Greyfriars Missionary Trust
(Registered Charity No 270369)
Annual Report and Flnancial Statements
Year anded 31 December 2023
"To see Readlng transforn)ed by the love and power of Jesus"

GRVfFRIARS PAISSIONARY TRUST
CHARtrY REGISTRATION NUMBER 270369
ANNUAL RepoRT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
CONTEpifs
page
Report of the Trustees
Independent Examinerfs Report
Statement of Financial Activities
Balance Sheet
Notes to the Financial Ststements

GREYFRIARS MISSIONARY TRUST
CHARITY REGISTrATION NUMBER 270369
Report of the Trustses
1. E8tabli8hm•nt and Purpose
Greyfriars Missionary Trust ("the Twsfi was estsblished by a Trust Deed dated 25th September 1975.
The Trust's main purpose is the advancement of relIg￿n by the promots.on and encouragom8nt ol
Christian missionary work in the Evangelical Christsn tradition.
2. Tru8ts0• and Offic•rs
Durlng the year, and In the period to the approval of this Repor( th8 folk￿ing seTred a6 Trustao•.'
Martln Haley, Chalr (appointed as Trusteè and Chair on 23 September 20231
Ellzabeth Smrth {resigned as Tru$toe and Chair on 23 Soptember 2023)
Alan Cross {as G￿YI￿ar$ PGC representabve)
Craig Hampton
Sven Lewis (Treasurer)
Timthy Seals
Revd David Walker, Vlcar of Grey￿[9 Church Rè&Jing
The numbw ofTru8lees may not b& fthver than fouror more than six. Two trust•88 serve ex offt￿, one
as the Vlcar of Greyfn'ars Church Reading and the other as Greyfn'ars PCC reprosentative. The
apwlnlment and removal of Trustees who are not Twstees ox Offic￿ vests in the ￿$tIng Trustee8
alone.
The followlng officer assistsd the T￿￿tea$..
8￿rntary: Tlmothy Gunas•kar
3. Addru•
The p￿nCIpal address of th8 charity '
Greyfriars Missionary Trust
Greytriars Centre
Friar Street
READING RG1 1EH
4. Object and Maln Actlvlty and Plans for Future Perfods
Under its goveming docunxn( the obJe¢bve of the Trust is to beneffit Christian Missionary work. To
achieve this ot4"ectNe. the main activty is to act as a channel for gNing by m8mbefS of Greyfn'ars
Church. Reading and New Hope ChU￿h, ReadirKJ tcrwards the swnsorship of Greyfnars, Mission
Partners and the suprAYt of Mission Sc¢ith"es in which the churche5 have an interest. The Trust fulfils
its objective principalty by making grants to other chantsble bod￿S. In future periods, the Trust plans
to continue SFonsoring Greyffiars, Mission Partners and Mission &￿Iet￿ and doing so in ways Ihat
refiect the interests of the members of Greyfn'ars Church and New Hope Church.
Page 1

GREYFRIARS MISSIONARY TRUST
CHARITY REGISTRATION NUMBER 270369
5. Finances
No part ofgeneral giving to Greyfrtars Church or New Hope Church goe5 to SUPPOrt its Mission Partner5.
Those individualswho wish to part¢ipate in the ffinancial supportof the MisS￿n Partners and the Mission
Societies Supported by the Trust grve dire¢ty to Gfeyfriar¥ Missionary Trust
Trust income for 2023 was £93.256, down 9.8% on incoff* in 2022 of £103,382, due to certain donors
discontinuing their giving during the year.
There were revaluation gains of £7,298 on h)n*temi financ￿1 investments12022'. £10,558 ￿ValUation
lossl (Note 7 ofthe Financial Statem8rrts>. whth *Yre broadty consistent with the perft>m￿nce ofwid8r
investment markets in 2023.
The Trusys propety at 14 Sa¢kville Street ￿ntinUed to be rented out during 2023, generating ￿ntaI
income of£14,06012022.. £13,920). Management fees, maintenance and other expenditure amounted
to £3,638 for 2023 {2022: £2,984).
6. MIs8lon Pathorn
The Trust supported 14 Mission Partners around tha world in 2023 (2022.. 16). Grant scales at whlch
Mission Partners are fvnded were increased in 2023 by 7.5% on 2022 level$. The nel resu￿ of the
funding increase less ￿ funded Mission Parthers in 2023 was thal grants to Mission Partners
decreased to £103,577 in 2023 from £1(￿.399 in 2022 (Note 4 of the Financial Statements).
The ¢alling of each of the Mission Parb)•r¥ is tested by a panel of rnmbors of thè Greyfriars Mi$6ionary
Trust Trustées and a PCC iepresenlatsve tefore being accepted for supwrt by the Trust.
7. Oth•r Grants
Grants of£1,000 were made lo Mlssk)n Soclelbs In 2023 (2022.. £5,000). In aoditlon. a grant of £2,600
wa8 made to a Short-temi youth mission from Greyfriars Church. Reading lo Tanzani8 In the summer
of 202312022. grants totslllng £700 were made to ￿Pport varlou8 short-iem m1661on aclvltses). (Note
4 of the Financial Statements}.
8. Re8orve8
The Trustees asse88 the adequacy of the Trusf8 ieserves at each meetsng during the year lat least
three meetings a year are held). In assessing the reserves. adequacy the Trustees take account ot.
Expected levels of income and budgeted levels of expenditure. inciuding commitments to
Misslon Partners, over the short and longer term..
Whether there are dekits that to be funded out ofcash reserves over thè m8dium temi..
and
The need to hold funds to meet unforeseen operational Costs.
To the extent the Trustees assess significant ￿umUlatIonS of funts had (Mxurred. giving to missions
would be incre88ed accordingly.
The Trustees rngard the Legacy Fund of £185.988 {2￿2. £178.6891 as lon*t8m reserves, to be
retained lo provide an Incoff￿ until $u¢h kn.me a¥ rt is required either to meet a shortfall in general
donats.ons received or to provide furKis for broadèning thg scopg of the Twst's giviThJ to missions.
Page 2

GREYFRIARS IAISSIONARY TRUST
CHARITY REGBTRAMON NUMBER 270369
9. Public Benefit
The Trustees have complied with the duty (set out in Section 4 of the Chanties Act 20111 to have due
regard to public benefil guidance published by the Charity Commission. The Trustees consider that
public benefft is provided by the focus of the grants on education and training. relief of pjverty, swrts
and r￿eatIOn. ¢On$￿atr.0n and communty deveknpment. togetherwrth religious xts'vities.
10. Rlsk Assessment
The Trust exists to make grants to missK*nari8s mission $￿th"8$ whth Greyfriars Church and
New Hope Church wish to SUPPOrt financialty. The major source of InCOff￿ to the TrLtst is grfts, chiefly
from members of Greyfn'ars Church and New Hope Church, past and present. The Trustees consider
that the greatest risk to the Trust's ability to conts'nue its actpiib'es ￿ that giving to the Trust could
diminish. Were income to decrease substantialty, the Trust wouhj have to r&Juce the level andlor scope
of grants. However, this risk is mitigated at the present tyme by the availabilty of funds.
Regardlng the risk of losses arising from dishonest a¢tivthes or negligence on the part of officers or
Truslees, the Trustees consider that intemal Check procedures ￿readY in place provide reasonablé
a86uranc8.
11. Pr•paration of Accounts
The accounts (financial $tatem8ntsl have been p￿pared in accordance with the Financial Reporting
Standard appluble in Ihe Unrted Kingdom and R&publK of IreLqnd IFRS 102}. the Stateffent of
Recommended Pra¢ti¢e'. Accounts'ng and Reporting by Charities preparing their acGount8 in accordance
with the Financ￿1 Reporting Stsndard aPpI￿able in the UK and Republlc of Ireland IFRS 102), and tha
Charities Act 2011.
This Report ha8 been approvod by tho Tru$tees.
Slgned
.2024
(Chair of the Trustoes)
P483

ty ••¢Uon 144SXb} ofthoA¢L
wIKth att•ntkn knukl b• In th1• rowt In c￿10 •n*bl• • olth•
Hll Top A%￿nIng Ltd

GREYFRIARS MISSIONARY TRU8T
STATEhlENTOF FIIIANCIAL A¢TI¥TnES lorthl 31 D•e•fflbw
CHARITY AEGISTRATION NUMBER2TO¥O9
X23
UnTeMr*trd Fund• O•¥luMt•d
Funds
2022
IIICOhllNG RESOURCE8
Tolal
Volunt8ry Irrt*m•
Grf1￿ donab"r
NO￿G￿tA￿l d(
S4209
11,483
7,378
13.236
6A3Z
Ir￿￿e Tax Rethlm*J
73.571
731
J5120
86,306
3,186
13.920
103,382
14mQ
Totsi*Kom
218
RESOURCES EXPENI
Ch•rbt•¥e
Grants and doMkn•
Rental prowty C￿1*
Othor cc4ts olcharfloL4• aththi
1107.171)
IJMJ81
1107.1rn
1112,00&1
12,9841
1111 J171
1116,11n
(2001
111I16n
1112,10
{116.317)
iknt•xp•ndllUV• brf•m n•t ITh¥••￿
1149111
112,9351
110.SOBI
D•lklilrom on
•£Uvb1b
23.492
RECONCILiATIOII OF FUN08
TO￿ funds brtyj
rtywird
ol•1 fund8 urrl•d fort￿rI
29J 814
272.122
IS￿2
260,50•
BALANCE 8HÉET•• It )1 O•cwnb•r2013
2023
2022
NOW4URRENT AS8Er8
IIK*.00
ioo,c
78.689
178,689
In¥•iim•nl•
Toi•l flx•d
t86.918
CURRENT AS$Ers
Inv•$th￿nI•
Debtorn
Cmh al and In han¢Y
Totsl curnnta8••ts
58,882
5.661
3106•
93,832
4.e02
74.T11
LIABiunES: hllng du• w*hkn on•swr
I2￿)
TOTAL NET ASSETS
272.1
FUNDS OF THE CHARirY
Unrestricted GeThryral
14421
185.
34.433
178.689
TOTAL IUNO8
272.122
artin Hwhy
Cha(rofTru8ieei
Gr￿trI￿r8 mts8l￿Try
13 Jurn 2024

GREYFRIARS IISSIOMARY TRUST
CHARiff REGISTIIATION NUMBER 270369
p￿86
NOTES TO THE ACCOUNTS
8TATEAEIIT OF ACCOUMTING POU¢IES
The InancPdl stst8rn￿ts ara l￿pAred in KtordaKo Wih Charths SORP IFRS 1021.
Inccffle trom gms aThJ ¢kne￿n8 * fxedittil ID revenw it is r￿&*abIts.
come trom m8jor ￿"e5 is brw L•Jy tr* •xwnts war ￿trAble.
and fijnd marwJ•rs.
7. THntytle ai••ts tog freth)kl 14 Stro•t Rwjvw.. I￿￿j as 4M•t
wrchaW M 31 OtL•mlJ8r 1998 kn £87.500 W￿￿8*¥a￿j &) 2000#t f1fy).1￿.
The TnJ81 doès h•¥e a ￿orro¥&I￿1&yl. The 4t this histc￿l¥4U9kn wih'n the acojjnts.
Th• rnvknwth• wcs•tyfc¢kndt•iw of y*r. ffj the e¥•rrt w Imp•tsow# 4 ￿ffied th• Tru8f8
I LEGACY FUND
Th• Legxy FuTrl rwrthJ IwJ05 from th¢l•t• MrJ D Dann and MlÉts E J LI￿•r￿A?.
In 1985 and 1W r86P8th8ty. In 19gB, th• Tn¥t Lwj ofthé L•qxy FLmd to wrchats• hrMJ88'
114 Sackv¥kn Str881l fvcth Gr***orn *Jrth•rts rflh• Trust knrtyJOJ.
L•qy Fund hr•a a Wrrt• ￿£185.080 at 31 Dw*•r202312022.. É178.0891. TN•¢tywkn•sE1ty).C&J whb* * tho c•rtythq
va*J• of14 S¥kvlh Str•ot4nd É8S.988 Id•***l kn Pk*•81.
De81GNATED FUIID8
The charlty h# no w¢bwm9nll￿11.
Th• twit•M rn•y ¢k*n•t• c•rlth ILMW• or yclf6 2009 ￿ Trwt r•c•W i imt Df£100,1)JO
Ircm Emmnwl As•￿￿￿ Tr) ￿1)￿ reknrNrwJ fthj ar•J th•m••Kw kn fv•ndaldMficuNkn.
Th• gfftwaj to mak• i dhknrKe * ￿r O￿V￿*￿'. Tr tyuiiryw hD¥e b)8rnfvJr•dwW*d a bJTrJ for rglthJ
CHARrrABLE ACTIVITE8. GRANn AIID DONATIONS
The maln purwB6 offv Truii ￿ to afvj (IBbTh fi*•knwyifr4*vJ thOu￿rIg•1￿ ¢dGrWr• Chwth. R•*Jlnp •nrt
N6w Hopo Clx¥c*, Réodlng. Th• IN•i•M MWI P•thB and do w fty F•rknd¥ ordhwrfty of
yearn. whk* can ￿ extertsj. Thrd nL*g8nwats a ¢4nmltyhWI tyl*t4ty for th•Tn*l th•
2022
Th• *nwnt8 and p•ld in thH.'
l••lon P•rtn•rn. R•e•hTkn¥
Pk)nq•rn I{￿udIT￿a P*th•r#l
31,470
1S.735
21.oao
15,736
7.374
T,5115
7,51S
108,399
Over8eaa Ml86w)ntiry
10,118
11,915
fvurGh Sctknty
CMRJHoiKEtsn
Youth A Mkn#h
IlJ20
320
101,077
5,000
700
On￿Off gfft•lorBhortt•rni n*•lDn
107.177
112,099
Fundlng of #YI•
Fund Grf
Resfrthd Gh1
107,177
111.099
107.177
112.C99
GOVER14ANCE COSTS
A 188 oF£25012022.. £2MI li pwrt4&toth• ffdm¥ofth8arwwal reF￿tal￿1 XXOLm¥.

QREYFRi•A8 MI8SIOIIARY TRUST
CIIARrrY REG18TRATION NUMBER 270189
NOTES TO THE ACCOUNTS
FIXEDASSETS
y￿ed Jt£100.000 tya qualw h) 21X¥J. ThB r8Wn Itatth*¥I￿￿0n afvj Mtto th•
INVESTMENTJ
ImfMtm•nts It M*thtVth•
2022
Lwi t•nn Short t•
Totsl
Ewlii frjn
UK 6x•J wuiitsvB
UK BhJrtt8Th dè
2190
2.742
75.947
146,147
133.371
M•th•i v•lu• al Wknnlng of>•w
Trnnsf8rs to vJrrnnl8cLr¥mt
N•1 aln
Marfc81 ¥8lu8 #t ¢md of
1J4in
152.820
110,0001
7,449
135371
11
Th•Tru￿$ fund mat)ager l*..
CCLA Ihv#trr￿nt
C8F Chwth (rf
146
135,371
8 DEBTORJ
2022
HMRC.Gm Rqc*
2,89J
2.987
&108
• cRE￿roA8
2022
200
200
10 RELATED PARTYTR4NSACTIOII8
Fl￿ra1￿&trU¥tIfySwve C(1x￿1 IPCCI rllknfkn CIV￿* R•r4Jknq dwtr$ 2023. Th•
11 ¢OMWTMENT8
Trnasuror
Grwfv*rs Mhb•t4wryTNIt
13 June 21r44