EBENEZER TRUST
REPORT AND ACCOUNTS
for the year ended 5 April 2022
EBENEZER TRUST
REFERENCE AND ADMINISTRATIVE INFORMATION
Legal Status: Ebenezer Trust is governed by its Trust Deed dated 22 Charitable Status: The Trust's activities are of a wholly charitable nature a not operate with a view to profit. It is registered with th Commission for England and Wales under reference 27 Trustees: Nigel T Davey Ruth M Davey Principal Address: Longwood Lodge Whites Hill Stock Ingatestone Essex CM4 9QB Bankers: HSBC 91 High Street Brentwood Essex CM14 4RU Investment manage UBS AG - London Branch 5 Broadgate London EC2M 2AN Independent Examin Nicholas Tavener 15 Shenfield Place Shenfield Brentwood Essex CM15 9AG
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August 1976. nd it does ie Charity 2574.
EBENEZER TRUST
ANNUAL REPORT OF THE TRUSTEES FOR THE YEAR ENDED 5 APRIL 2022
The Trustees submit their annual report for the year ended 5 April 2022, includ and administrative information on Page 1.
STRUCTURE GOVERNANCE AND MANAGEMENT
The Trust was established under Trust Deed on 22 August 1976, under which s appointing new Trustees applies to the existing Trustees.
The Trust is managed directly by the Trustees who do not normally recover the involved in doing so. There were no changes in Trustees during the year.
OBJECTIVES AND ACTIVITIES
The charitable objectives of the Trust are to make grants and donations to char evangelical Christian, bodies both in the UK and abroad, in which the Trustees interest. The Trustees make charitable donations at their discretion as they be which they wish to support.
ACTIVITIES IN THE YEAR
During the year grants and donations totalling £389,745 were made to 42 orga (2021: £96,108 to 48 organisations).
FINANCIAL REVIEW AND RESERVES POLICY
The results for the year are set out on Pages 4 to 11.
The cash receipts in the year from gifts were less than the amount given to cha and this may also be the normal position in future years. The Trustees accept t content for the Trust's reserves to be depleted in this way in future years. The significant portfolio of investments which will be realised when appropriate opp make charitable donations present themselves. It is the long-term policy of the give away the Trust's funds, and there is therefore no policy in relation to the r particular level of reserves.
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ding the reference
statutory power of
eir minor expenses
ritable, mainly have a personal ecome aware of needs
anisations
aritable causes, this and will be Trust has a portunities to e trustees to retention of any
EBENEZER TRUST
ANNUAL REPORT OF THE TRUSTEES FOR THE YEAR ENDED 5 APRIL 2022 (continued)
STATEMENT OF TRUSTEES' RESPONSIBILITIES
The Trustees' responsibilities are to prepare financial statements for each finan
The Trustees are also responsible for keeping proper accounting records which reasonable accuracy at any time the financial position of the Trust and to enabl that the financial statements are properly prepared. They are responsible for s assets of the Trust and for taking reasonable steps for the prevention and detec other irregularities.
The Trustees have also had regard to the Charity Commission's general guidan benefit when reviewing their grant making activities in pursuance of the aims o
Signed on behalf of the Trustees
N T Davey
N T Davey
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ncial year.
h disclose with le them to ensure safeguarding the ction of fraud and
nce on public of the Trust.
EBENEZER TRUST
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES
I report to the trustees on my examination of the accounts of Ebenezer Trust (" for the year ended 5 April 2022
Responsibilities and the basis of my report
As the charity trustees of the Trust you are responsible for the preparation of th accordance with the requirements of the Charities Act 2011 ("the Act").
I report in respect of my examination of the Trust's accounts, which I have car section 145 of the Act, and in carrying out my examination, I have followed all t 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 com connection with the examination which give me cause to believe that in any ma (i) accounting records for the Trust were not kept, as required by section (ii) the accounts do not accord with those records.
I have no concerns and have come across no other matters in connection with t which attention should be drawn in this report in order to enable a proper unde accounts to be reached.
Signed: Nicholas Tavener Date: 22 November 2022 Name: Nicholas Tavener Address: 15 Shenfield Place Shenfield Brentwood Essex CM15 9AG
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the Trust")
he accounts in
ried out under the applicable
me to my attention in aterial respect: 130 of the Act; or
the examination to erstanding of the
EBENEZER TRUST
STATEMENT OF CASH RECEIPTS AND PAYMENTS FOR THE YEAR ENDED 5 APRIL 2022
| Unrestricted | Unrestricted | Total | Total | |
|---|---|---|---|---|
| Funds | Funds | Funds | ||
| 2022 | 2022 | 2021 | ||
| Notes | £ | £ | £ | |
| RECEIPTS | ||||
| Donations and legacies | 4 | 100 | 100 | 43,700 |
| Interest received | 0 | 0 | 6 | |
| Gift Aid refunds received (for 2020/21) | 10,765 | 10,765 | 10,959 | |
| 10,865 | 10,865 | 54,665 | ||
| Transfer of cash from investment p | 2 | 350,000 | 350,000 | 50,000 |
| Total incoming cash resources | 360,865 | 360,865 | 104,665 | |
| PAYMENTS | ||||
| Expenditure on Charitable activities: | ||||
| Grants and donations | 5 | 389,745 | 389,745 | 96,108 |
| Other expenses | 6 | 93 | 93 | 131 |
| Total outgoing resources | 389,838 | 389,838 | 96,239 | |
| 0 | ||||
| 0 | ||||
| Net (outgoing)/incoming cash resour | (28,973) | (28,973) | 8,426 | |
| Total funds at 6 April 2021 | 31,834 | 31,834 | 23,408 | |
| Total funds at 5 April 2022 | 2,861 | 2,861 | 31,834 |
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EBENEZER TRUST
STATEMENT OF FUNDS, ASSETS AND LIABILITIES AT 5 APRIL 2022
| Unrestricted Funds 2022 £ HSBC current account 2,861 2,861 Held for the beneft of: General Fund 2,861 Other monetary assets Income tax recoverable under Gift Aid 75 including £50 under-recovered in 2020-21. Other assets retained for trustees' use Portfolio managed by UBS AG, London Ofice 2 ### |
Total Funds 2022 2,861 2,861 2,861 75 ### |
Total Funds 2021 £ 31,834 |
|---|---|---|
| 31,834 | ||
| 31,834 | ||
| 10,815 745,201 |
Liabilities There were no liabilities at the year end. N T Davey R M Davey
There were no liabilities at the year end.
(Signed)
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EBENEZER TRUST
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2021
1. ACCOUNTING POLICIES
Basis of Accounting
The financial statements have been prepared on the basis of receipts an reflecting the flows of cash through the charity's bank accounts. The c financial and non-financial assets and liabilities are separately noted in The charity constitutes a public benefit entity. The trustees consider tha uncertainties about the charity's ability to meet its few liabilities when
Funds structure
Where donors impose a restriction on how their donation may be expen expenditure being within the objects of the charity - their donations are separate Restricted Fund. If Gift Aid is recovered on such gifts, the tax passed to the beneficiary of the original gift. All other donation income Unrestricted Funds to be distributed at the Trustees' discretion.
Receipts
Donation income and the recovery of income tax under Gift Aid are acc cash receipts basis; gifts are not grossed for the anticipated Gift Aid re
Expenditure
Costs of charitable activities comprise grants made in the year and any administration costs including bank charges and those costs associated constitutional and statutory requirements of the charity.
Portfolio valuation
The portfolio of stocks and shares, managed for the trustees by UBS AG is shown in the Statements of Funds, Assets and Liabilities at its marke year end. The valuation is shown net of management fees which are de manager from the cash element of the portfolio.
Taxation
The Trust is a charity within the meaning of the Charities Act 2011. Ac Charity is potentially exempt from taxation in respect of income or gain within Section 256 of the Taxation of Chargeable Gains Act 1992 to the such income or gains are applied exclusively to its charitable purpose.
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nd payments, charity's n the accounts. at there are no they fall due.
nded - such e credited to a x recovered is is credited to
counted for on a covery.
y general d with meeting the
G, London Office, et value at the educted by the
ccordingly the ns received e extent that
EBENEZER TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 5 APRIL 2022
2 THE UBS-MANAGED INVESTMENT PORTFOLIO
Funds not likely to be required in the short term to enable donations to b invested in a portfolio managed by UBS AG London Office. Funds of £57 been so invested in recent years. Income received and realised gains hav accumulated within the portfolio.
During the year, Nigel Davey gave to the Trust some listed shares. These sold by the trustees for a total of £55,600 and the proceeds were reinvest Trust's portfolio at UBS.
During the year two amounts totalling £350,000 were transferred from th portfolio to the trust's bank account at HSBC. At 5 April 2022 the remain had a market value of £470,790.
3 RESTRICTED FUNDS
There were no Restricted Funds received during the year.
4 DONATIONS AND GIFT AID RECOVERED
| Unrestricted **Restricted ** |
Unrestricted **Restricted ** |
Unrestricted **Restricted ** |
Total | Total |
|---|---|---|---|---|
| Funds | Funds | Funds | Funds | |
| 2022 | 2022 | 2022 | 2021 | |
| £ | £ | £ | £ | |
| Gift Aid donations: | ||||
| N T Davey | 0 | 0 | 42,600 | |
| Others | 100 | 0 | 100 | 660 |
| 100 | 0 | 100 | 43,260 | |
| Non Gift-aided donations | ||||
| Others | 0 | 0 | 0 | 440 |
| Gift Aid refunds received for 20 | 10,765 | 0 | 10,765 | 10,959 |
| 10,865 | 0 | 10,865 | 54,659 | |
| For the year ended 5 April 202 | 53,219 | 1,440 | 54,659 |
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be made are 0,000 have ve been
were ted within the
he UBS ning portfolio
EBENEZER TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 5 APRIL 2021
5 GRANTS AND DONATIONS
All grants and donations in furtherance of the Charity's objects hav
| Unrestricte Total Funds Funds 2022 2021 £ £ Age UK - 1,000 Alpha International 4,000 2,000 Arise & Shine Children's Home - 1,000 Baptist Home Mission - Eastern Baptist Associat 1,000 1,000 Baptist Missionary Society 3,000 3,000 Barnabas Fund 4,000 6,000 Servants Fellowship International 1,000 1,000 Bible Society 1,000 1,000 Billericay Street Pastors 0 250 Brentwood Schools Christian Worker Trust 1,500 1,500 Care for the Family 1,000 2,000 CARE Trust 1,000 1,000 Chelmsford Food Bank 0 500 CHESS 302,500 3,500 Christ Church, Stock 9,000 9,600 Christian Aid 2,000 3,000 Christian Enquiry Agency 500 500 Christian Vision for Men 500 500 Crisis 1,000 1,000 Evangelical Alliance 2,000 2,000 Far East Broadcasting Association 0 1,000 Fellowship Afoat 1,000 1,000 Good News for Eveyone - Scripture Fund 1,000 2,500 Good News for Everyone - annual subscription/ 120 276 Guildford Cathedral 0 1,000 Gunnersbury Baptist Church 20,000 0 Livability 1,000 2,000 London City Mission 1,000 7,000 London Institute for Contemporary Christianity 500 500 Missionary Aviation Fellowship 1,500 1,500 Motor Neurone Disease Association 1,000 1,000 Carried forward to Page 10 362,120 59,126 |
Unrestricte Total Funds Funds 2022 2021 £ £ Age UK - 1,000 Alpha International 4,000 2,000 Arise & Shine Children's Home - 1,000 Baptist Home Mission - Eastern Baptist Associat 1,000 1,000 Baptist Missionary Society 3,000 3,000 Barnabas Fund 4,000 6,000 Servants Fellowship International 1,000 1,000 Bible Society 1,000 1,000 Billericay Street Pastors 0 250 Brentwood Schools Christian Worker Trust 1,500 1,500 Care for the Family 1,000 2,000 CARE Trust 1,000 1,000 Chelmsford Food Bank 0 500 CHESS 302,500 3,500 Christ Church, Stock 9,000 9,600 Christian Aid 2,000 3,000 Christian Enquiry Agency 500 500 Christian Vision for Men 500 500 Crisis 1,000 1,000 Evangelical Alliance 2,000 2,000 Far East Broadcasting Association 0 1,000 Fellowship Afoat 1,000 1,000 Good News for Eveyone - Scripture Fund 1,000 2,500 Good News for Everyone - annual subscription/ 120 276 Guildford Cathedral 0 1,000 Gunnersbury Baptist Church 20,000 0 Livability 1,000 2,000 London City Mission 1,000 7,000 London Institute for Contemporary Christianity 500 500 Missionary Aviation Fellowship 1,500 1,500 Motor Neurone Disease Association 1,000 1,000 Carried forward to Page 10 362,120 59,126 |
Unrestricte Total Funds Funds 2022 2021 £ £ Age UK - 1,000 Alpha International 4,000 2,000 Arise & Shine Children's Home - 1,000 Baptist Home Mission - Eastern Baptist Associat 1,000 1,000 Baptist Missionary Society 3,000 3,000 Barnabas Fund 4,000 6,000 Servants Fellowship International 1,000 1,000 Bible Society 1,000 1,000 Billericay Street Pastors 0 250 Brentwood Schools Christian Worker Trust 1,500 1,500 Care for the Family 1,000 2,000 CARE Trust 1,000 1,000 Chelmsford Food Bank 0 500 CHESS 302,500 3,500 Christ Church, Stock 9,000 9,600 Christian Aid 2,000 3,000 Christian Enquiry Agency 500 500 Christian Vision for Men 500 500 Crisis 1,000 1,000 Evangelical Alliance 2,000 2,000 Far East Broadcasting Association 0 1,000 Fellowship Afoat 1,000 1,000 Good News for Eveyone - Scripture Fund 1,000 2,500 Good News for Everyone - annual subscription/ 120 276 Guildford Cathedral 0 1,000 Gunnersbury Baptist Church 20,000 0 Livability 1,000 2,000 London City Mission 1,000 7,000 London Institute for Contemporary Christianity 500 500 Missionary Aviation Fellowship 1,500 1,500 Motor Neurone Disease Association 1,000 1,000 Carried forward to Page 10 362,120 59,126 |
Unrestricte Total Funds Funds 2022 2021 £ £ Age UK - 1,000 Alpha International 4,000 2,000 Arise & Shine Children's Home - 1,000 Baptist Home Mission - Eastern Baptist Associat 1,000 1,000 Baptist Missionary Society 3,000 3,000 Barnabas Fund 4,000 6,000 Servants Fellowship International 1,000 1,000 Bible Society 1,000 1,000 Billericay Street Pastors 0 250 Brentwood Schools Christian Worker Trust 1,500 1,500 Care for the Family 1,000 2,000 CARE Trust 1,000 1,000 Chelmsford Food Bank 0 500 CHESS 302,500 3,500 Christ Church, Stock 9,000 9,600 Christian Aid 2,000 3,000 Christian Enquiry Agency 500 500 Christian Vision for Men 500 500 Crisis 1,000 1,000 Evangelical Alliance 2,000 2,000 Far East Broadcasting Association 0 1,000 Fellowship Afoat 1,000 1,000 Good News for Eveyone - Scripture Fund 1,000 2,500 Good News for Everyone - annual subscription/ 120 276 Guildford Cathedral 0 1,000 Gunnersbury Baptist Church 20,000 0 Livability 1,000 2,000 London City Mission 1,000 7,000 London Institute for Contemporary Christianity 500 500 Missionary Aviation Fellowship 1,500 1,500 Motor Neurone Disease Association 1,000 1,000 Carried forward to Page 10 362,120 59,126 |
|---|---|---|---|
| £ 1,000 2,000 1,000 1,000 3,000 6,000 1,000 1,000 250 1,500 2,000 1,000 500 3,500 9,600 3,000 500 500 1,000 2,000 1,000 1,000 2,500 276 1,000 0 2,000 7,000 500 1,500 1,000 |
|||
| 362,120 59,126 |
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e been made to .
EBENEZER TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 5 APRIL 2022
5 GRANTS AND DONATIONS - continued
| Unrestricte Total Funds Funds 2022 2021 Brought forward from page 9 362,120 59,126 Open Doors 1,000 1,000 Renew Counselling 2,000 4,000 Rotary Club - Chelmsford 100 0 St Francis Hospice 1,000 2,000 St Martin-in-the-Fields Trust - 1,000 St Martin's Centre, Birmingham - 1,000 Salvation Army 1,000 2,000 Samaritan's Purse 5,000 5,000 Scripture Union 1,000 1,000 Special Needs and Parents 125 193 Spurgeons 1,000 1,000 Spurgeon's College 2,000 2,000 Stewardship Services 2,000 2,000 Tearfund 5,000 7,000 Treasures in Heaven Trust 400 400 Trinity College, Cambridge 2,500 2,500 Tyndale House 500 500 UCCF 1,000 0 Wheels for the World 1,000 1,000 Witham BB 1,000 1,000 World Team 0 2,389 389,745 96,108 |
Unrestricte Total Funds Funds 2022 2021 Brought forward from page 9 362,120 59,126 Open Doors 1,000 1,000 Renew Counselling 2,000 4,000 Rotary Club - Chelmsford 100 0 St Francis Hospice 1,000 2,000 St Martin-in-the-Fields Trust - 1,000 St Martin's Centre, Birmingham - 1,000 Salvation Army 1,000 2,000 Samaritan's Purse 5,000 5,000 Scripture Union 1,000 1,000 Special Needs and Parents 125 193 Spurgeons 1,000 1,000 Spurgeon's College 2,000 2,000 Stewardship Services 2,000 2,000 Tearfund 5,000 7,000 Treasures in Heaven Trust 400 400 Trinity College, Cambridge 2,500 2,500 Tyndale House 500 500 UCCF 1,000 0 Wheels for the World 1,000 1,000 Witham BB 1,000 1,000 World Team 0 2,389 389,745 96,108 |
Unrestricte Total Funds Funds 2022 2021 Brought forward from page 9 362,120 59,126 Open Doors 1,000 1,000 Renew Counselling 2,000 4,000 Rotary Club - Chelmsford 100 0 St Francis Hospice 1,000 2,000 St Martin-in-the-Fields Trust - 1,000 St Martin's Centre, Birmingham - 1,000 Salvation Army 1,000 2,000 Samaritan's Purse 5,000 5,000 Scripture Union 1,000 1,000 Special Needs and Parents 125 193 Spurgeons 1,000 1,000 Spurgeon's College 2,000 2,000 Stewardship Services 2,000 2,000 Tearfund 5,000 7,000 Treasures in Heaven Trust 400 400 Trinity College, Cambridge 2,500 2,500 Tyndale House 500 500 UCCF 1,000 0 Wheels for the World 1,000 1,000 Witham BB 1,000 1,000 World Team 0 2,389 389,745 96,108 |
Unrestricte Total Funds Funds 2022 2021 Brought forward from page 9 362,120 59,126 Open Doors 1,000 1,000 Renew Counselling 2,000 4,000 Rotary Club - Chelmsford 100 0 St Francis Hospice 1,000 2,000 St Martin-in-the-Fields Trust - 1,000 St Martin's Centre, Birmingham - 1,000 Salvation Army 1,000 2,000 Samaritan's Purse 5,000 5,000 Scripture Union 1,000 1,000 Special Needs and Parents 125 193 Spurgeons 1,000 1,000 Spurgeon's College 2,000 2,000 Stewardship Services 2,000 2,000 Tearfund 5,000 7,000 Treasures in Heaven Trust 400 400 Trinity College, Cambridge 2,500 2,500 Tyndale House 500 500 UCCF 1,000 0 Wheels for the World 1,000 1,000 Witham BB 1,000 1,000 World Team 0 2,389 389,745 96,108 |
|---|---|---|---|
| 389,745 | 96,108 |
6 EXPENSES
| EXPENSES | |||
|---|---|---|---|
| Reimbursement to Nigel Davey of the fee paid for registration of name of Ebenezer Trust with the Legal Entity Identifer (for dealing purposes by U Bank charges |
2022 78 15 ___ 93 |
2021 | |
| 78 60 ___ 138 |
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