2020-12-31-accounts - The Mutual Trust Group

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Trustees’ Annual Report for the period

From 01 January 2018 To 31 December 2020

Charity name: THE MUTUAL TRUST GROUP

Charity registration number: 1039300

Objectives and Activities

	SORP reference
Summary of the purposes of the charity as set out in its governing document	Para 1.17	For the benefits of charities, charitable institutions or charitable purposes
Summary of the main activities in relation to those purposes for the public benefit, in particular, the activities, projects or services identified in the accounts.	Para 1.17 and 1.19	Raising funds by renting out commercial property. Seeking donations from individuals and organisations
Statement confirming whether the trustees have had regard to the guidance issued by the Charity Commission on public benefit	Para 1.18	The trustees have had regard to the guidance issued by the Charity Commission on public benefit

Achievements and Performance

	SORP reference
Summary of the main achievements of the charity, identifying the difference the charity’s work has made to the circumstances of its beneficiaries and any wider benefits to society as a whole.	Para 1.20	During the year under review the charity received donations and investment income of £202,465 and made charitable donations of £171,050.

Financial Review

Financial Review
Review of the charity’s financial position at the end ofthe period	Para 1.21	The charity holds net funds of £197,884 at the year end
Statement explaining the policy for holding reserves stating why they are held	Para 1.22	Reserves are held to meet future obligations and to make charitable donations on a regular basis
Amount of reservesheld	Para 1.22	£197,884
Reasons for holding zero reserves	Para 1.22	None
Details of fund materially in deficit	Para 1.24	None
Explanation of any uncertainties about the charity continuing as a going concern	Para 1.23	None

Structure, Governance and Management

Description of charity’s trusts:
Type of governing document (trust deed,royalcharter)	Para 1.25	Declaration of Trust
How is the charity constituted? (e.g unincorporated association, CIO)	Para 1.25	Unincorporated Trust
Trustee selection methods including details of any constitutional provisions e.g. election to post or name of any person or body entitled to appoint one or more trustees	Para 1.25	By appointment by existing Trustees

Reference and Administrative details

Charityname	TheMutual Trust Group
Other name the charity uses
Registered charity number	1039300
Charity’s principal address	12 Dunstan Road London NW11 8AA

Names of the charity trustees who manage the charity

	Trustee name	Office (if any)	Office (if any)	Dates acted if not for whole year	Dates acted if not for whole year	Name of person (or body) entitled to appoint trustee(if any)
	Benzion Weitz	Chairman
	Adrian Weisz
	Michael Weitz
	Corporate trustees– names ofthe directors at the date thereportwas approved Director name
	Director name

Name of trustees holding title to property belonging to the charity

Trustee name Dates acted if not for whole year

Funds held as custodian trustees on behalf of others

Description of the assets None held in this capacity Name and objects of the charity on whose behalf the assets are held and how this falls within the custodian charity’s objects Details of arrangements for safe custody and segregation of such assets from the charity’s own assets

Declarations

The trustees declare that they have approved the trustees’ report above.

Signed on behalf of the charity’s trustees

Signature(s) Full name(s) Benzion Weitz Position (eg Secretary, Chair, etc) Chairman Date 06/09/2021

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THE MUTUAL TRUST GROUP Charity No
(if any) 1039300
Annual accounts for the period
Period end
Period start date 01/01/2020 To date 31/12/2020
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Section A Statement of financial activities

Recommended categories by activity Guidance Notes Incoming resources (Note 3) Income and endowments from: Donations and legacies S01 Charitable activities S02 Other trading activities S03 Investments S04 Separate material item of income S05 Other S06 S07 Resources expended (Note 6) Expenditure on: Raising funds S08 Charitable activities S09 Separate material item of expense S10 Other S11 S12 S13 Net gains/(losses) on investments S14 S15 Extraordinary items S16 S17 S18 Other gains/(losses) S19 S20 *Reconciliation of funds:* S21 S22 *Total* *Net movement in funds* Total funds brought forward *Total funds carried forward* *Total* Net income/(expenditure) before investment gains/(losses) Net income/(expenditure) Transfers between funds Other recognised gains/(losses): Gains and losses on revaluation of fixed assets for the charity’s own use	Unrestricted funds Restricted income funds Endowment funds Total funds Prior year funds £ £ £ £ £ F01 F02 F03 F04 F05 38,660 38,660 61,820 163,805 163,805 163,534 -
	202,465 202,465 225,354
	171,050 171,050 190,035 7,382 7,382 10,362 -
	178,432 178,432 200,397

	24,033 24,033 24,957

	24,033 24,033 24,957

	24,033 24,033 24,957
	173,851 173,851 148,894
	197,884 197,884 173,851

Section B Balance sheet

Fixed assets Intangible assets (Note 15) Tangible assets (Note 14) Heritage assets (Note 16) Investments (Note 17) *Total fixed assets* Current assets Stocks (Note 18) Debtors (Note 19) Investments (Note 17.4) Cash at bank and in hand (Note 24) *Total current assets* Creditors: amounts falling due within one year (Note 20) *Net current assets/(liabilities)* *Total assets less current liabilities* Creditors: amounts falling due after one year (Note 20) Provisions for liabilities *Total net assets or liabilities* Funds of the Charity Endowment funds (Note 27) Restricted income funds (Note 27) Unrestricted funds Revaluation reserve *Total funds* Signed by one or two trustees on behalf of all the trustees	Guidance Notes B01 B02 B03 B04 B05 B06 B07 B08 B09 B10 B11 B12 B13 B14 B15 B16 B17 B18 B19 B20 B21	Unrestricted funds Restricted income funds Endowment funds Total this year £ £ £ £ F01 F02 F03 F04	Total last year £ F05


		4,997 4,997 280,673 280,673
			3,887 257,750
		285,670 285,670	261,637
			87,786
		87,786 87,786

		197,884 197,884	173,851

		197,884 197,884	173,851



		197,884 197,884	173,851
		197,884 197,884
			173,851
		197,884 197,884	173,851
		BENZION WEITZ Print Name Signature	Date of approval dd/mm/yyyy 06/09/2021

CC17a (Excel)

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Section C Notes to the accounts

Note 1 Basis of preparation

This section should be completed by all charities .

1.1 Basis of accounting

These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts. The accounts have been prepared in accordance with:

the Statement of Recommended Practice: Accounting and Reporting by Charities
• and with*  preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014
• and with*  the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102)
and with the Charities Act 2011.

The charity constitutes a public benefit entity as defined by FRS 102.*

-Tick as appropriate

1.2 Going concern

If there are material uncertainties related to events or conditions that cast significant doubt on the charity's ability to continue as a going concern, please provide the following details or state "Not applicable", if appropriate:

An explanation as to those factors that support	NOT APPLICABLE
the conclusion that the charity is a going
concern;
Disclosure of any uncertainties that make the	NOT APPLICABLE
going concern assumption doubtful;
Where accounts are not prepared on a going	NOT APPLICABLE
concern basis, please disclose this fact
together with the basis on which the trustees
prepared the accounts and the reason why the
charity is not regarded as a going concern.

1.3 Change of accounting policy

The accounts present a true and fair view and the accounting policies adopted are those outlined in note 2.

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Yes 
-Tick as appropriate
No
Please disclose:
(i) the nature of the change in accounting policy; NOT APPLICABLE
(ii) the reasons why applying the new accounting policy
provides more reliable and more relevant information; NOT APPLICABLE
and
(iii) the amount of the adjustment for each line affected
in the current period, each prior period presented and
the aggregate amount of the adjustment relating to NOT APPLICABLE
periods before those presented, 3.44 FRS 102 SORP.
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1.4 Changes to accounting estimates

No changes to accounting estimates have occurred in the reporting period (3.46 FRS 102 SORP).

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Yes 
-Tick as appropriate
No
Please disclose:
(i) the nature of any changes; NOT APPLICABLE
(ii) the effect of the change on income and expense or NOT APPLICABLE
assets and liabilities for the current period; and
(iii) where practicable, the effect of the change in one or
more future periods. NOT APPLICABLE
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1.5 Material prior year errors

No material prior year error have been identified in the reporting period (3.47 FRS 102 SORP).

Yes  No NOT APPLICABLE NOT APPLICABLE NOT APPLICABLE -Tick as appropriate Please disclose: (i) the nature of the prior period error; (ii) for each prior period presented in the accounts, the amount of the correction for each account line item affected; and (iii) the amount of the correction at the beginning of the earliest prior period presented in the accounts.*		* -Tick as appropriate

CC17a (Excel)

13/09/2021

Section C Notes to the accounts (cont)

Note 2 Accounting policies 2.1 INCOME

This standard list of accounting policies has been applied by the charity except for those ticked "No" or "N/a". Where a different or additional policy has been adopted then this is detailed in the box below.

Recognition of income
Offsetting
Grants and donations
Donated goods
Volunteer help
This is included in the accounts when receipt is probable and the amount receivable can
be measured reliably.
Donated services and facilities that are consumed immediately are recognised as income
with an equivalent amount recognised as an expense under the appropriate heading in
the SOFA.
Tax reclaims on
donations and gifts
Donated goods are measured at fair value (the amount for which the asset could be
exchanged) unless impractical to do so.
Gifts in kind for use by the charity are included in the SoFA as income from donations
when receivable.
Donated services and facilities are included in the SOFA when received at the value of
the gift to the charity provided the value of the gift can be measured reliably.
Membership subscriptions which gives a member the right to buy services or other
benefits are recognised as income earned from the provision of goods and services as
income from charitable activities.
Membership subscriptions received in the nature of a gift are recognised in Donations
and Legacies.
The value of any voluntary help received is not included in the accounts but is described
in the trustees’ annual report.
Support costs
The charity has incurred expenditure on support costs.
Income from membership
subscriptions
Income from interest,
royalties and dividends
In the case of performance related grants, income must only be recognised to the extent
that the charity has provided the specified goods or services as entitlement to the grant
l
h
th
f
l t d
diti
t (5 16 FRS 102 SORP)
Government grants
The charity has received government grants in the reporting period
Legacies
Grants and donations are only included in the SoFA when the general income recognition
criteria are met (5.10 to 5.12 FRS 102 SORP).
Legacies are included in the SOFA when receipt is probable, that is, when there has
been grant of probate, the executors have established that there are sufficient assets in
the estate and any conditions attached to the legacy are either within the control of the
charity or have been met.
Gift Aid receivable is included in income when there is a valid declaration from the donor.
Any Gift Aid amount recovered on a donation is considered to be part of that gift and is
treated as an addition to the same fund as the initial donation unless the donor or the
terms of the appeal have specified otherwise.
These are included in the Statement of Financial Activities (SoFA) when:
 the charity becomes entitled to the resources;
· it is more likely than not that the trustees will receive the resources; and
 the monetary value can be measured with sufficient reliability.
There has been no offsetting of assets and liabilities, or income and expenses, unless required or
permitted by the FRS 102 SORP or FRS 102.
Contractual income and
performance related
grants
This is only included in the SoFA once the charity has provided the related goods or
services or met the performance related conditions.
The cost of any stock of goods donated for distribution to beneficiaries is deemed to be
the fair value of those gifts at the time of their receipt and they are recognised on receipt.
In the reporting period in which the stocks are distributed, they are recognised as an
expense at the carrying amount of the stocks at distribution.
Donated goods for resale are measured at fair value on initial recognition, which is the
expected proceeds from sale less the expected costs of sale, and recognised in 'Income
from other trading activities' with the corresponding stock recognised in the balance
sheet. On its sale the value of stock is charged against 'Income from other trading
activities' and the proceeds from sale are also recognised as 'Income from other trading
activities'.
Goods donated for on-going use by the charity are recognised as tangible fixed assets
and included in the SoFA as incoming resources when receivable.
Donated services and
facilities

Yes
No
N/a

Yes
No
N/a

Yes
No
N/a

Yes
No
N/a

Yes
No
N/a

Yes
No
N/a

Yes
No
N/a

Yes
No
N/a

Yes
No
N/a

Yes
No
N/a

Yes
No
N/a

Yes
No
N/a

Yes
No
N/a

Yes
No
N/a

Yes
No
N/a

Yes
No
N/a


Grants with performance conditions 2.3 ASSETS Heritage assets Liability recognition Liabilities are recognised where it is more likely than not that there is a legal or constructive obligation committing the charity to pay out resources and the amount of the obligation can be measured with reasonable certainty. The charity has heritage assets, that is, non-monetary assets with historic, artistic, scientific, technological, geophysical or environmental qualities that are held and maintained principally for their contribution to knowledge and culture. The depreciation rates and methods used as disclosed in note 16. They are valued at cost. The charity has intangible fixed assets, that is, non-monetary assets that do not have physical substance but are identifiable and are controlled by the charity through custody or legal rights. The amortisation rates and methods used are disclosed in note 15 Insurance claims are only included in the SoFA when the general income recognition criteria are met (5.10 to 5.12 FRS 102 SORP) and are included as an item of other income in the SoFA. Deferred income No material item of deferred income has been included in the accounts. Provisions for liabilities A liability is measured on recognition at its historical cost and then subsequently measured at the best estimate of the amount required to settle the obligation at the reporting date Basic financial instruments The charity accounts for basic financial instruments on initial recognition as per paragraph 10.7 FRS 102 SORP. Subsequent measurement is as per paragraphs 11.17 to 11.19, FRS 102 SORP. Stocks and work in progress Stocks held for sale as part of non-charitable trade are measured at the lower or cost or net realisable value. Goods or services provided as part of a charitable activity are measured at net realisable value based on the service potential provided by items of stock. Tangible fixed assets for use by charity The depreciation rates and methods used are disclosed in note 14. Intangible fixed assets Debtors Debtors (including trade debtors and loans receivable) are measured on initial recognition at settlement amount after any trade discounts or amount advanced by the charity. Subsequently, Fixed asset investments in quoted shares, traded bonds and similar investments are valued at initially at cost and subsequently at fair value (their market value) at the year end. The same treatment is applied to unlisted investments unless fair value cannot be measured reliably in which case it is measured at cost less impairment. Investments 2.2 EXPENDITURE AND LIABILITIES Where the charity gives a grant with conditions for its payment being a specific level of service or output to be provided, such grants are only recognised in the SoFA once the recipient of the grant has provided the specified service or output. Grants payable without performance conditions The charity has creditors which are measured at settlement amounts less any trade discounts Redundancy cost The charity made no redundancy payments during the reporting period. Creditors Governance and support costs Work in progress is valued at cost less any foreseeable loss that is likely to occur on the contract. Settlement of insurance claims Investment gains and losses This includes any realised or unrealised gains or losses on the sale of investments and any gain or loss resulting from revaluing investments to market value at the end of the year. Support costs have been allocated between governance costs and other support. Governance costs comprise all costs involving public accountability of the charity and its compliance with regulation and good practice. Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources, eg allocating property costs by floor areas, or per capita, staff costs by the time spent and other costs by their usage. Where there are no conditions attaching to the grant that enables the donor charity to realistically avoid the commitment, a liability for the full funding obligation must be recognised. They are valued at cost. These are capitalised if they can be used for more than one year, and cost at least They are valued at cost. Investments held for resale or pending their sale and cash and cash equivalents with a maturity date of less than 1 year are treated as current asset investments		Yes No N/a  Yes No N/a  Yes No N/a  Yes No N/a  Yes No N/a  Yes No N/a  Yes No N/a  Yes No N/a  Yes No N/a  Yes No N/a  Yes No N/a  Yes No N/a  Yes No N/a  Yes No N/a  Yes No N/a  Yes No N/a  Yes No N/a  Yes No N/a  Yes No N/a  Yes No N/a  Yes No N/a  Yes No N/a

settlement amount after any trade discounts or amount advanced by the charity. Subsequently, they are measured at the cash or other consideration expected to be received.

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they are measured at the cash or other consideration expected to be received.

Current asset investments The charity has has investments which it holds for resale or pending their sale and cash and cash
equivalents with a maturity date less than one year. These include cash on deposit and cash Yes No N/a
equivalents with a maturity date of less than one year held for investment purposes rather than to
meet short term cash commitments as they fall due. 
Yes No N/a
They are valued at fair value except where they qualify as basic financial instruments. 
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POLICIES ADOPTED ADDITIONAL TO OR DIFFERENT FROM THOSE ABOVE

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Section C Notes to the accounts (cont)
Note 3 Analysis of income
Restricted
Unrestricted income Endowment
funds funds funds Total funds Prior year
Analysis £ £
Donations Donations and gifts 38,660 38,660 61,820
and legacies: Gift Aid
Legacies
General grants provided by government/other
charities
Membership subscriptions and sponsorships
which are in substance donations
Donated goods, facilities and services
Other
Total 38,660 38,660 61,820
Charitable
activities:
Other
Total
Other trading
activities:
Other
Total
Income from Interest income 331 331 565
investments: Rental and leasing income 163,474 163,474 162,969
Total 163,805 163,805 163,534
Separate
material item
of income:
Total
Other: Conversion of endowment funds into income
Gain on disposal of a tangible fixed asset held
for charity's own use
Gain on disposal of a programme related
investment
Royalties from the exploitation of intellectual
property rights
Other
Total
TOTAL INCOME 202,465 202,465 225,354
Other information:
All income in the prior year was unrestricted except for:
(please provide description and amounts) NOT APPLICABLE
Where any endowment fund is converted into income in the
reporting period, please give the reason for the conversion.
NOT APPLICABLE
Within the income items above the following items are
material: (please disclose the nature, amount and any prior
year amounts)
NOT APPLICABLE
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CC17a (Excel)

13/09/2021

Section C Notes to the accounts (cont)

Note 6 Analysis of expenditure

Note 6 Analysis of expenditure	Analysis of expenditure
TOTAL EXPENDITURE Total other expenditure Other Other trading activities Analysis Expenditure on raising funds Investment management costs: Incurred seeking donations Expenditure on charitable activities CHARITABLE DONATIONS TO INSTITUTIONS Total ACCOUNTANCY FEES Separate material item of expense PROPERTY INSURANCE BANK CHARGES LOSS ON EXCHANGE Total expenditure on charitable activities Total expenditure on raising funds Incurred seeking legacies Incurred seeking grants	Other trading activities Analysis Investment management costs: Incurred seeking donations Incurred seeking legacies Incurred seeking grants	Unrestricted funds Restricted income funds Endowment funds Total funds Prior year £ £ 171,050 171,050 190,035 171,050 171,050 190,035 5,887 5,887 9,003 364 364 219 321 321 330 6,572 6,572 9,552 810 810 810 810 810 810 178,432 178,432 200,397

Other information:

Analysis of expenditure on charitable activities

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Grant
Activity or funding Support Total this Total
Activities undertaken directly
programme of Costs year prior year
activities
£ £ £ £ £
Activity 1 DONATIONS TO INSTITUTIONS 171,050 190,035
Activity 2
Other
Total
Prior year expenditure on charitable activities
can be analysed as follows:
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Within the expenditure items above the following items are material: (please disclose the nature, amount and any prior year amounts)

CC17a (Excel)

13/09/2021

Section C Notes to the accounts

Note 10 Details of certain items of expenditure

10.1 Fees for examination of the accounts

Please provide details of the amount paid for any statutory external scrutiny of accounts and other services provided by your independent examiner. If nothing was paid please enter '0' in the appropriate box(es).

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This year Last year
£ £
810 810
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Independent examiner’s fees Assurance services other than audit or independent examination Tax advisory fees Other fees (for example: financial advice, consultancy, accountancy services) paid to the independent examiner

CC17a (Excel)

13/09/2021

Section C Notes to the accounts (cont)

Note 13 Grantmaking

Please complete this note if the charity made any grants or donations which in aggregate form a material part of the charitable activities undertaken.

13.1 Analysis of grants paid (included in cost of charitable activities)

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Grants to Grants to
Analysis institutions individuals Support costs Total
Activity or project 1 £ £
Activity or project 2
Activity or project 3
Activity or project 4
Total
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Please enter “Nil” if the charity does not identify and/or allocate support costs.

13.2 Grants made to institutions

13.2 Grants made to institutions
No *TOTAL GRANTS PAID* *Other unanalysed grants* *Total grants to institutions in reporting period* YESHIVAS SHAAR HASHAMAYIM YESHIVAT KESSER HATALMUD OTHER SMALLER DONATIONS - AGGREGATE Purpose TO FURTHER EDUCATION TO FURTHER EDUCATION TO FURTHER EDUCATION & RELIEVE POVERTY Names of institution *My charity has made grants to particular institutions that are material in* *the context of its grantmaking. Details of the institution supported,* *purpose of the grant and total paid to each institution is available on the* *charity's web site.*	*Provide details* *below* Total amount of grants paid £ 115,632 37,175 18,243
	171,050
	- 171,050

CC17a (Excel)

13/09/2021

Section C Notes to the accounts (cont)

Note 19 Debtors and prepayments

Please complete this note if the charity has any debtors or prepayments.

19.1 Analysis of debtors

Prepayments and accrued income

Total

	This year	Last year	Last year
	£		£

	4,997		3,887

	4,997		3,887

Please complete 19.2 where a material debtor is recoverable more than a year after the reporting date.

19.2 Analysis of debtors recoverable in more than 1 year (included in debtors above)

Trade debtors Prepayments and accrued income Other debtors Total	This year Last year £ £

CC17a (Excel)

13/09/2021

Section C Notes to the accounts (cont)

Note 20 Creditors and accruals

Please complete this note if the charity has any creditors or accruals.

20.1 Analysis of creditors

Accruals for grants payable Bank loans and overdrafts Trade creditors Payments received on account for contracts or performance-related grants Accruals and deferred income Taxation and social security Other creditors Total	This year Last year This year Last year £ £ £ £ 43,500 43,500 44,286 44,286 Amounts falling due within one year Amounts falling due after more than one year
	87,786 87,786

20.2 Deferred income

Please complete this note if the charity has deferred income.

Please explain the reasons why income is deferred.

Movement in deferred income account Balance at the start of the reporting period Amounts added in current period Amounts released to income from previous periods Balance at the end of the reporting period

	This year	Last year
	£	£

CC17a (Excel)

13/09/2021

Section C Notes to the accounts (cont)

Note 24 Cash at bank and in hand

Note 24 Cash at bank and in hand
Other Cash at bank and on hand Total Short term cash investments (less than 3 months maturity date) Short term deposits	This year Last year £ £ 147,055 141,581 133,618 116,169
	280,673 257,750

CC17a (Excel)

13/09/2021

Section C Notes to the accounts (cont)

Note 27 Charity funds

27.1 Details of material funds held and movements during the CURRENT reporting period

Please give details of the movements of material individual funds in the reporting period together with a balancing figure for 'Other funds'. The 'Total funds' figure below should reconcile to 'Total funds' in the blanace sheet.

* Key: PE - permanent endowment funds; EE - expendible endowment funds; R - restricted income funds, including special trusts, of the charity; and U - unrestricted funds

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Fund Fund
balances balances
Type PE, EE Purpose and Restrictions brought Gains and carried
R or UR
forward Income Expenditure Transfers losses forward
Fund names £ £ £ £ £ £
CHARITABLE & INVESTMENT INCOME &
GENERAL FUND UR EXPENDITURE 173,851 202,465 - 178,432 197,884
Other funds N/a N/a
Total Funds 173,851 202,465 - 178,432 197,884
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27.2 Details of material funds held and movements during the PREVIOUS reporting period

Please give details of the movements of material individual funds in the reporting period together with a balancing figure for 'Other funds'. The 'Total funds' figure

Key: PE - permanent endowment funds; EE - expendible endowment funds; R - restricted income funds, including special trusts, of the charity; and U - unrestricted

					Fund					Fund
	Type PE, EE R or UR *		Purpose and Restrictions		balances brought forward	Income	Expenditure	Transfers	Gains and losses	balances carried forward
Fund names					£	£	£	£	£	£
		CHARITABLE & INVESTMENT INCOME &
GENERAL FUND	UR	EXPENDITURE			148,894	225,354	- 200,397			173,851









*Other funds*	N/a	N/a
				Total Funds	148,894	225,354	- 200,397			173,851

CC17a (Excel)

13/09/2021

Section C Notes to the accounts (cont)

Note 28 Transactions with trustees and related parties

If the charity has any transactions with related parties (other than the trustee expenses explained in guidance notes) details of such transactions should be provided in this note. If there are no transactions to report, please enter “True” in the box or "False" if there are transactions to report.

28.1 Trustee remuneration and benefits

None of the trustees have been paid any remuneration or received any other benefits from an employment with their charity or a related entity (True or False)

TRUE

In the period the charity has paid trustees remuneration and benefits. Please give the amount of, and legal authority for, any remuneration or other benefits paid to a trustee by the charity or any institution or company connected with it.

Name of trustee Legal authority (eg order, governing document)	Last year Remuneration Pension contribution Redundancy (including loss of office)/ex gratia Other TOTAL £ £ £ £ Amounts paid or benefit value This year

Please give details of why remuneration or other employment benefits were paid.

Where an ex gratia payment has been made to a trustee, provide an explanation of the nature of the payment.

28.2 Trustees' expenses

If the charity has paid trustees expenses for fulfilling their duties, details of such transactions should be provided in this note. If there are no transactions to report, please enter “True” in the box below. If there are transactions to report, please enter "False".

Accommodation Other (please specify): Travel £ This year TOTAL No trustee expenses have been incurred (True or False) Type of expenses reimbursed Subsistence	Last year TRUE £

Please provide the number of trustees reimbursed for expenses or who had expenses paid by the charity

28.3 Transaction(s) with related parties

Please give details of any transaction undertaken by (or on behalf of) the charity in which a related party has a material interest, including where funds have been held as agent for related parties. If there are no such transactions, please enter 'true' in the box provided.

There have been no related party transactions in the reporting period (True or False)


There have been no related party transactions in the reporting			period (True	or False)		TRUE

						Amounts
Name of the trustee or related party	Relationship to charity	Description of the transaction(s)	Amount	Balance at period end	Provision for bad debts at period end	written off during reporting
						period
			£	£	£	£

CC17a (Excel)

13/09/2021

In relation to the transactions above, please provide the terms and conditions, including any security and the nature of any payment (consideration) to be provided in settlement. For any related party, please provide details of any guarantees given or received.

CC17a (Excel)

13/09/2021

Section C Notes to the accounts (cont)

Note 29 Additional Disclosures

The following are significant matters which are not covered in other notes and need to be included to provide a proper understanding of the accounts. If there is insufficient room here, please add a separate sheet.

The Mutual Trust Group derives the major part of its investment income from letting out a property which it holds on a short-term lease. No rent was payable by The Mutual Group for the property for the year under review or the prior year.

CC17a (Excel)

13/09/2021

Independent examiner's report on the accounts

Section A Independent Examiner’s Report

Report to the trustees/ THE MUTUAL TRUST GROUP members of

On accounts for the year 31 December 2020 Charity no 1039300 ended (if any) Set out on pages 1-17

Respective responsibilities of trustees and examiner

The charity's trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 (“the Charities Act”) and that an independent examination is needed. [The charity’s gross income exceeded £250,000 and I am qualified to undertake the examination by being a qualified member of [named body]]. Delete [ ] if not applicable.

It is my responsibility to:

examine the accounts under section 145 of the Charities Act,
to follow the procedures laid down in the general Directions given by the Charity Commission (under section 145(5)(b) of the Charities Act, and
to state whether particular matters have come to my attention.

Basis of independent examiner’s statement

Independent examiner's statement

My examination was carried out in accordance with general Directions given by the Charity Commission. 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 the 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.

In connection with my examination, no matter has come to my attention (other than that disclosed below *)

which gives me reasonable cause to believe that in, any material respect, the requirements:
to keep accounting records in accordance with section 130 of the Charities Act; and
to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities Act
have not been met; or
to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Please delete the words in the brackets if they do not apply.

Signed: Name: Simon D Stern

Date: 06 September 2021

IER

Chartered Accountant

Relevant professional qualification(s) or body (if any):

Address:

2 Helenslea Avenue London NW11 8ND

Section B Disclosure

Give here brief details of None any items that the examiner wishes to disclose .

IER