December 2025. Charity Name.. Chiltern Christian Trust Charity no.: 1106219 Company no.: 05224644 Responsibilities and basis ol report I report to the Chèrity Trustees (who are also the Directors of the company for the purposes of company lawl on my examination of the accounts of the Charitable Company lor the year ended 31 December 2025. As the Charity's Trustee5 of the Charitable Company Iwho are also the Directors of the eompany for the purposes ol company lawl, you are responsible for the preparation ol the accounts in accordance with the requirement5 of the Companies Act 20061-the 2¢X)6 Att-l. Having satisfied myself that the accounts of the Company are not required to be audited for thi5 yeai under Part 16 of the 2￿6 Act and are eligible fo¥ independent examination. I report in respect of my examination of your Charitable Company's accounts a5 c3rried out under section 145 of the Charities Act 20111-the 2011 Act-l. In carrying out my examination, I have followed the Directions given by the Charity Commission (under section 14515llbll of the 2011 Act. Independent examlner's statement I have completed my examination. I confirm that no material matters have come to my attention which gives me cause to believe that.. accounting records were not kept in accordance with section 386 of the Companies Act 2￿6. or the accounts do not accord with such records: or the accounts do not comply with relevant accounting requirements under section 396 of the Companies Act 2rx)6 other than any requirement that the accounts give a'true and fairf view whith is nol 3 rnatter considered as part of an independent examination,. or the accounts have not beet) prepared in accordance with the Chaiities SORP IFRS1021. I have no concerns and have come across no other matters in connection with the examination to which atieniion should be drawn in this report in order to enable a proper undersrandine of the accounts to be reached. Dale: Name.. Jessica Jones Relevant professional qualificationlsl or body lif any).. ICAEW member 9249011 Address= 6 South Road, Amersharn. HP6 5LX Charity Registration No. 1106219 Company Registration No. 05224644 (England and Wales) Page 7 ## **CHILTERN CHRISTIAN TRUST** ## **FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2025** ## **STATEMENT OF FINANCIAL ACTIVITIES** ## **(INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT)** |Notes
**Income**
**Income from generated funds**
Donations
Income from investments
**2**
**Income from charitable activities**
Property rental
**2**
**Total Income**
**Expenditure**
**3**
**Expenditure on charitable activities**
Property Repairs & Maintenance
Field Maintenance
Insurance
Management & Agents fees
Sundries
Mortgage Interest|**Unrestricted**
**funds**
**£**
**1,204.57**
**1,204.57**
**31,700.00**
**32,904.57**
**1,110.00**
**1,685.00**
**2,297.87**
**1,270.00**
**134.00**
**1,615.70**|**Designated**
**funds**
**£**
**0.00**
**0.00**
**1,345.00**
**(14.58)**|**Restricted**
**funds**
**£**
**0.00**
**0.00**|**Total**
Total
**2025**
2024
**£**
£
**0.00**
0.00
**1,204.57**
0.00
**1,204.57**
0.00
**31,700.00**
24,000.00
**32,904.57**
24,000.00
**2,455.00**
11,203.22
**1,685.00**
2,330.00
**2,297.87**
2,248.87
**1,270.00**
1,200.00
**134.00**
35.00
**1,601.12**
1,576.20|**Total**
Total
**2025**
2024
**£**
£
**0.00**
0.00
**1,204.57**
0.00
**1,204.57**
0.00
**31,700.00**
24,000.00
**32,904.57**
24,000.00
**2,455.00**
11,203.22
**1,685.00**
2,330.00
**2,297.87**
2,248.87
**1,270.00**
1,200.00
**134.00**
35.00
**1,601.12**
1,576.20| |---|---|---|---|---|---| |Depreciation||**9,846.30**||**9,846.30**|9,010.04| |**Total Expenditure**|**8,112.57**|**11,176.72**|**0.00**|**19,289.29**
27,603.33|| |**Net income/(expenditure) for the year**|**24,792.00**|**(11,176.72)**|**0.00**|**13,615.28**
(3,603.33)|| |Transfers between funds
**12**
**Net movement in funds**
Total funds brought forward
**Total funds carried forward**
**13**|**(7,562.00)**
**17,230.00**
**28,650.77**
**45,880.77**|**7,562.00**
**(3,614.72)**
**488,948.15**
**485,333.43**|**0.00**
**0.00**
**0.00**
**0.00**|**0.00**
0.00
**13,615.28**
(3,603.33)
**517,598.92**
521,202.25
**531,214.20**
517,598.92|| Notes numbered 1-15 form part of these financial statements All the activities of the charitable company are classed as continuing. There were no recognised gains or losses other than the result for the year. There were no restricted funds for the year to 31 December 2025 (2024 nil). **Charity Registration No. 1106219 Company Registration No. 05224644 (England and Wales)** **Page 8** ## **CHILTERN CHRISTIAN TRUST FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2025** ## **BALANCE SHEET** |**BALANCE SHEET**||| |---|---|---| |Notes
**Fixed assets**|2024
**£**
£
**2025**|| |Tangible fixed assets
**7**|**543,012.42**
511,045.92|| |**Current assets**
Debtors
**8**
Cash at bank and in hand
Creditors: amounts due within one year
**9**
**Net current assets**
Total assets less current liabilities
Creditors: amounts due after more than one year
**10**
**Total assets less liabilities**
**Unrestricted and Designated funds**
**13**
Designated funds
General funds|**0.00**
0.00
**30,160.12**
46,070.92
**30,160.12**
46,070.92
**(655.00)**
0.00
**29,505.12**
46,070.92
**572,517.54**
557,116.84
**(41,303.34)**
(39,517.92)
**531,214.20**
517,598.92
**485,333.43**
488,948.15
**45,880.77**
28,650.77|| |Total funds|**531,214.20**|517,598.92| Notes numbered 1-15 form part of these financial statements For the year ended 31 December 2025 the company was entitled to exemption from the audit requirement contained in section 477 of the Companies Act 2006. No member of the company has deposited a notice, pursuant to section 476, requiring an audit of these financial statements. The Directors responsibilities: The directors acknowledge their responsibilities for ensuring that the charity keeps accounting records which comply with section 386 of the Companies Act 2006 and for preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of the financial year and of its incoming resources and application of resources, including its income and expenditure , for the financial year in accordance with the requirements of sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to the financial statements, so far as applicable to the company. These financial statements have been prepared in accordance with provisions applicable to companies subject to the small companies within Part 15 of the Companies Act 2006. These financial statements were approved by the Board on 22[nd] June 2026 and signed on their behalf by P Flory Director **Registered office:** 6 Rachels Way, Chesham, Buckinghamshire, HP5 1SZ **Charity Registration No. 1106219 Company Registration No. 05224644 (England and Wales)** **Page 9** ## **CHILTERN CHRISTIAN TRUST** ## **FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2025** ## **NOTES TO THE FINANCIAL STATEMENTS** ## **1 Accounting policies** ## **1.1 Basis of preparation** The financial statements have been prepared on a going concern basis under the historical cost convention. The charity constitutes a public benefit entity as defined by FRS 102. The financial statements have been prepared in accordance with the Statement of Recommended Practice ‘’Accounting and Reporting by Charities’’ issued in March 2005, in accordance with Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102); the Companies Act 2006; and UK Generally Accepted Practice. The directors have assessed whether the use of the going concern assumption is appropriate in preparing these financial statements. The directors have made this assessment in respect to a period of one year from the date of approval of these financial statements. ## **Critical accounting estimates and areas of judgement** Preparation of the financial statements requires the directors to make significant judgements and estimates. The items in the financial statements where these judgements and estimates have been made include: - The calculation of the value of the freehold land included in tangible fixed assts, which was carried out at the time of the transfer of the assets from the predecessor unincorporated charity to the Company (see note 7) - The useful economic life of tangible fixed assets for the purposes of determining the annual depreciation charge. ## **1.2 Income including donations** All income is accounted for once the charitable company has entitlement to the income, it is more likely than not that the income will be received and that the amount of the income received can be measured reliably. Donations include the estimated value of gifts made in kind where this arises. Income from Gift Aid claims is recognised in the period in which the related income is received. ## **1.3 Expenditure** Expenditure is included in the SOFA on an accruals basis inclusive of Value added tax, which cannot be recovered, and has been classified under headings that aggregate all costs related to the category. Where costs cannot be directly attributed to particular headings, they have been allocated to activities on a basis consistent with the use of resources. ## **1.4 Tangible fixed assets and depreciation** Freehold land and buildings are stated at their acquisition value plus additions at cost. Depreciation is calculated to write off the cost of an asset less its estimated residual value over the useful economic life, of that asset as follows: Freehold land is not depreciated Freehold buildings - 2% per annum on acquisition value plus additions at cost. **Charity Registration No. 1106219 Company Registration No. 05224644 (England and Wales)** **Page 10** ## **CHILTERN CHRISTIAN TRUST** ## **FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2025** ## **NOTES TO THE FINANCIAL STATEMENTS (continued)** ## **Accounting policies (continued)** ## **1.5 Going concern** The directors have assessed whether the use of the going concern assumption is appropriate in preparing these financial statements. The directors have made this assessment with respect to a period of one year from the date of approval and signature of these financial statements. The directors have concluded that there are no material uncertainties related to events or conditions, that may cast significant doubt on the ability of the Charity to continue as a going concern during this period, (see also page 4 - the directors’ report under Achievements, performance and future plans.) The directors are of the opinion that the Charity will have sufficient resources to meet its liabilities as they fall due, as the charity has sufficient cash resources to meet its ongoing costs, should there be an unexpected curtailment of income. ## **1.6 Fund accounting** Funds held by the charitable company are: Unrestricted general funds which can be used in accordance with the charitable objectives at the discretion of the directors. Designated Funds, these are funds set aside by the Directors from unrestricted general funds to be used for specific purposes at the directors’ discretion and funds invested in the properties. Restricted Funds are funds which can only be used for a particular purpose within the objects of the charitable company. Restrictions arise when specified by the donor or when funds are raised for restricted purposes. There were no restricted funds either at the beginning or end of the year, nor during the year. ## **2. Income** ## **Charitable activities** ## **Investment Income - £1,204.57** (2024: nil) The directors approved the opening of a CCLA COIF Deposit account during the year to hold residual funds ## **Property rental** - **£31,700.00** (2024: £24,000.00) The Trust’s freehold properties are let as follows: - a) 37 Milton Lawns was let under a commercial agreement to Christian workers living in the local community and this has continued during 2025. - b) 19 Stubbs End Close has been let under a licence agreement to (the church) at a modest rent for occupation by church and other Christian workers for 8 months of the year. During this time (the church) was responsible for all the maintenance costs, however the Trustees at their discretion meet certain costs. For 4 months of the year the property was let to ‘ARCC' under a Tenancy Agreement – “Charity Let to Church” and a similar arrangement for maintenance costs exists with ARCC. A deposit of £1,800.00 was received from ‘ARCC’ in respect of the tenancy agreement and is held by the charity. **Charity Registration No. 1106219** **Page 11** **Company Registration No. 05224644 (England and Wales)** **CHILTERN CHRISTIAN TRUST FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2025** ## **NOTES TO THE FINANCIAL STATEMENTS (continued)** ## **3. Expenditure** |**Charitable activities**
Expenditure on charitable activities - property costs
Expenditure on charitable activities - property depreciation|**2025**
2024
**£**
£
**9,442.99**
18,593.29
**9,846.30**
9,010.04
**19,289.29**
27,603.33| |---|---| ## **4. Trustees remuneration** None of the trustees (or any persons connected with them) received any remuneration during the year, and none of them were reimbursed the cost of any expenses. ## **5. Employees** There were no employees during the year. ## **6. Taxation** The charitable company is a registered charity and therefore it is not assessable to corporation tax on any surplus charitable funds. ## **7. Tangible fixed assets** |**Tangible fixed assets**|| |---|---| ||**Land and buildings**| ||**£**| |**Cost**|| |**At 1 January 2025**|**677,414.00**| |Additions|**41,812.80**| |**At 31 December 2025**|**719,226.80**| |**Depreciation**|| |**At 1 January 2025**|**166,368.08**| |Charge for the year|**9,846.30**| |**At 31 December 2025**|**176,214.38**| |**Net book value**|| |**At 31 December 2025**|**543,012.42**| |**At 31 December 2024**|**511,045.92**| **Charity Registration No. 1106219 Company Registration No. 05224644 (England and Wales)** **Page 12** ## **CHILTERN CHRISTIAN TRUST FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2025** ## **NOTES TO THE FINANCIAL STATEMENTS (continued)** ## **7. Tangible fixed assets (continued)** Included in cost or valuation of land and buildings is freehold land of £186,000 (2024: £186,000) One of the properties is owned jointly by the Charity and a group of individual stakeholders (see note 15) and there is a mortgage on this property (see note 10), which is wholly the responsibility of the Charity. The additions referenced above show the cash paid to a stakeholder which increased the charity ownership by £41,812.80 (2024: nil). The charity’s equity is now 95.20% (2024: 90.14%). Any income derived from the property is all wholly due to the Charity. The assets were acquired in 2005 by way of transfer from The Chiltern Christian Trust, a predecessor unincorporated charity, and are reflected at their fair values at that date, plus additions at cost since that date. All the assets are used for the direct charitable purposes of the Charity. ## **8. Debtors:** |Other debtors|**2025**
2024
**£**
£
**0.00**
0.00| |---|---| |**Creditors: amounts due within one year**|| ||| |Other creditors
Accruals|**2025**
2024
**£**
£
**655.00**
0.00
**655.00**
0.00| ## **9. Creditors: amounts due within one year** ## **10. Creditors: amounts due after more than one year** |Tenancy Agreement Deposit
Mortgage
Repayment of Capital
**Analysis of Loans**
Wholly repayable in more than 5 years
Amounts due after more than one year||**2025**
2024
**£**
£
**1,800.00**
-
**39,503.34**
39,517.92
**0.00**
0.00
**41,303.34**
39,517.92
**39,503.34**
39,517.92
**1,800.00**
**-**
**41,303.34**
39,517.92| |---|---|---| The mortgage is secured over 19 Stubbs End Close, which is included in land and buildings, and it is an interest only loan, with a fixed rate of 5.19% until 30 November 2028. Early repayments up to 10% per annum of the outstanding mortgage can be made without penalty, any other repayments would incur an exit charge. The loan is not repayable until 30 June 2032. **Charity Registration No. 1106219 Company Registration No. 05224644 (England and Wales)** **Page 13** ## **CHILTERN CHRISTIAN TRUST FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2025** ## **NOTES TO THE FINANCIAL STATEMENTS (continued)** ## **11. Restricted funds** There were no restricted funds either at the beginning or the end of the year, nor during the year. ## **12. Designated funds** The funds of the charity include the following designated funds which have been set aside out of unrestricted funds by the Trustees for specific purposes: |Assets Fund
Property Fund
37 Milton Lawns
19 Stubbs End Close
General|**Balance**
**1 January**
**2025**
**£**
471,528.00
13,446.67
3,973.48
28,650.77
**517,598.92**|**Incoming**
**resources**
**£**
0.00
0.00
0.00
32,904.57
**32,904.57**|**Outgoing**
**resources**
**£**
(9,831.72)
(600.00)
(745.00)
(8,112.57)
**(19,289.29)**|**Transfers**
**Balance**
**31 December**
**2025**
**£**
**£**
0.00
461,696.28
3,200.00
16,046.67
4,362.00
7,590.48
(7,562.00)
45,880.77
**0.00**
**531,214.20**| |---|---|---|---|---| The assets fund represents the unrestricted funds invested in fixed assets, which may only be realised by disposing of the fixed assets less the mortgages secured thereon. The Trustees agreed in 2018 to set up a property fund to provide annually for the maintenance and operating costs for the two properties in the sum of £7,562.00 p.a., which is reflected in the transfers from general funds above. **Charity Registration No. 1106219 Company Registration No. 05224644 (England and Wales)** **Page 14** ## **CHILTERN CHRISTIAN TRUST** ## **FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2025** ## **NOTES TO THE FINANCIAL STATEMENTS (continued)** ## **13. Analysis of net assets between funds** ## **Note 13** |**Analysis of net assets between funds**
**Note 13**||| |---|---|---| ||**Unrestricted**
**funds**|**Designated**
**Total**
**funds**| |Fund balances at 31 December 2025 are represented by:
Tangible fixed assets
Current assets - Asset Fund
Current assets - Property Fund
Current assets - Unrestricted
Total Current assets
Creditors: amounts due within one year|**£**
47,680.77
47,680.77|**£**
**£**
543,027.00
**543,027.00**
(41,812.80)
**(41,812.80)**
24,277.57
**24,277.57**
**47,680.77**
(17,535.23)
**30,145.54**
(655.00)
**(655.00)**| |Creditors: amounts due within two years|(1,800.00)|**(1,800.00)**| |Creditors: amounts due after more than 5 years|**45,880.77**|(39,503.34)
**(39,503.34)**
**485,333.43**
**531,214.20**| ## **14. Company limited by Guarantee** The guarantee of members, who are the directors, is limited to £1 each whilst they are a member and for twelve months after ceasing to be a member. There were 6 members on 31 December 2025 (2024: 6) and 6 at the date of this report. ## **15. Related parties** In the opinion of the Trustees, the Trust has no single controlling party. One of the freehold properties is owned jointly by the Charity and a group of stakeholders, which group includes one of the Trustees who holds a 3.8% equity stake (2024: 3.8%). The Charity has a 95.20% (2024: 90.14%) equity interest in that property at the year end, and at the date of this report (see note 7). **Charity Registration No. 1106219 Company Registration No. 05224644 (England and Wales)** **Page 15**