THE NGM TRUST FINANCIAL STATEMENTS
31 AUGUST 2025
Charity Number 1143696
Company Number 07721640

THE NGM TRUST
FINANCIAL STATEMENTS YEAR ENDED 31 AUGUST 2025
CONTENTS
PAGES
Trustees, annual ￿port
Reference and administrative
information
10
Independent Examinels report to the Trustees
11
Slatemenl of Financial Activities
12
Balance Sheet
13
Notes to the financial statements
14-22

THE NGM TRUST
TRUSTEES, REPORT
YEAR ENDED 31 AUGUST 2025
The Trustees have pleosure in presenting their report and the financial statements of the
charity for the year to 31 August 2025.
The Tnjstees have had due regard. as required by the Charities Act 2011 to the Charity
Commission's general guidance on public benefit when reviewing its aims and objectives
and in planning its activitie5.
Objects of the charlty
The Charity s objects {Ihe"Obje¢ts"l are io advance religion by the promolion of the Christian
faith through the provision of support. education. facilities. services and any other assistance
as the Charity thinks fit to any other charity. class of person or specific person in England and
anywhere else in the World.
Structure, Govemance and Management
The NGM Trust is constituted as a registered charity and was incorporated with ils
memorandum and articles on 28th July 2011.
New Trustees may be appointed by a resolution of the Trustees and recorded in the
minutes.
A Trustee can retire at any point by pulling hislher resignats'on in writing; this is also
recorded in the minutes.
The Trustees may in their absolute discretion remove any Trustee by a resolution
proposed at a meeting of the Trustees as long as Ihis is approved by the majority.
The Trustees also elect a chaimian and determine the period for which helshe is to
serye.
Organlsatlon
The charity is governed by a l)oard of Trustees. (who a￿ also directors for the purpose of
company lawl which is responsible for setting the strategic direction of the charity and for
establishing policy. The board of Trustees meets regularly and delegates the day to day
operation of the charity to a group of experienced leaders led by Nancy Goudie. When
Trustees are appointed, they are given a full Ove￿ieW of the charity's work and have the
opportunity to ask questions, so they can understsnd the full scope of the charity and what the
expectations are of them as a Trustee. Ongoing training for the Trustees is something that is
recognised as important: there was an extensive training session for the Trustees in Autumn
2018, further training was completed in June 2022 and Ihis was updated again in November
2025.
Review of the activities
Our vision is to see lives transfomied by the message we carry throughout the UK and beyond
and we certainly have seen that happen again this year. Through Ihe activities of the charity,
we have seen many lives changed through the love of God and it is our privilege lo be able to
share some of the stories with you in this ￿pOrt.

THE NGM TRUST
TRUSTEES, REPORT
YEAR ENDED 31 AUGUST 2025
Our main areas of operation are as follows:
Conferences and events
This year Nancy {and Zoe) have been ministering in several places around the UK and
abroad from Scotland lo Yatley. from Preston to London and a few places in between as
well. There isn't space in this report to write everything we have seen happen so here are a
few of our highlights..
Whilst in ministering abroad in September 2024, Nancy spoke at a gathering in a home lo a group of
over 20 people. All these people Nancy had seen before and what she shared had impacted their
lives. On this visit she gave a copy of her book- You Are Loved - to each lady who attended. One of
the wornen contacted the organiser to say she felt from the Lord that she should give her copy of the
book lo a woman in her office and when she did the woman immediately broke down in learsl The
lady who had given il lo her is so inspired at seeing what God did that she has now ordered more
copies lo give lo others in her office! Al the women thal Nancy spoke lo were from various countries
Africa. Middle East. India, Ausralia etc. Although they had a different faith or none, each one met
with Jesus for themselves in a foreign land. All the women expressed lo Nancy how much her visits
had deeply impacted them. They all wrote to Nancy- One lady said.. .1 am so gralefvl lo have mel you
and also lo see you again. You encouraged me in a very crucial lime of my life. Thank youl" S.
Another lady said, "Nancy thank you for blessing us with your presence and for everything you did for
usl I'rn truly grateful for this experience Love B-. Another lady said, 'Nancy thank you so much for
this incredible weekend. Your faith and light is an inspiration. I feel full of the Spirit aftèr your
wonderous leaching- J."
In Scotland In October 2024 we ran three events. The first was a Peace, Health and Wellbeing
evening in a very deprived area of Glasgow lin the bottom 5 /0 of the most deprived places in the UK).
These ladies were not Christians although a Christian lady who has been working with them for years
pul on the event - this was their first light introduction to Christianity. Zoe briefly talked about her faith
as part of wellbeing and then Nancy led a Christian meditation. All the ladies who allended said they
fell stressed and anxious before they came and Ihey left feeling calm and relaxed. One lady asked
Nancy if she was a psychic which led to Nancy sharing Jesus and giving her a You Are Loved book
which one of the leaders is now going to go through wilh her. All the ladies said they slept better than
they had before after the evening. The second was a Spiritual Health Day in Irvine. God did so much
through the day bul the two highlights were that one of Ihe team had a word from God that someone
was al the event who had been in care and had never really fell God could love them. As the word
was given a lady who was talking to Zoe started sobbing saying 'lhal's me" She received prayer for
the trauma of being in care and was totally set free and experienced God's love for herself. Another
team member had a word of a note in a bottle with the word help on it and felt that there was someone
there who fell God hadn't heard them but he wanted them lo know he had. A woman responded
sobbing explaining her and her husband had been going through a really hard time in life and it got so
bad that one night they wrote help on a piece of paper and pul il in a bottle and threw il out lo sea in
frustration as they fell God hadn't heard them! She was able to know her prayers had been heard-
and that God was working in their situation - incredible! There is so much MO￿ but we don't have the
space lo share il here. So many came to speak to us or pray with us afterwards expressing their
thanks again and again. One lady told Nancy with tears in her eyes Ihal Nancy would never know
how much that day had meant to her. In East Kilbride Nancy had a chance lo share with the church
the miracles we have seen God do over the last while in NGM and to pray for them that God would
increase their faith as individuals and as a church. It was a powerful lime. We also had the privilege
lo pray for many in the church and afterwards they were discussing how much they valued hearing
about what God as doing in the UK and abroad t(K).

THE NGM TRUST
TRUSTEES, REPORT
YEAR ENDED 31 AUGUST 2025
In London Nancy spoke on grief at Christmas - the audience were so engrossed in Ihe story you could
hear a pin drop as Nancy spoke. Many ofthe audience came up lo Nancy aftetwards saying how
gralefvl they were for Nancy s honesty and how it had helped them in their journey through grief.
One of the main events we have been working on during this ffinancial year is the Spiritual Health
Relreals. We held one in March in Devon. These are for a small group of 20- 30 ladies. As you will
see from the below report, God moved powerfully during this time. Every single lady who came heard
God speak lo them during the retreat and many lives were transfomied. Here is a small summary
Nancy wrote on her retum after that retreat= "So many people told me that through this weekend
retreat God had transformed them. One lady said it far exceeded her expeclab'ons. The Lord woke me
up al 1..30am and I had a huge burden to pray for the women al the retreat. As I prayed, I felt God
download lo me a word for L - a pastor of a church. God told me lo read over her Jererniah 29.'11
which lumed out lo be her verse she got from God at the beginning of her calling years ago. She was
handing over the leadership of her church to another pastor. She thought this was the best thing for
her church. Bul God told me to tell her that he was not finished with her yel. God was not pulling her
out to graze. Instead, he wanted to remind her that in the Bible there is no retirement from your calling.
Zoe and I had not talked about this at all but as Zoe prayed for L that same night God told her to tell L
God is not finished with her yet. The same words I gol. As I gave oul Ihis word Iwilh other things that
God had said) God worked so deeply in this wonderful lady. She went home with the prophecy lo talk
lo her church leadership team. She felt God transform her. She didn't know if she could come on this
weekend as she was so under confident. She wenl back home Iransfomied and confident in her
calling. Woohoo. God also downloaded to me about others and his word transformed their lives too.
God downloaded his words to me for four hours in the middle of the night and the next day I thought I
would be exhausted from not sleeping but instead I was energised and full of the Holy Spirit. An
incredible sign that God had done something deep in me as well as these women. I had been feeling
before this download that people would go horne having missed what God was doing and therefore
would not want lo come back but instead God Iransfomied lives and they all want to come lo other
events we are doing. You could physically and spiritually see the change God did in $0 many- their
faces were shining with God's love. 11 was incredible.. Here's a report on another lady who allended
the same weekend. When C arrived at the retreat, she was tired and really struggling. She didn't feel
like God ever spoke lo her. During the first session she was thinking .1 bel God speaks lo all the
others here, bul he won't speak to me." She really struggled with the spiritual exercises. On the
Sunday moming session, she said she felt herself cornplelely change and she realised God could
speak lo her and that he was indeed speaking to her. She says she ￿MeMberS chatting to Nancy and
she fell like a new person. Since she got back home God has really spoken lo her about what she can
do." Il's such a privilege to see lives transformed by God through the work we do.
Also, in April, Nancy spoke at a revival prayer meeting in Ayr in Scotland where il was humbling to see
people of all denominations praying for revival. So many spoke with Nancy afterwards saying that God
had spoken clearly to them during her talk. Nancy and Zoe then wenl on lo meet various church
leaders and pastors across Scotland and from those that we met we have had bookings for our next
visit lo Scotland. Nancy has been asked to lead a prayer session al a pastors, prayer gathering in
January 2026 in Scotland for over 300 pastors. Nancy & Zoe have now gol more invites to speak in
Scotland including a Spiritual Renewal meeting at Queens Park Baplisl Church {one of the largest
Baptist churches in Scotiandl, plus speak at the same church on the Sunday moming. We also held
an outreach event on the Friday night too at Queens Park. This whole weekend was such a blessing
lo many. We prayed and talked with so many men and women after these services in AulLJmn 2025.
We have also been asked to go back to one of the rM)oresl areas in Glasgow to run an event and also
lo work wlh a group in Ardrossan who help people recover from addicbons. This loo happened in
autumn 2025. We are excited as to what God is opening up in Scolland for our work.
We held another retreat in May and had around 30 ladies attend from all over the country, although

THE NGM TRUST
TRUSTEES, REPORT
YEAR ENDED 31 AUGUST 2025
the majority from the north. Again, God moved during the retreat in powerful ways. Many women
experienced the presence of the Lord which was incredible. Before the retreat God had given Nancy
words for 2 of the women who were attending the retreat. Both women immediately lold the audience
afler receiving the word what this word meant to them and how it tied inlo what was happening in their
lives. During the retreat Zoe ran a spiritual and physical spa experience and one lady told her
afterwards how during this time, God had healed her from the pain and hurt she had been carrying
due lo difficult things that had happened to her. She left feeling ready to take the next slep of the
vision God had called her to. Another lady said that during the spiritual spa when Zoe read from
Song of Songs, that this was the exact verse God gave her after her husband died 6 years ago. She
fell God was moving her from the season of mouming to a season ofjoy and Ihal everything that was
spoken that evening lined up with all Go(1 had been speaking lo her.
A couple of quotes from delegates at the retreats-
"I came exhausted and am leaving faith-filled! Beyond grateful for the ministry and look forward lo
bringing more people."
"I loved the Word, I loved the ladies, I didn't realise just how much I needed this..
Onllne events and resources
One of the online events we run is called Tea & Cake with Nancy and this ran throughout the Autumn
and Spring. They have been fantastic faith-filled evenings wilh many encouraged and inspired by
Nancy s leaching and asked for prayer. One lady asked for prayer that her daughter's scan would be
clear and emailed us during the next day saying God had answered those prayers. Another lady
emailed saying, "Thank you so much for carving out a little time for me - l am tremendously grateful for
all your encouragement, wisdom and support as I continue along this joumey."
Zoe wrote a free online study on Acts in October. One lady wrote lo Zoe saying, "Thank you so much
for these daily emails and walking through Acts, l am still relatively new in my faith having become a
Christian al the spiritual health weekend this year. These daily emails from you are really helping bè
me lo know Jesus on a deeper level.- We are excited to hear of even more Ihal God has done.
Nancy and Zoe wrote an advent study and we have ￿ceiVed some great feedback.. "Thank you both
for a really good study. I have enjoyed it all and it makes me keen lo go through the Spiritual Health
Encounters guide book again from the beginning11 worked through last yearl Nobody has me turning
pages of my bible like Nancy.-
"Hi would like lo say how much i have been blessed by the bible study l am doing - a little one on the
aspects of God's love and then intend to do one on His pea￿ using your references."
We also have continued to run our prayer line in which many people are reaching out for God to work
in their lives. We pray for them together as a team each week as well as individually. This is a report
of answered prayer we received just recently from a lady who had asked us lo pray for her, "l also
wanted lo thank you for your prayers for me and my heart concem when I couldn't travel whilst I
awaited results. God is amazing tests came out clear I'rn healed." We also received this answer lo
prayer from a lady who had contacted our prayedine a few years ago, "A few years ago, you asked us
lo send In any prayer requests we had. l asked if you would pray for a wife for my younger son who
then was in his mid-thirties. He has a strong, personal faith. He had had some ￿1￿ girtfriends, but
nothing ever worked out. The desire of my heart was for MO￿ than a girlfn'end - a wife. Now aged 41
in July this year he is marrying a delightful young lady. who is joumeying into faith with him. She is
lovely and l am deeply grateful.-
Over the summer in July and August Zoe has held 2 online physical and spirttual pampering

THE NGM TRUST
TRUSTEES, REPORT
YEAR ENDED 31 AUGUST 2025
experiences. One was enb'tled Discovering Deep Peace and the olher one Glowing with Jesus. After
the first one ladies who attended wrote saying. "I felt God say to me during the experience that he has
a better plan than what my worying can come up with. To stay in his peace and wear his armour."
Another lady said, "As the session started I was made aware Ihal this life is temporary and fear came
over me very quickly and left just as quickly as I heard the Holy Spirit reassuring me and not lo fear. I
had a sense of peace and something new stirred in my spirit last night. Thank you and God bless."
Nancy was invited on a podcast with Peter Anderson (a pastor from Scouand who leads a global
network of churches) which was released in September 2025. Nancy has received many comments
from Ihose who listened lo this. Nancy has also recorded some short talks which will go out on UCB
radio over the Aurumn in 2025. UCB are continuing to replay interviews elc that Nancy and Zoe
recorded when they were last with them in July 2024.
Muslc and resources
Through our products, God has been on the move= "Hello Nancy I was so delighted to read your
Facebook post this moming. Such beautiful words and so appropriate for me al the moment. While I'm
having my radiotherapy treatment, l ask God to fill the room with His angels and pray for the
radiologists and everyone wailing. Best bodyguard ever! I've been taking your book with me this week
"You Are Loved. I'm sent into a changing room just before treatment and as I sit alone, I've read a
different piece every day. My favovrite is your paraphrase of Psalrn 23. Thursday was a longer wail
and I read "Do you know you are loved". This book has been a wonderful comfort and encouragement
lo me...and il's been an essential companion during my treatment. Thank you so much. 10 days done
and 5 to go..
We had an opportunity to give 100 copies of Zoe's book One Woman's Guide lo Lrfe lo local school
mums who allended a wellbeing event. Many ladies said how excited they were lo read the book. All
these books were funded through the generosity of our NGM supporters and local churches. It is so
exciting lo gel these books filled with God's truth into the hands of so many unbelievers.
Nancy has been busy this year writing a new book in her little book's series enlilled You Are Amazing.
11 was launched al the Spiritual Health Retreat in Devon and is already flying off the shelves. Many
people are buying il for their non-christian friends. and we cannot wail lo hear all God does through
these books. We are starting lo pray in the money needed to send a copy of each of these books lo
New Hall prison lo be sent out in time for Christmas 2025.
We received this lovely feedback about our resources and our conferencEs. from a18dy who brought a
group of ladies from a mental health charity to the Spiritual Health Weekend, "l am pleased lo say that
the women from my mental health charity were some of the first with those specific needs to receive
bursary places al Nancy's conferences. The results for those people were liler811y life changing. Some
are now giving back and encouraging others despite facing personal challenges. Nancy Goudie
comrnunicales with people in a really relatable way. I can recomrnend that your books as they a￿ a
great blessing. A number of our ladies have been blessed with generous gifts of these books al
conferences. Nancy reaches many that others don't reach. l also recommend these books for people's
individual blessing and use in outreach.-
Nancy has been working on writing new books over the summer which are Gift of Laughter Book 2
and The Beloved - God's promises and words for you as well as updating Spirilual Health Encounters
with some new chapters on Wellbeing. These will be released in Autumn 20251January 2026. As well
as Nancy's books, Zoe has been working on her new book which is a 28-day devotional entitled Living
Life As You Were Created To Be and is due to be delivered in De￿rnber 2025. Leanne has also
been working on her new book Breathe- A Guide To Calming The Anxious Mind and this loo will be
released in January 2026. We are excited to have created all these new products which we know will

THE NGM TRUST
TRUSTEES, REPORT
YEAR ENDED 31 AUGUST 2025
deeply impact the lives of all who read them.
Local Work:
In September 2025 we started our first local Wellbeing Book Club. Janice runs this club and the ladies
who attend have been really enjoying the book bul also opening up about their struggles in life which
is giving Janice opportunities to talk about her faith. After the first session. Zoe received this
message. l just want lo say a huge thank you for your b￿k and to the lady running the group. I was
made lo feel extremely welcome when I got there. I suffer with anxiety almost every day and I was so
worried about allending the session. But I was able to speak with confidence and the other ladies who
attended were really nice. I never thought I would be brave enough lo allend sessions like these but I
was proved wrong today. Your book is amazing and il's going lo help not just me but many on their
wellbeing ioumey." In February during our Wellbeing book club at which they are reading through
Zoe's book One Woman's Guide To Life, one of the ladies asked Janice who is leading the session,
what il means lo be a Christian. Janice was able to explain this lo her and she has invited her along
lo the SpirilLJal Health Weekend. the lady was so excited she took the infomiation and is inviting her
mum lo come tool
The Peace, Health & Wellbeing evening was also really well received with ladies saying how much
they enjoyed il bul also how much they got out of it. Zoe also had the incredible opportunity of
eeling with a lady who reached out to her after the session. This is the lady s story. Hi I came lo
tonight's wellbeing evening. I have recently had a baby and it's b8en the hardest 11 months of my lifè.
I've unfortunately had ongoing physical health issues as well as my mental health being dangerous at
limes, which is unlike me as my professional life is that of a HR Director. l am unsure how l ever did
this currently. Anyway, I'm on a path to try get answers and treatment for physical female issues that
have returned following the birth of my baby gir1, but l am slill struggling every single day mentally. So
much of what you said tonight had me emotional as I've lost the love of myself completely. I have so
Much in my brain going on bul I feel like I'm always in paralysis and just ignore and go silent on those
who could help. I was wondering if you know of any good counsellors for talking therapies as I know I
need this and think il's now time to take that huge step." Not only have we been able to refer her to
counselling. bul she is also coming to meet up and talk with Zoe loo.
In December we held our NGM Nativity which is now fast becoming an annual event. Local minister
Peter Davies came and led the service for us and lols of the families we woth with through Inspire
allended and their children took part in the Nativity. Again, this year parents were so grateful lo us for
pulling this on for them and their children. Zoe took a wellbeing evening al a lady's house and one of
the grandmas of the girl who had played Mary was there and said how much the Nativity setvice had
impacted her.
Personnel
In May Nancy was invited lo join a consultation for Christian women in leadership run by SHE Leads-
a global organisation and held in Windsor Castle. This consultation was for Christian women in
leadership across all sectors of society from the UK and the USA exploring "Faith Based Solutions for
Modem Day Challenges." There were around 45 Christian leaders present bolh frorn the USA and the
UK and il was a great time for Nancy to network with others. Al the end of the event, they held an
honouring ceremony al Windsor Castle in which 30 of these delegates were picked lo be honoured
and 15 of these were picked for the SHE leads highest honour as a 'Woman of Distinction." Helena
Crofl MBE, She Leads UK Director said this when she told Nancy she would be one of the 15 who
would receive the award.. "All honourees are oulslanding in their fields but I feel that it is vital that you
and 14 other delegates are recognised for your valuable conlribulion lo helping families thrive,
organisalions flourish, and communities connect in the UK and beyond." The award was presented by
Her Royal Highness Sophie. Duchess of Edinburgh and Nancy had a chance to personally meet and

THE NGM TRUST
TRUSTEES, REPORT
YEAR ENDED 31 AUGUST 2025
speak with the Duchess. The Trustees are very proud of Nancy being awarded this honour and
wanted to ensure it was highlighted in this report.
Our personnel have continued to work hard during this year and have continued to give all their
efforts into seeing the worf( grow.
Premlses
We continue to rent out Ihe premises to The Inspire Arts Trusl and it has been good lo see
increase in rental income from them this year. We have been occasionally renting the premises
lo other organisalions when the rooms are not in use. We are now also renting out part of the
car park to AGE UK as parking charges have been introduced in Thornbury. All of this is helping
lo cover the ongoing costs we have for the premises.
Governance
In March 2025 Jaqueline Harding was apwinted to join the board.
Futurn
We are looking ahead lo an exciting 202516 wilh another Spiritual Health Weekend and Several
ministry trips lo Scotland in the diary. As well as this we are excited lo release more books and
continue our online and local work.
We could not do all we have done throughout this year without the incredible help we have from
our workers, funders, volunteers. management team. Council of Reference and Trustees all of
whom work so very hard lo see the vision of seeing lives transformed continue to become
reality. We are looking forward to many more fruiiful years ahead as we conlinue to adapt to
future challenges.
Flnanclal Revlew ReseNes pollcy
The Trustees have established a policy whereby the unrestricted fvnds not committed or
invested in tangible fixed assets l.the free reserves") held by the charity should be between 3
and 6 months of the expenditure, which equates to between approximately £79,000 10 £158,000
in general ftjnds. At this level, the board of Trustees feels that it would be able to continue the
current activities of the charity in the event of a significant drop in funding. It would obviously be
necessary to consider how the funding woul(J be replaced or activities changed accordingly. Al
the balance sheet date the free reserves were £20,583. These reserves have reduced during the
year mainly due to the extra expenditure on Caedmon. There is an investment to the value of
£636,537 which can be accessed should this be required.
Investment powers and policy
The Trustees can invest in any stocks. funds, shares, securities or other
investments of whatsoever nature as the Trustees shall. in their absolute discretion, think fit.
Funds surplus to immediate requirements are invested with Evelyn Partners (formerly known
as Dart Capital) into various investments that have a medium risk profile. Given these are likely
lo be held as investments for between 3- 5 years then the trustees consider this the best way lo
invest. Funds that are r
uired over the next one
ear
eriod are held on short term de
osit.

THE NGM TRUST
TRUSTEES, REPORT
YEAR ENDED 31 AUGUST 2025
Risk review
The risk review was completed by the Trustees in August 2025. The major risks that the
Trustees identified and the controls that are in pla￿ are as follows-.
Risk.. Loss of Key Management Slaff. Controls.. su￿SSIOn￿aSk Coverage Planning. Long
Term Strategy110 years) needs to be reviewed. Insurance in place for the CEO if she was unable
to run the conferences due to health. Health check-up and insurance is in place for
the CEO and insurance for the General Manager. Action= The Directors are in ongoing discussions
with the CEO regarding succession planning. Plans and suggestions re..
conferences in place or in progress have been discussed be￿een the GM and CEO.
Risk- Insufficient income. Conlrols.. Policy of maintaining ￿SeNe$. Monthly ￿VIeW of finances by
CEO. Bi-annual review of finances by Directors. Fundraising Appeals set as and when
needed.Action.' Obtaining a wider regular funding base lo help cover increased costs and also cover
reduced income due lo people's circumstances changing. Identifying trusts lo approach to support
projects and key staff. Meeting regularfy with main Trust providers to ensure any issues are raised
early and managed accordingly.
Risk - Risk of reputational damage from adverse publicity- Controls.. Good safeguarding procedures
Monitoring of social media and linked sites. Social media policy issued lo all staff, volunteers and
Trustees.
The Trustees have continued lo consider the risks this year, many have been reviewed in meetings
throughout the year. The risk review will continue lo be updated annually, unless
an event occurs where it needs lo be reviewed more frequently. Since the last risk review.
the Trustees are committed lo looking al the long temi succession plan for the charity. This
will happen over the next financial year.
Fundralslng
As a charity, NGM fundraises in various ways. The majority of our fundraising is from
individuals, whether al our conferences and events or Ihrough our mailing. We tske steps to ensure
under 18's are never included in our fundraising mailings. we also ensure that at our ¢onferen¢es
and events, there is never any pressure for any individuals lo give. Every offering,
or chance to support us, is given wilhoul any pressure and we always St￿SS for people only
to give if they feel able. We also raise finance for NGM through approaching Trusts, especially
for the bursary funds and our prison work. Whilst the majority of fundraising in NGM is done through
our Key Management personnel., we have taken on fundraisers called Chell Perkins
for four months to specifically lo help us raise funds for the bursary places at the Spirilual
Health Weekend in 2026. For those who sign up lo give regulat1y they are free lo slop al any time.
ststomont of Tru$to&$' responsibilities
The Trustees (who are also directors of NGM Trust for the purposes of company lawl are
responsible for preparing the Truslees, Report and the financial statements in accordance with
applicable law and United Kingdom Accounting Standards. including Financial Reporting Standard
102.. The Financial Reporting Standard applicable in th8 UKand Republic of Ireland
(United Kingdom Accepted Accounting Practice).

THE NGM TRUST
TRUSTEES, REPORT
YEAR ENDED 31 AUGUST 2025
Company law requires the Trustees to prepare financial slalemenls for each financial year
which give a lrne and fair view of the stale of affairs of the charitable company and of the
income and expenditure, of the charitable companyforthat periTrl. In preparing Ihese financial
slalements, the Trustees are required to:
select suitable accounting policies and then apply them consislenlly..
observe the methods and principles in the Charities SORP-,
make judgments and accounting estimates that are reasonable and prudent..
slate whether applicable UK Accounting Standards have been followed. subject lo
any material departures disdosed and explained in the financial slalemenls.. and
prepare the financial statements on the going concem basis unless il is inappropriate
lo presume that the charitable company will continue in business.
The Trustees are responsible for keeping adequate accounting records that disclose with
reasonable accuracy al any time the financial position of the charitable company and enable
them lo ensure that the financial statements comply with the Companies Act 2006. They are
also responsible for safeguarding the assets of the charitable company and hence for taking
reasonable steps for the prevention and detection of fraud and other irregularilies.
Thls report and the financial statements have been p￿pared in accordance with the
Companies Act 2006. the charitable Company's Memorandum and Articles of Association and
the Sialement of Recommended Practice "Accounling and Reporting by Charities"
Small company provlsions
This report has been prepared in accordance with the special provisions for small companies
under part 15 of the Companies Act 2006.
Registered office:
Caedmon Complex
Bristol Road
Thornbury
BS35 3JA
Signed by order of the Trustees
Mr R Collier-Keywood, Chaimian
Approved by the Trustees on .9th Ap.nl 2026

THE NGM TRUST
REFERENCE AND ADMINISTRATIVE INFORMATION YEAR ENDED 31 AUGUST
2025
Charlty number
1143696
Company Number
07721640
Trnstees
The following served as Trustees and directors during the year and since the year end..
Mr R Collier-Keywood
Mr W McGinn
Mrs J Banful
Dr Jacqueline Harding (added 10" March 2025)
Règlstsrod Offlcè
Caedmon Complex. Bristol Road, Thornbury. BS35
Independent examlner
Joshua Kingston BSC. FCA,
Burton Sweet Limited Chartered A¢cA)unlants.
The Clock Towèr, 5 Farleigh Court, Old Weston Road, Flax Bourton, Bristol, BS48 1 UR
Bank•r8
Bank of Scotland. Old Broad Street. London.
10

THE NGM TRUST
INDEPENDENT EXAMINER'S REPORT TO TRUSTEES
YEAR ENDED 31 AUGUST 2025
I report to the charity Trustees on my examination ofthe accounts of the Company for the year
ended 31 August 2025.
Respon$lbllltles and ba$1$ of report
As the charity's trustees of the Company {and also ils directors for the purposes of company
lawl you are restK)nsible for the preparation of the accounts in accordance with the
requirements of the Companies Act 2006 {'the 2006 Act')-
Having satisfied myselflhat the accounts of the Company a￿ nol required lo be audited 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 1.the 2011 Act')- In carying out my examination I have followed the Directions
given by the Charity Commission under seclion 145{51 {b} of the 2011 Act.
Indepondont èxamlner's statement
Since the Company's gross income exceeded £250.000 your examiner musl be a member of
a body listed in section 145 of the 2011 Act. I confirm that l am qualified lo undertake the
examination because l a member of the Instilule of Chartered Accountants in England and
Wales, which is one of the listed bodies.
I have completed my examinalion. I confim that no matters have come to my attention In
connection wilh the examination giving me cause lo believe that in any material respect..
accounting records were not kepl in respect of Ihe Company as required by section
386 of the 2006 Act., or
the accounts do not accord with those records: or
the accounts do not comply with the accounting requirements of section 396 of the
2006 Act other than any requirement that the accounts give a 'lrue and fair view
which is not a matter considered as part of an independent examinalion., or
except for the matter of concem noted above the accounts have not been prepared
in accordance with the methods and principles of the Slalemenl of Recommended
Practice for accounting and reporting by charities applicable to charities preparing
their accounts in accordance with the Financial Reporting Standard applicable in Ihe
UK and Republic of Ireland IFRS 102)
I confim that there are no other matters to which your attention should be drawn to enable
a proper understanding of the accounts to be reached.
ytox
Joshua Kingston BSC. FCA, Burton Sweet Limited
The Clock Tower 5 Farleigh Court Old Weston Road Flax Bourton Bristol BS48 1 UR
Date..
8th April 2026
11

THE NGM TRUST
STATEMENT OF FINANCIAL ACTWMES (including Income and Expenditure Account)
YEAR ENDED 31 AUGUST 2025
Total
Funds
2025
Total
Funds
2024
Unrestricted
Funds
Restrlcted
Funds
Income from:
Donations and grants
Investrnents
Charitable activrties
Other incom8
166.479
10.949
46.584
2.182
41.201
207.680
10.949
46.584
2.182
225.074
12.633
139.083
1.302
Totsl Income
226.194
41.201
267.395
378.092
Expenditure on..
Charitable activrties
291.207
22.921
314,128
517.359
Total expendI￿re
291.207
22.921
314.128
517.359
Net Gainsllkjssesl on investmenls
40.958
40.958
61.817
Ngt Incomoll•xp•ndltur•l for th• y•ar
124.0551
18.280
15,7751
177.4501
Transfers between funds
13
(3441
344
Nét mov•m•nt In funds
13
124,3991
18,624
15,7751
177,4501
Total funds brought fonward
13
1.287,312
25,913
1,313,225 1,390,675
Total funds carrl•d forward
13
1.262.913
44.537
1 307450 1 313225
Th• Charity has no r8cognisèd gains or b)ss•s other than the r&su￿S for thè ￿ar as sot out abov8.
All of the actNit￿$ of the Charity are dasses as continuing.
The conyaralN& funds are detailed in note 16.
The notes on pages 12 to 20 fomi part of these financlal ststements

THE NGM TRUST
BALANCE SHEET
Charity numb8r
1143696
AS AT 31 AUGUST 2025
Company number
0772 1640
2025
2024
Fixed assets
Tangible assets
Inveslrnents
646,959
636.537
1,283,496
674.257
587,722
1.261,979
Curr8nt assets
Stock
Debtor5
Cash al b8nk
20.723
19,905
45,837
86,465
15.392
33,938
41,400
90,730
Cr•dltors . Am¢wnts falllng duè
wlthln onè y•ar
Net current assets
23,954
51,246
Net a8s•t8
1 307 450 1 313.225
Funds
Rastrlctsd funds
Unr•8trlet•d lund8
General funds
14
44,537
25,913
14
615,954
613,055
Designated funds linduding revalutKJn reserve of £105.55712024:
£105.5571
14
646,959
674,257
1 307 450
1 313225
For the year ending 31 Augusl 2025 the company was entit￿d to exemplv)n from audit under seCt￿1n 477 01 the
Companies Act 2006 r8lating to small compank?s.
Directors, responsibilities..
The members have not required the company to obtain an audit of its accounts for the year in question in
8ccord8nce wth section 476,
The Directors acknowlèdge their r&Sponsibilit￿S for COmp￿.n9 wth the requir&m&nts of th& Act wth respect to
accounting records and Ihe preparalK)n of accounts
These awounls have been prepared in a¢cordance wth the provisK)ns applicabltr to wmpanies subject to the small
companies, ￿gime.
Thesè financial statements ￿re approvèd by the Trustees on
-and arè sKJn&d on their b&half by..
Mr R Collier- KeyJK)od
The note5 on pages 14 to 22 form part ofthese financial statements

THE NGM TRUST
NOTES TO THE HNANCIAL STATEMENTS
YEAR ENDED 31 AUGUST 2025
Aeeountlng pollel•s
al The financial statements have been prepared in 8c(x)r(lance vthh the StaterT*nt of RecOm￿nded PrdctlC8'.
Accounting and Reporting by Chanties preparing their accounts in accordance vAth Ihe Financial Reporting Slandard
applic8b18 In th8 UK and R8pUbL￿ of Ireland IFRS 1021 issued in October 2019 and th8 Financi81 R8POrting Standard
applicable in the Unrted Kingdom and Republ￿ of Ireland {FRS 1021 and Ihe Companies Act 2006 and UK General
AC￿pted Pract￿ as it appI￿S from 1 January 2019.
The trustees consider the charity to be a going concem and a publ￿ benefrt enlity.
bl Income from donatKsns is included then there is evKlence of entrtkn*nt to the incon*. ￿ceIpt is probable and the
amount can be measured reliabty, except as folk)w5'.
i. M)en donors specify that donatK)ns given lo the chanty must be used in future accnunting periods. Ihe income is
def8rred until thos8 perK)ds'.
ii. Wnen donors impose conditions %thich have to be fulfil￿d before the charfy becLsmes entitkd to use such incorne,
the ineon* is deferred until the pre-eonditK)ns have been met.
cl Grants. including grants for fixed assets, a￿ ￿COgnIsed with#i thè accounts as the chatity receNes lom)al notification
ol entitl8rrent. Grants receNed in the 8ccounling perod in ￿SpeCt of lulure accounting perods 8re deferred until
those periods. All material grants are disclosed in accordance vith the state￿nt ol Recomn*nded Practice.
dl Expenditure Is recognised in the in it is incvrre(l. Expenditu￿ indudes 8ttributable VAT which cannot be
recovered.
Charitablè èxp8ndrturè con¥)ri￿S thosè costs ineuNè¢J by the &ntrty in thé dèfvèry of rts activitiès and s8tvkas for its
beneficiar￿$. It includes bolh ¢05ts Ihat can be albcaled direclly lo such aclivities and those costs of an indirect
natu￿ necessary to support them.
Govemance costs include those cosls asso¢ialed with n*eiing the ¢onslilutK)nal and Slalulory requirements of th
entity and indude the audr( fees and costs I￿ked to the strategK management ol the entity. They ar8 included wrthin
8UPPOrt ¢o$t$.
All costs are allocated between Ihe expendrture categoii8s of the StateThnt of Financial Activities on a bask5
desKJned to reflect the use ol the rnsourcè. Costs r•Lat¥)9 to a partthlar actwity are alk)catèd dir8etly. others ar8
apportioned on an appropriale ba5iS.
Rentals applicable to operating lease a9reements vthere substantk?lty all of the benefrts and risks ol ownarship
remain Mnlh the ￿$s￿r are charged 8g8insl net Incon￿ on a slraighl line b8si9 over the period ol the lease.
el Tangible fixed assets costing rrore than £100 are caprtalised and induded at cost including any inadental expenses
l acqLJiSrtK)n, èxcluding propèty %thich is hèkl at Ma￿*1 valuè.
Depreciation is calculated so as (o ￿lie off the cosl of an asset, less ils eslimaled resmdual value, over the useful life
ol that asset as follows..
Buildings- 0% slraNJht line
Office equipwEnl - 33.3% stratyjht line
Fixtures and fittings- 25% strtvJht lin8
Tèchnical èquipmènt - 20% strdKJht linè
The Trustees of the charily cary oul an annual irypa1r￿ent rev*w of the propertEs. BU￿lIng$ are subject lo a pol
ol revaluation every S years.
fl Stock ￿ included al the k)wer of cost or net reaknble value, after making due allowan￿ for obsolete and slow
rTr)ving items.
gl Trydde and other debtor5 arp Trcognised al Ihe sett￿[T￿nI 8fTN)unt due after any Ir3de discount offered. Prepaym8nl8
are valued at the armun( prepahl nel of any trade discounts due.
hl Cash at bank and cash in hand includes cash and short temi hIgh￿ IHJu*J investtrEnts ¥wth a short malurity of three
rTK)nths or18ss frorn the dat8 of acquisitK)n or openinq of th8 deposrt or similar account.
il Creditors and prowsKJns a￿ recognised Ythere the charty has a present oblwJation resurting from a past event that wll
probabty resu￿ in the trdnsfer of lunds to 8 Ihird party and Ihe a￿Unt due to settle the obligation can be measured
or estimated ￿l￿Ab￿. Creditots and provisi)ns are nom)alty ￿e0￿nised at their settleff£nt amount after allo¥Mng for
any trade discounts due.
Il Fixed Asset Investments are included al martet value al 31st Augusl. The SOFA indudes the net gains and bsses
arising on revaluations and digposals during the year.
14

THE NGM TRUST
NOTES TO THE HNANCIAL STATEMENTS
YEAR ENDED 31 AUGUST 2025
Accounting policies Icontinuedl
kl Unrestricted funds can be used In accorfance swthin the charitabk obpcts at the discretK)n of the Trustees.
11 Designated funds are hjnds set aside by Ihe Trustees out ol unrestitted genertl funds lor specific future purposes or
projects.
ml Restricted funds can On￿ be used for the spe¢ific purpose desKJnated by the donor.
nl Invèstrn8nts are made for charitable purposès.
Donatlons and grants
Unre5tr1cted
Re5tr1cted Total Funds
Fund
Funds
2025
Grants, donations and rpgular p19dges
Covenants and grft aided donat￿n5
Grfl aid fyceivabl
126,288
32,101
8,090
166,479
24,837
13,093
151,125
45,194
11,361
207,680
41,201
Prlor y•4r ¢ompar•tlv•$
Unrestrlcttrd
Fund¥
Rg¥trl¢tsd Totsl Funds
Funds
2024
Gr8nls, don81ions and ￿gUlar pledges
Cuvenan15 and grft 8ided don8lK)ns
Grfl aid ff¢eivabl
140,988
32,608
15,148
21,808
156,136
54,416
182,439
225,074
Donations of £2,48512024.' £2.7101 were rnceN8d from TnJste8s and other re￿ted parties during the year.
Ineom• from eharltabl• aetlvltl•s
Unr••trlet•d
Funds
R•8trlctèd Total Funds
Funds
2025
General
Music and resourc&s
Conferences and events
Onlin• av&nts
23,210
6.538
16,485
351
46,584
23,210
6,538
16,485
351
46,584
Prlor y•ar eomparallvès
Unr•8trlctèd
Funds
R•strlet8d Total Funds
Funds
2024
Gener81
Music and ￿soUrCeS
Conferences and events
12,978
2,372
121,781
137,131
12,978
2,372
123,733
139,083
1,952
1,952

THE NGM TRUST
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 AUGUST 2025
Ex￿ndIt￿r* on CharIts￿tr aetlvlllès
Dir•et
Project
eosts
Support
eosts
Total
2025
Music and ￿sOurceS
Online events and resources
Conferences and events
Local Wort(
46,105
25,974
89,761
15.558
177,398
26,333
26,333
65,833
72,438
52,307
155,594
33,789
314,128
136,730
Prlor yèar eomparatlv*$
Dlr•et
ProJ•et
eosts
Support
costs
Total
2024
Music 8nd msourcès
Onlina avènts and r8soure85
Conferances and evgnts
Oth¢r dirg¢1 a¢lfviti$s
18,222
29,370
268,444
21,770
21,770
79,825
39,992
51,140
348,269
337.058
180,301
517,359
Support costs
Premlses
Costs
Adm5n
Costs Gov•rnanc•
Total
2025
Music and resources
Online events and ￿sOurceS
Conferences and events
Local Work
15.079
15.079
37.697
12.604
10.744
10.744
26.861
5.372
510
510
1,275
255
26,333
26.333
65.833
18.231
136 730
Support C4JSts are alkjcaled on the basis of estThated usage.
Plèas8 notè thg Confèrencè & Evènts ¢Jepartm8nl indude$ not onty thè Spiritual Haatth Wègkènd but 811 Rètrèats,
Spiritual Health Days and any speaking engagerrents Nancy or Zoe have had during the year. This aLso includes the
portion ol the support costs lo P￿pare lor these.
Prior year comparatives
Premises
Costs
Admin
Costs Governance
Total
2024
Music and resource8
Online events and resources
Conference5 and events
Other direct 8Gtvities
13.238
13,238
48,541
48,404
123.421
8,199
8,199
30.064
8,199
54.661
333
333
1,220
333
2,219
21,770
21,770
79,825
56,936
180,301

THE NGM TRUST
NOTES TO THE HNANCIAL STATEMENTS
YEAR ENDED 31 AUGUST 2025
EX￿ndit￿re on charital￿e aetivities {eontinuedl
Governaneè costs
2025
2024
Ind8pend8nt 8X8min8rfs fe8
Independent examination
Oth8r s8Nie8s
Statutory fèos
2,260
255
34
2,549
1,850
336
34
2,220
Net In¢omgllexpgndituro1 for the yg•r
Thlj Is Jtst¢d after charglng..
2025
2024
Depreciation
Independent exarnin8t￿n lees
Trusl&es' ￿rn￿nerat￿In
Reimbur5ernenl ol Truslees, expenses
26,131
2,260
29,284
1,850
Staff CoBts and Numb•rn
The aggregat8 payroll cost5 were-
2025
2024
Wages and salaries
Social security costs
PenS￿n costs
147,132
12.666
7.698
167496
152.814
11.359
3.924
168097
No trmployee oceived gmluments ol nK)re than £60,000 during tho ¢ufftrnl year.
The average number of empbyees Iheadcountl during the year were 912024.. 81
Tot81 othèr b8n8frts rac&￿￿￿ by èmpk)yè8s during thè ￿arW&re £4,091 12024.. £3,002)
Taxatlon
No provision is rn8de lor Coworydl￿n Tax. 8$ the Chariiy i$ #b￿ to ¢L4im full statutory exemptK)n subject to the proper
application of all its chantable ￿sOurces.

THE NGM TRUST
NOTES TO THE HNANCIAL STATEMENTS
YEAR ENDED 31 AUGUST 2025
Tangible fixed assets
Buildings
(Caedmon
Office
complex) Equipment
Technical
Equipment
Fittings
Total
Cost
At 1 September 2024
Addrt￿nS
At 31 August 2025
610.000
21.030
833
21.863
120.984
53.214
805.228
833
806,061
610.000
120.984
53.214
DepreciatSon
Al 1 September 2024
Charge for the period
At 31 August 2025
18.984
1.005
19.989
66.955
23.832
90.787
45.032
3.294
46.326
130,971
28.131
159.102
Net book valu•
At 31 August 2025
AI 31 Au9USt 2024
610 000
646 959
610000
54 029
674 257
Caedffon Cornplex ha5 had Red Book V#lu8tKbn by an exiem81 ￿NeY0T in February 2024. The historical ¢ost of th
building was £504,443.
Inv•8kn•nts
2025
2024
Llsted Snve¥tmgnts
Al 1 September 2024
Acquisitions al cosl
Proceeds on disposal
Net gain on rev8luatvJn
Al 31 August 2025
Cash and Cash equlval•nts
582,400
516,780
116,883
207,450
1107,5781 1203,6471
632,663
582,400
5.322
587,722
636 537
10 Stock
2025
2024
Stock

THE NGM TRUST
NOTES TO THE HNANCIAL STATEMENTS
YEAR ENDED 31 AUGUST 2025
11 Debtors
2025
2024
Trade debtors
Income tax debtor
Inspire Arts Trust
Prepayrnents
Other debtOf5
240
2,435
283
15.408
1.539
19.905
1.956
1.639
25.886
4.457
33.938
12 Credltors: amounts falling due wlthln one year
2025
2024
Trade credrtors
Other creditors
Taxal￿n and socKal secunty
Accwals and defeThed inco
4.545
2.583
2.322
53.061
62,511
15.731
3.360
1.405
18.968
39.464
AccnJ818 an¢J defgrred incom incrgas$d this year. lo incon* re¢eN¢(l in advance of 8 conferencg in 2026.
13 Mov•mont In lunds
Year ended 31 August 2025
Galnl 110881 on
EXpendI￿rI r¢v•ln of fix•d
and loss•s
assots
I Sopt In¢¢m¥ •nd
2024
galns
31 Au9U$t
2025
Transfer•
Restrlct•d 8ur8ary funds
Spiritual Heatth Weekend
Books
CEO Wellbeing
Warriors
Soldiers
CEO Warrior5
Wami Spaces
Benefact Trust
3,636
875
1.452
15.810
2.890
1.250
6.366
4.495
{3,5641
{3,4061
{1.0881
{9,2901
1311
(1501
{2.8701
344
6.782
1.964
364
18.780
8.889
500
2.480
12.260
6.030
5.350
25.913
41.201
122.9211
344
44.537
Unrestrlcted funds
Designated funds
miss￿￿ and art complex
General funds
674.257
613055
1.287.312
128.1311
263.076
1291.2071
833
646,959
615954
13441 1.262.913
267.152
267.152
1 313225
308.353
314.128
1.307.450

THE NGM TRUST
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 AUGUST 2025
13 Movement in funds (continued)
ReStr￿ted funds represent..
Spiritual Health Weekend bursary fund - albwng ladk?s from backgrounds of povety. abuse. street work and other
challenging situatK)ns lo attend the weekend lor IItt￿ or no cost. Some ol these funds were from specific tnJsls and
rai5gd through 8pp8als to our support8r5. All rrK)ney r3is8d goes directly to pay lor part or full costs for the
ladies who attend from the above backgrounds.
Spiritual Heatth Days bvr5ary fund - ftjnds gNen to alkjw ladies from backgrounds of poverty. abuse. street work and
other drfficutt circumstances lo atlend the days and be given encouraging resources to take away wth them.
Book bursary fund this has been set up during the pandemic to get our book5 and CDS into pla￿$ where we
coukln't physically go such as prisons. foodbanks. debt advicE centres etc. The need was so great during the
pandemic that we were askèd by the agènc*s MY)thing ¥￿th the rÈcip*nts to (xjntinuè thL% fund. In the last year wè
have given away book5 to many places. induding from a k)cal school and inmates at New Hall prison this
Christmas.
CEO Wellbeing - this fund was given specrfi¢ahy after the CEO had her traurTWt¢ brain injury t(> aid her ￿¢0Very and
wellbeing k)nger tem. The Trustees have used this as requested lo cover iThegular expenses occurred by the CEO
during her k)ng8r-tenm r8covèry. This has bèèn dèdarèd on a PSA Sett￿ment agrÈèmnt.
Warriors - this fun(J comprises nK)ney 01 £1,000 or n￿)ffj vknich w8s g￿tin lo help th8 extr8 funding ne8ding Its b
raised towards salaii8s for staff.
Soldiers thi5 fund comprise5 ￿)neY regular donated SMal￿r alr￿unIS are given to help the extra funding
needing to be rais&d towards salaries for staff.
CEO Warriors - this trK)ney w8s grven to help towards funding Nancy Goutjie's saLqry.
Wam Spaces - this is a grant from South Gbucester5hire Council to provide a wann space in the winter and c£Jol
space in the summr where kjcal rnsidènts can conw fr88 of charge. This is held nK)St weekday aft&moons at our
Complex.
8enelacl Trust - Ihts w8$ given io help ihe 01 8v8ngelL%m in our local 8re8. Th& worf( indudes running
Wellbeing Book Club, holding a Nalivily seryice and caring lor those in need by giving food and other resources.
Year ended 31 August 2024
Galnlllossl on
Exp•ndllur• revaln of fix•d
•nd I￿*¢¥
a¥¥ets
1 S•pt Incom• and
2023
galns
31 August
2024
Tr•n¥fer•
R$$trl¢t¢d 8ur$•ry fund$
Spiritu81 Health W8èkènd
Spiritual Heafth Days
Books
CEO Wellbeing
Warriors
Soldiè
CEO Warriors
6,004
1,927
1,860
5,725
23,887
126,2551
{1,9271
{1,7251
{4.2731
3,636
740
875
1,452
15,810
2,890
1,250
25,913
15,810
2,900
1,250
44,587
1101
15,516
134,1901
Unr•striet•d lund8
Designated funds
MIss￿rn and art complex
Génèral fijnds
694,454
680,705
1,375,159
129,2841
453,885
1483,1691
9,087
9,087
674,257
613,055
1,287,312
39S,322
395,322
1,390,675
439,909
517,359
1,313,225
Th8 Mission and Art c0[np￿X d8svJnated fund inthd85 a r8valuatK>n ￿serve of £105,557 12024.. £105,557).

THE NGM TRUST
NOTES TO THE HNANCIAL STATEMENTS
YEAR ENDED 31 AUGUST 2025
14 Analysis of net assets
Analysis of n•t asséts at 31 August 202S
Tangible fixed
assets Other assets
Investments
Total
Restricted fvnds
Spiritual Health Weekend
Book Bursary Fund
CEO Wellbeing
Warriors
Soldiers
NG Warriors
Wam Spaces
Benelacl Trust
6.782
1.964
364
18.780
8,889
500
2.480
4,778
6.782
1.964
364
18.780
8.889
500
2.480
4,778
Deslgnated funds
Mission and art corr¢)bx
General fund5
646,959
646,959
615.954
1.307.450
636,537
636.537
20.583
23,954
646.959
Analys18 of net assots at 31 August 2024
T•nglblè fix•d
assets other assets
Inv•sknents
Total
Re8trlct0d funds
Spiritual Health Waekend
Book Bursary Fund
CEO Wellbeing
Warriors
Sol(Jiers
NG Warriors
3,636
875
1,452
15,810
2,890
1,250
3,636
875
1,452
15,810
2,890
1,250
Deslgnated fvnds
Mission and art conpkx
General fund5
674,257
674.257
613055
51 246 1 313225
587 722
587 722
674 257
20

THE NGM TRUST
NOTES TO THE HNANCIAL STATEMENTS
YEAR ENDED 31 AUGUST 2025
15 Rglatsd party transa¢tions
The Inspire Arts Twst is a chanty in Wth￿h ￿ R Collier-Keywvod and Mr D McGinn are also Trustees.
At the Balance Sheet date. The Inspire Arts Trust owed Ihe charily £283 12024.. £1.6391. This was for IT and
telephone provision lor Au9USt vA)Id) Was PaKI in September 2025. During Ihe year the charity invoiced £29,991
12024.. £16.6021 to The Inspire Arts Tnjst for rent and administratKJn expenses. The Inspire Arts Trust invoiced NGM
£625 12024.. £361 for cosls incuffed on their behaN. AnK)unts due to The Inspire Arts Trust are disclosed as £nil of
creditors f811ing due wthin one year12024.. £nill.
The Trustees consider the key management petsonnel of the d)3rity to be themselves, the Chief Executwe Officer
and the Generdl Manager of the charity. Total ￿MUn￿rat￿Jn 8nd benefits r8ceNed by key management personnel
and reL2ted parties during the year £113,24812024'. £131,9881 As stated in note S, no Trustees received any
remuneration during the year.
There are no other ￿￿￿ted party transact￿nS other than Ihose al￿alY disthsed throughout the financlal slate￿nIs.
16 ComparatSve Slalemont of Flnanclal Acllvltlos
Total
Funds
2024
Unro8trlct•d
Funds
Re$trlct•d
Funds
Income from:
Donations and grants
Inveslrnents
Charitable activities
Other sources
182.439
12.633
137.131
1,302
42,635
225.074
12.633
139.083
1,302
1,952
Total Incomo
333 505
378 092
Expendlture on..
Charitable activities
483,169
34,190
517,359
Total eXpendI￿re
483 169
517.359
Net gainsllk)ssesl on investments
61,817
61.817
Not Incomelexpendltur•
{87,8471
10,397
177,4501
Ngt mov•ment In funds
187,8471
10,397
177,4501
Total funds brought I￿ard
1,375,159
15,516 1,390,675
Total funds carrled forward
1 287 312
25 913 1.313.225
22