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 ADm￿sTRAT[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 p￿OSeS 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 CI￿lty at G1t]r￿or Roa4 Llanel]i CaTrnatthenshire. 'Nati¢)ns' is the workitig Dame for the
Trust's ac[iVA￿es.
rhe work of Nations Trw ts ￿Cilitst-d by ttvo UK teams one in Lknelli: South Wales and the otber in Wellingboroug
Northanwtsnshire; whose rn￿bers 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 cOmm￿lcation 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 Tn￿t 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 Tn￿t seeks to be:
'a miSSiODary COMM￿lty of indi.Wious peoples in trailline togeth￿ forthe ¢vattgelisation ofthe world,
Direetors, RespooSx￿lIIties
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 5￿p￿￿ 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 b￿SineSS.
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 ]rnMI￿Io￿ 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 E￿lan{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. introduci￿tr 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-10￿trWQrSknp 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 t￿b]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 CO￿p1¢t¢d in May/Jun¢ 20?6. A couple of other Smaller llp￿e$ 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]nple￿I 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 ￿tt￿e. and wberethev should be lO￿ted 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 incr￿ed intake next Ye￿ of
sttkdents frojn otrJying vill￿￿eS 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 d￿cloP 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 ACH￿VEME￿rrS <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
sI￿ed 01] be￿Of the Directors
PriTAt Name: Stephen Coup< C1￿1r.
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 A￿Oll￿t
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 ￿{cO￿l￿GI{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
Desi￿ated 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 cl￿r[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 Sll￿ll Con￿a￿leS subject to the
sm211 comT)auies retsime and iti acwrdauce FRS102 SORP.
The Directors aCknowle￿￿e their rw0n51￿I1ity fo4 ￿Uri￿g 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 Fa￿D¢ll1 Ye￿ in a¢cordaD¢e with the
reqUIren￿llts 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........... ..
PrintN￿Le. 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 ¢1￿1ty bec0￿eS 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 incomi￿0 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 ch￿lty 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 incorni￿rr 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 LI￿￿TED 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.
Gov￿￿r￿Ce 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.
Gr￿p{W&ble witkouip*formunee 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.
Ir￿estmen¢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]ll￿ed to such a sralldard tbat the e5tinkted residLMI
4alue is not less tban COSL
Basis ofprep￿all0n
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 ReportI￿tr 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 tra￿SItion 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 sTATE￿￿1vTs (conti￿lled}
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 tC0￿e 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.- Volun￿ry 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-Pe￿26
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. 350￿90
NATIONS TRUST
(CO1￿IPA￿Y LIN￿rE￿ BY GUAWfEE)
NOTES TO ThE FtNANCIAL STATEME.NTS (eontillued)
FOR THE YEAR E￿￿ED 28TH FEBRUARY 2026
5. DESIGNATED LYD
RESTRJCTED FU￿Ts
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-Fe￿20
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&Ye￿￿26 2&Fe￿25
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-Fel￿26 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 ¢D￿re that the clwity will be able to fulfil its
Ch￿itable 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 p￿pOseS or'aims. that are for tbe
public benefit Details of how tbe Ch￿ity ha5 achieved this are pro￿ded 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