THE ANNUNCIATION TRUST
Annual Report and Accounts
FOR THE YEAR ENDED 29 FEBRUARY 2024
Charity Number 1017702

THE ANNUNCIATION TRUST
CONTENTS PAGE
FOR THE YEAR ENDED 29 FEBRUARY 2024
Charity Number 1017702
Annual Report
ststement of Financial Acbvib8S
Balance Sheet
Notes to the accounts
Independent Examinerfs Report

THE ANNUNCIATION TRUST
TRUSTEES. ANNUAL REPORT
FOR THE YEAR ENDED 29 FEBRUARY 2024
Charlty Number 1017702
The trustees prewt their annual report and finanrial ststemerrts of the ¢hartty for the Jear ended 29 February 2029. The
financial statern￿ts have been prepared in accordan(* bmth the acrA)unting w)liaes set out in note 1 to the aco)unts and
comply bMth the charitys Declaration of Trust, the Chafiknes Ad 2011 and Ac￿unting arKI Reporting by CharTtTr85: Ststemenl of
Re￿)MMended Practice applicable to charitses prepariThJ their ao))unts in aLx))rd8nce vthth the Finan￿al Re[￿ing Standard
applicable in the UK and Republic of Ireland published on 16 Juty 2014.
Reference and Admlnlstrallve Informa
Trustees
lan Robert Vvalte
Adrian Bot*fflght
Ruth Yeoman {rellred 27 Aprfl 2023)
rimothy Morris Ajban J)ne$ {SP￿inted 27 21f23}
Alison Hthka (ap￿inted 27 April 2023)
Mithael O'Haloran {appJinted 27 Apr￿ 2023)
Charit￿8 principal address
26 Primrose Crescent
Plnchbet*
Spalding
ncdnshKe
PE11 3RT
Independent examlner
TC 8ulley Davey
1- 4 London Road
Sp8ldwig
Lin¢c4nshire
PE11 2TA
Bankorn
Llowjs Bank PIC
11 High Street
Horley
Surrey
RH6 7BJ
Structuro G0vornan￿ and Managemont
Govemlng Document
The Chavlty vms estab￿ by a Dedarat*)n of TTL￿t datsd 171h Febn￿ry 1993 by the orwinal trusteeB, Chun Mee Yatss. D￿lleY lan
Archer. Gordon Jeff 8nd 8ereni(* Susan Klng aThl is registered wllh the Chaiity Conynlsslon. number 101771Y2.
Appolntment of Truste
The charity is adM￿lStered by a managamont commitleo ts)nsistsThJ of at laast three lI￿tea8. Whernv•r rnmber of ljustees Is reduced
to lass thon threo. an oppoinlmont shall b8 mad8 as S￿)n as * is pra￿*￿ble to thi so.
Page 1

THE ANNUNCIATION TRUST
TRUSTEES. ANNUAL REPORT
FOR THE YEAR ENDED 29 FEBRUARY 2024
Charity Number 1017702
Ob￿CtIVeS and Aetlvltles
The wk of the Tn￿t SWF¢rtS P80th failh i¢Mxnoy is wts*J8 th8 CIvi8ton rtwrch. as ￿11 as ltr•￿ wthn it by encO￿d￿ SFAriiual
Direthon and ossoraated mlnlslries thgt buld perscrnl of G(xl.
Spirilual Dire(*on a proph8tic minlstry that SLPFK)rts a￿1 wwire¥ thg Way￿ live in so¢*ty as obzens arm1 ne￿. knngst other
thir4Js, Spiritual Direction:
o deep￿ avrdreness of God
0 frees people io h)ve and tnLSt wth d￿rTh￿ent
o seeks to integrate ttssy. rnind spirit in holstsc SFdritt*lty
has an W¢t upon Ihe day -kntsy, in(*A11￿a in ts)mmivMty7h*h other.
The beneficiaries of th8 Trust off
o qukt doys arbj retreats
o training aNI longer C￿r8e$
o supervision of others grwed in S￿rItual dSredK
o continuirwj professbn81 d￿ent for gnxws of Swknl Diredors
Achlevements and Parfornwnco
The charfty conllnues to support the of ￿rrent b￿￿(¥￿IeS vMY*ly. Revd Horry PhNgan. Mwgan. Revd pa￿ Booth. Jullan
Maddock. Sister Rachel Overton, Aison w0cA￿ arKI R6vd Helm. arKI akn oc¢85k+nalty Sup￿ othws ergaged in simlar work V*ith
small grants.
Financial Revlew
The ¢harity had a net dLYVVJ the of£11.057.
General Fund
This bs a where am donakn are pul vkn8n rn berthxary namo is sp•dfod. Al I)￿￿ relairf￿ to tr￿ nrrir& admirri5tration ofthe
Trust are tsken from this fund.
Beneftclarles Funds
The beneficiaries mentloned above reeeNe from members ofts {Direo*ee8) ¥*￿ re￿1ve Spiri￿￿1 dlroction from them and
also OCC4SK•nal grants from other charitabb trL*ts and fees aTKI th)nalion$ resulting from associated ministrles. Th￿ amounts are kept In
separate fiAs. Al b8neficlaries' lunds are eslablished as restrifknl aThl are for the so* w ofthe named benefidary.
Reserves
The Irustees rèviaw 8nnualty the amount of fuThJs Iwkl in the Genernl FurKI lo onsure them are sufft*nt fiAKls to meet 811 possibb&
conlrgenaes that may forese8aW aTiBe. A minknum balan(* of£S.000 is kept kn the Ger*ral FU￿1.
Approved by the charity5 tr￿te0$ arKI SI￿￿￿ on thelr behaK by Re￿1 lan Robert WaN8rs
Slgnalory:
l R Waltèrs
Posltlon:
Honorary Treasurer
Datod:
Page 2

THE ANNUNCIATION TRUST
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 29 FEBRUARY 2024
Charlty Numb•r 1017702
Yw •nd•d 29 F•bn*ry 2024
2023
Funds
Funds
In¢om
Donatkn
Invesknent Income
218)
21b)
.181
76.&)6
76,811
110
Total in¢¢ym•
7.9¥3
71.867
79.eio
76,921
Exp•nditurn
Charitable activltses
Govemance
¥a)
4b)
72,428
3,133
4022
4022
Tol•l •xwnditurn
75.S61
N•t Incom• l (•xpendituro)
1.TlO
787
10.557
1.360
Tran•f•rn b•lw••n fund•
Net moN•m•nt In fvnds
1m3
734
10.557
Ra¢on¢lliation of fund8:
Total funds trfought forwa
1Q008
87.754
103.762
102,402
Total funds ¢affknd fr•rward
17M31
114,319
103,762
The notes on pages 5 to 7 fm 8 part of the finanual Statem￿1$
Page 3

THE ANNUNCIATION TRUST
BALANCE SHEET
AS AT 29 FEBRUARY 2024
Charlty Number 1017702
As at 29 F•bruary 2024
•bruary 2023
Curr•nt a•••ts:
Cash at bank and In hand
114J19
103.762
Total not ass•ts
11V19
103.762
Tho funds of th• Gharlty:
Restdcted income
Unrestricted Income f￿XIS
4&6
5&6
87,754
16.008
17.831
Total charlty funds
103,762
Approvod by th8 Tn￿ arKI swjned on thèr b8half by
Slgnatory:
Posltlon:
The notes ￿ pa￿8 510 7frym awt of Iho frncial statwnents
Page 4

THE ANNUNCIATION TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024
l. Ac¢¢)untlng Poli¢io•
8a•l• of pr•paratlon and ass•¥sm•fft of golng conwn
The Iln8nd81 stslements have been prepared UVKler the hlsiorfral cost w￿lh item5 recowwj at CX>5t or transac
valuo unless otherwise stated in the relevant Th)te to tsse accourts. financial statsments have been prepared in
accordanc* the Statement of Recnmrnend￿ Praclic8.' A¢cfjuthJ and Rep)rtirwJ by Charikn prepariThJ their acLounts
8¢ci>rdanc* with tho Finanoa81 Reporbng StarKlaTd aWKable kn ts UK Repubk of IrelarKI IFRS 102) on 16 Juty
2014 and the Finan￿1 Reportr& Starthrd applrable in ts Uniie(l KJrydom and Rwblc of IrelaTrJ (FRS 11T2) a￿1
Charltlos Act 2011.
The trust constitutes a publ￿ bonefft ￿Y as deflrnd by FRS 102.
The trustees Lvnskter thot there are rn matsri81 alxmrt Ihe abllty kn o)nllnuo as 0 9)Ing vjncam.
Fund8 Stvuctur•
Restrictsd funds It*)se are to be ￿ed tDr spear￿d puryx>s8s as dty•m tythg dornr, or acrthYJY& to th8
reglabons oftht grant $uppli&J. Expendith meots Ilwe is AlenlI￿ bythè finl. twer *ilh a fa
allo￿tion ofsupport costs wthgrg applIca￿e.
Unrestrirt8d funds are donatbns and othw knu)me r￿1ved or the objects ofts thritythfythout fwtsr
spedfigd WF•Xa arm1 are availab￿ as weral fvrKIs.
In¢om• r•¢ognftlon
l income is recognSsed t)r￿ ts charlty has entiUeff*nl it IS F￿babkn thai th8 Inc£rfn• TAII b& rnc8lvad and the
amount of inwme receivabl8 be measured reli8bty.
Grants and donations are rec￿ni%e￿ when the charity has to resowc68.
Where ￿K1)me has related eX[￿K1[lu￿e las ￿ fundrakslrvJl the inc¢me 8Th1 related eYpendi￿re arg r8gJgnisgd gross.
Grfts in kir*J and donoted Ser￿￿ ond fadllues arn 0￿Y in inox)me (Wlth ￿ equNalent amcxmrt in r8s(wrco$
experKled) tho ts8￿fft to the ¢hartiy 15 reasonabty qUantI￿able, Thaswable and maierial. va￿0 placed M these
rgsources Is the estimated value to Ihè thariiy ofthe servir* ￿ facAty rgcwed. Wh8rn the income 15 considered material,
no value is induded in the accounts.
Interest on fvnds h8ld on deposit is recavable 8r#d tr* arn￿￿1 b8 m8asured rdHbty byth8 chariiy. thls
nomally on notification ofthe interest pakl or payablo bythg tth.
Exponditure recognltlon
Uabilibes 8re reo)Jnised as st￿n as Ihere is g kgal ¢cthmitlwwJ ts (*arity to that e>￿ibJre, rt '
probable that setd8m8ntwlll bo roqulred a￿1 tr* 8ffLJunt of obhJalitin measured Teliatty.
All expenditure Is account8d for on an accruals bas15. Al eypenses irKaKliry support costs and govem8n(* rg)sts are
allocated orapporuoned lo ￿ applicable expernjiture Iwdiry. Irrecoverab￿ VAT 5s dwrg8d to th8 SOFA as wicurrgd.
Grants payable are payments made to tr¥rd parties in fv fUrts[a￿ ofts dHrfIth of the IntsL Grani offws arè
accru8d On￿ tha reripient has been r#)tif*d of the grant a•rdTd.
The trust Ss a r8gisterod ¢harttyatrxl a¢C*ydh￿￿ is èxempt fmm tsyat*Jn on its ond gakns are appw
charitable purposes.
Page 5

THE ANNUNCIATION TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024
In¢om•
TOTAL FUNDS
2023
Funds
Furbd¥
2{0) Donations
Plann8(J giving
3B.065
9.017
36.C67
9,1g2
31,552
76,811
9.017
Othar donath)ns
&1.181
2{b) Investm•nt InMm•
76,806
3.054
3.054
110
110
Total
7,993
71M7
79.860
76,V21
Exp•ndftuf•
TOTAL FUNDS TOTAL FUNDS
2024
2023
Funds
FundB
3(al Charftabh acthrfths
SpirSlual Directors
J Maddock- Donation
65.749
720
2,700
1,000
A Woolley- Donalion
S M A18tt- Donation
othgr. Meotings a￿1 retreats
2201
1201
1,259
72.428
Ib) GO￿TranC•
Indep8ThJent examr*s fee
Bookkeepi
Websiie costs
AGM costs ind￿1ng and accLYnmod8tKJn
Sundry gxpenses
Trustse expenses for meetings
954
912
410
227
2304
63
4.022
022
3.133
Totsl
6323
69.303
75.561
Pag8 6

THE ANNUNCIATION TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024
RESTRICTED FUNDS
The Testrlthd lunds on Ihe balgnc• sheet rdato to:.
At 1 M￿h Incoming
Othgoln
At 28 Febru•ry
2024
J Maddock
P Booth
H MwJan
S Morgan
R Ovorton
N Helm
A w￿118Y
2Q753
(30.0￿>
(1836)
(9.050)
{50)
1500) 11.050)
(116001
97
9.163
11A10
7.950
13,919
2.505
31,098
14,392
27348
716
32￿11
9A70
19.13S
87.754
16357
71.867
63.080
UNRESTRICTED FUNDS
Th8 unrestrlrt¢d funds on the balanre $hgOt refakn to:.
At 1 Inc¢)mN¥ Outgolng
At 28 F•bruary
2024
Gengral Furrtl
1(008
1¢008
7.993
53
17,831
17m1
ANALYSIS OF FUND ASSETS AND UABILMES
TOTAL
2023
Funds
Funds
Current assets
17m1
114.319
102.402
Th8 unrestricted furKls ofthe ¢*arSty may ￿ applwl forany c*avitsbfe at tr* dwglion ofthe Inthos.
Tru*¢eM' Expwwl
During the year threg (2023. three) of the have been r*thwsed by th8 Tr￿1 knr travel axponses totsl
£796 (2023- £225}.
Page 7

INDEPENDENT EXAMINERS REPORT ON
THE ACCOUNTS OF THE ANNUNCIATION TRUST
FOR THE YEAR ENDED 29 FEBRUARY 2024
Charlty Nwnb•r 101T102
I reptyt on the aco)unts of the knundal*)n Tn￿l for th8 ended 29 F8bruary 2024. aro set out on pag98 3
Rolpeclhp r•spon•ibHIti•8 of Iru•t•u and •xamin•r
The charivs trustees aro resprrrible frx ts F*￿r￿lon oftho acL¥)￿ts. Thè thrltys c>)rthler thal an aud
is rK)t required for this year LrMfj8r sec*on 144 of ￿ Charlues Art 2011 Chatlkn W arKI Ihat an 1r¥j8F￿d9nI
examination Is ngeded.
It Is my responsibillty to examine ts accx)unts secthn 145 of the chartt￿￿ Art. io fr)IkThv pror¥durns
down in tho General DTrthons given by ts Chafity Cornmssw)n <￿￿er sedwjn 144SXb) of ts c￿the$ Art arwj to
stale whether parti￿1￿r matt6rs havè come to myattenlwx.
Bas18 of Indo￿nd•nt •xamlnef$ 8tat•m
My examina￿Tr was carried out in acx))TdarK* 1P￿1h tho Ge￿r￿ Dvec4hM glvan by the Charity CommBsbn. An
examinaoon vidude8 a revlew of thè aoy)unting rernrds kept by the chaiity and a (￿nparison of th8 8Ixo￿ts
presented wlth those reo)rds. It also Inctudes o)ns*Jeratton of ary LIx￿u?1 riem8 or dlsd05ures in tho ac•))unts, arKt
seeking explanation5 frorn trustoos ￿nC*M￿ any such matters. Tr procedures undertaken do not provide all the
evtdence that %￿U￿j bè require(I In an audit, a￿* ¢orww rK) orAnknn &uven as to acox4ts pres￿1
ITue and falV view 8fKI thg rep(Yt is Ilmited to t￿$9 matters set out In IhE slatem8nl bekyw.
Ind•wKlent oxamlnorfs stslwnènt
1. lthlch gives me reasonable sxuso to i*Iovo Ihai kn. any maknial respec( tr* requtrements:
(a) to keap arxounth¥J re￿ftJs In acrthdanco with sed￿n 130 of lh8 Ctwrft*s A¢ and
Ib) to prepare accounts which ac(yJrd wth re(xvts and u)mply hilh th8 arA))unllng requrements ofthe
Charitles Act
2. to which. In my opin¥)n. att8ntAin bg drawn cwthrlo enab￿ a Fwper of tha a¢a￿nts to
r98thed.
Petor Wrlght FCCA
TC Group
1 . 4 London Road
Spaldlng
ncolnshire
PE112TA
Datod:
Page 8