Charity Number: SC021160 THE GOSPEL OUTREACH TRUST FINANCIAL STATEMENTS FOR THE YEAR TO 31 March 2025
THE GOSPEL OUTIIEACH TRUST REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 March 2025 CONTENTS Page Infomiation Report of the Trustces Independent Examiner's Report Receipts and Payments Account Statement of Balances Notes to the Accounts
THE GOSPEL OUTREACH TRUST REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 March 2025 INFORMATION Trustees Independent Examin¢r Bankers Bank of Scoiland 39 Albyn Place Aberdeen ABIO IYN Aims and Objectives The spreading r)f the gospel of Jesus Christ tlirough the distribiition of bibles and Christiai? lil¥rature and the support of missionarics and mission organisations in the UK and ovci"seas. Page I
THE GOSPEL OUTREACH TRUST REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 Marek 202S The Trustees present their report and accounts f(x th¢ year ended 31 March 2025. Constitution and Organisational Structure The organisation was constituted by a Deed of Trusr on 3 February 1993. Under the rulcs foi. finaiic and appointcd stration the Trustees act on behalf of theTrust in all fiduciary rnatters to act as Administrator. Objective5 and Activltles The principal objeLtives and activities of the Trust are the spreading of the gospel of Jesus Christ through the distribution of Bibles and Christian literature and the support of missionaries and mission organisations in the UK and Dverseas. The Trustees are of the view that the Trust's activities are in accordance with its objectives. Financlal Information 'I"here was a deficii for the year of £7.369 {2024.. Surpliis £5,171) and a reserve of funds of £31,891 (2024:£39.259) which the Trustees consider to be adequate for the purposes of the Trust. Details are given in the accounts and notes. Appointment & Training of Trngtees The trustees have the power to appoint other trustecs. They are matui'e business people who have the requisite skills to carry out their fiduciary dutics and they inaiiitdin a wide range of contscts and inforn)ation to enable Ihem lo assess and hclp out in situations of need. Review of risk The Trustees have reviewed the risks associared with the operation of the Trust. Since it has no employecs any risk is largely aSSULiated with fraud and error. The trustees are of the opinion that the Trust adequate systems in place io minimise any risk in these areas. Taxation Tlie TI'u5t is recognised as a ¢harAty ty the Inland Revenue. There is therefore no liability to taxation any of its income. Approved b), the Trustees and signed on their behalf.. Page 2
THEGOSPELOUTREACHTRUST REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 March 2025 Independent Examiners, Report to the Trustees on the Financial Statements I report on thc accounts of the charity for the year ended 31 March 2025 which are set out on pages 4 and 5. Respectlve responsibilities of trustees gnd examiner The charity's trustees are responsible for the preparation of the accounts in accordance with the terms of the Charities and Trustee Investment (Scotland) Act 2(K)5 and the Charlties Accounts (Scotland) Regulalions 2006. The charity trustees consider that the audit requirement of Regulation l O(l) {a) to (c) of the Accounts Regulations does not apply. It is my responsibility to examine the accounts as required under section 44 (1) (d) of the Act and to state whether particular matters have come to my attenlion. Basis of indepeDdent examiner's statement My examination is carried out in accordance with Regulation I l of the Charities Accounts (Scotland) Regulatic)n8 2006. An examination includcs a revicw of the accounting reLords kept by the charity and a comparison of the accounts presented with those records. It alsu ii1Lludes consideration Df any unusual items or disclosures in the accounts and s¢ek5 explanatioi]s from the mjstees concerning any such matters. The procedures undcrtakcn do t provid¢ till the evidence that would be required in an audit and consequently I do not express an audit opinion on the view given by the accounts. Independent examiner's slatement In th¢ cours¢ uf my ¢xamInatio no matter has come to my attention which gives me reasonable cause to believe that in any material respect the requirements: to keep accounting records in accordance with Section 44(1) (a) of the 2005 Act and Regulation 4 of the 2006 Accounts Regulations. and to prepare accounts which accord with the accounting records and comply with Regulation 9 of the 2006 Accounts Regulations have not been met. or 2. to which, in my opinion. attention should be drawn in order to enable a proper understandiiig of the accolints to be reached. Signature: Name: Address: Date: Page 3
THE GOSPEL OUTREACH TRUST YEAR TO 31 MARCH 2025 Recelpts & Payments Account 2025 2024 Income From Individuals From Churche5 From Trusts & Others Inland Revenue RÈfunds 16,250 7,062 24,CKK) 2,794 5q106 18,290 8,214 20,gcK) 2,574 49,978 Expendlture Purchases of Bibles Gifts to individuals Overseas Medlcal Ald Overseas Relief of Poverty Bank Charges 4,396 21,976 30,850 26,IXX) 225 57.475 17,580 15 44,807 Surplus / (Deficit) for year (7,369) 5, 171 Bank balances at 01 April 2024 39,259 34,088 Bank Balance at 31 March 2025 31,891 39,259 Statement of Balances at 31 March 2025 2025 2024 Cash in Bank 31,891 39.259 Appi-oved by the Ti'LIS:CLi and %1 nLd nn IhLir Feli41t' Page4
THE GOSPEL OUTREACH TRUST REPORT AND ACCOUNTS FOR THE YEAR lED 31 March 2025 NOTES TO THE ACCOUNTS Accounting PoIieies Basis of Preparation and assessment of going concern The Financial Siaternents have been prepared in accordance with the Statement of Recommeiided Practice- Accounting and Reporting by Cliarities preparing their accounts in accordance with the Financial Reporting Standard appllcable in the UK and the Republic of Ireland (FRS102) issued on 16 July 2014. the Charities and Trustees Investtnent (Scotland) Act 2005 and tlie Charities Accounts (Scotland) Regulations 2006 (as amended). The trustees consider that there are no material uncertainties about the Trust's abiltty to continue as a going concern. Funds structure Unrestricted funds comprise those funds which the trustees are free to use for any purpose in furtherance of the charitable objects. Unrestricted funds include designated funds where the trustees, at their discretion, have created a fund for a specific purpose. Income recognition All income is recognised once the charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably. Expenditure recognition Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committiiig the charity to that expenditure, it is probable that settlement will be I'equired and the amount of the obligation can be measured reliably. Irrecoverable VAT Irrecoverable Value Added Tax is charged against the expenditure heading for which it was incurred. Trustees Remuneration No remuneration or expenses were paid to any Trustee during the year (2024 £Nil). Funds All of the funds are unrestricted and desigiiated funds have been paid out for the purpose for wliich they were given. Page 5