CHARITY COMMISSION
FOR ENGiANO ANO WALES
Receipts and payments accounts
CC16a
Forthe ￿riod
To
01Kf42024
31n312025
Section A Receipts and payments
Unrestricted
R•strict•d
Endowm•nt
fund5
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A1
Sub totsl(Gross incryne for
AR)
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Sub total
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IIIL
NIL
NIL
Net of rve•ipts/(paym•nts)
AS Transfers between funds
A8 Cash fund518st yogr end
C8$h funds thls yur end
MIL
NIL
NIL
NIL
NIL
NIL
NIL
CCXX R1 accwnts l&SI
1310112026

Section B Statement of assets and liabilities at the end of the period
Unrestricted
Re$¢ricted
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Categtsries
Details
funds
B1 Cash fun
Total ¢ash fvn¢ts
NEL
NIL
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funds
Endovmb•nt
funds
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Datè of
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Pn'nl Nam#
JAMES S4YERS
JONNIE MISCAMPBELL
2É
CCXX R2 ￿OUnt5 ISSI
1310112026

Annual Report of Pral$eTTUSt CIO forflnanclal￿ar 202&25.
Praise Trust CIO (Charity No 12087511 was Set up by the trustees of the preexlsting Praise Trust
(Charity No 10565291 and was registered with the Charty Commission on 20 June 2024.
At our AGM for the pre-existing charity Praise Trust on 20 November 2024. w8 r8solved to
transfer all assets, funds. insurance. contracts and intellectual property rights of the existing
charity to Pralse Trust CIO. this change to take effect on 31 January 2025. However. the transfer
took longer than expected, due to a Slow process in setting up bank accounts for the new CIO.
Therefore the process was delayed beyond 31 March 2025 into the newfinancial year of both
trusts.
The existingTrust continued to operate beyond the end of the flnan¢l81 year 2024-25. and no
funds weT8 transferred duringtfie financialyear 1104124-31103125. We hav8 therefore attached
a financial report for Praise Trust CIO that shows nil batances. As no funds were involved. and
inoependenrexaminerwas not needed.
The full transfer of funds and assets took place succe88fully inthè fln8nclalyear 2025-26, 8nd
this will be fully reported in our next Annual Report.
Signed
James Sayers
Chairman of Trustees. Pr81$0 Tru3t.
Charlty No 1056529