Company registration No. 07644381 Charity registration No. 1143662
CROWN CHRISTIAN HERITAGE TRUST
(A company limited by guarantee)
REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
CROWN CHRISTIAN HERITAGE TRUST FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
CONTENTS
| Page |
|---|
| Reference and Administrative Details…............................. 3 |
| Report of the Trustees….................................................... 4 |
| Independent Examiner's Report…......................................5 |
| Statement of Financial Activities…..................................... 6 |
| Balance Sheet 7 |
| Notes to the Financial Statements….................................. 8 |
2
CROWN CHRISTIAN HERITAGE TRUST FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
REFERENCE AND ADMINISTRATIVE DETAILS
CHARITY NAME CROWN CHRISTIAN HERITAGE TRUST
CHARITY NUMBER 1143662 COMPANY NUMBER 07644381
TRUSTEES J Kleman (Chair, appointed 10 October 2024) L Mullins D Morlan REGISTERED OFFICE Crown Hall Kidderminster Road Hampton Lovett Droitwich WR9 0LX
INDEPENDENT EXAMINER Nathan Grace Ltd Suite 12, 548-550 Elder House Elder Gate Milton Keynes MK9 1LR
3
CROWN CHRISTIAN HERITAGE TRUST FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
TRUSTEES' ANNUAL REPORT INCLUDING DIRECTORS' REPORT
The directors (who are also the charity trustees) present this report and the financial statements of the company for the year ended 31 March 2025.
This report has been prepared in accordance with the provisions of the Companies Act 2006 relating to small companies.
The company has a registered charity no. 1143662. The principal office and registered office of the charity is : Crown Hall, Kidderminster Road, Hampton Lovett, Droitwich, Worcestershire, WR9 OLX.
The directors (who are also the charity trustees) are as follows :
Mr L M Mullins
Mr D T Morlan
Mr J M Kleman (appointed 21 October 2024)
Structure, governance and management
The charity is a company limited by guarantee, registration no. 07644381, and it is therefore governed by its Memorandum and Articles of Association. New trustee directors are appointed from time to time as required, by the vote of the existing trustees.
Objectives and performance
The objectives of the Charity are to advance the Christian faith, in the provision of retreats and camps for young people, staging conferences on various matters relating to Christian service, and other similar activities.
Achievements and performance
During the year under review, the Charity continued to operate various conferences and other events such as children's camps. The Charity also continued to provide training for Christian service to students in residence at its Crown Hall premises.
Public Benefit
In carrying out its activities in the year under review, the trustees have had regard to the public benefit guidance issued by the Charity Commission, and are satisfied that the activities mentioned above have all been for the public benefit.
Financial review
The results for the year are set out in the Statement of Financial Activities on page 4. The company made a deficit for the year is -£62,835 (2024: +£536,790).
The directors consider that the state of affairs of the company is satisfactory.
The company has insufficient monies available for investment purposes to warrant a formal investment policy at the present time.
The major risks to which the company is exposed, as identified by the directors, are regularly reviewed. Systems are in place to mitigate those risks and further systems are established as necessary.
Reserves policy
The company holds no long term reserves. Its policy is to build up sufficient liquid reserves to cover six months outgoings.
By Order of the Board
J Kleman, Director Date:21 July 2025
4
CROWN CHRISTIAN HERITAGE TRUST FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF CROWN CHRISTIAN HERITAGE TRUST
I report on the financial statements of Crown Christian Heritage Trust ('the charity')for the year ended 31 March 2025.
Responsibilites and basis of report
The charity's trustees are responsible for the preparation of the financial statements. In accordance with the requirements of the Chatities Act 2011 (the Act).
I report in respect of my examination of the charity's financial statements carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner's statement
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 registered member of ACCA which is one of the listed bodies.
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
1 Accounting records were not kept in respect of the charity as required by section 130 of the Act; or
-
2 The financial statements do not accord with those records; or
-
3 The financial statements do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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.
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.
…............................................................. 21 July 2025
Mr Olufemi Oyetunde(FCCA) Nathan Grace Ltd Suite 12, 548-550 Elder House Elder Gate Milton Keynes MK9 1LR
5
CROWN CHRISTIAN HERITAGE TRUST FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
STATEMENT OF FINANCIAL ACTIVITIES
| Unrestricted Funds 2025 Note £ Income from: Donations and legacies 54,252 Charitable Activities 153,396 Assets - Donated Total income 207,648 Resources expended Fundraising & Publicity 11,878 Charitable Activities 2 258,604 Total Resources Expended 270,483 Net Movement of Resources 62,835 - Funds brought forward 2,588,839 Funds carried forward 2,526,004 |
Restricted Funds 2025 £ - - - - - |
Total 2025 £ 54,252 153,396 - 207,648 11,878 258,604 270,483 62,835 - 2,588,839 2,526,004 |
Unrestricted Funds 2024 £ 29,165 149,386 532,000 710,551 14,259 159,502 173,761 536,790 2,052,049 2,588,839 |
Restricted Funds 2024 £ - - - - - - |
Total 2024 £ 178,551 532,000 710,551 |
|---|---|---|---|---|---|
| 14,259 159,502 173,761 536,790 2,052,049 2,588,839 |
6
CROWN CHRISTIAN HERITAGE TRUST FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
BALANCE SHEET
| Note FIXED ASSETS Tangible Assets 4 CURRENT ASSETS Debtors 5 Cash at Bank & in hand CREDITORS: Due within one year Net Current Assets CREDITORS: Due over one year 7 NET ASSETS FUNDS Unrestricted funds Restricted funds TOTAL FUNDS |
Total 2025 £ 4,664,318 - 33,122 33,122 1,800 31,322 440,077 4,255,564 4,255,564 4,255,564 |
Total 2024 £ 4,675,820 595 107,071 107,666 2,500 105,166 471,282 4,309,704 4,309,704 4,309,704 |
|---|---|---|
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006 and that members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act applicable to companies subject to the small companies regime.
Approved on behalf of the Board:
J Kleman, Director
Date: 21 July 2025
7
CROWN CHRISTIAN HERITAGE TRUST FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
NOTES TO THE ACCOUNTS
1. Accounting Policies
The following accounting policies have been used consistently in dealing with items which are considered material in relation to the Company's Financial Statements.
(a) Accounting Convention.
The Financial Statements are prepared under the Historical Cost Convention, in accordance with the Financial Reporting Standard 102 and the related Charities SORP effective from 2015.
(b) Income.
Voluntary income represents cash received during the year, including tax repayments receivable. Donations in kind, where material, are included at valuation.
Fees charged to participants comprises the fees charged to those attending conferences and other events organised by the charity
(c) Resources Expended
The Company is not VAT registered and therefore unable to reclaim VAT on expenditure. All amounts of VAT are recorded with the sums to which they are charged. Expenditure is charged to the accounts on the accruals basis.
(d) Depreciation.
| (d) Depreciation. | (d) Depreciation. |
|---|---|
| All fixed assets are written off on a straight line basis over their expected useful lives, at the following annual rates: | |
| Office equipment | 25% |
| Pland and Machinery | 20% |
| Motor vehicles | 20% |
| Furniture, fixtures & fittings | 10% |
It is the Company's policy to maintain its properties to a high standard. Because of this, the property have an estimated life of more than 50 years and accordingly no provision for depreciation is made. The properties are subject to regular review to consider whether any impairment in their value has occurred.
(e) Going concern
At the time of approving the accounts, the director's have a reasonable expectation that the charity has adequate resources to continue in operational existance for the forseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the accounts.
| 2. Charitable Activities Expenses of running events Venue hire Catering costs Equipment expenses/hire Motor expenses Speakers fees |
Unrestricted Funds 2025 £ 91,206 48,017 7,258 6,930 1,349 - 154,760 |
Restricted Funds 2025 £ - - - - - - - |
Total 2025 £ 91,206 48,017 7,258 6,930 1,349 - 154,760 |
Unrestricted Funds 2024 £ 36,857 38,999 - 6,206 9,431 1,980 93,473 |
Restricted Funds 2024 £ - |
Total 2024 £ 36,857 38,999 - 6,206 9,431 1,980 93,473 |
|---|---|---|---|---|---|---|
8
CROWN CHRISTIAN HERITAGE TRUST FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
NOTES TO THE ACCOUNTS
| Support costs Postage & stationery Telephone Insurance Repairs & renewals Light & heat Rent & council tax Bank and financial charges Loan interest Depreciation IT Cost Donations Entertainment Sundry expenses Subscriptions Governance Costs Independent examination Legal & professional fees Total Charitable Activities Fundraising & publicity Total resources expended 4. Tangible Fixed Assets Cost or Valuation Additions- Donated Asset Disposals Depreciation Acc Dep b/f Disposals Charge for the Year At 31 March 2024 Net Book Value 31 March 2024 Net Book Value 31 March 2023 |
Unrestricted Funds 2025 £ 948 - 5,429 38,392 1695.57 0 65 15864.82 11,502 2,603 5,264 - - - 81,764 1,800 20,280 22,080 258,604 11,878 270,483 Freehold Land&Building 4,624,238 - 0 4,624,238 4,624,238 |
Restricted Funds 2025 £ Plant & Machinery 32,000 6400 6,400 12,800 19,200 25,600 |
Total 2025 £ 948 0 5,429 38,392 1695.57 0 65 15864.82 11,502 2,603 5,264 - - - 81,764 1,800 20,280 22,080 258,604 11,878 270,483 Office Equipment 17631 16,014 539 16,553 1,078 1,617 |
Unrestricted Funds 2024 £ 1,734 10,633 5,177 2,453 39 11,502 3,361 4785 2920 2082 - 44,685 2,500 18,845 21,345 195,439 13,971 209,409 Motor Vehicles 46,563 33,203 3,340 36,543 10,020 13,360 |
Restricted Funds 2024 £ Furniture& Fittings 31,831 - 20,826 1,223 22,049 9,782 11,005 |
Total 2024 £ 1,734 10,633 5,177 2,453 39 11,502 3,361 4785 2920 2082 - 44,685 2,500 18,845 21,345 195,439 13,971 209,409 Total 4,752,263 76,443 11,502 87,945 4,664,318 4,675,820 |
|---|---|---|---|---|---|---|
9
CROWN CHRISTIAN HERITAGE TRUST FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
NOTES TO THE ACCOUNTS
| 5. Debtors Gift Aid debtors Other debtors and prepayments 6. Creditors: Amounts due Within One Year Trade creditors & accruals Other Creditors Loan - Oxford House 7. Creditors: Amounts due Over One Year Other Creditors Loan - Crown College |
Total 2025 £ 0 - Total 2025 £ 1800 - 1,800 Total 2025 £ 0 440,077 440,077 |
Total 2024 £ 595 595 Total 2024 £ 2500 2,500 Total 2024 £ 3,702 467,580 471,282 |
|---|---|---|
The company was loaned the sum of £607,522 in October 2014 by Crown College of the Bible, Tennessee, USA tofacilitate the purchase of the company's property. The loan is for a term of 30 years, and the interest is currently being charged at a rate of 3.25%pa. Crown College of the Bible holds a legal charge over the property in respect of the loan. Due to the Covid-19 pandemic. Crown College of the Bible, Tennessee, USA, deferred the interest due for the current year. This interest will be charged at the end of the loan term.
8. Directors
None of the directors (or any persons connected with them) received any remuneration during the year, nor were any of the Committee reimbursed for travel expenses during the year (2021: nil).
9. Contingent Liabilities
There were no contingent liabilities at 31 March 2024 (2023: nil)
10. Capital commitments
There were no capital commitments at 31 March 2024 (2023: nil)
11. Restricted Funds
Restricted funds mostly comprise the specific projects for which contributions are sought during the year.
10