THE ANNUNCIATION TRUST
Annual Report and Accounts
FOR THE YEAR ENDED 28 FEBRUARY 2025
Charity Number 1017702

THE ANNUNCIATION TRUST
CONTENTS PAGE
FOR THE YEAR ENDED 28 FEBRUARY 2025
Charity Number 1017702
Page
Annual Report
Statement of Financial Activities
Balance Sheet
Notes lo the accounts
Independent Examiner's Report

THE ANNUNCIATION TRUST
TRUSTEES. ANNUAL REPORT
FOR THE YEAR ENDED 28 FEBRUARY 2025
Charlty Number 1017702
The trustees present their annual report and financial statements of the charity for the year ended 29 February 2025. The
financial statements have been prepared in accordance with the accounting policies set out in note 1 to the accounts and
omply with the charity's Declaration of Tnjst, the Charities Act 2011 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 published on 16 July 2014.
R•fer•nco and Adrnlnistrativè Inforniatlon
Trustees
lan Robert Waller$
Adrian Botsvnghl
Timothy Morris Alban Jones
Aison Hunka
Michael O'Halloran
Charltys prlnclpal address
26 Primr08e Crescent
Pinchbeck
Spalding
Lincolnshire
PE11 3RT
Indepondont examlnor
TC 8ultey Davey
1 . 4 London Road
Spalding
Lincolnshire
PE112TA
Bankers
Lloyds Bank PIC
11 High Street
Horfey
Surrey
RH6 7BJ
Structurè Governanco and Manag¢m¢nt
Governlng Doeumènt
The Charlty wa$ e51abli5hed by a Declaration of Tnjsl ijaled 17th February 1993 by the origlnal Iruslee8. Chun Mee Yale5. Oudley lan Archer.
Gordon Jeff and Berenice Susan King and is registe￿d wlh the Charity Commission. number 1017702.
Appolntrnent of Trusloes
The charity is adm1nls1e￿d by a management committee consisting ol al lea81 three trustees. Whenever the number of ifuslees is reduced lo
less than three, an appointment shall be made as soon as il is practicable lo do go.
Page 1

THE ANNUNCIATION TRUST
TRUSTEES. ANNUAL REPORT
FOR THE YEAR ENDED 28 FEBRUARY 2025
Charlty Number 1017702
Objectlves and Activities
The work of the Trust supports people whose faith jourrny is vilhin the Chri$lian Church. as well as those outside it. by encouraging Spiritual
Direction and associated ministries that build upon personal experience of God.
Spiritual Oirection is a prophetic ministry that supports and inSPITe5 the way we live in So￿ety as cilvns and neHJhbour$. Amongst other
things, Spiritual Direction..
o deepens awarene$$ of God
o ènableg people lo bècome more conscious of vthal matters most lo them
o frees people lo love and trust with diseemmenl
o seeks lo integrate body. mind and spirit in holistic spirituality
o ha8 an inpacl upon how we live day-lo-day, including in communlty wbth each other.
The beneficiaries of the Trust offer
o one-lo-one spiritual d1￿ctIon and $pilltU81 ¢onversalion
o quiet days and retre#l$
o training days and longer courses
o supervision ol others engaged in spiritual dirgdion
o continuing profe$$ional ¢Jevelopmenl lor groups of Splrltual Directors
£hloVoments and Perfornian
The tharily continues lo support the work of 115 Cuffenl beneficiarie8 namely, Revd Henry Morgan. Sylvia Morgan, Revd Paul Booth, Julian
Maddo¢k, Sister Rachel Overton, Ajison Woolley and Revd Nick Helm, and also occasionally SLtpports olhers engaged in Similar work wtlh
small grants.
Flnanclal Rovl•w
The charity had a nel income durfng the ye8r of £19,474.
General Fund
This is o fund where all dorialions are put vthen no beneflciary name is specified. All co$ls relating lo thè running and admlni81ralion ol the
Trusl are taken Irom this fund.
Boneflclarfes Funds
The beneficiaries mentioned above receive donation8 from members of ihe public Ioire¢lee$) receive spiritual direction from Ihem and
also occasional grants from other charrtable trusts and fee5 and donalions resulting from asso¢ialed ministries. These arnounls are kept in
¥eparole fund5. All beneficiaries, funds are e8labli8hed as reslricled and are for Ihe sole use of Ihe named beneficiary.
Reserve•
The trustee8 review annually the amount of funds held in the General Fund lo ensure there are suffi¢ienl funds lo meet all possible
contingenciès that may fo￿SeeablY arise. A minimum balance of £5.000 is kept in the General Fund.
Appioved by the charitys Iru$lee$ and signed on their behalf by Revd lan Robert Walters
Slgnatory:
l R Wallors
Posltlan:
Honorary Treasurer
Dat•d'.
17th May 2025
Page 2

THE ANNUNCIATION TRUST
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 28 FEBRUARY 2025
Charfty NuM￿r 1017702
Y•ar onded 28 February 2025
Unr•8trlctsd
R•strl¢t•d
Funds
Funds
2024
Total
Total
Incom•
Note8
Donation8
Investment income
21a}
21bl
7.625
177
77.307
4.447
84.932
76.8C
3,054
Totsl Incom•
7.802
81,754
89,556
79,860
Exp•ndltur•
Charitable activitie8
Govemance
318)
31bl
3,570
3.251
63,200
66,830
3,251
65,281
4,022
Tolal exp•ndllur•
6,821
63,260
70,081
69,303
N•t In¢om• l {•xp•ndlturnl
981
18,494
19,475
10,557
Tran•f•r• b•tw••n fund•
{1,2291
1,229
N•t mov•m•nt In fund•
12481
19,723
19,475
10,557
Re¢on¢lllatlon of lund•'.
Tolal lunds brought lorward
17,831
98,488
114319
103,762
Total lund$ ¢•ffl•d I0￿41d
17,583
116,211
133,794
114.319
The notes on pages 5 to 7 form a part of the financial statements
Page 3

THE ANNUNCIATION TRUST
BALANCE SHEET
AS AT 29 FEBRUARY 2024
harity Nuffl￿r 1017702
As at 28 February 2025
As at 29 February 2024
Notes
Current è$s•t•:
Cish al bank and in hand
133,794
114,319
Total n•t ••••ts
133,794
114.319
The funds of th• charlty:
Reslricled income funds
Unrestricted income fiJnd8
4&6
5&6
116.211
17,583
96,488
17.831
Total charlty funds
133,7
114.319
Approved by the Trustees and signed ors their behalf by
Slgnatory: l R Walter•
Posltlon:
Honorary Troasur•r
Dats:
17th May 2025
The notes on pages 5 to 7 fomi 8 part of th8 fi'nanc￿1 stalem6int$
Page 4

THE ANNUNCIATION TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2025
1. Accountlng Pollclo$
Basls of pr•paratlon and a$Mssm•nt of golng conurn
The financial slatemenl$ have been prepaied under the historical cost convention with items recognised al cosl or
Iransath'on value unless olherwse slated in the ￿levant note lo these accounts. The financial slalemenls l)ave been
prepared in accordance wth the Slolemenl ol Recommended Pfaclice,. Accountin9 and Reporting by Charities preparing
their accounts in accordance wlh the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 1021
issued on 16 July 2014 and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland
(FRS 1021 and the Charities Act 2011.
The Irust constitutes a public benefit entity as ¢Jefined by FRS 102.
Iruslees consider that there are no malerlal uncertainties about the Irusl'$ ability lo continue ès a going concem.
Fund• structur•
Reslricled funds are Iho$e which are lo be used for Speciffied purposes as laid down by the donor. or according lo the
regulations of the grant supplied. Expenditure which meets these criteria 18 identified by the lund. together ￿￿th 8 f8lr
Ilocation ol support costs where applicable.
Unreslricled fund¥ are donations and other income received or generale(I for the objects of the charlty wihoul further
specif¢ed purpose and are available a$ gener81 funds.
Incom• r•¢ognltlon
All incomè is r8cognised once the charity h¥$ entillement tts th• in¢oma. 11 is probable thal the income will bts recelved and
the amoLtnl of income ￿e81Vable can be measured reliably.
Gran18 and donations are recognised when the charity has uncoNlillonal entstlemenl lo the re$ourtAs.
Where income has related expenditure las wilh lundraisingl the income and related expendrtUTe are fecognised gross.
Gifts in kind and donated service8 and facilities are onty included in income Iwlh an equivalent amount in resources
expendedl where the benefil lo Ihe charity 1$ reo$tsnabty quantifiable, measurable and material. Thè valuè placed on Ih•8e
resources is Ihe eslimaled value lo Ihe charity of the servicE or f4cility received. Where the income is not considered
malefial, no value is included in Ihe accounlg.
Inleresl on fijnds held on deposit is included when feceivable and the amount can be measure(I reliably by the charlty,. this18
nomially on notifiealion of the inleresl paid or payable by the bank.
Exp•ndltur• r•cognltSon
Llabilities are recognised as soon a8 there 18 a legal Of conslruGlive obligatson ¢ommilling the chartty lo that eXPendrtU￿. il 18
probable Ihal Settlement will be required and the amount of Ihe obligation can be measured reliabty.
l expenditure 18 accounted for on an accruals basis. All expenses including support costs and governancé eosls are
allocaled or apportioned lo Ihe applicable expenditure headings. Irrecovefable VAT 18 charged lo the SOFA as incurred.
Grants payable are payment$ made lo third parties in the furtherance of the charitablg objects of the Irusl. Grant offers are
accrued once the recipient h85 been nolified of grant award.
Taxatlo
The Irusl 1$ a registered charity and accordingty is exempl from laxalion on its income and gains where they Irè applied for
chanlable purposes.
Page 5

THE ANNUNCIATION TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2025
Incom•
Unr•strlct•d
Funds
R¢strl¢t•d
Funds
TOTAL FUNDS
2025
2024
21a) L￿natIOnS
Planned giving
Income lax recovered
Other donations
40,S66
9,652
34,714
84,932
38,065
9,017
29,724
76.806
9,652
27.089
77,307
7,625
7,625
21bl Inve$tm•nt Incorne
Interest on cash deposils
177
177
4,447
4,447
4,624
4,624
3.054
3,054
Total
Exp•ndllu
UnrnJtrlct•d
Fund¥
R•strlct•d
Fund•
TOTAL FUNDS TOTAL FUNDS
2025
2024
3191 Ch•rlt•bl• •ctl¥ltl
Spiritual Directors
J Maddock- Donation
R Overton - Donation
A Woolley - Donalion
S M Allatt- Donation
Other- Meetings and retreats
63,200
63.260
552
63,080
552
3.018
3.570
3,018
66,830
2,201
63,280
31bl G0￿MIn¢8
Indepen¢Jenl examine¢s fee
Bookkeeping
Website costs
AGM costs includlng food and accommodation
Sundry expenses
Trustee expenses for me•ling8
996
613
954
410
613
1.642
2,204
454
3.2S1
4,022
Totsl
Page 6

THE ANNUNCIATION TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2025
RESTRICTED FUNDS
The ￿$tricted lunds shown on the balance sheet relate lo:.
At 1 March Incomlng
Outgolng
2024
Resourc￿ RgsouT¢e* Transfors
At 28 February
2025
J Maddock
P Booth
H Morgan
S Morgan
R Overlon
N Helm
A Woolley
1624)
7.950
13.919
2.505
31,098
14,392
27.248
96,488
29,381
901
9,436
115,5001
1672)
{11,978)
11711
13.086
8,179
11,377
3,189
30,488
3,636
46,258
116,211
11.190
3.744
26.418
81.7S4
{13,2001
114,5001
7,410
63,260
1.400
1,229
UNRESTRICTED FUNDS
The uNeslricled funds 8hown on the balance 8heel relate lo:_
At 1 Ma￿h Incomlng
Outgolng
2024
R••our¢e• R••ourc•• Tranif•r•
At 28 F•bruary
2025
General Fund
17.831
17,831
7,802
7,802
6.821
6,821
17.583
17,583
1,229
ANALYSIS OF FUND ASSETS AND LIABILITIES
UweBtrlct•d R••trl¢t•d TOTAL
Fund¥
Fund•
2025
TOTAL
2024
Current assets
17,583
116.211
133.794
102,402
The unreslrfcted fund8 of the charity may be applied for any charitable purpos8 al the dlscrelion of Ihe Irusleos.
Tru•t•g•' Exp•nws
During the year Ihree {2024- three) of Ihe Iruslees havè been reimbursed by Ihe Trusl lor travel expen¥es lolalling
É32112024 - £7961.
Page 7

INDEPENDENT EXAMINERS REPORT ON
THE ACCOUNTS OF THE ANNUNCIATION TRUST
FOR THE YEAR ENDED 28 FEBRUARY 2025
Charfty Numb•r 1017702
I ￿port on accounts of ihe Annunciolion Tnjst for the year ended 28 February 2025, which are set out on pages 3
107.
Rtrjpectlw rnspon$lbllltl•s of tru8t••• and •xamlnor
The charity's Iru8lees are responsible for the preparation of the accounts. The ChaTiVs trustees consider that 8n audit
is not required fof this year under section 144 01 the Charities Act 2011 {￿he Charities Act") and that èn ind8pendenl
examination is needed.
11 is my responsibilty to examine the accoun15 under section 145 of the Charities Act., lo follow the procedure8 laid
down in the General Directions given by Ihe Charity Commission (under section 145{Sllbl of the Charities Act,. and lo
5ts1e ￿ether particular matters have corne lo my attention.
BaslB ol Ind•p•nd•nt •x•mln•rf• stst•m•nt
examination wa$ ¢anied out in accordance with the General Directions glven by the Charity Commission. An
examinatson includes a review ol the accounting records kept by the charity and a comparison ol the accounts
presented wth those records. 11 also includes consideration ol any unusual items or disclosure8 in the accounts. and
seeking eKplanalions from the Irusleey concerning any such matters. The procedures undertaken do not provide all
the evidence that would be required in 8n audit, and consequenlty no opinion is given as lo whether the accounts
oresenl a 'true and fai¢ view and Ihe reDort is limited lo those malt8rs set out in the statement bèlow.
Ind•p•nd•nl •x•rnln•rf• •tat•m•nl
In connecllon with my examlnalion, no matter has ¢om• lo my attention
1. which give$ me reasonablè cause lo believe that in, any material respect, the requSremenl8'.
la} lo kaep accounting records in accordance with section 130 of the Charllies Act., and
Ib) lo prepafe accounts which accord wilh accounting records and comply with the aecounllng rnqulrement8 of the
Charitie8 Acl
have not been mel., or
2. to which. In my oplnion, allenlion should be drown in order lo enable a proper understanding of the accoun18 to be
rea¢hed.
P•ter Wrlght FCCA
TC Group
1 - 4 London Road
Spalding
Lincolnshire
PE112TA
Dat•d.'
25th Jun• 2025
Page 8