Greyfriars Missionary Trust
(Registered Charity No 270369)
Annual Report and Financial Statements
Year ended 31 December 2020
o see R￿d•￿tranSf￿med itythe love and powÈr of Jesus"

GREYFRIARS MISSIONARYTRusr
CHARITY REGISTRATION NUMBER 270369
ANNUAL REPORT AND HNANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2020
page
ReFM)rt of the Trustees
1-3
Independent Examinerfs Report
Statement of Financial Activitses
Balan￿ Sheet
Notes lo the Financial Statements

GREfFRIARS MISSIONARY TRUST
CHARITY REGISTRATION NUMBER 270369
1. Establishment and Purpose
Greytn'ars Missionary TTU5t rthe Trusfi Wds estabfished by a Trust Deed dated 25th September
1975. The chanty's main PUTpose is the advancement of ￿1￿J10n by the promob.on and
encouragement of Christian missionary wC￿k Fn the Evawell￿1 Chfisban tradrtitin.
2. Trustees and Officers
During the yearthe follumng served as Tntstg9S'.
Elizabeth Smith, Chair Sin￿ September 201-.
Alan Cross. Grey￿rS PCC represm
Helen Dibley
Philip Giddings (resigned 1rp June 2021)
Craig Hampton
Timothy Seals lelected 10th June 2021>
Revd Travid Walker. as VKar ofGreyfrBrs Chwch Reajing.
The number of Tnjstees may not be fewer than four or more than six. TV￿ Twstees seNe ex officio,
as above. The appoirrtment and removal of TTUStees who are not Trustees ex officio vests in the
existing Trustees.
The following officers assisted the Trustees".
Se¢retsry
Anthew Kylg {resNJned 4th March 2021}
Treasurnr
Alexis Wood
3. Address
The principal address of the charity is..
GreyfrÈars Missionory Tfust
Greyfriars Centre
Friar Street
READING RG1 1EH
4. Object and Main Aclivity and Plans for Future Perfods
Under tls goveming documert the obj.ect ofts Tnjst is to benefft Christian MissKinary WOTk.
To aehieve this objeclive, the main athty is to xt as a channel for givtng by members of Greyhiars
Church Reading and New Hope Church Reading towards the spon50r5hip of Greyfriar5' Mission
Partners and the support of Mission Sooeties in the thurches have an interest The Trust ftjffits
its objethve principally by maknng grants to other charitable L%yJie5. In future pe11￿J5. the Trust plans
to continue sponsoring Greyfn"ar5' Mission Partners and Mission socith.es and doing so in ways that
refiects the interests ofthe rnember5 of GreYfrIa￿ Church and Nvw Hope Church.
5. Public Benefft
The Trustees have com￿led wryth the duty (set in sectiC￿ 4 ofthe Charittes Ad 2011} to have due
regard to public benefft guidan￿ published by the Chartty Commissson. The Trustees consider that
public benefft Ès provided by the focus of the grants on education and training, relief of poverty. sports
and recreab'on. ¢x*tservation and cwimunty development. tcgether with religious activibes.
Page 1

GREYFRIARS MISSIONARY TRUST
CHARrrY REGISTRATION NUMBER 270369
6. Mission Partners
The Trust supported 15 Misyon Partners 8rwnd the w￿1 in 2020 (16 in 2019). The total of
$￿sOrShip to MissY)n Partners in￿eased from £97.300 in 2019 tr) £114.406 in 2020 and thrs
indud&s a £10,000 on￿ff retirement gift to Ruth Will￿rnS of the missM)n agency. chr￿lian Literature
Cn&sade (Note 4 of the Financial Slatementsl. The grant lev* frK all MissK)n Pathers were
Ir￿rease￿ by 2.4% {3% in 2019).
The calling of each of the MissKJn Parts*rs is tested by a panel of memi*rs of the Greytn"8rs
Mtssionary Trust TTUStees and a PCC rewesentalive before teing wted for support by thè TTUSL
7. Other Donations
Payments were made to Mission Scthlies of£10.OtX) In 20￿ (£26.825 in 2019). One planned Short
terni mission placement was sUPpL￿ed during yearwth a one-off grdnt of £500. l£nil in 20191
(Note 4 of the Financial Statements). The Cov1￿19 gk*>al patKlefflic stopped short temi lniss￿n
placèm8nts going ahe*l.
8. Finances
Trust income for 2020 was £94.958: th)wn 31% on 2019 in￿)Me of£136.736 primarily because of
reduced donations and rental incorrE. Th￿e revaluation gains of £5.352 on investrnent assets
12019.. £11,175 rev8lLWtion gain) thè Fmancial State￿nts).
The Trust's property at 14 SaL*ville Streetwa5 rwrtthxrtfr(xn Swtstr*)8r 2020. generatir¥J rental
income of £3.750. In the pre￿rflng months. thè Kwty was used by a Mission Partnèr family dunr￿9
their UK-home vrt and also rnalntenan￿ deccKat50n *as ￿rrIed oul. Management foes.
maintenanL*, detxjration and other exp&Ylilure amounted to £6.989 for 2020 (2019: £2.00n.
9. The role of Greyfriars Missionary Trust
No part of general giving to GreyfrTW5 Churth or Hope Church lo suprN)rt its Mission
Partners. Those ITKIr￿duals who wish to partiopate in Ihe financial SUPFQrt ofthe MisS￿n Partners
an(1 the Mssk)n S(KEtW SUWMNigJ by Ihe TnJsL gift direcuytr) GrEY[ria￿ MI￿onary TrusL
10. Reserves
Thè TnJst88s r8gard thè Le￿ Fund of£178.700 {201tr. £173.348) as lon￿terni reserves, to be
relained to provhde an in¢y)1￿ unlÈl tBne as it requir&1 eilher to rr￿et a shortf￿1 in general
)nations recwvod or tr) pwde tunts tmaJenir¥J the $￿pe of the Tn￿￿S giwng to mi8sion&
The Tnjstees do not seek to maintain a generdl rese¥ve bey￿￿ the r￿ed5 of providing a reasonable
levd of worknr•J (2pita. and rfarry siqnificant aLxumulati¢J) of such furKls were to o(*JJr. giving to
missions wwld be tn¢Jeased ￿CordIngly.
Page 2

11. Rlsk Assessment
The Trust exists to make grants to rrttssionaries and MISS￿ s￿letIeS GreyfrSaTS Churth and
New Hope Church wish to suprK)rt fmn(ialty. The major SOU￿ of income to the Tnjst is gifts. Ch￿fy
from members of Greytiiars Chtjrch and New Hcpe Church. past and presenL The Trustees cortsider
that thè grèat8St risk to the Tntsfs abilty to txjntinue ris acthibes is that g￿Ing to tt)e Trust wjld
diminish. Were income to decrease subslantialty. whith is a heNJhtened rEk be(2use of the COVI[
19 global pan¢Jemic, the TTUStwouid have to reduce the level andlor scope of grdnts. However, this
r&k is mityJated at present tin￿ by the availability of reserves largdy created by lega(ies.
Regarding the risk of ktsses arEir¥J frcxn dishor** 8th1t￿ or ne￿Iger￿* (ffi the part of officers or
Trustees. the Trustees cx)nsKlerthat irttemal t*&* 8lreW in ￿ace pro￿de rEasonal￿e
aSsLtran￿.
12. Preparation of Accounts
The accounts {finanaal staiements) have been prepared in authance with the Fina￿la1 Reporb"rtg
Standard applicable in Ihe Urbited lQrgdom aThJ RepubliG of Ireland {FRS 1021 as applrable 5inGe 1
January 2015. and the Statement of R￿(￿me¥￿Jed PraGlice.' A¢cwnting and Reporb"ry by Charitios
preparing their accounts in aCCordar￿e with the Financial Repo￿ng Standard appli￿b￿ in the UK
and Republic of Ir*nd IFRS 102) a5 applic8b￿ SI￿ 1 January 2015, aThJ the ChaTib8s Act 2011.
The accounts {finar¢ual statements) have been prepared lo give a and fairf view and have
departed from the Charities IAc(xAJnts and Repcffts) Reguk2tions 2￿8 only to the extent required to
provide a 'true fair V￿.. This deparbjre has invol¥e(I followng Ar￿U￿ting ar¢d Reporting by
Charities preparing their accounts in accordan￿ with Ihe Financial ReporbrNJ Standard appluble in
the UK and Republic of Ireland IFRS 102). rather than the Ac￿U￿ting and RepNting by Chanties:
Statement of Recommended Practi￿ effeclive from 1 Aw"12￿5 whK* has since been wthdrawn.
This Report has been 8wYoved by￿￿ Tntsle
15 O¢hb
(Chair of theTrustees)
Page 3

GREYFRIARS MISSIONARY TRUST
CHARifi REGISTRATION NUMBER 270369
Independent Examinerfs Report to the Trustees of Greyfriars Missionary Trust
I report to the Trustees on my examination of the accounts of the above chanty 1.the Trusf} fot Ihe
year ended 31 December 2020 which are set out on pages 5 to 7.
Responsibilities and basis of report
As the charity's trustees, you are responsible for the preparatton of the accounts in accordance with
the requirements of the Charities Act 2011 {'the Acri.
I report in respect of my examination of the Trusys aiwunts carried out under section 145 of the 2011
Act and in carrying out my examination I have followed all the applicable Directions given by the
Charity Commission under secbon 145(5) {b} of the ACL
Independent examinerfs statement
I have completed my examinatson. I confim that no material matters have come to my attention in
connection with the examination which gives me cause to consider that in any malerial respect".
the accounting records were not kept in accordance with section 130 of the Charities Act", or
the ￿COUnts did not a¢¢ord with the accounting records., or
the ￿coUnts did not comply wrth the applThble requirements concerning the form and
content of accounts set in the Charities (Accounts and Reports) Regulab'ons 2008, olher
than any requiremenl that the accounts give a Inje and fairf view, which is not a matter
considered as part of an independent examinats"on.
I have no conwns and have come across no other matters in connection wrth the examination lo
which attention should be drawn in this reFKIrt in order to enable a proper understanding of the
accounts to be reached.
Signed
IL
Rachel Belshaw
Hill Top Accounting Ltd
Hill Cottage. Church Lane. Ufton Nerve( Reading. RG7 4HQ
Ig
O(hb
-2021
Page 4

¥)19
INCOMING RESOURCES
Vc4Un*if￿Alff
$1.6J3
1421•
10220
J r4(NM
14210
22,S76
103ZO
14.$01
20.0
I￿.444
2,870
W71
750
3,79J
10.422
136,738
Toiallnmn
RESOURCES EXPENDED
GRntsand
Costs tsf 14Sxkni￿Str£el
14W• 124J06
124.125
1007
122
121ts17
122
IWY7
126249
122217
132217
126249
P.TO4 13Y
11.175
11.175
P75541
21.6
RECONCIUATKIN Cf FIINDS
T(1alfiJr￿$t￿￿r￿￿w0
Th124
17&
372,921
F￿ED ASSETS
TSnwb￿a$gets
73.739
173.739
17470D
27.418
89.6Y5
In¥estrnents
2FT
11&145
149.182
372.921
FUNDS QFTHE CHARtFY
79.124
1n.348
70.449
1mT¢ty
744
291,•f4
322.921
Lttsrtuth

I LEGACY FUND
I OThER FIJNOS
2019
31970
1&735
19.105
21.136
15.735
37.
6.143
11,85S
21.9)2
15.3fj7
2.orKI
114416
97.310
10.(
12
GetEr41 tx5
1¥12S
1Q(IVJ
124￿6
124125

NOTESTOTrIEp£¢ciJNrs
2D?9
613FT
7Th) 139,9
89.6T5
163,414
73W8 89.675 163,023
1S92
189,372
P1.(KKI)
.woi
4352
139,9$7
51
163.414
7&7(L)
61
139,
163.434
v4uBd al£If￿￿)￿a W*W4*￿￿2r￿￿.ThETrtsIEe￿ Thxio re¥duètr
Treasurer