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REGISTERED NUMBER: 00244633 (England and Wales)















The Jerusalem and The East Mission
Trust Limited

Unaudited Financial Statements for the Year Ended 30th June 2024






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

Contents of the Financial Statements
for the Year Ended 30th June 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


The Jerusalem and The East Mission
Trust Limited

Company Information
for the Year Ended 30th June 2024







DIRECTORS: Rt Rev A J Ball (Chair)
J M Clark
D A Wright
Dr C Amos
Rev Y Said
Rev 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


LEGAL ADVISERS: Winckworth Sherwood LLP
Arbor
255 Blackfriars Road
London
SE1 9AX

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

Balance Sheet
30th June 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 164,367 164,717

CURRENT ASSETS
Debtors 5 77,205 3,265
Cash at bank and in hand 188,431 330,050
265,636 333,315
CREDITORS
Amounts falling due within one year 6 264,667 333,519
NET CURRENT ASSETS/(LIABILITIES) 969 (204 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

165,336

164,513

CREDITORS
Amounts falling due after more than
one year

7

160,000

160,000
NET ASSETS 5,336 4,513

CAPITAL AND RESERVES
Called up share capital 9 20 20
Maintenance reserve 10 5,316 4,493
SHAREHOLDERS' FUNDS 5,336 4,513

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th June 2024 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 2024


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 25th September 2024 and were signed on its behalf by:




Rt Rev A J Ball - Director



Rev C M Dawkins - Director


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

Notes to the Financial Statements
for the Year Ended 30th June 2024


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 current international or financial situations 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 (2023 - 2 ) .

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

Notes to the Financial Statements - continued
for the Year Ended 30th June 2024


4. TANGIBLE FIXED ASSETS
Land and Office
Buildings Equipment Totals
£    £    £   
COST
At 1st July 2023
and 30th June 2024 163,309 7,663 170,972
DEPRECIATION
At 1st July 2023 - 6,255 6,255
Charge for year - 350 350
At 30th June 2024 - 6,605 6,605
NET BOOK VALUE
At 30th June 2024 163,309 1,058 164,367
At 30th June 2023 163,309 1,408 164,717

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
The Jerusalem Bishopric Fund 6,750 -
Other debtors 2,771 2,381
Prepayments and accrued income 67,684 884
77,205 3,265

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
St Mary's Waqf 6,670 47,000
The Jerusalem Bishopric Fund - 15,125
The Jerusalem and the Middle East
Church Association

250,551

243,202
Trust Property held in Connection with
the Episcopal Church in Egypt

-

10,100
Social security and other taxes 349 489
Other creditors 65 3,866
Pension contributions 77 72
Accruals and deferred income 6,955 13,665
264,667 333,519

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

Notes to the Financial Statements - continued
for the Year Ended 30th June 2024


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
St Mary's Waqf 160,000 160,000

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
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 2024 2023
value: £    £   
20 Ordinary 1 20 20

10. RESERVES
Retained Maintenance
earnings reserve Totals
£    £    £   

At 1st July 2023 - 4,493 4,493
Profit for the year 823 823
Interest (190 ) 190 -
Additional funding (1,000 ) 1,000 -
Costs incurred/(recovered) 367 (367 ) -
At 30th June 2024 - 5,316 5,316

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 2024


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:

2024 2023
£    £   

The Jerusalem and the Middle East Church Association 35,726 41,275
St Mary's Waqf 12,098 8,105
Trust Property Held in Connection with the Episcopal Church in
Egypt

3,948

3,682
The Arthur Benjamin Jones Travel Bursary Trust 538 507
The Jerusalem Bishopric Fund 18,066 16,663

In addition, expenses relating to the Al Ahli Hospital appeal of £2,697 were recharged to The Jerusalem and the Middle East Church Association.

As at 30th June 2024 the company owed £250,551 to The Jerusalem and the Middle East Church Association (30th June 2023: £243,202), £6,670 to St Mary's Waqf (30th June 2023: £47,000) and, £Nil to Trust Property Held in Connection with the Episcopal Church in Egypt (30th June 2023: £10,100 in respect of unpaid grants. £6,750, was owed to the company by The Jerusalem Bishopric Fund (30th June 2023: £15,125 owed by the company) in respect of grants paid on behalf of this charity less unpaid grants.

The company was owed £32,577 by The Jerusalem and the Middle East Church Association, £10,616 by St Mary's Waqf, £3,609 by Trust Property Held in Connection with The Episcopal Church in Egypt, £491 by The Arthur Benjamin Jones Travel Bursary Trust, and £16,533 by The Jerusalem Bishopric Fund with respect to unpaid service charges. The company was also owed £2,697 by The Jerusalem and the Middle East Church Association in respect of expenses of the Al Ahli Hospital appeal. These balances are included within the debtor figure Prepayments and accrued 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 2024


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.