Charity registration number 1168500
THE STUART HINE TRUST CIO
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Caladine
chortered Certified Accountants

THE STUART HINE TRUST CIO
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees
Mr R Bodkin FCA {Chairman)
Mr L Chipping
Mrs M Churchyard
Mr R Clark
Mr N Coltman
MrJ Juby
Mr P Loose
Mrs S Wlmot
Associate members
MrA Bodkin
Mr D Churchyard
Charity number
1168500
Principal address
40 Chapel Road
Pawlett
Bridgwater
Somerset
TA6 4SH
Independent examiner
John Caladine FCCA CTA FCIE
Caladine Limited
Chanty House
22 Upperton Road
Eastboume
East Sussex
BN21 IBF
Bankers
Metro Bank
59 Terminus Road
Eastboume
East Sussex
BN21 3NN
Financial advisers
Arnott Guy & Co Ltd
Cornerstone House
416 Brassey Avenue
Eastbourne
BN22 9QD
Legal advisers
Taylor iwessing
5 New Street Square
London
EC4A 3TW
Robert Monath
PO Box 12423
Raleigh
NC 27605
USA

THE STUART HINE TRUST CIO
CONTENTS
Page
Trustees report
Statement of Trustees responsibilities
Independerrt examiners report
Statement of financial activities
Statement of financial posrtion
Statement of cash flows
Notes to the financial statements
10-15

THE STUART HINE TRUST CIO
TRUSTEES REPORT
FOR THE YEAR ENDED 31 MARCH 2024
The Trustees present their annual report 2nd financial statements for the year ended 31 March 2024_
The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the
rinancial statements and comply wth the trust's constitLrtion the Charities Act 2011 and "Accounting and Reporting
by Charities.. Statement of Recommended Practice applicable to charib.es preparing their accounts in accordan
with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 (effective 1 January
2019)"
Objectives and activities
The objects of the trust ale to receive the royalties due from the hymn How Great Thou Artl and its derivalives (the
English words and arrangement of this hymn were written by the late Stuart K. Hine). invest the receipts and ensure
that the resulting funds are used for charitable purposes only. The trust is also responsible for the hymns collected
by Stuart and published in the songbook Hymns of Other Lands. No royalties are currently received in respect of
these hymns.
During this financial year we have continued to make grants to the UK charits'e5 SUPPOrted by Stuart during his
lifetime.
For many years Stuart ministered in Pdand, and what is now the Ukraine, and consequently we conb.nue to support
organisations working there. Given the recent outbreak of war in that region the trustees wished to focus much of
their funding in that area.
Stuart's daughler (who sadly died in October 2023) was, for many years. involved both in Bible translation and
teaching with Wycliffe Bible Translators. We were again able, Ihis year. to provide funding towards specific projects
and mission workers. 370/0 of our grants in this year have gone to Wcliffe.
In all we have given financial support to thirty-one different Christian chaiits"es, Christian organisalions, individuals
and missionary societies throughout the year.
Public benefft
The Trustees, in deciding whal charities the trust should support. have had due regard lo the Charity Comm15sion's
guidance on public benefit and operate the trust accordingly_ All the charitie5, organisations and individuals we
support operate for the public benefit, both within the UK and overseas. The Trustees have paid due regard to all
guidance issued by the Commission.
Achievements and performance
We are continuing to see the benefits of the changes we made, some years ago, in our sub-publishing agreements
with American publishers. We are also continuing to benefit from lower exchange rates.
No change has taken pla￿ in the administration of the rights for the Rest of the Wodd.
These continue to be administered by Integrity Music UK. who we meet with once a year.
The Trustees have agreed that it is important to continue meeting with those individuals and organisations to whom
we make grants. During 2023 the Trustees met with representatives from Hope Now, Wycliffe, Breadline, The
Philadelphia Trust, Hope Lebedyn, Innovista and Feba Radio & Pioneers_
Anniversary Year - A newly orchestrated version of How Great Thou Artl {Unb"l That Day) appeared on thi5 year's
Prom Praise and a whole programme of Songs of Praise was devoted to Ihe 75th anniversary of the original
publication of How Great Thou Art!
The Trustees are planning further ￿lebratOry events later in the year.
The hymn remains exceedingly popular. and Ihe Trustees are anticipab-ng great celebrations of all that has been
achieved with the royalties re￿iVed to date and what they hope will be achieved in the futu￿.
The Trust developed a new website which showcases the new version of the hymn as well as highlighting the great
impact that the original hymn has had over the years and the ongoing work of the Trust
how
reatthouartofficial.com

THE STUART HINE TRUST CIO
TRUSTEES REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Financial review
Our main source of income is the copyright royalties we receive from the hymn How Great Thou Artl published by
the late Stuart K. Hine in April 1949. Mr Hine died on the 14 March 1989. Copyright remains in existence for 70
years. from the date of the authorf5 death.
IrTr addition. we do receive a small amount of income from our Investments.
In 2024 we celebrate the 751h Anniversary of the first publication of How Great Thou Artl The Tru5tee5 have
commissioned a new version of the hyrnn
How Great Thou Artl (Until That Day). with additional lyrics by Matt
Redman and Mitch Wong. The Stuart Hine Trust CIO owns the copyright in this new work (copyright remains in
existence for 70 years, from the date of the last surviving author's death). It is anlicipated that the new version will
generate significant royalties in the years to come. Any royalties received frorT) the new work will be used
exclusively for charitie5 working in the Ukraine and surrounding areas for an initial period of three years.
The level of Royally income vanes from year to year. as it is dependent on sales of third-party producls,
performances and exchange rates. During the financial year ending 31 March 2024, we saw the income increase
from £498,599 to £624,224. This was primarily due to monies received from Capitol CMG from recently resolved
disputed royalties.
We are so appreciative of the work and creativity of all our Sut￿pUblIshers.
Our Investment Income, from deposit accounts. has shown an increase from £945 to £2.492.
At the year-end our annual income & expendtture showed a deficrt of £19,473 {2023= deficit of £28,157).
As in the past grants were made. primarily. to Wcliffe Bible Translators {£204,800} Christian charities. and Chiislian
organi5ations. in accordance with the settlor's wishes. We hope to continue to support these charities in future
year5.
Additional major grants of £10,000 or more were made to the following charib-es.
Bethel Baptist Church
£12.500
Breadline
£25,000
Coastlands Community Church
£20,000
European Mission Fellowship
£16,400
FEBA
£17.000
Great Lakes Outreach
£11,500
Hope Lebedyn
£10.000
Hope Now
£10,000
IBTI
£10,000
£51,000
£12.000
£12.000
£10,000
£32,810
£10,000
£10.000
Innovista
International Mission to Jewish People
Life Bridging Works
Philadelphia Trust
RMAF
Slanton House
TEN
Support and governan￿ costs V￿re £14,107. slightly lower than last year (2023. £16,636).
Total fund5 at 31 March 2024 amounted to £181.482 (2023.. £200.955).
Reserves policy
It is the policy of the trust to maintain unrestricted funds. which are the free reserves of the trust. at a level which
exceeds the anticipated annual commitments. This enables the trust to respond promptly to emergency application5
for grants.
The trust has no legal commitments for the year erKling 31 March 2025, bLrt the anticipated annual comrnilments
are in the region of £160,000. Unrestricted funds at 31 March 2024 were in excess of this amount.

THE STUART HINE TRUST CIO
TRUSTEES REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Investment policy
Financial advisers have been appointed to a5SiSt the trustees in the task of investing any surplus funds in deposit
accounts with recognised financial institutions.
Risk management
The Trustees examine. on a regular basi5. the major business and opetabonal risks the charity fa￿s_ Reporting
systems and procedures have been established to ensure that steps are taken to lessen these risks. Each Trustee
accepts responsibility for an area of operation consistent with their area of expertise_ However. the oversight and
management of the Trust remains the responsibility of all the Trustees and all decisions are taken by the whole
board.
Our Independent Examiner receives copies of all minLrtes to ensure that both legally and financially we are meeting
the requirements ofthe Charity Commission.
Data Protection Legislation
The Trustees have discussed their understanding of the12test GDPR legislats'on and their personal responsibility
regarding personal data on their computers. They have confirmed and agreed their Privacy Notice document and
the Trust's Consent Form. The Privacy Notice is included on our website.
Structure, governance and management
The Stuart Hine Trust CIO is governed by its Constitub-on dated 29 July 2016, which took over the assets of the
pievious Trust The Stuart Hine Trust. This old Trust remains in existence in case of any residual legal rights
coming to light in the future which might not have been transferred to The Stuart Hine Trust CIO (the Trust). To
ensure a nominal amount is available to maintain the legal existence of the Stuart Hine Trust a £5 note has been
attached to the Stuart Hine Trust deed in the Trust's secure filing cabinet at our offices in Pawlett, Somer5et.
The Trustees, who are also the members ofthe Trust. who served during the year and up to the date of signature of
the financial statements were-
Mr R Bodkin FCA Ichaimian)
Mr L Chipping
Mrs M Churchyard
Mr R Clark
Mr N Coltman
Mr J Juby
Mr P Loose
Mrs S Infilmot
Associate members (non voting)..
Mr A Bodkin - appointed 1 Olh June 2023
Mr D Churchyard- appointed 101h June 2023
It is the Trust's policy that the Trustees should be drawn from a broad spectrum of evangelical denominational
affiliations. There should be an age mix among them with both older and younger members. There should also be a
mix of male and female Trustees with gifting's that meet the needs of the Trust.
New Trustees are nominated, inteNiewed and appointed in accordance with the Trust's constitution. It is the policy
of Ihe Trust to ensure that all Trustees have the experience, commitment and gifting to contribute lo its objects,
organisation and development_ They should be committed evangelical Christians with a heart for mission and bible
translation and particularly the work of Vvycliffe Bible Translators.
The Trustees normally meet at least three times a year in March. June and November.

THE STUART HINE TRUST CIO
TRUSTEES REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
The Trustees have delegated the day to day running of the Trust to Mrs Melanie Churchyard. with assistance from
Mr Raymond Bodkin FCA. Mr5 Churchyard and Mr Bodkin both receive professional fees for the secretarial and
accounting duties they perform. They communicate regularly with the other Trustees by email and telephone to
discuss issues that arise in be￿een meetings. Financial and management information is also regularly
communicated in this way. Mr Bodkin will continue in the role of Chairman until June 2024.
The skills of individual Trustees are reviewed and monitored regularly.
Disclosure of infomiation to Independent Examiner
The Trustees are aware of their responsibilities: as set out above, and have taken all the steps necessary to ensure
that they provide the Independent Examiner with the information he requires.
To the best of our knowledge and belief there is no relevant information that the Independent Examiner is not aware
of.
Independent Examiner
Mr J R Caladine FCCA CTA FCIE, is the Independent Examiner to the Trust and he has indicated that he will be
prepared to continue in office.
The Trustees report was approved by the Board of Trustees.
CA (Chairman)
Tru
8 June 2024

THE STUART HINE TRUST CIO
STATEMENT OF TRUSTEES RESPONSIBILITIES
FOR THE YEAR ENDED 31 MARCH 2024
The Trustees a￿ fesponsible for preparing the Trustees Report and the financial statements in accordance with
applicable law and United Kingdom Accounting Standards (United ￿"ngdoM Generally Accepted Accounting
Practice).
The law applicable to charities in England and Wales requires the Trustees to prepare financial statements for each
nancial year which give a true and fair view of the state of affairs of the trust and of the incoming resources and
application of resources of the trust for that year_
In preparing these financial statements. the Trustees are required to-
select suitable accounting policies and then apply them consistently-
observe the methods and principles in the Chanlies SORP"
make judgements and estimates that are reasonable and prudent-.
state whether applicable accounting standards have been followed. subject to any material departures disclosed
and explained in the financial statements., and
prepare the financial statements on the going concem basis unless it is inappropriate to presume that the charity
will continue in operation.
The Trustees are responsible for keeping sufficierrt accounting records thal disclose with reasonable accuracy at
any time the financial position of the Iru5t and enable them to ensure that the financial statements comply with the
Charities Act 2011, the Charity (Account5 and Reports) Regulations 2008 and the provisions of the trust deed. They
are also responsible for safeguarding the assets of the trust and hen￿ for taking reasonable step5 for the
prevention and detection of fraud and other irregulatities.

THE STUART HINE TRUST CIO
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF THE STUART HINE TRUST CIO
I report to the Trustees on my examinath.on of the financial statements of The Stuart Hine Trust CIO (the trust) for the
year ended 31 March 2024.
Responsibilities and basis of report
As the Trustees of the trust you are responsible for the preparation of the financial statements in accordance with
the requirements of the Charities Act 2011 (the 2011 Act).
I report in respect of my examination of the trust's financial statements carried out under section 145 of the 2011
Act. In carrying out my examination I have followed all the applicable Directions given by the Charity Commission
under section 145(5)(b} of the 2011 Act.
Independent examiner's statement
Since the trust's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145
of the 2011 Act. I confirm that l am qualified to undertake Ihe examination because l am a member of the
Association of Chartered Certified Accountants, which is one of the listed bodies.
Your attention is drawn lo the fact that the charrty has prepared financial statements in accordance wrth Accounting
and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable
in the UK and Republic of Ireland (FRS 102) in preference lo the Accounting and Reporting by Charities. Statement
of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has now been
withdrawn.
l understand that this has been done in order for finanaal statements to provide a true and tsir view in accordan
wilh Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.
I have completed my examination. I confirm that no matters have come to my attention in connection wilh Ihe
examination giving me cause to believe that in any material respect-
accounting records were not kept in respect of the trust as required by seth.on 130 of the 2011 Act- or
the financial statements do not accord with those iecord5", or
the financial statements do not comply with the applicable requirements conceming 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 COn￿M$ 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 financial statements to be reached.
John Caladine F
CTA FCIE
Chartered Certified Accountant
Caladine Limited
Chantry House
22 Upperton Road
Eastbourne
East Sussex
BN21 1BF

THE STUART HINE TRUST CIO
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITUREACCOUNT
FOR THE YEAR ENDED 31 MARCH 2024
Unrestricted
funds
2024
Restricted
funds
2024
Total
Unrèstricted
funds
2023
2024
Notes
Income from:
Charitable activities
Investments
624.131
2,492
93
624.224
2.492
489,599
945
Total income
626.623
93
626,716
490.544
Exponditure on:
Charitable activities
646.189
646.189
518,701
Total expenditure
646,189
646,189
518.701
Net incomel(expenditure) and movement in
funds
(19.566)
93
(19,473)
(28,157)
Reconciliation of funds".
Fund balances at 1 April 2023
200,955
200.955
229,112
Fund balances at 31 March 2024
181.389
93
181,482
200,955
All income and expenditure derive from continuing activities.

THE STUART HINE TRUST CIO
STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2024
2024
2023
Notes
Current assets
Cash at bank and in hand
183.282
205,022
Current liabilities
11
(1.800)
{4,06n
Net current assets
181,482
200,955
Net assets excluding pension liability
181,482
200,955
The funds of the trust
Restricted income fvnds
Unrestricted funds
12
93
181,389
200,955
181,482
200,955
The financial statements were approved by the Twstees on 8 June 2024
A (Chairman)

THE STUART HINE TRUST CIO
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 MARCH 2024
2024
2023
Notes
Cash flows from operating activities
Cash absorbed by operations
16
(24.232)
{26,595)
Investing activities
Investment income received
2.492
945
Net cash generated from investing
activities
2.492
945
NÈt decrease in cash and cash equivalents
(21.740)
{25.650)
Cash and cash equivalents at beginning of year
205,022
230,672
Cash and cash equivalents at end of year
183.282
205,022

THE STUART HINE TRUST CIO
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Accounting policies
Charity infomiation
The Stuart Hine Trust CIO is a Charitable Incorporated Organisation with a principal address of 40 Chapel
Road, Pawlett. Bridgwater, Somerset. TA6 4SH.
1.1 Accounting convention
The financial statements have been prepared in accordan￿ wth the trust's constitution, the Charities Act
2011 and 'Accounting and Reporting by Chartts"es". Statement of Recommended Practice applicable to
charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK
and Republic of Ireland (FRS 102) leffeclive 1 January 2019)" The trust is a Public Benefit Entity as defined
by FRS 102.
The financial statements have departed from the Charities (Accounts and Reports) Regulations 2008 only to
the extent required to provide a true and fair view. This departure has involved following the Statement of
Recommended Practi￿ for charities applying FRS 102 rather than the version of the Slalement of
Recommended Practice which is referred to in the Regulations but which has since been withdrawn.
The financial ststements are prepared in sterling. which is the fvnctional currency of the trust. Monetary
amounts in these financial statements are rounded to the nearest £.
The financial slatemerrts have been prepared under the histoncal cost convention. The principal accounting
policies adopted are set out below.
1.2 Going concern
At the time of approving the financial statements. the Trustees have a reasonable expectation that the trust
has adequate resources to continue in operational existence for the foreseeable future. Thu5 the Trustees
continue to adopt Ihe going concem basis of accountin9 in prepating the financial statements.
1.3 Charitsble funds
Unrestricted funds are available for use at the discretion of the Trustees in furtherance of their charilable
objectives.
Restricted fijnds are subject to specific conditions by donors or grantors as to how they rnay be used. The
purposes and uses of the restricted funds are set out in the notes to the financial statements.
1.4 Income
Royalty Income is recognised on re￿Ipl of monies received per the industry standard.
1.5 Expenditure
Resources expended are allocated to the particular cost ￿ntre to which they relate and include irrecoverable
VAT.
Grants Paid
Disclosure of the grant making policy and sums di51tibuted are shown in the Trustees report.
1.6 Cash and cash equivalents
Cash and cash equivalents indude ￿sh in hand. deposits held at call with bank5, Other short-term liquid
investments with original malurities of three months or less. and bank overdrafts. Bank overdrafts are shown
within borrowings in current liabilities.
10-

THE STUART HINE TRUST CIO
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Accounting policies {Continued)
Basic financial assets
Basic financial assets, which include trade and other receivables and cash and bank balances, are initially
measured at transaction pnce including transaction costs and are 5ubsequenlly carried at amortised cost
using the effective interest method unless the arrangement constitutes a financing transaction, where the
transaction is measured at the present value of the future receipts discounted at a market rate of interest.
Financial assets classified as re￿1vable within one year are not amortised.
Basic financial liabilities
Basic financial liabilities, induding trade and other payables and bank loans are initially recognised at
transaction price unless the arrangement constitules a financing transaction, where the debt instrument 15
measured at the present value of the future payments discounted at a market rate of interest. Financial
liabilities dassified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade payables are obligations to pay for goods or services that have been acquired in the ordinary course of
operations from suppliers. Amounts payable are dassified as current liabilities if payment is due within one
year or less. If not, they are presented as non-current liabilities. Trade payables are recognised initially at
transaction price and subsequently measured at amortised cost using the effective interest method.
Derecognition of financial liabilities
Financial liabilities are derecognised when the trust's contradual obligat.ons expire or are discharged or
cancelled_
1.7 Employee benefils
The cost of any unused holiday entitlement is recognised in the period in which the employee's servi￿5 are
received.
Termination benefits are recognised immediately as an expense when the trust is demonstrably committed to
terminate the employment of an employee or to provide termination benefits.
Critical accounting estimates and judgements
In the application of the trust's accounting policies. the Trustees are iequired to make judgements, estimates
and assumptions about the carying amount of assets and liabilities thal are not readily apparent from other
sources. The estimales and associated assumptions are based on historical experience and other factors that
are considered to be relevant. Actual results may differ from these estimates.
The estimates and underfying assumptions are reviewed on an ongoing basis. Revisions to accounting
estimates are recognised in the period in which the estimate is revised where the revision affects only that
period, or in the penod of the revision and future periods where the revision affects both current and future
periods.
Income from charitable activities
Unrestricted Restricted
funds
funds
2024
2024
Total Unrestricted Restricted
funds
funds
2023
2023
Total
2024
2023
Charitable activities
Royalties re￿iVed
624.131
93
624,224
489,599
489,599
11

THE STUART HINE TRUST CIO
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Income from investments
Unrestricted Unrestricted
funds
funds
2024
2023
Interest re￿1vable
2,492
945
Expenditure on charitable activities
Charitable
activities
Charitable
activities
2024
2023
Direct costs
Royalties paid
Productions costs (Anniversary)
39,643
34,029
26,145
73.672
26,145
Grant funding of activib'es (see note 6}
558.410
475.920
Share of support and governance costs (see note 7)
Support
Governance
1,246
12,861
1.483
15,153
646,189
518.701
Anatysis by fund
Unrestricted funds
646,189
518.701
Grants payable
Charitable
activities
2024
Charitable
activities
2023
Grants to institutions."
Wycliffe Bible Translators
other Institutional Grants
204,800
353,610
147,700
328,220
558,410
475,920
12-

THE STUART HINE TRUST CIO
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Support costs allocated to activtties
Charitable
activities
2024
Total
2023
Printing, postage and stationery
Barjk charges
Website
Other admin expenses
Govemance
53
380
85
728
12,861
492
184
87
720
15.153
14.107
16,636
2024
2023
Governance costs comprise:
Accountancy
Professional fees
Trustee meetings and expenses
1,800
7,750
3.311
1,704
9,188
4,261
12,861
15.153
Accountancy fees includes payments to the Independent Examiner of £1,050 {2023.- £994) for accountancy
services and £750 (2023: £710) for independent examination work.
Trustees
Mr R Bodkin. a Trustee. received fees of £2.300 (2023: £2.100) for professional serVI￿S during the year.
Mrs M Churchyard, a Trustee, re￿iVed fees of £5.200 (2023= £4.725) for professional services during the
year.
Mrs S Wilmot. a Trustee. is employed by the grant recipient Wdiffe Bible Translators and is also a trustee of
grant recipient Great Lakes Outreach.
Mr J Juby, a Trustee. is also a trustee of grant recipient Coastlands Community Church.
Three Trustees were reimbursed travel and subsistence expenses totalling £1,102 during the year {2023'.
three trustees were reimbursed £1,055).
Employees
The average monthly number of employees during the year was."
2024
Number
2023
Number
Total
13-

THE STUART HINE TRUST CIO
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Employees {Continued)
There were no employees whose annual remuneration was more than £60.000.
10 Taxation
The charity is exempt from taxab.on on its activrtie5 because all its income is applied for charitable purposes.
11 Current liabilities
2024
2023
Accruals and deferred income
1.800
4,067
12 Restricted funds
The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust
subject to specific conditions by donors as to how they may be used.
At 1 April
2023
Incoming At 31 March
resources
2024
How Great Thou Art (Until That Day)
93
93
How Great Thou Art (Until That Day) - The fund has been set up to house the royalties from the new song for
an initial period of 3 years and for the money to be disbursed for work in Ukraine.
13 Unrestricted funds
The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are
not subject to specific conditions by donors and grantors as to how they may be used. These include
designated funds which have been set aside out of unrestricted funds by the Trustees for specific purposes.
At 1 April
2023
Incoming
resources
Resources At 31 March
expended
2024
General funds
200.955
626,623
{646,189)
181,389
Previous year:
At 1 April
2022
Incoming
resources
Resources At 31 March
expended
2023
General funds
229.112
490.544
(518,701)
200,955
14-

THE STUART HINE TRUST CIO
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
14 Analysis of net assets between funds
Unrestricted
funds
2024
Restrictsd
funds
2024
Total
2024
At 31 March 2024:
Current assetsl(liabilities)
181.389
93
181,482
181,389
93
181,482
Unrestricted
funds
2023
Restricted
funds
2023
Total
2023
At 31 March 2023".
Current assetsl{liabilities)
200,955
200,955
200.955
200,955
15 Related party transactions
Transactions with Trustees are outlined in Note 8. There are no other disclosable related party transactions.
16 Cash generated from operations
2024
2023
Deficit for the year
{19,473)
128,157)
Adjustments for..
Investment income recognised in statement of financial activ￿"e$
{2,492)
(945)
Movements in working capital-.
IDeGrease)lincrease in trade and other payables
(2,267)
2,507
ash absorbed by operations
(24,232)
{26,595)
17 Analysis of changes in net funds
The trust had no material debt during the year.
15-