Registered Charity number 1125989
Epaphras Trust
Trustees' Report and Financial Statements
31 August 2023
Main Achievements
Kenya
The trustees continued to provide support to help provide 51 children with holistic care.
Funds were provided to enable grains (maize beans and rice) to be bought in bulk, immediately after each harvest, which is when prices are lowest. Suitable storage is available at the orphanage thanks to the improved kitchen facilities.
Funding has continued to enable a social worker and two watchmen to be employed at the orphanage: further enhancing the welfare of the children. Additionally, each of the 5 houses has a house mum / widow who cares for the children.
The trustees are pleased to report that funding is now being provided for 25 children to attend Secondary School and one in college. This is a major achievement as it is enabling young people to have an education beyond the reach of many children, especially orphans, and even more so total orphans.
Two trustees took a small group to Otacho in August 2023 which proved very successful. In addition to a successful audit the children enjoyed a few days of sport and games while others of the team did some decorating, sewed curtains and carried out general maintenance.
India
The trustees were able to continue supporting the college and its wider community in several ways. Extra books were provided for the library. We have also been able to provide additional classes including computer studies, sewing and English language to widen the skills base of students. Grants were also made for a monthly training and support group for leaders within the local community.
A grant was made for repairs and general maintenance of the school buildings.
A grant was made for purchase of games equipment to broaden the syllabus as recommended by the authorities.
The ongoing support for students was maintained. In addition to a grants to fund one post graduate student through nursing college.
Nepal
The trustees are pleased the online Bible school has been able to continue, but in a different format.
Following a visit to Nepal in early 2023 by one of our trustees five men were equipped with resources to run training workshops to a small number of pastors in their locations. This reduced running costs and can provide a wider circulation.
UK
Funds have been sent to a Br bistol based organisation who care for vulnerable and marginalised women.
Ukraine
Following the invasion of Ukraine by Russia, many of our contacts and relationships who knew of our past involvement in Ukraine sent money to Epaphras Trust. A grant was made by the trustees to a church in Kharkiv whose leaders were already known to us. This grant was used to buy food and other necessary items for those in most need.
Future Plans
We anticipate being able to maintain our support to each of the following areas.
Nepal
The Bee keeping business has not been successful. During our next trustee visit we will look at how to progress this forward or if necessary, end it completely.
It is expected that one of our trustees will make a visit to Nepal towards end of 2024 to teach leaders at a college in Neplagunj.
India
We will focus on continuing to support the college and as opportunity allows to support the local community through the relationships made by EBC. We shall provide ongoing support for the college by the purchasing of equipment as funds and needs arise. It is anticipated that work will start on construction of a new assembly hall once funds are secured.
Kenya
Our plan is to focus on raising sufficient funds so that each child currently resident at the orphanage is able to attend and complete high school education.
We plan to work with the Kenyan board at Otacho Christian Childrens Home to help them maximize the potential of each child.
Our objective is to raise funds, so each child is fully funded to the end of High School. Our dream is to help put young people into some vocational training. We are now considering provision of solar lights to provide additional security and enable homework and study time.
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Epaphras Trust
Statement of financial activities for the year ended 31 August 2023
| Notes Donations and legacies 2 Investments Interest Total income Expenditure on charitable activities Grants 3 Fundraising expenses Support costs 4 Total expenditure Net income / (expenditure) Transfer between funds Movement for the year Total funds brought forward Total funds carried forward |
Unrestricted Funds 2023 £ 7772 7493 249 15514 354 288 7552 8194 7,320 (3,524) 3,796 145,554 149,350 |
Restricted Funds 2023 £ 46054 - - 46054 66372 - - 66372 (20,318) 3,524 (16,794) 62,803 46,009 |
2023 £ 53,826 7,493 249 61,568 66,726 288 7,552 74,566 (12,998) - (12,998) 208,357 195,359 |
2022 £ 112,296 4,983 6 |
|---|---|---|---|---|
| 117,285 | ||||
| 102,798 367 3,096 |
||||
| 106,261 11,024 - |
||||
| 11,024 197,333 |
||||
| 208,357 |
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Epaphras Trust Statsm•nt of Flnan¢lol PMltton as at 31 August 2023 unrnstrfct RtrIcI¢d Fund• Funds 2023 2.023 Tolal Fund 2023 Totsl Furtd• Flxed B¥•8ts Unqugted In¥o8tmenls 140.1)00 Current u••l• Dobto rAsh at bart and In hand 3.013 148 148 151,159 3,013 194,155 197.168 3.620 68.951 72.671 46,009 Crndbtorn: *nounts falllng du• wlthln on• y 11,809) 11.BOg1 14.2141 N•t curr•Tht ••••ts 149,3SO 46.1)09 195.359 68.357 N•t ••••ts Fund• ot th• ehrfty Unreslrfctod R•8tdct•d 149.350 145.554 82,803 Totsl •qulty KH8rt Ch8lnn8n Approved by th• board on D•1•
Epaphras Trust Movements in funds for the year ended 31 August 2023
| Unrestricted funds General funds Designated funds Restricted funds Food on my plate Personal hygiene Time for school Homes for orphans Education bursary Timothy project - EBS Timothy project - PM Timothy project - ACM Kenya General/OCCH Staff Ukraine relief Beehives Trips Time for school college Time for school primary Future projects Total funds Comparatives for movement in funds Unrestricted funds General funds Designated funds Restricted funds Food on my plate Time for school Homes for orphans Education bursary Timothy project - EBS Timothy project - PM Timothy project - ACM Kenya General/OCCH Staff Ukraine relief Other support Future projects Total funds |
At 1.9.2022 £ 146,971 (1,417) |
Income £ 1,871 13,642 |
Expenses £ (2,565) (5,628) |
Transfers £ (932) (2,592) |
At 31.8.2023 £ 145,345 4,005 |
|---|---|---|---|---|---|
| 145,554 | 15,513 | (8,193) | (3,524) | 149,350 | |
| 7,894 429 32,589 4,203 537 4,511 4,415 430 2,549 455 170 - - - 4,621 |
5,376 870 1,251 7,975 - 21,170 - 38 413 - - 6,592 1,445 925 - |
(9,865) (947) (8,375) (3,080) - (28,273) (1,530) (1,400) (2,432) (450) - (5,683) (1,830) (508) (2,000) |
- - - - (537) 2,592 - 932 - - - - 537 - - |
3,405 352 25,465 9,098 - - 2,885 - 530 5 170 909 152 417 2,621 |
|
| 62,803 | 46,055 | (66,373) | 3,524 | 46,009 | |
| 208,357 | 61,568 | (74,566) | - | 195,359 | |
| At 1.9.2021 £ 147,859 2,472 |
Income £ 2,936 7,563 |
Expenses £ (3,124) (12,664) |
Transfers £ (700) 1,212 |
At 31.8.2022 £ 146,971 (1,417) |
|
| 150,331 2,254 5,115 4,779 1,449 7,268 5,117 - 5,380 - 3,519 12,121 |
10,499 17,651 35,118 3,365 - 13,283 - 437 - 30,185 1,747 5,000 |
(15,788) (12,011) (11,255) (3,254) (912) (16,040) (702) (7) (2,831) (29,730) (1,231) (12,500) |
512 - 3,611 (687) - - - - - - (3,436) - |
145,554 7,894 32,589 4,203 537 4,511 4,415 430 2,549 455 599 4,621 |
|
| 47,002 | 106,786 | (90,473) | (512) | 62,803 | |
| 197,333 | 117,285 | (106,261) | - | 208,357 |
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Epaphras Trust Notes to the Accounts
for the year ended 31 August 2023
1 Summary of significant accounting policies
Basis of preparation
The financial statements have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland. The charity constitutes a public benefit entity as defined by FRS 102.
Income
Income is recognised in the accounts once the charity has become entitled to the funds, it is probable that the income will be received and the value can be reliably measured.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Investments
Unlisted investments are initially valued at cost and subsequently at fair value at the year end unless fair value cannot be measured reliably in which case it is measured at cost less impairment.
Gift Aid Receipts
Unless agreed otherwise, gift aid receipts are credited to the same fund as the original donation.
Taxation
The charity is exempt from taxation on its charitable activities.
Foreign currency translation
Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of the transaction.
| 2 Donations and legacies Gifts and donations Gift Aid receivable |
Unrestricted Restricted funds funds 2023 2023 £ £ 7,772 38,488 - 7,566 7,772 46,054 |
Total Total funds funds 2023 2022 £ £ 46,260 98,117 7,566 14,179 53,826 112,296 |
|---|---|---|
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Epaphras Trust Notes to the Accounts
for the year ended 31 August 2023
| 3 Grants Grants made to institutions: One25 Otacho Christian Childrens Home Vitalij Falij Soul Winning Mission Otacho Good Hope Bath Food Bank Deepak Nepali Pulpit Ministries Food for Madagascar Julian Trust Bibles for Ukraine Ukraine relief Total grants to institutions Grants to individuals Total grants paid 4 Support costs Currency charges Independent examination fee Bookkeeping and IT Project monitoring visits Admin expenses Website |
Unrestricted Funds 2,023 £ - 354 - - - - - - - - 354 - 354 Unrestricted Funds 2,023 449 260 594 5,339 399 511 7,552 |
Restricted Funds 2023 £ 2,000 30,912 450 31,510 - 1,210 - - - - 66,082 290 66,372 Restricted Funds 2023 - - - - - - - |
Total Funds 2023 £ 2,000 31,266 450 31,510 - - 1,210 - - - - 66,436 290 66,726 Total Funds 2023 449 260 594 5,339 399 511 7,552 |
Total Funds 2022 £ - - - 25,374 33,422 2,500 1,052 2,500 7,500 280 29,670 |
|---|---|---|---|---|
| 102,298 500 |
||||
| 102,798 | ||||
| Total Funds 2022 485 150 655 1,021 453 332 |
||||
| 3,096 |
5 Remuneration and benefits
There were no staff employed during the current or previous year.
No trustee received any remuneration or benefits in the current or previous year. Expenses remibursed to one trustee amounted to £3,825 (2022 - £20,903)
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Epaphras Trust
Notes to the Accounts
for the year ended 31 August 2023
| 6 Debtors Unrestricted Funds 2023 £ Gift aid receivable 1,000 Prepayments 2,013 3,013 7 Investments held as current assets Fair value Listed investments 8 Creditors Unrestricted Funds 2023 £ Accruals and deferred income 1,809 |
Restricted Funds 2023 £ - - - Restricted Funds 2023 £ - |
Total Funds 2023 £ 1,000 2,013 3,013 2023 £ - Total Funds 2023 £ 1,809 |
Total Funds 2022 £ 1,166 2,454 |
|---|---|---|---|
| 3,620 | |||
| 2022 £ 140,000 |
|||
| Total Funds 2022 £ 4,214 |
9 Funds
General funds are unrestricted funds which can be used in accordance with the charitable objectives at the discretion of the trustees.
Designated funds are unrestricted funds set aside by the trustees to be used for the future support of the Bible School in India and for the projects in Kenya and Nepal.
Restricted funds can only be utilised for the purpose specified by the donor.
Description of restricted funds
Food on my plate Provision of food for the orphans of a community baed organisation in Kenya Time for School Support for the orphans of a community based organisation in several schools in Kenya including school fees, uniforms and resources. Homes for orphans Support for the maintenance and running costs of an orphanage in Kenya. Education bursary Funds to provide further education bursaries in Kenya and India Timothy Project - EBS Support for the Bible School in India Timothy Project - PM Support for the Pulpit Ministries in Nepal to provide training for pastors.
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