2020-12-31-accounts - Green Hills Christian Trust Limited

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

Charity Registration No: 305954

Company Registration No. 00713487 (England and Wales)

GREEN HILLS CHRISTIAN TRUST LIMITED

(A COMPANY LIMITED BY GUARANTEE) TRUSTEES’ REPORT AND UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2020

Bristow Still Chartered Accountants

39 Sackville Road HOVE East Sussex BN3 3WD

GREEN HILLS CHRISTIAN TRUST LIMITED (A COMPANY LIMITED BY GUARANTEE) LEGAL AND ADMINISTRATIVE INFORMATION

Trustees

Secretary

Charity number Company number Principal address

Registered office

Independent examiner

Bankers

Solicitors

Mr G M Knowles Mrs M A Whitchurch Mrs C Knowles Mr DG Howling Mr N Doney Mrs E S Burt

Mr G M Knowles

305954 00713487

1 Riverside Cottages Riverside, Upper Beeding West Sussex BN44 3HW

39 Sackville Road Hove East Sussex BN3 3WD

Mr D Still FCA Bristow Still 39 Sackville Road Hove East Sussex BN3 3WD

National Westminster Bank Plc 5 Broadwater Street East Worthing West Sussex BN14 9AB

Rosemary E Hensby 20 Mulberry Lane, Goring by Sea Worthing West Sussex BN12 4NS

GREEN HILLS CHRISTIAN TRUST LIMITED (A COMPANY LIMITED BY GUARANTEE) CONTENTS

----- Start of picture text -----
||||||| |---|---|---|---|---|---| |Page| |Trustees’|report|1-2| |Statement|of trustees’|responsibilities|3| |Independent|examiners|report|4| |Statement|of financial|activities|5| |Summary|income|and|expenditure|account|6| |Balance|sheet|7|

----- End of picture text -----

Notes to the accounts

8-11

GREEN HILLS CHRISTIAN TRUST LIMITED (A COMPANY LIMITED BY GUARANTEE) TRUSTEES’ REPORT FOR THE YEAR ENDED 31 DECEMBER 2020

The trustees present their report and accounts for the year ended 31 December 2020.

The legal and administrative information together with the statement oftrustees’ responsibilities on page 3 form part of this report.

The accounts have been prepared in accordance with the accounting policies set out in note | to the accounts and comply with the charity's Memorandum and Articles of Association which were adopted on 5 September 2016 applicableCharities” issuedlaw andintheMarchrequirements2005. ofthe Statement of Recommended Practice, “Accounting and Reporting by

Structure, governance and management

The charity’s objects are for the public benefit and are restricted to the following. To advance the kingdom of Jesus Christ among young people including but not by way of limitation through the provision of financial support by way of grants for the Christian education and training of young people and their leaders and the facilitation of the spiritual, social and physical recreation, development and training of young people in Christian leadership for citizenship and Christian and social service.

The trustees, who are also the directors for the purpose of company law, and who served during the year were:

Mr G M Knowles Mrs M A Whitchurch Mrs C Knowles Mr D G Howling Mr N Doney Mrs E S Burt

Nonecharitableofthe trustees has any beneficial interest in the charitable company. All ofthe trustees are members ofthe company and guarantee to contribute £1 in the event of winding up.

The charity is managed by a board of trustees who meet frequently to determine policy, to consider applications for grants and to deal with other administrative matters arising. The trust depends wholly on the services of unpaid volunteers for its administration.

Prospective trustees are approached to act as trustees due to their connection with the church and are made aware oftheir responsibilities as trustees and members. Given the nature ofthe[charity’s][activities] no formal[induction] or training is considered to be required. The trustees are aware oftheir[responsibilities] and[take] advice from[the] Charity Commission and professional advisers as the need arises.

All investments held by the trust have been acquired in accordance with powers available to the trustees.

As part of the annual reporting process the trustees have identified the major risks to which the trust is exposed, have reviewed these, and ensured that systems have been established to mitigate those risks. The trustees are aware of the risks of holding stock exchange investments in the charity’s portfolio, but the risks are justified because of the historical fact that over the long term such investments are likely to maintain at least their real value.

GREEN HILLS CHRISTIAN TRUST LIMITED (A COMPANY LIMITED BY GUARANTEE) TRUSTEES’ REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2019

Objectives and activities

The trust’s capital is mainly held in investments to provide an income from which grants are made to organisations active in Christian youth work. There has been no change in these during the year. The trust has continued its policy of distributing a portion ofits income as grants, as mentioned, and of retaining the remainder to maintain the value in real terms of its capital base.

The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the trust should undertake.

The trust makes grants with regard to the current year’s income. It does not usually agree to a series of payments to any one beneficiary, It is not the trust’s policy to grant more than the current year’s income.

Achievements and performance

Total expenditure exceeded income in the year by £3.723 (2019 excess ofincome of £1.826).

Financial review

The trustees are satisfied with the surplus achieved for the year, and anticipate that the trust will have resources available for distribution to worthy causes in the forthcoming vear.

It is the policy ofthe trust to retain sufficient reserves to support their assets which enable the grant levels to be maintained. This is justified by the need to generate income indefinitely to fulfil the charity’s objectives.

This report has been prepared in accordance with the special provisions relating to small companies within Part 15 of theCompanies Act 2006.

On behalfof the Board of trustees.

----- Start of picture text -----
[2
----- End of picture text -----

Mr D G Howling Trustee 19 April 2021.

GREEN HILLS CHRISTIAN TRUST LIMITED (A COMPANY LIMITED BY GUARANTEE) STATEMENT OF TRUSTEES’ RESPONSIBILITIES

The trustees, who are directors of Green Hills Christian Trust Limited for the purpose of company law, are responsible for preparing the Trustees’ Report and the accounts in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the trustees to prepare account for each financial year which gives a true and fair view of the state of affairs of the trust and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that year.

In preparing these accounts, the trustees are required to:

select suitable accounting policies and then apply them consistently;
observe the methods and principles in the Charities SORP:
make judgements and estimates that are reasonable and prudent; and
prepare the accounts on the going concern basis unless it is inappropriate to presume that the trust will continue in operation.

The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the trust and enable them to ensure that the accounts comply with the Companies Act 2006. They are also responsible for safe guarding the assets of the trust and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

GREEN HILLS CHRISTIAN TRUST LIMITED (A COMPANY LIMITED BY GUARANTEE) INDEPENDENT EXAMINER’S REPORT

TO THE TRUSTEES OF GREEN HILLS CHRISTIAN TRUST LIMITED

I report on the accounts ofthe trust for the year ended 31 December 2020, which are set out on pages 5 to 11.

Respective responsibilities of trustees and examiner The trustees, who are also the directors of Green Hills Christian Trust Limited for the purposes of company law, are responsible for the preparation of the accounts. The trustees consider than an audit is not required for this year under section 144 of the Charities Act 2011, (The Act), and that an independent examination is needed.

Having satisfied myself that the charity is not subject to audit under company law and is eligible for independent examination, it is my responsibility to: (i) examine the accounts under section 145 of the Act; (ii) to follow the procedures laid down in the general Directions given by the Charity Commission under section 145(5)(b) of the Act; and
(iii) to state whether particular matters have come to my attention.

Basis of independent examiner’s report My examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not produce all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a ‘true and fair view’ and the report is limited to those matters set out in the statement below.

Independent examiner’s statement In connection with my examination, no matter has come to my attention: (a) which gives me reasonable cause to believe that in any material respect the requirements. (i) to keep in accounting records in accordance with section 386 of the Companies Act 2006 and; (ii) to prepare accounts which accord with the accounting records, comply with the accounting requirements of section 396 of the Companies Act 2006 and w ith the methods and principles of the Statement of Recommended Practice: Accounting and Reporting by Charities; have not been met; or
(b) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

----- Start of picture text -----
(ee ——
----- End of picture text -----

Mr DR Still FCA Bristow Still 39 Sackville Road Hove, East Sussex BN3 3WD

19 April 2021.

GREEN HILLS CHRISTIAN TRUST LIMITED (A COMPANY LIMITED BY GUARANTEE) STATEMENT OF FINANCIAL ACTIVITIES

FOR THE YEAR ENDED 31 DECEMBER 2020

		2020	2019
	Notes	3	£
Incoming resources
Incoming resources from generated funds
Donations		0	0
Investment income	2	31,748	34,095
		31,748	34,095
Resources expended	3
Charitable activities
Christian education and training ofyoung people		17,397	22,300
Operating costs		18,074	9,969
Total resources expended		35,471	32,269
Net incoming resources		-3,723	1,826
Other recognised gains and losses
Gains on investment assets		11,619	27,459
Net movement in funds		7,896	29,285
Fund balances at	January 2020		873,405
Fundbalancesat31December2020		881,301	873,405

The statement of financial activities has been prepared on the basis that all activities are continuing.

There are no recognised gains and losses other than those passing through the statement of financial activities

GREEN HILLS CHRISTIAN TRUST LIMITED (A COMPANY LIMITED BY GUARANTEE) SUMMARY INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 DECEMBER 2020

	2020	2019
	£	£
Total income	31,748	34,095
Total expenditure from income funds	35,471	32,269
Netincomefortheyear	-3,723	1,826

The summary income and expenditure account is derived from the statement of financial activities on page 5 which, together with the notes on pages 8 to | 1, provides full information on the movements during the year on all funds of[the][charity.]

GREEN HILLS CHRISTIAN TRUST LIMITED (A COMPANY LIMITED BY GUARANTEE) BALANCE SHEET

FOR THE YEAR ENDED 31 DECEMBER 2020

		2020		2019
	Notes	£	£	£	£
Fixed assets
Investments	3)		874.125		866.954
Current assets
Debtors		2.080		3.745
Cash at bank and in hand		8.396		2.970
		7.476		6.715
Creditors: amounts falling due
within one year	9	300		264
Net current liabilities			7.176		6.451]
Total assets less current liabilities			881.301		873.405
Income funds
Unrestricted income funds			424.033		427,756
Revaluation reserve			457,268		445.649
			881.301		873.405

The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 December 2020. No member of the company has deposited a notice. pursuant to section 476, requiring an audit of these accounts.

rhe directors acknowledge their responsibilities for ensuring that the company keeps accounting records which comply with section 386 of the Act and for preparing accounts which give a true and fair view ofthe state of affairs of the company as at the end of the financial year and of its incoming resources and application of resources, including its income and expenditure, for the financial year in accordance with the requirements of sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to accounts, so far as applicable to the company.

These financial statements have been prepared in accordance with the special provisions relating to small companies within Part 15 of theCompanies Act 2006,

The accounts were approved by the Board on 19 April 2021.

DG Howling M A Whitchurch Trustee Trustee : my fy } ~y

GREEN HILLS CHRISTIAN TRUST LIMITED (A COMPANY LIMITED BY GUARANTEE) NOTE TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2020

1 Accounting policies

1.1 Basis of preparation The accounts have been prepared under the historical cost convention modified to include the revaluation of certain fixed assets.

The trust has taken advantage of the exemption in Financial Reporting Standard Number | from the requirement to produce a cash flow statement on the grounds that it is a small trust.

The accounts have been prepared in accordance with applicable accounting standards, the Statement of Recommended Practice, “Accounting and Reporting by Charities”, issued in March 2005 and the Companies Act 2006.

1.2 Incoming resources Investment income is accounted for in the period in which the charity is entitled to receipt.

1.3 Resources expended Grants made in pursuit of the trust’s objectives are charged in the accounts when the payments are made. All other expenses are provided for on an accruals basis.

1.4 Investments

Investments , other than property, are included at the market value at the balance sheet date. Any gain or loss on revaluation is taken to the Statement of Financial Activities.

Realised investment gains and losses represent the difference between the market value of the investments at the beginning of the period, or the cost if purchased during the period, and the sale proceeds. Unrealised gains and losses arise on revaluation at the year end.

The investment property held by the company is stated at its open market value at 2 December 2018, but has not subsequently been revalued. This treatment is not is accordance with Statement of Standard Accounting Practice Number 19. The directors consider that the cost of annually revaluing the property would be disproportionate to the value of the information obtained, but are of the opinion that the open market value is in excess of the balance sheet amount.

In accordance with the provisions of Statement of Standard Accounting Practice Number 19 relating to Investment Properties, no depreciation has been provided on the properties. This treatment has been adopted in the interest of giving a true and fair view, which overrides the otherwise specific requirements of theCompanies Act 1985 to provide depreciation on fixed assets with a limited useful life.

1.5 Taxation The company is a registered charity and is exempt from corporation tax as all of its income is applied for charitable purposes.

GREEN HILLS CHRISTIAN TRUST LIMITED (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2020

----- Start of picture text -----
|||||||||| |---|---|---|---|---|---|---|---|---| |2|Investment|income|2020|2019| |£|£| |Rental|income|26,080|28,356| |Dividends|received|5,552|5,44]| |Interest|receivable|116|298| |31,748|34,095| |3|Total|resources|expended|Grant|Other|Total|Total| |funding|costs|2020|2019| |£|te|£|£| |Charitable|activities| |Christian|education|and|training|of young|people| |Grant|funding|of activities|17,397|17,397|22,300| |Operating|costs|18,074|18,074|9,969| |17,397|18,074|35,471|32,269| |An|analysis|of governance|costs|is|shown|in|note|5.| |4|Grants|payable|Grants|to|Grantsto|Total|Total| |institutionsindividuals|2020|2019| |£|£|£|£| |Total|payable|17,147|250|17,397|22,300| |Number|of grants|19|l|20|27|

----- End of picture text -----

No organisation received grants over £1,250.

GREEN HILLS CHRISTIAN TRUST LIMITED (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2020

Operating costs	2020	2019
	£	5
Managing agents commission	2,573	2,836
Insurance	624	137
Repairs	14,499	5,999
Accountancy	300	264
Sundry expenses	78	113
	18,074	9,969

6 Trustees

None of the trustees (or any persons connected with them) received any remuneration during the year, and none were reimbursed for any expenses. other than those incurred as agents for the company.

7 Employees

There were no employees during the year.

GREEN HILLS CHRISTIAN TRUST LIMITED (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2020

8 Fixed asset investments

8	Fixed asset investments
		UK	COIF	UK	Total
		Investment	Charity	Portfolio
		Property	Funds	Cash
			22,213.19
			Income
			Shares
		£	£	£	£
	Market value at	January
	2020	640,000	180,860	46,094	866,954
	Acquistions at cost			5,552	5,552
	Disposals			-10,000	-10,000
	Change in value in the year		11,619		11,619
	Market value at 31 December 2020	640,000	192,479	41,646	874,125
	Historical cost
	At 31 December 2020	290,210	215,000	41,646	546,856
	At 31 December 2019	290,210	215,000	46,094	551,304
	The investment property was professionally revalued on		2 December	2018.
9	Debtors: amounts fallingdue within one year			2020	2019
				£	£
	Rent receivable			2,080	3,745
10	Creditors: amounts fallingdue within oneyear			2020	2019
				£	£
	Accruals			300	264