Charity registration number 1109493
Company registration number 05369783 (England and Wales)
THE BIBLE TUTOR TRUST
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
THE BIBLE TUTOR TRUST
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees
Mr S W James
Mr Thomas Honey
Mr Mark Johnson
Ms C E James
Secretary
Ms C E James
Charity number
1109493
Company number
05369783
Registered office
Wickhamford Manor
Manor Road
Wickhamford
Evesham
Worcestershire
United Kingdom
WR11 7SA
Accountants
Azets
Epsilon House
The Square
Gloucester Business Park
Gloucester
United Kingdom
GL3 4AD
Bankers
NatWest Bank Plc
2 Bridge Street
Evesham
Worcestershire
United Kingdom
WR11 4RS
Solicitors
Thomas Horton & Sons
Strand House
70 The Strand
Bromsgrove
Worcestershire
United Kingdom
B61 8DQ
THE BIBLE TUTOR TRUST
CONTENTS
Page
Trustees' report
1 - 2
Statement of financial activities
3
Balance sheet
4
Notes to the financial statements
5 - 7
THE BIBLE TUTOR TRUST
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT)
FOR THE YEAR ENDED 30 JUNE 2024
- 1 -

The Trustees present their annual report and financial statements for the year ended 30 June 2024.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the Charity's governing document, the Companies Act 2006 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 (FRS 102) (effective 1 January 2019)".

Objectives and activities

The objectives of the Trust are the advancement of the Christian religion in the United Kingdom as believed by the Christadelphians and the relief of poverty and sickness wherever the Trust feels able to assist.

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

Public benefit

The Trustees are aware of the Public Benefit provisions of the Charities Act 2011 and of the guidance on them published by the Charity Commission. They are satisfied that the objectives of the charity and the activities of the charity are within the definitions of Charitable Purposes as set down in the Act. The Trustees are not aware of any public detriment caused by the charity's objects or activities, and nor are they aware of anyone receiving any private benefit from the charity's activities.

Achievements and performance

The results in the year are in line with the Trustees' expectations.

Financial review

Investment policy and objectives

Under the Memorandum and Articles of Association, the charity has the power to invest in any way the Trustees wish.

Reserves policy

The Trustees have forecast the level of free reserves (that is those reserves not tied up in fixed assets, restricted or designated funds) the charity will require to sustain operations. The Trustees acknowledge that it is prudent to ensure there are sufficient free reserves in future periods to provide financial flexibility.

 

In the opinion of the Trustees, the present level of funds is adequate.

At the balance sheet date, there is a fund deficit of £3,692. Subsequent to the year end, a further contribution has been received to ensure the charity has adequate resources to continue in operational existence for the foreseeable future. The trustees therefore continue to adopt the going concern basis of accounting in preparing the financial statements.

Structure, governance and management

Governing Instrument

The Bible Tutor Trust is a company limited by guarantee, governed by its Memorandum and Articles of Association dated 18 February 2005. The company was incorporated on 18 February 2005 and was registered as a charity on 17 May 2005 with the Charity Commission.

 

The members of the company are those individuals appointed as Trustees. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £1 per member of the charity.

THE BIBLE TUTOR TRUST
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
- 2 -

The Trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were:

 

Mr S W James
Mr Thomas Honey
Mr Mark Johnson
Ms C E James

Recruitment and appointment of new Trustees

The first subscribers of the charity on incorporation are appointed as charity members, Trustees and members of the Council of Management. Members of the Council of Management or charity must be 18 or over and;

 

- be a Christadelphian;

- be a member of a Christadelphian Ecclesia and;

- fully accepts the "Christadelphian Birmingham Amended Statement of Faith".

 

A member can also be a body or organisation which promotes the Christadelphian faith.

Organisational structure

The Council of Management, which has a minimum of three and no fixed maximum number of members, administers the charity. The Council of Management controls the day to day organisation and running of the charity.

Induction and training of new Trustees

Trustees for this period have been informally inducted. For the next period another Trustee will be enrolled, he or she will be formally inducted.

Risk management

The Trustees have examined the principal areas of the Trust's operations and considered the major risks faced.

 

In the opinion of the Trustees, the Trust has established resources and review systems which, under normal conditions, should allow these risks to be mitigated to an acceptable level in its day to day operations.

The Trustees' report was approved by the Board of Trustees.

Mr S W James
Trustee
14 November 2024
THE BIBLE TUTOR TRUST
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 30 JUNE 2024
- 3 -
Unrestricted
Unrestricted
funds
funds
2024
2023
Notes
£
£
Income from:
Donations and legacies
2
-
400
Expenditure on:
Charitable activities
3
1,158
1,056
Net expenditure for the year/
Net movement in funds
(1,158)
(656)
Fund balances at 1 July 2023
(2,534)
(1,878)
Fund balances at 30 June 2024
(3,692)
(2,534)

The statement of financial activities includes all gains and losses recognised in the year.

All income and expenditure derive from continuing activities.

The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006.
THE BIBLE TUTOR TRUST
BALANCE SHEET
AS AT
30 JUNE 2024
30 June 2024
- 4 -
2024
2023
Notes
£
£
£
£
Current assets
Cash at bank and in hand
1,794
1,794
Creditors: amounts falling due within one year
7
(5,486)
(4,328)
Net current liabilities
(3,692)
(2,534)
Income funds
Unrestricted funds
(3,692)
(2,534)
(3,692)
(2,534)

The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 30 June 2024.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

The financial statements were approved by the Trustees on 14 November 2024
Mr S W James
Trustee
Company registration number 05369783
THE BIBLE TUTOR TRUST
NOTES TO THE  FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
- 5 -
1
Accounting policies
Charity information

The Bible Tutor Trust is a charitable company limited by guarantee domiciled in England and Wales, registration number 05369783. The registered office is Wickhamford Manor, Manor Road, Wickhamford, Evesham, Worcestershire, WR11 7SA.

1.1
Accounting convention

The charity have been prepared in accordance with the chairty's governing document, the Companies Act 2006 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 (FRS 102) (effective 1 January 2019)". The chairty is a Public Benefit Entity as defined by FRS 102.

 

The charity has taken advantage of the provisions in the SORP for smaller charities not to prepare a Statement of Cash Flows.

The financial statements are prepared in sterling, which is the functional currency of the charity Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

At the time of approving the financial statements, the Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. Thus the Trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Charitable funds

Unrestricted funds are available for use at the discretion of the Trustees in furtherance of their charitable objectives.

Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

1.4
Incoming resources

Income is recognised when the chairty is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

Cash donations are recognised on receipt. Other donations are recognised once the chairty has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

1.5
Resources expended

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of the economic benefits will be required in settlement and the amount of the obligation can be measured reliably.

 

Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

THE BIBLE TUTOR TRUST
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
1
Accounting policies
(Continued)
- 6 -
1.6
Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

 

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

 

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the charity's contractual obligations expire or are discharged or cancelled.

1.7
Taxation

The charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 256 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects.

1.8

Provisions

Provisions are recognised when the charity has a legal or constructive present obligation as a result of a past event, it is probable that the charity will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

 

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the reporting end date, taking into account the risks and uncertainties surrounding the obligation. Where the effect of the time value of money is material, the amount expected to be required to settle the obligation is recognised at present value. When a provision is measured at present value, the unwinding of the discount is recognised as a finance cost in net income/(expenditure) in the period in which it arises.

2
Donations and legacies
2024
2023
£
£
Donations
-
400
THE BIBLE TUTOR TRUST
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
- 7 -
3
Charitable activities

 

 

2024
2023
£
£

Religious advancement - management

1,158
1,056
4
Trustees
None of the Trustees (or any persons connected with them) received any remuneration or benefits from the Charity during the year.
5
Employees

The average monthly number of employees during the year was:

2024
2023
Number
Number
Total
-
0
-
0
There were no employees whose annual remuneration was more than £60,000.
6
Taxation

The charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxationof Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects.

7
Creditors: amounts falling due within one year
2024
2023
£
£
Other creditors
5,486
4,328
8
Financial commitments, guarantees and contingent liabilities

As at 30 June 2024, the charity had no known guarantees, contingencies or other financial commitments (2023: £Nil).

9
Related party transactions

During the year ended 30 June 2024, an amount of £1,158 (2023: £1,056) was paid on behalf of the Charity by Mr S W James, a trustee of the Charity. At the balance sheet date an amount of £5,486 was included within other creditors as due to Mr S W James (2023: £4,328).

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