CLARION TRUST liry I i0i¥Ai (A company limited by guarantee) Report and Accounts Year ended 31st December 2024
CONTENTS Page Company Information Directors, Reportnrustees, Annual Report Independent Examinerfs Report Statement of Financial Activities Balance Sheet Notes to the Accounts 10-13 [1]
CLARION TRUST INTERNATIONAL FOR THE YEAR ENDED 31 DECEMBER 2024 COMPANY INFORMATION Directorsnrustees A Hounsell P Maclnnes E Hughes J Swallow The directors of the charitable company {the charity) are its trustees for the purpose of charity law. Company Secretsry Richard Ashton (resigned 30/6/2024) Key Management Personnel S Gaukroger Governing Document Memorandum and Articles 11 July 2008 Company Registration Number 06644365 Charity Registration Number 1125336 Registered Office Windmill Farm Business Hub Bowstridge Lane Chalfont St Giles BUCKS HP8 4RG Independent Examiner Emma Baker Bsc {Hons) FCA Baker Accountancy Services Windmill Farm Business Hub Bowstridge Lane Chalfont St. Giles BUCKS HP8 4RG Bankers CAF Bank 25 Kings Hill Avenue Kings Hill West Malling KENT ME19 4JQ Metro Bank Unit 811113, Eden Shopping Centre 2 Eden Walk High Wycombe BUCKS HPII 2AW [2]
CLARION TRUST INTERNATIONAL TRUSTEES. ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 'Equipping the Church for Leadership. Mission and Evangelism, The Trustees have pleasure in submitting their Annual Report together with the financial statements of the charity for the year ended 31 December 2024, which are also prepared to meet the requirements for a Directors, Report and Accounts for Companies Act purposes. Objects of the charity Clarion Trust International is a Christian charity working in the UK and overseas. It is involved in leadership, training & development, advocacy, networking, and the communication of the Christian Faith and message in a range of contexts. Governance The policy and operating decisions of the charity rest with the Trustees who meet regularly to monitor the activities of the Company. New Trustees are recruited and appointed by a majority of existing Trustee5. Review of Activities In planning the activities of the charity, they have given consideration to the guidance on public benefit issued by the Charity Commission in December 2008. During 2024, Clarion Trust's ministry resembled more closely how it was prior to the pandemic. International travel has continued, however the use of digital technology has still had its place. We have therefore continued to consider which ministry invitations are better face to face and which ones can be achieved well via Zoom. This enables us to keep costs down in instances where online meetings are effective and appropriate. The list of Clarion's main activities in 2024 is detailed below." Conference speaking, preaching at various UK churches, advising and mentoring church leaders, participating in advisory boards, strategic consultations and Round Table discussions. These events normally focus on themes around leadership and the relationship of the Bible to society and community events. All year Ministering and training in Uganda to pastors, high court judges, lawyers and theological educators. Addre55ing the leadership of a new Pentecostal movement of churches. Delivering the Gallup Lecture to faculty and staff at Dallas Baptist University. Advising the head office team and staff at Community Bible Study, Colorado Springs. Plenary speaker at the Rooftop International Conference and Chairing the Rooftop International Council meeting in Dallas. Mar Recording 3 podcasts for release throughout the year. Apr Delivering a lecture at Gold Hill Baptist Church. May Speaking at the Rooftop International Summit in London. June Delivering a lecture to Dallas Baptist University Students in Oxford. July Cape Town - speaking at 2 conferences, preaching in one of the largest, most violent Townships in Cape Town and chairing the global board of Rooftop. Sept Feb & July Mar Mar [3]
Burundi with The Rooftop- speaking to a gathering of around 2000 pastors in the capital, Bujumbura, for training in mission and evangelism. Attending Jews for Jesus celebration dinner in Berlin, where representatives gathered from all over the world for the appointment of a new global Chief Executive. Nov Nov Digital Ministry The Post Covid Church Course (a free course exploring different ways that people have been affected by the pandemic and lockdown), which encourages believers to be compassionate, faith-filled, bold agents of positive change in their communities was launched in 2021. This has hardly seen any sign- ups this year but Still remains available via our website. Partnerships Clarion has continued to work with key partners over the last year, namely with Community Bible Study International {CBSII, CRANE, VIVA and The Rooftop. Paul & Alison Bosson, members of Seer Green Baptist Church, continue their ministry in Uganda, where they have been working under the Clarion umbrella but self-funded since September 2021. They are still accountable to Clarion and they are still working partly with CRANE and VIVA. Alison is continuing to work with a medical mission and Paul is building on many of the strategic partnerships with key people in Ugandan society established by Clarion over many years. Their visa has been extended for a further 3 years. Staffing and Trustees Sue Pole continued working as Stephen's PA and office managerand David Fletcher continued to manage the accounts on a voluntary basis. The office work continues to be split between the offices in Chalfont St Giles and Eynsham, Oxfordshire. The Trustees met as a Board in person four times during the year. Following changes in the Trustee Board during 2023, there have been no further changes during 2024. Financial Review The Trustees wish to thank all our prayer partners and supporters for their faithful financial and prayer support for Clarion. We are grateful to God for his ongoing financial provision during a period of continuing uncertainty and the cost-of-living crisis. In the year under consideration, we achieved an income of £269.7651£70,073 for Ugandal, resulting in a deficit of £8,033 (surplus of £1,669 for Ugandal at the year end.
Going concern Going concern is a basic underlying assumption that an organisation will be able to continue operating for a period of time (usually 12 months from date of signing the accounts) that is sufficient to carry out its commitments, obligations, objectives, and so on. In other words, the organisation will not have to liquidate or be forced out of business in the foreseeable future. Clarion has no long-term commitments, leases or contracts and has been successfully operating for twelve year5, meeting all its financial commitments without the need for loans or bank overdraft facilities. Our cashflow is tightly monitored to ensure that our aims and objectives are achieved without financial risk to the organisation. We have an increasing supporter donor base, including significant global partners. The Trustees of Clarion are confident that the charity will continue as a going concern for the foreseeable future. Reserves Policy The reserves policy has not changed since lastyearwherebyfree reserves held bythe charity should be maintained at sufFicient cash levels to maintain the charity's operations in the event of short-term funding fluctuations or unforeseen costs. The Board is always keen to look to increase reserves to an acceptable level. Risk Management The responsibility for the management and control of the charity rests with the Trustees and therefore their involvement in the key aspects of the risk management process is essential. The Trustees undertake a regular review of the risks faced by the charity and seek to plan for the management and mitigation of those risks. They meet for a quarterly business meeting and informally on a monthly basis. The Charity has a comprehensive risk management policy, but the main risks to the functioning of Cla rion Trust International as identified by the Trustees are: il cashflow. ii) the wellbeing of our Director, Stephen Gaukroger- iiil overseas travel risks; and iv) perception and reputation. l. Cash flow. We are reliant on both individual and corporate donors. Some give on a regular basis and others give on an ad hoc basis. In a period of economic uncertainty and a cost-of-living crisis, we are aware that we might experience a reduction or termination of funding from donor5. Our cashflow and the overall financial position is reviewed both weekly and monthly by the Chairman with the Director. Our Director keeps the Trustees informed of fluctuations in the accounts and acts on their advice. The wellbeing of our Director. Stephen Gaukroger is the key player in enabling us to deliver Clarion's vision and goals. In view of the significant international travel he undertakes, the Trustees insist that he travels business class on all long-haul flights. They also ensure that he has a full medical check every year. 3. Overseas Travel Risks. When considering invitations to speaking engagements and conferences overseas, the Trustees and the Director carefully asses5 the travel risks. Perception and Reputation. We put a high value on the integrity and credibility of the Charity both in the UK & overseas and our Trustees have excellent networks of contacts to ensure that we are aware of any issues that may arise. Our Director communicates regularly with our supporters and is quick to thank donors for their gifts. [5]
Trustees, responsibilities in relation to the financial statements The Charity Trustees (who are also the directors of Clarion Trust International for the purposes of company law) are responsible for preparing a trustees, annual report and financial statements in accordance with applicable law and United Kingdom Accounting Standards {United Kingdom Generally Accepted Accounting Practice). Company law requires the Charity Trustees to prepare financial statements for each 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 period. In preparing the 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 judgements and estimates that are reasonable and prudent; state whether applicable UK accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements- prepare the fi'nancial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business. The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities. The Trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable companls website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions. Approval This report was approved on 2nd June 2025 and signed by order of the Board of Trustees by: Andrew Hounsell Trustee [6]
INDEPENDENT EXAMINER'S REPORT TO THE CHARITY TRUSTEES OF CLARION TRUST INTERNATIONAL I report to the charity trustees on my examination of the accounts of the Company for the year ended December 2024. Responsibilities and basis of report As the charity's trustees of the Company (and also its directors for the purrK)ses of company law) you are responsible for the preparation of the accounts in accordance with the requirements ofthe Companies Act 2006 ('the 20C6 Act,). Having satisfied myselfthat the accounts of the Company are not required to be audtted under Part 16 of the 2006 Act and are eligible for independent examination. I report in respect of my examination of your charity's accounts as carried out under section 145 of the Charities Act 2011 {'the 2011 ACY). In carying out my examination I have followed the Directions given by the Charity Commission under section 145(5){b) of the 2011 Act. Independent examinerfs statement Since the Company's gross income exceeded £250.000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirni that l am qualified lo undertake the examination because l am a member of Ihe Institute of Chartered Accountants in England and Wales (ICAEW). I have completed my examinalion. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe= accounting records were not kept in respect of the Company as required by section 386 of the 2CQ6 Act., or the accounts do not accord with the records., or Ihe accounts do not comply wtlh Ihe applicable requirements of section 396 of the 2C()6 Acl other than any requirement that the accounts give a'true and fairf view which is not a matter considered as part of an independent examination.. or the accounts have not been ppared in accordan wilh the methods and principles of the Statement of Recommended Practice for accounting and reporling by charities [applicable to the charities preparing their accounts in accordan with Ihe Financial Reporting Stsndard applicable in the UK and Republic of Ireland (FRS 102)]. I have no concems 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 accounls to be reached. Signed." Dated.. Emma Baker Bsc {Hons) BFP FCA Baker Accountancy servIs Windmill Farm Business Hub Bowstridge Lane Chalfont Sl Giles Buckinghamshire HP84RG [71
CLARION TRUST INTERNATIONAL Statement of Financial Activities FOR THE YEAR ENDED 31 DECEMBER 2024 Summary Income and Expenditure Account Unrestricted Restricted Funds Funds Total Funds 2024 Total Funds 2023 Note INCOME AND ENDOWMEwfs FROM Donations and legacies 2a 118,942 34.406 153,348 186.810 Charitable actj'vities 2b 80,750 35,667 116,417 126,049 Total income and endowments 199,692 70,073 269.765 312,859 EXPENDITURE ON Direct charitable costs Support & administration Total costs 195.938 13,456 209,394 63,093 259,031 5,311 18,767 68,404 277.798 274,734 29,409 304,143 Net income/(expenditure) and Net movement in funds forthe year Adjustment Reconciliation of funds: Total funds brought fomard Total funds carried forward (9,702) 1,669 (8,033) 8,716 21.330 11,628 3,894 5,563 25,224 17,191 16,508 25,224 Movements on reserves and all recognised gains and losses are shown above. The notes on pages 10-13 form part of these accounts. [8]
CLARION TRUST INTERNATIONAL BALANCE SHEET FOR THE YEAR ENDED 31 DECEMBER 2024 Note Unrestricted Restrirted Total Total Funds Funds Funds 2024 Funds 2023 FIXED ASSETS Tangible assets 3,700 3,700 CURRENT ASss Debtors Cash at bank 15,988 7.117 23,105 28,547 15,988 7,117 23,105 28,547 CURRENT LIABILITIES Liabilities falling due within one year Net current assets {4,3601 11.628 11,5541 15,9141 17,191 17.0231 21,524 5,563 NET ASSErs 11,628 5,563 17,191 25,224 FUND BALANCES Unrestricted ftjnds General Funds 11,628 11,628 5,563 21,330 3,894 Restritted Funds 5,563 Total Charity Funds 11,628 5.563 17,191 25,224 Fortheyearended 31 DeMber2O24. thecompanywas entttled tothe exemption from audit undersection 477 oflhe Companies Act 20CIS relating to smallcompanies. Responsibilities of DIrectorsrustees'. a. The members have not required the charttable company to obtain an auditof its accounts forthe year in question in accordance with Seclion 476 ofthe Companies Act- however, in accordance with Section 145 of the Charities Act 2011 Ihe accounts have been examined by an independent examiner whose report forms part of thi5 document. b. The DIrectorsrUsteeS acknowledge their responsibilities for complying with the requirements of the Companies Act with respect to accounting records and the preparation of accounts. These accounts are prepared in accordance wtth the special provisions of part 15 of the Companies Act relating to small companies and constitute the annual accounts required by the Companies Act 2006 and are for circulation to members of the company. Approved by the Trustees and signed n their behalf on the June 2025 by= Andrew Hounsell (Tnjstee) Company number. 06644365 Chanty number. 1125336 The notes on pages 11>13 forrn part of these acLounts. [9]
CIARION TRUST INTERNATIONAL Notes tothe Accounts FOR THE YEAR ENDED 31 DECEMBER 2024 Accounting Policies The financial statements have been prepared in accordan wrth Accounting and Reporting by Charities.. Statement of Recommended Practi and with the Financral Reporting Standard applicable in the United Kingdom and the Republic of Ireland IFRS 102 leffeclive 1 Jan 201511- (Charities SORP IFRS 102)) and Companies Act 2016. The following are the accounting policies which have been applied in dealing with material items=_ al Donated and grant income: Donated income and grants re1vable are recognised when received by the charity exp1 where there are conditions which require use in fijture accounting periods in which case the income reiVed is deferred and shown in 'amounts due within one yearf. Income received in circUmstanS where 2 ctaim for repayment of tsx has been or will be made lo HM Revenue & Customs is grossed up for the tax recoverable. Any amount of tax rectaimed from HM Revenue & Customs but not yet reiVed is shown wthin the charity's debtors. bl Other income and expenditu.. Investrnent income is taken into account when re1vable and expenditure. inctuding irrecoverable VAT. when incurred by the charity, regardless of when payment is made. Consultancy income is taken into account in income in the accounts when the work is undertaken. If invold work occurs after the year end the uneamed element is shown as 'deferred income,. Grants payable are taken into account at the earfier of when they are paid or become constructive obligations. c} Fund Accounting.. Unrestricted funds are donations and other income r1Ved or generated for the objects of the charity wrthout specified purpose and are available for purposes of the charity as directed by the trustees. Restricted ftjnds are amounts reiVed where the donor has specified the purpose for which it should be used. dl Fixed assets and depreciation= Fixed assets acquired for use by the charity a capitalised and depreciated over their estimated usefvl life unless Ihey cost less than £2,500 when Ihey are wrttten off on purchase. Depreciation periods are as follows- Equipment and computers Motor vehicle Ben 3 and 7 years 3 years e) Pension costs.. The company operates a defined Contribution scheme for all of its employs. Pension premiums are charged as they are paid. Taxation The company is a registered charrty and is exempt from laxation under the Income & Corporation Taxes Acts. g} Cashflow statement The company has taken advantage ofthe exernption provided by the FRS 102 SORP and has not prepared a Cash Flow Statement for the year. h} Going cOnM The Trustees acknowledge the latest guidan( on going concem. The charity is dependent upon the generous funding of its supporters which has historically proved suffiaent to enable the charity to continue its full operations. The directors have a reasonable expectation that the Company has adequale reSoUrS lo continue in operational existence for the foreseeable fvlure and. therefore, Ihey continue to adopt the going conrn basis in pparINg the annual financial ststements. [10]
CLARION TRUST INTERNATIONAL Notes to the Accounts FOR THE YEAR ENDED 31 DECEMBER 2024 Voluntary income Unrestricted Funds Restricted Funds Total 2024 Total 2023 Voluntary income General donations Tax recoverable + Interest 113,739 5,203 118,942 34.325 81 34,406 148,064 5,284 153,348 180,046 6,764 186,810 From charitable activities Speaking fees Consultancy fees Cost reimbursements Filming/5ervices Other income 3,762 68,225 8,227 3,762 103,892 8,227 1,222 106,650 16,957 1,192 28 126,049 35,667 536 536 80,750 35,667 116,417 3 Charitable artivity Unrestricted Funds Restricted Funds Total 2024 Total 2023 Direct Charitable Costs Staff costs (Note 41 Travel & accommodation Uganda operation costs Insurance Advertising Professional fees Grants (Note 3cl 142,051 46,368 142,051 46,368 59,727 6,631 134,248 51,179 61,010 6,730 59,727 245 6.386 1,133 547 2,574 63,093 1,680 2,574 259,031 2,248 19,319 274,734 195,938 Support & Admlnistration Office costs Depreciation costs 13,196 260 13,456 13,196 5,571 18,767 20,560 8,849 29,409 5,311 5,311 Combined charitable activity cost 209,394 68,404 277,798 304,143 Grants Institutions Individuals 2024 2023 Missional training support Relief of poverty 2,574 2,574 19.319 2,574 2,574 19,319 [11]
CLARION TRUST INTERNATIONAL Notes tothe Acwunts FOR THE YEAR ENDED 31 DECEMBER 2024 Staff & Trustees 2024 2023 Gross wage5, salaries & benefits in kind Employer's National Insurance costs Pension costs 115.968 9.156 16,927 142.051 109.890 8.263 16,095 134,248 Total staff costs The charity has two full time equivalent employed staff. Number of employees receiving emoluments above £60,000: Remuneration payable to key management lexcludingTrusteesl amounted to £107,2601£90.898 + pension £16,362) in the year12023' £102,153). Key management is considered to cover the Director employed by the charity. No Trustee received any salary or reimbursed expenses in the year. The total amount of donations funded by Trustees and connected parties was £6.69612023: £7,944). Tanglble Fixed Assets Total Total 2024 2023 Motor vehicle c05t- B. fwd. Additions 37,643 37,643 37.643 37,643 Office equipment cost- B. fwd. Additions 1,884 1,964 3,848 1,884 1,884 Disposals 3,848 1,884 Accumulated De Motor vehicles- B. fwd. Current year reciation 33,943 3,700 37.643 1,884 1,964 3,848 25,095 8,848 33,943 1,884 Office equipment- B. fwd. Current year 1,884 Disposals 3.848 1,884 Net book value Motor vehicles Office equipment 3,700 3,700 [12]
CLARION TRUST INTERNATIONAL Notes to the Accounts FOR THE YEAR ENDED 31 DECEMBER 2024 Debtors and Prepayments 2024 2023 Overpayment recoverable Prepayments Creditors: liabilities falling due withln one year 2024 2023 Taxes and social security Other creditors + credit card 3,360 1,554 1.000 3,114 2,909 1.000 Accruals Deferred income 5,914 7,023 Funds The restricted funds represent amounts recerved for specrfic purposes and the movements in the year are as follows: Opening Balance Incoming reSoUrS Outgoing Transfers Closing balance resources in the year Ministry trips Grants Uganda Project 3,894 70,073 168,4041 168,4041 5,563 3,894 70.073 5.563 The assets and liabilities represented by the various funds are as follows- Yed assets Bank & cash Other net Total balances assets Restricted funds 7,117 11,5541 14,3601 15.9141 5,563 11,628 Unrestrirted funds 15.988 23,105 17,191 Lègal Status of the Trust The Tnjst is a company limited by guarantee and has no share capital. In the event of the chartty being wound up, the liability in respect of the guarantee is limited to £10 per member of the charty. [13]