THE AXE VALLEY CHRISTIAN TRUST TRUSTEES, ANNUAL REPORT & FINANCIAL STATEMENTS YEAR ENDED 30 SEPTEMBER 2025 Charity Number: 285783
THE AXEVALLEY CHRISTIAN TRUST FINANCIAL STATEMENTS YEAR ENDED 30 SEPTEMBER 2025 Contents Pages Reference & Administrative Information Trustees, Annual Report Independent Examiner's Report Receipts and Payments Account Statement of Assets and Liabilities io
THE AXEVALLEY CHRISTIAN TRUST REFERENCE & ADMINISTRATIVE INFORMATION YEAR ENDED 30 SEPTEMBER 2025 The Axe Valley Christian Trust is constituted by Trust Deed dated 1st October 1982 and is a registered charity. Trustees J Randall- Chairperson A Wilson J Thorpe Charity registration number 285783 Registered address PO Box 659 BRISTOL BS34 9LU Independent Examlner Joshua Kingston Bsc FCA Burton Sweet Ltd, The Clock Tower 5 Farleigh Court Old Weston Road Flax Bourton Bristol BS48 IUR
THE AXEVALLEY CHRISTIAN TRUST TRUSTEES, ANNUAL REPORT YEAR ENDED 30 SEPTEMBER 2025 Structure, Governance and Management The Axe Valley Christian Trust is a registered charity governed by its Constitution and led by a Board of Trustees who meet quarterly. A person who is willing and eligible to act as a trustee, and who would not be disqualified from this action, may be appointed to be a trustee by a decision of the trustees. Trustees with relevant knowledge, skills or experience are appointed for the effective administration of the charity. Any decision of the trustees must be either by decision of a majority of the trustees present and voting at a quorate trustees, meeting, or when the majority of trustees have indicated to all the trustees by any means (including email) that they share a common view on a matter. Objects, organisation and activities The charity is established to promote the discipleship and mentoring of primarily young people in the Christian Faith, through the Upcott Christian community and in accordance with the Basis of Belief, including.. o training in Christian work and service o teaching Christianity to people o to minister to the needs of people as God direrts o supporting the promotion of the Christian Gospel as God directs. In the event of the Upcott Christian Community ceasing to function, the above aims are to be carried out as the Trustees deem fit in accordance with the Basis of Belief. Publlc Beneflt The Trustees confirm that they have complied with the duty in section 17 of the Charities Act 2011 to have regard to the guidance issued by the Charity Commission on public benefit.
THE AXEVALLEY CHRISTIAN TRUST TRUSTEES, ANNUAL REPORT YEAR ENDED 30 SEPTEMBER 2025 Review of progress and achievements We have seen the continued development of the mentoring and leadership programs, and we have been working on developing partnerships with other churches and organisations where we can establish long term mutually fruitful relationships. The year-round discipleship programs continue to run, making more of these sessions in person where feasible. Also, the young leaders, program is progressing well, as we equip our young people to become leaders in their own right, on our own weeks and courses as well as in other settings. A significant part of our work is funded by the incomelgains from our investment portfolio, managed by professional wealth managers. Our investment policy is to invest in low to medium risk ethical investments. During the financial year investment performance in general was lower than in the previous year, due to global volatilities, and we withdrew slightly more money than was earned/gained on the portfolio. We continue to review the performance of our wealth managers and are satisfied that they are managing the performance of our investments in line with market performance. We continue to assess and shape the work of the Trust on an ongoing basis to ensure we achieve our vision in the best possible way. We extend our warmest thanks to all our supporters, financial and otherwise, and volunteers for their continued support of our work. Future Plans In accordance with the general recommendations of the Charities Commission that the new legal form of a Charitable Incorporated Organisation ICIOI is a more suitable format for charities to operate under, the operations and assets of Avct have been transferred to the Upcott Christian Trust Icharity no. 12106041 on 0110812025. The objectives and activities of AVCT will continue unchanged under the Upcott Christian Trust IUCTI. The UCT plans to continue the activities outlined above in forthcoming years and to continue to continue to build the number of people we are supporting with our activities, as well as the resource to provide these activities. This will include forming partnerships with like- minded organisations to support them in the development needs of their people and activities.
THE AXEVALLEY CHRISTIAN TRUST TRUSTEES, ANNUAL REPORT YEAR ENDED 30 SEPTEMBER 2025 Financial Review As the charity's income is below £250,000, the accounts for this financial year have been prepared on a receipts and payments basis, therefore the 2024 figures have been restated on a receipts and payments basis. For the 2025 financial year. receipts comprised £16,882 12024- £17.362 restated comparativel, with sales of investments of £62,158. Total payments were £69,57112024: £61,975 restated comparativel. with purchases of investments of £16,625. At 30 September 2025, £112 remained in the unincorporated charity's bank account and was planned to be transferred to the CIO after the year end. Reserves Pollcy The trustees have examined the charity's requirements for reserves in light of the key operational, governance, compliance and risks to the organisation. Given that AVCT is winding up land continuing as UCTI, reserves will be held by the CIO going forward.
THE AXEVALLEY CHRISTIAN TRUST TRUSTEES, ANNUAL REPORT YEAR ENDED 30 SEPTEMBER 2025 Statement of trustees, responsibilities The trustees are responsible for preparing the Trustees, Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards including Financial Reporting Standard 102.. The Financial Reporting Standard applicable in the UK and Republic of Ireland Iunited Kingdom Generally Accepted Accounting Practice). The law applicable to charities in England & Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the income and expenditure of the charity for that period. In preparing these financial statements, the trustees are required to: select suitable accounting policies and then apply them consistently,. observe the methods and principles in the Charities SORP; make judgments and accounting estimates that are reasonable and prudent. state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business. The trustees are responsible for keeping sufficient accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011. the Charity (Accounts and Reportsl Regulations 2008 and the provisions of the trust deedlconstitution. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. 10 !uly.2026 Approved by the Board of Trustees on ... and signed on its behalf by: J Randall Chair of Trustees
THE AXEVALLEY CHRISTIAN TRUST INDEPENDENT EXAMINER'S REPORT YEAR ENDED 30 SEPTEMBER 2025 Independent examiner's report to the trustees of The Axe Valley Christian Trust I report to the trustees on my examination of the accounts of The Axe Valley Christian Trust (the Charity) for the year ended 30 September 2025. Responsibilities and basis of report As the charity trustees of The Axe Valley Christian Trust, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 I'the Act'l. I report in respect of my examination of the Charity's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 14515llbl 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.. accounting records were not kept in respect of the Charity as required by section 130 of the Act- or the accounts do not accord with those record5,' or 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. 02kkn LL gl Joshua Kingston Bsc FCA Burton Sweet Limited The Clock Tower 5 Farleigh Court Old Weston Road Flax Bourton Bristol BS48 IUR Date: 1 Q. July.2.Q2.fj..........
THE AXE VALLEY CHRISTIAN TRUST RECEIPTS AND PAYMENTS ACCOUNT YEAR ENDED 30 SEPTEMBER 2025 Unrestricted Funds Restricted Total Funds Funds 2025 Total Funds 2024 RECEIPTS Donations Upcott Ministry Leaders Miscellaneous income Bank and other interest Gift Aid tax rebate Investment income Sub total (Gross income forARJ Sale of Investments 8,888 8.888 10,436 620 480 516 2,800 891 2,800 891 1,793 2,506 16,882 1,793 2,506 16,882 62.158 79.040 2,171 3,135 17,362 62,158 79.040 225,365 242,727 TOTAL RECEIPTS PAYMENTS Direct expenses Food and provisions 547 547 375 Costs of charitable activitie5 Salaries Youlhwork Insuran¢e Training Office costs and publicity Telephone Travel Legal & professional fees Accountancy Portfolio management fees Sundry Expenses Subscriptions and licences EqLJipment Transfers lo UCT Sub total 39,036 1,126 724 793 833 120 1,429 2,151 350 7,463 39.036 1,126 724 793 833 120 1,429 2.151 350 7.463 44,703 1,244 696 90 1,518 144 1,668 1,947 350 7,586 1,028 350 276 324 324 14,668 69,571 16,625 86,196 14.668 69,571 16.625 86,196 61,975 179,927 241,902 Purchase of Investments TOTAL PAYMENTS NET RECEIPTSIIPAYMENTSI {7.1561 {7,1561 825 Cash funds 30 Septembgr 2024 7,268 7.268 6,443 Cash fund$ 30 S•ptomber 2025 112 112 7,268
THE AXE VALLEY CHRISTIAN TRUST STATEMENT OF ASSETS AND LIABILITIES YEAR ENDED 30 SEPTEMBER 2025 Total Funds 2025 Total Funds 2024 Cash funds Bank and cash balances Investments cash balances 112 1,347 5,921 Total cash funds 112 7,268 Fixed Assets Tangible assets- Equipment at NPV Investments at Market Value 2,102 664,424 666,526 Current Assets Gift aid reclaims 776 776 Liabilities Accruals and Loans 11,6401 1,640 Cash fund balances at 30 September 2025 Balan¢¢ at 30 Sep 2024 Balance at 30 Sep 2025 Receipts Payments Unrestricted funds General fund 7,268 79,040 186,1961 112 Total 7.268 79.040 {86.1961 112 These fi'nancial statement were approved by the trustees on 10 July. 2026 .and are signed on their behalf by.. J Randall Chair of Trustees 10