REC4STERED CHARITY NUMBEIL. 328157 REPORT OF THE TRUSTEES AND UNAUDrfED FINANCIAL STATEMEKrs FOR THE YEAR eNDEO 31 AUGUST 2025 FOR PRECIOUS SEED Chartered Acmjntsnts 81 Burion Ro•Y Derby5hre DE1 1TJ
PRECIOUS SEED CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR EMDED 31 AUGUST 2025 R•pryk orth• Twust••s 1 to 2 kndependl Examln•f$ R•ptyi Stalernent of Flnan¢lal A¢dvltles Sh••t N*>t•s t() th¢ Flnancl81 St4tsm•nts 6 10 10 Detsllgd Ststsffl•nt of Fin•n¢i•l Actlvltl•8 11
PRECIOUS SEED REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2025 The Inle¢S wfrsenl Iher report wth the financial ststernerts oflhè for the year ended 31 AwJust 2025. The Iwstees have adopt¢d th8 pro$15 01 Arcounting and by Charbtios.. Slem of Recommended Practice applicalA8 10 thar4bes prepanng their accounts In aCcan Ihe Fmanraal Rer•xknJ StaTrJard apkrfK in the UK arMI Republic of Ireland IFRS 1021 leffe¢tNè 1 January 20191. OBJECTIVES AND ACTIVITIES Obl•¢tl¥K and ahns Under it$ Trust Deed. the tWOSe5 of p(1(1$ Seed are ih? fiJlh•ran¢• ol Chrtsiianty by lh& pubkaiion of literature. books ar¥J eledrormc medw of al kinijs Th9h the s(wl il recelves. PreS Seed seèks lo futher th8 Christkin ffati by ¢he publi¢ation of hbrabJr8, books 818ctr r0 d v)us kinds. A¢HIEVEMENTS AND PERFORW414CE Charftablè actlvltles Th• lull cokjur magazina cnUeS to be pUtd •MI is di%irt)uted free tgh0 th8 workl wilh spar8 cowe5 beirwJ sent to 2"8. kn additK)n. proots ¥e enatAe Ihe pubhshwwJ of the magazine in India and dislribuled in India and Sri Lanka dg¥otional and d¢JctTrnal b¢yJ( tilks to be PLth"sh8d akng wlh th• tsthr digital resources, #Kluding the devehwwl ol a SwM5h sectKJn the thite Addlhywl bkS have been, and continu¢ to bè. SUpd 10 the English prisons System l(¥ Iheir &taries w)d chaplawy ryk. The trustees are aware of Ihe 9OrKe ofthe Charty ¢isS)n on Ben1 aThl have acled Klra. We have support•d r8¢wosts fr>r Ihe tranSlatn aTrJ fixlher ol(MJf matetsL8 and V¢nezu8ia. PublicalyS have been prtsved free of charye to support Chrislw W(thrs in Bolswana, hlia and Ug. Extra magaines a. as always, donat to Christws in AfrirA. We have e$tabli$hed an ou81 lor tyjr btrf)ks Maw trj en8ble dislrtkn to subseribets in the lar east. Books 8re pnnted In SirrfJ•pore but there e plans to mo¥e thal to Malayso. Th financHI al the end ol last year saw allu$lments made lo the desw of magazine and other avern185 are ling wwsued with a to reduong costs whi making as litt mpacl won the magazin8 as po$sQJle We a %4ThkirKJ with partr5 to try and reduce our dlslrknution costs which are sgniftant. The mony expressions of applba ate evthnl qln8SS to th• bemfits, Spiriwal and olhems?, of Iho wvrk aNJ swrtof Precious Seed. Inv•sImt p¢rfomi•Thc• The ChgThtys only investrnents are lo ofcash hebj at b8nk have •wned rate of int¢resl. FINANCIAL REVIEW R999$ polipi The trustees have loUlated a rÈserve$ Oi¢y lthThJ into accctht the to cov•r flu¢lualll in th)wmg, current liablie$ t4xS unplanrd e4)enditure. The minNm Feserves folow ts w1e Jopt8d by the foundiig truswes. whh wa$ to develop Ihe objectives ofthe trust rat ihan seek finaThial Sety. Idealy Ihe tN51ees woukl like the reser¥85 ihe balw¥x sheet. as represented by Tret currenl assets. to co¥er apKOMatY 18-24 rnthS runnw costs a$ tr trustees beheve tIMs iyel ne¢es$ary then planning lor fulure publi¢atiMs. At the 2025 ar-enj the tru51ees Th)vA ihat Ihe re8eThas in the baknce thet re below this al larg8118¥el. The tN$tees a rA¢asod 4ain b) tde on recoftl the oflhe Lord al funds re¢eNed. Wl 11m¢ was from the Lorrf$ peorAe. Chrisban InBts and Chwtse5. FUTURE PLANS The ongoing Irk ol publithng the mawne and nv•J iK#)k Liikn akng de¥¢bpmanl of tha Website. afvy other digital resources Yll ¢onlinue n so faras alow. As Ih8se COUnt$ slKw. ihfr Irustee$ a awa Ihal lh8 w)rk may Th)1 be sustaiTBbl8 in its present fo nd 2026. rh5GUSslty are underway in reli)Th to Ihe futu of *rrk. in(ahknJ ¢en9 op8walions 7ffithSn Ihe finantiol ar.
PRECIOUS SEED REPORT OF THE TRUSTEES FQR THE YEAR ENDED 31 AUGUST 2025 STRUCTURÉ. GOVERNAACE AND 141ANAGEM3IT GovornSng document Pr8C4OU5 Seed was established by Tn¢t Deed in 1945 •wislereil by a i¥Jdy intslee$ those n8me8 are Sgt out be. The trustees rneet qvarterly io C(M)Sbder how Ihe chty caTr rts WWF4Jse. At otherimw the truses affj in regthi Co¥Tnt)n with eath other rowd9 n8ed5. d•vdotywts e Reerultfflont4nd appolnlmont of n•w trus The Iruslee5 are aware of the need for new tlustees anarw l¢y olhers them as and then necessary. Al naw trustees are fulty Inlormed regardry Ihe puwe ol Ihe cknty. its ffireS and iJporalv)n5 al actively contribul& lo lh• Jrk ol the thanty. Or¥anlsitlonal $tru¢turn All lh¢ Iwslegs are v0teerS èrJ there * ros assvwed raTh¥J from 8Fwr res¥1185 parts ol th• magazin0 or publica"0Th$ to th8'8x8cubb cornfflitt88' of chain S•rx•tsry Treasw¢r 7kn¢ ta a 11 in th8 day to day ruming of the cly. REFERENCE AND ADMINISTRATIVE OETAILS Reglst•r•d Ch•ilty nurnb•r 326157 Prfndp•l dy*S• PO 8ox 8829 DERBY D£1 OSY Trusts•s J Bennett (Chairman) S M ITaSurer) M &Jckeridge {Treaswer- resyw Aum 20251 A Skvenson {Secrei) A Outton S Jack T Memman F Proudock J Scarsbrwk G kndrews lappoinled January 20251 R Da¥i•$ lapy)w)ied January 2025} Indepondonl Examlner Johnson Tid51 Lwnrted Chartor8d Accountsnts 81 Burton Road DWby8re DE1 1TJ 7Jsl£G Approved by orderof the bwd olllustees on .. ................ ......................... sign&a ils bewby: J Bennett. Trustee
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF PRECIOUS SEED IndepBnd•nt &A•min•¢s report to trust•e8 ol Pr•clO S••d I retKXt to Ihe charity truslees my exaMTh1 ol the ctyJnts ol Pre$ Seed Try1) for the year endad 31 August 2025. R•8pon$SbllitlM and 1 of rnport As Ihe dwrity tw$to0s of the Trust you awe for tho wwation of thtr a¢¢ounts acCoanCe wilh Iha r6quTrenwnls of I Charilw Aa 2011 {Ihe Acv). I raport respect of my exarninatKJn of the TNsfs accourts c¥Td syJl Lnder sect 145 of th• Act and In cwrylng ¢xJi my einatIrffi I have folkM¥ed al applcable Cv•¢lw by Il Qwrity CnMlan under 145(5Mbl olthe Acl. Ind•pgnd•nt examlnerfs ststsment I have compleled my einatM. I confvm that rKJ materol mallers ha¥0 to my altsntion in conn8Ctb)n wilh the exarninthn 9i¥lng m¢ ¢?us¢ to that in hY rnaierial resk. 8ccountin9 rvccKds not kept in teyd of the Tfttst as re(pwed by sect 130 of lh8 Acr. or the accourbls do n¢A aGrord Y4th those records," or the acccunls th) not c(wnpty YAlh ts appli¢8trAe rwwwgments coreM1r¥j th8 form content of accwnts sel oul In Ih@ Charities IAcctyJnts Report51 ReatiOnS 21JJ8 Ollw Ihan requiremeni that xcounts give a true and fr is not a matter coD5wJered a5 PWt ofan ¥epe exwrmnaiw. I have no ¢onc8rns ha¥e come no mattws in ¢omth ilh the ex4nMnalton to thieh allenlion shtsuld bè érawn in in order trj able a prop8r uThJer51anthg oflhe ac¢thllS 10 be te•ed. Oamd FCA Johnson TJ$all Lmitsd Charterod Aceountants 81 Bwton Road Derby Derbyshire DE1 1TJ
PRECIOUS SEED STATEMENT OF FINANCIAL ACTNMES FOR THE YEAR ENDED 31 AUGUST 2025 2025 Unr•strlci•d fvnd 2024 Total funds INCOME AND El)0WENTs FROM Don8.9nS and legaoe5 74,354 48.3S6 Charltable acUvlU•s Ggneral 9.047 6,695 Investment irKome Other In¢ome 176 1.678 33 Total 63.577 56.762 EXNDITuftE ON Chaiitable actlvlti•S General Acti¥Atses 80.417 80.916 2.474 80.417 83.3S NET INcoMwiexpeNDITUR 4160 I,826) RECONCILWTION OF FUPXJS Totsl fund5 ts91 forwafd 70,1105 96,633 TOTAL FUNDS CARRIED FORWARD 73.165 70.CM)S The notes fc¥m ofth85e finan¢ial slatemenls
PRECIOUS SEED BALANCE SHEET 31 AUGUST 2025 X12S Unrn$tri¢t•d lund 2024 lund$ CURRENT ASSETS Stocks Debtors Cash at bank and In hand 16.001 5.728 55.359 10.576 2.316 62.399 77,088 75.291 CREDtroRS Amojnis falliryJ thje wthin one y¢ (3.923} 15.286 NET CURRENT ASSETS n.165 70.DDS TOTAL ASSETS LESS CURRElff LIABILMES 73.165 70.005 NET ASSETS 73,165 70.fA)S FUNDS Utwe51ricted lunds 73,16S 70,th)S TOTAL FUNDS 73.165 70.1)05 The finan¢L41 $Wtsments *ere apwoved by th8 Board ol Ttuslees aThJ for rsgJ8 on ....... and were Signed on its b&W by. ..?J.&.l¥.ts............... J Berfftit- TFu5te8 S M SheNin- TSlee
PRECIOUS SEED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENOED 31 AUGUST 2025 ACCOUNTING POLICIES Ba515 of pathy4 th• flnanclal 8tst•m•nt¥ The financ1 stalements ol th8 eharity. a puPAi¢ benefit entty under FRS 102. have been epared In accoriJ8nc• Ihe S(p IFRS 102) RpOn9 by Chariiias.. Statement of Rectwnmjed Practice aFOllble to ¢harils [ryn9 account5 in aceordan¢• wlh Ihe Finanrial Reporfing siandard ap1¢able in the iJK aid Rewblic ol trar IFRS 1021 leffeclqve 1 jary 20191,, Financial Reporting Slandard 102 The Finan¢iJ ResKM1iThJ Standard apr4Kablè in the UK and Reput1¢ ol Irel. and Ihe Chties Aci 2011. The finala1 si818mts hawj en wepwed Ihe hIrICal cost COnventn. Incom• l income is recc4wised In th• stsiemert ol Ihe chanty ha5 enti¥Emenl to Ihe fvn(ts, 11 is wobable thal the nrne wll b8 leced wrwnl can b8 m88swad r8hly. Oonèlv$ in kind èincknJed based Tr)w ol dcfiated lo thy. Exp•nditw• Llatslknes are recoJni58d a5 experyJthJE as 5(fft as Ihere & a I or cortstwcliNp obligation thnm1ttlr the charity to that exp¢rwJikn8. il is thai a of •c¥)notw benefits required in selY8Thnt and the wnounl of Ihe obliJabon can h measuwl r¢liy Exp8nibJe is accounted on an accmals basis and has bean Classif under heading5 Ihai aggre9ate al u)st rdated lo Ihe calegcrfy Wlwe costs cannot be directty altn"buled to parti¢ular headk)9S they have been aN(abY io acm5 on a basts oymtent th Ih¢ use of resource5. Tanglble fix•d ass•ts D•pr•uaiion 1$ kyo¥ld al the fohjw rnal rates in(dtrto Mite off exh as ovgr its gstimaW us•ful Compuler equipment at rnt•s ¢osi StoGks Stocks are valued at Ihe ol rA)St •Yl rlablg téa. after makThJ due alowarKe lat obsolelÈ 8nd slow movirg rtems. Taxalio The d)arity k8 ¢xWfrrKn tax 115 charil¥J acts Fund A¢¢ountlng unres1cted fvnd8 can be ed w accwlm Ihe tsilatlÈ O148cb" at the di5cretson Oft ITu$l•es. R8slricted can orty bè used lor partKJJar restncled puws w¢U¥n the (1)ie$ of ts chity. RestDct)n5 3ri5e speufied ty Ihe donor or th fvnds we r•sed tr parwar restricted wrp05es FUrtr eWan8tion ofthe rlUr* and I1 is indLK18d in th8 to fv finanoal slat•m•nts. INVE5TIIENT INCOIAE 2025 2024 I)epO a¢wml inleresi 176 1,678
PRECIOUS SEED NOTES TO THE FINANCIAL STATEMENTS - contlnued FOR THE YEAR ENDED 31 AUGUST 2025 TRUSTEES, REMLINERATION AND BENEF5 There no InJst¢es' rwTwnerolion u other benefits fry )EW er 31 AW 2025 for the year ended 31 Auwst 2024. Trusl••s' •xpeTrwx Thè follwn9 exwses reirnburned lo InJstees:_ £1,619 kn total was reimbur58d lor dyedty 10 9 trustees (2024£1.560 to 10 trusleesl. COklPAIIATIVES FOR THE STATEMENT OF FINANCIALACTIWTES lknstrh*d INCOME AND ENOObYMENTS FROII Don2"0$ and leges 48,358 Charitabl• •¢¢fvlll¢s General 6.695 Investmenl income Other incom8 1.678 33 Total 56.762 EXPENDITURE ON Charltablv aetmtss Gerteral 80,916 2.474 Totsl 83.390 NET INCOklEIIEXPENDITURQ 12fj,S281 RECONCILIATION OF FUK)S Tolal funds brou foTh¥ard ,633 TOTAL FUNDS CARRIED FORWARD 70.005
PRECIOUS SEED NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2025 TANGI8LE FIXED ASSETS Comput equipmenl COST At 1 Septembèr 2024 and 31 JUSt 2025 1,792 DEPRECIATrON At 1 Sepiember 2024 aTrJ 31 A51?)25 1.792 NET BOOK VALUE At 31 August 2025 At 31 Ajus1 2024 STOClfS 2025 2024 Slocks 16001 10.S76 DEBTORS.. AMOUNTS FALUNG OUE vimiim OIIE YEAR 2025 2024 28$ 298 1.733 Other debiors PrepayTnénts and a(%rt*d inojr 247 1,914 5.728 2,316 CREDITORS: AMOUNTS FALLING YEAR 2025 2024 Trade creditW5 (Xher ¢rethtors 1,523 2AIIO 3.044 2.242 MOVEMENT IN FUNDS N•t Al 3118125 Al 119r24 In fur¥Js unrestr1¢t fthds General lund 70,005 3.160 n,165 TOTAL FUNDS 70.005 3,160 73.165 Pa)8 8
PRECIOUS SEED NOTES TO THE FINANCIAL STATEMENTS - contlnued FOR THE YEAR ENDED 31 AUGUST 2025 PIOVEMENT IN FUNDS-¢ontlrM•Dd Net rnvem¢nt in I5. inthded the aixb¥E as fo Rèsourcès h)vement in funds Unrostrfcted fthds rneral ld 110.41n 3,180 TOTAL FUNDS 83.5n 180.41n 3,160 Cgmporativel for mo¥•ment In lund& Net movement in luThI5 At 3118124 At 119r23 untlted funds 126.6281 70.005 TOTAL FUNPS 126.C281 70.005 R•source$ expeThJed Movemenl lunds sou Unrèstticted lund• Ger furhj 56,762 183,3901 125.6281 TOTALFUNDS 56.762 183.3901 {26,6281 A cwr•nt y•w 12 monlhs wior yaar 12 monlts comtsn&1 is asfrkn". Net Al 119123 in fuThJs 3118125 Vnr•$trl¢t•d Ggnerai fund 96.633 123,4681 73.165 TOTAL FUNDS ,633 123.4681 73,165
PRECIOUS SEED NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2025 MOVEMENT IN FUNDS. contlnu•d A currenl year 12 monlhs and pyior year 12 nèt fiKKts. induded in th8 ab)ve ar8 as foll¢)ws: Inc Resources reswrces expended Mo¥ement in fund5 Unr•stsl¢t¢d fund• Gengral fw 140.339 1163.8071 123.4681 TOTAL FUNDS 140.339 1163.8071 P3.4681 10. RELATED PARTY DISCLOSURES Ther8 re no r8Lqt8d patytransa(4wm$ lor the yew 31 Awst 2025. Page 10
PRECIOUS SEED DETAILED STATEMENT OF FINANCIAL ACTivmES FOR THE YEAR ENDED 31 AUGUST 2025 2024 INCOME AND ENDOWMENTS Donatlon8 and 1og4ci•s Donats"on$ 74.354 48.356 In¥ostm•nt Incom• Deposit account interest 176 1.678 Charitable actIvIo* PubltslK)ns Put4icai¥)ns. Decapc4Ls Press 4.474 4.573 2.738 3.9S7 9.047 6.695 other In¢om• 33 Total I1n9 r•souius 56.762 EXPENDITURE Charitablè a¢tlvftl Sundrie5 Magazine 8xp8nditure PutAicatk)ns eXp8ndUre Publicalion5 expenditute- Decapolis Press Donalions 172 61.893 8.529 6,787 3,500 61.S60 7,751 77.820 80,881 Support ¢oits Gov•man¢• Costs Aceountancy Bank charges Legal and profess81 fees 1316 243 2.238 236 35 2,S97 2.$09 Tota5 rgsourees eJpeThJed 80.417 83,390 N•t In¢•m•ll•xp•ndllur•l 3.180 126.6281 T$ pa Ikws frym part oflhg Stalutory financial SleMlS PwJ811