**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<br>7|
|Notes to the Financial Statements….................................. 8|



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**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** 

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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 

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**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 

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**CROWN CHRISTIAN HERITAGE TRUST FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025** 

## **STATEMENT OF FINANCIAL ACTIVITIES** 

|**Unrestricted**<br>**Funds**<br>**2025**<br>**Note**<br>**£**<br>**Income from:**<br>Donations and legacies<br>54,252<br>Charitable Activities<br>153,396<br>Assets - Donated<br>Total income<br>207,648<br>**Resources expended**<br>Fundraising & Publicity<br>11,878<br>Charitable Activities<br>2<br>258,604<br>Total Resources Expended<br>270,483<br>Net Movement of Resources<br>62,835<br>-<br>Funds brought forward<br>2,588,839<br>Funds carried forward<br>2,526,004|**Restricted**<br>**Funds**<br>**2025**<br>**£**<br>-<br>-<br>-<br>-<br>-|**Total**<br>**2025**<br>**£**<br>54,252<br>153,396<br>-<br>207,648<br>11,878<br>258,604<br>270,483<br>62,835<br>-<br>2,588,839<br>2,526,004|**Unrestricted**<br>**Funds**<br>**2024**<br>**£**<br>29,165<br>149,386<br>532,000<br>710,551<br>14,259<br>159,502<br>173,761<br>536,790<br>2,052,049<br>2,588,839|**Restricted**<br>**Funds**<br>**2024**<br>**£**<br>-<br>-<br>-<br>-<br>-<br>-|**Total**<br>**2024**<br>**£**<br>178,551<br>532,000<br>710,551|
|---|---|---|---|---|---|
||||||14,259<br>159,502<br>173,761<br>536,790<br>2,052,049<br>2,588,839|



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CROWN CHRISTIAN HERITAGE TRUST FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 

## **BALANCE SHEET** 

|Note<br>**FIXED ASSETS**<br>Tangible Assets<br>4<br>**CURRENT ASSETS**<br>Debtors<br>5<br>Cash at Bank & in hand<br>**CREDITORS:**<br>Due within one year<br>Net Current Assets<br>**CREDITORS:**<br>Due over one year<br>7<br>**NET ASSETS**<br>**FUNDS**<br>Unrestricted funds<br>Restricted funds<br>**TOTAL FUNDS**|Total<br>2025<br>£<br>4,664,318<br>-<br>33,122<br>33,122<br>1,800<br>31,322<br>440,077<br>**4,255,564**<br>4,255,564<br>**4,255,564**|Total<br>2024<br>£<br>4,675,820<br>595<br>107,071<br>107,666<br>2,500<br>105,166<br>471,282<br>**4,309,704**<br>4,309,704<br>**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 

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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**<br>Expenses of running events<br>Venue hire<br>Catering costs<br>Equipment expenses/hire<br>Motor expenses<br>Speakers fees|Unrestricted<br>Funds<br>2025<br>£<br>91,206<br>48,017<br>7,258<br>6,930<br>1,349<br>-<br>**154,760**|Restricted<br>Funds<br>2025<br>£<br>-<br>-<br>-<br>-<br>-<br>-<br>**-**|Total<br>2025<br>£<br>91,206<br>48,017<br>7,258<br>6,930<br>1,349<br>-<br>**154,760**|Unrestricted<br>Funds<br>2024<br>£<br>36,857<br>38,999<br>-<br>6,206<br>9,431<br>1,980<br>**93,473**|Restricted<br>Funds<br>2024<br>£<br>**-**|Total<br>2024<br>£<br>36,857<br>38,999<br>-<br>6,206<br>9,431<br>1,980<br>**93,473**|
|---|---|---|---|---|---|---|



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CROWN CHRISTIAN HERITAGE TRUST FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 

## **NOTES TO THE ACCOUNTS** 

|**Support costs**<br>Postage & stationery<br>Telephone<br>Insurance<br>Repairs & renewals<br>Light & heat<br>Rent & council tax<br>Bank and financial charges<br>Loan interest<br>Depreciation<br>IT Cost<br>Donations<br>Entertainment<br>Sundry expenses<br>Subscriptions<br>**Governance Costs**<br>Independent examination<br>Legal & professional fees<br>**Total Charitable Activities**<br>Fundraising & publicity<br>Total resources expended<br>4. Tangible Fixed Assets<br>Cost or Valuation<br>Additions- Donated Asset<br>Disposals<br>Depreciation<br>Acc Dep b/f<br>Disposals<br>Charge for the Year<br>At 31 March 2024<br>Net Book Value 31 March 2024<br>Net Book Value 31 March 2023|Unrestricted<br>Funds<br>2025<br>£<br>948<br>-<br>5,429<br>38,392<br>1695.57<br>0<br>65<br>15864.82<br>11,502<br>2,603<br>5,264<br>-<br>-<br>-<br>**81,764**<br>1,800<br>20,280<br>**22,080**<br>258,604<br>11,878<br>**270,483**<br>Freehold<br>Land&Building<br>4,624,238<br>-<br>0<br>4,624,238<br>4,624,238|Restricted<br>Funds<br>2025<br>£<br>Plant &<br>Machinery<br>32,000<br>6400<br>6,400<br>12,800<br>19,200<br>25,600|**Total**<br>**2025**<br>**£**<br>948<br>0<br>5,429<br>38,392<br>1695.57<br>0<br>65<br>15864.82<br>11,502<br>2,603<br>5,264<br>-<br>-<br>-<br>**81,764**<br>1,800<br>20,280<br>**22,080**<br>258,604<br>11,878<br>**270,483**<br>Office<br>Equipment<br>17631<br>16,014<br>539<br>16,553<br>1,078<br>1,617|Unrestricted<br>Funds<br>2024<br>£<br>1,734<br>10,633<br>5,177<br>2,453<br>39<br>11,502<br>3,361<br>4785<br>2920<br>2082<br>-<br>**44,685**<br>2,500<br>18,845<br>**21,345**<br>195,439<br>13,971<br>**209,409**<br>Motor<br>Vehicles<br>46,563<br>33,203<br>3,340<br>36,543<br>10,020<br>13,360|Restricted<br>Funds<br>2024<br>£<br>Furniture&<br>Fittings<br>31,831<br>-<br>20,826<br>1,223<br>22,049<br>9,782<br>11,005|**Total**<br>**2024**<br>**£**<br>1,734<br>10,633<br>5,177<br>2,453<br>39<br>11,502<br>3,361<br>4785<br>2920<br>2082<br>-<br>**44,685**<br>2,500<br>18,845<br>**21,345**<br>195,439<br>13,971<br>**209,409**<br>Total<br>4,752,263<br>76,443<br>11,502<br>87,945<br>4,664,318<br>4,675,820|
|---|---|---|---|---|---|---|



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CROWN CHRISTIAN HERITAGE TRUST FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 

## **NOTES TO THE ACCOUNTS** 

|**5. Debtors**<br>Gift Aid debtors<br>Other debtors and prepayments<br>**6. Creditors: Amounts due Within One Year**<br>Trade creditors & accruals<br>Other Creditors<br>Loan - Oxford House<br>**7. Creditors: Amounts due Over One Year**<br>Other Creditors<br>Loan - Crown College|Total<br>2025<br>£<br>0<br>-<br>Total<br>2025<br>£<br>1800<br>-<br>1,800<br>Total<br>2025<br>£<br>0<br>440,077<br>440,077|Total<br>2024<br>£<br>595<br>595<br>Total<br>2024<br>£<br>2500<br>2,500<br>Total<br>2024<br>£<br>3,702<br>467,580<br>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. 

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