2023-12-31-accounts

Charity Number: 503862

GREENSTONES CHRISTIAN TRUST

Report of the Trustees and Unaudited Financial Statements

FOR THE YEAR ENDED 31 DECEMBER 2023

GREENSTONES CHRISTIAN TRUST

Registered Charity No 513862

Working as

Missions to Prisons

and

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ANNUAL REPORT & FINANCIAL STATEMENT

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FOR THE YEAR ENDED
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31 [ST] DECEMBER 2023
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Children in the Refuge Programme at Arbaminch Prison with Parents

Summary of the objects of the Charity

The Trust exists for the charitable purpose of the furthering of the preaching of the Christian gospel including the publication of gospel tracts the provision of places for the preaching of the gospel the worship of God and other activities for the advancement of Christianity including the outdoor preaching of the gospel Clause 1 of the Trust Deed dated 28[th] March 1974.

Trust address

Maynooth Grange, Knayton, Thirsk, YO7 4AZ

Trustees

Mr J W Allen, Rev C Crombie, Mr M Ducker, Rev R Ducker

Bankers

Barclays Bank, 9 Highgate, Kendal, LA9 4DF and NatWest Bank, 10 Elephant Yard, Kendal, LA9 4LZ

Independent Examiner

C&GB Associates, 37-39 Westgate, Thirsk, YO7 1QR

GREENSTONES CHRISTIAN TRUST

Registered Charity No 513862

ANNUAL REPORT - YEAR ENDED 31[ST] DECEMBER 2023

INTRODUCTION

Greenstones Christian Trust which is nondenominational has continued to pursue its charitable purpose of furthering the preaching of the Christian gospel and to demonstrate the holistic nature of this Christian good news by supporting practical projects. It is not the purpose of the Trust to do all the preaching. The aim is to further this by encouraging others – of whatever denomination – to join in sharing good news and a message of hope with all kinds of people in ways that are relevant to their needs. This is essentially more than just words! Although the focus of the Trust is amongst people affected by imprisonment, this is not exclusive.

TRUST MANAGEMENT

Trustees

The Trust is managed by Trustees and according to paragraph 10 of the Trust Deed dated 28[th] March 1974 “The number of trustees of this deed shall not be less than three”. As noted on the title page, there are currently four Trustees who have been overseeing the work of the Trust for many years.

The policy and practice of the Trust is to invite persons with relevant experience/ qualifications/vision to consider taking on this responsibility and we continue to look out for new trustees as opportunities arise.

Reserves and the application of funds

The current policy and practice of the Trust is not to build up large financial reserves but to apply money received to furthering the varied work of the Trust at the earliest opportunity. All work continues to be undertaken on a voluntary basis, with volunteers responsible for meeting their own expenses – including those involved in visiting Ethiopia.

Funds for the work in Ethiopia undertaken in partnership with Justice for All-Prison Fellowship Ethiopia are held in a separate dedicated account – Friends of Prison Fellowship Ethiopia - and are applied in full in Ethiopia.

Reporting Serious Incidents

As required by the Charity Commission, it is confirmed that there are no serious incidents or other matters that need to be reported.

SUMMARY OF ACTIVITIES AND ACHIEVEMENTS

In the UK

The UK work of this Trust is generally undertaken in co-operation with others, especially Christian prison chaplains and those concerned with the care and resettlement of offenders.

Opportunities to further the preaching of the Christian gospel in accordance with the purpose of this Trust as declared in our Trust Deed quite often appear to be related to an interest in the Trust's Ethiopian prisons ministry activities.

Two of our current Trustees are employed as Prison Chaplains in the UK and are actively involved in spreading the gospel message of hope.

In Ethiopia

Visits to Ethiopia continued to be considered ill-advised during 2023 on the advice of our partners at Justice For All-Prison Fellowship Ethiopia due to the continuing unstable political situation and armed conflict within the country. We continue to pray for a lasting peace within the country and for the opportunity to visit our brothers and sisters once again. Nevertheless, the Trust has been privileged to be able to continue supporting the holistic Christian prisons ministry of Ethiopian NGO Justice for All-Prison Fellowship Ethiopia through funding ongoing programmes and providing encouragement and prayer.

The REFUGE project continues to provide much needed support in the community for children with parents in prison. Sponsorship through the Trust supports around 50 children directly, with significant spin-off benefits to the wider family. Food, medicine, school fees and school uniform costs are all typically provided by the monthly sponsorship.

An assessment report of the Refuge Programme was received recently which included a glowing testimony from the Chief Inspector Mande Mamude of the South Ethiopian Prison Commission which concluded:

“In conclusion, the "Refuge Children Program" offers a compelling testament to the transformative power of compassion and solidarity. Through its steadfast commitment to educational empowerment, psychosocial support, and community engagement, the program embodies the timeless values of empathy and social justice. The program serves as a beacon of hope in an often-bleak landscape, illuminating the path towards a brighter, more equitable future for all. With unwavering dedication and collective effort, the "Refuge Children Program" stands poised to continue its invaluable work, uplifting and empowering generations of vulnerable children for years to come.”

The Twinkle of Hope Project has continued its focus on meeting some of the identified needs of young children who are in prison with their mothers. This can include ensuring a wholesome diet, providing education appropriate to age, health care etc. up to the provision of play areas and the construction of accommodation. The project is prison specific so that every child in the prisons where it operates is included.

In accordance with our normal practice, all money donated for use in Ethiopia has continued to be applied in full in that country with no deductions here in the UK for admin, expenses or any other purpose.

LOOK BACK – LOOK AHEAD

This has been another year when despite the difficulties caused by the political unrest within Ethiopia much continues to be achieved. Good news has been shared in places which are more accustomed to bad news and hope has been brought into situations that may previously have appeared hopeless. Lives continue to be changed ‘from the inside out’.

We go forward into 2024 with a desire to build on the experience gained over the years and a fresh determination to demonstrate God’s love in ways that can be understood. A Trustee visit to Ethiopia remains a priority as soon as conditions allow, and we plan to give our website a ‘makeover’ during 2024 to help make our ministry more accessible.

Signed: . M E Ducker .

M E Ducker, Trustee

Date: 9 October 2024

GREENSTONES CHRISTIAN TRUST

STATEMENT OF FINANCIAL ACTIVITIES (incorporating the income and expenditure account) for the year ended 31 December 2023

Unrestricted funds 2023 Note £ Income and endowments from: Donations and legacies 2 9,219 Investments 3 105 Total income and endowments 9,324 Expenditure on: Charitable activities 4 946 Total resources expended 946 Net income / (expenditure) 8,378 Transfer between funds (8,239) Net movement in funds 139 Reconciliation of funds: Total funds at 1 January 2023 7 14,390 Total funds at 31 December 2023 7 14,529	Restricted funds 2023 £ 22,611 - 22,611 38,390 38,390 (15,779) 8,239 (7,540) 21,710 14,170	Total funds 2023 £ 31,830 105 31,935 39,336 39,336 (7,401) - (7,401) 36,100 28,699	Total funds 2022 £ 39,633 23 39,656 48,720 48,720 (9,064) - (9,064) 45,164 36,100

The notes on pages 3 to 9 form part of these financial statements.

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GREENSTONES CHRISTIAN TRUST REGISTERED NUMBER: 513862 BALANCE SHEET as at 31 December 2023

Note £ Current assets Cash at bank and in hand	2023 £ 28,699	£	2022 £ 36,100
Net current assets	28,699		36,100
Total assets less current liabilities	28,699		36,100
Charity funds Restricted funds 7 Unrestricted funds - general 7	14,170 14,529		21,710 14,390
Total charity funds	28,699		36,100

The financial statements were approved by the Trustees on 18 October 2024 and signed on their behalf, by:

Trustee M E Ducker

The notes on pages 3 to 9 form part of these financial statements.

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GREENSTONES CHRISTIAN TRUST

NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 December 2023

1 Accounting policies

(a) General information and basis of preparation of financial statements

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.

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 a 'true and fair' view. This departure has involved following the Charities SORP (FRS 102) published on 16 July 2014 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.

Greenstones Christian Trust meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.

(b) Funds

General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes.

Designated funds comprise unrestricted funds that have been set aside by the Trustees for particular purposes. The aim and use of each designated fund is set out in the notes to the financial statements.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the charity for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.

(c) Income recognition

All income is recognised once the Charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.

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GREENSTONES CHRISTIAN TRUST

NOTES TO THE FINANCIAL STATEMENTS (continued) for the year ended 31 December 2023

1 Accounting policies (continued)

(d) Expenditure recognition

All expenditure is accounted for on a cash basis and has been classified under headings that aggregate all costs related to the category. Expenditure is recognised where there is a legal or constructive obligation to make payments to third parties, it is probable that the settlement will be required and the amount of the obligation can be measured reliably.

All expenditure is inclusive of irrecoverable VAT.

(e) Support costs allocation

Support costs are those that assist the work of the charity but do not directly represent charitable activities and include office costs, governance costs and administrative costs. They are incurred directly in support of expenditure on the objects of the charity. Where support costs cannot be directly attributed to particular headings they have been allocated to expenditure on charitable activities on a basis consistent with use of the resources.

The analysis of these costs is included in note 5.

(f) Cash at bank and in hand

Cash at bank and in hand include cash in hand and deposits held with banks.

(g) Financial instruments

The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

(h) Tax

The charity is an exempt charity within the meaning of schedule 3 of the Charities Act 2011 and is considered to pass the tests set out in Paragraph 1 Schedule 6 Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes.

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GREENSTONES CHRISTIAN TRUST

NOTES TO THE FINANCIAL STATEMENTS (continued)

for the year ended 31 December 2023

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2 Income from donations and legacies
Unrestricted Restricted
funds funds Total Total
2023 2023 2023 2022
£ £ £ £
Donations 3,725 22,611 26,336 39,633
Gift Aid 5,494 - 5,494 -
9,219 22,611 31,830 39,633
For the year ended
31 December 2022 13,738 25,895 39,633
3 Income from investments
Unrestricted Restricted
funds funds Total Total
2023 2023 2023 2022
£ £ £ £
Deposit account interest 105 - 105 23
105 - 105 23
For the year ended
31 December 2022 23 - 23
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GREENSTONES CHRISTIAN TRUST

NOTES TO THE FINANCIAL STATEMENTS (continued) for the year ended 31 December 2023

4 Analysis of expenditure on charitable activities

Ethiopian Chaplaincy Support Twinkle of Hope & Refuge children support Capital Projects - Ethiopia Restricted Fund - Ethiopia Share of support costs (5) (5) Analysis by fund Unrestricted funds Restricted funds For the year ended 31 December 2022 Unrestricted funds Restricted funds Share of governance costs	Mission Giving £ 21,395 16,830 - - 38,225 610 501 39,336 946 38,390 39,336 750 47,970 48,720	Total 2023 £ 21,395 16,830 - - 38,225 610 501 39,336 946 38,390 39,336	Total 2022 £ 27,885 19,890 - - 47,775 525 420 48,720 750 47,970 48,720

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GREENSTONES CHRISTIAN TRUST

NOTES TO THE FINANCIAL STATEMENTS (continued)

for the year ended 31 December 2023

5 Allocation of support costs Independent Examination Foreign Exchange Differences Insurance Bank transfer charges	Support Costs Governance £ £ - 501 206 - 239 - 165 - 610 501	Total 2023 £ 501 206 239 165 1,111	Total 2022 £ 420 - 330 195 945

6 Trustees' remuneration and expenses

No Trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year (2022: £nil).

The Trustees had expenses reimbursed during the year totalling £nil (2022: £nil).

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GREENSTONES CHRISTIAN TRUST

NOTES TO THE FINANCIAL STATEMENTS (continued)

for the year ended 31 December 2023

7 Fund reconciliation Balance at 1 Jan 2023 £ Unrestricted funds General fund 14,390 14,390 Restricted funds Ethiopian Chaplaincy Support - Twinkle of Hope & Refuge children support 5,560 Capital Projects - Ethiopia 10,648 Restricted Fund - Ethiopia 5,502 21,710 Total funds 36,100 Net movement in funds, included in the above are as follows: Income Expenditure £ £ Unrestricted funds General fund 9,324 (946) 9,324 (946) Restricted funds Ethiopian Chaplaincy Support 8,905 (21,395) Twinkle of Hope & Refuge children support 12,446 (16,830) Capital Projects - Ethiopia - - Restricted Fund - Ethiopia 1,260 (165) 22,611 (38,390) Total funds 31,935 (39,336)

Net movement Balance at in funds 31 Dec 2023 £ £ 139 14,529 139 14,529 - - (2,038) 3,522 - 10,648 (5,502) - (7,540) 14,170 (7,401) 28,699 Movement Transfer in funds £ £ (8,239) 139 (8,239) 139 12,490 - 2,346 (2,038) - - (6,597) (5,502) 8,239 (7,540) - (7,401)

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GREENSTONES CHRISTIAN TRUST

NOTES TO THE FINANCIAL STATEMENTS (continued)

for the year ended 31 December 2023

8 Analysis of net assets between funds Unrestricted funds £ Cash and current investments 14,529 Total 14,529	Restricted funds £ 14,170 14,170	Total £ 28,699 28,699

9 Related party transactions

There were no disclosable related party transactions during the period (2022: £nil).

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GREENSTONES CHRISTIAN TRUST

INDEPENDENT EXAMINER'S REPORT

for the year ended 31 December 2023

Independent Examiner's Report to the Trustees of the Greenstones Christian Trust

I report on the financial statements of the charity for the year ended 31 December 2023 which are set out on pages 4 to 12.

Responsibilities and Basis of Report

As the Trustees of the Charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the 2011 Act').

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 the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent Examiner's Statement

Your attention is drawn to the fact that the Charity has prepared the accounts 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 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.

I have completed my examination. I confirm that no material matters have come to my attention which gives me cause to believe that:

• accounting records were not kept in respect of the Charity as required by section 130 of the 2011 Act; or

• the accounts do not accord with such records; 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.

Signed: Dated: 18 October 2024

Mr G Baragwanath FCA

C & G B Associates

8-10 Millgate Thirsk North Yorkshire YO7 1AA

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