CHARITY REGISTRATION NUMBER: 1176451 The Shaftesbury Christian Trust Unaudlted Financlal Statements 31 December 2025 IATES LLP Chartered a¢¢ountants The Old Mill, 9 Soar Lane Leister LE3 5DE
The Shaftesbury Christlan Trust Finarlclal Statements Year ended 31 December 2025 Page Trustees, annual report IndeperKlent examin8rfs report to the Irustees Statement of financial activities Statement of financial FQSition Notes to the financlal statements The lollowing pages do nol forn) part ot th• financial statements Detailed statement of financial actiwties 15 Notes to the detailed statement ol financial aciivities 16
The Shatlesbury Chrlstian Trust Trust••$' Annual Report Year ended 31 December 2025 The trustees pent their report and th¢ unaudited financial slatgmenls of th6 charlty Icy t ygar ended 31 Decembèr 5. AenCe ttnd admlnl¥lrnllv• detalls Reglstwed ¢harlty name Tl* Shaftesbury Chriqlian Trust Ch•rlty regl¥trnlloTh nUrnr 1176451 Prfnclpal offlc? 45A Willougfrfy Road Counl•sthorFe L8lcestershire LE8 SUA The tru8to•¥ J Duffin SRDuffi J V Egmond Nwmay S Taybr In¢knp•nd•nt ox•mln Mark Illiroswcttth BA FCA Th8 Old Mill. 9 Soar Lane Le$$1r LE3 5DE
The Shaftesbury Chrlstlan Trust Truslees, Annual Report {¢onllnwd) Year ended 31 December 2025 Stru¢lur•i govomaneo and manag•m•nt The narn8 ol lh8 Charltthe Incorporatgd Orgwisauon I'the CIO'I is Thg Shaftesbury Christian Trust The Shaftesbury Chrislian Trust was cr$ated by a Deed of Trust on 25 October 2017. The Tru8fs regl8lered charrty stattjs was conllmied by the Charity Commlssion on 22 DMb•r 2017. Apart from Ihg ffrst tharlty Irustees. every truste8 must be appoint&1 by a iesolulion passed at proporfy cOnned meeting ol the ¢harlly truste&s. In selecting individuaL8 foi akV)intrnent as charity trustees. the charlty trustees aThJ the Eklers must have regard to $kill$, knowledg8 and experfee ngedgd IOT the effective admIntral0n ol the CIO. There must be al Igasl three charity trust8es. 11 Ihg number IlS thls minSmum, the remainlng trustee or trustees may act onty lo call a megting ol th& eharity trustees. or appoint a new charity trust99. Thgro Is no m8Jimum numter ol ¢harliy tru8t88s that may b& oppointed to the CIO. Any person retiring as a charY trustee is eligible lor reapFolntsnl The day-to4ay running the administration ol th& charity is carried out by the Tru81ees, howaver. tw may delegate matters to IlIvIdUS or eommltte&8. Any ¢harity trustee may call a megling ol Ihg charty Iwslees. Tho charity tru8tee8 shall decide Iheir mgeliNJs are to bè called, aThJ what nofjce b requir. The Charty InJee5 may deslgnate any ol Ihalr methings that hava readY been called as a goneral meeting of the rnemb8rs ol the CIO, prOVed that all ol tho rnèmbers are given at leasl 14 days, notice of Ihls. OblectFv•$ and actlvlllo8 Fjurposes ol thg GIO ar9: 1. Thg advancomt ol th$ Chrislian fwth In ¢ordance wllh the 8as15 01 Fath, prfmarfty. not exclusN6ty. bwthin Ihe Vnrt8d Klngdom,. and 2. such othor tharWsl& purp)$88, as shall in the opSnSon of the charity trusteas. la¢ilitets the woth ol the charity, Wovkled that $u¢h purF)ses rnust bg ¢arfgd out In a manner conststent wlth lh6 Basls ol Faith. hlo¥8ment# ond rn7n¢0 Thg chatlty has continued io support many projects that are within the scope of the eharrty- gronts have teen provided lo e8tatAish naw churches and 5UPPOrt peoplg dng mission work.
The Shaftesbury Christian Trust Trustees, Annual Rgport (¢0nWnl Year ended 31 December 2025 Flnanclal rèvlèw The maln source of Income ol The Shaftesbury Christian Trust is thè Interest r8cefved for th8 I)an regardiTrJ the sab of the shares lo Tek 4 Group 2022 Ltd. This proYhs the necessary lunds for thè obj8Cts ol thè Trust and lor luNls lo other Char#s. Investment income. which conslsts of inlgrest receNwJ lor a ban to Tek 4 Group 2022 Ud for the s¢ ol sJ8s shares In July 2022 has d9¢r¥as from £301.855 to £175,279. Total unrestiicted ftjnds hekj bythe charity havg decreased from £4,488.715 10 £4,343,239. Plans for fuluro perlod Th& charitywS11 continue lo make grants lo support Chrlslian mink%lry and m88t ng*. The trust88$' annual repgrt was woved on 15 May 2026 and siwed on behalf ol th& board ol trustees ty.. Ja60rt D J Dulfin Trusteè Charty S¢¢T8lary
The Shaftesbury Chrlsllan Trust Independent Examlner's Report to the Truslees ol The Shaftegbury Chr13tlan Trust Year ended 31 December 2025 I report to the Iruslees on rny examinathjn ol th& tinanckgl siatemènts ol The Shaft0$try Christian Trust Ilhe charity) lor tha year ervjed 31 December 2025. R•spon$lbllilio¥ and basis of roport As the Irus18es of the ¢harty you are responsible for the preparation ol the linanc&l statements in accordanc8 1h the requtrements ol the Charitles Act 2011, as amended by the Char4fjes Act 2022. I report in respect ol my 9xamlnation of tho charity's linancial slatements carrfe(l under section 145 the 2011 Act, as aMOnd by the Charities Act 2022 and in ¢arrying out rny gxamlnation I have followed 1 the aWlcabl& Directions gwen by the Charity Commlsslon under section 1451Sllbl of the Ind•pond•nt •xamln•$ •t8tgmont I havè eompleted my examinat. I conlirm that no matarial matters hav$ come lo my attenllon in eonnection wilh Ihg eKamlnatbn gIng me cause to bellavg that in any mal8rfal rèspect.. accountiNJ record5 were not kept in rgspect ol the charlty as rewired by secllon 130 of the A¢t', or the Ilnancial statements () not accord with those records. or ihè flnancial stalgmgn18 do not comyW1[h the appIable rv4ulrem&nts conceming Iha lomi and contgnl ol accounts set out in the Charities IAc¢ounts and Reports) ReguLations 2008 other than any requirement that the accounts giv8 a 'tru$ and fairf w8w which is not a matter cOnSer$ a5 Part ol an n*nd8nl examinalKSn. I have no concgms have Come acTOSS no other maltors in connection wrth the examinatlon lo whlch att8nJon should bè drawn In thts report in order to enthe a prop8r understanditw ol the accounts to ba roa¢hed. k>ZL2xkilliAi5uJorfA isjds12d2É Mark Illingsworth BA FCA IrKlepgndenl Examin9r The Old Mil, 9 Soar Lane Leester LE3 5DE
The Shaftesbury Chrlstlan Trust Stalement of Financlal Aclivllles Year ended 31 December 2025 2025 Unrestricted funds Total fund• TO1 funds 2024 Ngt• Incomè ind endOneI8 DonadorLs and lega¢lgS Chantablè aeimty'es Investment Incom8 17,292 3,600 175,279 178,879 3.600 175,279 178.879 301,855 319.147 Totsl kncome Exp8ndlture ExpendSlure on charitable act19$ Totsl oxpondlturo 324.355 324,355 324,355 324.355 314,851 314,851 Not l•xp•ndlturelllncom• and net In fund8 1145.4761 1145.4761 4.296 R•¢ondllatlon of lunds Tot& funds brought lornvard Totsl funds carriod forw•rd 4,488.715 4,488,715 4,484.419 4.343,239 4,343,239 4.488,715 Th8 stalgmgnt of Ilnancial activitBs includ8s all gains and losses recognis8d in the year. All IOm and exper*Jitur8 dgrlve trom conts'nuiro activf(bs. Th• notss on 7 to 13 lomi ol Ihese IIMnol•l 81thrn.
The Shaflesbury Chrlstlan Trust Slatement ot Flnanclal Position 31 December 2025 2024 Nolo Flx•d ag80ts TangSble fixed assots Investments 15 16 518.256 436,134 954.390 283,941 283.941 Current as¥•ts Debtors Investments Cash at bank and in ha1 17 18 2,697,096 693,903 3,390.999 2.008, 1,482,104 717,730 4,207,924 Crodltors: amounls lalllng due wh1n one yo•r Net ¢#Jrr•nt as•gt¥ 19 2,ISO 3.388,W8 3.150 4.204.7T4 4,488,715 4.488,715 Total asg8ls1o$8 currorn IlobllllSes 4.343239 4,343239 Fund¥ of tho charlty Unrestricted funds 4,343.239 20 4,343,239 4.488,715 4.488,715 Tol•l ¢h•rlty lunds Thttse financial slalgrngnts were approved by the b08nl ol trustees author18 lor ue on 15 May 2026, and are sKJned on bshalf ol the boaNI by.. J Dullin Trust80 Tho IKlteB on page8 7t0 13 fomi olth6•e fknanel•l 81atements.
The Shaftesbury Chrlstlan Trust Notss to the Flnanclal Ststernents Year ended 31 Docember 2025 Gen1 Inform•tlon The chlty is a putllc bfrneftt enllty and a regislgred ¢harty In Errfjland and Waes and 18 unincorporaterj. Tho wjdress of the pn'nLYpal offe is 45A Willoughby Road, counlgsllN)e, Lekestershlr&, LE8 5UA. 2 Stslgm•nt ol compllttnce Th8sg fina1 statements have been prepargd in ¢orn larte wlh FRS 102, Th8 Flnancial Repotrtng Standard applicable in the UK and thè Republic ol Ireland,, the Statement ol Rvwmrnended Pract applicab to charities preparing Ihelr accounts in accordance wth the Finan¢ial RttFX)rtiThJ Standard aOable In the UK and Republic of Iraland IFRS 1021 (char&S SORP IFRS 1021) and the Charitigs Aot 2011, as aMeTred bylhe ChaiitS&s Act 2022. kcountlng poll¢lB$ Ba81s ot prnparnllon The financid statements have b&8n prepar on Ihe historscal cosl ba81$, as modnled by tho revaluation ol cen linanual assets aryy liabiliThes and inveslment properfas measured at Ir vue through incom8 or 8XndIture. The financial statsments are prepared in sterling, vthi¢h is Ihg furonal curren¢y ol the gnfjty. Golng eoneern There are no maierid uncrtaintles about the charws abllty to eanlinue. The trustees have revie the Charws proffi8cllons an¢J forecasts and have condud&d that the CharityyII be a goiw conc8rn lor thè lor$se•abb future. Judg•m•nts and k•y wJr¢ts of 091irnation une•rtslnty preparation ol lh9 finan0 stalernerrts requires management to make jLJoements, trslimalgs and assumptlons that affect the amounts reported. Th9$9 estimatss and judgements are conb'nualty reviewed and are based on exp8rience and Other factors, in¢ludiryJ expectatk)ns of fuiure events that aro bgI9Yd lo be re&sonthe urJer the clrcumslanc8s. Fund a¢¢ountlng Unre$lrted fu18 are available for use at the discrel*M of the trustees to further any of the charlty's wrposes. Incoming resourc•s All Sncome 18 included in the statement of financi aclwilyès wh•n entill8m8nt has passed to the charty, It is probable that the economlc beneltts associated with the tran$a¢tkin WMI flow lo the charity a1 the amount can bo r•liabty measured. The lollowlrKJ spgcilk policios are appld to parttular cat8gories of incorng: . Income trorn CIOnatn8 is recognised on receipts basis as thore Is no Contractually gnforc9ab rfght lo donallons womised. - Olher interest reVed is account lor on a receivable basis.
The Shaftesbury Chrlstlan Trust Ni)les to the Financlal Stslements Year and 31 December 2025 ounllng pollcle$ (oentln¢•d) R••OurC •xp•ndgd ExFnditure is re&ignised on an accrual8 basis as a liab114ty Is incurred. ExpeThJtturg inclwlos any VAT which cannot be lulty recovered. and is da$$rfied uTrJer headings ol the staternl ol financial aGlwSties to whh it relates.. expendllure on char[tab activities includes all costs Incurred by a charty in undertaknng aCtiV&S that further its charftabb alms for the benelh ol its benef141e$, irKludiv¥J those support costs aThJ costs relatiNJ to the govemance of thè chthty ar4)ortione(I lo ¢haritable activities. Taroitlg assets are initially recorded al cost, and SUbsequtIY gla1 at cost less any accumulated depreriation and impairment 1055es. Any tangble asstrt5 carried al r8valu8d omounts are recorded at the lalr vue at the date ol raluatIOn 18ss any subsgquent a¢Cumuted deprgck?lion subswont accurnuktgd impalrnenl k)sso5. Dopro¢l•tlon Deweaalion Ss cCUlated so as to writ8 off tho cost or valuallon ol an asset, less Its r&sldu vdug, over1he useful econcmic lrfe ol Ilwt as881 as follows: Fr99hold propgty 2Yo reducing baLqnce Investrn•nl propgrty Inveslrnent PrOrtY is initily recoril8d at ¢osL whlch includes purchasg prfc8 and any directly attributable expendrture. Impalrm•nt ol flx•d a880ts A review lor indutors ol imwrrnent is carried out al each rewbng dat9. Flngn¢tsl instruments A finala1 asset or a finan liebilty is reeognis&J only when thg enty be¢tsmes a party lo tho Contra¢lU provision8 of the IrtruMent. Bask flnanclal Instwments ara InallY rgcogni38d al the amount r1Vable or payablg ilUn9 any related transaction costs, unless th8 arrangèment conststutes a Ilnanong transactn. where rt 1$ r¢¢ognised al th8 present Vu0 ol the lulure payTh8nts discounted at a rnarkel rale of inl&rest lor a similar debt instrument. Cuvrent assels and curr1 Ilabilliies are subsequanlty mea8uied at the cash or other ¢c4)sleratIon exp8Ctod to be pald or re¢&ved and r1 ¢Jscounlgd.
The Shaftesbury Chrlstlan Trust Notes to the Flnanclal Statsments I¢¢) Year endad 31 December 2025 Donatlons and l•gacle• Unrestrrt&J Total Funds UnroStrict8d Told Funds Fun(ts 2025 Funds 2024 Donatloni Donallons 17,292 17,292 & Ch•rtl•blo •ctl¥ltle¥ Unrestrlctwl Total Fund• Unr8slrl¢tgd Total Funds Fundg 2025 Fu¢ 2024 Rentd Inm9 3,600 3,600 Investment Ineome Unrgstrlclgd Total Fund$ Unrgstrlctgd Total FLnds Fundg 2025 Fur 2024 Bank interest receivable Other intarasl receIvae 69,410 105.869 175.279 69,410 105,889 65,307 236,548 65,307 236,548 301,855 175,279 301,855 Exp•ndlture on eharftable activltle• by lund type unreStrted Total Fund$ Unrestrlcted Total Funds Funds 2025 Funds 2024 Diroct charitablo acuw1as SuFPOrt costs 321,714 2,641 324,355 321,714 2,641 324,355 310.641 4,210 314,851 310,641 4,210 314,851 Exp•ndllur• on ¢harttibl• act1v1t1 by acllvlty ty Activities undertaken dlrectly Support costs Totsl funds 2025 Total fund 2024 Direct charttab19 acth1o5 Govemance costs 321,714 40 2,601 2,641 321,754 2,601 324,355 310,701 4,150 314,851 321,714
The Shaft8sbury Chrlstlan Trust Nots8 to the Flnanclal Statements (tanth) Year ended 31 December 2025 Analy818 ol Support ¢0818 Anatysis of support $ts aclfvlty l Total 2025 Tota 2024 Finance costs 40 60 10. Nèt lexpendlture)Ilncom• Nel lexp8ndilurelArKome is stated after charglngllcredMwJl: 2024 D8pr8dallon ol tanglble IL¥gd assgts 9.679 11. Audltorg remunorntlon 2025 2024 Fg9s payable for th& audlt ol th8 flnanclal statements 4.149 12. Independeni examlnallon I 2024 F8è5 payablè to thè indepeThJent examiner for.. I1ePendent examlnat5on of the flrHnclal stalgments 13. Stall ¢osts The average head Count of employees durlNJ the year was Nil12024'. Nil). No empknyeo receNed &mployge b&nelits of morg than £60,000 durfng thg year12024: Nir). 1& Truslo• r•mun8ratlon and •xp•ns No remuneration or other benefits from Qnwbymonl vmth thè charity or a rdatsd tity warè receNe(F by the truste&s. No expenses were paid lo Trus199s durlng the year12024". Nil) 10
The Shaftesbury Chrlstlan Trust Notes to the Flnanclal Ststements (MTrllnL Year ended 31 December 2025 15. T•nglble fixed •••ets Frnèhold propwty At 1 January 2025 Athitions 527.935 At 31 Dacombw 2025 527,935 Daproclallon Al 1 January 2025 Charge IOT the year At 31 1)e¢•mb•r 2025 9,679 9,679 C•rrylng amount At 31 December 21Y25 518,256 At 31 Decembar 2024 16. InveBtmonts Investmonl propertie¥ Cost or v8lu•llon At 1 January 2025 Additions 283,941 152,193 436.134 At 31 Decomber 2025 Impalmi•nt Al 1 January 2025 •nd 31 DKernbor 2W25 Carrylng amounl At 31 De¢¢mber 2 436,134 Al 31 Decemlxr 2024 283,941 All Investments slN)wn above are he at valuatn. Invostmgnt prop8rt10• Investrnent property is initially IOrde(l al cost, wthich ndudes purchas9 prlcg and any ditlY attributable exper*Jiture. 17. Dobtor8 21Y25 2024 Other debtors 2,008,090
The Shaftesbury Chrlslian Trust Notes to the Flnancial Statements f¢vnll Year ended 31 December 2025 17. Dwbtors The debtors abov8 Incl18 Ihe follomng am(yJnts faming du9 after more than one year: 2025 2024 Othor dtrb*or8 252.858 18. Inv•$tm•nts 202S 2024 Other inveslments 2,697.096 1.482.104 19. Crodltorg: #mounts falling due wlthln on• y••r 2024 Accruds and deferred Income 2,150 3.150 20. An•ly•ii ol charllabl• funds Unrestrlcled lund8 At 1 January 202 At 31 Deeember 2025 Income Expenditure General funds 4.488,715 178,879 1324,3551 4,343,239 Al 31 De¢ernr 2024 1 January 202 ¢ome ExperrtUr General fun¢ts 4,484,419 319,147 1314,8511 4,488,715 12
The Shaflesbury Chrlstian Trust Notes to the Flnanclal Stslements (¢ortthL•dJ Yoar ended 31 December 2025 21. Anal18 ol nèt a886ts belween fund8 Unreslrkted T•)lal Funds Funds 2025 Tangible Ilxed assets Invgstments Current assets credrto1e than 1 year Nèt a88ets 518.256 518.256 436,134 436,134 3,390,999 3.390.999 12,150) 12.150} 4,343.239 4,343,239 Unrestr1 Total Funds Fun*Js 2024 Tangib X•d assgts Investments Current assets Creditors less than 1 year No14$8•ts 283,947 2&8,941 4,207,924 13,1 $01 4,488.715 4,207,924 13.1501 4,488,715 22. Relttted portle• During the year the charty mad& donations of £4.362 {2024.' £1,502) to Unmed Beach Mission Trust. Th8 TrUsS of th¢ ¢haity Mr J Duffin and Mr S Ta0[ ar8 also Tte8S in Uniled Beach M185Ion Trust. Durfng the year th& charlty made donafjons of ¢70.800 12024.. £9,600) to UFM Worfdwida and £15,90012024.' £10.0001 lo Glencrgft Church (Glen Parval. Mr J ffin 18 a Trustee in both the charitses. During the year Ihe charty made donations lo Glen Hllls Chureh. Ihis inclLKled payments ma(10 to Mayway conStron Ltd directty 01 £43,8(K)12024'. £nil}. Thg Trust&& of thè charlty Mr N May is so a director in klayway cOtruction Ltd. Th• Truste8 of the charity Mr J Duffin 1$ 0 a dlractor in TEK 4 Ltd and TEK 4 Gmup lknmited}. Dunno the year Ihe charty recolved loan interest of £108.70212024.' d6,5481. Th&re was no balan¢9 outstanding at thg 5gar &nd12024.. £2,008,090) and was shown as other debtors on the tsalar sheet last yèar. 13
Th8 Shaltesbury Christian Trust Management Informalion Year ended 31 December 2025 Th• followlng pay$ do not fomi part of th• fInala1 $tatqmgnts. 14
The Shaftesbury Chrlstlan Trust D8talled Slalernent ol Flnanclal Activitieg Year ended 31 December 2025 2024 Incom8 and 9ndowmS Donatlong and leg•cl•¥ Donatsons 17.292 Ch•rltsble aetlvllle* Rental income IntMant Iheomè 8ank interest recewBble Other intsr8st receNab 69,410 105,869 65,307 236.548 301,855 17S,279 Total In¢om• 178079 319.147 Expenditu Expendlturn on chrllablè &¢llvltl•s Lègaj and profasslonal fetrs Othèr olfice costs Deprecialion Donations madg 2.601 4,150 9.679 311,875 324.355 310,701 314,851 Totrl w)gndliure 324,355 314,851 Ngt {expondllUrfjylnm& 1145,476) 4,296 15
The Shaftesbury Chrfstian Trusl Notes to Ihe Detailed Statemenl of Flnancial Activities Year ended 31 December 2025 2025 2024 ExndIture on ¢haillablg acti¥ltl•s Dlroct ¢harltabl• acdvltlos Actlvllles undertaken dirn¢ty DIrt charltable aCfjty 1 - other costs Depraciation Donations made 200 9,679 311,835 321,714 310,641 310,641 Supportcosts Bank char 60 Govorn•x• costs Govornance ctssls- aOunta¢Y fees GovwwGg costs. audrt tees 2,801 4.150 2.601 4,150 Expendlturn on eharltsble actlvltle$ 324,355 314,851