Greyfrfars Missionary Trust (Registered Charity No 270369) Annual Report and Flnancial Statements Year ended 31 December 2025 'Yo see Reading transformed bythe lthle and power ofjesus"
GREYFRIARS MISSIONARY TRUST CHARTff REGISTRATION NUMBER 270369 ANNUAL REPORT AND FINANCIAL STATEMEp¥rs FOR THE YEAR ENDED 31 DECEIABER 2025 CONTENTS page Report of the Trustees Independent Examinerfs Report ststement of Financial Activities Balance Sheet Notes to the Financial Statements 6-7
GREYFRIARS MISSIONARY TRUST CHARfTh REGISTRATION NUMBER 270369 Report of the Trustees 1. Establishment and Purpose Greyfriars Missionary Trust (kne Trusf) was eslabli%hed by a Trust Deed dated 25th September 1975. The Trust's main purpose is the advancement of religion by the prcKnotion and encouragement of Christian missionary work in the Evangelical Christian Ira(litb)n. 2. Trustees and Officers During the year. and in th8 twiod to the approval ofthis Rep. the follwrd served as Trustees.. M8rtin Haley. Chair Ajan Cross las GreyfviaTS PCC representatNel Craig Hampton Sven Lewis {rrUrerI Timothy Seals (Resigned 11 May 2025) Revd Rachel Bedford, Var of Greyfriars Church Reading lfrom 21 July 20251 The rumber of Trustees may not be fewer than four or more than six. Two tru51ees serve ex officio, ono as the Vlcar of Greyfriars Church Reading and the other as Greyfriars PCC representative. The appointment and removal of Trustees who are not TnBtees &x officio vests in the existing Trustees alone. The following officar assisted the Trustees.. secretary: Mmothy Gunasekar 3. Address Th6 principd address of the charity Greyfriars Missionary Trust Greyfn'ars Centre Friar Street READING RG1 1EH 4. Object and Main Activity and Plans for Future Perlods Under its governing dc¢JJment. the objective of the Trust is to benefit Christian Missoonary work. To achieve this objective, the main adiwty is lo act as a chann81 for giving by members of Greyfriars Church. Reading and New Hope Church, Reading towarts the Sponsorship of Greyfrr5, Mission Partners and the support of Mission SLYAeties in whth the churches have an interest. The Trust kntfils its objectNe princspally by making grants to other charTtable bodies which send out missionary work. In future periods. the Trust plans to continue sponsoring Greylriars. Mission Partners and Mission Societies and doing so in ways that rellect interests of the members of Greyfri8rs Church and New Hope Church. 5. Finances No part of general giving made to Greyfn'ars Church or New Hope ChLtrch goes to support its Mission Partners. Those indivKluals who wish Io participate in the financrdl suppcwl of the Mission Partners and the Mission SOeties supported by the Trust give dir8clJy to GreyfriaTS Missionary Trust. Trust int¥)me for 2025 wag £75.083, down 41.8% income in 2024 of £128.977. principalty due to a large on&off grft being recwved In the prior year. Page 1
GREYFRIARS MISSIONARY TRUST CHARtrY REGISTRATION NUMBER 270369 There were revaluation k)sses of £3.325 on loteM1 flnancial investrnents12024.' £1,989 revaluation gain) (Note 7 of tha Financial Statements). which wore broadly consist¢nt wlth the porformance ofwider investment markets in 2025. The Trust's propety at 14 Sackville Street continued to be rented out during 2025, albeit with a brigf hiatus befv4een tenants, generating ntaI in)me of £14,085 (2024: £14.550}. Management fees. maintenance and other experjdilure amounted to £6,192 for 202512024= £3,271). 6. Mission Partners The Trust supported 14 Mission Partners around the worfd in 202512024.. 141. Total grants payable to Mission Partners in 2025 increaseil by £2.505 to £103.263, reflecting a 2.5% increase in funding levels to Mission Partners in the year. £109.423 was paid to Mission Partners in the year, including £6,160 of grants which had been accrued at 31 December 2024 but wer8 paid in January 2025 (Note 4 of tha Financial Slatomentsl. Th8 calling of each of the Mission Partners is lested by a panel of members of the Greyftiars Misslonary Twst Trustees and a PCC representative before being acceptthd for support by the Trust. 7. Other Grants Grants of £nil were made to Mission Societies in 2025 12024: £3,000). Short-tem rni5sion grants lotalling £3,000 were male in the year12024: £1.(K)O) (Note 4 of the Finawal St8tements). 8. Reserves The Trustoes assess the adequacy of the TnJst's reserves at each mting dn9 the year lat 8st three meetings a year are held). In assessing the reserves. adUacY the Trustees take account ot. Expected levels of income and budgeted levels of exwKliture, indudiThJ commitments to Mission Partners, over the short and longer temi,. Whelher there are deficrb that n88d to be funded of cash TrYeS over the mediurn tami. and The need to hold funds to rne8t unft)reseen Operation costs. To the extent the Twstees assess s*JnrfKant accumulatK)ns of funds hal c¢uJrred. gmng lo missions would be increased accordingly. The Tnjstees regard the Legacy Fund ot £184.652 (2024.. £187.97n as Iwtem reserves. to be rètained to providè an income until such tim8 as it is required either to me¢t a $horffall in gènèral donations receNed or to provide funds for broadenirwJ the scope of the Trust's giving to missK)ns. 9. Public Benefit The TTusl8os have Compl the duty {set out in Section 4 of Ihe Charibes Act 2011) to have due regard to public benefrt guidance published by th8 Charity Commission. The Truslees consider that public benefft is provided by the foojs of the grants on efjucation and training, relief of poverty. sports and recreation. conseN8tion and communty developmen( toggther wtth religK)us activthgs. 10. Risk Assessment The Trust exists to make grants to mi0n0r1es an¢J mi85K)n 18&$ which Greyfriars Church and New Hope Church wish to support ffnancially. The major Source of Inrne to the Trust is gifts, chiefy from members of Greyfriars Church and New Hope Church. past and present. The Trust cLJnsider thai the greatest risk to the Trust's abilty lo continue its a¢tivtties i8 that gNing to the Ttust could Page 2
GREYFRIARS MISSIONARY TRUST CHARrrY REGISTRATION NUMBER 270369 diminish. Were income to decrease substsntialty. the Trustwould have tr) roduce the level andlor scop8 of grants. H¢)wever. this risk is mthgated at the present time by the availabilty of reserves. Regarding the risk of losses arlslng from dishonest aCtive$ ¢y negligence on the part of officers or Trustees, the Trustees conshler that inlemal check prwlures already in provide reasonable assurance. 11. Preparation of Accounts The acc(yJnls {financial stsletrents} have been prepared in accordance wth the Financial Reporting Stsndard applicable in the Unit Kingdom and Republic of Iland {FRS 1021. the Statement of Recommendad Pr8¢tic8: Accounting and Rewrting by Chaiitles preparing their accounts in acLordan wilh the Financial Reportiro Stsndard applicable in the UK and Republic of Ireland IFRS 102). and the Charities Act 2011. This Report has been approved by the Trustees. Sign .. Date.11.:.¥.,.U........................2026 Martin Haley Chair of the Trustees Page 3
GREYFRIARS MISSIONARY TRUST CHARITY REGISTRATION NUMBER 270369 Independent Examinevs Report to the Trustees of Greyfrlars Mlsslonary Tntst I report to the Trustees on my examination of the accayjnts of the atmm charityllhe Trusfi for tha year ended 31 December 2025 whth are set out on pages 5 to 7. Rèsponsibilities and basis of report As the tharity's Trustees, you are responsible for the preparat)n of the accounts in acLxdan¢g wf(h the requirements of the Charitses Act 2011 {Ihe Acr). I report in respect of my examination of the Trust's accounts carried out under section 145 of the 2011 Act and in Carrying oui my examination I have folk)wed all the applicable Dlrecuons given by the Chaiity CommlssK)n under sectK)n 14515Xbl of the Act. Independent examinerfs statement I have completed my examination. I c4)nfirm that M material matters have come lo my attention in connectiori with the examination which gw&s me cause to consider that in any Matla1 respoct.. the accounting rerdS were not kept in accordance with section 130 of the Charities Act., or the a¢Gounts did not accord with the accounting records" or the aonts did not comply wth Ihe applicable requirements concemlng the fom and content of a¢¢ourts sel out in the CharitS {A(tounts and Reportsl Regulatlons 2008. other than any requirement that the accounts gNe a Irue and fairf ew. whkh fis not a matter onsidered as part of an indendent examinatw)n. I have no concerns and have come acxoss no other matters in connection with the examination to ich attenti) should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Rachel Belshaw Hill Top Accounting Ltd Hill Cottage. Church Lane. Ufton New Re&Jing. RG7 4HQ Date...i.I ..2026 Page 4
GREyFRR$ MISSIONARY TRUST STATEMENT OF FINANCLALACTIVITES farth•>wr•thdl 31 OK•mW2025 CHARifY REfySTKATION NUMBER 2ro369 2025 2024 INCOMING RESOURCES Vc4unlary in(t¢nè GhlAd th)n8lk)ns NoGiftAId Don81YJns lThrough CAF & (therTri IncJme Tax Rthat cies S,649 S.649 18B8 9h81 47 56.097 4901 14,085 74083 .557 5.314 19,623 •.481 47 56.057 1W.220 5,207 14.550 128,977 Nèt Inve$knent Orne Income from rental 14.OB5 75.083 AESOURCES ÉXPÉNDED Charitable adwthes Grants antt donBlnns Rental ryop8ty cost5 Othu costs of¢haritstr adNths 11K2631 (fj1921 478 11119321 1106,2631 10.192) 47 1112.9321 1104,1571 (32711 P,1741 1110,2W21 Govem&nc• co8ts Totsiexpendlture 1113,1821 1110,4521 N•t Id&ficltysuWys beloyo hot rthrns on Inv••tywnts 1a0) P8.1001 18.525 Net movem•nt on investment valuations N•t detlcit ur US from o oin adivrfl•s 3,32 41,424 1.989 2014 .11)0 RECONCILIATION OF FUNDS Total funds brou hlfotward YO tunds ¢arrf811 lorward 281,023 239.S9 280.509 281,023 4OS3 184.652", BILMCE SIEÉT 8$ at 31 De¢•mber202S X25 2024 NON4URAENT ASSETS Tangible assets Invasimtnts T•tal liAed assets 100.DOQ 84,652 184.052 87.977 187,977 CURRENT ASSETS Invfystments Oebtor5 C8sh ai bgrtg and in harKI T¢)tal ¢urr•nt •Bz•ts 45.181 4.151 56,1n 7.081 36.197 99,456 UABILJTIES.. AnOLmts tsulry due wlthln one)wr 15131 16.4toi TOTAL NET ASSETS 239,597 281.023 FUNDS OFTHE CHARrrY unre81Cted Gen FuNJ& Unrestri£ Leg¥y Fund Dw9naw Funds 140541 IM652 59mO 34.046 187.977 59,LKSO TOTAL FUNDS 239m7 2$1,25 Marbn Haky CharofTrnst. lknlriar5 Ism8ryTpJ81 Dats..
GREYFRIRS PIISSIONARYTRUST CHARrrY REGISTRATION NUMBER 270369 Pago 6 NOTES TOTHE ACCOUNTS STATEMENT OFACCOUNTWG POUCES finartk?I statements ars PTep8tÈ(l in accUdatith SL4ndfAd¥ the Charibes SORP IFRS 1021. The charhy has a rea%nabk weckthjn that ue 10aMtin kn QF¥bnal èxtsitsnr8 brthe frjtu. It hÈ5 theroforo conbnLd kn adopt tho gtyn9 concem bas45 In W¢Pafi its stateTrwi& Inrjjme from grfis and thnations 18 (rnJit6d to i th8 Ft rerAva Inl& from mAjor legauas is Wl Intotr¢ L84w Fund withn the arts thB )eartt beC•2M rec4Yabl&. Thi8 Fre5 any interest wrd on a th&admirM5tration rrfthe 8Stst•8xecutor. Underihe Gffl provish)ns. as a regi&terBd dkqntyts Trst ts enti to r¥ irw tsx c91n donakns. Irume tsx redaims are Greditsd to revMuè in tt sarne F¢ntyJ 8s the urm$2rj donakns r•)YW. & Interest and (s¢0 income on In¥estmts aco7ued k¥the c FuThJ. Invasknents ar• th%Yn In th& bakrKe 51wt 31 L¢•, asadvoed iwotsbner and fund manage. Tangit4e fixed $swts rete to a freew prtwty. 14 Sa&vAknSlfoei R8athvJ.' hdd os fixéd as&9t. iiwas purchased on 31 D8c8mber 199B £67.5)0 Nl¥iasvaW vl 2tyXI £1CQ.C¥)O. Th• Tnt do8$ not have a revaluation. The wop>tyrd thorBfLYe hokl at thi$ hWi(VaalK)n the acwjnts. Th¥ T8$ the proptytr#iditaimofwnpAiTh£nl Jw. tho werrtAn impwmlI is Iho TYusV$ PY k% to write the88set ro its net r881848 ¥8kn. LEGACY FUND The Lsgacy Fund rnpr8Eents th• ba frThn ID3Ruo8 fmm the D Dam 8Tra E J Lauren. In 1985 and 1996 resF¢tNdy. In 1998. the Trust Uged the Legacy Fund l) purthase the'mwonary hw80'114 Sackwlle Street) frcffl Greyfri8rs Church, to fvrther the work of Ihe Twst in SuFfKAtY mi$9MaS on fur. the not by Mi¥swJn Pather5, 11 is Kg1 tot)8nis wi ¢yderto gew¥t8 iTh))m&to Jwx)rtts TnL8fsywvJ #Mbe5. TheTrusteeshave apporled tio¢tsan Trustee IOxfcdl Ltd 85 DJSt(xlian trustse. The Legacy FurLd IK4d a t)alanc6 £184.652 at 31 DecwnW2024 (2024.. E187.9771. Th8 c(thm5£1J.cPjO th¢h 18 th&tarwng v•1 of 14 Sa¢k¥l Street a1 £84.652 ofLtsw.Tenn Investmwts (described Ml Note ry DESIGMATED FUNDS Tha Trust has no endcA¥ment fu The Truslees maydeswJnate (¥tolnfits knr¥euffrtwtte& In the Trust 8 gNt of£1CQ.C¢JO frDm Emman Houw A&soL¥ation lo ietumw from the Sekj 8j ffir9 thgmsd¥es fin8n¢4al drffDJttios. Tho gfftwas to make ¢erenCe to Ih&ir IMn9 cLdan5'. Tnth8s havothorBfe dwnaknj tris gnl as alund forretriw M8 Ptr]er&. This 1$ rep D8&KJna Furkts in these8LwJrbts. h8¥8 b88n m•J• tArt olthe Fld >s. no granls wor8 mJo 1> 202512e24.. tnl CHARrrABLE ACTNMES. GRANTS AND DONATIONS The makn purpotse ofthe Trustts to 8nd dksburJe the Grar$ Cfvrch. Reaoing. Th& Tru¥hes usualty supwrt misgon do so for peTh)ts ofttiree >YaTS. whKh can be othnded. This SUPPOrt tk)es nei generate a fir131 runmitmoni forthA TnEt tho wwportgiwn tr> Partner5 rnay b& ¢eased atthe r4Jle dkuedcfi oftr TfUStee6 WtheTW IL•Sged h&ve tt toa)ntinue making ndIng grants. 2025 2024 The Amounts 8pwo¥ed arKI pad in the 58rw88sfL•rys'. MiMk•n Partrnts- ReceIn9 mlsslon 09• Pioneers lincluding Action Pathersl Chri&lK4n A%9¢¢t&S InternatKxMI ICrnmthkn Irrnab Ovwso8¥ Mi¥svJnary Wycliffe BibleTrdft8k CMRIHortron Youth Wh A lJi55ion 34,676 33.830 8.45T 16.915 16,915 9,240 9.240 94.597 11.338 17A38 1S7•1 14701 109A23 Mistiion Socktl•s Ontroff gffts for Short.T•mi mWon id in year 3,MO 111423 98,597 Funding of glfts Gen8ral Fund GifG ReStrted Fund Grft Total ifts id in 111423 96.597 112A23 98.597 Included in the aEnwnts pa 10 and Youth lfft a 2025 £3.080 pw par1rrknd to grar)ts whKh re acryd 8131 tceMber2024 pahl u*ry2O2S.
GIIEYFRIARS kllSSIONARY TRUST CHARrrY REGISTRATION NUMBER 270369 Paoe 7 NOTES TO THE ACCOUNTS & GOVEIINANCE COSTS A fee of£25012024.. £2lts Indndent Exam1rrore reporf and acixiuryts. Th8 charity has no The charity sdgty bytr Tru¥tses. Seuewand TtP8¥urwin a vcmw¢8p8uty and none ofthe vdwt&rs are r4)yJnerat. There w8ro N) TAte0 ewAes w)dJew(2024.' FIXED ASSETS The Orn tanW8 f$ assrt15 a IreetK4d 14 Strt ReadMVJ.' * ishebj 8$ fixJ as86t.11 valued al £100.LI(M) bya gu&d surve¥ in 2W. Th8Tnstoes' pc4wt8 to rthn it atlhat V8kJatJ) and notlo revaluet prLyertyannualty. Tho TnISt revthv prtprtyf0ri%th ol iMkvamenteh sar. in the eventBn irnp8imnt' kl8nbfied the Tr$ polK¥to 118 th•AawI ntrt raJts Y8kn. INVESTMENTS Inv•¥tmMts at Xark•tV8h 2025 2024 T•tal EQU$ and managed Thd8 UK fixed interest saAS UK Short-Tem) deposits ioss 81.597 3.OSS 81,597 45.181 45.1B1 45.181 56.177 144.154 84.652 Marketvalue at beginnyw of y Transfèrs 10 (urent actnI nve5tmentlnctsno Net Jsses &ir On moyememts in Ma81 Market V1 atend of 8777 56.177 116,OQOI 144,154 11QOOOI 146.847 110.0001 5.318 1.989 144.154 3.325 129A33 4S111 The Trusfs fuThJ manager 15.. C¢LA InVestrn1 45.781 129,833 144.154 DEBTORS 2025 2024 MRC. Gffthid Rabl8 Acuued income 2,13S 016 151 2.085 4.996 7.OBI 9 CREDITOR¥ 25 224 513 513 6,410 6,410 £3.080 payab to CMRIHtiroLY) and £3,CW tyablB to YoLth Wth a wasa at 31 Detnber2024 aTrJ in Janw9ry 2025. 19 RELATED PARTYTRANSACTIONS Four ofthtr Ttustee5wère memb5 ofthe Pwfthal Churth Counr4 IPCCI ofl>Byfvw5 CINJrth, dLrriry 2tr2513124.. lourl. The TwsteeG tsider Greyfriw5 Churth. a rEktsd party. Donalw)n$ lofv ¢h8rftyfrcth Tn&8os £4MS 20ZS (20X. £43,340). kn JiltsM.th? 51x)rM•rn msiM gAnt In 2024 was made to a r1Ve of8 Trustee- theyrustee in questA ¢Yedj 8 ofknte¥es18ThJ t¢k rK) Pgrt in tho det4on- making rdaled to the grnnl. w88 apk¥oved by tho rAherTrt0o 11 CommMENTs The rh9rityW no materia mnIS tsaCrts. Sven Lvi Trea>Jror Gr8yflrs MLssithry T 11 fwLtr