Registered Charity number 1125989
Epaphras Trust
Trustees' Report and Financial Statements
31 August 2024
Epaphras Trust Independent examiner's report Year ended 31 August 2024
I report to the trustees on my examination of the accounts of Epaphras Trust (the charity) for the year ended 31 August 2024.
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 Charity'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
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination which gives me cause to believe that in, any material respect:
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The accounting records were not kept in accordance with section 130 of the Charities Act; or
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The accounts did not accord with the accounting records; or
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The accounts did not comply with the applicable requirements concerning the form or content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirements 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 to enable proper understanding of the accounts to be reached.
Karen Sayers Limited 29 Silver Street Colerne Wilts SN14 8DY
Date
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Epaphras Trust Year ended 31 August 2024 Trustees Annual Report
Trustees' responsibilities
The trustees are responsible for preparing the report and financial statements in accordance with applicable law and regulations.
The law applicable to charities in England and Wales requires the Trustees to prepare financial statements for each financial period which give a true and fair view of the state of affairs of the charity and of the income and expenditure of the charity for that period. In preparing these financial statements, the Trustees are required to:
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Select suitable accounting policies and then apply them consistently.
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Observe the methods and principles in the Charities SORP.
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Make judgements and estimates that are reasonable and prudent.
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State whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements.
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Prepare the financial statements on the going to concern basis unless it is inappropriate to presume that the charity will continue in charity.
The trustees are responsible for keeping adequate 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 Companies Act 2006. 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.
This report was approved by the board on Date and signed on its behalf.
ken hart
ken hart (Apr 25, 2025 15:25 GMT+1) K Hart Chairman
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Epaphras Trust Statement of financial activities for the year ended 31 August 2024
| 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 2024 £ 9,278 - 2,357 11,635 17,102 199 3,507 20,808 (9,173) 1,000 (8,173) 149,350 141,177 |
Restricted Funds 2024 £ 86,729 - - 86,729 84,749 - 1,924 86,673 56 (1,000) (944) 46,009 45,065 |
2024 £ 96,007 - 2,357 98,364 101,851 199 5,431 107,481 (9,117) - (9,117) 195,359 186,242 |
2023 £ 53,826 7,493 249 |
||||
|---|---|---|---|---|---|---|---|---|
| 61,568 | ||||||||
| 66,726 288 7,552 |
||||||||
| 74,566 (12,998) - |
||||||||
| (12,998) 208,357 |
||||||||
| 195,359 |
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Epaphras Trust
Statement of Financial Position as at 31 August 2024
| Epaphras Trust Statement of Financial Position as at 31 August 2024 |
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|---|---|---|---|---|---|
| Notes Fixed assets Unquoted investments Current assets Debtors 6 Cash at bank and in hand Creditors: amounts falling due within one year 7 Net current assets Net assets Funds of the charity Unrestricted Restricted Total equity |
Unrestricted Funds 2024 £ - |
Restricted Funds 2,024 £ - 2,871 - - |
Total Funds 2024 £ - 3,609 184,222 (1,589) 186,242 186,242 141,177 45,065 186,242 |
Total Funds 2023 £ - 3,013 194,155 (1,809) |
|
| 738 (1,589) |
|||||
| (851) | 2,871 - |
195,359 | |||
| - | 195,359 | ||||
149,350 46,009 |
|||||
| 195,359 |
ken hart
ken hart (Apr 25, 2025 15:25 GMT+1)
K Hart Chairman Approved by the board on Date
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Epaphras Trust Movements in funds for the year ended 31 August 2024
| Unrestricted funds General funds Designated funds Restricted funds Food on my plate Personal hygiene Time for school Homes for orphans 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 Lury Crocker Total funds Comparatives for movement in funds 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 |
At 1.9.2023 £ 145,345 4,005 |
Income £ 5,607 6,028 |
Expenses £ (6,790) (14,018) |
Transfers £ (3,410) 4,410 |
Transfers £ (3,410) 4,410 |
At 31.8.2024 £ 140,752 425 141,177 |
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|---|---|---|---|---|---|---|---|---|---|---|
| 149,350 | 11,635 | (20,808) | 1,000 | |||||||
3,405 352 25,465 9,098 - 2,885 - 530 5 170 909 152 417 2,621 |
16,137 990 2,576 11,705 49,294 - 1,968 1,000 - 625 1,784 650 - |
(14,130) (847) (7,852) (10,219) (46,509) (310) (2,103) (1,000) - (1,759) - (323) (1,621) |
- - - - - - - - - - - - - (1,000) |
5,412 495 20,189 10,584 2,785 2,575 - 395 5 170 (225) 1,936 744 - 45,065 186,242 At 31.8.2023 £ 145,345 4,005 149,350 3,405 352 25,465 9,098 - - 2,885 - 530 5 170 909 152 417 2,621 46,009 195,359 |
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| 46,009 | 86,729 | |||||||||
195,359 |
98,364 |
- |
||||||||
At 1.9.2022 £ 146,971 (1,417) |
Income £ 1,871 13,642 |
Expenses £ (2,565) (5,628) |
||||||||
| 145,554 7,894 429 32,589 4,203 537 4,511 4,415 430 2,549 455 170 - - - 4,621 |
15,513 5,376 870 1,251 7,975 - 21,170 - 38 413 - - 6,592 1,445 925 - |
(8,193) (9,865) (947) (8,375) (3,080) - (28,273) (1,530) (1,400) (2,432) (450) - (5,683) (1,830) (508) (2,000) (66,373) (74,566) |
(3,524) - - - - (537) 2,592 - 932 - - - - 537 - - |
|||||||
| 62,803 | 46,055 | 3,524 | ||||||||
208,357 |
61,568 |
- |
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Epaphras Trust Notes to the Accounts
for the year ended 31 August 2024
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 Unrestricted funds 2024 £ Gifts and donations 7,841 Gift Aid receivable 1,437 9,278 |
Restricted funds 2024 £ 77,889 8,840 86,729 |
Total funds 2024 £ 85,730 10,277 96,007 |
Total funds 2023 £ 46,260 7,566 |
|---|---|---|---|
53,826 |
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Epaphras Trust Notes to the Accounts
for the year ended 31 August 2024
| 3 Grants Grants made to institutions: Caminul Otacho Christian Childrens Home Vitalij Falij Soul Winning Mission Bristish Red Cross Osingo Mixed Secondary School Verenych Ganna Julian Trust Moses Odhiambo Oyieno Berry Hill under 5's Christian Solidari Deepak Nepali Pulpit Ministries 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 2024 £ 1,000 5,449 - 7,530 - - - - - 1,000 1,000 - 15,979 - 15,979 Unrestricted Funds 2024 474 950 187 - 301 1,595 3,507 |
Restricted Funds 2024 £ - 26,720 - 46,654 500 6,012 1,000 1,121 3,865 - - - 85,872 - 85,872 Restricted Funds 2024 165 - - 1,759 - - 1,924 |
Total Funds 2024 £ 1,000 32,169 - 54,184 500 6,012 1,000 1,121 3,865 1,000 1,000 - 101,851 - 101,851 Total Funds 2024 639 950 187 1,759 301 1,595 5,431 |
Total Funds 2023 £ 2,000 31,266 450 31,510 - - - - - - - 1,210 |
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|---|---|---|---|---|---|
| 66,436 290 |
|||||
| 66,726 | |||||
| Total Funds 2023 449 260 594 5,339 399 511 |
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| 7,552 |
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 £2,753 (2023 - £3,825)
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Epaphras Trust Notes to the Accounts for the year ended 31 August 2024
| 6 Debtors Gift aid receivable Prepayments 7 Creditors Accruals and deferred income Prior year adjustment |
Unrestricted Funds 2024 £ 738 - 738 Unrestricted Funds 2024 £ 940 649 |
Unrestricted Funds 2024 £ 738 - 738 Unrestricted Funds 2024 £ 940 649 |
Restricted Funds 2024 £ 2,871 - |
Total Funds 2024 £ 3,609 - |
Total Funds 2023 £ 1,000 2,013 |
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|---|---|---|---|---|---|---|---|---|
| 2,871 | 3,609 | 3,013 |
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Restricted Funds 2024 £ - |
Total Funds 2024 £ 940 |
Total Funds 2023 £ 1,809 |
||||||
| 649 | - | 649 | 0 |
8 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
Time for School
Homes for orphans
Education bursary
Timothy Project - EBS Timothy Project - PM
Provision of food for the orphans of a community baed organisation in Kenya
Support for the orphans of a community based organisation in several schools in Kenya including school fees, uniforms and resources.
Support for the maintenance and running costs of an orphanage in Kenya.
Funds to provide further education bursaries in Kenya and India Support for the Bible School in India Support for the Pulpit Ministries in Nepal to provide training for pastors.
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