Ch&rity regtstration nutnber". I 159755 Swindon Gospel Trust Annual Report and Financial Siatements for the Year Ended S April 20?5
Swindon Gospel Trust CoDtent5 {continued) Refrr¢n¢e and Administrative Details Tnistees Report 2toS StatrJn¢nt of Responsibilitie5 Independcnt Examin¢rf5 Report Stat¢rtLent of FitLancia] Activities Balance Sheet Notes to the Financial Statements Ioto 16
Swindon Gospel Trust Reference and Administrative Details Chairm*n Mr Ja¢k Whiieside Trnstees Mr Tim Paiiiter, ceased on 1st June 2024 Mr Jerry Whiteside ce&sed 6th of April 9024 Mr Doug Pomeroy ¢tsmmen¢ed 1st of June 2024 Mr Thomas Pitto¢k ¢omtnen¢ed 6th of April 2024 Mr Robin Painter Mr Matthew Preston Treasurer MT Thomas Pittock Charity Registration Nurnber 1159755 Solieitors Bevir5 141 Higli Street Royal Wootton Bassett Swindon SN4 7AZ B#nk¢rs Barclays Bank PLC Lciccster LE87 2BB HSBC Unit 6 Th¢ Lock Canal Walk Swindon SNI ILD Principal Office 2 Kingsdown Or¢haid Hyde Road Swindo]] Wiltshire SN2 7RR Independent Ex#mRner Hinton Abbon Accountants 2 Kingsdown Or¢hard Hyde Road Swindon SN2 7RR Page I
Swindon Gospel Trust Trustees Report Th¢ trustees pr¢s¢nl the gnnual report together with the financial 5tatement5 of the charity for the year ¢tLded 5 April 2Q25. Structsrei govern#nce mlnagefflttht Governing document The rharity 15 rontrolled by a d¢¢d of trust, and ¢onstLtutes an unincorporated charsty. The Swsndon Gospel Hall Trust is constituted by a Deed of Trust dat¢d 16th F¢bru8ry 1979. amended by various Deeds and most recently by Deed of Variation dated 8 August 2014. The Trust was registered with the Charity Commmission for England and Wales on 2nd January 2015 under Charity Registr2tiotJ Nllmber.'1159755. Recrmiimeni andappoiK¢menioflrnstees The Trustees wlio have served during the year and sinc¢ tli¢ year end are sel out as mentioned aLN)ve on Pagel. None of the Trustees, nor any person corniected with them. Irceived any remuneraiioth or expetjses from the Charity in the year ended 5 April 202512024.. £Nil l. The Trust op¢rat¢s two Go$p¢l halls and Trustees are chosen from among the regular congregation of the halls. New Trustees aT¢ OMInated by ihe existing Trustees or by the congregation aiid must be appointcd by unanimou5 resolution of th¢ congregation. They are selected according to their skills and experience and are expected to 115¢ both in fijrthcring the obje¢t5 tsf the Chariry. C.he¢ks are made to ensure the Trustees, ¢ligibility to act and incorning Trustees are made aware of iheir r¢sponsibilitie$ by the existing Trustees. who ensure that new Trustee5 read the Trust Deed and relevant Chaiiiy Commission guidance. Risk Manogement The Trust¢¢s have idenlified and reviewed the major risks to wliieli the charity LS exposed and confim that they have e5¢abli5hed 5yStetll5 or PTocedure5 to manage or miiigaie those risks. Wider network The Trustees mAintain infortnal links with similar charities with a view to pooling experience considered useful in pursuing the objects of the Charity. The Charity also mainiains panicular links wtth The Goddard Avetlue Trust. witli which it shares metnbers of its congregation. The value of donated seice$ to The Goddard Avenue Trust were £6,792. Objectives and activities Objects and aim¥ The charitable purpose5 of the ChaTity are the advancement of the ChrÉstian religion for the public benefit. including by the carrying on of the 5eTvice of God a¢¢ordan¢e with the Old and New Testaments of the Holy Bible as followed by those Christians forming part of ihe world-wide fellowship known as the Plymouth Brethren Christian Church {the "BrethTen") aiid atiy other rharitsble purposes connected with Breiljren. Thc ¢OTe doctrine of the Bretjiren and proper practices in furtherance of certain a5P¢¢t5 of doctriDe ar¢ summarised in two sthcdules to the TTUSt Deed. Pa8e 2
Swindon Gospel Trust Trustees Report (continued) Publie benefit One of the TTUSI'S principal activities that rther$ its objects is providing a fa¢iliry for the ¢oordination of "outreacli, work into the wider ¢ommuiiity. Members of the congregation, acting under the d1CtiOnS of the tru5te¢5 and with their full active etlcouragernent. have continued with "outreach" Irk whirli they hav¢ catried out for many years. The trustees of Swiiidon Gospel Trust coiifirm tljat tliey hav¢ complied with tlieir duty under section 4 of the Charities A¢t 2011 to have due regard to the Charity Commission's general guidance to charities on publi¢ benefii. Members of ihe Congregation bave Continued tts hand out tracts io neighbours and people in need when they have met th¢m. Other church leader5 and Tninisters frotn time-to-tim¢ r¢que5t 50rn¢ of the eaTIy PTinted ministry by the l¢ader5 which 15 made available from the web5itc listed below. Any enquiries received by the tru5tee5 or made to central offjce have been followed up fully, and where applieable people have been directed to the following website where literature can be purchased or dowllloaded for reading iD multiple languages https.'/lchtistiandottrJtteandgospelpiiblishing.or MeTnber5 of the congregation have been actively involved for many years in proactive volunteer roles for the RRT - Rapid Relief Team who are a r¢gisieTed charity thaf provide pra¢ii¢al support for emergency s¢tvi¢es during difficult times. Over tlie last 12 months Ilie coiigretation sn Swindon Ive continued to support the RRT at various events, to provide some relief amongst humanity including starvation. homelessnc55, fire emergencies etc. Swindon Gospel Trust have continued to support o loc81 charity - Swindon Night Shelter (Charity number.. 1187554) who operate a centre that offers shelter and food to those in need. During the last 12 months, Swindon Gospel Trust donated approximately £4.000 worth of food to the Swindon Night Shelter that was used to provide meals for those r¢lying on their servJc¢s. Main activities aDd achievement5 The TTUSt Provides aTLd Tnaintains a Gospel hall where Teligious meetings ar¢ held by th¢ local Brethren comrnunity. Details of the origins, teachings and way of life of the Brethr¢n can be found tsn th¢ website www.plymouthbrethrenchristianchilrch.org and in the scliedul¢s to th¢ Triist Deed. The TnJst'$ main athievements this year have been improving hall facilities, supporting local village communities in landscaping works. regularly supplying fwd for a local homeless charity and cot]tinuing toopen the hall 10 th¢ congregation and visitors and encouraging good works by them which benefit the wider cominutLÈty. as de5CTibed below. Pag¢ 3
Swindon Gospel Trust Trustees Report {continued) Spreading the Gospel Message And the lift of x Christian The Gospel hall is a base from which the regular congregation and others who at¢eDd ¢he meetings are encouraged to spread the Christian Gospel. in word and deed. Members of the ¢ongregaiion parti¢ipat¢ ID a programme of street preaching and Gospel tract8 are provided free of charge by the Charity to such prea¢h¢rs io be twided out to interested members of the public. In addition to 5tr¢et preachin8. member5 of th¢ congregation have been sttpportinB local village communities in landscapinu works. regularly supportinu the RRT charity (Rapid Relief Team) and continuing toop¢n the h811 to the ¢ongregatson and visjtors. In carrying out this work, the congregation eon5iders itself to b¢ ILVLn8 Out its faith in pra¢iire. as partirularly exemplified in the followittg extract from th¢ schedule to the Trust Decd on living a ChTj5tian life.. We seek and are encouraged to live exemplary lives in all relaiioDships with others in the wider community lincludrng fonner Brethren). in accordatlce with th¢ iea¢hings of Holy S¢ripiure I l Tim 2..21. • We regularly go out from our homes to pr¢ach oji th¢ streets, to di5tribut¢ ChTjStian lJteralur¢ attd engagt Wlth the wider community lincluditJ8 former Brethren) in order to present eternal 5alvatiotL. available to all men by faith in Jesus C.hrist.12 Tim 4..21. * We seek as menJb¢rs of the publi¢ to l¢ad Christian lives as husbands and Mives. parents. children, Cmployers. empltsyees and neighiTS_ (Col 3..22.25, Col 4..11. The preservation and protectson of the family unit is fundamental children are prized as a blessing frotn God. (Psalm 127'.)-51. The elderly are valued m¢Tnbers of ¢he Community, for whom both their famEly and the wider commiinity are expected to care. • Holy ScTlPture commands US to be good neighbour5 to others, and deal with all other people lincludin8 fornier Brethren) openly, honestly and fairly and consistcnt witli these princip1¢5, we should give our time. talents and money to 2SSiSt those in need it) the wider community. itt so far as reasonable given our abili(ies and our available resourc¢s. {Matt 7".12, Matt 22'.39, Eph 4..28}. Plans for future periods Despite fbe sncreased cost of energy, the tru5Èees feel thal these increased Costs are noi sigDifi¢antly tmpacting on th¢ ability of ¢he ¢harity to ¢oDiinue as a going concern. Meetings Meetings held at ihe Gospel halls would nonnally in¢lud¢ the Lnrd's Supp¢r (Communion), Gospel preachings. Bible rcadings and Biblc addresses. There is a structured weekly schedule of meeiings and, dep¢ndiDg on the parti¢u13r meeiing, between 40 and 500 people normally attend these occa510ns. Th¢ me¢ting5 arr attended by the regular eongregation and most are open to other properly disposed visitors. Tjie notice board outside the Hall welcomes visitors and displays the times of Gospel preaching5, along with a t¢lephone number for those seeking fvrther infomiaiion or help. Gospel tya¢w which 8r¢ distributed by street preachers, also display this infomatioTh. Bibles and an extensive rang¢ of other Christian reading material are on display at th¢ halllsl and visitors are free to help them5elve5. Funding Funding is sought through gifts from the ¢ongregarion aDd Gift Aid is claimed on eligible donations. Funding is 50tn¢titn¢s received frotn other charitable trusis with ¢omplementsry objectives. Pag¢ 4
Sivindon Gospel Trust Trustee5 Report (continued) FinanciAI review In the year ended 5 April 2025. the Trnst had a Surplus of £105,756 of incoming resources over resource5 expended. Total volutltary incotne received this yeai was £192,105 compared 10 £197,161 in the previous year. All fijnds held were unrestricted fi]nds. Reserves Policy Th¢ Tru5tee5 have considered the level of reser$ they wish to retain, appropriate to the eharity's needs. based on its size and the levcl of it5 financial commitments.The Trustees aim io hold sufficient funds in a current account to cover day to day expenditure, plu5 an allowance for any Urgent repairs and ¢api¢al ¢xpeths¢s thar may arise.The con8regation is kept regularly informed as to particular needs foT funds, and oth¢[ ielevaD¢ m*tets and the Trustees aim to ensiire that the Charity will be able io continue to fijlfil ils charitable objectives even if there is a t¢tDporary shortfall In incom¢ or unexpected expendIre, by raisin8 a funds appeal to the congregation. Free reserves at the year end were £335.575 (2024= £242.070). The atjnual report was approved by the trusiees of the Charity on ......... ....... behalf by.. and signed on its Mr Thomas Pittock Treasurer Page 5
Swindon Gospel Trust Statement of Responsibilities The Trustees are responsible for preparing the Report of the Trustees and the fLnancial statement5 in accordance with applicable law a¢Jd United Kingdom Ac¢ounting Standards (United Kingdom Gencrdlly Accepted Accounting Pra¢ii¢e}. The law applicable to charities ill England and Wale5. the Charities Act 2011, Charity (Acrounts and Reports) Regulations and the provisions of the Trust Deed require th¢ Truste¢5 to pr¢pare financial statements for each fioan¢ial year which give a triie and fair view of the state of affairs of the Charity and of the incorning restsurces and applicatton of resources, including the in¢ome and ¢xpenditure, of the Charity for that period. In preparing th0 fInan¢ial stat¢menis, the Trustees are requiied to 5¢1¢ct 5Uitabl¢ accounting policie5 and then apply them ¢onsisiently; observe the methods aiid priiicip1¢5 in the Charity SORP. make judgement5 and ¢5timates that are reasonable and prudent- pr¢pare the financial statemenis on the Boing concern basi5 unless it is uiappropriate to presume that the ¢harity will continue in business. The Tru51e¢s are t¢sponsibl¢ for keeping proper a¢¢ounting record$ which disclose with reasonable accuracy at any time the financial position of the Charity and enable ihem to ensure that the financial statements cornply with the Charities Act 2011. the Charity IA¢¢ounts and Reports} Regulations and the provisions of the Trust Deed. They are a150 responsible for 5afeguardiiig the assets of the ChaTlty and h¢n¢¢ for taking reasonable steps for the prevention and detection of fraud and other irregularitie5. All the transactions of the trust h2v¢ been reviewed by atleast two truste¢5. The trustees are responsible for the maintenan¢e and integrity of the corporate and financial infomiation included 01) the charitable ctstnpany's website. Legislatjon governills the pieparation 2nd dissemin2tion of financial statemeiits may differ frorn legislaiitsn in oiher jurisdiciions. Approved by the trusiees of the ¢haTity on ... atjd signed on its behalFby'. Mr Thomas Pitto¢k Treasurer Page 6
Swindon Gospel Trust Independent Examiller's Report to the trust¢¢5 of Swindon Gospel Trust I report to the trustees on my examination of the accounts of Swindon Gospel Trust for the year ended 5 April 2025. R¢$pon$ibilitle$ gDd bA$i$ of report As the ¢hari¢y trustees tsf Swindon Gospel Trust YOU Are resp)nsible for the pr¢paraiioD of th¢ accounts in accordance with the require¢t5 of the Charities Act 2011 {'th¢ Ad,). I report in respect of my examination of the Swindon Gospel Trust's accounts carried out under section 145 of the 2011 Act and in carrythng out my examination I have followed all the applicable Directions given by the Charity Commission under se¢iion 14515llbl of lh¢ Act. BA$is of Ind¢pendent Eximin¢r'$ report My examination was Carried out in accorda¢ with the Genetal Directions given by the Charity Commission. An examination includes a review of the 3¢¢0unting r¢rords k¢pt by th¢ ¢harity and a comparison of the a¢¢ounlS presented with those re¢ords. It also in¢ludes ¢onsiderati(>n of arty unusll31 items or disclosures in the accounts. and seeking of ¢xplanatL0115 from you a5 Trustees conr¢rning any such TTtatteTS Th¢ procedures undertaken do not provide all the evideiice that would be required in an audit. and consequently no opinion is given as to whether the account5 pres¢llt a'true and faiT view, and the report is Irmited to those matters s¢t out in the Staterner below. Independent exgminer's Statement I have completed my examination. l ¢onfLm) thai no maierial matters have come to my attention in connection th the examinaiion giving me cause to beli¢ve ihai in any maierial reSpt.. accovnting records werr not k¢pi in respect of Swindon Gospel Trust as required by CtiOn 130 of the A¢i,' or 2. the accounts do not accord wth tlitsse records,. OT 3. the accounts do not comply with the accounttng requirements concerning the form and content of accoiint5 set out in the Charities IAccounts and Reports) Regulations ?008 other than any r¢quir¢ment that the actovnts give a 'iru¢ w*d fair view which is not a matter considered as part of an independent ¢xaminatiOE). I have no concerDS and have come across no other matters in connection with the examination to which attention should be drawn itt this report In OTder to ettable a proper llnderstattding of the accounts to be reached. Chris Pitto¢k- Senior Partner Hiuton Abbott Accountsnts 2 Kingsdown Orchard Hyde Road Swindon SN2 7RK Page 7
Sivindon Gospel Trust Statement of Financial Activities for the Year Ended 5 April 2025 unrestrict funds Designated Generil 2025 Note Income and Endowments from: Donations and leg2cies 192,105 192,105 Total itkcome 192,105 192,105 EKp¢hdiiurt on.. Cliaritable activities Other expendtture (78,447) {7.902} 178,4471 17,9021 Total ¢xpenditUT¢ {86,349) {86,3491 Net income 105,756 105.756 Net movement in fund5 105,756 105,756 Retontili9tlOD of funds Total funds brought fonvard 1.437.897 1,437,897 Total funds carried fonvard 1,543,653 Unrestritttd funds 1,543,653 Total 2024 Designated GeDerAI Note Intome &t*d Endowment$ from.. Donations and le8acies Total income 197,161 197.161 197,161 197,161 Expendlture on: Charitable atttvities Other ¢xpendiiwe 164,2341 12.8831 164,234) 12,8831 Total expenditt]re 67.1171 167.117) Net in¢otne GTOS5 transfers b¢tw¢en fund5 130,044 2,965 130.044 (2.9651 Net movement in funds (2,9651 13),009 130,tH4 RetontilRation of funds Totsl funds brought fotivard 2,965 1.304,888 1,3Q7,853 Total funds carried forward 1,437,897 1,437,897 All of the charity's activities derive from continuing operation5 during the above two periods. The ful5 breakdown for 2025 and 2024 are shown in note 8. The notes on pages 10 to 16 forni an inlegTal part of these fitEancial statements. Page 8
Sivindon Gospel Trust (Registration number: 1159755} Balance Sheet as at 5 April 2025 2025 2024 Note Fixed gsstts T8ngibl¢ asseis 1,208,078 .195,827 Current a55tts Debtors Cash at bank and sn hand 20,516 316,559 25,139 218,432 337.075 243,571 Creditors: Amounts falling du¢ within one ytgr 11.SQOI Net Current a55ets 335.575 242.070 Iyet assets 1,543,653 1,437,897 Funds of the charity: Unrestricted income funds Unrestricted fimds 1.543.653 1.437,897 Total funds 1,543.65i 1.4i7,897 Th¢ finan¢ial siaiements on pages 8 to 16 were approved by the trustt¢5. and authorised for issue on and signed on their behalf by.. r Thomas Pitiock Secretary The notes on pages 10 to 16 fom an integra] part of these financial statements. Pag¢ 9
Swindon Gospel Trust Notes to the Financial Statements for the Year Ended 5 April 2025 l Accounting polici¢$ Basis of financial stateentS Tlie financ131 5tat¢m¢Thts h3v¢ b¢¢Th PF¢pared in a¢¢ordan¢¢ with the Statement of Recommended Practice.. Accounting and Rcporting by Charlties preparing theiT a¢¢ounts in accordance with the Financial Reporting Standard applicable in thc UK and Republic of IT¢land IFRS 10?) sssued 00 16 July 2014. and incoryorating update bulletins l and 2. and the Financial Reporting Standard applscable in the United Kingdtsm and R¢publi¢ of Ireland IFRS 1021 and UK Gen¢rally Ac¢¢pted A¢counting Practice. Th¢ fun¢tional ourr¢n¢y of the ¢harity is st¢rling 1£). The Tru51 meet5 the definition of a publi¢ benefit etttity under FRS 102. Ass¢ts and liabiliti¢s are initially recognised at historical cost or transaction value ullless oiherwise srated in the relevatht accounting policy notelsl. IncomiDg Resou£$ Dottations are recognised in the year in which fhere Is ellfiilemeni and probability of receipt and the amount can be measured with reasonable certainty. Income is only deferred when the ¢haTity has to fulfil conditions before becoming eiilitled lo it or where the donor has specified that the income 15 to be exp¢nd¢d in a fulUT¢ y¢ar. Gift aid is added to the value of the donation to which it relates. Donated services are re¢ognised as income and expenditure the finatKial statemetlts ithen organisations (jr individithls offer ih¢ir services and support pro bono. The valiie of these donated services to Swindon Gospel Hall Trust is considered to be equal 10 market value which wuld be paid were the servic¢ fornially procured. This includes servrces paid for by other trusts. Inves¢ment income is accounted fot on a receivable basis. Resource$ expeoded Expenditure 15 included on an arcruals basis. Liabilities are recognised as soon as there is a l¢8al or constructive obligation committing the charity to pay out resources. Charitable activities comprise those costs directly attributable to the fvlfilment of the charitabl¢ objects. Governance and Support costs Support cosis hav¢ b¢¢n allocated between governance cost5 And other support costs. Goveman¢e costs comprise all costs involving the publi¢ accountsbility of the charity and costs related to statutory reqiiiremcnts. Governance and support cost5 are allwat¢d to rharittyble a¢tivities on the basis of eapacity sed. TAxatioTh The Trusi is a regisiered chariry and is not liable io United Ktngdom Income or eorrK)ration tax on eharitable activitie5. provided income fa115 Wlthin the ¢hariiable exemptions and is spent on charitable purp05e5. Page 10
Sivindon Gospel Trust Not4s to the FiD4ncial Statements for the Year Ended 5 April 2025 (continued) Tangible fixed assets Tangible fjxed as5¢t5 Itosting more than £I¢JO.001 aTe stated at ¢ost les$ depreciation. Freehold latkl is not dcpreciated. Depreciation is provided at rates calculated to WTit¢ off the cost. less estimated residual value, of each asset ovcr its expected useful life as follows.. FiXreS and Fittings 200A on Written down Value Fund structure The general unrestricted fund is free for the TteeS to use for atly purposes in furtherance of the trust. charitsbl¢ objects. Restritted futtds arise from doDalioJ)s 10 the trust, whtch are made for a specific purpose. Restricted funds can only be used for tl)¢ PUfP05e for whirh fund5 were given Going eoncern The Trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern. Signifi¢ant estimates and judgements The trustees do Rot cot]sider that there are atly Sources of estimation unrertainty at th¢ reporting (tsie that hav¢ a Significant risk ofcausing a mat¢rial adjustment to the Carrying amtsunts of assets and liabilities wtthin the next reportin8 period. Truste¢s' remuneration and expen5e5 No Trustees received any remuneratioll or other benef¥iS fTom on ¢mployment wsth the charity and no Tnjstees were reimbiirsed for expenses {2024.. None}. W#ges and salxrie$ There are rto employ¢es12024.. None}. Donk)t¢d Seryi¢e$ The Value of Donaied Services to Goddard Avenue Trust was £6,792 for the year ended 5 Apr212025. Pagell
Swindon Gospel Trust Notes to the Financial Statements for the Year Ended 5 April 2025 (continued) 2 Income from donation5 gnd legacies Unrestricted funds General Total funds Donations atjd legacies", DonatLOtis- Gift Aidabl¢ Donation- No Gift aid Gift aid reclaimed 81,813 89.8J9 20.453 81.813 89,839 20.453 Total for 2025 192.105 192.105 Total for 2024 197,161 197,161 J GovernAnce Cost Accountancy Fees includes £1,620 towards IndependeNt Examinations fees. Unrestricted lunds G¢ner*l Totil funds Note Legal fees Accountancy fees 6,282 1.620 6,282 1.620 Total for 2025 7.902 7,902 Total for 2024 2,883 Page 12
Swindon Gospel Trust Notes to the Financial Statements for tbe Year Ended 5 April 2025 (continued) 4 Resourtes Expended N¢t in¢orDing r¢5ourres for th¢ y¢ar in¢llld¢". 2025 2024 Depreciation of fixed assets Gla[LtOllaIcd S¢rvi¢¢s to Goddard Avenue TTUSt General maintainence Repairs & Maintenance Insurance Lighi , heat & pow¢r Security Health & Safety Washroom Supplies Donations and Gifts Sundry Expenses Telephone Accountancy Legal and professional fees Total 577 4,824 2,523 49,519 2,008 8,960 2,009 3.672 350 2.066 1,194 745 1,620 6,282 86,349 721 4,728 1.360 38,975 2,431 5,068 1,028 1,343 27) 5,418 2,219 670 1,440 1,443 67,118 5 Truste&% remuneration and e%peN$¢s No tnJsle¢s. noi any persons ¢onne¢ted with them, have received any remuneratlon from the charity durin8 th year. Page 13
Swindon Gospel Trust Notes to the FiJJan¢ial Slatements for the Year Ended 5 April 2025 (continued) 6 Tangible fixed *5S¢t5 Land and buildings Furniture •md equipment Total Co$t At 6 April 2024 Additions 1,192,942 12,829 34,138 1.227,080 12,8?9 At S April 2025 1.205,771 34,138 1,239,909 Depreciation At 6 April 2024 Char8e for the year Ai 5 April 2025 31,253 578 578 31,831 31,831 Net book vallle Ai 5 April 2025 1,205,771 2,307 1,208,078 At 5 April 2024 1.192.942 2.885 1,195,827 Property Details.. Land re8lStry titles of the abovt property held are WT309370. WT96393, WT93)68 and WT242527. Page 14
Swindon Gospel Trust Notes to Éhe Financial Statements for the Year Ended 5 April 2025 (continued} 7 Analysis of Det Assets b¢tween fund$ Unrestrirted funds General Total funds at 5 April 2025 Tangible fjxed assets Current assets Current liabilitie5 1.208,078 J37,075 11,5001 1.208,078 337,075 {1,5001 Toial nei assets 1,543,653 1,543.653 Unrestricted funds General Tot¥1 fund5 at 5 April 2024 Tangibl¢ fixed 955ets Current assets Current liabilities ,195,827 243.571 1.195.827 243.571 Toial nei assets 11 1,437,897 1,437,897 Page15
Swindon Gospel Trust Notes to the Financial Statements for the Year Ended 5 April 2025 (continued) 8 Funds Blnee at 6 April 2024 In¢oming resouT¢es Resources expended Balanee gt 5 April 2025 Unrestricted fuMd5 General 1,437,897 192,105 186,349) 1.543.653 Unre5tri¢ted fund$ Bxlance at 6 April 2023 Incorning re50vrces Resources expended B¥lxnte at S April 2024 Tran5fer$ Unrestricted funds Generdl 1,304,888 197,161 (67,1171 2.965 1,437.897 Designated 2.965 12.9651 Tot81 funds 1,307,853 197,161 167,1171 1,437.897 9 Related party trAnsactlODS During the year. donations received from related partie5 were £87.700. Page 16