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:
- The accounting records were not kept in accordance with section 130 of the Charities Act; or
- The accounts did not accord with the accounting records; or
- 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
1
## **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:
- 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 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
2
## **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|
3
## **Epaphras Trust**
## **Statement of Financial Position as at 31 August 2024**
|**Epaphras Trust**
**Statement of Financial Position**
**as at 31 August 2024**||||||
|---|---|---|---|---|---|
|**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
4
## **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|
|---|---|---|---|---|---|---|---|---|---|---|
|||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|
|||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|||
-||
||
5
**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|
6
## **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|
|---|---|---|---|---|---|
||||||66,436
290|
||||||66,726|
||||||**Total**
**Funds**
**2023**
449
260
594
5,339
399
511|
||||||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)
7
## **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|
|---|---|---|---|---|---|---|---|---|
|||||2,871||3,609||
3,013|
|||||
**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.
8