Docusign Envelope ID: EE364EE6-3504-473D-8ECE-CC095E7EF20A
CHARITY REGISTRATION NUMBER: 294519
Christian Enterprise Foundation
Unaudited independently examined financial statements
31 March 2025
Docusign Envelope ID: EE364EE6-3504-473D-8ECE-CC095E7EF20A
Christian Enterprise Foundation
Financial statements
Year ended 31 March 2025
| Page | |
|---|---|
| Trustees' annual report | 1 |
| Independent examiner's report to the trustees | 5 |
| Statement of financial activities | 6 |
| Balance sheet | 7 |
| Notes to the financial statements | 8 |
Docusign Envelope ID: EE364EE6-3504-473D-8ECE-CC095E7EF20A
Christian Enterprise Foundation
Trustees' annual report
Year ended 31 March 2025
The trustees present their report and the unaudited financial statements of the charity for the year ended 31 March 2025.
The financial statements have been prepared in accordance with the accounting policies set out in notes to the accounts and comply with the charity's governing document, the Charities Act 2011 and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland published in October 2019.
Reference and administrative details
Registered charity name Christian Enterprise Foundation Charity registration number 294519 Principal office c/o Lakenheath Peace Memorial Hall High Street Lakenheath Suffolk IP27 9EW
The trustees
The trustees who served during the year and at the date of approval were as follows:
E Neal (Chairman) H Brown S Cook V Little R Radcliffe I Smith Independent examiner A Robinson FCA Lovewell Blake LLP Chartered accountants First Floor Suite 2 Hillside Business Park Bury St Edmunds IP32 7EA
- 1 -
Docusign Envelope ID: EE364EE6-3504-473D-8ECE-CC095E7EF20A
Christian Enterprise Foundation
Trustees' annual report (continued)
Year ended 31 March 2025
Objectives and activities
The governing document of the Charity states that the primary purposes of the entity are the advancement of the Christian Faith and; the provision, or assistance in the provision of facilities to relieve persons over the age of 65 years when they are in need, and the provision, or assistance in the provision of facilities for the benefit of the inhabitants of Lakenheath and surrounding area for their education, recreation and other leisure-time occupation so that their conditions of life may be improved and so that their moral and spiritual welfare may be promoted.
-
The Charity supports schemes that will benefit the inhabitants of Lakenheath and the surrounding area by: Making grants to other organisations.
-
Providing other finance.
-
Other charitable activities.
-
Making grants to individuals, although the charity rarely makes grants to individuals and only in very exceptional cases.
Public benefit
The Charity aims to benefit:
-
Children/young people.
-
Elderly/old people.
-
People with disabilities.
-
Other charities or voluntary bodies.
-
Other defined groups.
In shaping our objectives for the year and planning our activities, the Trustees have considered the Charity Commissions guidance on public benefit when setting the objectives for the year.
The Trustees confirm that they have complied with the duty in section 4 of the Charities Act 2011.
Grant making policy
The Trustees consider all application for grants on their own merits.
Investment policy
The Trustees have consulted independent financial advisors with the aim of wealth preservation and developing an income for the Charity. The Trustees consider that the investments have performed satisfactorily in the current difficult economic climate.
The freehold properties are let on tenancies of varying length to provide ongoing income and are managed by the Trustees. The Trustees have discussed the value of the freehold investment properties and agreed that there has been no material change.
- 2 -
Docusign Envelope ID: EE364EE6-3504-473D-8ECE-CC095E7EF20A
Christian Enterprise Foundation
Trustees' annual report (continued)
Year ended 31 March 2025
Achievements and performance
During the year 19 (2024: 15) grants totalling £52,844 (2024: £46,834) were made to local groups and grants to individuals during the year amounted to £Nil (2024: £Nil).
Below are details of the activities which have been funded:
Lakenheath Primary School To support additional teaching and teaching support Elveden Estates For Christmas Trees Lakenheath Methodist Church Projector maintenance and cameras to enable online streaming Lakenheath Football Club Supporting the extension of the football pitch Lakenheath Scouts Help with costs to run their summer camp Epic Dad Club For the purchase of equipment for the scheme Lakenheath Peace Memorial Hall For 2nd hand instruments and amplifiers for a music group Youth Football For a new storage container for lawn mower and equipment Monday Club Help with costs Lakenheath Foodbank Help with costs Silver band Help with costs Camera Club Help with costs Queyside For a TV license Lakenheath Parent Toddler for play equipment
Financial review
The Charity’s financial activities for the year are shown in the Statement of Financial Activities within these financial statements. This shows the main sources of funds is considered to be income from investments which amounted to £25,115 (2024: £16,100). Total expenditure amounted to £56,327 (2024: £59,711) of which £55,934 (2024: £46,834) related to grants and donations paid. Cash balances increased significantly as a result of the sale of 6 Wings Road Close to £177,959 (2024: £27,108).
After the year’s activities a balance of unrestricted funds amounted to £623,924 (2024: £658,423).
Reserves policy
The Charity relies on investment income to fund its charitable activities. It is the policy of the Charity that, excluding funds invested, funds should be maintained at a level that enables it to meet future commitments until further investment income is received.
Current free reserves, unrestricted funds amounted to £623,924 (2024: £658,423) and endowment funds amounted to £381,523 (2024: 391,457).
Cash funds net of liabilities are £174,929 (2024: £19,428) and the Trustees aim to hold up to £40,000 (2024: £40,000). The Charity's increased cash funds relate to the sale of property. With the decrease in interest rates it intends to review the level of cash held in 2025/26 to ensure the objects can be met together with the best return on funds.
Plans for future periods
The Charity aims to continue its activities into the year end 31 March 2026 with the objective to support those individual and beneficiaries as listed in the Trustees report for the foreseeable future.
- 3 -
Docusign Envelope ID: EE364EE6-3504-473D-8ECE-CC095E7EF20A
Christian Enterprise Foundation
Trustees' annual report (continued)
Year ended 31 March 2025
Structure, governance and management
Christian Enterprise Foundation was established under a trust deed dated 30 January 1986 and was approved by the HMRC Charity Division and is registered with the Charity Commission (registration number 294519). The charity is governed by a Charity Commission Scheme dated 15 August 2001.
Organisational structure
Christian Enterprise Foundation has a board of six Trustees who hold regular bi-monthly meetings. Extra meetings are held if required. The Trustees take responsibility for the day to day running of the Charity.
Recruitment and appointment of trustees
New Trustees are identified and appointed by the existing Trustees. The Trustees who served during the year and up to the date of signing this report are listed on the reference and administration details page of these financial statements.
Neither the Trustees nor persons connected with them received any remuneration, other benefits or reimbursement of expenses from Christian Enterprise Foundation or any connected organisation.
Induction and training of new trustees
On appointment all Trustees are provided with a copy of the Trust Deed, Charity Commission Guidelines for Trustees and a copy of the latest accounts.
Risk Management
The Trustees are responsible for the management of the risks faced by the Charity. The key control is the close involvement of the Trustees in the day to day running of the Charity. The Trustees are satisfied that the major risks identified have been adequately mitigated where necessary. It is recognised that systems can only provide reasonable but not absolute assurance that major risks have been adequately managed.
True and fair override
The financial statements have been prepared to give a true and fair' view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide atrue and fair view'. This departure has involved following the Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland issued in October 2019 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.
Independent examiner reappointment
A resolution to appoint A Robinson FCA of Lovewell Blake LLP as independent examiner will be proposed at the next Annual General Meeting.
18/11/2025
The trustees' annual report was approved on .............................. and signed on behalf of the board of trustees by:
E Neal (Chairman) I Smith Trustee Trustee
- 4 -
Docusign Envelope ID: EE364EE6-3504-473D-8ECE-CC095E7EF20A
Christian Enterprise Foundation
Independent examiner's report to the trustees of Christian Enterprise Foundation
Year ended 31 March 2025
I report to the charity trustees on my examination of the financial statements of the charity for the year ended 31 March 2025 which comprise the statement of financial activities, balance sheet and the related notes.
Responsibilities and basis of report
As the charity's trustees you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (‘the Act’).
I report in respect of my examination of the charity's financial statements carried out under section 145 of the Act and in carrying out my examination I have followed all the applicable 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 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 financial statements do not accord with those records; or
-
the financial statements 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.
Your attention is drawn to the fact that the Charity has prepared the accounts (financial statements) in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has since been withdrawn.
I understand that this has been done in order for the accounts to provide a true and fair view in accordance with the Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.
A Robinson FCA Independent Examiner
Lovewell Blake LLP Chartered accountants First Floor Suite 2 Hillside Business Park Bury St Edmunds IP32 7EA 18/11/2025
- 5 -
Docusign Envelope ID: EE364EE6-3504-473D-8ECE-CC095E7EF20A
Christian Enterprise Foundation
Statement of financial activities
Year ended 31 March 2025
| 2025 | 2024 | ||||
|---|---|---|---|---|---|
| Unrestricted | Endowment | ||||
| funds | funds | Total funds | Total funds | ||
| Note | £ | £ | £ | £ | |
| Income and endowments | |||||
| Investment income | 4 | 25,115 | – | 25,115 | 16,100 |
| Other income | 5 | 1,458 | – | 1,458 | 6,193 |
| -------------------------- | ------------- | -------------------------- | -------------------------- | ||
| Total income | 26,573 | – | 26,573 | 22,293 | |
| ========================== | ============= | ========================== | ========================== | ||
| Expenditure | |||||
| Charitable activities | 6 | 55,934 | – | 55,934 | 58,027 |
| Other expenditure | 7 | 393 | – | 393 | 1,684 |
| -------------------------- | ------------- | -------------------------- | -------------------------- | ||
| Total expenditure | 56,327 | – | 56,327 | 59,711 | |
| ========================== | ============= | ========================== | ========================== | ||
| Net (expenditure)/income and net | |||||
| movements in funds before gains and | |||||
| losses on investments | (29,754) | – | (29,754) | (37,418) | |
| Net (losses)/gains on investments | 8 | (4,745) | (9,934) | (14,679) | 118,163 |
| -------------------------- | ---------------------- | -------------------------- | ------------------------------- | ||
| Net (expenditure)/income and net | |||||
| movement in funds | (34,499) | (9,934) | (44,433) | 80,745 | |
| ========================== | ====================== | ========================== | =============================== | ||
| Reconciliation of funds | |||||
| Total funds brought forward | 658,423 | 391,457 | 1,049,880 | 969,135 | |
| ------------------------------- | ------------------------------- | --------------------------------------- | --------------------------------------- | ||
| Total funds carried forward | 623,924 | 381,523 | 1,005,447 | 1,049,880 | |
| =============================== | =============================== | ======================================= | ======================================= |
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
The notes on pages 8 to 14 form part of these financial statements.
- 6 -
Docusign Envelope ID: EE364EE6-3504-473D-8ECE-CC095E7EF20A
Christian Enterprise Foundation
Balance sheet
31 March 2025
| 2025 | 2024 | 2024 | |||
|---|---|---|---|---|---|
| Note | £ | £ | £ | £ | |
| Fixed assets | |||||
| Investments | 11 | 830,518 | 840,452 | ||
| Current assets | |||||
| Investments | 12 | – | 190,000 | ||
| Cash at bank and in hand | 177,959 | 27,108 | |||
| ------------------------------- | ------------------------------- | ||||
| 177,959 | 217,108 | ||||
| Creditors: Amounts falling due within | |||||
| one year | 13 | (3,030) | (7,680) | ||
| ------------------------------- | ------------------------------- | ||||
| Net current assets | 174,929 | 209,428 | |||
| --------------------------------------- | --------------------------------------- | ||||
| Total assets less current liabilities | 1,005,447 | 1,049,880 | |||
| --------------------------------------- | --------------------------------------- | ||||
| Net assets | 1,005,447 | 1,049,880 | |||
| ======================================= | ======================================= | ||||
| Funds of the charity | |||||
| Endowment funds | 381,523 | 391,457 | |||
| Unrestricted funds | 623,924 | 658,423 | |||
| --------------------------------------- | --------------------------------------- | ||||
| Total charity funds | 14 | 1,005,447 ======================================= |
1,049,880 ======================================= |
These financial statements were approved by the board of trustees and authorised for issue on 18/11/2025 ........................, and are signed on behalf of the board by:
EO) NM ewe TLS Gah E Neal (Chairman) I Smith Trustee Trustee
The notes on pages 8 to 14 form part of these financial statements.
- 7 -
Docusign Envelope ID: EE364EE6-3504-473D-8ECE-CC095E7EF20A
Christian Enterprise Foundation
Notes to the financial statements
Year ended 31 March 2025
1. General information
The charity is a public benefit entity and a registered charity in England and Wales and is unincorporated. The address of the principal office is c/o Lakenheath Peace Memorial Hall, High Street, Lakenheath, Brandon, Suffolk, IP27 9 EW.
2. Statement of compliance
The charity constitutes a public benefit entity as defined by FRS 102. The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102), the Charities Act 2011 and UK Generally Accepted Accounting Practice.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and investment properties measured at fair value through income or expenditure.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
The accounts have been prepared on the going concern basis and the Trustees believe that no material uncertainties exist. The Trustees have considered the level of funds held and the expected income and expenditure for the next 12 months from authorising these financial statements. The budgeted income and expenditure is sufficient with the level of reserves for the charity to be able to continue as a going concern.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
The Trustees have considered that there are no critical accounting estimates or critical areas of judgement to disclose within these financial statements.
Income tax
As an unincorporated charity, the activities are exempt from United Kingdom Income and Corporation taxation, provided that the income is applied to charitable purposes.
Fund accounting
Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes.
Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes: restricted income funds or endowment funds.
- 8 -
Docusign Envelope ID: EE364EE6-3504-473D-8ECE-CC095E7EF20A
Christian Enterprise Foundation
Notes to the financial statements (continued)
Year ended 31 March 2025
3. Accounting policies (continued)
Income
All income is included in the statement of financial activities when entitlement has passed to the charity, it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income:
-
income from investments is recognised when the receipt is probable and can be reliably measured.
-
rental income is recognised with the delivery of each rental contract.
Expenditure
Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates:
-
expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities.
-
other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities.
All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis.
Investments
Unlisted equity investments are initially recorded at cost, and subsequently measured at fair value. If fair value cannot be reliably measured, assets are measured at cost less impairment.
Listed investments are measured at fair value with changes in fair value being recognised in income or expenditure.
Investment property
Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure.
Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in income or expenditure.
If a reliable measure of fair value is no longer available without undue cost or effort for an item of investment property, it shall be transferred to tangible assets and treated as such until it is expected that fair value will be reliably measurable on an on-going basis.
- 9 -
Docusign Envelope ID: EE364EE6-3504-473D-8ECE-CC095E7EF20A
Christian Enterprise Foundation
Notes to the financial statements (continued)
Year ended 31 March 2025
3. Accounting policies (continued)
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted.
Debt instruments are subsequently measured at amortised cost.
4. Investment income
| Unrestricted | Total Funds | Unrestricted | Total Funds | |
|---|---|---|---|---|
| Funds | 2025 | Funds | 2024 | |
| £ | £ | £ | £ | |
| Bank interest | 1,452 | 1,452 | 249 | 249 |
| COIF interest | 23,663 | 23,663 | 15,851 | 15,851 |
| -------------------------- | -------------------------- | -------------------------- | -------------------------- | |
| 25,115 | 25,115 | 16,100 | 16,100 | |
| ========================== | ========================== | ========================== | ========================== |
5. Other income
| Unrestricted | Total Funds | Unrestricted | Total Funds | |
|---|---|---|---|---|
| Funds | 2025 | Funds | 2024 | |
| £ | £ | £ | £ | |
| Bungalow rent received | 58 | 58 | 4,230 | 4,230 |
| Land rent received | 1,400 | 1,400 | 1,400 | 1,400 |
| Other income | – | – | 563 | 563 |
| ---------------------- | ---------------------- | ---------------------- | ---------------------- | |
| 1,458 | 1,458 | 6,193 | 6,193 | |
| ====================== | ====================== | ====================== | ====================== |
- 10 -
Docusign Envelope ID: EE364EE6-3504-473D-8ECE-CC095E7EF20A
Christian Enterprise Foundation
Notes to the financial statements (continued)
Year ended 31 March 2025
6. Expenditure on charitable activities
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||
|---|---|---|---|---|---|
| Funds | 2025 | Funds | 2024 | ||
| £ | £ | £ | £ | ||
| Grants and donations paid | 52,844 | 52,844 | 46,834 | 46,834 | |
| Support costs | 3,090 | 3,090 | 11,193 | 11,193 | |
| -------------------------- | -------------------------- | -------------------------- | -------------------------- | ||
| 55,934 | 55,934 | 58,027 | 58,027 | ||
| ========================== | ========================== | ========================== | ========================== | ||
| Analysis of support costs | |||||
| 2024 | 2023 | ||||
| £ | £ | ||||
| Independent examiners fee | 3,030 | 1,094 | |||
| Sundry expenses | – | 156 | |||
| Bank charges | 60 | 97 | |||
| ---------------------- | ---------------------- | ||||
| 3,090 | 1,347 | ||||
| ====================== | ====================== | ||||
| 7. | Other expenditure |
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||
|---|---|---|---|---|---|
| Funds | 2025 | Funds | 2024 | ||
| £ | £ | £ | £ | ||
| Bungalow expenses | 393 | 393 | 1,684 | 1,684 | |
| ============= | ============= | ====================== | ====================== | ||
| 8. | Net (losses)/gains on investments | ||||
| Unrestricted | Endowment | Total Funds | |||
| Funds | Funds | 2025 | |||
| £ | £ | £ | |||
| Gains/(losses) on listed investments | – | (9,934) | (9,934) | ||
| Gains on investment property | (4,745) | – | (4,745) | ||
| ---------------------- | ---------------------- | -------------------------- | |||
| (4,745) | (9,934) | (14,679) | |||
| ====================== | ====================== | ========================== | |||
| Unrestricted | Endowment | Total Funds | |||
| Funds | Funds | 2024 | |||
| £ | £ | £ | |||
| Gains/(losses) on listed investments | – | 38,163 | 38,163 | ||
| Gains on investment property | 80,000 | – | 80,000 | ||
| -------------------------- | -------------------------- | ------------------------------- | |||
| 80,000 | 38,163 | 118,163 | |||
| ========================== | ========================== | =============================== | |||
| 9. | Independent examination fees | ||||
| 2025 | 2024 | ||||
| £ | £ | ||||
| Fees payable to the independent examiner for: | |||||
| Independent examination of the financial statements | 3,030 ====================== |
2,940 ====================== |
10. Trustee remuneration and expenses
No trustees received any remuneration or reimbursed expenses during this or the prior year.
- 11 -
Docusign Envelope ID: EE364EE6-3504-473D-8ECE-CC095E7EF20A
Christian Enterprise Foundation
Notes to the financial statements (continued)
Year ended 31 March 2025
11. Investments
| Listed | Investment | ||
|---|---|---|---|
| investments | properties | Total | |
| £ | £ | £ | |
| Cost or valuation | |||
| At 1 April 2024 | 740,452 | 100,000 | 840,452 |
| Additions | – | – | – |
| Fair value movements | (9,934) | – | (9,934) |
| ------------------------------- | ------------------------------- | ------------------------------- | |
| At 31 March 2025 | 730,518 | 100,000 | 830,518 |
| =============================== | =============================== | =============================== | |
| Impairment | |||
| At 1 April 2024 and 31 March 2025 | – | ||
| =============================== | |||
| Carrying amount | |||
| At 31 March 2025 | 730,518 | 100,000 | 830,518 |
| =============================== | =============================== | =============================== | |
| At 31 March 2024 | 740,452 | 100,000 | 840,452 |
| =============================== | =============================== | =============================== |
All investments shown above are held at valuation.
Investment properties
Investment properties have not been revalued by an independent valuer in this or the prior year.
The historical cost of investment property at the year end is £100,000 (2024: £100,000).
Financial assets held at fair value
Fair value is determined by an externally provided investment portfolio managed by Lovewell Blake Financial Planning Limited at each reporting date.
The historical cost of listed investments at the year end is £630,000 (2024: £630,000).
12. Investments
| 2025 | 2024 | ||
|---|---|---|---|
| £ | £ | ||
| Investment properties held for sale | – | 190,000 | |
| ============= | =============================== | ||
| 13. | Creditors: Amounts falling due within one year | ||
| 2025 | 2024 | ||
| £ | £ | ||
| Accruals and deferred income | 3,030 | 7,680 | |
| ====================== | ====================== |
- 12 -
Docusign Envelope ID: EE364EE6-3504-473D-8ECE-CC095E7EF20A
Christian Enterprise Foundation
Notes to the financial statements (continued)
Year ended 31 March 2025
14. Analysis of charitable funds
Year ended 31 March 2025
Endowment funds
| Expenditur | Gains and | At 31 Mar | ||||
|---|---|---|---|---|---|---|
| At 1 Apr 2024 | Income | e | losses | Transfers | 2025 | |
| £ | £ | £ | £ | £ | ||
| Endowment fund | 391,457 | – | – | (9,934) | – | 381,523 |
| Unrestricted funds | ||||||
| General Fund | 658,423 | 26,573 | (56,327) | (4,745) | – | 623,924 |
| --------------------------------------- | -------------------------- | -------------------------- | -------------------------- | ------------- | --------------------------------------- | |
| 1,049,880 ======================================= |
26,573 ========================== |
(56,327) ========================== |
(14,679) ========================== |
– ============= |
1,005,447 ======================================= |
Year ended 31 March 2024
Endowment funds
| Expenditur | Gains and | At 31 Mar | ||||
|---|---|---|---|---|---|---|
| At 1 Apr 2023 | Income | e | losses | Transfers | 2024 | |
| £ | £ | £ | £ | £ | ||
| Endowment fund | 353,294 | – | – | 38,163 | – | 391,457 |
| Unrestricted funds | ||||||
| General Fund | 615,841 | 22,251 | (59,669) | 80,000 | – | 658,423 |
| ------------------------------- | -------------------------- | -------------------------- | ------------------------------- | ------------- | --------------------------------------- | |
| 969,135 | 22,251 | (59,669) | 118,163 | – | 1,049,880 | |
| =============================== | ========================== | ========================== | =============================== | ============= | ======================================= |
- 13 -
Docusign Envelope ID: EE364EE6-3504-473D-8ECE-CC095E7EF20A
Christian Enterprise Foundation
Notes to the financial statements (continued)
Year ended 31 March 2025
15. Analysis of net assets between funds
| 31 March 2025 | |||
|---|---|---|---|
| General | Endowment | Total | |
| Funds | Funds | Funds | |
| £ | £ | £ | |
| Investments | 450,000 | 380,518 | 830,518 |
| Current assets | 173,924 | 1,005 | 174,929 |
| ------------------------------- | ------------------------------- | --------------------------------------- | |
| Net Assets | 623,924 | 381,523 | 1,005,447 |
| =============================== | =============================== | ======================================= | |
| 31 March 2024 | |||
| General | Endowment | Total | |
| Funds | Funds | Funds | |
| £ | £ | £ | |
| Investments | 450,000 | 390,452 | 840,452 |
| Current assets | 208,423 | 1,005 | 209,428 |
| ------------------------------- | ------------------------------- | --------------------------------------- | |
| Net Assets | 658,423 | 391,457 | 1,049,880 |
| =============================== | =============================== | ======================================= |
16. Related parties
There were no related party transactions in this or the prior year.
- 14 -