IRIS Accounts Production v23.3.1.45 00244633 Board of Directors 1.7.22 30.6.23 30.6.23 0 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure002446332022-06-30002446332023-06-30002446332022-07-012023-06-30002446332021-06-30002446332021-07-012022-06-30002446332022-06-3000244633ns16:EnglandWales2022-07-012023-06-3000244633ns15:PoundSterling2022-07-012023-06-3000244633ns11:Director12022-07-012023-06-3000244633ns11:PrivateLimitedCompanyLtd2022-07-012023-06-3000244633ns11:SmallEntities2022-07-012023-06-3000244633ns11:AuditExempt-NoAccountantsReport2022-07-012023-06-3000244633ns11:SmallCompaniesRegimeForDirectorsReport2022-07-012023-06-3000244633ns11:SmallCompaniesRegimeForAccounts2022-07-012023-06-3000244633ns11:FullAccounts2022-07-012023-06-3000244633ns11:OrdinaryShareClass12022-07-012023-06-3000244633ns11:Director22022-07-012023-06-3000244633ns11:Director42022-07-012023-06-3000244633ns11:Director52022-07-012023-06-3000244633ns11:Director62022-07-012023-06-3000244633ns11:Director72022-07-012023-06-3000244633ns11:Director82022-07-012023-06-3000244633ns11:Director92022-07-012023-06-3000244633ns11:Director102022-07-012023-06-3000244633ns11:Director112022-07-012023-06-3000244633ns11:Director122022-07-012023-06-3000244633ns11:CompanySecretary12022-07-012023-06-3000244633ns11:RegisteredOffice2022-07-012023-06-3000244633ns6:CurrentFinancialInstruments2023-06-3000244633ns6:CurrentFinancialInstruments2022-06-3000244633ns6:Non-currentFinancialInstruments2023-06-3000244633ns6:Non-currentFinancialInstruments2022-06-3000244633ns6:ShareCapital2023-06-3000244633ns6:ShareCapital2022-06-3000244633ns6:FurtherSpecificReserve2ComponentTotalEquity2023-06-3000244633ns6:FurtherSpecificReserve2ComponentTotalEquity2022-06-3000244633ns6:OwnedOrFreeholdAssetsns6:LandBuildings2022-07-012023-06-3000244633ns6:FurnitureFittings2022-07-012023-06-3000244633ns6:LandBuildings2022-06-3000244633ns6:FurnitureFittings2022-06-3000244633ns6:LandBuildings2022-07-012023-06-3000244633ns6:LandBuildings2023-06-3000244633ns6:FurnitureFittings2023-06-3000244633ns6:LandBuildings2022-06-3000244633ns6:FurnitureFittings2022-06-3000244633ns6:WithinOneYearns6:CurrentFinancialInstruments2023-06-3000244633ns6:WithinOneYearns6:CurrentFinancialInstruments2022-06-3000244633ns11:OrdinaryShareClass12023-06-3000244633ns6:RetainedEarningsAccumulatedLosses2022-06-3000244633ns6:FurtherSpecificReserve2ComponentTotalEquity2022-06-3000244633ns6:RetainedEarningsAccumulatedLosses2022-07-012023-06-3000244633ns6:RetainedEarningsAccumulatedLosses2023-06-30
REGISTERED NUMBER: 00244633 (England and Wales)















The Jerusalem and The East Mission
Trust Limited

Unaudited Financial Statements for the Year Ended 30th June 2023






The Jerusalem and The East Mission
Trust Limited (Registered number: 00244633)

Contents of the Financial Statements
for the Year Ended 30th June 2023










Page

Company Information 1

Balance Sheet 3

Notes to the Financial Statements 5


The Jerusalem and The East Mission
Trust Limited

Company Information
for the Year Ended 30th June 2023







DIRECTORS: A J Ball (Chair)
J M Clark
Dr W H Taylor
D A Wright
J G Pringle
C Amos
Dr M I Rhodes
Y Said
C M Dawkins
C A Hawkey


SECRETARY: S A Eason


REGISTERED OFFICE: 1 Hart House
The Hart
Farnham
Surrey
GU9 7HJ


REGISTERED NUMBER: 00244633 (England and Wales)


ACCOUNTANTS: Sheen Stickland
Chartered Accountants
2 Oriel Court
Omega Park
Alton
Hampshire
GU34 2YT


BANKERS: Coutts
440 Strand
London
WC2R 0QS



The Jerusalem and The East Mission
Trust Limited

Company Information
for the Year Ended 30th June 2023







LEGAL ADVISERS: Winckworth Sherwood LLP
Minerva House
5 Montague Close
London
SE1 9BB

The Jerusalem and The East Mission
Trust Limited (Registered number: 00244633)

Balance Sheet
30th June 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 164,717 163,912

CURRENT ASSETS
Debtors 5 3,265 4,252
Cash at bank and in hand 330,050 268,656
333,315 272,908
CREDITORS
Amounts falling due within one year 6 333,519 270,617
NET CURRENT (LIABILITIES)/ASSETS (204 ) 2,291
TOTAL ASSETS LESS CURRENT
LIABILITIES

164,513

166,203

CREDITORS
Amounts falling due after more than
one year

7

160,000

160,000
NET ASSETS 4,513 6,203

CAPITAL AND RESERVES
Called up share capital 9 20 20
Maintenance reserve 10 4,493 6,183
SHAREHOLDERS' FUNDS 4,513 6,203

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th June 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each 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 financial statements, so far as applicable to the company.

The Jerusalem and The East Mission
Trust Limited (Registered number: 00244633)

Balance Sheet - continued
30th June 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20th September 2023 and were signed on its behalf by:





A J Ball - Director


The Jerusalem and The East Mission
Trust Limited (Registered number: 00244633)

Notes to the Financial Statements
for the Year Ended 30th June 2023


1. STATUTORY INFORMATION

The Jerusalem and The East Mission Trust Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" (FRS102 Section 1A) and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The financial statements have been prepared on the going concern basis as the directors do not consider that the effects of the conflict in Ukraine or the current financial situation will impact on the company's ability to continue to operate.

Turnover
Turnover represents service charges made, grants received and miscellaneous receipts which fall within the company's ordinary activities.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Land and Buildings - not provided
Office Equipment - 25% on reducing balance

Land is not depreciated. Freehold buildings are maintained in good repair and it is considered that residual values are such that depreciation is not significant. A specific fund has been established for maintaining the property in its present condition (see note 11, reserves). The requirement to undertake an impairment review is carried out annually.

All fixed assets are initially recorded at cost.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - NIL ) .

The Jerusalem and The East Mission
Trust Limited (Registered number: 00244633)

Notes to the Financial Statements - continued
for the Year Ended 30th June 2023


4. TANGIBLE FIXED ASSETS
Land and Office
Buildings Equipment Totals
£    £    £   
COST
At 1st July 2022 163,309 6,392 169,701
Additions - 1,271 1,271
At 30th June 2023 163,309 7,663 170,972
DEPRECIATION
At 1st July 2022 - 5,789 5,789
Charge for year - 466 466
At 30th June 2023 - 6,255 6,255
NET BOOK VALUE
At 30th June 2023 163,309 1,408 164,717
At 30th June 2022 163,309 603 163,912

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
The Jerusalem Bishopric Fund - 1,633
Other debtors 2,381 1,970
Prepayments and accrued income 884 649
3,265 4,252

The Jerusalem and The East Mission
Trust Limited (Registered number: 00244633)

Notes to the Financial Statements - continued
for the Year Ended 30th June 2023


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
St Mary's Waqf 47,000 -
The Jerusalem Bishopric Fund 15,125 -
The Jerusalem and the Middle East
Church Association

243,202

254,640
Trust Property held in Connection with
the Episcopal Church in Egypt

10,100

-
Social security and other taxes 489 175
Other creditors 3,866 726
Pension contributions 72 68
Accruals and deferred income 13,665 15,008
333,519 270,617

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
St Mary's Waqf 160,000 160,000

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
St Mary's Waqf 160,000 160,000

The loan from St Mary's Waqf is secured by a legal charge over the company's office premises at 1 Hart House, The Hart, Farnham, Surrey.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
20 Ordinary 1 20 20

The Jerusalem and The East Mission
Trust Limited (Registered number: 00244633)

Notes to the Financial Statements - continued
for the Year Ended 30th June 2023


10. RESERVES
Retained Maintenance
earnings reserve Totals
£    £    £   

At 1st July 2022 - 6,183 6,183
Deficit for the year (1,690 ) (1,690 )
Interest (145 ) 145 -
Additional funding (1,000 ) 1,000 -
Costs incurred/(recovered) 2,835 (2,835 ) -
At 30th June 2023 - 4,493 4,493

The directors have established a maintenance reserve to maintain the freehold office accommodation in a high standard of structural and decorative order. This reserve is not distributable.

The Jerusalem and The East Mission
Trust Limited (Registered number: 00244633)

Notes to the Financial Statements - continued
for the Year Ended 30th June 2023


11. RELATED PARTY DISCLOSURES

The company's shares are held by the directors and members of the Council of The Jerusalem and the Middle East Church Association. No one shareholder has control of the company.

During the year the company received service charges from the charities it administers as follows:

2023 2022
£    £   

The Jerusalem and the Middle East Church Association 41,275 38,056
St Mary's Waqf 8,105 8,448
Trust Property Held in Connection with the Episcopal Church in
Egypt

3,682

3,796
The Arthur Benjamin Jones Travel Bursary Trust 507 508
The Jerusalem Bishopric Fund 16,663 17,146

As at 30th June 2023 the company owed £243,202 to The Jerusalem and the Middle East Church Association (30th June 2022: £254,640), £47,000 to St Mary's Waqf (30th June 2022: £Nil) and, £10,100 to Trust Property Held in Connection with the Episcopal Church in Egypt (30th June 2022: £Nil in respect of unpaid grants. £15,125, was owed by the company to The Jerusalem Bishopric Fund (30th June 2022: £1,633 owed to the company) in respect of grants paid on behalf of this charity less unpaid grants.

The company owed £3,147 to The Jerusalem and the Middle East Church Association, £1,482 to St Mary's Waqf, £339 to Trust Property Held in Connection with The Episcopal Church in Egypt, £47 to The Arthur Benjamin Jones Travel Bursary Trust, and £1,533 to The Jerusalem Bishopric Fund with respect to overpaid service charges. These balances are included within the creditor figure 'Accruals and deferred income'.






In February 1993 the company borrowed £160,000 from St Mary's Waqf towards the purchase of the company's office premises. The service charge to St Mary's Waqf is reduced to reflect a 5% interest rate on this loan. This is considered by the trustees to represent an arms length commercial interest rate.

The Jerusalem and The East Mission
Trust Limited (Registered number: 00244633)

Notes to the Financial Statements - continued
for the Year Ended 30th June 2023


12. ASSETS HELD ON TRUST

The company holds the deeds of title to a number of properties on behalf of various bodies within the area of The Episcopal Church of Jerusalem and the Middle East and the Episcopal/Anglican Province of Alexandria.

The custodian ownership of these properties is vested in the company as trustee in perpetuity for the benefit of the members of those bodies. By reason of the nature of the company's interest in these properties, the directors consider that no value should be specified in respect thereof.