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2024-03-31-accounts

EBETRUST

FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2024

Company Registration Number 06856916 Charity Number 1129106

EBETRUST

FINANCIAL STATEMENTS

YEAR ENDED 31 MARCH 2024

CONTENTS PAGE
Trustees’ report 1 - 9
Reference and administrative information 10
Independent examiner’s report to the Trustees 11
Statement of Financial Activities 12
Balance Sheet 13
Notes to the financial statements 14 - 23

EBETRUST

TRUSTEES’ ANNUAL REPORT

YEAR ENDED 31 MARCH 2024

The Trustees of EbeTrust who are also Directors of the Charity for the purposes of the Companies Act, present their Annual Report together with the independently examined financial statements for the year ended 31 March 2024.

Objectives:

The objects of the Church are, for the benefit of the public:

The Trustees must use the income and may use the capital of the Church in promoting the Objects.

Structure, Governance and Management:

EbeTrust is a company limited by guarantee which was registered on 24 March 2009 under company number 06856916. The company was also registered as a charity under number 1129106 on 9 April 2009. It is governed by its Memorandum and Articles of Association.

Trustees:

Trustees and Spiritual Leadership of the Church:

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EBETRUST

TRUSTEES’ ANNUAL REPORT

YEAR ENDED 31 MARCH 2024

Activities

Alpha Course

In April through to June 2023 we continued the Alpha course we had originally started in January 2023, with around 10 people in attendance. In February 2024 we ran another smaller Alpha course. It was great to see those attending build friendships and journey to explore faith in Jesus, in a place where they can ask any questions and have any beliefs.

Kintsugi Hope Wellbeing Courses

Kintsugi Hope Wellbeing Groups are safe and supportive spaces for people from any background to attend. Our Group Leaders are trained to run a group to encourage, inform and inspire attendees. They are not trained therapists, nor experts in treating or diagnosing mental or emotional health illnesses. However, where necessary they can signpost people to specialist help.

We journey together for 12 weeks to explore how to maintain mental and emotional wellbeing in the midst of our often-messy lives. Subjects include anxiety, depression, shame, anger, disappointment and loss.

We have promoted these courses with the church family and in the local community through social media. We held an in-person daytime wellbeing group for 12 weeks starting in September 2023. Overall we had around 18 people attending, 10 on a regular basis, half of which were from the local community. Feedback was good with all attendees reporting that the course had helped their mental health. We partner with local organisations and wider Bristol mental health services and social prescribing to make sure we signpost people to wider support.

Children's Church

Children’s Church is a vibrant and creative part of church life, providing children up to school year 6 with a space to learn Biblical principles and nurture positive and cooperative relationships. Children are encouraged to express themselves and their learning through discussion, craft, music and physical activity.

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TRUSTEES’ ANNUAL REPORT

YEAR ENDED 31 MARCH 2024

A team of volunteers from within the church hosts Children’s Church on a weekly basis. Children are also encouraged to get involved in whole church activities and have opportunities to interact with and volunteer alongside adults of all ages in a safe environment. Furthermore, the team is keen to develop community amongst children in the church, informed by the Biblical concept of the body of Christ.

Safeguarding is paramount to Children’s Church activities. Volunteer training is provided and policies and procedures are regularly reviewed to ensure a high standard of care and accountability is maintained.

Community Transformation (including warm welcome spaces)

Over the last year, our church building has provided the operational centre and offices of North Bristol and South Glos Foodbank, enabling an overlap of relationships between church and the foodbank and strengthening our identity as a ‘community hub’. Alongside this, we continued to undertake weekly events/activities in the church building (e.g. wellbeing group, senior citizens group, community café, community breakfast, foodbank outlet, etc…) under the banner of ‘warm welcome space’ where local residents have a safe and supportive space to connect with each other. We also held one-off evening events like speed quizzes, a community pancake party and Peace Feast in order to try and connect with people in the evenings. We also built relationships with other organisations/agencies such as our building being used to host a ‘digital drop-in’ session for those looking for support in using laptops/tablets, a Citizens Advice worker who came weekly to our community café and oneoff support work with community development workers from Mencap.

Our building continues to be used as a community hub for many more in-person community meetings, eg. Horfield and Lockleaze workers network breakfast, foodbank cluster meetings, and North Bristol community development workers meetings etc. Essentially, the church building provides a space to collaborate and plan together with other organisations and local residents.

During the last year, as a church we have helped to envision and coordinate local community events again, working closely with other local community organisations and schools. One example would be the Origins project, where we invited a group of UWE students to work alongside senior citizens in our community to document what life was like living in Horfield and Lockleaze in the 1940s and 50s. This proved to be a popular project and was enjoyed by all, as a result, other projects are being looked at in partnership with the UWE volunteering department.

There has also continued to be a huge increase in online social media support in local neighbourhoods through local Facebook groups that we help to manage. We have encouraged neighbours supporting each other and sharing their gifts and talents in local volunteer needs.

Once again, our church building in the last year has also been increasingly used for private hires for children’s birthday parties and other organisations/charities for one-off events or courses. This has enabled our relationships to deepen in our local communities as we further utilise our building resources for the benefit of the public.

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TRUSTEES’ ANNUAL REPORT

YEAR ENDED 31 MARCH 2024

The church has also continued to provide practical support (by way of volunteering) and prayer support to inHope (formally Crisis Centre Ministries – Charity Commission no. 298528), and Sixty-One (Charity Commission no. 1159302) in terms of prayer, volunteering and finance. We have set up our citywide partners team and will annually review the 3 Bristol-based charities that we will support which will be North Bristol and South Glos Foodbank, Refugee Welcome Homes and inHope. These will all be given profile in church in different ways throughout the year so the congregation own the values of reaching out to the most vulnerable in society with the gospel.

Global Partnerships

Ebenezer Church has an international dimension, and supports both short and long term mission involvement, in the UK and overseas. Our Global Partnership Team drives this forward.

Locally, we support and encourage church members to get involved practically with Bristol International Student Centre (BISC) which seeks to welcome and support foreign students to the two Bristol Universities. We also support a family, who live in Easton, as they work to support the practical needs of refugees and asylum seekers in Bristol.

Overseas, we support a family who were members of Ebenezer Church, and are now in the USA, as well as existing church members who are currently working in Nepal, and Zambia.

The Global Partnership Team coordinate with Ebetrust finance sub-group to allocate resources to help meet the short term needs of those we support.

Messy Church

This year, we continued to host Messy Church events each term and saw several new families joining us for an afternoon of crafts, games, stories and connection. The sessions are attended by families who consider themselves part of church as well as from the local community so people can make new friends and generally encourage each other in family life. Those who attend are encouraged to develop a spiritual dimension. Occasions are always well attended with a genuine benefit of parents and grandparents engaging directly with their children. In addition, several of the young people who attend our church services regularly began to volunteer at Messy Church. They enjoyed being involved in the planning process, leading games, serving refreshments and, as a result, we have seen them grow in confidence.

(The) Noise

BRISTOL NOISE (Charity Commission no. 1134099) constitutes an independent charitable activity that operates in partnership with and integrates seamlessly into the life of Ebenezer Church. It operates principally in the early Spring of each year, working in the North, East and South of Bristol.

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TRUSTEES’ ANNUAL REPORT

YEAR ENDED 31 MARCH 2024

A successful Noise event was held again on May Day bank holiday weekend in 2023 with over 650 volunteers involved from 47 churches and groups. This was co-ordinated by the staff of Bristol Noise supported by Ebenezer Church core team and volunteers, partnering with volunteers from across the city. We also hosted very successful events at the church building including a senior citizen’s banquet with over 80 guests and a community fun event with over 250 visitors during the 2 hours of the event. Volunteers from the church were also involved in practical projects across the communities of Horfield and Lockleaze which were referred to us for support.

The vision of Noise 365 has continued to be developed with a regular email and resources for local volunteers and churches produced throughout the year. Ebe Church continues to be fully behind this vision and resourcing it. We also provide office space for the Bristol Noise staff team.

(The) North Bristol & South Gloucestershire Foodbank

Foodbank has continued to grow, serving some 16,125 people (10% increase on the previous financial year) with 3 days of emergency food. From our Horfield foodbank outlet based at our church community hub, we served 2244 people. The foodbank charity uses office space based in the church building and has built relationships with over 300 frontline care professional organisations giving Foodbank referrals to people in crisis. Over the last financial year, a new strategy has been consulted about and created to ‘end the need for foodbanks in North Bristol and South Glos’. Over the next year, this will involve trialling activities at our church building and also in our local communities where there are key relationships with our community partners. The church building continues to be a place where the public drop-off food donations and increasing use of the space for foodbank meetings with organisations who refer people to the foodbank.

Volunteers from church continue to be involved on a weekly basis with the foodbank from helping run the weekly foodbank outlet on Thursday afternoons to being part of foodbank driving team, as well as other one-off events. There is a healthy overlap with the church staff team and foodbank staff in working together, sharing a common vision of supporting those in crisis in our communities.

Small Groups

Small Groups are a key part of church life and a valuable source of support, connection and discipleship. We currently have four small groups that happen on a regular basis. Small groups and pastoral care within church are a high priority for the leadership team and we are actively looking at ways we can do this differently, enabling as many people to connect and access support, as possible.

Sunday Services

We hold our Sunday Services in our church building on Filton Avenue. We continue to see new people coming along most weeks who are connecting with us in a variety of ways. We seek to be a church that is welcoming to all people, and we love to see the diversity in our congregation growing.

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TRUSTEES’ ANNUAL REPORT

YEAR ENDED 31 MARCH 2024

We continue to record our talks given on a Sunday and share these online, as well as providing some discussion prompts and questions that people can use in different settings to engage with our Sunday teaching.

Students & Young Adults

As a church we want to be a place where the large student population in our local area, and at UWE, can connect and be a part of a community. We seek to provide spaces and opportunities for students & young adults within church to grow, and be challenged in their personal faith, and to live this out in their day-to-day life, and in their relationships. We continue to encourage students and young adults to integrate into the whole of church life through relationship building and serving in a variety of ways.

A key part of our vision as church is to see new leaders raised up in all parts of life, both inside and outside of church. It is great to have young leaders from within Ebe take on the leading of this community, and to see this group growing numerically too.

Taste Café

We continue to run a weekly community café which remains both popular and needful in the local area. Over the winter period, it proved to be a helpful ‘warm space’, enabling people to benefit from a heated venue when the cost-of-living crisis was hard-hitting. Cakes, drinks and lunches are offered at very low prices, making them affordable for all, but especially for those who are struggling financially.

The café has also been a place of company, friendship and developing relationships – a wonderful mix of people, of all ages, from church and the communities of Horfield, Lockleaze and Filton. Parents have also appreciated the additional play areas for pre-school children.

Most weeks, an organisation or agency will attend (e.g. Citizens Advice), using a space within the café to promote the help that they can offer to people.

Footprints

This is our weekly group for senior citizens in church and the local community. As with the previous year, we have seen even more new people join, and weekly attendances have continued to average between 30 and 40. Towards the year end, we started to see up to 45 which has been a great encouragement. Whilst new people have joined the group, we have sadly lost others who have passed away in their old age. It has been a privilege to hold funeral services at Ebenezer Church and to support the family members on their sad loss. Footprints is a place of company and friendship for all, but especially for those who experience the challenges of loneliness and isolation. We do not charge a subscription for this group but people voluntarily give donations in appreciation of what the group does for them. A range of entertainment is provided alongside running some religious occasions such as Easter, Christmas, Harvest and Remembrance services.

Youth Work

With a larger group of young people engaging with our youth programme, this year has seen us trialling new activity for our young people:

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TRUSTEES’ ANNUAL REPORT

YEAR ENDED 31 MARCH 2024

These trials have proved very successful and popular. It has been especially good to see our young people bringing their friends to these occasions. The Sunday Youth Group continues every week alongside the church service. Our young people engage well with each other, developing stronger friendships. We teach our young people good values from the Bible, encouraging them to respect other people and the world in which they live.

Contribution of Volunteers

It is not possible to quantify the contribution of volunteers to the activities of Ebetrust but they are involved in the majority of activities described above.

Public Benefit

The Trustees confirm that they have complied with the duty outlined in the Charities Act 2011, to have paid due regard to the Public Benefit guidance published by the Charity Commission.

Financial Review

The financial results for the year are set out in the Statement of Financial Activities. In 2024 income was £260,599 (2023: £263,353) a decrease of 1.05% from 2023.

Overall, income is broadly in line with the previous year with a decrease of £10,476 in donations and grants.

Expenditure on charitable activities was £204,338 (2023: £185,413) an increase of 10.2% from 2023. In light of the cost of living crisis we believe the increase in expenditure is in line with what might have been expected for an organisation of our size. Net current assets at 31 March 2024 were £267,745 (2023: £211,484). Cash at bank and in hand as at 31 March 2024 amounted to £256,022 (2023: £198,176).

Reserves Policy

The Trustees have established a policy whereby the free reserves held by the charity (total funds less any funds either designated for a particular purpose or held in the form of fixed assets) should be set at £65,000. This figure takes into account three months debit turnover (approx. £50,000), the ability to respond to an important/urgent Global Partnerships or similar request (£5,000) and to be able to protect the church against unforeseen adverse circumstances, for example unexpected infrastructure costs (£10,000).

At the year-end the free reserves of the charity were £130,500. We have agreed a new reserves policy which states the requirement to keep £65,000 in reserves, and we are actively planning ways to spend the additional reserves (£65,500) over a number of years in line with our charitable objectives.

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EBETRUST

TRUSTEES’ ANNUAL REPORT

YEAR ENDED 31 MARCH 2024

The trustees have set aside £97,860 of reserves which are currently represented as designated funds in the financial statements. Over the next financial year, these reserves will be spent in the following way:

We would like to plan the use of the remaining free reserves later, when we will be able to review the costs of the building work and any other significant changes within the work of the charity.

Funds Held as Custodian Trustee

Ebetrust acts as a custodian Trustee holding cash on behalf of Love Horfield. Love Horfield’s objects are to support local people including young people and children to make Horfield a better place to live work study and play. Ebetrust hold the funds within their own bank accounts but have control measures to account for these funds separately. Refer to note 17 for details of the funds received, payments made and balances held on behalf of Love Horfield in the year.

Trustee’s Responsibilities

The Trustees (who are also directors of Ebetrust for the purposes of company law) are responsible for preparing the Trustees’ Report (incorporating the strategic report and directors’ report) and the financial statements in accordance with applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102: The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Accepted Accounting Practice).

Company law requires the Trustees 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 income and expenditure of the charitable company for that period. In preparing these financial statements, the Trustees are required to:

The Trustees are responsible for keeping adequate 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 Companies Act 2006. 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.

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EBETRUST

TRUSTEES’ ANNUAL REPORT

YEAR ENDED 31 MARCH 2024

Registered office: Ebenezer Evangelical Church 286 Filton Avenue Horfield Bristol BS7 0BA

Signed by order of the Trustees

………………………………… ………………………………… Susan Fisher John Wall Trustee Chair

………………………………… Annette Jones Trustee

Dec 02 2024

Approved by the Trustees on ……………………….

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EBETRUST

REFERENCE & ADMINISTRATIVE INFORMATION

YEAR ENDED 31 MARCH 2024

The directors who served the company during the year and since the year end were as follows:

Trustees:

John Wall (Chair) Adrian Reed John Payton Derek Powell Andrew Tett – resigned 23/04/2024 Stewart North Ian Powell Fiona Brooks Andy Smith Annette Jones (Secretary) Susan Fisher Lee Haynes

Registered office:

Ebenezer Evangelical Church 286 Filton Avenue Horfield Bristol BS7 0BA

Independent examiner:

Joshua Kingston BSc, ACA Burton Sweet Limited Chartered Accountants The Clock Tower 5 Farleigh Court Old Weston Road Flax Bourton Bristol BS48 1UR

Bankers:

CAF Bank Ltd 25 Kings Hill Avenue Kings Hill West Malling Kent ME19

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EBETRUST

INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF EBETRUST

YEAR ENDED 31 MARCH 2024

Independent examiner’s report to the trustees of Ebetrust (‘the Company’)

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2024.

Responsibilities and basis of report

As the charity’s trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’).

Having satisfied myself that the accounts of the Company are not required to be audited 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 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.

Independent examiner’s 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 confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

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 in order to enable a proper understanding of the accounts to be reached.

Joshua Kingston BSc, ACA Burton Sweet Limited The Clock Tower 5 Farleigh Court Old Weston Road Flax Bourton Dec 02 2024 Bristol BS48 1UR Date: ………………………………

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EBETRUST

STATEMENT OF FINANCIAL ACTIVITIES (INCLUDING INCOME AND EXPENDITURE ACCOUNT) YEAR ENDED 31 MARCH 2024

Note
Income from:
Donations and grants
2
Charitable activities
3
Investments
Total income
Expenditure on:
Charitable activities
4
Total expenditure
Net income/(expenditure)
6
Transfers between funds
13
Net movement in funds
Total funds at start of year
13
Total funds at end of year
13		 Unrestricted
Funds
£
180,622
25,511
3,150
209,283
188,541
188,541
20,742
195
20,937
497,423
518,360		 Restricted
Funds
£
51,316
-
-
51,316
15,797
15,797
35,519
(195)
35,324
4,061
39,385		 Total Funds
2024
£
231,938
25,511
3,150
260,599
204,338
204,338
56,261
-
56,261
501,484
557,745		 Total Funds
2023
£
242,414
20,939
-
263,353
185,413
185,413
77,940
-
77,940
423,544
501,484

The Charity has no recognised gains or losses other than the results for the year as set out above.

All of the activities of the charity are classed as continuing.

The notes on pages 14 to 23 form part of these financial statements See note 9 for fund-accounting comparative figures

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EBETRUST

BALANCE SHEET

AS AT 31 MARCH 2024

Company number: 06856916

Note
Fixed assets
Tangible assets
10
Current assets
Debtors
11
Cash at bank and in hand
Creditors : amounts falling
due within one year
12
Net current assets
Net assets
FUNDS
Unrestricted funds
14
Restricted funds
14
Total funds		 2024
£
290,000
290,000
32,307
256,022
288,329
(20,584)
267,745
557,745
518,360
39,385
557,745		 2023
£
290,000
290,000
15,588
198,176
213,764
(2,280)
211,484
501,484
497,423
4,061
501,484

For the year ended 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Trustees responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.

The trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies’ regime.

Dec 02 2024

These financial statements were approved by the Trustees on ….......................................2024 and are signed on their behalf by:

…........................................ …..................................... …..................................... S Fisher J Wall Annette Jones Trustee Trustee Trustee

The notes on pages 14 to 23 form part of these financial statements

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EBETRUST

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 MARCH 2024

1 Accounting policies

Accounting convention

The financial statements have been prepared in accordance with the historical cost convention (except where otherwise stated in the accounting policy note) and in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued in October 2019, and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102), and the Companies Act 2006.

The charity is a public benefit entity as defined under FRS102. The Trustees consider that there are no material uncertainties affecting the ability of the charity to continue as a going concern.

Income

Income from donations is included in income when these are receivable, except as follows:

I. When donors specify that donations given to the charity must be used in future accounting periods, the income is deferred until those periods;

II. When donors impose conditions which have to be fulfilled before the charity becomes entitled to use such income, the income is deferred until the pre-conditions have been met.

Investment income is included on a receivable basis.

Income from Gift Aid Tax refunds is recognised at the time the original donation is received by the charity.

Hire income

Hire income is included in the Statement of Financial Activities when the charity becomes entitled to the income and the amount can be quantified with reasonable accuracy.

Expenditure

Expenditure is recognised in the period in which it is incurred. Expenditure includes attributable VAT which cannot be recovered.

Charitable Activities

Most expenditure is directly attributable to charitable activities. Support costs have been allocated 100% towards the charitable activities of the charity. Governance costs include those costs associated with meeting the constitutional and statutory requirements of the charity and include the independent examination fees and costs linked to the strategic management of the charity. They have been included within charitable expenditure.

Grants payable

Grants payable are charged to the Statement of Financial Activities in the accounting period in which allocation of the award is communicated to the recipient.

Debtors

Trade and other debtors are recognised at the settlement amount due after any trade discounts offered.

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EBETRUST

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 MARCH 2024

Cash and cash equivalents

Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less.

Tangible fixed assets

Fixed assets are held at cost less accumulated depreciation. Assets costing less than £1,000 are not capitalised. Depreciation is calculated so as to write off the cost of an asset, less its estimated ultimate residual value, over the useful life of that asset as follows:

Freehold Property - 0% per annum straight line Equipment - 20% per annum straight line

As permitted by the Statement of Recommended of Practice, no provision for depreciation has been made for freehold property as it is the view of the Trustees that the estimated residual value of each property is not materially different from the carrying value. The Trustees annually review the carrying value for indication of any impairment.

In line with guidance in the Charities Statement of Recommended Practice, donated properties have been included in the Balance Sheet at the value for the charity at the date of the gift.

Creditors

Creditors and provisions are recognised where the charity has a present obligation from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are recognised at their settlement amount after allowing for any discounts due.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objects at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in notes of the financial statements.

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NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 MARCH 2024

2 Income from: Donations and grants

Gifts and offerings
Regular
One-off
Gift aid
Grants
Prior year comparative
Gifts and offerings
Regular
One-off
Gift aid
Grants		 Unrestricted
Funds
£
116,913
30,906
32,300
503
180,622
Unrestricted
Funds
£
144,904
29,082
49,794
18,634
242,414		 Restricted
Funds
£
1,000
282
1
50,033
51,316
Restricted
Funds
£
-
-
-
-
-		 Total Funds
2024
£
117,913
31,188
32,301
50,536
231,938
Total Funds
2023
£
144,904
29,082
49,794
18,634
242,414

Included in the above are donations of £48,118 (2023: £44,631) received from trustees and other related parties.

3 Income from: Charitable activities

Event income
Café sales
Hire of premises
Other income		 Unrestricted
Funds
£
4,799
4,747
15,775
190
25,511		 Restricted
Funds
£
-
-
-
-
-		 Total Funds
2024
£
4,799
4,747
15,775
190
25,511		 Total Funds
2023
£
3,030
4,685
11,949
1,275
20,939

All prior year income was represented by unrestricted funds.

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EBETRUST

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 MARCH 2024

4 Expenditure on: Charitable activities

Grants for Christian work (see note 5)
Church workers (see note 7)
Speakers' expenses and gifts
Event expenses
Youth events
Support costs
Rent of Sunday meeting venue
Repairs and maintenance
Insurance
Rates, heat and light
Subscriptions and licences
Office costs and ministry expenses
Cleaning
Telephone and broadband
Training and meeting costs
Miscellaneous
Governance costs		 Unrestricted
Restricted
Total Funds
Funds
Funds
2024
£
£
£
43,203
300
43,503
115,380
3,150
118,530
600
-
600
5,205
4,319
9,524
498
69
567
-
-
-
5,888
2,250
8,138
2,392
-
2,392
1,970
3,000
4,970
2,495
150
2,645
2,662
470
3,132
2,118
162
2,280
560
-
560
277
-
277
2,353
1,927
4,280
2,940
-
2,940
188,541
15,797
204,338		 Total Funds
2023
£
37,460
107,850
300
7,295
185
6,600
2,848
2,122
5,731
2,369
3,331
2,034
594
517
4,288
1,889
185,413

Included within governance costs is independent examiner's fee of £2,610 (2023: £2,280).

All prior year expenditure was represented by unrestricted funds.

5 Analysis of grants

To institutions
Bristol International Trust (BISC)
Bristol Noise
North Bristol Foodbank
Herald church
Disaster Emergency Committee
Southmead Hospital Charity
Refugee Welcome Hope
In hope
Other gifts to institutions (all less than £1,000)
To individuals		 2024
£
-
63
1,965
-
-
-
1,423
1,423
2,088
36,541
43,503		 2023
£
4,950
49
1,126
60
1,250
250
-
-
5,446
24,329
37,460

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EBETRUST

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 MARCH 2024

6 Net income/(expenditure) for the year

This is stated after charging:

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||||| |---|---|---|---| |2024|2023| |£|£| |Independent examiner's fee|- for independent examination services|2,610|2,280| |-| |- for under provision in prior year|(391)| |Remuneration of trustees|91,120|82,900|

----- End of picture text -----

7 Trustees have been reimbursed for their out of pocket travel expenses £3,719 (2023: £Nil).

7 Staff costs and numbers

The aggregate payroll costs were:

----- Start of picture text -----
|||| |---|---|---| |2024|2023| |£|£| |Church contractors|118,530|107,850| |-|-| |Wages and salaries| |118,530|107,850|

----- End of picture text -----

These costs relate to 3 self employed individuals (2023: 3) engaged under service agreements and no employees (2023: Nil).

No employee received emoluments of more than £60,000 (2023: none).

The key management personnel is comprised of, S North, D Powell, S Allan, R Varley, E Champion-Howard and E Legg-Bagg, along with the charity's trustees.

The total benefits paid to key management personnel during the year were £118,530 (2023:£107,850).

This includes benefits totalling £45,560 (2023: £41,450) to D Powell and £45,560 (2023: £41,450) to S North, who are trustees of the charity. This payment is permitted by the charity's Memorandum and Articles of Association.

8 Taxation

The charity is exempt from corporation tax on its charitable activities.

18

EBETRUST

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 MARCH 2024

9 Statement of Financial Activities comparative figures

For the year ended 31 March 2023
Income from:
Donations and grants
Charitable activities
Total income
Expenditure on:
Charitable activities
Total expenditure
Net income/(expenditure)
Transfers between funds
Net movement in funds
Total funds at start of year
Total funds at end of year		 Unrestricted
Funds
£
242,414
20,939
263,353
185,413
185,413
77,940
-
77,940
419,483
497,423		 Restricted
Funds
£
-
-
-
-
-
-
-
-
4,061
4,061		 Total Funds
2023
£
242,414
20,939
263,353
185,413
185,413
77,940
-
77,940
423,544
501,484

19

EBETRUST

NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2024

----- Start of picture text -----
10 Tangible fixed assets
Freehold
Property Equipment Total
£ £ £
Cost
At 1 April 2023 and 31 March 2024 290,000 11,498 301,498
Depreciation
-
At 1 April 2023 and 31 March 2024 11,498 11,498
Net book value
At 31 March 2024 290,000 - 290,000
At 31 March 2023 290,000 - 290,000
11 Debtors
2024 2023
£ £
Gift Aid debtor 32,302 15,588
Other debtors 5 -
32,307 15,588
12 Creditors: amounts falling due within one year
2024 2023
£ £
Accruals and deferred income 2,610 2,280
Other creditors 17,974 -
20,584 2,280
----- End of picture text -----

20

EBETRUST

NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2024

13 Movement in funds

For the year ended 31 March
Restricted funds
Minibus Fund
After School Hangout
Event Catering
BCCF Welcome Spaces
Co-op Local Community Fund
Community Resilience Fund
Feeding Bristol HS Fund
John James Foundation
Quartet Warm Space
Revenue Grant
Waitrose Henleaze
Unrestricted funds
General Funds
Designated Funds
Capital Expenditure Fund
Contingency (building work)
Audio-visual
Staffing fund
Total funds
For the year ended 31 March
Restricted funds
Minibus Fund
Unrestricted funds
General funds
Total funds		 2024
At 1 Apr
2023
£
4,061
-
-
-
-
-
-
-
-
-
4,061
497,423
-
-
-
-
497,423
501,484
2023
At 1 Apr
2022
£
4,061
4,061
419,483
419,483
423,544		 Income
£
-
283
1,000
2,500
666
29,125
6,500
262
5,000
5,230
750
51,316
209,283
-
-
-
-
209,283
260,599
Income
£
-
-
263,353
263,353
263,353		 Expenditure
£
-
(174)
(805)
(1,417)
-
-
(6,191)
(262)
(4,878)
(1,320)
(750)
(15,797)
(188,541)
-
-
-
-
(188,541)
(204,338)
Expenditure
£
-
-
(185,413)
(185,413)
(185,413)		 Transfers
£
-
-
(195)
-
-
-
-
-
-
-
-
(195)
(97,665)
45,000
20,000
2,860
30,000
195
-
Transfers
£
-
-
-
-
-		 At 31 Mar
2024
£
4,061
109
-
1,083
666
29,125
309
-
122
3,910
-
39,385
420,500
45,000
20,000
2,860
30,000
518,360
557,745
At 31 Mar
2023
£
4,061
4,061
497,423
497,423
501,484

21

EBETRUST

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 MARCH 2024

13 Movement in funds (continued)

Restricted funds

Minibus Fund - This represents offerings given towards the future purchase of a minibus.

BCCF Welcome Spaces - This fund represents a Welcome Spaces grant from Bristol Churches City Fund for community hub equipment, marking and subsistence.

Co-op Local Community Fund - This fund represents Co-op members raising money for community events including food, drink, and overheads.

Community Resilience Fund - This fund represents a grant from Bristol City Council for community hub improvements including building work and associated costs.

Feeding Bristol HS Fund - This fund represents a grant from the Household Support Fund run by Feeding Bristol for staffing, energy bills and non Christian focused community events.

John James Foundation - This fund represents a grant from the John James Foundation for Summer Cream Tea on 10th July.

Quartet Warm Space - This fund represents a grant from Bristol City Council Social Action Small Grants Programme to further develop the building as a Community Hub.

Revenue Grant - This fund represents a grant received from Bristol City Council, supplement to Community Resilience Fund for surveyors, architects, lost income from taste café.

Waitrose Henleaze This fund represents a grant from Waitrose for Footprints Christmas Meal.

Designated funds

Capital Expenditure (building improvements) - This fund represents funds set aside towards future capital costs to be spent on building improvments.

Contingency for building work - This fund represents funds set aside to cover future expenditure on building work for the Church.

Audio-visual - This fund represents funds set aside under the discretion of trustees for audio-visual costs.

Staffing fund - This fund represents funds set aside towards expenditure on full term staff salaries that have been agreed.

22

NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2024

EBETRUST

14 Analysis of net assets between funds

As at 31 March 2024
Tangible fixed assets
Other net assets
Prior year comparative
As at 31 March 2023
Tangible fixed assets
Other net assets		 Restricted
Funds
£
-
39,385
39,385		 Unrestricted
Designated
Funds
£
-
97,860
97,860
Restricted
Funds
£
-
4,061
4,061		 Unrestricted
General
Funds
£
290,000
130,500
420,500
Unrestricted
General
Funds
£
290,000
207,423
497,423		 Total
£
290,000
267,745
557,745
Total
£
290,000
211,484
501,484

15 Related party transactions

Derek Powell is a Trustee. During the prior year the charity received donations, including gift aid, towards the wider ministry work of Derek Powell totalling £2,500. This was given as a grant to Derek Powell in the year in the same way as other gifts received and grants made to Christian workers and ministries.

There are no other transactions with trustees or other related parties other than those disclosed as required by the SORP elsewhere in the financial statements.

16 Company limited by guarantee

The company is limited by guarantee and as such has no issued share capital. In the event of the company being wound up the liability of the members is limited to £1 each.

17 Funds held as a custodian for others

At the year end, the charity held £1,141 (2023: £1,232) of cash balances under the control of Love Horfield. These balances have been excluded from the balance sheet.

In the year funds were received on behalf of Love Horfield totalling £Nil (2023: £198).Payments made as a custodian trustee on behalf of Love Horfield totalled £91 (2023: £295).

Further details of the custodian trustee relationships can be found within the trustees' report.

23