Charity registration number 10934011England and Wales)
Company registration number l)4366897
AMENDING ACCOUNTS
AMANA TRUST
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

AMANA TRUST
LEGAL AND ADMINISTRATIVE INFORMATION
Trustee
Mr P Cooke
Mr W E Lewallen
Mr J H Davis
Mr C J Kennard
Mr D C Szubert
Mr F Ka-choe Fung
(Appointed 1 July 20251
Secretary
Mr S PAlexander
Charity number {England and Wales}
1093401
Company number
04366897
Principal address
Bower House
Orange Tree Hill
Romford
Essex
RM41PB
Registered office
Bower House
Orange Tree Hill
Romford
Essex
RM4 1PB
Auditor
Ensors
Connexions
159 Princes Street
Ipswich
IP1 1QJ
Bankers
Barclays Bank PIC
3-5 King Street
Reading
Berkshire
RG12HD

AMANA TRUST
CONTENTS
Page
Truslees, report
Independenl audito¢s report
10-12
Statement of financial activities
13-14
Balance sheet
15
Slatement of cash flows
16
Notes to Ihe financial statements
17-33

AMANA TRUST
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT)
FOR THE YEAR ENDED 31 DECEMBER 2024
The Truslees, who are also Directors of Amana Trust (the Chartty) for the purposes of the Companies Act, submit
their combined annual report and the audited financial statements for the year ended 31 December 2024. The
Trustees confirm that the annual report (which also contains the Directors, report as required by company law} and
financial stalemenls of the Charity comply with current statutory requirements, the requiremenls of the Charity's
goveming document and the provisions of the Statement of Recommended Practice (SORPI 'Accounting and
Reporting by Charities" issued in Juty 2014 (effective 1 January 2015).
The financial slatements have been prepared in accordance with the accounting policies set oul in nole 1 to the
financial statements and compty with the Charity's goveming document. the Companies Act 2006, FRS 102 "The
Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities SORP 'Accounting
and Reporting by Charities.. Stalemenl of Recommended Practice applicable to charilies preparing their accounts in
accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102)"
Objectives and activities
The Charity's objectives are to advance the Christian failh and to educate people in relalion to Ihal failh.
In shaping our objectives for the year and planning the activities, the trustees have considered the Charity
Commission's guidan￿ on public benefft. including the guidance from Public benefft.. running a charity IPB21'.
Strategies employed to achieve the Charity's objectives include..
promoting and hosting training courses. ledures, seminars, and educational courses in the Christian faith.,
selling books and lileralure to promole the faith., and
providing the community with access to the Charity's premises. facilities.
Activities
We endeavour to encourage members of the community to take part in our activities through promoting training
courses,. the sale and tree distribution of Christian literatu￿,. hosting of Christian conferences, events, and seminars.,
and through Ihe ongoing broadcast of 'Lrfe Study of the Bible." a Christian radio program.
Full-time Training in London Residential Training Community
The Charity hosts an ongoing residential training course in London, mainty aimed at UK and European university
graduates of all backgrounds. The course is held over a Iwo-year cycle wrth intakes taking place in August and
February each year. The Iraining program focuses on the participation in Christian lectures, outreach programs
aimed at university students and community members. and practical services to help meet the needs of the training
centre and olher aclivilies undertaken by the Charity.
During 2024, the average intake of trainees was 54 {2023'. 50) persons. which was in-line with our expeclation. Over
the medium- to long-term we are endeavouring for the number of trainees to increase. The increase will be
facilitated through the continual recnjitment of local and intemalional, top-level trainers, who are experts in their
field, to present the training course and Ihrough the redevelopment of Ihe training facillty, which will fom part of the
Bower House building project. The increase is further supported by the presence of course participants in outreach
projects on university campuses and by their attendance at university events.
Tuition income increased lo £274.5k12023'. £241.1 k}, which was due lo a small increase in tuilion fees and trainees.
Training expenditures of £1,083.4k {2023'. £1,124.5k) mainty comprise of staff costs, which are funded through
donalion income and support costs.
Literatu￿ sales
Literalure sales mainty take place through two bookstores. monthty subscriptions. and online sales. Due to the
prime location of the bookstores, they are easity accessible to members of the public and thus facilitate the
distribution of literature and outreach lo local communities.
A decrease of £2.6k was seen in Itterature sales of £87.9k (2023= £90.5k). Literature costs of £694.9k {2023=
£665.1 kl mainty comprise direct staff costs. which are funded through donation income, support cost and cost of
sales.

AMANA TRUST
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Conferences and events
The Charity hosled several nalional and intemational conferen￿$ and evenls throughout Ihe year. The dates and
details of all events are publicised on the Amana Trust website. The Charity further promotes events and
encourages attendance through direci contact with the community and with individuals listed on our database.
The redevelopment of Bower House and related building projects will allow for an increased capacity to host larger
events locally. The expansion of residential facilities will allow for an increase in ovemight attendees, which will
contribute to Ihe expecled increase in total attendees.
Conference and event income for the year decreased by £1.8k to £99.9k {2023= £101.7kl. mainty due to slightly
lower event attendance in 2024. Related expenditure was £1,177.Ok {2023= £1,130.3kl. Costs are driven by direct
staff costs, which are funded through donation income and support costs allocated to the activity.
Radio broadcast
"Life Study of Ihe Bible" is a radio program broadcast daily on Premier Christian Radio, a Christian radio slation in
the UK. Amana Trust began sponsoring the program in November 1999. The program focuses on an in4epth study
of the Bible. Regular promotions are ran as part of the program, allowing listeners to get in contact with the Charity
and receive free Christian lileralure and infomation related to the aclivtlies carried out by Ihe Charity. It is Ihrough
this program that Amana Trust can reach members of the public throughout the UK, educating them in relation to
the Chrislian failh and bringing them into contact with other Christians in their area.
The Charity received several large donalions during the year totalling £199.4k12023.' £101.7k). The donalions were
used to fund radio broadcast fees during the year. Total radio broadcast and related costs amounted to £134.3k
12023.. £133.1 kl.
Volunteers
The Charity enjoys the privilege of voluntary help. which is mainty offered to support comrnunity events. The Charity
relies on Christian volunteers to coordinate and support services related to Bible and Christian literature
distributions,. shuttle services., ushering during evenls- catering services., and venue set-up and clean-up. Volunleers
mainty comprise local community members and Conferen￿ attendees. The services provided by volunteers have a
direct impact on Ihe number of persons reached by Amana Trusl and on lowering the costs associated wilh hosting
conferences and events. Due to the inforrnal way voluntary help is provided, the Chartty does not make use of
formal processes lo monitor hours of services or number of volunteers and thus an indicative value of their
contribution has not been quantified.

AMANA TRUST
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Achievements and perfonnance
Significant activities and achievements against objectives
In 2024, Amana Trust made significanl progress in both its construction iniliatives and its gospel outreach activities,
despite facing financial and logistical challenges. The trustees remained committed to stewarding reSoUr￿S wisely
while continuing lo advance the Trust's mission across the UK and Europe.
Construction and Property Development
The year saw continued investment in the Trust's physical infrastructure, wrth several key projects either initiated,
progressed, or completed. The redevelopment of the Priors house was a significant improvemenl, developing the
propety into a facility with seven ensuite bedrooms. This development was undertaken in anticipation of hosting
full-time trainees during the term, reflecting the Trust's ongoing commitment to training and equipping young
believers.
Al Woodland Camp, improvements were made to enhance the site's usability for events and retreats. A marquee
was erected, a slipway was constructed to improve aC￿ss, and a toilet block was relocated from Bower House to
support the increased activity at the camp. These upgrades have significanlly improved the camp's capacity lo host
larger gatherings and provide a more comfortable experien￿ for attendees.
The Bower House Training Centre projecl was brought to a safe and secure pause. The site was stabilised, with
trenches closed, equipment relocated. and facilities completed, including offices and welfare amenities. Although
the project was postponed due to timing and planning constraints, the groundwork laid in 2024 ensures Ihat it can
be resumed efficientty when conditions allow.
Progress at Bower Farm was encouraging. The design for the accommodation was approved in principle, and final
drawings were submitted wilh the expectation of planning approval by mid-August. Trustees anticipale Ihal Amana
Trust will take ownership of the adjacent house, BoV￿r Farm Cottage, in the near future.
Events and Gospel Outreach
Amana Trust mainlained a full calendar of events throughout 2024, serving bolh the church community and the
broader public. The Trust hosted five combined Saturdays and weekend retreats during the spring temi, with
attendance figures ranging from 112 to 137 parlicipants each week. These gatherings provided valuable
opportunities for fellowship, teaching. and Spiritual growth.
Major events included a London seminar attended by 431 participants. a European brothers, time with 95 attendees,
and a UK sisters, time with 234 attendees. The Full-Time Training in London (FftL) graduation was another
highlight, drawing approximately 350 attendees to ￿lebrate the completion of the trainees, programme. A one-week
training also took place, attended by 33 participants.
The Autumn schedule consisted of four weekend retreats. another one-week training, and the UK and Ireland
Conference.
BFE also launched a new email journey for Bible recipients, which has begun to generate addttional contacts and
inlerest in gospel events. Amana Trust anlicipates that this initiative will lead lo increased engagement and
participation in future activities.
In addition, the Trust continued its cooperation wtth churches in the UK to organise blending events by regional
clusters. discussions with Premier Radio were ongoing, with the aim of gaining better insight into listener
engagement and exploring ways to enhance the effectiveness of the radio ministry.
Fundraising practices
The Charity did not undertake fundraising activities during the year. Income was mainty generated through
donalions Ihal amounled to £2.417.Ok {2023'. £4.552.8k). of which £289.2k 12023.. £769.8k) was unrestricted. The
remainder of the Charity's income was derived mainty from charitable activities of £609.4k12023.' £534.6kl.

AMANA TRUST
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Financial review
The Charity reported a net deficit of £226.7k {2023= £1,845.2k net surplus) for the year. The decrease is attributable
to the unfavourable movemenl in nel restricted deficil of £584.8k 12023.. favourable 505.6k surplus) and the
unfavourable movement in net unrestricted deficit of £1,487.1 k {2023'. favourable £528.3k surplus).
The overall decrease in surplus is Main￿ attributable lo a decrease in donation income of £2,135.9k. literature sales
of £2.6k, which is offset by an increase in training income of £33.4k, conferences and events income of £1.8k, other
trading activities income of £45.8k, and an increase in expenses of £30.8k.
Deficits are still reported across several activities and were mainty driven by the allocation of overhead costs.
Overhead costs are mainly funded through general donation income. The Trustees continued to lake steps to
ensure an increase in the visibility of perfomance by activity- This resulled in Ihe ongoing revision of pricing policies
and an increased review of resources expended to ensure the viability of activities. This will allow for better decision
making for Ihe allocalion of general donations used to partly subsidise shortfalls where activilies are deemed crucial
to the carrying out of the Charity's objectives. Further. trading activities are being reviewed along with the
construction project with the intention to expand operations to better cover the costs and increase trading income in
the long ierm.
The increase in fixed assets to £16.005.3k12023'. £15.819.1 k} mainly resulted from the addition of freehold property
of £192.8k, assets under construction of £220.2k, motor vehides of £59.2k and fixtures & fittings of £17.4k, partly
offset by deprecialion of £289.1 k and disposals of £56.5k.
Current assets decreased by £582.2k, mainly resulting from reduced debtors and cash. CuThent liabilities decreased
by £153.1 k. The decrease was because of redU￿d custodian funds.
Going concem
The Irustees are of the opinion that Ihe Charity has adequate resources available to fund the activities for the
foreseeable future and are of the view that the Charity is a going concem.
The relative freedom from debt and the strength of the charty's donation base has meant that the financial situation
of the Trust is currentty good. However. the charity is strictly managing spending at all limes with monthty finance
meetings reviewing all funds.
In the event of a significant drop in donations, Woodland Camp is currentty at a stage where a large portion of the
property can be safely and comfortably used for events and the remaining construction work put on hold. The
charity can also reduce its entire operation to a minimal team of employees. supported by volunteers, and still
maintain a baseline operation.
Reserves policy
The Charity has adopted a risk idenlwfication approach in establishing its ￿seNe$ policy. This approach is based on
an understanding of the income streams and their risk profile, the degree of commitment to expenditure, and the
overall risk environment in which the Charity operates.
Amana Trusl's Reserve Policy is to maintain sufficient levels of reserve to meet committed expendilure and enable
normal operating activities to continue over a period of three months, should a shortfall in income occur, and to take
care of potential risks and conlingencies Ihal may arise from time lo lime.
Based on Amana Trust's reserve policy, it must hold. as an operating reserve. approximately three months, net
operating expenditure, which equates to £200k.
As of 31 December 2024, available reserves amounted to £502.Ok {2023= £679.3k), which is more than the optimal
amount of resetves lo be held. ReseNes available are based on unrestricted funds of £10,467.8k (2023..
£10,648.3kl less amounts represented by fixed assets of £9,429.5k 12023.. £9.453.9kl and designated funds of
£536.3k 12023.. £515.1 k). The charitable activities of Amana Trust are funded by fee income, and the shortfall is
subsidised by general and restricted donations.
The decrease in cash inflow from operating activities of £2.029.6k {2023= £980.8k increase) resulted mainly from the
large decrease in donations received.
The net currenl asset position is at an a￿ptable level of £2,288.5k 12023-. £2,717.6k) of which £1,250.1 k (2023..
£1,523.1 k) relates to restricted assets and £1,038.3k (2023.. £1,194.5k) to unrestricted asset5.

AMANA TRUST
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Investment policy
The trustees, having regard to the liquidty requirements of the Charity, have kept available fijnds in a highty liquid
inlerest-bearing deposit account. The savings account funds achieved an average rate of 1.750 /0 (2023.. 1.096.101,
which 15 reflective of average market interest rates for similar investrnents.
Major risks
The Trustees have a risk management strategy that was developed and comprises..
the review of the principal risks and uncertainties that the Charity faces-
Ihe establishment of policies, systems, and procedures to miligate Ihose risks identified in the review,. and
Ihe implementation of procedures designed lo minimise or manage any polenlial impact on Ihe Charity
should the risk materialise.

AMANA TRUST
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
The principal risks to Ihe Charity's objectives are aligned with the Charity's objectives. These risks and the actions
implemented to mitigate these risks are summarised below..
Reputation
The risk that events could adversely affect Amana Trusvs reputation and operations. This could include a cyber-
attack, a serious data security breach, or fraud. It could also include a significant health and safety incident or an
incident relaling io the integrity of one of the Charity's chartlable activities.
Management of risk..
engagement in policy setting and monitoring
training and awareness programs for staff
outsourced specialists in health and safety and infonnation technology
infomialion security policies and procedures including anti-virus sofiware
regular reviews of and investment in IT infrastructure
anti-fraud processes and controls
Financi81
This includes credil risk, liquidity risk, currency risk and cash flow risk
Managemenl of risk..
income comes from fees for services and donations received from many customers who are related to the
Charity., therefore, the trust has limited exposure to credit risk. The maximum exposure as of 31 December
2024 are in debtors, as disclosed in Note 17
regular review of operating reserve policy and available liquid funds to settle debts as Ihey fall due
continued appeal for funds for projects such as UK building project which are well received
in depth accounting and legal advice including VAT consultant
currency forward contracts to mitigate the currency risk be￿een the USD.. GBP cU￿encY pair for highty
probable forecast transactions. Keep sufficient resetves to avoid needing to exchange at adverse rates in limes
contracts are not in place.
Talent
This risk that knowledgeable and experienced employees are not attracted, developed, and relained.
Management of risk..
good relationship management with UKVI
regular reviews of resourcing processes
employee engagemenl and follow up aclion plans
encouraging the upskilling of current employees
The Trustees regularly review and monitor risks and the effectiveness of current plans and strategies for managing
major risks of the Charity.

AMANA TRUST
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Plans for fulure periods
In 2024, planning pemiission was granted for the full development of the Bower Estate. This includes the
conslruclion of a new training centre and the conversion of the stables and barns al Bower Fami inlo
accommodation. The demolition of the old classrooms has been completed.
Further donations received at the end of 2024 and earty 2025 mean Ihal work on the Bower House Training Centre
can resume. It is anticipated that the next phase will involve installing a retaining wall around the classroom area
using concrete piles by Summer 2025. Once the ￿tainIng wall is in place, a concrele capping beam will be
constructed. followed by excavation of the dassroom area to a depth of 1.5 storeys below the current level. A new
800kVA transfomier and main eleclrical kiosk will also be installed to suppty power to the entire estate. A small
construction team will be developed over the firsl parl of 2025 lo oversee Ihis work. supported by contractors and
volunteers.
The purchase of Bower Fa￿ Cottage is expected to be completed in the summer of 2025. The cottage will provide
accommodalion for visiling workers and relieve pressure on existing housing.
Blending events will remain a priority in 2025. TV￿ Bank Holiday events are planned forAugusl 2025, one in Oxford
and one in Northeast London. The Trusl will continue to support regional blending and events al Woodland Camp.
Bibles for Europe has launched a new email joumey for Bible recipients, and this is expected to increase
participalion in evenls. Work will lake place Ihroughout the year wilh Premier Radio and with Living Stream Ministry
to consider how to optimize the impact of the Life-study of the Bible radio programme.
Structure, governance and management
The Charity is a charitable company limited by guarantee, not having share capital, and governed by its
Memorandum and Articles of Association dated 26 January 2002. It is ￿gistered as a charity with the Charity
Commission.
The trustee. 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 P Cooke
Mr W E Lewallen
Mr J H Davis
Mr C J Kennard
Mr D C Szubert
Mr F Ka-choe Fung
(Appointed 1 Juty 2025)
Recruitment and appointment of tnistees
The Iruslees are elected and co-opted under the lems of the Articles of Association. The Charity may from time to
time by ordinary resolution increase or reduce the number of trustees. Every trustee must be appointed by a
resolution passed al a properly convened meeling of the Charity's Truslees. In selecling individuals for appointmenl,
the Charity's Trustees must have regard to the skills. knowledge and experien￿ needed for the effective
administration of the Charity.
Organisational structure
The Trustees of the Charity, who are the members of the goveming body. are legally responsible for the overall
management and control of the Charity. In addition to the Annual General Meeting IAGM) held by the trustees, the
trustees may from lime to lime call for any other meetings as and when required.
The Charity does not have a delegated Chief Executive. The day-to-day management of Amana Trust is
administered by the trustees with the support of key administrative staff.
Induction and training of tmstees
New Trustees are provided with a copy of the cu￿ent version of the Company's constitution and the latest copy of
the Trustees, Annual Report and Statemenl of Accounts. Trustees are infomied of decision-making processes and
are briefed on the business plan of the Charity. Further. the Charity is advised on an ongoing basis by its solicitor as
to the duties and obligations of trustees.

AMANA TRUST
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Remuneration policy
The key management of the Charity are the trustees. who play an active role in the day-to4ay management of the
Charily. All trustees give Iheir time freety and no Iruslee received payment for professional or other services
provided to the Chanty during the year. During the year. no salary was paid to the twstees.
Relationship with related parties
No trustee receives remuneration or other benefits from their work with the Charity- Any connections be￿een a
trustee of Ihe Charity and any connected person or enttty are reqUI￿d to be disclosed to the Board of Truslees in
the same way as any other contractual relationship with a related paty.
In addition to the related parties listed in note 25 to the financial statements. the Charity has a close relationship
with The Church of the Londoners (the Church). a charity which shares Amana Trust's objectives. Through
collaboration with the Church several events and trainings have been established to benefit the community. All
transactions with the Church are at ami's length.
Funds held as custodian trustee
Funds are held by Amana Trust on behalf of several organisations wtth similar objectives to those of Amana Trust.
These mainty include funds for..
video training fvnds held on behalf of Living Stream Ministy, which publishes Christian literature, of £9.Ok
(2023.. £91.9k)- and
other funds held by Amana Trust including gospel trips in Europe for the Church in Anaheim, which is
responsible for a Bible school in the USA of -£0.1 k. 12023.. £4.9k)- a gift for Bulgaria and the Balkans of
£3.6k12023.' £3.6kl- gifts for FThL graduates of £33.4k (2023.. £65.1 k) and olher small funds lotalling £6.7k
12022.. £8.7k).
These funds are held by the Charity and managed separatety from the activities of the Charity- Total funds held at
year end were £43.6k {2023.' £171.8k).
Slatement of trustees. responsibilities
The Trustees (who are also Directors of Amana Trust for the purposes of company lawl are responsible for
preparing a Trustees, annual report and financial statements in accordan￿ with applicable law 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 IFRS 102) {effective
1 January 20151- (Charities SORP {FRS 1021).
Company law requires Ihe Charity Trustees to prepare financial stalements for each year Ihat give a true and fair
view of the state of affairs of the charitable Company and the group and of the incoming resources and application
of resources, including the income and expenditure, of the charitable group tor that period.
In preparing these financial statements. the tnjstee are required to..
select suitable accounling policies and Ihen apply them consistently..
observe the methods and principles in the Charities SORP-
make judgements and estimates thal are reasonable and prudent.,
stale whether applicable UK Accounting Standards have been followed. subject lo any material departures
disclosed and explained in the financial statements.. and
prepare Ihe financial stalemenls on the going concem basis unless it is inappropriate to presume thal the Charity
will continue in operation.

AMANA TRUST
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
The Truslees are responsible for keeping proper accounting records thal (lisclose with reasonable accuracy at any
time the financial position of the Charity and enable them to ensure that the financial statements comply with the
Companies Act 2006 and the Charity ￿nStitution. They are also responsible for safeguarding the assets of the
Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The Trustees are responsible for the rna1ntenan￿ and integrtty of the corporate and financial information included
on the charitable Company's websile. Legislation in the UK goveming the preparation and dissemination of financial
slatemenls may differ from legislation in other jurisdictions.
Statement as to disclosure to our auditors
So far as each of the trustees is aware at the time this report is approved..
there is no relevant audit infomiation of which the Charity's auditors are unaware, and
the trustees have taken all steps that they ought to have taken to make themselves aware of any relevant
audit infomation and to establish that the auditors are awa￿ of that infomation.
Audilor
In accordance wth the company's articles. a resolution proposing that Ensors be reappointed as auditor of the
company will be put at a General Meeting.
Trustees. liability
The Trustees of the Charity guarantee to contribute an amount not exceeding £1 to the assels of the Charity in the
event of winding-up.
Disclosure of inforniation to auditor
So far as each of the trustees is aware at the time this report is approved..
Ihere is no relevant audit infonnation of which the Charity's auditors are unaware, and
the trustees have taken all steps that they ought to have taken to make themselves aware of any relevant
audit information and to establish that the auditors are aware of that infomation.
The trustees, report was approved by the Board of Trustee.
rJ HDavÈs
21 October 2025

AMANA TRUST
INDEPENDENT AUDITOR'S REPORT
TO THE MEMBERS OF AMANA TRUST
Opinion
We have audited the financial statements of Amana Trust (the 'Charity'l for the year ended 31 De￿rnber 2024
which comprise the stalement of finanual activities, the balance sheet, the statement of cash flows and noles to the
financial statements, including signrficant accounting policies. The financial reporting framework that has been
applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial
Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of I￿laTrd (United
Kingdom Generally Accepted Accounts'ng Practi￿1.
In our opinion, the financial statements=
give a true and tsir view of the stale of the charitable company's affairs as at 31 December 2024 and of ils
incoming resources and application of reSoUr￿s, including its income and expendituie, for the year then
ended.,
have been propedy prepared in accordance with United Kingdom Generalw Accepted Accounling Praclice.,
and
have been prepared in accordance with the requirements of the Companies Act 2006.
Basis for opinion
We conducted our audit in accordan￿ with Intemational Standards on Auditing {UKI (ISAS (UKI} and applicable
law. Our responsibilities under those standards are further described in the Auditorfs responsibilities for the audit of
the financial statements section of our ￿pOrt. We are independenl of the Charity in accordance with the ethical
requirements that are relevant to our audit of the financial statements in the UK, including the FRC'S Ethical
Slandard, and we have fulfilled our other ethical responsibilities in accordance with Ihese requirements. We believe
that the audit eviden￿ we have obtained is sufficient and appropriate to provide a basis for our opinion.
Conclusions relating to going concern
In auditing the financial statements, we have concluded that the trustees, use of the going concern basis of
accounting in the preparation of the financial stalemenls is appropriate.
Based on the work we have perfonned, we have not identified any material uncertainties relating to events or
conditions that. individualty or collectivety, may cast significant doubt on the Charity's ability to continue as a going
concern for a period of at least ￿e1ve months from vthen the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the trustee wtth respect to going con￿rn are described in the relevant
sections of this report.
Other information
The other information comprises the information included in the annual report other than the financial statements
and our auditor's report Ihereon. The trustee are responsible for the other information conlained within the annual
report. Our opinion on Ihe financial statements does not cover Ihe olher infonnalion and, except to the extenl
otherwise explicitly stated in our report. we do not express any form of assurance conclusion thereon. Our
responsibility is to read the olher information and, in doing so. consider whether the other information is materially
inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears
to be materialty misststed. If we identify such material inconsislencies or apparent material misstatements, we are
required to delermine whether Ihis gives rise to a material misstalemenl in the financial statemenls Ihemselves. If,
based on the work we have perfomied, we condude that there is a material misstatement of this other information,
we are required lo report that fact.
We have nothing to report in this regard.
Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in Ihe course of our audit=
the infomialion given in the truslees. report for the financial year for which the financial statements are
prepared, which includes the directors. reporl prepared for the purposes of company law, is consistent with the
financial statements., and
the directors, report induded within Ihe trustees. report has been prepared in accordance with applicable legal
requirements.
10-

AMANA TRUST
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE MEMBERS OF AMANA TRUST
Matters on which we are required to report by exception
In the light of the knowledge and understanding of the Charity and its environment obtained in the course of the
audil, we have not identified material misstalemenls in the directors. report included within the trustees, report.
We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires
us to report lo you if, in our opinion..
adequate accounting records have not been kept. or returns adequate for our audit have not been received
from branches not visited by us,. or
the financial statements are not in agreement with the accounting records and retums- or
certain disclosures of trustees, remuneration specified by law are not made.. or
we have not received all the information and explanations we require for our audit. or
the Iruslee were not enlitled lo prepare Ihe financial slatements in accordance with the small companies
regime and tske advantage of the small companies, exemptions in preparing the trustees, report and from the
requirement to prepare a slrategic report.
Responsibilities of trustee
As explained more fully in the statement of trustees. responsibilities, the trustee, who are also the directors of the
Charity for the purpose of company law, are responsible for the preparation of the financial statements and for being
satisfied that they give a Irue and fair view, and for such intemal conlrol as the trustee determine is necessary to
enable the preparation of financial statements that are free from material misstatement, whether due to fraud or
error. In preparing the financial statements, the trustee are responsible for assessing the Charity's ability lo continue
as a going concern, disclosing, as applicable. mallers related to going concem and using the going concern basis of
accounting unless the trustee either intend to liquidate the charitable company or to cease operations, or have no
realislic altemative but to do so.
Audilor's responsibilities for the audit of the financial stalements
Our objectives are to obtain reasonable assuran￿ about whether the financial statements as a whole are free from
material misslatement, whether due to fraud or error, and to issue an auditoffs report that includes our opinion.
Reasonable assurance is a high level of assurance but is not a guarantee Ihal an audil conducled in accordance
with ISAS (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or
error and are considered material if, individualty or in the aggregate, they could reasonabty be expected lo influence
the economic decisions of users taken on the basis of these financial statements.
The extent to which our procedures are capable of detecting irregularities, including fraud. is detailed below.
11

AMANA TRUST
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE MEMBERS OF AMANA TRUST
In planning our audit, we identify and assess the risk of material misstatement within the financial statements,
whether due to fraud or error. In assessing the risks, consideration is given to the control environment lincluding
Trustees, and management's own prO￿$se$ for identification and risk assessment) as well as the nature of the
entity, the indusiry in which it operates and the undertying perfomance. Consideration is also given to Ihe attitudes
and incentives of management to commit fraud, with specific procedures planned and perfomied to respond to the
risk of inappropriate managemenl override of controls.
We also obtained an understsnding of the applicable laws and regulations to which the charity must adhere, through
discussions with management and those charged with govemance, as well as commercial knowledge of the sector
and statutory legislation, in order to detemiine the key laws and regulations applicable to the charity.
After assessing the risk of fraud. we perfomied audTI procedures to gain assurance regarding fraud and
management override as follows-
Auditing the risk of management override of controls. including through tesling joumal entries and other
adjustmenls for appropriateness, and evaluating the rationale behind signtficant transactions outside the
nomial course of business.
Assessment of key accounling estimates within the financial statements in order to assess Iheir
reasonableness to determine whether there is any bias in the estimates.
Review of meeting minutes of Trustees and management
Enquiring of management and Trustees as to whether they are aware of any alleged. suspected or actual
fraud during the year
We also performed procedures to satisfy ourselves regarding the Chartty's compliance with applicable laws
and regulations, including..
Enquiry of Trustees, management and the entity's solicitors around actual and potential litigation and claims
Reviewing correspondence wtth relevant legal authorities
Reviewing legal expense accounts for any indicators of litigations
All audit team members were made aware of the applicable laws and regulations, as well as potential fraud risks
during the planning stsge of the audit and this was discussed at the audit team planning meeting. It was therefore
detemiined that team members all had the relevant awareness and competence to idenlify any instances of non-
compliance or fraud.
A further description of our responsibilities is available on the Finanaal Reporting Council's website at.. https'.11
www.frc.org.uklauditorsresponsibilities. This description fomis part of our auditovs report.
Use of our report
This report is made solely to the charitable company's members, as a body, in accordance with Chapler 3 of Part 16
of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's
members those matters we are required to state to them in an auditor's report and for no other purpose. To the
fullesl exlent permitted by law, we do not accepl or assume responsibility lo anyone other than the charilable
company and the chariiable company's members as a body. for our audit work, for this report, or for the opinions we
have formed.
Barry Gostling (Senior Statutory Auditor)
For and on behalfof Ensors
Chartered Accountants
Connexions
159 Princes Street
Ipswich
IP1 1QJ
24 October 2025
12-

AMANA TRUST
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 DECEMBER 2024
Unrestricted Restricted
funds
funds
2024
2024
Total Unrestricted Restricted
funds
funds
2023
2023
Total
2024
2023
Notes
Income from:
Donations
Charilable activilies
Training
Literature sales
cOnferen￿S and
events
as restated as restated as restated
769,769 3.783,059 4.552,828
289,166 2.127.791 2.416.957
284,955
87,899
284,955
87,899
241,067
90,500
241,067
90,500
99,878
99,878
101,687
101,687
Other trading activities
Inlerest income
110,377
33,285
26,294
136,671
33.285
76,276
12,272
25,049
101,325
12.272
Total income
905,560 2.154,085 3.059,645
1.291,571 3,808,108 5,099,679
Expendilure on-
Charitable activities
Training
Literature sales
Conferences and
events
Radio broadcast
548,363
295,620
535,080 1.083,443
399,279
694,899
526,120
239,631
598,408 1,124,528
425,517
665,148
271,815
59,815
905,222 1.177,037
278,775
338,590
208,240
45,804
922,049 1.130,289
297,416
343,220
Total charitable
expenditure
1.175,613 2.118,356 3.293,969
1.019,795 2,243,390 3,263,185
Other expenditure
11
(7,621)
(7,621)
(1,220)
(7,500)
(8,720)
Total expenditure
1.167,992 2.118,356 3.286,348
1.018,575 2,235,890 3,254,465
Net incomel{expenditure)
(262,432)
35,729
(226,703)
272,996 1,572,218 1,845,214
Transfers between
funds
81,940
{81,940)
131,334
(131,334)
Other recognised
gains and losses:
Other gainsl{losses}
{16,255)
{16,255)
5,999
5,999
Net movement in
funds
(1￿,747)
(46.211) (242,958)
404,330
1,446,883
1,851,213
Reconciliation of funds:
Fund balances at 1 January
2024
10.648,334 7.888,356 18.536,690
10,244,004 6,441,473 16.685,477
Fund balances at 31
December 2024
10,451,587 7,842,145 18,293,732
10,648,334 7,888,356 18,536,690
13-

AMANA TRUST
STATEMENT OF FINANCIAL ACTIVITIES (CONTINUED)
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 DECEMBER 2024
The stalement of financial activities includes all gains and losses recognised in the year. All income and expenditure
derive from continuing activities.
14-

AMANA TRUST
BALANCE SHEET
AS AT 31 DECEMBER 2024
2024
2023
as restated
Notes
Fixed assets
Tangible assets
Investments
13
14
16,005,282
15,819,134
16.005,283
15.819,135
Current assets
Stocks
Debtors
Cash at bank and in hand
16
17
79.199
224,871
2.281.321
74.919
415,267
2.677.423
2.585.391
3.167.609
Creditors: amounts falling due within
one year
18
(296.942)
1450.0541
Net current assets
2.288,449
2,717,555
Total assets less current liabilities
18.293,732
18,536,690
The funds of the Charity
Restricted income funds
Unrestricted funds
7.842,145
10,451,587
7,888,356
10,648,334
21
18,293,732
18,536,690
The notes on pages 17 to 33 form part of these finanual ststements.
The financial statements were approved by the trustee on 21 October 2025
Mr J H Davis
Trustee
Company registration number 04366897 (England and Wales)
15-

AMANA TRUST
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 DECEMBER 2024
2024
2023
as restated
Notes
Cash flows from operating activities
Cash generated from operations
26
35,659
2.065,239
Investing activilies
Purchase of tangible fixed assets
Proceeds from disposal of langible fixed
assets
Inveslment income received
(489.623)
{848,0961
14.396
33.285
12.272
Net cash used in investing activities
(441.942)
{835.824)
Financing activities
Purchase of derivatives
Payment of finance leases obligations
16.256
{6,0751
(5.9991
{11,7451
Net cash generated froml(used in) financing
activities
10,181
{17,744)
Net Idecreasellincrease in cash and cash
equivalents
(396,102)
1,211,671
Cash and cash equivalents at beginning of year
2.677,423
1,465,752
Cash and cash equivalents at end of year
2,281,321
2,677,423
16-

AMANA TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Accounting policies
Charity infonnation
The Charity is a private company limited by guarantee. The Charity is incorporated in England, United
Kingdom with its registered office at Bower House, Orange Tree Hill, Romford, Essex, RM4 1 PB.
The members of the company are the trustees named on page 1. 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.
1.1 Basis of preparation and Replacement statement
The financial statements have been prepared in accordance wtth the Charity's governing document, the
Companies Act 2006, FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of
Ireland" and Ihe Charities SORP "Accounling and Reporting by Charities.. Statement of Recommended
Practice applicable to charities preparing their accounts in accordan￿ wrth the Financial Reporting Standard
applicable in the UK and Republic of Ireland (FRS 102)" The Charity is a Public Benefit Entity as defined by
FRS 102.
The financial statements are p￿pared 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 sel out below.
During the year, certain comparative figures have been restated to improve consistency and accuracy in
presentalion and classification. The reslatement has not resulted in any change lo the Charity's lotal funds or
net incomelexpenditure previousty reported. It has been made solely to improve the clarity and comparability
of financial information.
The Charity has taken advantage of the exemptions available from producing consolidated financial
slatemenls on the basis that it onty has one subsidiary, which is a domanl entty. Consequently, the
preparation of consolidated financial statements is not deemed necessary to present a true and fair view of
the group in Ihe period lo, and at 31 December 2024.
Statement of Replacement
These amended financial statements repla￿ the original accounts filed for the year ended 31 De￿mber
2024, which contained a disclosure error. These amended financial statements have been filed to correct a
disclosure error in Ihe originally submitted accounts, which incorrectly stated that the charitable company had
claimed audit exemption under section 477 of the Companies Act 2006. The accounts were in fact audited,
and the original inclusion of the exemption statement was made in error.
1.2 Going concern
Al the lime of approving the financial statements. the trustee have a reasonable expectation that the Charity
has adequate resources to continue in operational existen￿ for the foreseeable future. Thus the trustee
continue to adopt the going concem basis of accounting in preparing the financial slatements.
1.3 Charitable funds
Unreslricled funds are available for use al the discretion of the trustee in furtherance of their charilable
objectives.
Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The
purposes and uses of the restricted funds are set out in the noles lo the financial statemenls.
17-

AMANA TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Accounting policies
(Continued)
1.4 Income
All incoming resources are included in the stalemenl of ffinancial activities when Ihe Charity has enlillemenl lo
the funds, ￿rtaInty of re￿ipt and the amount can be measured with sufficient reliability- Incoming resources,
excepl for donation income, are derived from the provision of goodslsetwices, and stated after trade discounts,
other sales taxes and are net of VAT.
Income from Christian training and events undertaken by Ihe Charity is included in incoming resources in the
period in which the relevant activity takes pla￿.
Income from sales of literature is recognised when goods are dispatched to customers.
Inlerest on funds held on deposit is included when receivable and the amount can be measured reliably by the
charity., this is normally upon notification of the interest paid or payable by the Bank.
1.5 Expenditure
Expenditure is accounted for on an accrual basis and has been included under expense activities that
aggregate all costs for allocation to activities. Where costs cannot be directly attributed to particular activities
they have been allocated on a basis consistent wf(h the use of the resources.
Expendilure is classified under the following activty headings=
Expenditure on charitable activities includes the costs associated with the activities undertaken to
fijrther the purposes of the Charity and their associated support costs.
Other expendilure represents those ttems not falling into any other category.
Support costs are Ihose costs incurred in support of expenditure on Ihe objects of the Charity and include
overhead costs relating to functions carried out at Bower House. Govemance costs are those incurred in
connection with administration of the Charity and compliance with constitutional and statutory requirements.
Support costs and Govemance costs have been allocated on the basis of cost drtvers specific to each cosl.
The cost driver used was the number of staff members required to support a specific charitable activity as set
out in the Charities organogram.
1.6 Tangible fixed assets
All assets costing more than £5,000 are capilalised. Complements of items below those thresholds are
capitalised where they form part of one project and together cost more than £50,000.
Assets under construction are not depreciated until they are brought into use. Tangible fixed assets are stated
al cost less deprecialion and any accumulated impaimenl loss. Depreciation is not charged on freehold land.
Depreciation on other tangible fixed assets is provided at rates calculated to write off the cost of those assets,
less their estimaled residual value. over their expected useful lives on the following bases..
Freehold land and buildings
Fixtures and fittings
offi￿ equipment
Motor vehicles
2Yo Straight line
20 % straighl line
20¥0 125 % straight line
25 % straight line
The gain or loss arising on the disposal of an asset is determined as the difference be￿een the sale proceeds
and the carrying value of the asset, and is recognised in the slatement of financial activities.
1.7 Fixed asset investrnents
Unlisled investments are held at cost as an approximation to fair value where the fair value is not easily
obtainable.
18-

AMANA TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Accounting policies
(Continued)
1.8 Impaimient of fixed assets
Al each reporting dale fixed assets are reviewed to detemiine whether there is any indication Ihal those
assets have suffered an impaimient loss. If there is an indication of possible impaimient, the recoverable
amount of any affected asset is estimated and compared with ils carying amounl. If estimated recoverable
amount is lower, the carrying amount is ￿dUCed to its estimated recoverable amounl, and an impaimient loss
is recognised immediately in profit or loss.
1.9 Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and
slow-moving stocks. The cosl of stocks includes the cost of purchases and other costs incurred in bringing the
stocks to their present location and condition.
Net realisable value is the estimated selling price less all estimated costs of completion and costs to be
incurred in marketing, selling and distribulion.
1.10 Cash and Cash equivalents
Cash and cash equivalents indude cash in hand, deposits held at call with banks, other short-temi liquid
inveslments with original malurities of three months or less, and bank overdrafts. Bank overdrafts are shown
within borrowings in current liabilities.
1.11 Financial instruments
The Charity has elected to appty the provisions of Section 11 'Basic Financial Instruments. and Section 12
'Olher Financial Inslrumenls Issues. of FRS 102 to all of tls financial instruments.
Finan￿81 inslrumenls are recognised in Ihe Charity's balance sheel when Ihe Charity becomes party to the
contractual provisions of the instrument.
Financial assets and liabilities are offset. with the net amounts presented in the financial statements, when
there is a legalty enforceable right to set off the recognised amounts and there is an intention to settle on a net
basis or lo realise the assel and setue the liability simultaneously.
Basic financial assets
Basic financial assets, which indude debtors and cash and bank balances. are initially measured at
transaction price including transaction costs and are subsequentty carried at amortised cost using the effective
interest method unless the arrangemenl 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. induding creditors and bank loans are initialty recognised at transaction price unless
the arrangement constitutes a financing transaction, where the debt instrument is measured at the present
value of Ihe future payments discounted at a market rate of interesl. Financial liabiltties classified as payable
wiihin 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 Ihe ordinary course of
operations from suppliers. Amounts payable are dassified as current liabilities if payment is due within one
year or less. If not, Ihey 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.
19-

AMANA TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Accounting policies
(Continued)
1.12 Derivatives
Derivatives designated as hedging instruments in an effective hedge are carried on the balance sheet al fair
value. The treatment of gains and losses arising from revaluation are recognised within other recognised
gains and losses, except rf Ihe hedging instrumenl expires or is sold, temiinated or exercised wilhout
replacement or rollover, or rf its designation as a hedge is revoked, amounts previously recognised within
other recognised gains and losses remain in equity until the forecast transaction occurs and are reclassified to
the slatement of financial aclivity. If the.forecast transaction is no longer expected lo occur, amounls
previously recognised within other recognised gains and losses will be immediately reclassified to the
statement of financial activity.
Derivatives are initially recognised at fair value at the date a derivative contract is entered into and are
subsequently remeasured to fair value at each ￿porting date. The resulting gain or loss is recognised in nel
incomellexpenditure) immediatety unless the derivative is designated and effective as a hedging instrument,
in which event the timing of the recognition depends on the nature of the hedge relationship.
A derivative with a posiiive fair value is recognised as a financial asset, whereas a derivative with a negative
fair value is recognised as a financial liability.
1.13 Employee benefits
The cost of any unused holiday ent￿e[￿ent is recognised in the period in which the employee's services are
received.
Temiination benefits are recognised immediatety as an expense when the Charity is demonstrabty committed
to teminate Ihe employment of an employee or to provide temination beneffts.
1.14 Retirement benefits
Employees are automaticalty enrolled into a multi-employer. defined contribution occupational pension
scheme with People Pension, unless they exercise their right to opt-out of the scheme membership. Amana
Trusl makes a 3/0 conlribution to the pension scheme. The employels contribution is charged lo the
Statement of Financial Activities in the period in which the salary to which the pension relates is due.
1.15 Leases
Leases are dassified as finance leases whenever the temis of the lease Iransfer substantially all the risks and
rewards of ownership to the lessees. All other leases are classified as operaling leases.
Assels held under finance leases are ￿CogniSed as assets at the lower of the assets fair value at the date of
inception and the present value of the minimum lease payments. The related liability is included in the balance
sheet as a finance lease obligation. Lease payments are treated as consisting of capilal and interest
elements. The interest is charged to net incomel{expenditurel for the year so as to produce a constant
periodic rate of interest on the remaining balance of the liability.
1.16 Foreign exchange
Monelary assels and liabilities denominated in foreign currenaes are translated into Pound Sterling at rates of
exchange ruling at the balance sheet date.
Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction.
Exchange gains and losses are recognised in the Statement of Financial Activities.
-20-

AMANA TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Critical accounting estimates and judgements
In Ihe application of the Charity's accounting policies, the trustee are required lo make judgements, estimates
and assumptions about the carrying amount of assets and liabilttie5 that are nol readily apparent from other
sources. The estimates and associated assumptions are based on historical experien￿ and other factors that
are considered to be relevant. Actual results may differ from these estimates.
The estimates and undertying assumptions are reviewed on an ongoing basis. Revisions to accounting
estimates are recognised in the period in which the estimate is revised where the revision affects only that
period, or in the period of the revision and future periods where the revision affects both current and future
periods.
Income from donations
Unrestricted Restricted
funds
funds
2024
2024
Total Unrestricted Restricted
funds
funds
2023
2023
Totsl
2024
2023
Donations and gifts
289,166 2.127,791 2.416,957
769,769 3,783,059 4,552,828
Donations and gifts
General fund
Servant support fund
Radio contribulions fund
Construction fund
Romanian RCV
translation fund
289,166
289.166
1.461,574
199,359
465,023
769,769
769,769
1,344,012
1,344,012
101,692
101,692
2,335,212 2,335,212
1.461,574
199,359
465,023
1,835
1,835
2,143
2,143
289,166 2.127,791 2.416,957
769,769 3,783,059 4.552,828
Income from other trading activities
Unrestricted Restricted
funds
funds
2024
2024
Total Unrestricted Restricted
funds
funds
2023
2023
Total
2024
2023
Rentsl income
Other income
96,933
13,444
96,933
39,738
61,970
14,306
61,970
39,355
26,294
25,049
Other trading activities
110,377
26,294
136,671
76,276
25,049
101,325
21

AMANA TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Income from interest income
Unrestricted Unrestricted
funds
funds
2024
2023
Interesl receivable
33,285
12,272
I the Charity's investment income of £33.285 (2023.. £12,272) arises from money held in interest bearing
deposil accounts.
Expenditure on charitsble activities
Training LiteratureConferen¢es
Radio
sales and events broadcast
2024
2024
2024
Totsl
2024
2024
Direct costs
Staff costs
Depreciation and impaimenl
Other direct costs
137.198
148,673
73.687
142,420
66,072
59,462
564,443
57,816
43,994
64,561
16,518
134,295
908,622
289,079
311,438
359.558
267,954
666,253
215,374
1.509,139
Share of support and governance costs (see note 71
Support
699,605
Governance
24.280
413,070
13,875
500,378
10,406
119,747
3,469
1,732,800
52,030
1.083.443
694,899 1.177,037
338,590 3.293,969
Analysis by fund
Unrestricted funds
Restricled funds
548.363
535.080
295,620
399,279
271,815
905,222
59,815
1,175,613
278,775 2,118,356
1.083.H3
694,899 1,177,037
338,590 3,293,969
-22-

AMANA TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Expenditure on charitable activities
(Continued)
Previous year:
Training Literatureconferences
Radio
sales and events broadcast
2023
2023
2023
Total
2023
2023
as restated
Direct costs
Staff costs
Depreciation and impaimient
Other direct costs
130.345
135,812
158.021
123,278
60,028
57,246
477,807
52,712
56,746
69,231
15,007
133,092
800,661
263,559
405,105
424.178
240,552
587,265
217,330 1,469,325
Share of support and governance costs (see note 7)
Support
678.418
Governance
21.932
412,C63
12,533
533,625
9,399
122,757
3,133
1,746,863
46,997
1.124.528
665,148 1.130,289
343,220 3,263,185
Analysis by fund
Unrestricted funds
Restricled funds
526.120
598.408
239,631
425,517
208,240
922,049
45,804
1,019,795
297,416 2,243,390
1.124.528
665,148 1,130,289
343,220 3,263,185
-23-

AMANA TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Support Costs allocated to a¢tivities
2024
2023
as restated
Staff costs
utilities
Insurance
Maintenance and repairs
Gifts and donations given
Motor expenses
Office and IT supplies
Communications and subscriptions
Other costs
Governance costs
824.026
177,383
110.014
254,520
55.771
58,164
46.843
61,422
144,657
52,030
987,063
156,739
95,003
240,374
50,875
57,916
36,898
72,733
49,262
46,997
1,784,830
1,793,860
Analysed between:
Training
Literature sales
Conferences and events
Radio broadcast
723,885
426,945
510,784
123,216
700,350
424,596
543,024
125,890
1,784,830
1,793,860
Net movement in funds
2024
2023
The net movement in funds is stated after chargingl{crediting)=
Fees payable to the charity's auditor..
- for the audit of the charity's financial statements
for olher financial services
Depreciation of owned tangible fixed assets
13.680
9,445
289.079
12,700
8,815
263,559
Trustee
One trustee has been provided with onsite accommodation when they are in the UK to support the delivery of
Ihe Charity's activities. This has been disclosed in Note 25.
-24-

AMANA TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
10 Employees
The average monthly number of employees during the yearwas..
2024
Number
2023
Number
Office staff
Staff engaged in charitable activities
19
49
17
Total
68
73
Employment costs
2024
2023
Wages and salaries
Social security costs
other pension costs
1,571,209
131,250
30,189
1,624,064
133,203
30,457
1,732,648
1,787,724
There were no employees whose annual remuneration was more than £60,000.
Remuneration of key management personnel
The key management of the Chartty are the trustees who play an active role in the day-to-day management of
the Charity-
No Iruslee received payment for professional or other services provided to the Chartty (2023.. £nil).
11 Other expenditure
Unrestricted Restricted
funds
funds
2024
2024
Total Unrestricted Restricted
funds
funds
2023
2023
Totsl
2024
2023
Profft or Ilossl on disposal
of tangible assets
(7,621)
(7,621)
{1,220)
17,500)
18,720)
12 Taxation
The charity is exempt from taxation on its activtlies because all its income is applied for charitable purposes.
-25-

AMANA TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
13 Tangible fixed assets
Fyeehold land Assets under Flxiures and
and bulldlngs constructlon
ffttlngs
Office
equlpment
Motor
vehlcles
Total
Cost
Al 1 January 2024
Additions
Disposals
Transfer
16,280,176
192.781
703,099
220.248
349,849
17.358
(14,085)
28,516
433,195 17,794,835
59,236
489,623
142,435)
{56,520)
22.607
(22.6071
At 31 December 2024
16,495.564
900.740
353.122
28.516
449,996 18.227,938
Depreciation and
impaimient
At 1 January 2024
Deprecialion charged in the
year
Eliminated in respect of
disposals
1,353.294
274,152
28,516
319,739
1,975,701
223.674
24,097
41,308
289,079
114.0851
128,0391
{42,124)
At 31 December 2024
1,576.968
284.164
28.516
333,008 2.222,656
Carrying amount
Al 31 December 2024
14,918,596
900,740
68,958
116,988 16,005,282
At 31 December 2023
14,926,882
703,099
75,697
113,456 15,819,134
Assets under construction comprise capitalised construction costs within the restricted Construction fund
which have been capitalised as part of the building project. Refer to the Trustees Report for more details.
Included within Freehold propety is land of £5.229.448 {2023.' £5.229.448). which is not depreciated.
14 Fixed asset investrnents
Unlisted
investments
Cost or valuation
At 1 January 2024 & 31 December 2024
Carrying amount
At 31 December 2024
At 31 December 2023
-26-

AMANA TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
15 Financial instruments
2024
2023
Carrying amount of financial assets
Instruments measured at fair value through profft or loss
5,999
Carrying amount of financial liabilities
Measured at fair value through profit or loss
Other finanual liabilities
10,257
16 Stocks
2024
2023
Finished goods and goods for resale
79.199
74,919
Stock recognised in cost of sales during the year as an expense was £44,128 (2023.. £50,290).
17 Debtors
2024
2023
as restated
Amounts falling due within one year:
Trade debtors
Derivative financial instruments
Other debtors
Prepayments and accrued income
47.342
57,217
5,999
65,417
210,084
80.662
96,867
224,871
338,717
2024
2023
as restated
Amounts falling due after more than one year:
Other debtors
76,550
Total debtors
224,871
415,267
-27-

AMANA TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
18 Creditors: amounts falling due within one year
2024
2023
as restated
Notes
Obligations under finan￿ leases
Derivative financial instruments
Trade creditors
Other creditors
Accruals and deferred income
6,075
10,257
111.010
50,152
125.523
152,354
179,329
112,296
296.942
450,054
19 Retirement benefit schemes
2024
2023
Defined contribution schemes
Charge to profit or loss in respect of defined contribution schemes
30.189
30,457
The Charity operates a defined contribution pension scheme for all qualifying employees. The assets of the
scheme are held separately frorn those of the Chartty in an independently administered fund.
20 Restricted funds
The restricted funds of the charity comprise the unexpended balances of donations and grants held on Irusl
subject to specrfic conditions by donors as to how they may be used.
At 1 January
2024
Incoming
resources
Resources
expended
Transfers
Gains and
losses
At31
December
2024
Construction
fund
Servant support
fund
Radio
contributions
fund
Romanian
recovery fund
7,874,523
465,023
(530,803)
{79,296)
7,729,447
4,968
1,487,868
{1,453,2151
(16,558)
23,063
199,359
(134.2951
13,914
78,978
8,865
1,835
(43)
10,657
7,888,356
2,154,085
{2,118,356)
{81,940)
7,842,145
-28-

AMANA TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
20 Restricted funds
(Continued)
Previous year: At 1 January
2023
Incorning
resources
Resources
expended
Transfers
Gains and
losses
At31
December
2023
Construction
fund
Servant support
fund
Radio
conlributions
fund
Romanian
recovery fund
6.415.745
2.360,261
(744.7481
(162.734)
5.999
7,874.523
18,969
1,344,012
(1,358,013)
4,968
101,692
(133.0921
31,400
6.759
2,143
(371
8,865
6,441.473
3.808,108
(2.235.890)
(131,334)
5.999
7,888,356
The Construction fund represents donations made toward the costs for construction at Bower House,
Woodland Camp and Bower Farm and will be used for ongoing construction and redevelopment projects.
The Servant support fund represents donations made toward the support of the employees of the Charity.
The Radio contributions fund represents donations made toward the radio broadcasting and associated costs.
The Romanian Recovery version fund represents donations being given towards the cosls incurred in starting
to translate the Recovery version of the New Testament into Romanian.
The transfer of funds from restricted to general funds relates to overheads allocation.
21 Unrestricted funds
The unrestricted fiJnds of the charity comprise the unexpended balances of donations and grants which are
not subjecl to specific conditions by donors and grantors as lo how Ihey may be used. These include
designated funds which have been set aside out of unrestricted fijnds by the trustees for specific purposes.
At 1 January
2024
Incoming
resources
Resources
expended
Transfers
Gains and
losses
At31
December
2024
General fund
Designated fund
- Managed
Designated fund
- Woodland
Camp
10.133.220
905,560
(1.155.131)
60,725
(16.2551
9,928,119
(12.8611
21,000
8,139
515,114
215
515,329
10,648.334
905,560
(1.167.992)
81,940
(16,2551
10,451,587
-29-

AMANA TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
21 Unrestricted funds
(Continued)
Previous year: At 1 January
2023
Incorning
resources
Resources
expended
Transfers
Gains and
losses
At31
December
2023
General fund
Designated fund
- Managed
Designated fund
- Woodland
Camp
Designated fund
- Construction
9.880.191
1,291,571
(995.3401
(43,202)
10,133,220
(23.2351
23,235
515,114
515,114
363.813
(363,813)
10.244.004
1,291,571
(1.018.575)
131,334
10,648,334
The general fund represents 'free reserrfes. afler allowing for all designated funds.
The designated fund represents rentsl income from managed properties which has been designated for
maintenance costs related to those properties. offset by costs incurred in respect of maintenance carried out.
The transfer of funds from restricted to general funds relates to overheads allocation.
The transfer of funds from general to designated funds relates to funds which were designated to cover
maintenance costs related to Amana Trust managed properties.
22 Analysis of net assets between funds
Unrestricted
funds
2024
Restricted
funds
2024
Total
2024
At 31 December 2024:
Tangible assets
Investments
Currenl assetsllliabilities)
9.429,510
6.575.772
16,005,282
1.022,077
1.266.372
2,288,449
10,451,587
7,842,145
18,293,732
-30-

AMANA TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
22 Analysis of net assets between funds
(Continued)
Unrestricted
funds
2023
Restricted
funds
2023
Total
2023
At 31 December 2023:
Tangible assels
Investments
Current assetsllliabililies)
9,453,856
6,365,278
15,819,134
1,194,478
1,523,077
2,717,555
10,648,334
7,888,356
18,536,690
23 Operating lease commitments
Lessee
Al the reporting end date the Charity had outstsnding commttments forfuture minimum lease payments under
non-cancellable operating leases. which fall due as follows..
2024
2023
Within one year
Between and five years
4,001
9.780
4,001
13,881
13.781
17,882
24 Events after the reporting date
Capital Acquisition
Subsequent lo Ihe year*nd, the charity acquired a freehold propety for a lotal consideration of £1.375
million. As this transaction occurred afler the reporting date and does not relate to conditions existing at that
date, it has not been reflected in the financial statements. The Trustees consider this to be a non-adjusting
evenl afler the reporting period.
Planned Capitsl Project
Following the year-end. the charity commenced planning for a significant capttal project with an estimated
total cost of £15 million. At the date of approval of these financial statements, no contractual commitments
have been entered into. Accordingly, this is also considered a non-adjusting evenl afler the reporting period.
31

AMANA TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
25 Related party transactions
The Charity has employed three famity members of a Trustee during the period (2023: employed Iwo family
members) Their remuneration totalled £66,428 12023.. £31.6381 and is considered to be a market rate for
seNices provided.
During the year, one trustee was provided with onsite accommodation when they are in the UK to support the
delivery of Ihe charity's aclivities. In relum, the Iruslee has provided the Charity with the pemanenl use of
their UK flat.
The trustees of the Charity are also trustees or directors of organisations Ihat donate funds to or enter into
commercial transactions with the Charity. The following transactions are disclosed as the individuals
concerned are regarded as holding a posilion of inlluence in both parties to the transactions concerned at the
time they were entered into.
Mr Joseph H Davis and Mr Curtis Kennard are Irustees of the Charity and are also Iruslees of Living Stream
Ministry in the USA. As at 31 December 2024. related party balances with Living Stream Ministry comprised a
£5,609 Irading balance owed lo Ihe Charity {2023= £6,400 owed by the Charity). During the year, Amana Trust
paid £30,400 {2023= £24,000) to Living Stream Minislry, which related to Ihe purchase of publications for
resale in the Charity's bookshop and re￿iVed £152,800 {2023'. £45,500), which was received as support for
employees of Amana Trust who translate and typeset Living Stream Minisiry publications.
Mr Joseph H Davis is a trustee of the Charity and is also a trustee of the Church in Houston in the USA.
During the year, Amana Trust received £107,20012023= £905.000) from the Church in Houston, of which £Nil
was restricted for use on the UK building project, and £96.100 was restricted for use as support for Christian
workers employed by Amana Trusl.
Mr Dennis Szubert is a Iruslee of the Charity and is also a trustee of the Church in London. As al 31
De￿mber 2024, related party balances with the Church of London comprised of a £14,810 trading balance
owed to the Charity (2023.. £15,400)- During the year. Amana Trust re￿iVed £82,900, which was received for
office rental space, trainee tuition, events and meals (2023.. £78,200). No gifts were paid to the Church in
London (2023.. £1,800).
Mr Dennis Szubert is a trustee of the Charity and is also a trustee of Rhema Trust. During the year, Amana
Trust received £240 (2023.. £240).
26 Cash generated from operations
2024
2023
IDeficit)Isurplus for the year
(226,7031
1,845,214
Adjustments for:
Investment income recognised in staternent of finanual activities
Foreign exchange differences
Depreciation and impaimient of tangible fixed assets
(33.2851
{16,2551
289.079
{12,272)
5,999
263,559
Movements in working Capital:
Ilncrease}Idecrease in stocks
Decreasellincreasel in debtors
IDecrease)lincrease in creditors
{4,2801
184,397
(157,2941
1,223
{76,473)
37,989
Cash generated from operations
35,659
2,065,239
-32-

AMANA TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
27 Analysis of changes in net funds
At 1 January
2024
Cash flows At 31 December
2024
Cash at bank and in hand
2.677,423
{396.1021
2.281,321
Obligations under finance leases
Derivatives relating to debt
(6,075)
5,999
6,075
(5.9991
2.677,347
1396.0261
2.281,321
-33-