Registered Company Number. 05301550 (England and Vvalesl
Registered Charity Number.. 1107553
GLOBAL HORIZONS TRUST
VNAUDrrED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 August 2024
AUKER RHODES PROFESSIONAL SERVICES LLP
Chartered Accountants & Registered Auditors
YEADON

GLOBAL HORIZONS TRUST
CONTENTS
Page
Trustees Report
Independent Examinerfs Report
Statement of Financial Activities
Balance Sheet
Notes to the Accounts
8-12

GLOBAL HORIZONS TRUST
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 AUGUST 2024
The trustees who are also directors of the charity for the purposes of the Companies Act 2006. present their
report with the financial statements of the charity for the year ended 31 August 2024. The trLJStees have
adopted the provisions of the Siatement of Recommended Practice ISORPI 'Accounting and Reporting by
Charities, (FRS 102).
The Board of Trustees, who are also the directors for the purposes of Company Law. submit the formal Report
and Financial Statements of Global Horizons Trust IGHT or Ihe Trust, or'the Charity.) for the year ended 31
August 2024. The Trustees, Annual Report and the financial resulis for Ihe year (which are presented in the
form of a Statement of Financial Activities) are prepared in accordance with the Statement of Recommended
Practice IFRS 102) for charities issued by the Charity Commission and the Companies Act 2006.
REFERENCE AND ADMINISTRATIVE DEfAILS
Registered Company number
05301550 (England and Wales). a private company limited by guarantee
Registered Charity number
1107553
Registered office
26-42 Railway Terrace
Railway Terrace
Rugby
WanNickshire
CV213LJ
Trustees and Directors
Barry Fitzpatrick
Andrew Keith Scolland {Chair)
Joshua Pillay
Company Secretary
Alan James Scotland
Independent Examiner
R.J. Kenyon. FCA
Auker Rhodes Professional Servi￿s LLP
Basement Floor
Focus House
Focus Way
Yeadon
LS19 7DB
Bankers
Lloyds bank
Church Street
Rugby
CV21 3PL
Page 1

GLOBAL HORIZONS TRUST
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 AUGUST 2024
REFERENCE AND ADMINISTRATIVE DETAILS
SoliGitors
Judge Sykes Frixou
York House,
23 Kingsway.
London
WC2B 6YF
EVENTS SINCE THE END OF THE YEAR
Information relaling to events Since the end of the year is given in the notes to the financial statements.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The Trust is a charitable company and its goveming documents are the Memorandum and Articles of
Association dated 13th November 2004. The company was incorporated on 1st December 2004. and
commenced trading on 1 st August 2005 when all assets, liabilities and functions were transferred to it from the
unincorporated charity, the Bible Colle9e of Wales (BCW or'the College'} (Reg. Charity No.. 212216).
All the Trustees subscribe to the doctrinal beliefs underpinning the Charity as originally laid out in the Scheme
of the High Court of England and Wales dated 25 July 1955 relating to BCW and included as section 9.2 in
the Articles of Association for the GHT. Trustees hold office until the end of the AGM held nearest in time lo
the fourth anniversary of their election. subject to retirement by rotation of one third of the Trustees at each
AGM. Trustees retiring by rotation are eligible for re*lection. All Trustees are elected by a SiTnple majority of
all the Trustees entitled lo attend and vote at any meeting ofthe Board. The Trust seeks potential new Trustees
with suitable skills and experience through its existing nehvork of contacts. Potential Trustees are invited lo
attend Trustees, meelings and talk through issues relaling to the charity. before their names are put fo￿ard.
The Trustees oversee and make decisions regarding the strategic direction of the charity. as well as setting
budgets, and dealing with legal and personnel issues. Andrew ScoU8nd holds the position of Execulive
Chaiman. The Trustees delegate the daY-t￿daY running of the charity to the Operations Manager who
oversees all the key objectives and operations of the Trust. Trustees visit the operations of the Trust on a
regular basis and are involved in day-to-day management dwsions as required notably through the Chief
Operations Director and the Church Liaison Director who are both Trustees and part of the Senior Management
Tea¥ll.
Induction and training of new trustees
New Trustees undergo orientation lo brief them on iheir legal obligations under Charity and company law, the
content of the Memorandum and Articles of Association. the committee and decision-making processes, the
business plan and recent financial performance of the Charity- Trustees are encouraged to attend appropriate
external training events where these will facilitate the undertaking of their role.
Wider network
The Trust is a member of the Evangelical Alliance and works closely with numerous churches and Christian
organisations in the UK and in other nations. many of whom are in relationship through the Life link network of
churches. in order to achieve its objectives.
Risk management
The trustees have a duty to identify and rewew the rtsks to which the charity is exposed and to ensure
appropriate controls are in place to provide reasonable assurance against fraud and error.
Page 2

GLOBAL HORIZONS TRUST
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 AUGUST 2024
OBJECTIVES AND ACTivillES
Objectives and aims
The Memorandum of Association lays out Èhe following objects of the Chanty..
To advance the Christian faith and public urKlerstanding of the Christian faith through any lawful means,
anywhere in the worfd.
The aim of the Charty is to bring the gospel of Jesus Christ to every person, that through the death and
resurrection of Jesus, everyone can be reconciled to God.
The Trust has referred to the guidan￿ contained in the Charity Commission's general guidance on public
benefit when reviewng ils aim5 and objectives and planning its future aclivities.
Our core mission, as outlined in our Memorandum ofAssociation. remains to advance the Christian faith and
enhance the public understanding of Ihis faith through any lawful means worklwide. This year has been
particularfy transformalive for the Trust. with strategic restructuring and the introduction of new initiatives aimed
at facilitating a transformative joumey towards a Jesus-centered life. We have worked diligently to position Life
link Global at the forefront of digital evangelism while slrengthening our ties with church-based communities
to offer support and encouragement in their faith joumeys.
Our main objectives ftir the year included.-
Collaborating with key ministries both locally and intemationally to develop new training prograwns for
Christians.
Leveraging digital platforms to share our message widely, complementing our work within church-based
communities.
Developing content specifically designed for social media lo nurture relationships and support individuals on
their faith journey.
Communicating our new vision, mission. and operational structure following our strategic restructuring.
Achievement and Perfomiance
This year has been marked by substantial achievements. aligning with our strategic focus and fresh vision..
Strategic Restructuring: Following our strategic restructuring. we have refined our vision and mission,
ensuring our structure and operation5 are fully aligned with our goals. This has enabled us to operate more
effectively and focus on initiatives thal directly SUp￿t our mission.
Practitioner of the Soul Modules: We have successfully launched a pilot of Practitioner of the Soul modules
across churches in the United Kingdom. This marks the first phase in the devek)pment of 13 modules designed
to equip Christians in their purpose-driven relationship Jesus.
Transitlon of Opportunity 2 Hope.. We have facilitated the transition of Qpportunity 2 Hope into ils own entity.
This strategic move allows the ministy to focus dedicatedly on its mission, ensuring targeted and impactful
delivery of its servI￿s.
Content Development- We have continued to devek)p and diversify our training content, ulilising various
formats to ensure accessibility and engagement. Our focus on digital evangelism and s(Kial media conlent
has allowed us to reach and support a broader audience.
With the Trust's strategic restructuring and the launch of new initiatives. we are poised to expand our reach
and deepen our impact in the coming year. Our commitment to facilitaling a transformative joumey towards a
Jesus-cenlred lifè remains unwavering. We will continue to innovate, collaborate. and leverage digital
platfomis to share Ihe Christian message, supporting individuals and communities in their faith journeys.
We express our heartfelt gralitude to our partners. donors. and volunteers for their unwavering support. Your
coynmitment to our cause inspires us to continue our work wtth renewed zeal and dedication.
Page 3

Conclusion
The Trust enters the ne￿ financial year with a dear ViSFon and a strengthened resolve to advance the Christian
faith. Guided by our redefined objectives and strategic initiatives, we look forward to a year of growlh, outreach,
and transformative impact. Together. we will continue to bring hope and encouragement to individuals
worldwide, fostering a deeper connection wilh the Christian faith.
FINANCIAL REVIEW
The net outgoing resources of the Charity were £175.723 {2023: £397.570). The four main sources of income
are student fees, donations. tithes and offerings from partner churches and membership subscriptions lo our
humanitarian partnerships. The Trust continues lo provide financiai support for Missionaries and Christian
workers both in the UK and overseas.
The financial statements show the Charity has free reserves {unrestricted reserves excluding those designated
for capital assets) of £1.442,894 (2023.. £1.543,616). The Trustees have fomialised their reserves policy which
is to hold sufficient reserves to cover any forecast operalional deficit for the next 12 months. The Trustees are
satisfiad that the level of rèseNes in the trust is adequate.
Subject to the reslricted funds noted below. all surplus assels and funds are held in an ullreslricted fund
holding the capital assets of the Trust.
The Hope far India restricted fund holds member subscriptions pending distribution to beneficiaries located
in India. Restricted funds are £8.724 {2023= £15,061).
- The Opportunty lo Hope102H) restricted fund holds member subscriptions pending distribution to qualifying
projects located anywhere in the world. Only members may submit projects for consideration of which they
have particular awareness and accountability. Restricted funds are £Nil {2023'. £2.231).
- Africa Enterprise Trust. Restricted funds are £Nil (2023- £40.2521.
The restricted funds are administered by small comTnittees with delegated authority from the Trustees.
The Truslees review the major rssks to which the charity is exposed. The Trustees believe Ihat maintaining
reserves at the levels stated. combirked with annual reviews of the controls over key financial systems, will
provide enough resources in the event of adverse condib"ons. The TFUStees are aware of other operational and
exlerrbal risks and compliance with law risks which The Trusl faces and confimi that they have considered
mitigate the significant risks.
FUTURE DEVELOPMENTS
The Trust made an investrnent in Future Fuel, which. due to subsequent developments, has been subject to
significant recoverabilily uncertainties. Following a detailed review and considering legal counsel's advice, a
full provision has been made against the investment in this yearfs financial statements. This decision reflects
the Trust's Gautious approach. recognising Ihe potential impact on our financial position while remaining
hopeful for possible future recoveries. Should any recovery occur. it will be recognised as income in the fiscal
period il is received.
Approved by order of the board of trustees on .
and signed on its behalf by-.
Trustee
ANDREW SCOTLAND
Page 4

GLOBAL HORIZONS TRUST
INDEPENDENT EXAMINER'S REPORT
TO THE CHURCH COMMnEE OF
GLOBAL HORIZONS TRUST
I r&port to the charity Iwstees on my examination of the accounts of Ihe Company for the y8ar ended 31 Augusl 2024.
RESPONSIBILITIES AND BASIS OF REPORT
As the Gharity's trustees of the Company I who are a150 direclors of the compatry for Ihe purposes of wmpany lawl, you are
r8sponsible For Ihe preparation of the accounts acGorrJ3nce with Ihe requiremenis ol the Companies Ad 20061-the 2006 Acl").
Having Satisf￿e￿ M￿Self that the accounts of the Company are not required to bg audited for this year under Part 16 01 Iha 2006 Act
and are elvJible for independent examination. I report in respect of my examination of y)ur ¢harity's accounts as carri￿ out under
section 145 of the Charities Act 2011 lllhe 2011 Act-l. In Ca￿ my examinab"on. I hav8 followed Ihe DiredK)ns given by the
Charity Commission (under section 14515llbl ol the 2011 ACL
INDEPENDENT EXAMINERS STATEMENT
I have completed my exanMnats"on. I confirm that no material matters have conE to my altention which gives me cause to believe
Ihal..
accounting records were not kept in accoTdance th sedion 386 of the Companies Act 2006," or
the accounts do not accord with such records.. or
the accotjnts do not compfy with retevant accounting reouirewrEnts under Section 396 of the
Companies Act 2006 other Ihan any requirement that the accounts give a'lrue and fairf view
which 15 not a matler considered as part of an indeperKlenl examinatK>n- or
the accounts have not p￿pare¢j in accordan￿ wilh the melFK>ds and principles ol the Siatement
of Recommended Practice for acwunting and reporting by charities, applicable to charities preparing th￿r
accounts in accordance wth the FinanGÈal Reporbng Standard aptAicable in the UK and Repvblic ol Ireland
IFRS 1021.
I have no eonceins and have come across other matters in conneclion with examination to wh5ch attenuon should be drawn in
this report in order lo enable a proper understanding of the aG¢ounls to be reachefj.
enyon FCA
er Rhodes Prolessiwal Services LLP
hartered Accounianls
Basement Floof
Focus House
Focus Way
Yeadon
LS19 7DB
Dalè...
Page S

GLOBAL HORIZONS TRUST
STATEMENT OF FIIIAtrICIAL ACnVITIES FOR THE YEAR ENDED 31 AUGUST 2024
an Income and Expen¢Jtswe accountl
Re5fricted
Funds
Year ended
31 August 2024
Totsl
Funds
Yur endèd
31 August 2024
Total
Funds
Year ended
31 Auw$i 2023
Funds
Ye41 ended
31 Augu* 2024
N￿e
INCOMING RESOURCES
In¢om%ng YÈsou¥¢es Irom generaled ￿ndS
Vgluniary In¢A)me
16.936
4.036
20.972
47.631
Incoming resour¢¢$ from char6tth activbtios
Advarhce the ChrisliaTr l*th
41.
48260
6S.784
57 996
11.236
69.232
113.416
RESOURCES EXPENDED
Charitable Activities
Support Costs
Pretnk*S Cost8
Graii15 & Gifts
People G05ts
Advan￿ the Chrtsiart Fath
Governance costs
130.639
11634
130.639
11.634
54.805
14.130
12.599
6.148
154.096
30.764
30.058
28.OS3
17.633
15.593
54.552
14.130
12.599
6.148
TOTAL RESOURCES EXPENDED
175.403
54.552
229.955
276.257
NET INCOMING I IQUTGOINGI RESOURCES
1117.40n
(43.3161
1160.7231
1162.8421
Other ￿ognISed gains 1105ses
Investments a5 irrecover8Ne wffltipn
Galftsfl￿ses ￿ di5posd of Irwe5thenl asse15
TraI￿le[ of funds
1250.0001
15.272
115.IYM)Tr
115.1x￿)
15.5051
NE[ MOVEMENT IN FUNOS
{ 126.9)21
148.8211
1175,7231
1397.5701
RECONCILIATION OF FUNDS:.
B818n*s broughl fo￿￿
Rewalu31im reser
Balances catr*d forwdTd
1.486.072
75 LXK)
1.434.170
57.544
1.543.616
75.OCO
1,442.894
1.941.186
8.724
1.$43.616
Page 6

GLOBAL HORIZONS TRUST
BALANCE SHEEf AT 31 AUGUST 2024
Unrestricted
Funds
31 August 2024
Restricted
Funds
31 August 2024
Total
Funds
31 August 2024
Total
Funds
31 August 2023
Note
FIXEO ASSETS
Tangible assets
Investments
860.988
153,425
1.014,413
860,988
153,425
1,014.413
958.479
120.484
1.078,963
URRENT ASSETS
Debtors
Cash at bank and in hand
10
151.045
302.492
151,045
311.216
178.710
320.508
8.724
453.537
8.724
462.261
499.218
CREDITORS
Arnounts fallin9 due <1Yr
11
133.7801
{ 33,7801
134,5651
NETCURRENT ASSErs
419.758
8.724
428,481
464,653
TOTAL ASSETS LESS CURRENT
LIABILinES
1.434.170
8.724
1,442.894
1.543.616
NET ASSETS
1.434,170
8.724
1.442.894
1,543.616
FUNDS OF THE CHARITY
Brought forward
Nel incoming resources
Revaluation of Property
12
1,48fj.072
1126.9021
75.txKI
57.544
148.821}
1.543,616
1175.7231
75.0()O
1,941.186
1397,570)
Balances Ca￿led forward
1.434,170
8.724
1,442.894
1,543,616
The CO￿panY was entityed lo exemption from audit under 5477 of the Companie5 Act 2006 relating to smal companies.
The rnetnbers have not required the company lo obtain an audil in acrA)fdance wilh seciion 476 01 the Companies Act 2006.
The directors a¢kno￿ledge their fesponsibililies for complw'ng wlh the requirements of the Companies Act 2006 ￿yth respect to accounting
records and the pieparatioTr of accounts_
These accounts have been prepared in accordance th the Statefflent of Recommended Practice ISORP FRS1021. for charities issued by
the Charity Commission and the Charities Acl 2011.
The financial statements approved by the Trustees on ..
Andrew Scotland
Trnjstee
Py7

GLOBAL HORIZONS TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
1. STATEMENT OF ACCOUNTING POLICIES
The following are more important kn¢Junting Poficies acfopted by the Charity"
al ACCOUNTING STANDARDS
These acGounls have been prepared under the lllstorical cost fjonvention with items recognised at cost or
transaction value unlgss otherwise stated in the relevant to these ac¢ounts. The accounts have been
prepared In accordan￿ with the Statement of Recommended Practicè". Accounting and Reporting by Charities
preparing their accounts in acccxdance with the Financial Rewrting Standaid applicable in Ihe UK and Republi¢ of
Ireland IFRS 1021 issued in October 2019 and with the Financial Rep￿ing Standard applicable in the United
Kingdom and Republic of Ireland IFRS 1021 and Trmth Ihe Chanlies Act 2011.
bl INCOMING RESOURCES
Ail incoming resources are included on the Statement of Financial Activities when Ihe charity is legally entI(￿d lo
the income and the amount ¢an be quantified with reasonable accuracy.
cl RESOURCES EXPENDED
Expendilure is accounled for on an accru21s basis and has been dassified under headings Ihal aggregate all costs
related to the category. Where costs cannot be direcvy attributed to particular headings Ihey have been allocated
lo acliwties on 8 basis consistent with the use of resources.
dl TANGIBLE FIXED ASSETS
Depreciation is Provided at Ihe following annual rdtes in order to vrrite off each asset over ils estimated useful life.
Propety - 20/y and 1°h on cosl
Plant and rnachinery- 10% on redu¢ing balance
Land is not depreuated
el STOCKS
Freehold Properties are included as stock where they are acltvely bèiro marketed for sale. Sale of properties are
¥ecognised on CoM￿et1￿.
fl TAXATION
The charity is exempt from corporation tax OD ils charitable ￿ti￿lIeS.
Page 8

GLOBAL HORIZONS TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
gl FUND ACCOUNTING
Unrestricted funds can bg used in accordance with the charilable obiects'ves at the discretion of the trustees.
Designated fuFKls are unrestricted funds eamiafked by the Truslees for particular Pufposes falling in ftjture time
periods.
ReslriGled funds can onty be used for parb(xJlar reslTiCted purposes within the obJ"eGts of the charity. Restrictson5
arise when specified by the donor or when funds are raised for partlCLdar ￿$tricted purposes.
Further explanation of the nature ancl purpose of &3Gh fvnd 15 indLKled in the report of the TTUStees.
h) FIXED ASSET INVESTMENTS
Fixe(5 asset investmersts a￿ Initial￿ re¢ognised al cosl and subsequently measured at market value. Changes in
market value are recognise(1 as other recognised gains or losses on the Statement of Financial Adivitie5. All
income ffoffl these investments Is included in the Slalemenl of Financial Activibes as interest receivab￿ and siwnilar
income.
i) INVESTMENT PROPERTIES
Property consideied by the Truslees lo be Investment PfOPeTty has been valued by the TtUStee5 VAth reference to
their knowledge of the local property market and lo similar properltes and to the potential use of Ihe properties on a
sale.
Page 9

GLOBAL HORIZONS TRUST
NOTES TO THE ACCOUNTS
FOR THE YEAR EKIED 31 AUGUST2024
VOLUNTARY114COME
Vnresthcted
Funds
Yearendqd
31 Auyust2024
Totsl
Funds
YeareDthd
31 ￿uSt2024
Total
Funds
Year ended
31 August 2023
F￿r￿S
31 ￿￿12￿24
Donaliorts
1.168
643
518
23.237
1.371
1.16B
642
518
13.237
1,371
675
2.969
37.047
1,7Y
missio￿ Fui
Church Tilbes
GerEral
02H Gift Ai
HO￿ for Ir¥Jia DO￿lbor6
1.1(
2.930
2.930
20.972
3152
47.631
16.W
ADVANCE THE CHRISTIAN FArrH
Vnre¥lrj¢thd
Funds
Yearendèd
31 Auwst2024
T¢)tal
Futtds
Yèarended
31 ￿9}tst 2024
Total
Funds
Year ende¢J
31 August Z023
31 Augy$t2tr24
Lgadets 08yS
Te￿pIt 8uk1ifvJs
AET DonaDu
AET Gitt Aid
02H Ir￿me
615
40.0
15.351
1.323
S.495
65.784
40.tJix)
40.orK)
337
33T
6￿63
6.863
41.(ffj0
SUPPORTCOSTS
Total
Funds
Yeèr ended
31 August 2023
Fund5
Yearend
31 Au9itst2D24
Funds
Year ended
31 Awust 2024
Funds
Yearendèd
31 ￿￿gUSt 2024
Tplephune 3t* Fax
CompiitÈr sO￿are & MaintenxKe
Prmlity. Posiage & qt2ts0nery
LilerJlyr¥. Bod(5 & ktrediia11￿ Fee
Sur¥Jry Exp￿5
Legal and Prafe5siLwI Fees
Ttsvel and Sub&stence
Depreualion ol LEasetyA¢ Pfup&1y
De0￿clabOr1 tsl Flxknosw￿ Fimngs
6.4B8
953
6.488
953
4.952
1.255
176
3.730
5.4
88.017
18.324
10 408
4695
79.711
6.1
1.348
5.357
1Y.
5.459
8B.017
1&324
5.230
130.639
5.2
130,639
PREMISES COSTS
Unfestheted
Funds
Yearended
31 August 2
Totsi
Fupdy
Year Ended
31 AugLlSt2024
Total
FuThd5
Year end¢d
31 ALJgust 2023
Fund5
Yearerthd
31 fv¥yu5t2D24
Facliknes
IrtsJrance
70.070
10.070
29.033
1.730
30.764
P•lO

GLOBAL HORIZONS TRUST
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 AUGUST 2024
PEOPLÈ COSTS
UnrestrÉcted
Funds
Totsl
Funds
Year ettded
31 August 2024
Total
Funds
Year ended
31 Au9uyI 2023
Funds
31 Augts* 2024
31 Auyiis12024
Wages Salaries
Furfough Gr8nt hcome
PrornDlion of the College
7.663
14.705
5.f95
7.115
7.015
7.115
7.015
14.130
14.130
28.063
No s14ff membefs WEre pails ffl(xE than £50.0W.
The aVer￿e numberolempb>Ee5. caltxAaled on a tulkbme equiwdlefjlba56. aftdysed by was"
Yearended
31 AJJgust 2D24
Yeaf enLled
31 Auguyt 2023
Managernent and administra11￿ of the chanly
ADVANCE THE CHRISTIAN FAITh
UTrrestricted
Fund5
Year ended
31 August 2W24
Restricied
Funds
Year ended
31 August 2024
Yolal
Fund5
Year ended
31 August 2D24
Total
Fund$
Year eNled
31 A¥9LlSt 2023
M3rkeli
Bennel Street Cosis
King Edward Street CDs1s
Aspen Walk fosls
Londim Road C(￿15
Leadership Ac8demy C051S
Mumble5 Bay Flat Costs
5.189
4.947
11.4811
5,189
4.947
11,481
3,271
5.086
5.855
477
187
1.005
2.939
1.005
2.939
2.711
12.599
12.599
17.683
GOVERNANCE COSTS
Total
Fund5
Year gndÈd
31 August 2024
Total
Funds
Year ended
31 August 2023
Funds
Year ended
31 Aug￿1 X¢24
Fund5
Year ended
31 Aug￿12024
48
6.100
10.193
5.400
Gener31 Costs
Accountsnty
48
6.100
6.148
6.148
15.593
FIXED ASSETS
Freehold
Pfoperty
Leasets)kl
PropErty
Fitling5
To￿$
CO￿ or vahJatioTh al 1 September 2023
Aédilions
DIsFW)S
ReV￿u2110n
?￿.[
134ffj18
85.2&7
4.087
-015.101
4.087
1170,(YJOI
75.000
75.LKYJ
Cost at 31 August 2024
700,￿0
134.818
89.370
924,188
Deprecial￿n at 1 Sepiember YJ23
D8p*cialion Charge
Depreciaiion oft Disposal
19.$47
37.075
5.230
56.622
6.57B
Deprecialion £t 31 Auw 2024
20WS
42.305
63.200
Nei book vawie ai 31 Augusi 2024
7￿.(￿?0
113.923
47 Q65
.98S
Nei book va￿* al 31 Awsi 2023
795.QOD
115.271
48.2
958.479
The FF*hold property has been valued wlh reference to histL￿￿ niatkeidgta ￿￿en1Ver￿lS. and supwned by an INSePe￿JeThIV8lUe￿'S assessm8nt on a
va<*nl possession basE ￿ Ih? lease remairmng.
P8ge11

GLOBAL HORIZONS TRVST
NOTES TO TIE ACCOUNTS
FOR THE YEAR ENOED 31 AUGUST 2024
to. DE8TORS
Year ende
31 Augu8t 2024
Year ended
31 Au9llSt 2023
Unresrricled Fu
Other deblor5
IlnGludÈs an of£150K Is recoverable more than a stratrlhe repcrfthj ￿ate)
151.045
778.710
151.045
178.710
Restricted Fund
Tutal Fund
151.045
178.T10
11. CREDITOR5 .' amounts due
wlthln one year
Yearended
31 August 2024
Year wd¢d
31 August 2023
TrÈ(le Credi￿r5
Other credilors
9.372
24.409
14,031
20.534
33.781
34.565
12. RESERVES
As at ￿4￿.23
Transfer of
FuThJs
RevthatiQYE of
Property
As at 31￿8-24
Balance
Movernert In
Funts
Unrestrlcipd funLIs
General fund
1.486.071
1.486 071
IY2.4071
(132.4071
1.359.170
1.359.170
YJ9
Rèstrictgd funds
Hope for India
OppoTrunity 2 H(ye
Alrica EDleTprL8e TfUS1
15Cfj1
2,231
40.252
14.24101
35.880
131 879)
12.0971
141.5561
337
8.724
18.7101
57 545
12391
143.3161
15.2661
8.724
Property Revaluation
75,000
75,WO
Tolal Funds
1.543.616
1175.7231
7&000
1,442.894
In prepariw the financbal 5ts1emerts. an error In tre cL8ssi￿(8t￿ of ￿rtaITr exf￿￿ t*￿Ve￿ ifidmdu￿ Funds WÈS Klelltified. ￿sIr￿j in 2038. T*e correc*on
noled atxjve addresses theerTtrs idenbfTe(J.
Nel movement in furuls. Niduded in ihe abDve are as fdkNv5'.
kKomtng
Resources
expendEd
Gain and
Losses
Mtsvement kn
lunds
Unrestrl¢ted funds
General tund
57 YJ6
1175.4031
115.OWI
1132.4071
R88tr¢¢tod lundts
Hope for Indk9
Opportunty 2 Hope
Africa Enterprise Tfusi
I S.027 j
149.5251
12.0971
14";.5561
337
337
Totsl Funtls
69.231
1229.9561
115,000
1175,7231
1). TRANSACTIONS WITH TRUSTEE5
A K ScoiL7nd re￿Ived lees of£Nil (2023". £Nil) during the year etsled 31 AtwsI21)24.
14. CONTROLLING PARTY
The Church was ￿trOlled by Trust￿5 tsouglmxjl fv current atKI prev￿ ￿.
Pa9e 12