CHARITY REGISTRATION NUMBER.. 1193360 Cheshire Evangelical Trust Charitable Incorporated Organl•atlon Unaudited Financial Stat•m•nts 31 March 2024
Cheshire Evangelical Trust Financial Statements Yearended 31 March 2024 Page Trustees, annual report IrKlependent examinerfs report to ts tnA%tees Statement of financial activrties Statement of financial position Notes to the financial statements The following pages do not forni p*1 of the flnanclal ststements Detailed slatement of financ1 athitses Notes to the detailed ststeMt of activities 12 13
Cheshire Evangelical Trust Trustees. Annual Report Year ended 31 March 2024 The Iruslees Present their r&port and fin8nci81 ststements of the charity for the period ended 31 March 2024. Reforen¢• anit admlnl8tr8tlv• d6ts1 Rtylsternd charlty name Chesh're Trust Charity registration number 1193360 2 February 20211 59 Rod Appl8 Warmglf WA4 SAL Prlncipal offl¢fj The truJt••¥ MfSCGr•y Mr R J 8rLK MrSJBr MrDRBr• XX- Tn th"spensation Indepgndont èxamln•r Giles PAattrx FCA Charter8d Actounlant 18 Mulberry A¥• Tum5kn8 Park Widnes Ch881¥re WA8 OWN Strueture, govèrnance and manag•nwt The Charity is managed on a daily basis by tr l••d Trustee Mr S C Giay and Adminlstr8lor Mr A D ObJKtlv•8 and a¢tlvltles To SLSPPOrt Charities and Individuals invdv•J kn Ev•yllsm, Education. Relief of Povety 8nd Social Care IhroughoLrt the UK and the wider TrAryld. The ChBrity also offers administrative wjF¥X lo wJividuals in the execution ol their charitable donations. Achi•v•ments and rfOnanC¢ During the period lo 31 March 2024 ts Ct• swrted numfjrous Organisalions and individuals gimng £61,535 from income of £55,757 tXxY¥J 2022 funds of £236,784 were transferred from Frodsham Evangelistic Trust (Charity I¢A8825 1 wh8n it was wound up in accordan with the Trust Deed. Of that total, at the year erMI a £4,846 femains in reslr4ctsd funds as il is sJbjecl lo the wishes of what were the Trustees of Frodkn EV*91[%11¢ Trust.
Cheshire Evangelical Trust Trustees, Annual Report (¢ontrn Year ended 31 March 2024 Financial ravigw Overall resfjNas deuoased lo £217,869 in th• ww)J. Reserves Policy 11 is the policy of the charity that unrestrthd have not been designated for a specific use should be maintained al a levd equivalent to at loast six months expenditure. The trustees ¢J)nssder that reserves at this lev&1 will 9nsure that, in •¥•rt of a signiflcanl drop in funding, they will be able lo continue the charity's current acttvrt$ wlMl• O$•ration is given lo ways in whid) additsonal funds may be raised. At the balance Sheet d•te th• l•bl of free reseNes is considerably higher than thss. however, it is expected th81 planned expenditift in the next eighteen months will reduce the level of reserves. sU1s funds arg placed on dekv)SA. Public 8•nefh Statement The Charity's main activrtias are dgsubed tr• obpclives and activTties Statement. SLtpport lor organisations and individuals involved in education, relief of poverty and social care is mainly by monetary grant. Gifts made to organisalions and indivhknls wY401¥•d in wangolism included gifts to, L&S Dewhurst. Living Waters, YWAM, Life Chur¢h Wmigkn. St &thns Hartford. Navigators, Warrington House of Prayer. S J Wood. J Cavanagh, Com8rnknna CA*th lrt. and Ollvla Rigby. Grants made lo organisations in social and we induded Living Waters. Care, Right to Life. Epiphany Trust and Christian Solidarty. The charity trustses confimi that they have with their duly lo have due rogard to the guidan¢e on public benefit published by the CL¥TrM in oxgrcising their powers or duties. Plans for future yrlod$ The charity was incortM)raled on 2 February 2021 to tinue the otyectives of Frodsham Evang61istic Trust ICh8rity number 10588251 The chwity I1 cffj on the operations as seen in the publK bengfit statement as seen above. adding to the IK4t ol b•rkn' s. The Iruslees, 8nnual report was apyov•d w 6th 2024 and si trustees by.. on behalf of the board of ph Trustee Charfes Gray Rithard John BNce Trustee
Cheshire Evangelical Trust Independent Examinerfs Rep¢)rt to th• TN•tees of Cheshire Evangelical Trust Yoar ended 31 March 2024 I report lo the trustees on my examinatr ¢y • fin•la1 slatements of Cheshire Evangglical Trust I'lhe charity'l for the year ended 31 Marth 2024. R•spon$lbilitlos and basis of report As the trustees of the charity yoil are resttyrfbb8 tr the preparallon of the flnancial slalements In accordance with the requirements of the Chw#s Aci 2011 Ilhe Act.). I report in respect ol my exaTninalion of Ihe knancial statements carried out under section 145 of the 2011 Act and in carrying out my exankn I have followed all the applicable Directions giver) by the Charity Commission under sects" 14gSMbl the Act. Ind6pond•nt 8Xomlnorf# $t•temgnt I have completed my examination. I ¢firM Ih•l rK) material Matte have come lo my attention In connection with the examination gwing me c• kn b•lieve that In any material respect.. ac¢x)unting records were not kept in ryt of the charity as required by section 130 of the Act.. or the financLg1 st8tements do rnt accorf tth IIKIs8 records,. or the financial statements do Tr)t c(YnFty wilh the applicae requirem8nls conceming the form and content of accounts set Ml tr• Charities (Accounts and Roportsl RegUlatS 2008 other than any reqUireMt th•t ** xcounts give a 'lru8 8nd fai view which is not a matter considered as part of 8xamin8lion. I h8v8 no concerns and have come arxoss matters in Connection with the examination lo which attention should be drawn in rw in tyder lo enable 8 p¥oper undeistanding of the accounts to b8 reacw. Giles Mattocks FCA Chartered Accountsnt Independont Examingr 18 Mulberry Avenije Turnstone Business Park Widnes Cheshire WA8 OWN 61h June 2024
Cheshire Evangelical Trust Statement of Financial Activiti•• Year ended 31 March 2024 2024 2023 Total Funds l*Y•¥trKaed Reslricled funds Total fttnds Income and endowments Donations and legacS Investment income 51567 51567 487 41 4190 1186 Total income S5757 55757 49892 Expendiiuro Expend¢ture on charitable activities (7 796 2987 59783 68763 Support Costs Total expenditur• 1752 1752 1728 2987 61535 70491 Net expgndltur8 and net movement In fund$ 127911 129871 (5778} 1205991 RoconcSllatlon of funds Total fur¢ds brought forward 21 $814 7833 223647 244246 Totsl funds Corr[ for4Yard 2123 4846 217869 223647 The ststemenl of finan¢i81 activities incknjes g$ losses recognised in the year. Al income and expenditure derive from ¢tIM thilies. The noteg on 11• 11 l•nN 01th flnaTl41 $tat•monts.
Cheshire Evangelical Trust Statement of Flnancial Position 31 March 2024 2024 2023 Note Flxed assot$ Investments Current assots Debtors Cash at bank and in hand 218421 224175 218421 224175 Creditors: amounts talllng due wlthln •n• y•w Net current assets 12 552 528 217869 223647 Total assets less CUfTont Ilabiliti•s Net assets 217869 223647 217869 223647 Funds of tho Ghartty Restricted funds Unrestficted fund5 4846 213023 7833 215814 Totsl tharity funds 13 217869 223647 These ffnancial statements were approfftl by ty June 2024, and are signed on behaff of the twd by.. of trustses and authorised for issue on 6th Ste Trustee ades Gray Rithard Jo TDJ8tse n Bruce Tho notsB on p499• 110 11 Iw• w of tho¥e financlal staternents.
Cheshire Evangelical Trust Notes to the Financlal Statem•nts Year ended March 2024 Gen•ral Infomiatlon The ch8rtty is a public nefft entity MI • r•gbsl8red charity in Engla1 and Wales and is unincorporated. The address of tl pr) is 59 Red Lane, Appleton, Warrington, WA4 SAL. stst•m?nt of compll•n¢e These financial stslements have in compliance with FRS 102. The Financ41 Reporting Standard applicable in th• UK the R8put4ic of Ireland., the Statement of Recommended Practice applicabl• kj woparing their accounts in accordance with the Financial Reportir¢9 Stsndard app1•blO ir¢ UK and Republic of Ireland IFRS 1021 (Charities SORP IFRS 10211 and the charit Acl 2011 Accountlng poll¢l•s 8a81$ of preparation The financial statements have been on the historical cost basi5. The financi81 stslements arg prepared in stèrtry WWI li th• kniclKj¢ cutrency of the entity. Golng con¢em There ar& no mal8ri81 uncertainties abcrt tho dwty's abilty lo continue. Dlsclosure exemptlons The entity satisfies the criteria ol beiTrJ • w•hfying onlty as defined in FRS 102. As such, advantage has b&en taken of the folbry di•dosure exemplicns avallable under paragraph 1.12 of FRS 102.. {al No cash flow 5tatafft h•s been preseoled for the company. Ibl Discfosure$ In res1 of financl•l instrn¢S havg not been wes8nted. Judgements and key sour¢o8 ¢)1 wrtaInty The wepardlion of the fan1 stanwts requires management to make judgements. estimates and assumptions that 4ff•cl rgWrt8d. These estimates and judgerrents are continually reviewed and are based M •xpThnce and other factors, including expectations of future events that are believed to be r•a•cm& under the circumstsnces. Fund accountlng unStricted funds are avaa• fr u•• •t th• discretion of the trustees to further any ol the ¢hity's purposes. DesvJnated fun(ts are unrestricted •wrn••d by the Irustses for particular fure project ( commitment. Rostricted funds are subjected to resthY* on their expenditure dedwed by the donor or through the terms of an appeal. arKJ fa# of two SulasSes.. reslricled income fvnds or endowmgnl ftJrKIs.
Cheshire Evangelical Trust Notes to the Financial Statsm•nts Year ended 31 March 2024 A¢¢ountlng pollct•8 (¢ontlnu•tlJ Incomlng resour¢es All incoming resources arn includwj in sl•t•m6nl of financi81 acts'vities when entitlement has passed to the charity", it is wob8bl& th •rAJnomic bweffts associated with the transaction will flow to the charity and the arrKwnl be rnhably measured. The following specific polC$ are appti8d to parkncu18r cale9ories of irKom&'. income from donalw)ns or gfants is rw)Mod whon theie is evidenc$ of enlillement to Ihe gtft, receipt is probable and its am(xrt be measured reliably. Iggacy income is fecognised en rwjt i8 probab and titlement is estsblish8d. income from donated goods is m•a•w•d al the fair value of the gocds unless this is impractical to measure reliatly. in tKTr caw the value derived from the cost to the don(x or the estimated resale V4. 01 facilit8 and serv8 ar0 rgcognised in the accounts whèn received rf t valu• reliably measureAI. No amounts a indudsd for the contribution of general v(kntews. income from cOntrlS for the $ty of servicas 1$ recognised with the delivery of the onlfacted seTViC8. This is d•ssrf•d * wirestn'cted funds unless ther8 is a wntractua reqLEiremenl for il lo be SFenl M a p•tcu purpw and retttrn8d rf UnSnI. in which case rt may be regarded as restric1. Resources expended Expenditure is recognlsed on an accNals b•w• •$ a Ilabllity is in¢Ltrred. Exp8ndkure Includes any VAT which cannot be fully recover8J, wxl classified under headings of the statement of financial ath"vitsgs lo which il rgL3tM". gxwndilufe on raising fijnds the Costs of all fundraising activities. evenls, nonrycharitsble trading act4Vrtl, aTrJ Ih of donated goods. expendilure on charitable activtrti all costs incurred by a charity in undertaking actwities that further its charrt4bl• the benefit of its bengficiaries, including those SUFPOrt costs aThY costs rdatry to of the charty apporth)ned to charitable a¢livilies. other expenrfrture in¢1leS exp that is naither related to raising f4Jnds for the Ch'¢Y nor part of Its 8xpenthtur8 th•it•*)be actNilies. All costs are allocated to expendth refl8cting the use of tho resourca. Direct costs attributsble to 8 single acliwty are to that activity. Sharèd costs are apportioned between the acttvilies they contribute to cm * r••8b1e, justifiable and consistent basis.
Cheshire Evangelical Trust Notes to the Financial Statem•nts (w••¥• Year ended 31 March 2024 Donatlons and1ogacl•s Umtrrt•J Restr¢cted Total Funds Funds 2024 Tot•1 Fund 2023 Donatlons Donations 51567 51567 48706 4x706 Invo8tment income Total Funds Total Fund• 2024 2023 FLY Bank int8resl receivable 41 4190 1186 Expenditure on charltable actlvlties by fund type UrKestr•J Restric fotal Funds Total Fund• FuThYs Funds 2024 2023 'recl Charitable AclNities Direct charitable 8xpendilur8 567 2987 59783 68763
Cheshire Evangelical Trust Notes to the Financial Statem•nts Year ended 31 March 2024 Exp•nditure on charitable acti¥i¥•• type Acttvities undertaken Total funds Totsl fund• directly 2024 2023 Direct Charitablg Activities 59783 59783 68763 Support Costs Administration Legal and ProfessKJnal Independent examinatlon foes 1200 1200 552 1752 1200 2024 2023 Fees payable lo the independent fry." Independènt examination of Ihe firthci•t •taThnts 552 528 10. Staff costs The total staff costs and em0ye• bonrfts fty th• roporting period arg analysed as follows.. The average head counl of ernpby tt• pertod was Nil. No employeè recewed employee efft1 d nYM• than £60.000 durfng the period. 11. Trnst•e rnmunoratlon and •xpMw• no remUneratn or other bernfits fr¢yM •n1ymt with the charity or a related entty were received by the trustees.
Cheshire Evangelical Trust Notes to the Flnancial Statem•rt• Year ended 31 March 2024 12 . Credftor5: amounts falllng du• yw 2024 2023 Accwals and defeThed income 552 528 13. Analy$l$ of char5tsblè funds Unrnstrlct•d funds 1 Aw'l 2023 At 31 March 2024 Income Exp8ndilur8 Gonerdl funds 215014 55757 {58548) 213023 Restrlctod fund8 *A1 At 31 M•rch 2024 2023 IroMe Expenditure Restricted Fund 7&33 129871 4846 14. Anaty$l$ of n•t assets b•tw8•n Iwdl Total Funds Total 2024 Funds 2023 Ih•stykXed Restricted FS Funds Investments Curr8nt assets 2123 217869 223647 Net 50 21 X123 4846 217869 223647 10
Cheshire Evangelical Trust Management Infomialion Yearended 31 March 2024 The following paw do nat l•vm of the flnan¢lal statements. 11
Cheshire Evangelical Trusl Detailed Ststement of Financial A(ahlll•• Year ended 31 March 2024 2024 2023 In¢om• and •ndowment$ Donatlonj and l•gacl•$ Donations 51567 48706 Investmant income Bank irslerest CeiVable 4190 1186 Totsl income 55757 49892 Expenditur¥ Expèndlture on charltsble actlvltl•s Legal and profession81 fees Travel costs Administration Grants and Donations 552 528 1200 59783 1200 68763 61535 70491 Total ¢xp•Trdithre 61535 70491 Net deficit 15778} 1205991 12
Cheshire Evangelical Trust Notes to the Detailed Statem•nt of Flnm¢l•l Activities Year ended 31 March 2024 2024 2023 Expenditure on Charltablo a¢llvltl Direct Charltable Activit$ Actlvitles umlertakon dlre¢tly Legal and Profes&on81 Fees Travel Costs Administration Grants and Donations 552 528 1200 59783 1200 68763 61535 70491 Expenditure on ¢harltablo actlvlt 61535 70491 13