**REGISTERED COMPANY NUMBER: 07436799 (England and Wales) REGISTERED CHARITY NUMBER: 1140637**
## **REPORT OF THE TRUSTEES AND**
**UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025**
## **FOR**
## **THE CHARIS TRUST**
Goldwyns Limited Chartered Accountants 1 Nelson Mews Southend on Sea Essex SS1 1AL
**THE CHARIS TRUST**
## **CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025**
|||**Page**||
|---|---|---|---|
|**Report of the Trustees**|1|to|4|
|**Independent Examiner's Report**||5||
|**Statement of Financial Activities**||6||
|**Balance Sheet**|7|to|8|
|**Cash Flow Statement**||9||
|**Notes to the Cash Flow Statement**||10||
|**Notes to the Financial Statements**|11|to|21|
## **THE CHARIS TRUST (REGISTERED NUMBER: 07436799)**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025**
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2025. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
## **OBJECTIVES AND ACTIVITIES**
## **Objectives and aims**
The objects of the charity are specifically restricted to the following:
- the furtherance of religious or secular education;
- the advancement of tenets of the Christian faith either in the United Kingdom or overseas;
- the relief of the poor and needy;
- the help and comfort of the sick and the aged;and
- the advancement of any religious or other exclusively charitable purpose not inconsistent with the clauses above which may from time to time commend itself to the Board of Trustees.
The charity meets these objectives by the making of grants to other charities and individuals as the trustees consider appropriate. The charity awards grants to educational establishments and individuals to support Christian Ministry training, in the United Kingdom and overseas. It provides financial contributions towards Church building and planting, supporting Christian Ministry in a variety of ways and for projects worldwide. The trustees are mindful of the needs of the poor, needy, sick, aged and disadvantaged in our community and seek to provide relief by awarding grants to individuals and supporting other charities and projects working in this area.
## **Significant activities**
The trustees consider that its grant making activities and the management of the charity's property portfolio are its significant activities.
## **Public benefit**
When planning activities for the year, the trustees have considered the Charity Commission's guidance on public benefit and, in particular, the specific guidance on charities for the advancement of religion. Whilst some of the activities directly benefit the advancement of the Christian faith the charity is outward looking seeking to alleviate suffering for anyone disadvantaged by illness, disfigurement, financial and emotional challenges in our society.
## **Grantmaking**
The trustees continue to be mindful and to consider prayerfully the many requests for assistance that fall within the objectives and aims of the charity, whilst seeking to be wise in the stewardship of the resources they have been given. The majority of the grant funding made by the charity is to support other charitable institutions and their projects. It is also mindful of the needs of the poor and needy in society and directly supports the needs of those disadvantaged by illness, poverty or bereavement by contributing to education, medical expenses and to support them wherever needed. It also provides support to individuals training for Christian Ministry or involved in Christian outreach projects.
Further details of the grants made during this period are given in the notes to the accounts
## **Volunteers**
Whilst some administration and maintenance functions are outsourced, the charity's day to day operations are reliant on the support of unpaid volunteers, who provide help to the trustees and to individuals being assisted by the charity. The varied nature of this support and time given make it impossible to quantify the time spent or number of people involved.
In addition the charity's trustees all serve on a voluntary basis.
Page 1
## **THE CHARIS TRUST (REGISTERED NUMBER: 07436799)**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025**
## **ACHIEVEMENTS AND PERFORMANCE**
## **Charitable activities**
During the year the trustees have made grants totalling £916,590 of which over 88% were to other charitable institutions, whose aims satisfy its charitable objectives. Grants of £796,319 were made towards religious education including support of Christian Ministry in both the United Kingdom and overseas. Grants of £75,494 were made towards towards social welfare which include grants made to charities supporting those with special educational needs, mental health difficulties, for the relief and education of orphaned, deprived or abandoned children both in the United Kingdom and overseas. Finally, grants of £44,777 were made to charities and individuals to relieve mental and physical illness including disfigurement, cancer, and disease and for terminally ill children.
The trustees endeavour to ensure that the benefits arising from the grants made are beneficial for all regardless of age, race, gender, class or religion.
A comprehensive summary of those given grant funding by the charity is provided in the notes to the financial statements.
The charity owns a number of properties which it uses to provide accommodation for those employed in Christian Ministry, training for Ministry, widows, retired ministers, the aged and disadvantaged in the community. The accommodation these properties provide enable many to live in the vicinity of their Church and benefit from Christian support, both physically and spiritually. In addition, these properties enable Church Ministers and their families to live close to the Church and be involved in the wider community. The trustees believe that their presence means that all areas of that community benefit from the Christian values that underpin our society.
The retirement complex at Quinlan Court continues to be in demand, providing both owned and rented accommodation for those who qualify in accordance with the objectives of the charity.
The two Woodpecker bungalows were occupied at various times during the year by a Christian Ministry trainee, a young Christian family in need of short term support and a disabled Christian lady.
In the year, all of the Mill Lane houses were let to Danbury Mission for the occupation of Church Ministers and trainees with a short void period during a change of occupation.
## **Fund- raising standards**
The charity welcomes funds from the public however the major donations this year were from A C Green and Mrs J M Green, who are trustees of the charity, with minimal donations from elsewhere.
## **Investment performance**
At the balance sheet date listed fixed asset investments held by the charity are reported at a market value of £1,122,704. This figure is £140,181 higher than original cost.
Page 2
## **THE CHARIS TRUST (REGISTERED NUMBER: 07436799)**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025**
## **FINANCIAL REVIEW**
## **Reserves policy**
Free reserves available for use exclude restricted funds and tangible fixed assets. The trustees review the level of the reserves required each year to be held in investments and cash. The trustees also consider the risk of exposure to any significant loss of income or unforeseen costs. There were one-off, significant donations this year though donations are unlikely to resume to historic levels due to the retirement of the main donor.
The financial ability of the charity to provide both capital and operational grants to projects which meet its objectives in the longer term has been considered by the trustees. The trustees have concluded that the unrestricted reserves of £9,775,824 which include fixed assets of £3,546,221 are sufficient to meet that need. Unrestricted free reserves of £6,229,603 (2024 - £6,389,186) were held at the balance sheet date. The trustees are considering future capital expenditures and therefore intend to retain the current level of free reserves until a decision is taken over that expenditure.
Other than the amounts disclosed in the notes to the financial statements, there were no material amounts designated or otherwise committed at the end of the reporting period.
The trustees are mindful of the restricted funds of £139,557 and the conditions attached. The trustees will continue to critically review outgoings that may satisfy these restrictions so as to utilise these funds.
## **FUTURE PLANS**
The board of trustees will continue to consider requests for assistance that fall within the objectives and aims of the charity and to manage the charity's property portfolio.
The trustees will continue to support other charities and individuals where their needs are assessed to be in accordance with the charitable objectives. The charity's free financial reserves enable its current level of activity to continue thus it will continue to support these organisations enabling them to maintain the services and support they in turn provide.
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **Governing document**
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.
## **Organisational structure**
The size of the charity means that both day to day issues and key decisions can be dealt with by the Board of Trustees. The Board meets regularly to decide the strategic direction the charity should take and set the financial targets going forward.
## **REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number**
07436799 (England and Wales)
## **Registered Charity number**
1140637
## **Registered office**
Woodham View Little Baddow Road Woodham Walter Maldon Essex CM9 6RP
Page 3
## **THE CHARIS TRUST (REGISTERED NUMBER: 07436799)**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025**
## **Trustees**
A C Green Mrs J M Green A J Barker J P B Harris FCA R J Green J J M Bird M J Fitzsimmonds-Taylor (appointed 14.4.24)
## **Independent Examiner**
Robert Howe BEng FCA Goldwyns Limited Chartered Accountants 1 Nelson Mews Southend on Sea Essex SS1 1AL
## **Bankers**
CAF Bank Limited 25 Kings Hill Avenue Kings Hill West Malling Kent ME19 4JQ
Approved by order of the board of trustees on 18 December 2025 and signed on its behalf by:
A C Green - Trustee
Page 4
## **INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE CHARIS TRUST**
## **Independent examiner's report to the trustees of The Charis Trust ('the Company')**
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2025.
## **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 your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can 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:
1. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or
4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).
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.
Robert Howe BEng FCA The Institute of Chartered Accountants in England and Wales
Goldwyns Limited Chartered Accountants 1 Nelson Mews Southend on Sea Essex SS1 1AL
22 December 2025
Page 5
## **THE CHARIS TRUST**
## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025**
|Notes
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
2
**Charitable activities**
4
General charitable work
Investment income
3
**Total**
**EXPENDITURE ON**
Raising funds
5
**Charitable activities**
6
General charitable work
Religious education
Social welfare
Medical welfare
**Total**
Net gains/(losses) on investments
**NET INCOME/(EXPENDITURE)**
**RECONCILIATION OF FUNDS**
Total funds brought forward
**TOTAL FUNDS CARRIED FORWARD**|Unrestricted
Restricted
fund
fund
£
£
343,000
-
66,882
-
181,293
-
591,175
-
2,060
-
77,426
-
796,319
-
75,494
-
44,777
-
996,076
-
240,267
-
(164,634)
-
9,940,458
139,557
9,775,824
139,557|2025
Total
funds
£
343,000
66,882
181,293
591,175
2,060
77,426
796,319
75,494
44,777
996,076
240,267
(164,634)
10,080,015
9,915,381|2024
Total
funds
£
1,500,000
51,048
155,541
1,706,589
964
(4,328)
1,609,524
81,760
163,045
1,850,965
(202,599)
(346,975)
10,426,990
10,080,015|
|---|---|---|---|
The notes form part of these financial statements
Page 6
## **THE CHARIS TRUST (REGISTERED NUMBER: 07436799)**
## **BALANCE SHEET 31 MARCH 2025**
|Notes
**FIXED ASSETS**
Tangible assets
13
Investments
14
**CURRENT ASSETS**
Debtors
15
Cash at bank
**CREDITORS**
Amounts falling due within one year
16
**NET CURRENT ASSETS**
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
**NET ASSETS**
**FUNDS**
17
Unrestricted funds
Restricted funds
**TOTAL FUNDS**|Unrestricted
Restricted
fund
fund
£
£
3,546,221
-
1,122,704
-
4,668,925
-
1,266,303
-
3,847,565
139,557
5,113,868
139,557
(6,969)
-
5,106,899
139,557
9,775,824
139,557
9,775,824
139,557|2025
Total
funds
£
3,546,221
1,122,704
4,668,925
1,266,303
3,987,122
5,253,425
(6,969)
5,246,456
9,915,381
9,915,381
9,775,824
139,557
9,915,381|2024
Total
funds
£
3,551,272
850,431
4,401,703
516,694
5,172,047
5,688,741
(10,429)
5,678,312
10,080,015
10,080,015
9,940,458
139,557
10,080,015|
|---|---|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
- (a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
- (b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
The notes form part of these financial statements
Page 7
continued...
## **THE CHARIS TRUST (REGISTERED NUMBER: 07436799)**
## **BALANCE SHEET - continued 31 MARCH 2025**
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on 18 December 2025 and were signed on its behalf by:
A C Green - Trustee
The notes form part of these financial statements
Page 8
## **THE CHARIS TRUST**
## **CASH FLOW STATEMENT FOR THE YEAR ENDED 31 MARCH 2025**
|Notes
**Cash flows from operating activities**
Cash generated from operations
1
Net cash used in operating activities
**Cash flows from investing activities**
Purchase of tangible fixed assets
Purchase of fixed asset investments
Sale of tangible fixed assets
Sale of fixed asset investments
Interest received
Dividends received
Net cash provided by investing activities
**Change in cash and cash equivalents**
**in the reporting period**
**Cash and cash equivalents at the**
**beginning of the reporting period**
**Cash and cash equivalents at the end**
**of the reporting period**|2025
£
(1,332,885)
(1,332,885)
(1,327)
-
-
(32,006)
161,378
19,915
147,960
(1,184,925)
5,172,047
3,987,122|2024
£
(606,947)
(606,947)
(409,349)
(382,022)
840,165
-
138,307
17,234
204,335
(402,612)
5,574,659
5,172,047|
|---|---|---|
The notes form part of these financial statements
Page 9
## **THE CHARIS TRUST**
## **NOTES TO THE CASH FLOW STATEMENT FOR THE YEAR ENDED 31 MARCH 2025**
## **1. RECONCILIATION OF NET EXPENDITURE TO NET CASH FLOW FROM OPERATING ACTIVITIES**
|**ACTIVITIES**|||
|---|---|---|
|**Net expenditure for the reporting period (as per the Statement**
**of Financial Activities)**
**Adjustments for:**
Depreciation charges
(Gain)/losses on investments
Profit on disposal of fixed assets
Interest received
Dividends received
Increase in debtors
(Decrease)/increase in creditors
**Net cash used in operations**|2025
£
(164,634)
6,378
(240,267)
-
(161,378)
(19,915)
(749,609)
(3,460)
(1,332,885)|2024
£
(346,975)
10,355
124,547
(87,969)
(138,307)
(17,234)
(155,347)
3,983|
|||(606,947)|
## **2. ANALYSIS OF CHANGES IN NET FUNDS**
|**Net cash**
Cash at bank
**Total**|At 1.4.24
£
5,172,047
5,172,047
5,172,047|Cash flow
£
(1,184,925)
(1,184,925)
(1,184,925)|At 31.3.25
£
3,987,122|
|---|---|---|---|
||||3,987,122|
||||3,987,122|
The notes form part of these financial statements
Page 10
## **THE CHARIS TRUST**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025**
## **1. ACCOUNTING POLICIES**
## **Basis of preparing the financial statements**
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value, as modified by the revaluation of certain assets.
## **Income**
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
## **Expenditure**
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.
## **Allocation and apportionment of costs**
Resources expended are allocated to the particular activity where the cost relates to that activity. Where applicable, resources expended include VAT that cannot be recovered.
## **Tangible fixed assets**
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
- Fixtures and fittings - Straight line over 3 years
No depreciation has been charged on freehold properties because, in the opinion of the trustees, the estimated residual value of the freehold properties is in excess of the carrying amounts in the financial statements.
## **Taxation**
The charity is exempt from corporation tax on its charitable activities.
## **Fund accounting**
Unrestricted funds can be used in accordance with the charitable objectives 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 the notes to the financial statements.
## **Investments**
Listed investments, or those whose fair value can otherwise be measured reliably, are initially recognised at transaction price and subsequently measured at fair value, with changes recognised in the Statement of Financial Activities.
Page 11
continued...
## **THE CHARIS TRUST**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025**
## **1. ACCOUNTING POLICIES - continued**
## **Investments**
Unlisted investments, except those whose fair value can be measured reliably, are initially recognised at transaction price and are subsequently measured at cost less impairment.
## **2. DONATIONS AND LEGACIES**
|Donations
**3.**
**INVESTMENT INCOME**
Dividends received
Deposit account interest
**4.**
**INCOME FROM CHARITABLE ACTIVITIES**
Activity
Rent receivable
General charitable work
**5.**
**RAISING FUNDS**
**Investment management costs**
Support costs
**6.**
**CHARITABLE ACTIVITIES COSTS**
Direct
Costs (see
note 7)
£
General charitable work
26,554
Religious education
-
Social welfare
-
Medical welfare
-
26,554|Grant
funding of
activities
(see note
8)
£
-
796,319
75,494
44,777
916,590||2025
£
343,000
2025
£
19,915
161,378
181,293
2025
£
66,882
2025
£
2,060
Support
costs (see
note 9)
£
50,872
-
-
-
50,872|2024
£
1,500,000|2024
£
1,500,000|2024
£
1,500,000|2024
£
1,500,000|
|---|---|---|---|---|---|---|---|
||||||2024
£
17,234
138,307|||
||||||155,541|||
||||||2024
£
51,048
2024
£
964
Totals
£
77,426
796,319
75,494
44,777|2024
£
51,048||
||||||||2024
£
964|
||||||994,016|||
Page 12
continued...
## **THE CHARIS TRUST**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025**
|**7.**
**DIRECT COSTS OF CHARITABLE ACTIVITIES**
Rates and water
Insurance
Light and heat
Property maintenance
Profit on sale of assets
**8.**
**GRANTS PAYABLE**
Religious education
Social welfare
Medical welfare|2025
£
2,561
3,611
680
19,702
-
26,554
2025
£
796,319
75,494
44,777
916,590|2024
£
1,044
2,902
1,189
27,932
(87,969)
(54,902)
2024
£
1,609,524
81,760
163,045
1,854,329|
|---|---|---|
Page 13
continued...
## **THE CHARIS TRUST**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025**
## **8. GRANTS PAYABLE - continued**
The total grants paid to institutions during the year was as follows:
|**GRANTS PAYABLE - continued**
The total grants paid to institutions during the year was as follows:|||
|---|---|---|
||2025|2024|
||£|£|
|Family in Trust - to assist with the cost of repairs to property used for|||
|charitable purposes and a grant to enable employment of a support|||
|worker|96,197|154,020|
|Danbury Mission Evangelical Church - support of Christian Ministry|75,855|1,014,152|
|Bringing Good News - supporting the spread of the gospel, relieving|||
|poverty and suffering while encouranging self sufficiency|-|5,000|
|Wycliffe Bible Translators – donations to support bible translation work|||
|across Sub-Sahara and Southern Africa|6,000|6,000|
|George Whitefield College South Africa - support of a Theological|||
|College in South Africa training Ministers|102,000|102,000|
|Stand By Me - towards work for children worldwide|180|180|
|The Areopagus Trust - support of Christian Ministry in completion of a|||
|conference centre to train Christian workers for universities and|||
|colleges|25,000|2,000|
|Bridgend Business Centre - support of Christian Ministry in Romania|-|2,400|
|ST Ebbe's PCC - support of Christian Minister in developing|||
|international gospel opportunities|10,000|10,000|
|Oak Hill College - financial support of Theological College|-|950|
|Proclamation Trust - support of training for Gospel Ministry|100,000|10,000|
|Operation Christmas Child (Samaritans Purse) - providing Christmas|||
|presents to deprived children|-|485|
|Katie Piper Foundation - donation to charity helping those with facial|||
|disfigurements|-|20,000|
|Stewardship - donation to charity to help fund the provision of services|||
|to religious educational establishments|21,816|14,393|
|Eurasian Ministry - support of Christian Ministry in Russia|-|10,000|
|Happy Days Children's Charity - donation to charity providing|||
|assistance to children with special needs|-|2,000|
|Alzheimer's Society - donation to support fundraising for Alzheimer's|||
|research|100,000|100,000|
|Africa Inland Mission International - support of Christian Ministry|7,200|3,000|
|Rock Foundation - support of Christian Ministry|50,004|60,004|
|SANE - donation to a mental health charity|1,000|-|
|Crosslinks - support student Christian Ministry|6,500|500|
|Friends of Johannesburg Bible College - Christian Ministry|10,000|-|
|SKE Foundation – to support a Christian Minister's son to attend|||
|school|-|6,700|
|Cornhill - college training in biblical expository ministry|48,000|49,630|
|Different Strokes - support of stroke victims|-|1,000|
|Fellowship Afloat Charitable Trust - donation contributing towards|||
|refurbishment of a lighthouse boat used to provide Christian outdoor|||
|pursuits training for all ages|252|-|
|The George Muller Charitable Trust - to support orphans of the world|||
|today|-|3,528|
|Dolphin School Trust - Common nurturing children ages 2-11,|||
|grounded in Christian values|-|3,140|
|Eclisa Trinity Church - makes the connection between donors with a|||
|heart for South Africa|40,000|13,650|
|Fair Havens Hospice - to assist with funding for hospice|-|5,000|
|Poole-Wau Partnership Charitable Trust - support of Christian Ministry|1,000|9,003|
|International Presbyterian Church - support of Christian Ministry|-|20,000|
|The Cruden Trust - support of Christian Ministry|36,668|20,004|
|Shift.ms - Social network for people with multiple sclerosis, supporting|||
|people with MS across the world|-|1,000|
|George Whitefield College – Support of training for Christian Ministry|-|10,650|
Page 14
continued...
## **THE CHARIS TRUST**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025**
|**8.**
**GRANTS PAYABLE - continued**
Age Well East - work with the elderly to maintain their independence
and provide crucial support
Greenstead Evangelical Free Church - support for church in Colchester
The Grammar School at Leeds - nurturing children ages 3-18
Rainbow Trust Children's Charity - provide emotional support to help
families
Redeemer Church Thanet - Christian church under the umbrella of
Anglican Mission in England (AMiE)
Operation Mobilisation- support for new mission in Kosovo
The Royal Marsden Cancer Charity- Support life saving cancer
research and pioneering new treatments
The Candellighters Trust- charity that helps to fight children's cancer
Strongbones Children's Charitable Trust- supporting families with
disabled children
Hope City Church- fundraising for video project
Moldova Mission- bibles for Ukraine
Independent Age - charity supporting older people facing financial
hardship
Castle Point Social Car Scheme - provides transport for the elderly
Save the Children - international charity
Support Dogs - for autism, for epilepsy and for disability
Loughborough Junction Action Group- works to improve the lives of
people who live there
Addenbrooke's Charitable Trust - Cambridge cancer research hospital
London City Mission- support of Christian Ministry
Lighthouse Family Trust- The trust provides counselling for those who
are pregnant and worried
The Church of England Evangelical Council- Bringing evangelicals
together
St James Church- furtherance of religious education
Cystic Fibrosis Trust - working to improve and transform the lives of
people with cystic fibrosis
Cancer Research UK - helps fund new research
St Helena Hospice- charity which provides specialist palliative and end
of life care
Open Doors UK - charity that raises awareness of global persecution
Christianity Explored - support for Christian Ministry
Sixty One- charity helping ex-prisoners lead meaningful crime free lives
Cruse Bereavement Support- bereavement charity appeal
Women's Aid - funds to support survivors of domestic abuse
Torridge Growing Together- support for volunteer-led community
gardening group
Headway East London- charity supporting people affected by brain
injury
Motor Neurone Disease - helps fund medical research|1,000
7,200
-
-
1,000
-
-
-
-
-
-
-
-
-
-
-
-
-
-
20,000
10,000
-
-
-
-
-
5,000
2,000
1,200
5,000
20,000
1,020
811,092|-
7,200
3,000
2,000
10,000
5,000
1,000
3,000
2,000
1,000
5,000
1,000
1,000
3,000
1,000
1,000
2,000
1,100
10,000
20,000
10,000
510
500
2,000
5,000
1,000
-
-
-
-
-
-|
|---|---|---|
|||1,758,699|
The total grants paid to individuals during the year was as follows:
|Religious education
Medical welfare
Social welfare|2025
£
29,100
18,959
57,439
105,498|2024
£
20,680
20,815
54,135|
|---|---|---|
|||95,630|
Page 15
continued...
## **THE CHARIS TRUST**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025**
## **9. SUPPORT COSTS**
|Governance
Management
costs
£
£
Investment management costs
2,060
-
General charitable work
45,862
5,010
47,922
5,010
**NET INCOME/(EXPENDITURE)**
Net income/(expenditure) is stated after charging/(crediting):
2025
£
Depreciation - owned assets
6,378
Surplus on disposal of fixed assets
-|Totals
£
2,060
50,872
52,932
2024
£
10,355
(87,969)|
|---|---|
## **10. NET INCOME/(EXPENDITURE)**
## **11. TRUSTEES' REMUNERATION AND BENEFITS**
There were no trustees' remuneration or other benefits for the year ended 31 March 2025 nor for the year ended 31 March 2024.
## **Trustees' expenses**
There were no trustees' expenses paid for the year ended 31 March 2025 nor for the year ended 31 March 2024.
## **12. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**
|**INCOME AND ENDOWMENTS FROM**
Donations and legacies
**Charitable activities**
General charitable work
Investment income
**Total**
**EXPENDITURE ON**
Raising funds
**Charitable activities**
General charitable work
Religious education
Social welfare
Medical welfare
**Total**
Net gains/(losses) on investments|Unrestricted
Restricted
fund
fund
£
£
1,500,000
-
51,048
-
155,541
-
1,706,589
-
964
-
(4,328)
-
1,609,524
-
81,760
-
163,045
-
1,850,965
-
(202,599)
-|Total
funds
£
1,500,000
51,048
155,541
1,706,589
964
(4,328)
1,609,524
81,760
163,045
1,850,965
(202,599)|
|---|---|---|
Page 16
continued...
## **THE CHARIS TRUST**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025**
|**12.**
**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued**
Unrestricted
Restricted
fund
fund
£
£
**NET INCOME/(EXPENDITURE)**
(346,975)
-
**RECONCILIATION OF FUNDS**
Total funds brought forward
10,287,433
139,557
**TOTAL FUNDS CARRIED FORWARD**
9,940,458
139,557
**13.**
**TANGIBLE FIXED ASSETS**
Fixtures
Freehold
and
property
fittings
£
£
**COST**
At 1 April 2024
3,543,282
29,116
Additions
-
1,327
Disposals
-
(11,309)
At 31 March 2025
3,543,282
19,134
**DEPRECIATION**
At 1 April 2024
-
21,126
Charge for year
-
6,378
Eliminated on disposal
-
(11,309)
At 31 March 2025
-
16,195
**NET BOOK VALUE**
At 31 March 2025
3,543,282
2,939
At 31 March 2024
3,543,282
7,990
**14.**
**FIXED ASSET INVESTMENTS**
**MARKET VALUE**
At 1 April 2024
Unrealised gains/(losses)
At 31 March 2025
**NET BOOK VALUE**
At 31 March 2025
At 31 March 2024|Total
funds
£
(346,975)
10,426,990
10,080,015
Totals
£
3,572,398
1,327
(11,309)
3,562,416
21,126
6,378
(11,309)
16,195
3,546,221
3,551,272
Listed
investments
£
850,431
272,273
1,122,704
1,122,704
850,431|
|---|---|
Page 17
continued...
## **THE CHARIS TRUST**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025**
## **14. FIXED ASSET INVESTMENTS - continued**
||Listed investments:|||
|---|---|---|---|
||||£|
||North American equities||1,122,704|
|||||
||||1,122,704|
||Investments that are material in the context of the market value|of the portfolio are listed below:||
||||2025|
||||£|
||North American equities:|||
||Newmont Mining Corp||1,122,704|
||Cost or valuation at 31 March 2025 is represented by:|||
||||Listed|
||||investments|
||||£|
||Valuation in 2025||140,182|
||Cost||982,522|
||||1,122,704|
|**15.**|**DEBTORS**|||
|||2025|2024|
|||£|£|
||Amounts falling due within one year:|||
||Other debtors|412,308|412,308|
||Prepayments and accrued income|3,995|4,386|
|||416,303|416,694|
||Amounts falling due after more than one year:|||
||Other debtors|850,000|100,000|
||Aggregate amounts|1,266,303|516,694|
Included within other debtors are interest free and low interest loans of £1,262,308 that have been made in accordance with the charity's charitable objects. Of these loans, £850,000 are due after more than one year.
Page 18
continued...
## **THE CHARIS TRUST**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025**
## **16. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
|VAT
Accrued expenses
**17.**
**MOVEMENT IN FUNDS**
At 1.4.24
£
**Unrestricted funds**
General fund
9,940,458
**Restricted funds**
Restricted funds
139,557
**TOTAL FUNDS**
10,080,015
Net movement in funds, included in the above are as follows:
Incoming
Resources
resources
expended
£
£
**Unrestricted funds**
General fund
591,175
(996,076)
**TOTAL FUNDS**
591,175
(996,076)
**Comparatives for movement in funds**
At 1.4.23
£
**Unrestricted funds**
General fund
10,287,433
**Restricted funds**
Restricted funds
139,557
**TOTAL FUNDS**
10,426,990||2025
£
36
6,933
6,969
Net
movement
in funds
£
(164,634)
-
(164,634)
Gains and
losses
£
240,267
240,267
Net
movement
in funds
£
(346,975)
-
(346,975)|2024
£
17
10,412
10,429
At
31.3.25
£
9,775,824
139,557
9,915,381
Movement
in funds
£
(164,634)
(164,634)
At
31.3.24
£
9,940,458
139,557
10,080,015|
|---|---|---|---|
|||||
|||||
|||||
Page 19
continued...
## **THE CHARIS TRUST**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025**
## **17. MOVEMENT IN FUNDS - continued**
Comparative net movement in funds, included in the above are as follows:
|**Unrestricted funds**
General fund
**TOTAL FUNDS**|Incoming
resources
£
1,706,589
1,706,589|Resources
expended
£
(1,850,965)
(1,850,965)|Gains and
losses
£
(202,599)
(202,599)|Movement
in funds
£
(346,975)
(346,975)|
|---|---|---|---|---|
A current year 12 months and prior year 12 months combined position is as follows:
|||Net||
|---|---|---|---|
|||movement|At|
||At 1.4.23|in funds|31.3.25|
||£|£|£|
|**Unrestricted funds**||||
|General fund|10,287,433|(511,609)|9,775,824|
|**Restricted funds**||||
|Restricted funds|139,557|-|139,557|
|**TOTAL FUNDS**|10,426,990|(511,609)|9,915,381|
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
|Incoming
Resources
resources
expended
£
£
**Unrestricted funds**
General fund
2,297,764
(2,847,041)
**TOTAL FUNDS**
2,297,764
(2,847,041)|Gains and
Movement
losses
in funds
£
£
37,668
(511,609)
37,668
(511,609)|
|---|---|
General fund - this fund represents the unrestricted accumulated surplus from funds available for general objectives of the charity.
Restricted fund - this comprises monies transferred from the Trust of the Gay Bowers Mission Room a charity which has been wound up. The monies are to be used for the benefit of the widows resident in the Parish of Danbury who are in necessitous circumstances.
Page 20
continued...
**THE CHARIS TRUST**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025**
## **18. OTHER FINANCIAL COMMITMENTS**
As at the balance sheet date, the charity has verbally agreed to a pattern of recurring support totalling £642,915 to a number of charitable institutions over the next few years.
A further verbal commitment wa made to provide a loan of up to £1,000,000 to enable a property in central Essex to be converted to a place of Christian worship. At the year end, £750,000 has been loaned by the charity.
All such support will be funded from the charity's unrestricted funds.
## **19. RELATED PARTY DISCLOSURES**
During the year the charity received gifts, that included Gift Aid recovered, of £340,000 (2024 - £1,500,000) from A C Green and Mrs J M Green who are trustees of the charity.
The charity made the following grants to related parties:
Family in Trust £96,197 (2024 - £154,020) - related by virtue of the fact that A Barker and A C Green are trustees of both charities.
Page 21