Company Number. 3505690 AIWUAL REPORT AND FINAIICIAL STATEMENTS FOR TItE YEAR ENDED 28TH FEBRUARY 2026 NATIONS TRUST CHARTTY REGISTRATION No: 1069419 COMPANY REGISTRATION No: 3505690 (Company Limited By Guarantee)
Company Number 35056go NATIONS TRUST (COMPAINT LIMITED BY GUARAMEE) CONfENTS Page 3 Pages 4 *0 7 Report ofthe Directors statern ofFillancial Activities BalaD¢e Sheet Poges Ioto 15 Notes to the FillanciaI Ststemerlts Page 16 Independent Examin¢trs Report Page2
Company Number.. 3505690 NATIONS TRUST (COMPANY LIMtTED BY GUA114NTEE) LEGAL AND ADmsTRAT[vE INFORIIL4TION CHARITY NUMBER 1069419 COMPANY REGISTRATION NUMBER 3505690 DATE OF INCORPORATION 5th Febru2ry 1998 OTHER NAMES Nation5 Nations On The March START OF FINANCIAL YEAR 1st March 2025 END OF FINANCIAL YEAR 28th February 2026 DIREcfoRS AT 28TH FEBRUARY 2026 Cbirgwin Robert Coupe Kathleen Coupe Steph¢n Dixon Gail Grindrod Stephen Joo Hyunil Jung Suk Kwang Kim Jungbeom RECISTERED ADDRESS 2a GlaD]nor Road Llanelli SA15 2LU OBJECTS The advancement of the ChTistian Faith worldwide, in particular by helping indigenous people establish national mission movemeTJts. The relief of persons who are in conditions of need and consequently suffering har(tship or distress or who are aged or sEck. The advancement of education of children or adults especially vocational training. Such other charitable pOSeS as the Directors in theyT absolute discretion think fit. GOVERNING DOCUMENT Memorandum and Articles of Association incorporated on 5th February 1998. PRIMARY BANKERS National Westininster Bank PIC 40 Market Street Wellingborough NN8 IAD INDEPENDENT EXAMINER Ashrnole & Co Chartered Certified A¢¢ountants The Old School The Quay Cmarthen SA313LN P4e3
Company Number.. 3505690 NATIONS TRUST (coTrteANYLJMtTED BY GUARANTEE) REPORT OF THE DIREcfoRS FOR THE YEAR EIYDED 28TH FEBRUARY 2026 The Directors subtnit th¢ir Repo¢ with the FiDattcial Stst¢ments of the Cornpany. forthe year ¢nded 28th Febrnary 20?6. Nations frttst is a Registered Chariry (1069416) ana a Compally Limited by Guardutee {3505690) with the Regster¢d Office aDd priJJcipa] address of the CIlty at G1t]ror Roa4 Llanel]i CaTrnatthenshire. 'Nati¢)ns' is the workitig Dame for the Trust's ac[iVAes. rhe work of Nations Trw ts Cilitst-d by ttvo UK teams one in Lknelli: South Wales and the otber in Wellingboroug Northanwtsnshire; whose rnbers are volllltary workers giving their ti]ne alld talents iti supporr of the Clwitv. The rnajority of Directors are executive and take an active part within the teajns in wbich th¢re is ewienced field leadersbip. The principa] actiiqty of the Company i5 as stated in the Objects of the Charity. The ChaTity has fidfi]led these objects tbrouJo ) the year. with benefft to the publiq by the pro4ision of trainints and an]ine cOmmlcation illdigenous leaders for en¢our&gement And direct[0 and the teacbin(r of The irecto are very grydttfill for all the volulltary help that has been 1Ven EO the Charity throughoutthe year. Directors The Directors in Office d]ng the year were. iI.4>win Robert Coupe KathIe& Coupe Stephen Dixon Ga;1 Grir,drod Stephen Joo Hjunil JunrT Suk Kwang Kim JuDgb¢o The DLrectsrs usualjy meet i times a year to ieview the ODgoiug work of Ntiotts Tnt aud ¢onsidei the regular prow and activity withill L ¢ tearll5. They also review new opportijniries for N.Ons Tn]st to fiuther develop its worE The Cu¢1 nLiS5ion starernenL which builds on tlLe obtierts OT the Charity, gives an insiJts t ynto the heart of what Nations Tnt seeks to be: 'a miSSiODary COMMlty of indi.Wious peoples in trailline togeth forthe ¢vattgelisation ofthe world, Direetors, RespooSxlIIties Company Law requires tbe Diyctors to prepare FiDallcial Ststements for each fmanei81 year, whieh give atrne and fair view of the state of affairs of the Company and of the 5p or defictt of the Company for that period In pr¢paring those Finallei Staten)ents the Dire¢tors are required to . Sel¢ct suitable accounting policies and applythem consistentty. Make judgeTnents and estinth that are reasonable and prydenL Follow applicable accounting standard4 subje¢t to any rnater.al depthres disclosed and explained in the FinaD¢ial Ststements. Prepare the Fin2n¢ial State]nents on the goi& concern basis un]ess it is inappropriat¢ to presuine tbe Cornpany will contillue in bSineSS. The Directors are responsil>le foF keepiug proper a¢covlltintr records which disclose with reasonable accurdcy any time the financial position of th¢ Company alld enable them to ¢nsure thar the FinallciaI Statenients ¢omply Ihitb the Companies Act 2006. They are also SponSi7)le for safe.ou&ding the assets of the Company hence taking reasonable step5 for the prevention and detection of fraud and other tTre.OiLarities. Ill prepaTing this reportthe Directors have taken advantsge of speciaI provisions oftbe Companies Act ?006 relating to sinau wmpanies. P/go4
Company Number. 3505690 NATIONS TRUST (COMPAI¥Y LLklITED BY GUARANTEE) REPORT OF THE DIRECTORS FOR YEAR ENDED 28TH FEBRUARY 2026 ACTIVITIES and ACIIIEVEMEKrs anelli l - Nations Team. One of the Nations team member& Katby. is still workng on her book whilst providing proof-readiD<P for a book by a ayistian friell(L She remaitis a Directorifraste< Steve bas felt that he should step back froni day-to4ay &dmini5trative duties in th¢ coming Auwmn bu4 &5 mted last year, the continual changes to gOVernD legisl&ion on a V8siety of issue5, especially ]rnMIIo is slowing tbat dow Botb Steve and Kathy a]so occasionally share their Bible knowleLoe witb folk who visit frortL other countries. Gail - the overall leader of Nations Trust - visited Japan for the Celebrdtion for the Nations (CFTh evett Mthich took place in January. She a]so hosted the CFTN week which held Llanelli during Au.tsUSL Her health has be¢D i]nproving during the year. Hiqmil Joo (Korean) kn settled well itity his ministry &s a ¢ore part ofthe Nations tw and as a Director/Truste There are currently three oversw mOVe£ts based and sponsored by, the Uallelli teaTrL These CMT (Korean)- They rdll a succ¢sfid visitors, prograD]me during theyear. Clow to hozlle, tbey have undertaken mission w¢rk ill towns and cities JA Wa]es and Elan{L and aIso ve tilne every w¢ekTQ wonbipping OJLthe streets of Llanelli SeveraI re.tsular tea rnembers 2150 help iu a local Chur L&F (Kt)reatt) - This t¢am is small currendy. The leader is involved with weeldy trainillg of youDg ChTi5tyw of Yarious nationa]iti¢s in Readi He a]so has ]iDk5 Thrytb Korean churches andyoung people's wups in London and e]sewhere. rT iXorean)- The leadetrs work in reaCh(r to neigbbouring towns and villag with the Gosp¢l is going weIL and he is ow workints in two places near to U8nelli. They a]so join CMT fortheir streetworsbip somettw. Jn additio support in prny¢r oJ]¢ occasionally, fjnance is exrended to other mission rnoveTLents with whi¢h we have stood sillce their formation. EMP (Middle Easteni) - Thi5 wok contttiues mostty online. introducitr many people in the Middle East to the Gospel and belping be]ievers there to in their faidL Middle East- This WO continues under immense pressLre in a country where, despire tbe law alloMryntr freedom of religion, the reality is thatthere is no rea] reedom for Christians. Nations continued to supporr the leaders in pRyer Iwitb some financ Cel onF eNati This was a Week-10trWQrSknp and inierces5ion eventagaill held ill usinrp a lry local venue where hundreds ofpeople can gather. CFIN h&% been held in Wales ftir most Yea since ?007, aud also in Kore4 Japan and Israel. There were manv from overseas, especiajly Soutb Kore4 and the worsbip was led by musicians from m2ny different nationaI backgrovn(ts. It was a very successfill weeL aDd the sa)De venue has already been booked forthe 20?6 event Alongside these activities. during 1he week there ar¢ anutnber of meettngs for prayer. worship and tb]ng involving SOllLe or all of those SOCIated witb NatioJs. We a]$0 pray for national affid internartonal 5ituatiOll5, praying for peac¢ reconciliation and riJo teous living.
Company Number. 3505890 NATIONS TRUST (COMPANY LJMITED BY GUAIL4KfEE) REPORT OF TItE DIRECTORS FOR YEAR ENDED 28TH FEBRUARY 2026 ACTIVMES and ACHIEVEMEfqTS (¢ontinued) ovati enance The final stage of the renovation plaD5 got underway after CFTN. 11)is wilj create trwee new officeslmeeting rooms. and four new toilets. For practicaI reason4 the work had to b¢ Jjspended whi15t the new floor dried Out aDd the builder5 worked on otber comments, but work i• due to be COp1¢t¢d in May/Jun¢ 20?6. A couple of other Smaller llpe$ are also being consid¢re¢£ Wellin borou The work at the Centre is flourishing witb a V]ety of groups Dsing the premises during the ye. We still have UkThini ladies livsng in the flat 2nd the USJaini2n Church (now New Life Cburch) also e our Centre for worship practice and week]y prayer. We ¢ontinue to havc Teen Cha]lenge use our Centre OD a re.tsular basi5, along with snother similar group. which are welcorne investtnents itrto th¢ COJfllLunity. Ehad - (Korean) SupporL for the overseas teaEns has continlltyl throughout the year. The team leader b&% suc¢essfuUy Co]npleI the ex8ms that would ettable him to practice in this county. but th¢ registration process proved to be very leD.othy so be rebjrned to Korea for etnployment. They Cont[lle in prayer for the work of Eha( to &ceftaiti whzt shape it shouId take iti the tte. and wberethev should be lOted as a farnav. South Asia- Our work wtth KLM continued as their work develope& throughout tbe y¢ar. The School whi¢h thgy started ftsur years ago adds a new clas5 eath year. The dorrnitory accoDJmodation is now being use4 with an incred intake next Ye of sttkdents frojn otrJying villeS who cak board durine the week and rewrn bom¢ at the weekenL The plaos to ¢stabli5h a health caTe c¢ntre in the villLtre witb nurses to Piovide primary health care and Ellidwifery contillue, two ]$ are currently undertslang nwsilltr and mi(iwifery training. A Couple who visited iu 20?2 returned again this year a)d they e praying how they caD be more involved on a regular basis. We provide a regular monthly speaker. lia ZOO for the loca] church that ts part of the ministy and tbis Stren*bens our bond witb NLM. NEV (Africo) - This work continues to dcloP dtspite themauy challenge5 t(t th¢y face. Ministy is Split between West and CentraI Ab.ca enknourdgittg in both areas. He21th issues in a cballengn. ord strengtbens aT2d enables neverEhele c]imate are an ongoing concern but The O'J (Africa)- There w¢re not so many activitses this ye8T as the previous year, but it eonlinued to be finitfill. Whilst a team did Dot matoialise this year the direttor ar.d his wife de¢ided to cany out the planned prayertrip and then stay on for a rwo month sabt)atical. They p&ss¢d on all responsbi aitie5 to other leaders so they could focus on fvture ministy. They idenrified stratetiic places Ththere they should pray and during that time they had a Strong sense of where futh miuisty should be b&5¢d in tbeir tar(Tet ¢ountry. On their return they were faced with a very difficult sitL]ation whi¢h presented itself as a setbacL but their Èinn iA p.IpAr the.v t.fmtin)Ip tn mrbVP. fn7Trv2r Tre CorgyAcodemy ofzanguoge Learmng (CALL)- This eontillues to ti¢k over providing classes for lo¢al people both from our own staff aDdtbrougb a loca] Self etnployed linguist who loves to host their cla8se5 ill Cenrre. The 'Open¥ng the IVelZs' ministy ¢Otitinuei this refers to an area-wide initsallve encouragill" operation witb local cburthes. - praye.- UDity and miSSiOD in c Page 6
Company Number. 3505690 NATIONS TRUST (COMPANY LIMITED BY GUARAIITEE} REPORT OF THE DIRECTORS FOR THE YEAR ENDED 28TH FEBRUARY 2026 ACTfviTIES and ACHVEMErrS <i¥QDtinued) The Wellinttborough team bandle th¢ xtisuran-". and DJianeial &pects of maintainyng Nations Tn including the day-to-day accounts. The WelliDgborough weam also produ¢es Its llwe, whicfy although having a local fo¢u5, a]so r¢fiects the wider work of NaTions. l approve the attached Ststement of Financial ActiViti¢s Ba]aJce Sheet for rl]e year ended 28th Febmry 2026 and ¢onfirn7 that I have made available all infonnation necessary for their preparatio sIed 01] beOf the Directors PriTAt Name: Stephen Coup< C11r. Date: -Db-2DIL
Company Number. 3505690 NATIONS TRTJST (COMPANY LtMITED BY GUAIL4NTEE) STATEMENf OF FINANCL4L ACTtVITIES FOR TKE YEAR ENDED 28TH FEBRUARY 2026 Incorporating tncoTne and Expenditure AOllt UDmtrict¢d Designated Restricted Funts Funds Funds TOTAL 202612025 TOTAL 2025ll024 Notes COME Income from Generat Funds Donations & legacies li.714 253,497 28,024 295,? j5 70.055 In¢ome from ChaTitabl¢ Activities 2b 32.591 41.954 IDcome from tnvestm¢nt 2e 121 2285 Other In¢ome 1,000 250 1250 TOTAL INCOME 46JOS 266.045 28J95 340.745 122.969 EXPENSES Costs of Generating Funds Expenditijre oll Charitable Activittes 32.116 26,861 140.i65 107.181 TOTAL EXPENS 81388 26,861 140J65 107,181 NET {cOlGI{0UTGO[NG) 14,189 184,657 IA34 200J80 15.787 Total Funds Brouglrt FoThvard 61.845 61,447 645,365 629,578 TOTAL FUNDS CARRIED FORWARD 246.104 845.745 64536) Movements on all reserye5 are shtss above. All ofthe Cbarity's op¢rations ar¢ classed as cot)tinuing. Th¢ notes on pages 10 to 15 fonll part ofthese Financial St&eJnents.
Company Number. 3505690 NATIONS TRUST (coTh[PArr LtMTfED BY CLTAL4NTEE) BALANCE SBEET AS AT 28rE FEBRUARY 2026 Unrestrieted Designated Restricted Fknnds Funds Fullds Totsl 28102n6 Total 28102r25 Notes Frxed Assets T2ngible Assets Curre)Jt Assets Debtors Casb ar Bank" and In Hand Total Current Assets 57,831 449.970 517.445 4.841 19,68Q 24,5?1 1886 518 8245 326.37i 334.618 11,968 159.6J7 171.605 2J6.460 Creditor5: anounts d within one year 4,013 NLT CTIRRE ASSETS 328.JOO 167.592 CrediLgrs: amounts due ID more tbau one year orrgaoe Long Temi ioai)s NET ASSETS 246.104 523 607 845 745 64>365 CAPITAL Al RESERVES General Funds Desiated Funds Restricted Funds 76,034 76,034 246,104 61,845 61.447 52?.073 246,104 52).607 76.034 246.104 523.607 845.745 64>36) Di&YCtors' Respollsibilities". The Directyrs are satisfied for the year ended 28th treèrtwy 2026 the clr[table cornpany w&8 entttled to exernption fro the requirement to obtain an -udit under section 477 of the Companies Act 2006 8nd that no member or members have require(i *e company tct Oi)t&n an audit of its accounts for the yw in question it) atcordance with section 476 of tbe Aet -4owever. in ac¢ordance section 14£ of the Charities Arf 2019 the accounts bav¢ been examined by au Independent Examiner whose report appear5 on page 16. The Direcrors aeknowled(re theit responsli )iltty fcr complyi wi"& the require]nents of the CoFnpauies Act 2006 with respect to accouutitig records and trie preparation of the Fill2ncial Staternents. The Financia] Stttements have been prep¥ed in a¢¢ordallce with the provisions applicable ts Sllll ConaleS subject to the sm211 comT)auies retsime and iti acwrdauce FRS102 SORP. The Directors aCknowlee their rw0n51I1ity fo4 Urig that the company keeps proper aecouutiDg re¢ords wbich Compty with section i86 of tbe A¢t 2nd for preparing Financial Statements which give a ttu¢ and fair view of the state of affajrs ofthe cornpany as at the end of the financial year and of its swplus or deficit for the FaD¢ll1 Ye in a¢cordaD¢e with the reqUIrenllts of settioDS 394 and 395 and which otbm4qse cgmply with the r4uiremettts of the Companies Act 2006 relating to accounLS, so far as app]icable to the company. Approved by the Board of Dirytors on 18th July ?026 Siyled on beljalf ofthe Board of Dir¢rtOTS by........... .. PrintNLe. Stepben Coupe .. Chair. Company Registration Nuinber. 3505690 Pa8c 9
Company Number= 3505690 NATIONS TRUST {COMPAIqY L]MITED BY GUARANIEE) NOTES TO TEE FLNANCIAL STATEMENTS FOR YEAR EI4DED 28TH FEBRUARY 2026 1..4CCOLTrifiNG POLICIES Incomitig R¢source5 Recogrrition ofIpEcomingRwources These are in¢luded in the Statement c>f FiTWlCitI Activities (SOFA) when.. . the ¢11ty bec0eS entitled to th¢ resources" . th¢ Direttors are virtuaily certain they will receive the res0. and . the rnonetary value call be measured with suffici¢Dt reliability. IF7comEngResoz4rcaYwtth r8lored&wndtsure Where incomi0 resources bave related expenditure (&5 fimdraising or eoniract income) the incomingresource aDd related expendiwre are reported wss in the SOFA. Groits undDon£*io Grants and Donations are ouly included in.the SOFA when the chlty has COndItiOnal entit1erll¢ to the r¢sources. T£zc reclaiFllS on Dontllions and Gifv Incorlling resources from t&% reclaIn are included in the SOFA in the same fjnanciatperiod the gift to wbich thtty relat¢. CopEtraCTr¥alIncome tmdPerfonxance RelatedGrop Thi5 is only included in tbe SOFA once the related troods or service5 have been delivere<L G£fis inKind Gifts in KiDd are account¢d for at a reasonable esrimate of their value to the charity or the amount actually realise(L Gifts in Killd for sale or distribution are iticluded in the OUttts ls gÉft5 only when sold or (ustnTrtuted by the chaTity. Gift% irA Kind for se by the charity 8re included the SOFA as incornirr resource5 when receivable. DonatedServ1c ondFo¢iliti These are only included in incoming resources (With an ¢quivaLent 8D]OUtIt in resorn expended) where the benefit to the clwity is reasonably qLatttifiable. rnetsurabl¢ and rnaterial. The vaIue placed on these resources is the estitnated value to the Charity. Volw7teerHelp Th¢ v&'ue of any voluntary help received 15 not illclud¢d in the accounts but is acknowl¢dged in tb¢ Ditector5' annuat report Jw&sÉmentIn¢ome This is included iD the accounts when re¢eivable. ImT¢stheiyigoiphs tr7dlossos This iticluded any gain or 10$5 on the Sale of investtneDts and any gain or loss restiltiag from revaluilltr investtneDts to market value atthe end of the year.
Company Number. 35056go NATIONS TRUST (COMPANY LITED BY GUARANfEE) NOTES TO THE FtNAJCIAL STATEIIIENTS (contillued) FOR THI YEAR ENDED 28TH FEBRUARY 2026 Expenditsre alld LiabiIitses Liobility recognitiop2 Liai)ilities are recogni5ed a% soon as there ts a legaj or Construetive obligation coJJJn)itting the charityto pay out resources. GovrCe Costs Include costs of the preparation and examinknon of statutory accounty the costs of DiTrctors' meetings and cost of any leg21 advice to Directors on governance or constiruttonal matte Gronts withperforFnÉ7nce condiftopu Where the charity ¥ves 2 Wt Trith conditions for irs piyrllent besntr & specific level of servic¢ or owwc to be providei such <ryLts are orJyreco2nised in the SOFA once the recipient ofthe wt has provided the specified service or ou¢)ut. Cha17tr inA¢coz4ntiPEgpo1icT andprfuZot f2Gcounts There h&% beeD Jo chang. to the accounting poIicies (variatson nlles and Jl]etbotls of a¢coullting) since last year, and no changes to the previow accounts. Grp{W&ble witkouipformunee condilioTLf These are only recognised in the accounts when a cornrtixtrnent has been made andthere are DO conditioDS to be met relating to which renmin in control o"L the charity. Support COSLS Support Costs include central filnctions and have been atloc2ted ro activity cost categories on a basis CODSi5rent with the use of the resources. e.0. allocati. propry knOSts by floor are4 or per cap'.t4 stsff costs by the time spent and other costs by their Assets Tangbl fixed 8ssets for u5¢ by the charity. Irestmen¢5 lnVestrr-.ts quoted 00 a recosDised stoek eyxhantre are valued at market value at the year en(L Other investment t$5¢ts are included atDi*& Ctors, best estimate of maket value. No depreciatTrOll 15 charged to freehold propeny as the propetty is ]ll8]lled to such a sralldard tbat the e5tinkted residLMI 4alue is not less tban COSL Basis ofprepall0n The financiL staternents have been prepared on the lJistoric£l COSE b&sis of accountiug in kccord8nce with the Charities Act 2011, Staternent of Recommended Practice "Accounting and ReportItr Dy Charities. (SORP 2015) applicable accountin(r standards and the CompaDies Act ?006. The accounts have been prepared on an ongoincl concern b&5is. The cbarity meets the defjnition of a public ben¢fft entity under FRS102. No reststerAeDtwas required in the traSItion to FRSIO2. Advalltage has been takell of 5e¢tion 396(5} of the Companie5 Act 2006 to allow the forn)at of the Fifjallcial Statements to be adapted to reflect th¢ speeial nattre of the clwity's operation and in orderto complywith the requirertients oftbe SORP. The company has taken advanw of the exerDption in Financial Reporting Stalldard No l from the r¢quirernent to prothice a C&%h Flow Staternent P¥ll
Company Number. 3505690 NATIONS TRUST (COMPANY LINItTED BY GUARANTEE) NOTES TO TEE FLNAIN'CIAL sTATE1vTs (contilled} FOR YELR EfiT)ED 28TH FEBRUARY 2026 2. INCOME Unrestricted DeS]ted Restricted Funds Ftlllds Fund8 TOTAL ?02612025 roTAL 2025DO?4 a) Donatiolls & legacies GelleraI Incottje nharitable 236,776 16.7?1 13,927 14,097 254,680 j.l?7 6.610 39.940 6,855 6,610 13.714 253 497 28.024 295 35 70.055 b) JT tC0e frttm Cbaritsble Aetivities Ass0¢3ated MiListries C=lebration For the Nations Oth Events 17.689 17,689 9,36i 14,902 10,817 14,90? 9.1?0 32a91 9J63 41 ¢) Ineome from IDV¢Stment Bank tnt¢rest 2,185 i?1 2,306 121 2306 2.28) d) Other lLeom¢ Gifts fti.- Volunry Workers 1,000 250 250 1250 13320 Page 12
Company Number 35056go NATIONS TRUST (COMPANY LtMITED BY GUARANfEE) NOTES TO TIIE Fll¥ANCL4L sTATE1¥NTs (continued) FOR THE YEAR ENDED 28TH FEBRUARY 2026 3. EXPENSES Unrestricted Designated Re5tri¢ted FuJ]ds Funds Funds TOTAL 2026llO?5 TOTAL 2025t20?A a) Expeuditure oll Ch4ritsbIe Activities Sits Costs Events OuE(poing Gifts Restricted ExpendittJreJTeam Ttan5fers Gift5 to Volunw Woi*eTS Subscriptions Resources Postage Printing Stationery Depreciation Othv Adtuinistrdtioll Costs Govern# Costs Postage General Stationery Independent Ex2miner Fee Resources Other AdmittisLWiOll Costs 23,477 14J97 11,650 7&476 4.475 4)8 1280 71 88 383 3,768 270 1,648 2,650 12.749 9.000 55,090 1.000 17.576 2,150 41.018 17,650 666 i.475 458 71 88 38i 54 8? i70 3,768 -219 489 451 18 96 980 i20 158 18 96 980 320 158 14 93 902 107 66 31116 81J88 140 6) 107.181 4. TAJNCIBLE FIXED ASSETS Total 2026 BuildiDg5 Equipment Cost at Additions 01-Mar-25 466.681 41,120 480.401 Cost at 23-Pe26 507.8DI 16.042 523.84) Deprec7ation at Charge Depreciation on dtsp05a]s Depreciation at 01-Mar-?5 2,629 3,769 9,629 ?8-F¢b-26 6.398 6a98 Net Book Value Net Book Value ?8-F¢b-?6 ?S-Feb-25 507.801 466.682 517.44) 477.77a 11.091 Page 13
Company Number. 35090 NATIONS TRUST (CO1IPAY LINrE BY GUAWfEE) NOTES TO ThE FtNANCIAL STATEME.NTS (eontillued) FOR THE YEAR EED 28TH FEBRUARY 2026 5. DESIGNATED LYD RESTRJCTED FUTs B&lan 01-M2r-25 Balance 28-Feb-?6 TDcome Transftr5 Lxpenditure DesigD8ted Re5rricted 61.447 266.045 ?8J95 246,104 52i.607 -26.861 583520 294.440 49 769.7AI The R¢stricted Funts conrain the followin& Centtal African Republic NEtF Lesotho Middle East Oversw Perscnnel Scuth East knia Wale5 Buildings Wellingborough BuildiDg 1,181 l.4?6 2,700 4.470 135 619 -9,081 -i,475 6.990 I,iOO 2,108 ?9J,47) 218.98? 2,675 2,134 ?93.413 218.982 522.073 28J95 52i.607 The Restricted F,ts consist of tiilts ta be fotwarded tc ovm&s operdtion& per5¢)JJDel OT of gifts which bave been receiv¢d for the purchase or development ofpropetty in the UIL 6. ANALYSIS OF NET ASSETS BY FUND Unrestricted Designated Restri¢ted Funds Fullds 28-Fe20 Total 28-Feb-25 Totsl Fixed Assets aDd InvestsDents Fl¢* Cuttent Assets LiaDilities (du¢ in more than one yw) 449.970 517,445 J?8AOO 477.77J 167.59? ?36,460 246.104 84i.74S 645265 7. DEBTORS Prnayments: 2&Feb-26 2&Feb-2> Insurance IIMRC gift aid Adininistration 4,i70 4,218 7,750 11.968 8. CREDITORS: AMOUTr4TS DUE WITBJN OPIE YEAR 2&Ye26 2&Fe25 Independent Exarniners Fees Accrua]. Administratioll Creditors 850 5.468 800 6318 4.013 Page 14
Company Number. 3505690 NATIONS TRUST (CONIPANYLIThtrrED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMINTS (continued) FOR TBI YEAR ENDED 28TH FEBRUARY 2026 9. RECONCILIATION OF MOVEMENT ON CAPITAL AND RESERVES 28-Fel26 2&Fel>25 Swplu5 1 Defi¢it for the Fitiancial Year Opening Futidg at 1st March 2025 200.J80 15.787 645,i65 699.578 CIosiDfT Funds at 28th Febnwy 2026 845.745 645 65 10. STAFF COSTS ATr41) NUMBEBS There were no cr[loyeeS thuillgthis or the previoLs accoutLtinrr 11. TRANSACTJONS wrrH DlliECTORS No paymenrs we*& made to the Directots, except reimbTTrrnenr of expenses, or aDyone CODne¢ted with them duTing the period No rn4teria] transactioll took place between tbe Charily and a Tn or at)y person connected with any of them. 11 RtSK ASSEssr The Directors continue to keep the sitixation utlder review nceEDing the otber orwisatiorA which 1[S its¢]f Natiojjs Tn Ltd, (wfL). 13. RESERVES POLICY The Directors have considered tbe level of reserves they wish to retai appropriate to the chaTity's needs. This is based on th SIZE of the charity aud the level of fitBDcial com]nitrieDt The Dinctors airti to ¢Dre that the clwity will be able to fulfil its Chitable objectives even ththere is a temporary shortfall in income or unexpe¢ted expendibJr¢. The Director5 will endeavour ot to set funds aside unnecessaTi]y. 14. PUBLIC BENEFrr The elwity acknowledges its requirement to dernonstrate clearly tbat it llÈU5t have charitable ppOseS or'aims. that are for tbe public benefit Details of how tbe Chity ha5 achieved this are proded in the Directors Report. The Dire¢tots confjrm that they have paid due rewd to the Charity CoEDTllission guidallce on public bellefft before de¢i¢Sing what activities the chwity should uDderrake. Page l?
Nations Trust Company Number 3505690 Indepfyndont Examiner's Reporttothe Trustees of Nations Trust I report on the accounts fo". the year encjed 28° February 2026, which are seL Out on p8ges 8 to Piesponsibilities and basis o report As the charity's trustees18nfl also the direciors foythe purposes of company lawl you Sre responsible lor the preparation of the accounts in accordance with the requiremerits of the ComponiesAct 2006. Hawng satisfied myself that the charity is no; subject to an audit under company law and ia eligityle foi independent examinatlOiJ, i have examined your charity's accounts Bs required under section 145 of the Charities Act 20111'the Act'l- In carrying out my exsmination I have followed the Directions giver, by the Charity Commission under section 145{5}Ibl ofthe 2011 Act. My role is to state whether any material matters lave come to my atterition giving m8 cause to believe.. that accoLJnting records were noi kèpt as required by section 386 of the Compsnies Act 2006.. or 2. that the accounts do not accord wit1 those records,. or that the accounts do not comply with the ttccounting requirements of section of the Companies Act 2006 8rTd with rhe methods and principles of the Charities Statement of Recommended PTactice 8pplicable to char((ies prtsparing their 8¢counts in accordance with ttrje Financi81 qeporting aland8rd applicable in thn UK and Ireland- or 4. that there is further information needed for a proper underst8nding of the accounts. Independent examiner's statement I have completed my exarriination and have no cor)cerns in respect of the matters111 to141 listed above and, in connection with following the Directions of the Charity Commission I hav& found no m8rters that require drawing to your attention. Ashmole & Co. Charterod Certified Accountarits The Old School TheQuay C8rm&rthen Carmarthenshire SA31 3LN Date.. Page 1