2025-08-31-accounts

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Registered Company Number: 05301550 (England and Wales) Registered Charity Number: 1107553

GLOBAL HORIZONS TRUST

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 August 2025

H A Y W A R D W R I G H T (L E E D S) L T D

Chartered Accountants

YEADON

GLOBAL HORIZONS TRUST

	Page
Trustees Report	1 - 4
Independent Examiner's Report	5
Statement of Financial Activities	6
Balance Sheet	7
Notes to the Accounts	8 - 12

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Supporting Churches and Leaders

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Teaching, Discipleship and Training

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Overseas Ministry Relationships

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Stewardship Supporting Ministry

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Financial Review

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Reserves Policy

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Risk Management

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Plans for the Coming Period

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Trustees' Responsibilities Statement

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GLOBAL HORIZONS TRUST

INDEPENDENT EXAMINER'S REPORT

TO THE CHURCH COMMITTEE OF

GLOBAL HORIZONS TRUST

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 August 2025.

RESPONSIBILITIES AND BASIS OF REPORT

As the charity's trustees of the Company ( who are also directors of the company for the purposes of company law), you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ("the 2006 Act").

Having satisfied myself that the accounts of the Company are not required to be audited for this year under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity’s accounts as carried out under section 145 of the Charities Act 2011 (“the 2011 Act”). In carrying out my examination, I have followed the Directions given by the Charity Commission (under section 145(5)(b) of the 2011 Act.

INDEPENDENT EXAMINER'S STATEMENT

I have completed my examination. I confirm that no material matters have come to my attention which gives me cause to believe that:

accounting records were not kept in accordance with section 386 of the Companies Act 2006; or

the accounts do not accord with such records: or

the accounts do not comply with relevant accounting requirements under section 396 of the Companies Act 2006 other than any requirement that the accounts give a 'true and fair' view which is not a matter considered as part of an independent examination; or

the accounts have not been prepared in accordance with the methods and principles of the Statement

of Recommended Practice for accounting and reporting by charities, applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

………………………………………………..

R. J. Kenyon FCA Hayward Wright (Leeds) Ltd Chartered Accountants Basement Floor Focus House Focus Way Yeadon LS19 7DB

05 May 2026

Page 5

GLOBAL HORIZONS TRUST

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 AUGUST 2025

(incorporating an Income and Expenditure account)

Note INCOMING RESOURCES Incoming resources from generated funds Voluntary Income 2 Incoming resources from charitable activities Advance the Christian faith 3 RESOURCES EXPENDED Charitable Activities Support Costs 4 Premises Costs 5 Grants & Gifts People Costs 6 Advance the Christian Faith 7 Governance costs 8 TOTAL RESOURCES EXPENDED NET INCOMING / (OUTGOING) RESOURCES Other recognised gains / losses Transfer of Funds Investments as irrecoverable written off Gains/losses on disposal of investment assets Investment Income / Interest NET MOVEMENT IN FUNDS RECONCILIATION OF FUNDS:- Balances brought forward Property Revaluation Reserve Balances carried forward	Unrestricted Funds Year ended 31 August 2025 £ 11,371 40,168 51,539 114,884 3,107 750 6,524 5,952 6,017 137,234 ( 85,693) 980 ( 132,093) - 69 ( 216,736) 1,408,170 26,000 1,217,434	Restricted Funds Year ended 31 August 2025 £ 1,341 2,824 4,166 - - 11,910 - - - 11,910 ( 7,744) ( 980) - ( 8,724) 8,724 - -	Total Funds Year ended 31 August 2025 £ 12,712 42,992 55,705 114,884 3,107 12,659 6,524 5,952 6,017 149,142 ( 93,438) ( 132,093) - 69 ( 225,460) 1,416,894 26,000 1,217,434	Total Funds Year ended 31 August 2024 £ 20,972 48,260
				69,232
				130,639 11,634 54,805 14,130 12,599 6,148
				229,955
				( 160,723) - ( 15,000) -
				( 175,723) 1,543,616 75,000
				1,442,894

Page 6

GLOBAL HORIZONS TRUST

BALANCE SHEET AT 31 AUGUST 2025

Note FIXED ASSETS Tangible assets 9 Investments CURRENT ASSETS Debtors 10 Cash at bank and in hand CREDITORS Amounts falling due <1Yr 11 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES NET ASSETS FUNDS OF THE CHARITY 12 Brought forward Property Revaluation Reserve Net outgoing resources Balances carried forward	Unrestricted Funds 31 August 2025 £ 854,933 60,916 915,850 125,705 206,754 332,459 ( 30,875) 301,584 1,217,434 1,217,434 1,408,170 26,000 (216,736) 1,217,434	Restricted Funds 31 August 2025 £ - - - - - - - - - - 8,724 (8,724) -	Total Funds 31 August 2025 £ 854,933 60,916 915,850 125,705 206,754 332,459 ( 30,875) 301,584 1,217,434 1,217,434 1,416,894 26,000 (225,460) 1,217,434	Total Funds 31 August 2024 £ 860,988 153,425
				1,014,413 151,045 311,216
				462,261 ( 33,780)
				428,481
				1,442,894
				1,442,894
				1,543,616 75,000 (175,723)
				1,442,894

The company was entitled to exemption from audit under s477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the Statement of Recommended Practice (SORP FRS102), for charities issued by the Charity Commission and the Charities Act 2011.

The financial statements were approved by the Trustees on 05 May 2026

…………………………………………………………………

Andrew Scotland

Trustee

Page 7

GLOBAL HORIZONS TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025

1. STATEMENT OF ACCOUNTING POLICIES

The following are the more important Accounting Policies adopted by the Charity:

a) ACCOUNTING STANDARDS

These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant notes to these accounts. The accounts have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued in October 2019 and with the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and with the Charities Act 2011.

b) INCOMING RESOURCES

All incoming resources are included on the Statement of Financial Activities when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy.

c) RESOURCES EXPENDED

Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

d) TANGIBLE FIXED ASSETS

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Property - 1% on cost

Plant and machinery - 10% on reducing balance Land is not depreciated

e) STOCKS

Freehold Properties are included as stock where they are actively being marketed for sale. Sale of properties are recognised on completion.

f) TAXATION

The charity is exempt from corporation tax on its charitable activities.

Page 8

GLOBAL HORIZONS TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025

g) FUND ACCOUNTING

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Designated funds are unrestricted funds earmarked by the Trustees for particular purposes falling in future time periods.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the report of the Trustees.

h) FIXED ASSET INVESTMENTS

Fixed asset investments are initially recognised at cost and subsequently measured at market value. Changes in market value are recognised as other recognised gains or losses on the Statement of Financial Activities. All income from these investments is included in the Statement of Financial Activities as interest receivable and similar income.

i) INVESTMENT PROPERTIES

Property considered by the Trustees to be Investment Property has been valued by the Trustees with reference to their knowledge of the local property market and to similar properties and to the potential use of the properties on a sale.

Page 9

GLOBAL HORIZONS TRUST

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2025

2. VOLUNTARY INCOME

Donations Gift Aid Mission Fund Church Tithes General O2H Gift Aid Hope for India Donations ANCE THE CHRISTIAN FAITH Leaders Days Temple Buildings AET Donations AET Gift Aid O2H Income PORT COSTS Telephone and Fax Computer Software & Maintenance Printing, Postage & Stationery Literature, Books & Accreditation Fee Sundry Expenses Legal and Professional Fees Travel and Subsistence Depreciation of Leasehold Property Depreciation of Fixtures and Fittings MISES COSTS Facilities Insurance	Unrestricted Funds Year ended 31 August 2025 £ 439 - - 9,533 1,399 - - 11,371 Unrestricted Funds Year ended 31 August 2025 £ 168 40,000 40,168 Unrestricted Funds Year ended 31 August 2025 £ 1,750 320 1,214 2,254 10,656 77,650 14,984 1,348 4,707 114,884 Unrestricted Funds Year ended 31 August 2025 £ 2,411 695 3,107	Restricted Funds Year ended 31 August 2025 £ - - - - - - 1,341 1,341 Restricted Funds Year ended 31 August 2025 £ - - 87 - 2,737 2,824 Restricted Funds Year ended 31 August 2025 £ - - - - - - - - - - Restricted Funds Year ended 31 August 2025 £ - - -	Total Funds Year ended 31 August 2025 £ 439 - - 9,533 1,399 - 1,341 12,712 Total Funds Year ended 31 August 2025 £ 168 40,000 87 - 2,737 42,992 Total Funds Year ended 31 August 2025 £ 1,750 320 1,214 2,254 10,656 77,650 14,984 1,348 4,707 114,884 Total Funds Year ended 31 August 2025 £ 2,411 695 3,107	Total Funds Year ended 31 August 2024 £ 1,168 642 518 13,237 1,371 1,106 2,930
				20,972
				Total Funds Year ended 31 August 2024 £ 1,060 40,000 337 6,863
				48,260
				Total Funds Year ended 31 August 2024 £ 6,488 953 1,090 3,730 5,459 88,017 18,324 1,348 5,230
				130,639
				Total Funds Year ended 31 August 2024 £ 10,070 1,564
				11,634

3. ADVANCE THE CHRISTIAN FAITH

4. SUPPORT COSTS

5. PREMISES COSTS

Page 10

GLOBAL HORIZONS TRUST

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2025

6. PEOPLE COSTS

Unrestricted Funds Year ended 31 August 2025 £ Furlough Grant Income 4,668 Promotion of the College 1,856 6,524 No staff members were paid more than £50,000. ADVANCE THE CHRISTIAN FAITH Unrestricted Funds Year ended 31 August 2025 £ Marketing 915 Temple Building Costs 1,923 Bennet Street Costs - King Edward Street Costs - Leadership Academy Costs 342 Mumbles Bay Flat Costs 2,772 5,952 GOVERNANCE COSTS Unrestricted Funds Year ended 31 August 2025 £ General Costs 283 Accountancy 5,734 6,017 FIXED ASSETS Freehold Leasehold Property Property £ £ Cost or valuation at 1 September 2024 700,000 134,818 Additions - - Disposal - - Revaluation - - Cost at 31 August 2025 700,000 134,818 Depreciation at 1 September 2024 - 20,895 Depreciation Charge - 1,348 Depreciation on Disposal - - Depreciation at 31 August 2025 - 22,242 Net book value at 31 August 2025 700,000 112,576 Net book value at 31 August 2024 700,000 113,923	Unrestricted Funds Year ended 31 August 2025 £ Furlough Grant Income 4,668 Promotion of the College 1,856 6,524 No staff members were paid more than £50,000. ADVANCE THE CHRISTIAN FAITH Unrestricted Funds Year ended 31 August 2025 £ Marketing 915 Temple Building Costs 1,923 Bennet Street Costs - King Edward Street Costs - Leadership Academy Costs 342 Mumbles Bay Flat Costs 2,772 5,952 GOVERNANCE COSTS Unrestricted Funds Year ended 31 August 2025 £ General Costs 283 Accountancy 5,734 6,017 FIXED ASSETS Freehold Leasehold Property Property £ £ Cost or valuation at 1 September 2024 700,000 134,818 Additions - - Disposal - - Revaluation - - Cost at 31 August 2025 700,000 134,818 Depreciation at 1 September 2024 - 20,895 Depreciation Charge - 1,348 Depreciation on Disposal - - Depreciation at 31 August 2025 - 22,242 Net book value at 31 August 2025 700,000 112,576 Net book value at 31 August 2024 700,000 113,923	Restricted Funds Year ended 31 August 2025 £ - - - Restricted Funds Year ended 31 August 2025 £ - - - - - - - Restricted Funds Year ended 31 August 2025 £ - - - Fixtures and Fittings £ 89,370 - - - 89,369 42,305 4,707 - 47,012 42,357 47,065	Total Funds Year ended 31 August 2025 £ 4,668 1,856 6,524 Total Funds Year ended 31 August 2025 £ 915 1,923 - - 342 2,772 5,952 Total Funds Year ended 31 August 2025 £ 283 5,734 6,017 Totals £ 924,188 - - - 924,187 63,200 6,055 - 69,255 854,933 860,988	Total Funds Year ended 31 August 2024 £ 7,115 7,015
				14,130
				Total Funds Year ended 31 August 2024 £ 5,189 - 4,947 (1,481) 1,005 2,939
				12,599
				Total Funds Year ended 31 August 2024 £ 48 6,100
				6,148

	700,000 134,818
	- 20,895 - 1,348 - -
	- 22,242
	700,000 112,576
	700,000 113,923

7. ADVANCE THE CHRISTIAN FAITH

8. GOVERNANCE COSTS

9. FIXED ASSETS

The Freehold property has been valued with reference to historical market data and current trends, and supported by an independent valuer’s assessment on a vacant possession basis given the short lease remaining.

Page 11

GLOBAL HORIZONS TRUST

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2025

10.	DEBTORS					Year ended		Year ended	Year ended
						31 August 2025	31 August		2024
						£		£
	Unrestricted Fund
	Other debtors					125,705		151,045
						125,705		151,045
11.	CREDITORS : amounts due					Year ended		Year ended
	within one year					31 August 2025	31 August		2024
						£		£
	Trade creditors					14,937			9,372
	Other creditors					15,938		24,409
						30,875		33,781
12.	RESERVES
		As at 01-09-24	Opening		Net	Transfer of	As at 31-08-25
			Revaluation		Movement in	Funds
			Reserve Adj.		Funds
		£	£		£	£		£
	Unrestricted funds
	General fund	1,359,170		49,000	( 217,717)	980		1,191,434
		1,359,170		49,000	( 217,717)	980		1,191,434
	Restricted funds
	Hope for India	8,724			441	( 9,164)			-
	Opportunity 2 Hope	-			( 8,271)	8,271			-
	Africa Enterprise Trust	-			87	( 87)			-
		8,724		-	( 7,743)	( 980)			-
	Property Revaluation Reserve	75,000	(	49,000)				26,000
	Total Funds	1,442,894		-	( 225,460)	-		1,217,434
	In preparing the financial statements, an error in the classification of certain expenses between individual Funds was identified, arising in 2018. The correction
	noted above addresses the errors identified.
	Net movement in funds, included in the above are as follows:
		Incoming	Resources		Investment	irrecoverable	Movement in
		resources	expended		Income / Interest	written off	funds
		£	£		£	£	£
	Unrestricted funds
	General fund	51,539	( 137,234)		69	( 132,093)	(	217,717)
	Restricted funds
	Hope for India	1,341		( 900)	-	-		441
	Opportunity 2 Hope	2,738	(	11,010)	-	-		( 8,271)
	Africa Enterprise Trust	87			-	-		87
	Total Funds	55,705	( 149,143)		69	( 132,093)	(	225,460)

In preparing the financial statements, an error in the classification of certain expenses between individual Funds was identified, arising in 2018. The correction noted above addresses the errors identified.

13. TRANSACTIONS WITH TRUSTEES

A K Scotland received fees of £Nil (2024 : £Nil) during the year ended 31 August 2025.

14. CONTROLLING PARTY

The Church was controlled by the Trustees throughout the current and previous year.

Page 12

GLOBAL HORIZONS TRUST

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

GLOBAL HORIZONS TRUST

CONTENTS

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Supporting Churches and Leaders

Teaching, Discipleship and Training

Overseas Ministry Relationships

Stewardship Supporting Ministry

Financial Review

Reserves Policy

Risk Management

Plans for the Coming Period

Trustees' Responsibilities Statement

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GLOBAL HORIZONS TRUST

INDEPENDENT EXAMINER'S REPORT

TO THE CHURCH COMMITTEE OF

GLOBAL HORIZONS TRUST

RESPONSIBILITIES AND BASIS OF REPORT

INDEPENDENT EXAMINER'S STATEMENT

05 May 2026

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 AUGUST 2025

(incorporating an Income and Expenditure account)

GLOBAL HORIZONS TRUST

BALANCE SHEET AT 31 AUGUST 2025

Andrew Scotland

GLOBAL HORIZONS TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025

1. STATEMENT OF ACCOUNTING POLICIES

a) ACCOUNTING STANDARDS

b) INCOMING RESOURCES

c) RESOURCES EXPENDED

d) TANGIBLE FIXED ASSETS

e) STOCKS

f) TAXATION

GLOBAL HORIZONS TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025

g) FUND ACCOUNTING

h) FIXED ASSET INVESTMENTS

i) INVESTMENT PROPERTIES

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2025

2. VOLUNTARY INCOME

3. ADVANCE THE CHRISTIAN FAITH

4. SUPPORT COSTS

5. PREMISES COSTS

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2025

6. PEOPLE COSTS

7. ADVANCE THE CHRISTIAN FAITH

8. GOVERNANCE COSTS

9. FIXED ASSETS

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2025

13. TRANSACTIONS WITH TRUSTEES

14. CONTROLLING PARTY

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