**Financial Statements For the year ended 5th April 2025 For Whitefield Christian Trust CIO**
**Registration No 1159626**
## **Whitefield Christian Trust CIO**
## **Registration No 1159626**
## **Index to the Financial Statements For the year ended 5th April 2025**
||Page|
|---|---|
|Trustees’ Report|1-2|
|Independent Examiner’s Report|3|
|Statement of Financial Activities|4|
|Balance Sheet|5|
|Notes to the Financial Statements|6-10|
## **Whitefield Christian Trust CIO**
## **TRUSTEES REPORT**
## **For the year ended 5th April 2025**
## 1. Name of the Charity
The full name of the charity is Whitefield Christian Trust CIO.
## 2. Governing Instrument
The charity was formed under a Constitution dated 15[th] December 2014 and is registered with the Charity Commission under reference number 1159626.
## 3. Trust Objectives
- (a) The advancement of the Christian Faith either in the UK or overseas and the provision of housing for those employed full-time by a registered charity whose main objective is the advancement of the Christian religion.
- (b) The advancement for the public benefit of religious or other education.
- (c) The relief of the aged, poor, sick or disabled.
## 4. Trustees
Mr P J Hellawell (Chair) Mr R J Snowdon Mrs M Grimes-Boyum Mr M Frith Mr R Kane Mrs C Mezaour (appointed 12 October 2024)
## 5. Registered Address
Flat 6 Longmead Court, 29 Langstone Road, Langstone, Havant, Hants PO9 1RB
## 6. Professional Contacts
Bankers: Cater Allen Private Bank 9 Nelson Street Bradford, BD1 5AN Solicitors: Kernon Kelleher 3 Greyhound Square Market Street Blandford Forum DT11 7EB
Independent Examiners A J Carter & Co Ltd 22b High Street Witney Oxon OX28 6RB
Page 1
## **Whitefield Christian Trust CIO**
## **TRUSTEES REPORT**
## **For the year ended 5th April 2025 (continued)**
## 7. Structure, Governance and Management
The Trustees who held office during the financial year and at the date of this report are set out on page 1. New Trustees are nominated by the existing Trustees, interviewed by the Chair and appointed by the existing Trustees where they have the necessary commitment to contribute to the Trust development. When new Trustees are appointed they are given an introduction to the work of the Trust and provided with the information to fulfil their role.
Day to day administration is dealt with by the Chair but decision making is taken by the body of Trustees.
## 8. Activities in the Year
During the year the trustees continued to manage the properties in the portfolio and have continued to raise funds whilst considering a number of potential beneficiaries. We purchased two properties one in London and another in Liverpool which will be occupied by beneficiaries. We received two legacies in support of our continuing work. We have a number of potential beneficiaries who we expect to assist in the coming years.
## 9. Review of Financial Position
The trust”s finances remain strong with total funds of £3,694,615 and surplus funds for the year amounting to £226,837 With the increasing cost of property the trustees are mindful of the need to raise further funds to progress the work in the future.
## 10. Reserves Policy
The Trustees continue to seek ways of increasing the Trust’s funds in order that they may be in a position to help more returning missionaries and meet the needs of our intended beneficiaries. Total expenditure in the year was £28,144 and this was covered by recurring income of £52,278 from rentals so the trustees do not consider there is need for free reserves on an ongoing basis. Cash amounting to £701,528 was held at the year end. Some of this money is allocated to future beneficiaries. The reserves and the nature of the restricted funds are set out in notes 4 and 5 on page 9.
## 11. Risk Assessment
The Trustees have considered the risks surrounding the Trust’s activities and continue to keep matters under review.
## 12. Interests of the Trustees
R.J. Snowdon is a Consultant in the firm of Kernon Kelleher Solicitors during the year.
## 13 Public Benefit
The trustees have had due regard to guidance published by the Charity Commission on public benefit and consider that the information shown in the objectives and achievements provide sufficient information. We manage the properties for the benefit of our target group of beneficiaries and seek to assist new beneficiaries as they apply to us.
Approved by the trustees and signed on 4 October 2025
Signed Peter J Hellawell - Trustee
Page 2
## WHITEFIELD CHRISTIAN TRUST CIO
## INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES
I report to the trustees on my examination of the accounts of Whitefield Christian Trust CIO for the year ended 5th April 2025.
## **Responsibilities and Basis of Report**
As the charity’s trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (“the Act”).
I report in respect of my examination of the charity’s accounts 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 the Charity’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 Association of Chartered Certified Accountants 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 accounts do not accord with those records; or
3. the accounts 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.
A P Williams FCCA A J Carter & Co Limited Chartered Certified Accountants
22b High Street Witney Oxon OX28 6RB
7 November 2025
Page 3
## **Whitefield Christian Trust CIO**
## **Registration Number 1159626**
## **Statement of Financial Activities For the year ended 5th April 2025**
||||2025|2024|
|---|---|---|---|---|
||Unrestricted|Restricted|Total Funds|Total Funds|
||Funds £|Funds £|£|£|
|Incoming from:|||||
|Donations, Legacies and Voluntary Income:|||||
|General|11,517|-|11,517|12,360|
|Rental Income|52,278|-|52,278|51,688|
|Interest and Dividends|186|-|186|-|
|Legacy|191,000||191,000|19,652|
|Total Income|254,981|-|254,981|83,700|
|Expenditure on|||||
|Rental Expenses|15,221|-|15,221|18,460|
|Other property Repairs & Expenses|11,150|-|11,150|5,862|
|Office Expenses|781|-|781|137|
|Website|240|-|240|240|
|Marketing|200|-|200|100|
|Independent Examiner|552|-|552|528|
|Legal & Professional Expenses|-|-|-|-|
|Bank Charges|-|-|-|-|
||28,144|-|28,144|25,327|
|Realised Property Gains/ Losses|(4,607)|-|(4,607)|-|
|Net incoming resources for year|222,230||222,230|58,373|
|Reconciliation of Funds|||||
|Fund balances brought forward|3,048,852|423,533|3,472,385|3,414,012|
|Release from Restricted Funds|||-|-|
|Fund balances carried forward|3,271,082|423,533|3,694,615|3,472,385|
The notes an pages 6 to 10 form part of these financial statements
Page 4
|Balance Sheet
FIXED ASSETS (Note 3)
CURRENT ASSETS
Loans
Debtors (note 7)
Bank
CURRENT LIABILITIES
Creditors (note 8)
FUNDS (note 4)
Unrestricted
Restricted (note 5)|**Whitefield Christian Trust CIO**
**Registration Number 1159626**
5th April 2025
£
£
2,992,239
-
1400
701,528
702,928
552
702,376
3,694,615
3,271,082
423,533
3,694,615|**Whitefield Christian Trust CIO**
**Registration Number 1159626**
5th April 2025
£
£
2,992,239
-
1400
701,528
702,928
552
702,376
3,694,615
3,271,082
423,533
3,694,615|5th April 2024
£
3,053,402|
|---|---|---|---|
|||||
||||-
2,287
417,624|
|||702,928|419,911|
|||552|928|
||||418,983|
||||3,472,385|
||||3,048,852
423,533|
||||3,472,385|
## **Client Approval Certificate**
We approve the financial statements and confirm that we have made available all relevant records and information for their preparation.
Signed: P J Hellawell – Trustee
Dated: 4 October 2025
The notes on pages 6 to 10 form part of these financial statements
Page 5
## **Whitefield Christian Trust CIO**
## **Notes to the Financial Statements**
## **Year ended 5 April 2025**
## **1. Accounting Policies**
The principal accounting policies adopted, judgements and key sources of estimation uncertainty in the preparation of the financial statements are as follows:
## **Basis of Preparation**
The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities (second edition) preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011.
Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes.
## **Income Recognition Policies**
Items of income are recognised and included in the accounts when all of the following criteria are met:
- The charity has entitlement to the funds;
- any performance conditions attached to the items of income have been met or are fully within the control of the charity;
- there is sufficient certainty that receipt of the income is considered probable; and
- the amount can be measured reliably.
Income received in advance of a specific performance or provision of other specified service is deferred until the criteria for income recognition are met.
## **Interest Receivable**
Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the Charity; this is normally upon notification of the interest paid or payable by the bank.
## **Fund Accounting**
Unrestricted funds are available to spend on activities that further any of the purposes of the Charity. Designated funds are unrestricted funds of the Charity which the trustees have decided at their discretion to set aside to use for a specific purpose. Restricted funds are donations which the donor has specified are to be solely used for the particular areas of the Charity’s work or for specific projects being undertaken by the Charity.
Page 6
## **Whitefield Christian Trust CIO**
## **Notes to the Financial Statements**
## **Year ended 5 April 2025**
## **Expenditure and Irrecoverable VAT**
Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably. Expenditure is classified under the following activity headings:
- Cost of raising funds comprise –
- Expenditure on Charitable activities includes the cost of – managing the properties owned by the trust, administration and website management
- Other expenditure represents those items not falling into any other heading.
Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred.
## **Tangible Fixed Assets**
The fixed assets represent investments in Freehold and long leasehold property. No depreciation is charged in the accounts as the Trustees believe that the property has a market value in excess of its book value.
## **Debtors**
Trade and other debtors are recognised at the settlement amounts due after any trade discount offered. Prepayments are valued at the amount prepaid after taking account of any trade discounts due.
## **Cash at Bank and in Hand**
Cash at bank and cash in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
## **Creditors and Provisions**
Creditors and provisions are recognised where the Charity has a present obligation resulting 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 normally recognised at their settlement amount after allowing for any trade discounts due.
## 2. **Legal Status of the Charity**
Whitefield Christian Trust CIO is a registered charity and was formed under a Constitutiion dated 15[th] December 2014.
Page 7
## **Whitefield Christian Trust CIO**
## **Registration Number 1159626 Notes to the Financial Statements For the year ended 5th April 2025**
## **3 Fixed Assets for Charity Use**
|Freehold property in shared ownership
Bognor Regis
Handforth
Ross 0n Wye
Pembroke
Wallyford
Worthing
Lewes
Wavertree
Stockport
Witney
Kirkintilloch
Bexhill on Sea
Ivybridge
Coventry
Renfrew
Crewe
Whitehaven
Nottingham
Leeds
Bolton
London SE18
Liverpool
Equity stakes:
Horsham
Lenzie
Nottingham
Enfield
Sudbury
Bury St Edmunds
Abingdon
Potters Bar
Sheffield
Chipping Norton|Unrestricted
Restricted
2025
2024
£
£
£
£
-
-
-
4,111
40,571
44,682
44,682
150,762
20,000
170,762
170,762
74,188
-
74,188
74,188
72,756
-
72,756
72,756
93,570
-
93,570
93,570
141,674
141,674
141,674
-
212,644
212,644
212,644
102,821
-
102,821
102,821
299,190
299,190
299,190
36,025
36,025
36,025
147,373
-
147,373
147,373
91,427
-
91,427
91,427
53,624
53,624
53,624
124,250
124,250
124,250
111,853
-
111,853
111,853
68,879
-
68,879
68,879
118,598
-
118,598
118,598
102,998
-
102,998
102,998
-
-
-
318,191
153,767
-
153, 767
-
103,261
-
103,261
-|
|---|---|
||2,051,127
273,215
2,324,342
2,385,505
72,550
-
72,550
72,550
25,000
-
25,000
25,000
30,000
318
30,318
30,318
18,300
-
18,300
18,300
42,470
-
42,470
42,470
84,000
-
84,000
84,000
45,300
-
45,300
45,300
99,959
-
99,959
99,959
100,000
-
100,000
100,000
-
150,000
150,000
150,000|
||2,568,706
423,533
2,992,239
3,053,402|
Page 8
¤
## **Whitefield Christian Trust CIO**
## **Registration Number 1159626**
## **Notes to the Financial Statements For the year ended 5th April 2025**
## 4. **Statement of Funds**
|Fixed Assets
Current Assets
Current Liabilities|Unrestricted
Restricted
Total
2024
2,568,706
423,533
2,992,239 3,053,402
702,928
-
702,928
419,911
(552)
-
(552)
(928)|
|---|---|
||3,271,082
423,533
3,694,615 3,472,385|
## 5. **Restricted Funds**
There are funds raised for the specific purpose of acquiring a property for Miss Margaret Wood. The funds are to provide accommodation for her for the rest of her life and will then become unrestricted funds of the Trust.
The Godfrey Fund is the excess from a donation given specifically to cover the expenses of purchase and the balance to the property acquisition.
The Riches Fund was a donation for the support of our purchase of a property for Miss Pamela Riches for the rest of her life and will then become unrestricted funds of the trust.
The Hutchinson Fund is a legacy given for the housing of the Mbewe family for the rest of the life of Caitlin Mbewe and will then become unrestricted funds of the Trust.
The Simpson Fund is a donation given to support the housing of the Simpson family for the rest of their lives and will then become unrestricted funds for the Trust.
|Wood Fund
Godfrey Fund
Riches Fund
Hutchinson Fund
Simpson Fund|2025
2024
£
£
40,571
40,571
318
318
20,000
20,000
212,644
212,644
150,000
150,000|
|---|---|
||423,533
423,533|
Page 9
## **Whitefield Christian Trust CIO**
## **Registration Number 1159626**
## **Notes to the Financial Statements For the year ended 5th April 2025**
## 6. **Trustees Remuneration**
No Trustee received any remuneration during the year. One trustee’s firm received professional fees amounting to £2,220. Three trustees were reimbursed a total of £209.90 for expenses incurred. The trust has no employees.
## 7. **Debtors**
|**ebtors**||
|---|---|
|Legal expenses
Gift Aid|2025
2024
£
£
-
2,115
1,400
172|
||1,400
2,287|
|**8. Creditors**
Funds held for third parties
Examiner’s remuneration|-
400
552
528|
|---|---|
||552
928|
Page 10