**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:
- The advancement of the Christian Faith.
- The relief of persons who are in conditions of need, hardship or distress or who are aged or sick.
- `o` The provision of instruction in the Christian Faith at any educational establishment.
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:
- J J Boden
- S J Rowland
- R A Eagle (Chair)
## **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:
- A copy of the trust deed and any amendments made to it;
- `o` A copy of the charity’s latest report and statements of accounts.
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.
- 1 -
## **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
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.
## 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
- 3 –
## **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.
- 4 –
## **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.
- 5 –
## **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.
- 6 –
## **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.
- 7 –
## **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).
- 8 –
## **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**
- 9 -
## **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.
- 10 -