## **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
**----- Start of picture text -----**
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
**----- End of picture text -----**
## **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)
13/09/2021
2
## **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.
**----- Start of picture text -----**
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.
**----- End of picture text -----**
## **1.4 Changes to accounting estimates**
No changes to accounting estimates have occurred in the reporting period (3.46 FRS 102 SORP).
**----- Start of picture text -----**
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
**----- End of picture text -----**
## **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
3
## **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.
**----- Start of picture text -----**
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.
**----- End of picture text -----**
**POLICIES ADOPTED ADDITIONAL TO OR DIFFERENT FROM THOSE ABOVE**
**----- Start of picture text -----**
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
**----- End of picture text -----**
CC17a (Excel)
13/09/2021
7
**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**
**----- Start of picture text -----**
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:
**----- End of picture text -----**
**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
8
## **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).**_
**----- Start of picture text -----**
This year Last year
£ £
810 810
**----- End of picture text -----**
**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
9
## **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)**
**----- Start of picture text -----**
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
**----- End of picture text -----**
## _**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
10
## **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
11
## **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
12
**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
13
**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**_
**----- Start of picture text -----**
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
**----- End of picture text -----**
## **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
14
## **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)
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_**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
16
**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
17
**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 *)
1. 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
2. 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**
1
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**
2