Canaan Christian Trust
Report And Financial Statements For the Year Ended 31st March 2025
Charity Number: 284117
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Canaan Christian Trust
Charity Number: 284117
Financial Statements For The Year Ended 31st March 2025
Contents
| Contents | |
|---|---|
| For the Year Ended 31st March 2025 | |
| Report of the Management Committee | 3 |
| Legal and Administrative Information | 3 |
| Statement of Financial Activities | 4 |
| Balance Sheet | 5 |
| Notes Forming Part of the Financial Statements | 6 to 7 |
| Breakdown of Statement of Financial Activities | 8 |
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Canaan Christian Trust
Charity Number: 284117
Report of the Management Committee for the year ended the 31st March 2025
The Management Committee Presents Its Report And Audited Financial Statements For the Year Ended 31st March 2025
Reference and Administrative Information
For the Year Ended 31st March 2025 Charity Name: Canaan Christian Trust Charity Registration Number: 284117 Company Registration Number: N/A Registered Office And Operational Address: 21 Holt Road Sheringham Norfolk NR26 8NB
Auditors
Caroline Sands And Associates
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Canaan Christian Trust
Charity Number: 284117
Statement of Financial Activities (Including Income & Expenditure Account) For the Year Ended 31st March 2025
| For the Year Ended 31st March 2025 Incoming Resources Incoming Resources From Generated Funds: Voluntary Income: Donations and Grants Activities for Generating Funds: Investment Income Incoming Resources From Charitable Activities: Grants and Contracts Fees and Charges, Fundraising Gift Aid Total Incoming Resources Resources Expended Costs of Generating Funds Fundraising Trading: Cost of Goods Sold and Other Costs Charitable Activities Governance Costs Total Resources Expended Net Incoming Resources Before Other Recognised Gains Other Recognised Gains Gain on Revaluation of Investments Net Movement In Funds Reconciliation of Funds Total Funds Brought Forward Total Funds Carried Forward |
Unrestricted Restricted Total Total Funds Funds Funds Funds 2025 2025 2025 2024 £ £ £ £ 30,224.00 350.00 30,574.00 24,735.00 703.00 703.00 526.00 15,283.00 9,865.00 9,865.00 3,922.00 |
|---|---|
| 40,792.00 350.00 41,142.00 44,466.00 |
|
| 36,957.00 36,957.00 26,515.00 5,089.00 350.00 5,439.00 5,212.00 2,610.00 2,610.00 2,874.00 |
|
| 44,656.00 350.00 45,006.00 34,601.00 |
|
| 9,865.00 - - - - |
|
| -3,864.00 0.00 -3,864.00 9,865.00 |
|
| 232,682.00 30,712.00 263,394.00 253,529.00 |
|
| 228,818.00 30,712.00 259,530.00 263,394.00 |
The Statement of Financial Activities Includes All Gains And Losses In The Year. All Incoming Resources
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And Resources Expended Derive From Continuing Activities.
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Charity Number: 284117
Canaan Christian Trust
Balance Sheet
For the Year Ended 31st March 2025
| Notes Fixed Assets For the Year Ended 31st March 2025 3 Current Assets Stock Debtors 4 Loan Cash At Bank And In Hand Creditors: Amounts Falling Due Within One Year 5 Net Assets 5 Unrestricted Funds Restricted Funds Total Funds |
£ 2,564.00 93,918.00 |
31st March 2025 £ 163,793.00 163,793.00 |
31st March 2024 £ 165,811.00 |
|---|---|---|---|
| 165,811.00 | |||
| 2,565.00 95,528.00 |
|||
| 96,482.00 | 98,093.00 | ||
| 745.00 | 510.00 | ||
| 745.00 | 510.00 | ||
| 259,530.00 | 263,394.00 | ||
| 228,818.00 228,818.00 30,712.00 259,530.00 |
232,682.00 | ||
| 232,682.00 | |||
| 30,712.00 | |||
| 263,394.00 |
These accounts have been prepared in accordance with the provisions applicable to companies subject to the Small Companies Regime.
The committee acknowledges their responsibilities as follows;
The committee acknowledge their responsibilities to maintain accounting records as required by Part 6 of the Charities Act 1993 or, for charities registered under the Companies Acts, section 386 of the Companies Act 2006.
The committee of the company, must not approve the accounts unless they are satisfied that the accounts give a true and fair view of the assets, liabilities, financial position and profit and loss:
Approved By The Management Committee And Signed On Its Behalf By:
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Dated:.......................................
Canaan Christian Trust
Charity Number: 284117
Notes Forming Part of the Financial Statements For the Year Ended 31st March 2025
1. Accounting Policies
The principal accounting policies are summarised below. The accounting policies have been applied consistently For throughout the year and in the preceding year.
1a. Basis of Accounting
The financial statements have been prepared under the historical cost convention, as modified by the inclusion of fixed asset investments at market value, and in accordance with the Companies Act 2006 and the Statement of Recommended Practice: Accounting and Reporting by Charities issued in March 2005.
1b. Fund Accounting
-
Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity.
-
Unrestricted funds include a revaluation reserve representing the restatement of investment assets at market value.
-
Designated funds are unrestricted funds earmarked by the Management Committee for particular purposes.
-
Restricted funds are subjected to restrictions on their expenditure imposed by the donor or through the terms of an appeal.
1c. Incoming Resources
All incoming resources are included in the statement of financial activities when the charity is entitled to the income and the amount can be quantified with reasonable accuracy. The following specific policies are applied to particular categories of income:
-
Voluntary resources are included in the statement of financial activities when the charity is entitled to the income and the amount can be quantified with reasonable accuracy. The following specific policies are applied to particular categories of income:
-
Donated services and facilities are included at the value to the charity where this can be quantified. The value of services provided by volunteers has not been included in these accounts.
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Investment income is included when receivable.
-
Incoming resources from charitable trading activity are accounted for when earned.
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Incoming resources from grants, where related to performance and specific deliverables, are accounted for as the charity earns the right to consideration by its performance.
1d. Resources Expended
Expenditure is recognised on an accrual basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is reported as part of the expenditure to which it relates.
- Costs of generating funds comprise the costs associated with attracting voluntary income and the costs of trading for
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fundraising purposes.
- Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
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Canaan Christian Trust
Charity Number: 284117
Notes Forming Part of the Financial Statements For the Year Ended 31st March 2025
1d. Resources Expended Continued …
● Governance costs include those costs associated with meeting the constitutional and statutory requirements of the For thecharity and include the audit fees and costs linked to the strategic management of the charity.
- All costs are allocated between the expenditure categories of the SOFA on a basis designed to reflect the use of the resource. Costs relating to a particular activity are allocated directly, others are apportioned on an appropriate basis e.g. floor areas, per capita or estimated usage as set out in Note 4.
1e. Fixed Assets
Fixed assets (excluding investments) are stated at cost less accumulated depreciation. The costs of minor additions or those costing below £1,00- are not capitalised. Depreciation is provided at rates calculated to write off the cost of each asset over its expected useful life, which in all cases is estimated at 4 years.
2. Taxation
As a charity they are exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or S256 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects. No tax charges have arisen in the Charity.
3. Tangible Fixed Assets
4.
5.
| Prayer | Fixtures | Freehold | Property | Caravan | Mini | Computer | Mobile | Total | ||
|---|---|---|---|---|---|---|---|---|---|---|
| Chalet | & Fittings | Property | Improvements | Bus | Home | |||||
| Cost | ||||||||||
| At 1st April 2024 | 4050.00 | 36,808.00 | 125,239.00 | 25,178.00 | 4,765.00 | 28,810.00 | 1,318.00 | 12,500.00 | 238,668.00 | |
| Additions / Disposals | 0.00 | |||||||||
| At 31st March 2025 | 4050.00 | 36,808.00 | 125,239.00 | 25,178.00 | 4,765.00 | 28,810.00 | 1,318.00 | 12,500.00 | 238,668.00 | |
| Accumulated Depreciation | ||||||||||
| At 1st April 2024 | 2638.00 | 32,553.00 | 4,765.00 | 25,915.00 | 409.00 | 6,577.00 | 72,857.00 | |||
| Charge for the year | 141.00 | 678.00 | 521.00 | 86.00 | 592.00 | 2,018.00 | ||||
| At 31st March 2025 | 2779.00 | 33,231.00 | - | - | 0.00 | 26,436.00 | 495.00 | 7,169.00 | 70,110.00 | |
| Net Book Value | ||||||||||
| At 1st April 2024 | 1412.00 | 4,255.00 | 125,239.00 | 25,178.00 | 2,895.00 | 909.00 | 5,923.00 | 165,811.00 | ||
| At 31st March 2025 | 1271.00 | 3,577.00 | 125,239.00 | 25,178.00 | 2,374.00 | 823.00 | 5,331.00 | 163,793.00 | ||
| Debtors | 2025 | 2024 | ||||||||
| Prepayments | 2,564.00 | 2,306.00 | ||||||||
| Creditors - | ||||||||||
| Amounts Falling Due Within One Year: | ||||||||||
| Creditors And Accruals | 745.00 | 500.00 |
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