THE ANDAÉ CHRISTIAN TRUST Annual Roport and Accounts For the Year Ended 31 December 2023 Reglstered Charlty No: 248466
THE ANDRÉ CHRISTIAN TRUST For the Year Ended 31 Deeember 2023 CONTENTS Page Officers and Adviserg Report of the Tru$tee$ Independent Examiner's Report Siatement of Financial Activity 8818nce Sheel Not¢$ to the Accounts 7.10
THE ANDRÉ CHRISTIAN TRUST OFFICERS AND ADVISERS FOR THE YEAR ENDED 31 DECEMBER 2023 MANAGING TRUSTEES: Andrew K Mowll Stephen P Daykin Peter Appleby All Trustees are appointed by their predecessors after approval by the Overseas Missionary Fellowship (successor charity to China Inland Mission Corporation) BANKERS: Barclays 88nk PIC INDEPENDENT EXAMINER: Mrs S Truran FCCA FCA Bush & Co Ltd 2 8arnfi8ld Crescent Exeter EXI 1QT CORRESPONDENT: A K Mowll 24 Hellings G8rdens Broadclyst Exeter EX5 3DX CHARITY NUMBER:
THE ANDRÉ CHRISTIAN TRUST TRUSTEES. REPORT ON THE ACTivrriES OF THE TRUST FOR THE YEAR ENDED 31 DECEMBER 2023 The Trustees present their report and financial Statements of the charity for the year ended 31 December 2023. The Financial statements have been prepared in accordance with the accounting policies sel out in note 1 of the financial statements and comply with the Charity's governing document. the Charities Act 2011 and Accounting and Reporting by Charilies: Statement of Recommended Pra¢ti¢e applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 (effective I January 20191. TRUSTEES, RESPONS181UTIES FOR THE FINANCIAL STATEMENTS The Trustees are responsible for preparing financial statements for each financial period which clearly show the state of affairs of the Trust and of the surplu$ or deficit of the charity for the period. In prep8ring these financial statements the Trustees are required to: Select 5Ult8ble accounting policies and apply them consistently. Make judgements and estimates that are reasonable and prudent. Preparg tho aceounis on a going Concern basis unless it is inappropriate to presume that the charity will continue in existence. The Trustegs are responsible for keeping proper accounting records which di9close with r8asonable accuracy at any time ihe flnancial position of the charity and lo enable them to ensure that the accounts comply with ihe Chaiities Act 2011 and ihe Statement of Recommended Practice 2015 IFRS1021. They are responsible for safeguarding ihe assets of the charity and hence making reasonable steps for the prevention and detection of fraud and other irregularitio$. STRUCTURE. GOVERNANCE AND MANAGEMENT The Trusiees are governed by the Trust Deed dated 30 December 1950 which lists charilies to which the Trustees can make donations and the qualifications necessary tor other charities to be eligible to receiv¢ donations Irom the Trust. OBJECTIVES OF THE TRUST AND PUBLIC BENEFrr In general terms. it is ihe policy of the Trusiees to utilisg the major part ol the annual income of the Trust to make eharitable donations in accordance with that Clause 8nd to transfer funds.. To any of the charities describad in the second schedule of the Trust Deed. or bl To any charily whose sole objective is the adv8n¢ement of the Christian Religion whether by the printing and distribution of the scriptures or by evangelistic work, or For the relief of sickness or poverty or the advancement of education. The Trustees confirm that they have had regard to the Charity Commission's guidance on public benefit when making decisions about the grants made. and how those payments will bengfit the public.
THE ANDRÉ CHRISTIAN TRUST TRUSTEES. REPORT ON THE ACTivmES OF THE TRUST FOR THE YEAR ENDED 31 DECEMBER 2023 GRANT MAKING POUCY The Trustees hold regu13r meeting to consider graftt$. All organisations applyino for funding are required to submit a reqL$8St outlining how funds would be used and what would be achieved. Due dili98neè is then undertaken. and $hortlisted organi88tions are ¢onta¢ted for further information, before proposals and rQmMendatiOnS are congidered by the Trustee8. FINANCIAL REVIEW AND PERFORMANCE The charity has a restricted 8ndowmeni fund which generates income to pay gr8nlg. 20 grants to 17 Charilies tolalling £70,652 w&re paid in ihe y•ar 12022- 17 grants to 15 ¢hariti&$ tot8lling £66,794). Those Charilies 8re li81od in notg 3 to the 8¢¢ounts. All thg pay88s w8r8 institutions. Incom8 for the year was £62,07512022.. £61.4681. Expendituro was £71,84412022.. £67,986). The gain on investments Was £196.513 12022: loss of £278,987). Tho not surplus lor the ye8r was £186,74412022.. d8fl¢51 £285,506). VOLUNTARY HELP Th8 fru8teeg glve thelr tlme froely vAthout romun•ration. All Trustee receive Suitablè training. RESERVES POLICY The Trust••$ consider that th• fr•e regerve8. ex¢ludlng investm8nts u$od to g8nerato income, are left 8t an appropriate level. 11 is the inientlon of the Trustees to dlstrfbute most of the Income availabl• aft8r paying th• running ¢o$is ol ihe charity. RISK MANAGEMENT The Trustee8 Continue to keep the Trust'$ activities under review particul8Tly wilh regard to th9 possibillty of m8lor rS8k, Appropriate $y8toms are in place to minimi88 the ri8k$ identified. Andrew K Mowll Date: Iq At'- Stephen P Daykin Date: Ap, Per K Appleby Dale.. Qlsyr hi- ?02LF
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE ANDRÉ CHRISTIAN TRUST This repon is on the financial staiements of the Trust for the year ended 31 December 2023, which are set out on pages 5 to 10. Re$pectlve Responsibilitie5 of Trustees and Examiner The ch8rity's trustees are responsible for the preparation of the accounis. The charity's trustees consider that an audit is not required for this year under section 144121 of the Charities A¢t 2011 Ithe 2011 Act) and that an independent gxamination is needed. It is my responsibility to- examine the accounts under section 145 of the 2011 Act.. to follow the procedures laid down in the Gener81 Directions given by the Charity Commission under section 1451511bl of the 2011 Act,. and to state whether particular matters have corne to my attention. Basis of Independent Examlnerfs Report My examinalion was carried out in accordance wlth the General Directions given by the Charlty Commission. An examination includes a review of the accounting records kept by the charity and a comparison of ihe accounts pres8nted with those records. It also includes consideration of any unusual ilems or disclosures in the ?OUnt8, and the seeking of explanations from you as trustees ¢oncerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and. consèquently no opinion is given as io whether the aecounts present a 'true and fair vi8w' and the report is limited to those matters set out in th8 Statement below. Independent Examlner's Statement In connedion wilh my examination. no matter has come to my attentlon.. 11 which gives me rea$onable cause to bgliov8 that, in any material respect. the requirem8nt$'. lo keep accounting recordg in accordance with Section 130 of the 2011 A. and io prepare accounts which accord with the a¢counting records and to comply with the accounting requirements of the 2011 Act have not been met.. or 21 to which. in my opinion, attention should be dr8wn in order to enable a proper understanding of lh8 accounts to be reached. Mrs S Truran FCCA FCA Bush & Co Ltd Chartered A¢¢ountants 2 Barnfield Crescent Exeter EX11QT Date: z8 aoz
THE ANDRÉ CHRISTIAN TRUST BALANCE SHEET AS AT 31 OECEMBER 2023 2023 21Y22 Invostments 2.164,304 1,967.791 Currnnt A8S•t$ Cash at 8ank 9.566 19.324 Currnnt Uabllltl•$ Accruals 1.241 1,230 Net Current A888t8 8.325 18,094 TOTAL NEf ASSErs 2.172.629 1,986.885 R•prèièntod by: Endowmeni Fund IRe8trictedl Undistributed Income IUnrestrict8dl 2,164,304 8,325 1,967.791 18,094 TOTAL FUNDS 2,172,829 1,985,885 The88 accounts W8re approved by the TrustO65 on l? ¢A Ap rn6 uoxt Andrew K Mowll Stephen P D8ykln Peter K Appleby
THE ANDRÉ CHRISTIAN TRUST NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023 ACCOUNTING POLICIES The principal accouniing policies are surnmarised below. The accounting policies have been applied consistently throughout the period. Basls ol Accounilng The financial statements have been pr8pared in accordance wlth the charlty's governing docum8nt. the Charities Act 2011. FRS102 'the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021, and the Charities SORP 'Accounting 8nd Reporting by Charities= Statem8nl of Recommended PractlC8 appliable to charities preparing their accounts in accordance with the Financial Reporting Standard applicab18 in the UK and Republic of Ireland IFRS1021' (effective 1 January 20191. The charity constitutes a public benefit entity as defined by FRS102. bl Fund Ac¢ountlng Unrestricted funds are available for use at the discretion of the Trustees in furtherance of the general objectives of the ch8rily. Re$iri¢ted funds ar8 subjeci to restriction on their expenditure imposed by the donor. Incomlng AourCeS All incoming re$ourees are included in the statement of financial activities whe the charity is entitled to the income and the amount can be quantified with reasonable accuracy. Investment income is included when receivable. d) Rosourc•# Expended Expenditure Is rseognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be recovered and is reported as p8rt of the expenditure to which it relates. The Trustees are authorised to ulilis8 the annual Income of the Trust Fund to make donations to certain charities in accordance with the Trusts set out in clause 3 of ihe Trust Deed which are broadly outlined in the Trustees, Fleport under the heading "Objectives of the Trust and public benefit- Support costs include thosè costs associated with meeting the constitutional and statutory requirements of the charity. Asset Valuation Investments are valued initially at cost and subsequently at fair value Itheir market value) at the year end.
THE ANDRÉ CHRISTIAN TRUST NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023 ACCOUNTING POLICIES Icontinuedl Inv8Stment Gains and Losses This includes any realised or unrealised gains or losses on ihe sale of investments and any gain or loss resulting from the revaluing of investments to market value at the year end. INVESTMENT INCOME 2W23 2022 Distributions on COIF Income Units Interest on COIF Charitie$ D8PQ$It 61,909 61,405 63 62,075 61.468 CHARITABLE ACTivrriES 2023 2022 Grants to Charftable Instftutlons Overseas Missionary Fellowship Share Christian Fellowship SWYM Tiverton Vineyard Church Bibla Society Palm Treé Associates Life Words Encounter Christianity SEAN UK YMCA Choices Pregnancy Centre Silverton Evangeli¢al Church Wycliffe Bible Translators Medic Malawi All Nations Christian College Open Doors Exmouth Launchpad St Francis CHAT Lamps Tidcombe Community Church Karls Kid5 Pinho8 PCC 2,000 6.350 1,000 3,750 2.000 2.700 2,000 5,000 4,000 500 6,750 500 1,000 15,602 5,000 7,500 5.000 2.500 7,900 1.000 4,000 2.500 2.500 2,500 5,000 6.500 5.000 1.500 10,000 750 9,144 6,000 70,652 66,794 Support Cosls Independent Examination Fee 1.192 1,192 71,844 67,986
THE ANDRÉ CHRISTIAN TRUST NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023 INVESTMENTS 2023 2022 719.038 COIF Ethical Invegtment Fund - Income units: cost 239,330 239,330 Market Value as at l January 1,967.791 2,246,778 Unrealised Ilo$$llgain arising in year 196,513 1278,9871 Market Value as at 31 December 2,164,304 1,967,791 Th8$8 invesiments are held in thg United Kingdom BANK 2023 2022 COIF Charities Deposit Fund Barclay$ Community Account 5,623 7,367 11,957 9,566 19,324 ACCRUALS 2023 2022 Independent Examiner 1,241 1.230 FUND MOVEMENT 2023 Unrestrictod Funds 2023 Restrlcted Funds 2023 Total Funds 2023 8818nce brought fowlard Incoming Resources Outgoing Resources Net GainsllLossesl on Investments 18.094 62,075 171,8441 1,967.791 1.985,885 62,075 171,8441 196.513 196,513 Balanc9 carried forward 8.325 2,164,304 2.172.629
THE ANDRÉ CHRISTIAN TRUST NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023 FUND MOVEMENT IcofrnNUEDI 2022 Unrestrl¢ted Funds 2022 Restricted Fund$ 2022 Total Funds 2022 Balance brought fOard Incoming Resources Outgoing Resources Nei GainsllLossesl on Investments 24,612 61,468 167,9861 2.246.778 2,271,390 61,468 167.9861 1278.9871 1278,9871 Balanc8 carried forward 18,094 1.967,791 1,985,885 NET ASSETS BETWEEN FUNDS 2023 Unrestrlcted Funds 2023 Restrlcted Funds 2023 Total Funds 2023 Investments Cash at Bank Accruals 2.164,304 2,164,304 9,566 11,2411 9,566 11,2411 Nei As$et$ 8,325 2.164,304 2,172,829 2022 Unrestrlcted Funds 2022 Restrict Fund$ 2022 Totsl Funds 2022 Inveslmenls Cash at Bank Accruals 1.967.791 1.967,791 19,324 11,2301 19,324 11.2301 Net Assets 18,094 1,967,791 1,985,885 RELATED PARTY TRANSACTIONS During the year there were no related party transactions 12022- During the year three grants of £8,000 worè paid to charitl8s for which two of the Trustees here also act as a Trustee). 10. TRUSTEES. REMUNERATION During 2023 and 2022 no trustee received any remuneration or received reimbursement for expenses paid. 10