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2025-03-31-accounts

CHARITY NUMBER: 1185336

QUANTUM TRUST

ANNUAL REPORT FOR THE YEAR ENDED

31 MARCH 2025

THE ROWLEYS PARTNERSHIP LTD CHARTERED ACCOUNTANTS CHARNWOOD HOUSE HARCOURT WAY MERIDIAN BUSINESS PARK LEICESTER LE19 1WP

QUANTUM TRUST

CHARITY INFORMATION FOR THE YEAR ENDED 31 MARCH 2025

Charity Number: 1185336 Governing Instrument: Declaration of Trust dated 9th May 2019 Trustees: J J Boden S J Rowland R A Eagle (Chair) Principal Address: The Manse 22 De Montfort Street Leicester LE1 7GB Independent Examiner The Rowleys Partnership Limited Chartered Accountants Charnwood House Harcourt Way Meridian Business Park Leicester LE19 1WP Bankers: Barclays Bank plc 1-3, Haymarket Towers Humberstone Gate Leicester LE1 1WA

QUANTUM TRUST

CONTENTS OF THE ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2025

Page
Trustees’ Report 1
Independent Examiners’ Report 3
Statement of Financial Activities 4
Balance Sheet 5
Notes to the Financial Statements 6

QUANTUM TRUST

TRUSTEES REPORT FOR THE YEAR ENDED 31 MARCH 2025

The Trustees 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).

The financial statements have been prepared in accordance with the accounting policies set out in the notes to the accounts and comply with the charity's governing document, the Charities Act 2011 and 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) published in October 2019.

Objectives, activities and achievements of the Trust

The objectives of the Charity are:

These objects are to be carried out in such parts of the United Kingdom or the world as the Trustees may from time to time think fit. The Trustees must apply the income and, at their discretion all or part of the capital of the charity in furthering the objects.

The Trustees are pleased to report that during the year we have provided funds for a range of needs and projects including: Support of various Christian ministry in the UK including a new church launch in Leamington Spa. We’ve supported pastors in Brazil, Eastern Europe and Kenya. In Kenya we have funded the construction of a 4,000 sq ft church and community facility in Eldoret. We have supported a medical fund and also helped to start new businesses, including additional small farms and a milling business to assist with the creation of jobs, income for local people and to provide sustainable work.

Management and governance

The Trustees who served during the year were:

Trustees Appointment and Recruitment

There must be at least three Trustees. Apart from the first Trustees, every Trustee must be appointed for a term of three years by a resolution of the Trustees passed at a special meeting called under Clause 15 of the trust deed. In selecting individuals for appointment as Trustees, the Trustees must have regards to the skills, knowledge and experience needed for the effective administrative of the charity.

The Trustees must keep a record of the name and address and the dates of appointment, reappointment and retirement of each Trustee.

The Trustees must make available to each new Trustee, on his or her first appointment:

No charity Trustee or connected person is employed or receive remuneration from the charity.

Governing document

The charity is controlled by its governing document, a deed of trust dated 9 May 2019, and constitutes an unincorporated charity.

QUANTUM TRUST

TRUSTEES REPORT FOR THE YEAR ENDED 31 MARCH 2025 (continued)

Public Benefit

The Trustees have had regard to the Charity Commission guidance on public benefit.

Volunteers

The charity is grateful for the commitment of its volunteers who are involved in all aspects of the charity's operations.

Financial review

Full details of the financial transactions are contained in the attached accounts. The incoming resources for the year were £200,330 (2024 - £255,193), and after deducting resources expended of £240,404 (2024 - £200,957), the net deficit was £40,074 (2024 - surplus £54,236). The net assets of the Charity on 31 March 2025 amounted to £96,449 (2024 - £136,523).

Reserves policy

The Trustees are responsible for setting a reserves policy, taking into account the administrative overheads of the charity.

The level of reserves held in unrestricted funds at 31 March 2025 amounted to £94,023 (2024 - £101,969) which is considered sufficient to ensure that future calls upon the charity can be met. At the end of the year the restricted funds reserves were £2,426 (2024 - £34,554).

Levels of reserves

These may vary depending on the level of income and also the anticipated projects and initiatives that we will support as a trust. Although this is early in the life span of the trust, we will plan initiatives according to income and always leave a contingency amount in reserves for the unexpected. In the previous year we received surplus income which increased the reserves above the level deemed necessary. We have therefore expended that amount in this year resulting in a notional deficit whilst retaining sufficient reserves.

Maintaining reserves

It is anticipated that once levels of income are established, that a monthly amount will be set aside to maintain the basic level of reserves deemed necessary by the Trustees.

Monitoring and review

Through the administrator and treasurer, funds will be monitored and should there ever be an excessive amount of money being held it will be brought to the attention of the other Trustees who will decide on any use of the available funds, as happened in this year.

Future plans

The Trustees intend to continue their support of Christian ministers, charities and the poor in both the UK and overseas as long as the Charity’s funds allow.

22/01/2026 Approved by order of the Board of Trustees on and signed on its behalf by:

Andrew Ea le g Simon Rowland

_____
R A Eagle
Trustee
signed on 24/01/2026, 10:18:42 GMT		 _____
S J Rowland
Trustee
signed on 26/01/2026, 17:53:17 GMT

- 2 -

QUANTUM TRUST

INDEPENDENT EXAMINERS REPORT TO THE TRUSTEES OF FOR THE YEAR ENDED 31 MARCH 2025

Independent Examiner's Report to the Trustees of Quantum Trust

I report to the charity Trustees on my examination of the accounts of the charity for the year ended 31 March 2025 which are set out on pages 4 to 10.

Respective responsibilities of Trustees and examiner

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 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

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

  2. 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.

signed on 27/01/2026, 08:28:31 GMT

Mrs L G Parkes FCA FCCA The Rowleys Partnership Limited Chartered Accountants Charnwood House Harcourt Way Meridian Business Park Leicester LE19 1WP

Date: 24/01/2026

QUANTUM TRUST

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025

Note
INCOME AND ENDOWMENTS FROM
Donations and Support
3
Total
EXPENDITURE ON CHARITABLE ACTIVITIES
Charitable Activities
4
Other costs
5
Total
Net movement in funds
Balances at 1 April 2024
TOTAL FUNDS CARRIED FORWARD		 Restricted
Funds
£
2,798
2,798
34,926
-
34,926
( 32,128)
34,554
2,426		 Unrestricted
Funds
£
197,532
197,532
200,622
4,856
205,478
( 7,946)
101,969
94,023		 Total
Total
2025
2024
£
£
200,330
255,193
200,330
255,193
235,548
196,771
4,856
4,186
240,404
200,957
( 40,074)
54,236
136,523
82,287
96,449
136,523

The notes on page 6 to 10 form part of these financial statements.

QUANTUM TRUST

BALANCE SHEET AS AT 31 MARCH 2025

Note
Fixed Assets
Tangible assets
7
Current Assets
Debtors
8
Cash at Bank and in Hand
Current liabilities
Creditors falling due within one year
9
Net current assets
Total assets less current liabilities
Funds
10
Unrestricted Funds
Restricted Funds
Total Funds		 £
£
£
£
1,102
1,686
19,302
27,586
82,590
112,371
101,892
139,957
6,545
5,120
95,347
134,837
96,449
136,523
94,023
101,969
2,426
34,554
96,449
136,523
2025
2024
£
19,302
82,590
101,892
6,545

22/01/2026

The financial statements were approved by the Board of Trustees and authorised for issue on and were signed on its behalf by:

Simon Rowland

Andrew Ea le g

signed on 24/01/2026, 10:18:42 GMT____ signed on 26/01/2026, 17:53:17 GMT____ R A Eagle S J Rowland Trustee Trustee

The notes on page 6 to 10 form part of these financial statements.

QUANTUM TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

1 Accounting policies

1.1 Basis and preparation of financial statements

The financial statements of the charity, 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 Charities Act 2011. The financial statements have been prepared under the historical cost convention.

Quantum Trust is an unincorporated charity registered in England and Wales. The address of the charity is given in the charity information page of these financial statements.

The accounts have been prepared to give a 'true and fair' view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a 'true and fair view'. This departure has involved following the 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 issued in October 2019 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.

The significant accounting policies applied in the preparation of these financial statements are set out below.

1.2 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. No amounts are included in the financial statements for services donated by volunteers.

1.3 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.

1.4

Fund Accounting

Unrestricted general funds are funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes.

1.5 Restricted funds

Restricted funds comprise of donations given for specific purposes. Where gifts relate to capital items acquired or concern building issues, an appropriate transfer is made between restricted and unrestricted funds.

QUANTUM TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 (continued)

1 Accounting policies (continued)

1.6 Tangible fixed assets and depreciation

All tangible assets are capitalised and included at cost.

Depreciation has been provided to write off the cost less estimated residual values of tangible fixed assets, other than freehold land over their expected useful lives.

Computer equipment 33.3% on cost Fixtures and fittings 20% reducing balance

1.7 Cash and cash equivalents

Cash and cash equivalents comprise cash in hand and cash on deposit.

1.8

Going concern

The financial statements have been prepared on a going concern basis as the Trustees believe that no material uncertainties exist. The Trustees have considered the level of funds held and the expected level of income and expenditure for 12 months from authorising these financial statements. The budgeted income and expenditure is sufficient with the level of reserves for the charity to be able to continue as a going concern.

1.9

Debtors and creditor’s receivable/payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in expenditure.

2 Taxation

The charity is exempt from tax on its charitable activities. Expenses are inclusive of VAT where applicable.

QUANTUM TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 (continued)

Restricted
Funds
£
3
Incoming resources: Donations
Donations
2,798
Gift Aid receipt
-
2,798
Restricted
Funds
4
Charitable expenditure
£
Ministry Support
1,610
Ministry Expenses
-
Gifts to Individuals
-
Gifts to Institutions
30,995
Student Support and Training
2,321
Other donations
-
34,926
5
Other costs
Charitable
activity
£
Postage and stationery
-
Accountancy
-
Subscriptions
-
Sundry expenses
-
Bank charges
-
Depreciation
-
-		 Unrestricted
Funds
£
178,230
19,302
197,532
Unrestricted
Funds
£
148,320
20,740
8,748
21,324
1,490
-
200,622
Governance
costs
£
27
3,462
579
-
204
584
4,856		 Total
2025
£
181,028
19,302
200,330
Total
2025
£
149,930
20,740
8,748
52,319
3,811
-
235,548
Total
2025
£
27
3,462
579
-
204
584
4,856		 Restricted
Funds
£
67,336
-
67,336
Restricted
Funds
£
2,850
888
-
27,684
4,190
-
35,612
Charitable
Funds
£
-
-
-
-
-
-
-		 Unrestricted
Total
Funds
2024
£
£
166,115
233,451
21,742
21,742
187,857
255,193
Unrestricted
Total
Funds
2024
£
£
118,806
121,656
25,822
26,710
10,430
10,430
1,171
28,855
4,429
8,619
501
501
161,159
196,771
Governance
Total
Funds
2024
£
£
42
42
3,300
3,300
294
294
11
11
203
203
336
336
4,186
4,186

Other costs of £4,856 are unrestricted costs incurred during the year (2024 - £4,186).

QUANTUM TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 (continued)

6 Amounts Payable To Independent Examiner

The amount paid to the independent examiner for the independent examination was £3,462 (2024 - £3,300).

7 Fixed assets
Cost at 1 April 2024
Additions
Charge for the year
8 Debtors
Gift Aid debtor
Other debtor
9 Creditors
Accruals
0 Analysis of Net Assets Between Funds
Fixed assets
Current assets
Current liabilities
Net book value at 31 March 2025
Net book value at 1 April 2024
Cost at 31 March 2025
Depreciation at 1 April 2024
Depreciation at 31 March 2025		 Unrestricted
funds
£
1,102
99,466
(6,545)		 Computer
equipment
£
2,707
-		 Fixtures &
fittings
Total
£
£
1,190
3,897
-
-
1,190
3,897
270
2,211
184
584
454
2,795
736
1,102
920
1,686
2025
2024
£
£
19,302
21,742
-
5,844
19,302
27,586
2025
2024
£
£
6,545
5,120
6,545
5,120
Total
Total
2025
2024
£
£
1,102
1,686
101,892
139,957
(6,545)
(5,120)
96,449
136,523
2,707
1,941
400
2,341
366
766
Restricted
funds
£
-
2,426
-
94,023 2,426

10 Analysis of Net Assets Between Funds

QUANTUM TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 (continued)

11 Movement in Funds

At
2024
£
Unrestricted funds
General fund
101,969
Restricted funds
Kenya Aid
34,554
136,523
Comparatives for movement in funds
At
2023
£
Unrestricted funds
General fund
79,457
Restricted funds
Kenya Aid
2,830
UK Mission
-
82,287		 At
2024
£
101,969
34,554		 Incoming
resources
£
197,532
2,798		 Resources
expended
£
( 205,478)
( 34,926)		 Transfer
At
of funds
2025
£
£
-
94,023
-
2,426
-
96,449
Transfer
At
of funds
2024
£
£
-
101,969
-
34,554
-
-
-
136,523
136,523 200,330 (240,404)
Incoming
resources
£
187,857
65,948
970		 Resources
expended
£
( 165,345)
( 34,224)
( 970)
82,287 255,193 (200,957)

12 Related Party Transactions

There were no related party transactions in the year ended 31 March 2025 (2024 - £Nil).

13 Trustee’s Remuneration and Benefits

None of the Trustees received remuneration or benefits in the year ended 31 March 2025 (2024 - £Nil).

Trustee’s expenses

None of the trustees were reimbursed for expenses in the year ended 31 March 2025 (2024 - £Nil).

14 Control

The Charity was under the control of the Trustees throughout the current year.