2023-03-31-accounts - The Charis Trust

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			Page
Report ofthe Trustees		1	to	4
Independent Examiner's	Report
Statement of Financial	Actlvttlss
Balance Sheet		7 to		8
Notes to the Financial Statements		9 to		19

					2023	2022
			Unrestricted	Restricted	Total	Total
			fund	fund	funds	funds
		Notes	F	6	6	F
INCOME AND ENDOWMENTS	FROM
Charitable activities General charitable work		3	64,041			85,289
Investment income		2	124,061		124,061	95,430
Total			188,102		188,102	160,719
EXPENDITURE ON Raising funds		4	5,050		5,050	8,517
Charitable activities General charitable work Religious education Social welfare Medical welfare			52,282 1,289,672 60,171 121,632		52,282 1,289,672 80,171 121,632	18,984 1,129,448 38,600 178,283
Total			1,528,807		1,528,807	1,373,812
Net gainsl(losses) on investments			(464,418)		(464,418)	730,555
NET INCOME/(EXPENDITURE)			(1,805,123)		(1,805,123)	(482,538)
RECONCILIATION OF FUNDS
Total funds brought forward			12,092,556	139,557	12,232,113	12,714,651
TOTAL FUNDS CARRIED FORWARD			10,287,433	139,557	10,426,990	12,232,113

				2023	2022
		Unrestricted	Restricted	Total	Total
		fund	fund	funds	funds
	Notes		6	F	E
FIXEDASSETS Tangible assets Investments	13 14	3,904,474 593,966		3,904,474 593,966	3,900,739 3,996,385
		4,498,440		4,498,440	7,897,124
CURRENT ASSETS Debtors Cash at bank	15	360,337 5,435,102	139,557	360,337 5,574,659	514,636 3,826,967
		5,795,439	139,557	5,934,996	4,341,603
CREDITORS Amounts falling due within one year	16	(6,446)		(6,446)	(6,614)
NET CURRENT ASSETS		5,788,993	139,557	5,928,550	4,334,989
TOTAL ASSETSLESSCURRENT LIABILITIES		10,287,433	139,557	10,426,990	12,232,113
NET ASSETS		10,287,433	139,557	10,426,990	12,232,113
FUNDS Unrestricted funds Restricted funds	17			10,287,433 139,557	12,092,556 139,557
TOTAL FUNDS				10,426,990	12,232,113

INVESTMENTINCOME
			2023	2022
Dividends received Deposit account interest			87,784 36,277	95,364 66
			124,061	95,430
INCOME FROM CHARfTABLE ACTIVITIES			2023	2022
Rent receivable	Activity General charitable	work	E 64,041	65,289
RAISING FUNDS
Investment management	costs		2023	2022
			f	F
Support costs			5,050	8,517

CHARITABLE ACT	IVITIES COST	S
			Grant
			funding of
		Direct	activities	Support
		Costs (see note 6) F	(see note 7)	costs (see note 8)	Totals 6
General charitable Religious education Social welfare Medical welfare	work	12,603	1,289,672 60,171 121,632	39,679	52,282 1,289,672 60,171 121,632
		12,603	1,471,475	39,679	1,523,757

	COSTSOFCHARITABLEACTIVITIES
	DIRECT	2023	2022
		6	6
	Rates and water Insurance Light and heat Property maintenance Profit on sale ofassets	179 2,618 118 12,330 (2,642)	2,963 2,665 737 44,063 (67,698)
		12,603	(17,270)
7.	GRANTS PAYABLE	2023	2022
		6	6
	Religious education Social welfare Medical welfare	1,289,672 60,171 121,632	1,129,448 38,600 178,263
		1,471,475	1,346,311

NOTES TO THE FINANCIAL STATEMENTS -continue FOR THE YEAR ENDED 31 MARCH 2023	d
GRANTS PAYABLE -continued
The total grants paid to institutions during the year was as follows:	2023	2022
	6	6
Family in Trust- to assist with the cost of repairs to properly used for charitable purposes and a grant to enable employment ofa support worker Danbury Mission Evangelical Church - support of Christian Ministry Bringing Good News - supporting the spread of the gospel, relieving poverty and suffering while encouranging self sufficiency Wycliffe Bible Transistors —donations to support bible translation work across Sub-Sahara and Southern Africa	123,164 140,772 5,000 6,000	57,679 118,049 5,000 6,000
George Whitefield College South Africa - support ofa Theological College in South Africa training Ministers Stand By Me - towards work for children worldwide The Areopagus Trust- support ofChristian Ministry in completion ofa conference centre to train Christian workers for universities and colleges Bridgend Business Centre - support ofChristian Ministry in Romania Agape Ministries - support of Christian Ministry	102,000 5,180 2,000 2,400 6,100	102,000 5,180 2,000 2,400 1,200
ST Ebbe's PCC - support ofChristian Minister in developing international gospel opportunities Prodamation Trust - support of training for Gospel Ministry	10,000 36,000	10,000 36,000
Stewardship - donation to charity to help fund the provision ofservices to religious educational establishments Jubilee Centre - support ofChristian Ministry	20,370	15,520 100
Starlight Childrens Foundation - donation to fund help for seriously ill children	1,000
Farleigh Hospice - to assist with funding for hospice Africa Inland Mission International -support of Christian Ministry Chelmsford Chess - donation to relieve homelessness and hardship	10,000 10,000	5,000
Disasters Emergency Committee - Coronavirus Appeal UCCF The Christian Unions - charity supporting students Friends ofJohannesburg Bible College - Christian Ministry	10,000	10,000 2,000
The Word One To One,The Rock Foundation —To provide extra staff at Christian Charity supporting young and old disadvantaged people SKE Foundation —to support a Christian Ministers son to attend school Comhill Scotland - college training in biblical expository ministry	50,004 7,618 44,000	45,837 6,093
Westminster @One - support of Christian Ministry in the City of London	5,000	5,000
Healthy Living Project Umited - provision of holistic care within the London Borough of Redbridge The Field Lane Foundation - supports highly vulnerable people	1,500	2,000
Great Ormond Street Hospital- fundraising sponsorship	1,500
The George Muller Charitable Trust - to support orphans ofthe world today Cleft - Improving the lives ofthose born with cleft lip and palate	3,600 150	3,600 1,250
Dolphin School Trust - Common nurturing children ages 2-11, grounded in Christian values	5,000	4,808
Ecfisa Trinity Church - makes the connection between donors with a heart for South Africa	25,000	25,000
Fair Havens Hospice - to assist with funding for hospice		5,000
Katie Piper Foundation - support survivors of burns and people with scars		30,000
Kidz Klub Leeds - Work with children in every aspect oftheir lives
across the most challenging areas of Leeds		1,000
Oak Hill College - Prepare and train men and women for ministry in Anglican and Independent churches Poole-Wau Partnership Charitable Trust - support of Christian Ministry The Salvation Army- donation to support the vunerable at Christmas	3,575	30,000 7,450 5,000

NOTES TO THE FINANCIAL STATEMENTS -continue FOR THE YEAR ENDED 31 MARCH 2023	d
GRANTS PAYABLE -continued International Presbyterian Church - support of Christian ministry The Cruden Trust - support of Christian ministry	12,000 20,004	48,000 20,004
Christian Books Worldwide - UK based charity dedicated to advancing the knowledge of God by providing theological literature Helen Rollason Cancer Charity- Dedicated to supporting people whose lives have been affected by cancer	12,000	13,000 500
BRIGHT - Improving the lives ofthose affected by gastro-intestinal, liver and pancreatic cancers AMiE - A fellowship ofAnglican churches committed to gospel mission	10,000	1,000 10,000
Shift.ms - Social network for people with multiple sclerosis, supporting people with MS across the world Alzheimer's Research UK- Dedicated to causes, diagnosis, prevention, treatment and cure ofAlzheimers Christians in Sport - UK based charity that aims to reach the world of sport for Christ, working with sportspeople in competitive and elite sport	100,000	1,000 100,000 10,000
Lifelites - Enrich the lives ofchildren and young people with life-limiting
and life-threatening conditions in children's hospices through the magic of assistive technology		10,000
St Barnabas Bible Church - Provide training to pastors to work for the church across South Afdca		7,528
George Whiteffeld College - Ark Endowment Fund to establish a fund to support the future training ofChristian Ministers George Whiteffeld College —Support of training for Christian Ministry	500,000 14,969	500,000 9,000
Age Well East -work with the elderly to maintain their independence and provide crucial support Beyond The Street - support and empowerment for women	3,000 1,000
Challenge Ministries Swaziland UK- food and water security in Eswatini for vulnerable and orphaned children	5,000
Eastside Community Trust - supporting vulnerable and disadvantaged children and young people Greenstead Evangelical Free Church - support for church in Colchester The Grammar School at Leeds - nurturing children ages 3-18	500 5,824 3,000
Word Alive - to assist with equipping and resourcing the church for their mission to the world	22,937
Home for Good - supporhng vulnerable children in care	3,000
Rainbow Trust Children's Charity - provide emotional suuport to help
families	2,000
Prostrate Cancer UK - support towards prostate cancer research and awareness	500
St Peter's Hospital - health facility in Maldon	213
Just Giving - Help for Ukraine	1,000
	1,353,880	1,280,198
The total grants paid to individuals during the year was as follows:	2023	2022
	f	F
Religious Education Medical Welfare	75,155 2,769	8,000 25,513
Social Welfare	39,671	32,600
	117,595	66,113

SUPPORT COSTS
			Governance
		Management 6	costs F	Totals 8
Investment management costs General charitable work		5,050 34,989	4,690	5,050 39,679
		40,039	4,690	44,729
NET INCOME/(EXPENDITURE)
Net income/(expenditure) is	stated after charging/(crediting):
			2023	2022
				F
Depreciation - owned assets Surplus on disposal offixed Examiners' fee - independent	assets examination		10,925 (2,642) 4,690	9,288 (67,698) 4,590

					2023	2022
No employees received emoluments			in excess ofF60,000.
COMPARATIVES	FOR THE STATEMENT OF FINANCIAL			ACTMTIES
				Unrestricted	Restricted	Total
				fund F	fund	fundsf
INCOME AND ENDOWMENTS		FROM
Charitable activities
General charitable	work			65,289		65,289
Investment income				95,430		95,430
Total				160,719		160,719
EXPENDITURE ON
Raising funds				8,517		8,517
Charitable activities
General charitable	work			18,984		18,984

	NOTES TO THE FINANCIAL STATEMENTS -continued FOR THE YEAR ENDED 31 MARCH 2023	NOTES TO THE FINANCIAL STATEMENTS -continued FOR THE YEAR ENDED 31 MARCH 2023	NOTES TO THE FINANCIAL STATEMENTS -continued FOR THE YEAR ENDED 31 MARCH 2023	NOTES TO THE FINANCIAL STATEMENTS -continued FOR THE YEAR ENDED 31 MARCH 2023
12.	COMPARATIVES FOR THE STATEMEN'T OF FINANCIAL ACTIVITIES -continued Unrestricted Restricted				Total
			fund	fund	funds
			6	6	6
	Religious education Social welfare Medical welfare		1,129,448 38,600 178,263		1,129,448 38,600 178,283
	Total		1,373,812		1,373,812
	Net gains on investments		730,555		730,555
	NET INCOMEI(EXPENDITURE)		(482,538)		(482,538)
	RECONCILIATION Total funds brought	OF FUNDS forward	12,575,094	139,557	12,714,651
	TOTAL FUNDS CARRIED FORWARD		12,092,556	139,557	12,232,113
13.	TANGIBLE FIXED	ASSETS
				Fixtures
			Freehold	and
			property f	fittings F	Totals 6
	COS'T
	At 1 April 2022 Additions		3,889,275 401,203	27,865 9,696	3,917,140 410,899
	Disposals		(396,239)		(396,239)
	At 31 March 2023		3,894,239	37 561	3931800
	DEPRECIATION
	At 1 April 2022 Charge for year			16,401 10,925	16,401 10,925
	At 31 March 2023			27,326	27,326
	NET BOOK VALUE At 31 March 2023		3,894,239	10,235	3,904,474
	At 31 March 2022		3,889,275	11,484	3,900,739

FIXEDASSETINVESTMEN'TS
		Listed
		investments
		6
MARKET VALUE At 1 April 2022 Additions Disposals Unrealised gains/(losses)		3,996,385 737,370 (3,937,208) (202,581)
At 31 March 2023		593,966
NE'T BOOK VALUE At 31 March 2023		593,966
At 31 March 2022		3,996,385
Listed investments:
		6
North American equities		593,966
		593,966
Investments that are material	in the context ofthe	market value of the portfolio are listed below: 2023
		6
North American equities: Newmont Mining Corp		593,966
Cost or valuation at 31 March	2023 is represented	b)r.

					Listed
					investments
					8
	Valuation	in 2023			(7,544)
	Cost				601,510
					593,966
15.	DEBTORS
				2023	2022
				F	6
	Amounts falling due within one year: Other debtors			256,747	149,000
	Prepayments		and accrued income	3,590	8,889
				260,337	157,889

DEBTORS-continued
	2023	2022
	6	E
Amounts falling due after more than one year: Other debtors	100,000	356,747
	360337	514636

CREDITORS:AMOUNTS
	2023	2022
	F	F„
VAT Accrued expenses	99 6,347	130 6,484
	6,446	6,614

MOVEM	ENT	IN FUNDS
				Net
				movement	At
			At 1.4.22	in funds	31.3.23
					6
Unrestricted		funds
General	fund		12,092,556	(1,805,123)	10,287,433
Restricted funds
Restricted funds			139,557		139,557
TOTAL	FUNDS		12,232,113	(1,805, 123)	10,426,990

Net mov	ement	in funds, included	in the above are as follo	ws:
			Incoming	Resources	Gains and	Movement
			resources f	expended F	losses	in funds 6
Unrestricted		funds
General	fund		188,102	(1,528,807)	(464,418)	(1,805,123)
TOTAL	FUNDS		188,102	(1,528,807)	(464,418)	(1,805,123)

Comparatlves for movement In funds
		Net
		movement	At
	At 1.4.21	in funds	31.3.22
	6	6	F
Unrestricted funds General fund	12,575,094	(482,538)	12,092,556
Restricted funds Restricted funds	139,557		139,557
TOTALFUNDS	12,714,651	(482,538)	12,232,113

Comparative	net movement in fu	nds, included in the abov	e are as follows:
		Incoming	Resources	Gains and	Movement
		resources	expended	losses	in funds
		6	6	6	8
Unrestricted	funds
General fund		160,719	(1,373,812)	730,555	(482,538)
T'OTAL FUNDS		160,719	(1,373,812)	730,555	(482,538)

A curren	t yea	r 12months and prior year	12months combined position is	as follows:
				Net
				movement	At
			At 1.4.21	in funds	31.3.23
			6	F	6
Unrestricted		funds
General	fund		12,575,094	(2,287,661)	10,287,433
Restricted funds
Restricted funds			139,557		139,557
TOTAL	FUNDS		12,714,651	(2,287,661)	10,426,990

above a	re as	follows;
			Incoming	Resources	Gains and	Movement
			resources 6	expended 6	losses F	in funds 6
Unrestricted		funds
General	fund		348,821	(2,902,619)	266,137	(2,287,661)
TOTAL	FUNDS		348,821	(2,902,619)	266,137	(2,287,661)