Charity Registration No, 296261 THE WAKEMAN TRUST FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025 Contents.. Page I Trustees, Report Page 2 Independent Examiner'5 Report Page 3 Statement of Financlal Actlvitles Page 4 Balance Sheet Page 5-6 Notes to the Accounts iii THE WAKEMAN TRUST Report of the Trustees for the Year Ended 30 September 2025 The Trustees have pleasure In submitting their report and the financial statements of the Trust for the year ended 30 September 2025. Reference and Administrative Detai15 The Wakeman Trust 15 a registered charity, no. 296261. Its address is.. 38 Walcot Square, London, SEII 4TZ. The Trustees during the year were as follows.. Mr A Polling {Chairmanl Mr C Cooper Dr P Masters Mrs H Compston Mrs H Wyncoll Mrs J Pearce Stru¢ture, Governance & Management The charity is a Trust, governed by its Trust Deed. New Trustees are appointed from time to time as required, by the vote of the existing trustees. Objectives and Actlvlties The Charity's aims are to serve the public and to furthef the circulation of Christian literature by publishing books and other item5 for sale to churches, Chrlstian bookshops and individual5. Achievements & Performance During the year under review, the Trust continued to distribute a range of good Christian literature to organ15ations and individuals, both in the UK and over5ea5. Some titles were also printed and published in other languages. Public Beneflt In carrying out its activities in the year under review, the trustees have had regard to the public benef it guidance issued by the Charity Commission, and are satisfied that the activities mentioned above have all been for the public benefit. Financial Review As shown in the Statement of Financial Activities on page 3, the Trust achleved a surplus for the year. The trustees consider the state of affairs of the Trust to be satisfactory. The Trustees regularly review the reserves of the charity to ensure that sufficient liquid funds are available for the Trust to meet its ongoing obligations. The policy is to hold sufficient reserves to enable the charity to meet its ongolng commitments and obligations, and to enable It to be In a position to publish new titles as opportltrnities arise. ON BEHAL E TRUSTEES Trustee Date: (LL Iopb (2) ## **INDEPENDENT EXAMINERS REPORT TO THE TRUSTEES OF THE WAKEMAN TRUST** ## **ON THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025** I report on the accounts of the Trust for the year ended 30 September 2025, which are set out on the pages 3 to 6. ## **Respective responsibilities of trustees and independent examiner** The charity's trustees are responsible for the preparation of the accounts. The trustees consider that an audit is not required for this year (under section 44(2) of the Charities Act 2011 (the 2011 Act)) and that an independent examination is needed. It is my responsibility to: - Examine the accounts under section 145 of the 2011 Act; - To follow the procedures laid down in the General Directions given by the Charity Commissioners - under section 145 (5) (b) of the 2011 Act; and - To state whether particular matters have come to my attention. ## **Basis of independent examiner's report** My examination was carried out in accordance with the General Directions given by the Charity Commissioners. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a 'true and fair' view and the report is limited to those matters set out in the statement below. ## **Independent examiner's statement** I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination which give me cause to believe that, in any material respect: - the accounting records were not kept in accordance with section 130 of the Charities Act; or - the accounts did not accord with the accounting records; or - the accounts did not comply with the applicable requirements concerning 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 concerns 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 accounts to be reached. David Cooke MA (Oxon) FCA FCIE David Cooke and Co., Chartered Accountants 5 Briar Close, Banbury Oxon OX16 9DS Date: 24 March 2026 THE WAKEMAN TRUST {31 Statement of Financial Activities for the Year ended 30 September 2025 Unrestricted Restricted Fund Fund Total Total 2025 2025 2025 2024 Note Incorning Resources Voluntary Income - donations Charitable Activities Investment Income 36.179 795 36,179 795 45,197 1,125 Total Incoming Resources 36,974 36,974 46,322 Resources Expended Costs of generating Funds Charitable Activities 6,853 25,442 6,853 25,442 9,505 32,394 Total Resources Expended 32,295 32,295 41,899 Net Incoming Resources for the Year 4,679 4,679 4,423 Fund Balances brought forward 212,151 2,683 214,834 210,411 Fund Balances carried forward 216,830 219,513 214,834. 141 THE WAKEMAN TRUST Balatt¢e Sheet as at 30 September 2025 Unrestricted Restricted Fund Fund Total Total 2025 2025 2025 2024 Note Current Assets Stock Debtors.. Tabernacle Bookshop Metropolitan Tabe.rnacle Gener81 Fund Other Debtors & prepayments Cash at bank & In hand 106,494 106,494 93,337 3,236 863 3.005 105,237 3,236 863 5,480 105,445 3,236 863 4,521 110,619 2,475 208 218,835 2,683 221,518 212,576 Less: Liabillties due wlthln one year Creditors & accruals 2,005 2,005 2,165 2,005 2,005 2,165 Net Assets 216,830 219,513 210,411 Financed b Fund Balances 216,830 219,513 .214,834. Signed: Trustee Date- 2026 THE WAKEMAN TRUST 151 Notes to the Accounts for the year ended 30 September 2025 l. Accounting Policles The following accounting policies have been used consistently in dealing with items which are considered material in relation to the charity's f inancial statements, Basis of accountin The financial statements have been prepared under the historical cost convention and in accordance with the Statement of Recommended Practice.. Aceounting and Reporting by Charities issued in 2015 as it applie5 from l January 2015, and applicable UK Accounting Standards and the Charities Act 2011. Goin concern At the time of approving the accounts, the Trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the Trustees continue to adopt the going concern basis of accounting in preparing the accounts. Incomi Resources All incoming resources are included in the Statement of Financial Activities when the charity is entitled to the income and the amount can be quantified with reasonable accuracy. In particular: Sales of books are recognlsed when the invoice is raised for the sale; Donations are recognised when they are received,. Investment income is included when receivable. Resources Ex ended Expenditure is recognised on an accruals basis as a liabillty Is Incurred. Expenditure excludes VAT which Is recoverable, as the charity is registered for VAT. The following speclfic pollcies are applied to particular categories of expenditure.. Costs of generating funds comprise the costs associated with attracting income; Charitable expenditure comprises those costs incurred by the charity in the production and distribution of Christian literature. It includes both costs that can be allotèted directly to such activities and those costs of an indirect nature necessary to support them, including support and governance costs. Tan ble Flxed Assets and De reciation When owned, fixed assets are stated at cost less accumulated depreciation. All fixed assets are written off on a straight line balance basis over their expected useful lives, at the following annual rates.. Office eq￿1prnent Fixtures & fittings 25% 250A THE WAKEMAN TRUST {61 Notes to the Accounts for the year ended 30 September 2025 (continued) Unrestricted Restricted Fund Fund Total Total 2. Incoming Resources- Charitable Activities 2025 2025 2025 2024 Sales of Christian books Sales of E-hooks and similar iterns Royalties waived by authors 30,233 3,746 2,200 30,233 3,746 2,200 40,235 2,239 2,723 36,179 36,179 45,197 3. Resources Expended - Charitable Aclivities Cost of sales Miscellaneous production costs Carriage costs Travelling & entertainment Royalties Bank charges Miscellaneous expenses Independent Examination fee 19,854 884 113 894 2,700 422 19,854 884 113 894 2,700 422 24.978 721 2,115 3,534 510 116 420 575 575 25,442 25,442 32,394 4. Staff Costs & Trustees, expenses There were no staff costs or trustees, expenses in the year. 5. Funds The unrestricted funds are for the general purposes of the charity. The restricted funds are as follows: B/f Income Ex endlture Clf Chinese Language Publications Fund French Language Publications Fund 2,475 208 2,475 208 2,683 2,683 6. Related party transactions DuriNg the year under review the charity sold literature to the Metropolitan Tabernacle, a church of which all the charity's trustees are members. The amounts owed by the church and its bookshop at the year-end are shown on the balance sheet.