Registered Charity No. 1154646 EVANGELICAL PRESS MISSIONARY TRUST FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 IUNE 2025 Contents: Pagel-3 Trustees Report Page 4 Independent Examiner's Report Page 5 Statement of Financial Activities Page 6 Balance Sheet Page7-9 Notes to the Accounts David Cooke & Co Chartered Accountants 5 Briar Close Banbury Oxon OX16 9DS
Page I EVANGELICAL PRESS MISSIONARY TRUST TRUSTEES REPORT FOR THE YEAR ENDED 31 MARCH 2025 The trustees have pleasure in presenting their report and the Financial Statements of the charity for the year ended 30 June 2025. Objectives and Activities Ob'ectives and aim The objects of the Charity are to advance the Evangelical Christian Faith through the preparation, printing. publishing and distribution of Christian literature with the exception of any such literature published in the English language. nificant activities Evangelical Press Missionary Trust carries out its core mission by means of literature, radio broadcasting, television, audio visual materials, leadership training and elertronic media to communicate the gospel of the Lord Jesus Christ Public benefit The trustees have complied with the duty under Section 4 of the Charities Act 2011 to have due regard to public benefit guidance published by the Charity Commission, and the trustees have paid due regard to this guidance in deciding what activities the Charity should undertake, Public benefit is seen in the publishing and promoting of Christian literature and educations materials for the public in different countries and in different languages, primarily but not exclusively Russian 2nd French. Achievements and Performance The principal activity of the Charity is the publication and sale of Christian literature in the French and Russian languages. This literature has been distributed to many countries through the Charity's representation in France, Ivory Coast, Benin Republic and other French speaking countries in the world. Translation and production of literature in the Russian language is centred in the Charity's subsidiary in Minsk, Belarus. The literature work of the Charity is supported by regular training and educational conferences held in a number of French speaking African countries. The speakers at these conferences are drawn from indigenous personnel augmented by those from France and elsewhere. The ChariWs activities in Eastern Europe were managed by a wholly owned subsidiary in Belarus, Faverdale Limited Liability Company. Faverdale LLC helps to facilitate the distribution of the CharlS Russian literature in Belarus and other Russian speaking countries. An annual Summer School of study is sponsored to help train and educate local pastors and church workers. In light of the continuing war in Ukraine and the economic sanctions against Belarus and Russia, distribution of Russian literature has been severely restricted. Nevertheless, Faverdale LLC has been able to continue to trade, in part sustained by translation work
Page 2 EVANGELICAL PRESS MISSIONARYTRUST TRUSTEES REPORT FOR THE YEAR ENDED 31 MARCH 2025 (Continued) Financial Review Princi al fundin sources The principal sources of funding are gifts and grants made by individuals, other trusts and charities, together with the sale of books produced by the Charity. A major part of the direct costs of the Charity relates to the production and distribution of these books. Investment olic The Trustees have the power to invest in any investment they see fit, subject to conditions imposed or required by law. Reserves The Charity holds unrestricted funds to cover ongoing costs in relation to the running of the Charity. The level of reserves is reviewed by the trustees regularly throughout the year, and the minimum level of reserves required is reviewed on an annual basis. This review encompasses the nature of income and expenditure streams, the need to match income with commitments, and the nature of the reserves. The trustees therefore consider it prudent to hold unrestricted free reserves (total funds less the amount held as fixed assets) which amount to at least 6 months. running costs. Reserves as at 30 June 2025 amounted to £30,056 (2024: £33,064). Future plans The Charity continues to seek sponsors to fund the translation and printing of further Christian literature in the key areas of activity. Structure, Governance and Management Governin Document The Charity is controlled by its governing document, a deed of trust, and constitutes a Charitable Incorporated Organisation. It was registered with the Charity Commission on 19 November 2013, registration number 1154646. in inin The trustees have the power to appoint any other person as a trustee, subject to a maximum of 12 trustees. New trustees will be invited and encouraged to attend a training session at the charity's registered office to familiarise themselves with the charity and the context in which it operates. They will be provided with a copy of the Constitution and of the Charity's latest Trustees, Annual Report and statement of accounts.
Page 3 EVANGELICAL PRESS MISSIONARY TRUST TRUSTEES REPORT FOR THEYEAR ENDED 31 MARCH 2025 (Continued) Structure, Governance and Management (cont.) an i.$2ti I tructure The trustees are responsible for all decisions and activities within the organisation. Specialised committees are responsible to the Board for the operations of the French language work, and for the Russian language work through Faverdale LLC. Related artie The Evangelical Times Limited is considered to be a related party. Details of related party transactions are shown in note 10 to the accounts. Reference and Administrative Details The principal address is: 89 Brentry Lane, Brentry. BRISTOL, BSIO 6RH The trustees are as follows: R WFay J H Rubens J D Norris J D Stobbs T Yates (appointed 2 December 2024) The independent examiner is: David Cooke MA (Oxon) FCA FCIE, David Cooke & Co, Chartered Accountants. 5 Briar Close, Banbury, Oxon. OX16 9DS. Approved by order ofthe board of trustees onl and signed on its behalf by: D Stobbs Trustee
141 INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF EVANGELICAL PRESS MISSIONARY TRUST I report on the accounts of the charity for the year ended 30 June 2025 set out on pages 5 to 9. Respertive responsibilities of trustees and independent examiner The charity's trustees are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year (under section 144(2) of the Charities Act 2011 (the Act)) and that an independent examination is needed. It is my responsibility to.. Examine the accounts under section 145 of the Act; To follow the procedures laid down in the General Directions given by the Charity Commissioners under sertion 145 (5) (b) of the Act; and To state whether particular matters have come to my attention. Basis of independent examiner's report My examination was carried out in accordance with the General Directions given by the Charity Commissioners. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts. and the seeking of explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and, consequently, no opinion is given as to whether the accounts present a "true and fair view" and the report is limited to those matters set out in the statement below. Independent examinerfs statement I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination which gives me cause to believe that in, any material respect: the accounting records were not kept in accordance with section 130 of the Charities Act,. or the accounts did not accord with the accounting records,. or the accounts did not COTnply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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. 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. D C S Cooke. MA (Oxon), FCA FCIE Chartered Accountant David Cooke & Co. 5 Briar Close Banbury, Oxon. OX16 9DS Date: 15 January 2026
EVANGELICAL PRESS MISSIONARY TRUST Pagc 5 SFATEMEf OF FINANCIALACTlVtTI&S FOR THE YEAR ENDED 30 IUNE 2025 Unrestrfjrted Re$tted 2025 Unrestri¢ted Restritted 2024 ote Incoming Resources Voluntary income- Donatlolls & Collections Charitable Activities 31,795 5,805 46,877 78,672 5,805 36,283 29,978 25,467 61,750 29,978 Total intorning resources 37.600 46.877 84.477 66,261 25.467 91,728 Resources expended Charitable Activities 9.704 69.680 79,384 73,581 5,256 78,837 Total Resources Expended 9,704 69,680 79.384 73,581 5,256 78,837 Net Movement ofResources 27.896 122.803) 5,093 (7,3201 20.211 12,891 Transfers between Funds {30.904) 30.904 (3,008) 8.101 5.093 (7,3201 20.211 12,891 General Fund brought fornrd 34.564 20.211 54.775 41,884 41,884 General Fund carried forward 31.556 28.312 59.868 34,564 20.211 54,775 Tlie note5 on page5 7 to 9 form part of these financial statemen
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NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 30 IUNE 2025 l. Accounting Policies The Following attounting policies have beetj used tonsistetstiy in dealiThgwith items which are toThsidÈred material in relation to the Charity's Financial Statements. Accountin Convention. The Finaniial Statements are prepared uttder the Histhrital Costconvention. attd in acctsrdante with the Charitiès Statement ofRetommÈnded Prartice [FRS 102),'Accounting and Reporting by Charities.. 5tatementof RecomTnended Practice applicable to charities preparing their accounts in accordance the Financial Reporting Siandard applicable in the UK and Republicof Ireland [FRS102) (effective I january 20191. and the Chariiies Act 2011. Goin concern The trustees have a reasonable expectstion that the charity will have adequate resourtrs to continue in operational existence forthe foreseeable luture, 2nd believe that it is appropriate to conunue to adopt the going concern basis of accounting in preparing the financial statements, which are prepared in stÈrling {£}. Inco All income is recoEnised in the Statemenr of Financial Activities once the chiry has entidement to the fvnds, it is probably thar the income will be rcceived, and the arnount can be tnea5ured reliably. enditure Expenditure is accounted for on an accruals basis and has been classified under headity that aggregate 311 costs related to the category. As the charity is registered for VAT, expenditure is recorded exclusive of VAT. Fixed Asset investments Fixed asset investments are recorded at cost, less provision for permanent diminution in value. Forei n currencies Assets and liabilities in foreign currencies are trdnslared into sterlingarthe fdres of exchange ruling at the balance sheetdare. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date oltransaction. Unrestricted Restricted Funds Funds 2025 Unrestricted Restricted Funds Funds 2024 Totsl Total 3. Charitable Activities Expenditure Charitsble actiwties Cost of books sold Translation costs Royalties Overseas tnission 5UPPOrt 37.199 7,814 1.354 22,942 37.199 7,814 1.354 Z7.838 30,628 5.256 35,884 4.896 34,830 34,830 4,896 69,309 74,205 65,458 5,256 70,714 ort Costs.. Royalties Bat]k charges Office & Admin expenses Advertising Foreign exchange 169 827 169 827 896 371 1,267 852 852 2.284 407 2,284 407 iii 290 290 1,859 371 2.230 3,977 3,977 Professional fees Independent Examiner's fees 1.549 1,400 l.S49 1,946 2,200 1,946 2,200 2,949 2.949 4,146 4,146 9,704 69,680 79,384 73,581 5,256 78,837 3. Average nutnber of employees The average number of employee5 during the year was nil [2024.. nil). EVANGELICAL PRESS MISSIONARYTRusr Page 8
NOTE5 TO THE ACCOUNTS FOR THE YEAR ENDED 30 IUNE 2025 (Cottt) 4. Trustees. remuneration and benefits There were no trustee5' remuneration or otherbenefits forthe year ended 30 lune 2025 {2024- nil). During the year expenses rotalling £5,359 were reimbursed or paid direcdy to 2 trnstees for travel 2nd administrative work12024.. 2 trustees, £4,916). 2025 2024 Inveslment in group undertakings Investment in %roup undertakin 5. Fixed Asset InvestmeDts Cost Broiight forward & ¢arried forward 1.500 1.500 airtnent Brought fonvard & carried forward Net Book Value b/forward 3nd c/forward i.soo 1.500 The £1,500 investrnent represents the Charity's 100% equity investtnent in Faverdale LLC in Belarus. The most recent results available for Faverdale LLC were as follows (lor the year ended 31 December)= Aggregate c3Pital and re5erve5 36.928 40,596 Profit for the year 4094 6.923 6. Stocks Unre5thrted Re5trirted 2025 Unrestrirted Restricted 2024 Stocks 2,948 2,948 2,948 2,948 7. Debtors Trade debtors Other debtors 769 769 1,062 406 1,062 406 769 769 1,468 1,468 8. Creditors Other creditors Accruals 211 2.200 211 2,200 1.400 1.400 2,411 2,411 ZOZ5 2025 Brought Incoming forward Resources 20ZS zozs 2025 Carried Fonward 2024 Z024 Brought Incoming fonvard Resour¢es 2024 2024 2024 9. Funds Resources ended Fund Translers Resources ended Fund TrHnsfÈrs Carried Forward Unrestricted Funds General Fund 34.564 37.600 (9.704) (30.904] 31.556 4184 66.261 173.581) 34,564 Total unr£strirted 34,564 37,600 9.704 30.904 31.S56 41.EB4 66,261 73,581 34,564 Restricted Funds French work Russian work 20,211 35,777 ii,ioo [27,676) 142.004) 28,312 25,467 (5,256) 20,211 30.904 Total restricted 20.211 46.877 69.680 30.904 28.312 25,467 5,256 20,211 Total Funds S4,775 84,477 179.384) S9.868 41.884 91,728 {78,B271 54,775
Page 9 EVANGELICAL PRESS MISSIONARYTRusr NOTES TO THEACCOUNTS FOR THE YEAR ENDED 30 JUNE 2025 (ConL) 10. Related party transartiOD5 2025 2024 Donations received from Trustees 461 The Ev2ngeliL21 Times Limited recharge olexpenses 120 Donations fvom The Fvangelical TiTnes LiTnited 9.500 10,058