## **ANNUAL REPORT AND FINANCIAL STATEMENTS**
## **FOR THE YEAR ENDED 31ST MARCH 2023**
## **2MT**
## **(MITCHELL MINISTRIES)**
**CHARITY REGISTRATION NUMBER 1069653**
Independent Examiners Ltd Unit 2 The Broadbridge Business Centre Delling Lane Bosham PO18 8NF
## **2MT**
## **(MITCHELL MINISTRIES) CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2023**
||**Page**|
|---|---|
|**Legal and Administrative Information**|3|
|**Trustees' Report**|4 to 6|
|**Independent Examiner's Report on the Accounts**|7|
|**Statement of Financial Activities**|8|
|**Balance Sheet**|9|
|**Notes to the Accounts**|10 to 16|
## **2MT (MITCHELL MINISTRIES) LEGAL AND ADMINISTRATIVE INFORMATION**
## **CHARITY NUMBER**
1069653
## **WORKING NAMES**
Mitchell Ministries Passion 2MT MBPTC
## **START OF FINANCIAL YEAR**
01 April 2022
**END OF FINANCIAL YEAR** 31 March 2023 **TRUSTEES AT 31 MARCH 2023**
Mr Jonathan Prestwich Mrs Angela Jane Prestwich Dr Michael Winter Mrs Abigail Winter Mrs Sharon Michelle Dobson Angela Margaret Young JP
The existing trustees appoint any new trustees following the provisions laid out in the Charity's governing instrument.
## **GOVERNING INSTRUMENT**
Declaration of Trust dated 28 February 1997 as varied by Deeds dated 23 December 1998 and 28 January 2000 and 14 May 2011.
## **LEGAL STATUS**
Unincorporated Charity
## **OBJECTS**
To advance Christian religion and to continue the existing and growing work of the ministry in Great Britain and in such other place or places as shall be decided upon by (a) proclaiming and furthering the gospel of God concerning his Son Jesus Christ our Lord and the preaching and teaching of the uncompromised word of God consistently with the statement of faith set forth in the schedule to the declaration of trust dated 28 February 1997 and (b) (i) facilitating the reconciliation ministry of 2.Cor 5.12-17 between national, relational, sociocultural, generational, dispositional gender and denominational divides and ii) Advance education amongst members of the community for the benefit of the community and social cohesion.
## **CORRESPONDENCE ADDRESS**
Oak Royd 21 Stankelt Road Silverdale Carnforth Lancashire LA50TF
## **PRIMARY BANKERS**
Barclays Bank Plc Islington & Camden Branch 38 Islington Green N1 8EH
The Cumberland Building Society 38 Fisher Street Carlisle
## **INDEPENDENT EXAMINER**
Donna Leppitt Independent Examiners Ltd Unit 2 The Broadridge Business Centre Delling Lane Bosham PO18 8NF
3
## **2MT (MITCHELL MINISTRIES) TRUSTEES' REPORT FOR THE YEAR ENDED 31ST MARCH 2023**
Charity Name: Mitchell Ministries (2MT) Charity registration number: 1069653
## **1. People and purposes**
The Mitchell Ministries charity is overseen by the trustees, Sharon Dobson, Angela Young, Angela Prestwich, Jonathan Prestwich, Abby Winter and Mike Winter who continues as chair. Roger and Sue Mitchell continue to execute the work of the trust, while Ian Edwards handles our bookkeeping. Sue is the senior coordinator of our work with the Morecambe Bay Poverty Truth Commission.
This year we continued to pursue our objectives of promoting incarnational faith by working across social, gender, racial, religious and class boundaries for the promotion of overall wellbeing. We seek to enable and resource individuals and charitable, ecclesial and statutory organisations to work together to achieve transformational change by peaceful and loving means. This is in line with the strap-line of the charity’s present operating name of 2MT 'facilitating effective change.' Our ethos and strategy of operation is to serve these relationships as invited, to set up new initiatives where necessary and to support the reframing of mind-sets and structures, enabling collaboration and more effective engagement with local communities. We provide consultation, administration, training, resources and coaching support with a view to self-sustainability.
## **2. Activities**
## a) Morecambe Bay Poverty Truth Commission
This year we have continued in our role as facilitators of the Morecambe Bay Poverty Truth Commission. With the help of funds from the National Lottery and the local Health and Wellbeing Partnership, we continued to employ our two parttime development workers Phil Sykes and Ally Mackenzie and launched Round 2 of the Commission on May 4th. In the aftermath of the pandemic, we had to extend the appointment of community commissioners beyond the launch, and this proved a positive move. We enlisted an excellent contingent of civic commissioners and the commission made steady progress and continues to do so. Sue Mitchell continued in her role as senior coordinator and both she and Roger Mitchell continued to give their time to the facilitation team of MBPTC with Angela Young, our local trustee.
## b) Academic engagement
Roger remains a faculty member of the Westminster Theological Centre, and taught his updated course on Peace, Reconciliation and the Politics of Jesus from January to March 2023 to an excellent cohort of students. Both Sue and Roger continue as honorary researchers in the Centre for Alternatives to Social and Economic Inequalities in the Sociology Department at Lancaster University which continues to be a helpful umbrella for our work alongside both MBPTC, the Morecambe Bay Love and Kindness movement and in promoting kenarchy generally. Both Roger and Sue continue on the editorial team of the 2MT publication The Kenarchy Journal, of which Roger is the lead editor www.kenarchy.org and which continues in partnership with the Jim Forest Institute for Religion, Peace and Justice https://www.jfi.ssu.ca as their academic journal.
## c) Theological research
Roger and Sue continue to facilitate the Ashburnham Kingdom Theology Research Initiative working in partnership with Ashburnham Christian Trust and held successful two-day theology digs in April and October at Ashburnham Place. Together with research for The Kenarchy Journal Roger prepared and presented a paper in August at the Oxford Symposium on Religious Studies that was subsequently published in The Journal of Academic Perspectives.
4
## **2MT (MITCHELL MINISTRIES) TRUSTEES' REPORT (continued) FOR THE YEAR ENDED 31ST MARCH 2023**
## d) Books
Roger finished the first of his novels The Day of the Labyrinth: The Blind Seer and the Gift of Love, and the publisher Collective Ink (formerly John Hunt) really like it. It was pre-published in February 2023 since when we have been busily promoting it. The official publication is December 8th 2023 and it will be available through all the main distributors. In September 2022 we embarked on a research journey through France in preparation for the second novel which Roger began writing in November.
## e) Continuing work towards deep structural social transition.
Alongside our work in facilitating MBPTC we continued to encourage initiatives and relationships in support of a more cohesive and caring society locally in partnership with Julie Tomlin of SHED.
## f) Sue Mitchell Coaching.
Sue continues to develop and use her expertise in Positive Psychology to resource our ongoing individual and corporate coaching, with a core of clients both on-line and face-to-face both locally and nationally and has continued her longterm coaching engagement with the team at Ashburnham Christian Trust.
## g) The Art of Hosting
This year Sue continued to work closely with the international initiative for hosting and harvesting meaningful conversations and was part of a significant series of online training events.
## h) Guest and retreats
The friary aspect of our work has continued throughout the year with day guests and clients, regular hosting of the MBPTC team, and a variety of residential guests. We held another exciting theology retreat around Mike Love’s PhD research on political theology. The friary office, research and writing facilities continued busily and we hosted many online events both locally, nationally and internationally.
## i) Local and UK connections
We continued our support and involvement with Liberty International and Interprayer. Roger has continued as chair of Ashburnham Christian Trust, working to transition from his role as chair by September 2024. Roger has begun an experimental series of London visits to renew past relationships and begin new ones with a view to promoting the Journal, his novel and assisting in the ongoing influence of WTC and ACT.
## j) Administration
Sue Mitchell, assisted by co-director Roger Mitchell undertake all the necessary administration of the trust. We continue to be very appreciative of the excellent care of Mike Winter and Intrica for our IT provision, and financial administrative help from Ian Edwards.
## k) International work
We continued to connect virtually with Martin & Gayle Scott in Spain, Sam Cooper and Michael Lafleur in Canada and with our other strategic friends in wider Europe.
## l) Social Networking
Roger has continued to see an encouraging increase in social networking connections. He has increased his presence on Facebook while continuing to use Twitter and his own blog www.rogerhaydonmitchell.wordpress.com. He continues to develop his Academia site under the auspices of The Westminster Theological Centre.
5
## **2MT (MITCHELL MINISTRIES) TRUSTEES' REPORT (continued) FOR THE YEAR ENDED 31ST MARCH 2023**
## m) Wider Consultation
Roger continued as chair of trustees of ACT, and Interprayer, which Sue also continued to serve with administrative support.
## n) Relationships between the charity and connected organisations and charities
As part of our aim is to build relational networks, we constantly work to establish good relationships with other church or charitable ministries and trusts. As pandemic restrictions ebbed and waned this continued mainly via social networking and virtual meetings online. Any earmarked monies donated for charitable purposes via MM to specific ends continued to be received and dispersed as instructed and required.
## **3) Structure, Governance and Management**
## a) Trustees Responsibilities
We are a faith ministry. We are grateful for the continuing support of many individuals in touch with us as we determine our strategy and objectives for each year and proceed on the expectation that there will be enough resources to meet them. We have continued to receive regular and one off support, and are extremely grateful for the grants we have received to enable the work of MBPTC, and Morecambe Bay Love and Kindness Movement and PTC, as well as general grants and gifts for the general expenses of our work. The Trustees met twice this year, once virtually and once residentially at the friary and continued to be on hand by phone or email to check on and authorise income/ expenditure flow, or give any other advice as necessary.
## b) Legal Requirements
Mitchell Ministries (2MT) is a trust incorporated by association. The Charities Act 1993 require the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the trust and of the surplus of the trust for that period. In preparing those financial statements the trustees are required to make financial judgements and estimates that are reasonable and prudent and keep proper accounting records, which disclose with reasonable accuracy at any time the financial position of the trust. They are also responsible for safeguarding the assets of the trust and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. These requirements have once again been fulfilled to the Trustees’ satisfaction and the trustees have continued to have regard to the guidance issued by the Charity Commission on public benefit.
## **4. Financial Review**
## a) Review of the charity’s financial position at the end of the period
The income for the year was £82126 and expenditure was £66593. The National Lottery and the Morecambe Bay Health and Wellbeing Partnership continued to provide significant funds for MBPTC this year and SHED for our role in wider community-building work locally. We continued to be enormously grateful to a committed number of regular supporters, who have given on a monthly or annual basis to make the work of Mitchell Ministries possible. As a result, we have been able to proceed well within the budget and funds provided.
## b) Statement explaining the policy for holding reserves stating why they are held
We hold any earmarked funds ring-fenced for their stated purpose. We continue to keep a cushion of reserves but, as a seeding agency which takes initiative to establish what does not yet exist, are committed to never hoarding resources or building up excessive reserves.
## 21st October 2023
Approved by the Trustees on…..................................... Signed on their behalf by Trustee …..............................
> Printed Name: Dr M D Winter
6
## **2MT (MITCHELL MINISTRIES) INDEPENDENT EXAMINER’S REPORT ON THE ACCOUNTS FOR THE YEAR ENDED 31ST MARCH 2023**
Report to the trustees/ members of 2MT (MITCHELL MINISTRIES on the accounts for the year ended 31st March 2023.
## **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.
## 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**
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.
## **Independent examiner's statement**
In connection with my examination, no matter has come to my attention
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.
Donna Leppitt Independent Examiners Ltd Unit 2 The Broadridge Business Centre Delling Lane Bosham PO18 8NF Date:
7
## **2MT**
## **(MITCHELL MINISTRIES) STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST MARCH 2023**
|**Notes**
**INCOMING RESOURCES**
Donations & Legacies
**3a**
Charitable Activities
**3b**
Investment Income
**3c**
Other Income
**3d**
**TOTAL INCOMING RESOURCES**
**PAYMENTS**
Costs of Charitable Activities
**4a**
Costs of Generating Funds
**4b**
**NET INCOME/(EXPENDITURE**
Total Funds Brought Forward
Prior Year Adjustment
**TOTAL FUNDS CARRIED FORWARD**
**NET MOVEMENT IN FUNDS**
**TOTAL EXPENDITURE**
**TRANSFER BETWEEN FUNDS**|**TOTAL**
**TOTAL**
Unrestricted
MBPTC
Passion
**2022/23**
**2021/22**
Funds
Fund
Fund
£
£
£
**£**
**£**
29,839
50,000
-
79,839
61,943
87
-
-
87
72
-
72
-
72
26
1,028
1,100
-
2,128
968
**Restricted**|
|---|---|
||**30,954**
**51,172**
**-**
**82,126**
**63,009**|
||24,691
41,901
-
66,593
53,617
-
-
-
-
255|
||**24,691**
**41,901**
**-**
**66,593**
**53,872**|
|||
||**6,263**
**9,271**
**-**
**15,534**
**9,138**
**-**
**-**
**-**
**-**
**-**|
||**6,263**
**9,271**
**-**
**15,534**
**9,138**|
||23,749
39,514
5,441
68,703
59,671
-
-
-
-
(105)|
||**30,012**
**48,785**
**5,441**
**84,237**
**68,703**|
Movements on all reserves and all recognised gains and losses are shown above. All the organisation's operations are classed as continuing.
8
## **2MT (MITCHELL MINISTRIES) BALANCE SHEET AS AT 31 MARCH 2023**
|**Notes**
**Assets**
Tangible Assets
**2**
**Current Assets**
**8**
Stocks
**7**
**6**
**Total Current Assets**
**9**
**10**
**5**
**NET ASSETS/ (LIABILITIES)**
Debtors & Prepayments
Cash at bank and in hand
**Creditors:**amounts falling
Liabilities
**TOTAL FUNDS**
**FUNDS OF THE CHARITY**
Restricted funds
falling due within one year
**Creditors:**Long Term
**NET CURRENT ASSETS**
**TOTAL ASSETS**less current liabilities
General Funds|**TOTAL**
**TOTAL**
Unrestricted
MBPTC
Passion
**2022/23**
**2021/22**
Funds
Fund
Fund
£
£
£
**£**
**£**
-
-
-
-
-
895
-
-
895
1,361
580
-
-
580
260
35,216
48,785
5,441
89,441
67,893
**Restricted**|
|---|---|
||**36,691**
**48,785**
**5,441**
**90,916**
**69,513**|
||6,679
-
-
6,679
810
30,012
48,785
5,441
84,237
68,703|
||**30,012**
**48,785**
**5,441**
**84,237**
**68,703**
-
-
-
-
-|
||**30,012**
**48,785**
**5,441**
**84,237**
**68,703**|
||30,012
-
-
30,012
23,749
-
48,785
5,441
54,226
44,955|
||**30,012**
**48,785**
**5,441**
**84,237**
**68,703**|
## 21st October 2023
Approved by the Trustees on ….................................... Signed on their behalf by Trustee ….............................. Printed Name: Dr M D Winter
9
## **2MT (MITCHELL MINISTRIES) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST MARCH 2023**
## **1. ACCOUNTING POLICIES**
The principal accounting policies are summarised below. The accounting policies have been applied consistently throughout the year.
## **Basis of preparation:**
The financial statements have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant notes. The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2015) - (Charities SORP - FRS102) and the Charities Act 2011.
The Charity meets the definition of a public benefit entity under FRS102. Assets and liabilities are initially recognised at historical cost unless otherwise stated in the relevant accounting policy notes.
## **Assessment of Going Concern**
Preparation of the accounts is on a going concern basis. The trustees consider that there are no material uncertainties about the Charity's ability to continue as a going concern.
## **Recognition of Incoming Resources**
These are included in the Statement of Financial Activities (SOFA) when:
- the charity becomes entitled to the resources;
- the trustees are virtually certain they will receive the resources; and
- the monetary value can be measured with sufficient reliability.
## **Incoming Resources with Related expenditure**
Where incoming resources have related expenditure (as with fundraising or contract income) the incoming resources and related expenditure are reported gross in the SOFA.
## **Grants and Donations**
Grants and donations are only included in the SOFA when the charity has unconditional entitlement to the resources.
## **Tax Reclaims on Donations and Gifts**
Incoming resources from tax reclaims are included in the SOFA at the same time as the tax reclaim is received.
## **Contractual Income and Performance Related Grants**
This is only included in the SOFA once the related goods or services has been delivered.
## **Gifts in Kind**
Gifts in kind are accounted for at a reasonable estimate of their value to the charity or the amount actually realised. Gifts in kind for sale or distribution are included in the accounts as gifts only when sold or distributed by the charity. Gifts in kind for use by the charity are included in the SOFA as income receivable.
## **Volunteer Help**
The value of any voluntary help received is not included in the accounts and is described in the Trustees' Report.
## **Donated Services and Facilities**
These are only included in incoming resources (with an equivalent amount in resources expended) where the benefit to the charity is reasonably quantifiable, measurable and material. The value placed on these resources is the estimated value to the charity of the service or facility received.
## **Investment Income**
This is included in the accounts when receivable.
## **Investment Gains and Losses**
This included any gain or loss on the sale of investments and any gain or loss resulting from revaluing investments to market value at the end of the year.
This page does not form part of the statutory financial statements
10
## **2MT (MITCHELL MINISTRIES) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST MARCH 2023**
## **1. ACCOUNTING POLICIES (continued)**
## **Expenditure and Liabilities**
## **Liability Recognition**
Liabilities are recognised as soon as there is a legal or constructive obligation committing the charity to pay out resources.
## **Governance Costs**
Include costs of the preparation and examination of statutory accounts, the costs of the trustees meetings and cost of any legal advise to trustees on governance or constitutional matters.
## **Grants with Performance Conditions**
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**
These are only recognised in the accounts when a commitment has been made and there are no conditions to be met relating to a grant which remain in control of the charity.
## **Investments**
Investments quoted on a recognised stock exchange are valued at market value at the year end. Other investment assets are included at trustees' best estimate of market value.
## **Pensions**
Pension contributions are charged to the Statement of Financial Activities as they become payable.
## **Fund Accounting**
Funds held by the charity are either:
## **1. Unrestricted funds**
These are funds which can be used in accordance with the charity's objectives, at the discretion of the trustees.
## **2. Restricted funds**
These are funds that can only be used for particular restricted purposes within the objects of the charity.
## **3. Designated funds**
These funds are funds set aside by the trustees out of unrestricted general funds for specific purposes or projects.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
## **Fixed Assets**
Fixed Assets are capitalised if they can be used for more than one year and cost at least £1,500. They are valued at cost or, if gifted, at the value to the charity on receipt.
## **Depreciation Expense**
Depreciation is calculated at a rate to write off the cost of tangible fixed assets over their estimated useful lives. The rates applied are as follows:
General Equipment
25%
There has been no change to the accounting polices (Variation rules and methods of accounting) since last year.
## **2. TANGIBLE FIXED ASSETS**
The Charity held no fixed assets investments during this or the previous financial period.
The annual commitments under non-cancelling operating leases and capital commitments are as follows: 31st March 2023 : None
This page does not form part of the statutory financial statements
11
## **2MT (MITCHELL MINISTRIES) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST MARCH 2023**
## **3. INCOMING RESOURCES**
|**3. INCOMING RESOURCES**|||||||||
|---|---|---|---|---|---|---|---|---|
|||||**Restricted**|||**TOTAL**|**TOTAL**|
|**Notes**|Unrestricted|||MBPTC|Passion||**2022/23**|**2021/22**|
||Funds|||Fund|Fund||||
||£|||£|£||**£**|**£**|
|**a) Donations & Legacies**|||||||||
|Friary Guests Donations|||895||-|-|895|1,020|
|Funding Income||10,000||50,000||-|60,000|50,000|
|General Giving|||100||-|-|100|-|
|Ministry Giving||14,589|||-|-|14,589|5,466|
|Regular Giving||1,920|||-|-|1,920|2,320|
|Tax Recovered|||895||-|-|895|1,148|
|Voluntary Giving||1,440|||-|-|1,440|1,990|
|||**29,839**||**50,000**||**-**|**79,839**|**61,943**|
|**b) Incoming from Charitable Activities**|||||||||
|Sales (Primary Purpose Trading)|||87||-|-|87|72|
||||**87**||**-**|**-**|**87**|**72**|
|**c) Investment Income**|||||||||
|Bank Interest|||-||72|-|72|26|
||||**-**||**72**|**-**|**72**|**26**|
|**d) Other Income**|||||||||
|Contribution to Expenses||1,028||300||-|1,328|718|
|Other income|||-|800||-|800|250|
|||**1,028**||**1,100**||**-**|**2,128**|**968**|
This page does not form part of the statutory financial statements
12
## **2MT**
## **(MITCHELL MINISTRIES) NOTES TO THE ACCOUNTS**
## **FOR THE YEAR ENDED 31ST MARCH 2023**
|**4. RESOURCES EXPENDED**
**Notes**
**b) Other expenditure**
Earmarked Expenditure
**Goverance costs:-**
Independent Examiners Fees
Stock Write off
Sessional Workers Fees
Room Hire
Household Utility Costs
Household Legal/Insurance
Event Expenses
Gifts & Donations
Hospitality Costs
Household Maintenance
Insurance Costs
Telephone Costs
Training Costs
Bank and Card Charges
Travel & Subsistence
University Study
Sundry Expenses
Licences & Subscriptions
Equipment and Computer Costs
Fees
Friary Expenses:
Internet Expenses
Household Costs
Catering Costs
Conference Costs
Costs of Publishing
Accommodation Costs
**a) Charitable Activities**
Realised loss on Foreign Exchange
Currency
Merchandise Purchase
Printing, Postage & Stationery
Household Purchases|**TOTAL**
**TOTAL**
Unrestricted
MBPTC
Passion
**2022/23**
**2021/22**
Funds
Fund
Fund
£
£
**£**
**£**
1,613
-
-
1,613
267
30
150
-
180
145
1,200
-
-
1,200
-
723
-
-
723
572
150
-
-
150
-
2,224
-
-
2,224
1,556
-
-
-
-
-
1,775
-
-
1,775
2,083
392
-
-
392
2,455
4,329
-
-
4,329
3,654
737
-
-
737
711
-
2,025
-
2,025
-
300
100
-
400
250
757
3,089
-
3,846
3,452
938
173
-
1,111
691
518
-
-
518
1,886
9
-
-
9
-
186
63
-
249
347
-
398
-
398
356
-
32,200
-
32,200
26,894
130
-
-
130
-
101
-
-
101
23
636
235
-
871
1,028
25
500
-
525
-
6,408
2,532
-
8,939
5,276
224
-
-
224
304
-
-
-
-
-
110
36
-
146
146
840
-
-
840
810
337
400
-
737
711
**Restricted**|
|---|---|
||**24,691**
**41,901**
**-**
**66,593**
**53,617**|
||-
-
-
-
200
-
-
-
-
55|
||**-**
**-**
**-**
**-**
**255**|
This page does not form part of the statutory financial statements
13
## **2MT (MITCHELL MINISTRIES) NOTES TO THE ACCOUNTS (continued) FOR THE YEAR ENDED 31ST MARCH 2023**
## **5. RESTRICTED FUNDS**
## **CURRENT FINANCIAL YEAR**
||**Balance**|||Gains &||||**Balance**|
|---|---|---|---|---|---|---|---|---|
||**01-Apr-22**|Income|Expenditure|(Losses)||Transfer||**31-Mar-23**|
|||£|£|£||£||**£**|
|Morecambe Bay Poverty|39,514|51,172|(41,901)||-||-|48,785|
|Passion Earmarked Funds|5,441|-|-||-||-|5,441|
||**44,955**|**51,172**|**(41,901)**||**-**||**-**|**54,226**|
|**PREVIOUS FINANCIAL**|**YEAR**||||||||
||**Balance**|||Gains &||||**Balance**|
||**01-Apr-21**|Income|Expenditure|(Losses)||Transfer||**31-Mar-22**|
|||£|£|£||£||**£**|
|Morecambe Bay Poverty|29,170|40,276|(29,933)||-||-|39,514|
|Passion Earmarked Funds|5,641|-|(200)||-||-|5,441|
||**34,811**|**40,276**|**(30,133)**||**-**||**-**|**44,955**|
## **Morecambe Bay Poverty Truth Commission Fund**
The restricted funds represent funds received from a variety of funders for the Morecambe Bay Poverty Truth Commission (MBPTC). The funders have stated that these funds are specifically for the MBPTC project and can NOT be used for the general charitable activities of the 2MT (Mitchell Ministries) Trust, which has been confirmed by the Trustees.
## **Passion Earmarked Funds**
The restricted funds represent funds received from Seedbed Christian Trust and S.H.E.D (Sustainability. Health. Environment. Development) for the purpose of our investing them into new local community projects as seed funding in accordance with our trust deed.
The restricted funds held are wholly represented by the cash reserves of the Charity.
This page does not form part of the statutory financial statements
14
## **2MT (MITCHELL MINISTRIES) NOTES TO THE ACCOUNTS (continued) FOR THE YEAR ENDED 31ST MARCH 2023**
## **6. INVESTMENTS**
The Charity held no investment assets during this or the previous financial period.
## **7. CASH AT BANK AND IN HAND**
|Passion General Account
Passion 2 Account
2MT Petty Cash
Euro Bank Account
2MT Bank Account
Passion Stock
Euro Cash Reserve
MBPTC Bank Account
MBPTC Savings Account
MBPTC Petty Cash
**7. STOCKS**|**TOTAL**
**TOTAL**
Unrestricted
MBPTC
Passion
**2022/23**
**2021/22**
Funds
Fund
Fund
£
£
**£**
**£**
12,014
-
-
12,014
10,534
-
-
5,441
5,441
5,441
23,182
-
-
23,182
12,384
16
-
-
16
16
-
-
-
-
-
4
-
-
4
4
-
45,795
-
45,795
30,835
-
2,800
-
2,800
8,500
-
189
-
189
179
**Restricted**|
|---|---|
||35,216
48,785
5,441
89,441
67,893|
||**TOTAL**
**TOTAL**
Unrestricted
MBPTC
Passion
**2022/23**
**2021/22**
Funds
Fund
Fund
£
£
**£**
**£**
580
-
-
580
260
**Restricted**|
||**580**
**-**
**-**
**580**
**260**|
Stock comprises of goods for resale in order to generate income to further the Charity's objects. Stock is valued at the lower of cost and net realisable value.
## **8. DEBTORS AND PREPAYMENTS**
|Gift Aid Tax Recoverable
Other debtor|**TOTAL**
**TOTAL**
Unrestricted
MBPTC
Passion
**2022/23**
**2021/22**
Funds
Fund
Fund
£
£
**£**
**£**
895
-
-
895
1,148
-
-
-
-
213
**Restricted**|
|---|---|
||**895**
**-**
**-**
**895**
**1,361**|
## **9. CREDITORS AND ACCRUALS AMOUNTS FALLING DUE WITHIN ONE YEAR**
|R&S Mitchell
Independent Examiner's Fee|**TOTAL**
**TOTAL**
Unrestricted
MBPTC
Passion
**2022/23**
**2021/22**
Funds
Fund
Fund
£
£
**£**
**£**
5,839
-
-
5,839
-
840
-
-
840
810
**Restricted**|
|---|---|
||**6,679**
**-**
**-**
**6,679**
**810**|
This page does not form part of the statutory financial statements
15
## **2MT**
## **(MITCHELL MINISTRIES) NOTES TO THE ACCOUNTS (continued) FOR THE YEAR ENDED 31ST MARCH 2023**
## **10. CREDITORS AND ACCRUALS AMOUNTS FALLING DUE IN MORE THAN ONE YEAR**
The Charity held no long term liabilities during this or the previous financial period.
## **11. ANALYSIS OF STAFF COSTS, TRUSTEE REMUNERATION AND EXPENSES AND THE COST OF KEY MANAGEMENT PERSONNEL**
The charity has no direct employees, but the charitable work is carried out by self employed people who invoice the charity accordingly. Fees totalling £32,200 were paid during the year (2021/22 £26,894).
Self employed sessional workers who were engaged in each of the following activities:
||**TOTAL**||**TOTAL**||
|---|---|---|---|---|
||**2022/23**||**2021/22**||
|Activities in furtherance of organisation's objects||3||3|
The key management personnel of the charity comprise the Trustees and the Consultants/Sessional Workers. The Trustees are not remunerated and consultancy fees of £32,200 (2021/22 £26,894) were paid to sessional workers during the year.
## **12. ANALYSIS OF NET ASSETS BETWEEN FUNDS**
|Tangible Fixed Assets
Net Current Assets
Long Term Liabilities
**TOTAL FUNDS**|**TOTAL**
**TOTAL**
Unrestricted
MBPTC
Passion
**2022/23**
**2021/22**
Funds
Fund
Fund
£
£
**£**
**£**
-
-
-
-
-
30,012
48,785
5,441
84,237
68,703
-
-
-
-
-
**Restricted**|
|---|---|
||**30,012**
**48,785**
**5,441**
**84,237**
**68,703**|
## **13. PAYMENTS TO TRUSTEES AND RELATED PARTY TRANSACTIONS**
No payments were made to trustees or any persons connected with them during this financial period. No material transaction took place between the organisation and a trustee or any person connected with them. 31st Mar 2022 : None
## **14. RISK ASSESSMENT**
The Trustees actively review the major risks which the charity faces on a regular basis and believe that maintaining the free reserves stated combined with the annual review of the controls over key financial systems carried out on an annual basis will provide sufficient resources in the event of adverse conditions. The Trustees have also examined other operational and business risks which they face and confirm that they have established systems to mitigate the significant risks.
## **15. RESERVES POLICY**
The Trustees have considered the level of reserves they wish to retain, appropriate to the charity's needs. This is based on the charity's size and the level of financial commitments held. The Trustees aim to ensure the charity will be able to continue to fulfil its charitable objectives even if there is a temporary shortfall in income or unexpected expenditure. The trustees will endeavour not to set aside funds unnecessarily.
## **16. PUBLIC BENEFIT**
The Charity acknowledges its requirement to demonstrate clearly that it must have charitable purposes or ‘aims’ that are for the public benefit. Details of how the charity has achieved this are provided in the Trustees report. The Trustees confirm that they have paid due regard to the Charity Commission guidance on public benefit before deciding what activities the charity should undertake.
This page does not form part of the statutory financial statements
16