OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2025-03-31-accounts

ANNUAL REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2025

(MITCHELL MINISTRIES) 2MT

CHARITY REGISTRATION NUMBER 1069653

Independent Examiners Ltd The Grain Store Hills Barn Appledram Lane South Chichester PO20 7EG

MITCHELL MINISTRIES (2MT)

CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025

----- Start of picture text -----
Page
Legal and Administrative Information 3
Trustees' Report 4 to 7
Independent Examiner's Report on the Accounts 8
Statement of Financial Activities 9
Balance Sheet 10
Notes to the Accounts 11 to 19
----- End of picture text -----

MITCHELL MINISTRIES (2MT)

LEGAL AND ADMINISTRATIVE INFORMATION

CHARITY NUMBER

1069653

WORKING NAMES

Mitchell Ministries Passion 2MT MBPTC

START OF FINANCIAL YEAR 01 April 2024 END OF FINANCIAL YEAR 31 March 2025

TRUSTEES AT 31 MARCH 2025 Mr Jonathan Prestwich Mrs Angela Jane Prestwich Dr Michael Winter Mrs Abigail Winter Mrs Sharon Michelle Dobson Resigned 22nd October 2024 Angela Margaret Young JP

The existing trustees appoint any new trustees following the provisions laid out in the Charity's governing instrument.

GOVERNING INSTRUMENT

LEGAL STATUS

Declaration of Trust dated 28 February 1997 as varied by Deeds dated 23 December 1998 and 28 January 2000 and 14 May 2011.

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 The Grain Store Hills Barn Appledram Lane South Chichester PO20 7EG

3

MITCHELL MINISTRIES (2MT)

TRUSTEES' REPORT FOR THE YEAR ENDED 31ST MARCH 2025

Charity Name: Mitchell Ministries (2MT) Charity registration number: 1069653

1. People and purposes

The Mitchell Ministries charity is overseen by the trustees, Angela Young, Angela Prestwich, Jonathan Prestwich, Abby Winter and Mike Winter who continues as chair. Sharon Dobson stepped down this year after long and faithful service. 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 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 Francis Scott Trust, we added a further part-time Youth Community Commissioners worker to our team of self-employed part-time development workers Phil Sykes and Ally Mackenzie and began the third and final round of the Commission in the summer of 2024. 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 along with Angela Young, our local trustee.

b) Academic engagement

Roger remains a faculty member of the Westminster Theological Centre and taught his bi-annual course on Peace, Reconciliation and the Politics of Jesus in preparation from January to March 2025. 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. 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. We published Volume 7 in May 2025.

c) Theological research

Roger and Sue continue to facilitate the Ashburnham Kingdom Theology Research Collective working in partnership with Ashburnham Christian Trust and held successful two-day theology digs, one in Silverdale in June 2024 and another in November 2024 at Ashburnham Place. Roger presented a paper on Prayer: Spiritual Warfare or Kenotic Alignment at The Society for the Study of Theology annual conference at Warwick University in April 2024 and subsequently published an extended version of it in The Kenarchy Journal Volume 7. He was also invited to review Gary Chartier’s book Christianity and the Nation-State that was published by Oxford University Press in November 2024.

d) Writing

Roger continued to promote the first of his novels, “The Day of the Labyrinth: The Blind Seer and the Gift of Love”, holding further launch events in Leeds April 24[th] , Coventry July 23[rd] , London September 12[th] , and Edinburgh 25[th] -26[th] 2025. Work on the second book, with the working title “The Love Crusade” was halfway through by the end of the year.

e) Continuing work towards deep structural social transition

Alongside our work in facilitating MBPTC we continued with ongoing relationship building and mutual support for the social body locally in partnership with Julie Tomlin of SHED. Sue, Roger and Julie have continued with the “Learning Journey” and key relationships have begun to emerge that will take this forward more strongly in the coming year.

f) Sue Mitchell Coaching

Sue continues to develop and use her expertise in Positive Psychology to resource our ongoing individual and organisational coaching, with a core of clients both on-line and face-to-face both locally and nationally, and she has continued her long-term coaching engagement with the senior staff team at Ashburnham Christian Trust.

4

MITCHELL MINISTRIES (2MT)

TRUSTEES' REPORT (Continued) FOR THE YEAR ENDED 31ST MARCH 2025

g) 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 from London, Canada, The USA, Leeds, Coventry and Africa. In April 2024, we hosted a meeting of the Tribe, a group of like-minded leaders and activists from across the UK and wider Europe with whom we have been working for many years. The friary office, research and writing facilities continued busily and we hosted many online events both locally, nationally and internationally. This is often by making the facilities and hosting available on a gift basis, the costs being met both by donations from some of those benefitting, or by the ongoing generous contributions of 2MT’s supporters.

h) Other UK connections

We continued our support and involvement with Liberty International. Roger continues as an Interprayer partner and chair of their UK trust, which Sue continues to administrate. Roger has agreed to continue as a trustee of Ashburnham Christian Trust for the next three years, having ceased to be chair in September 2024. He has continued with virtual and actual meetings to fulfil past relationships and begin new ones to promote the Journal and his novel. He continues to advise Simon Jones, a Wales based contemplative neo-monastic prayer leader, and joined him in a strategic gathering at St Saerans in September. Roger also undertook a three-day pilgrimage to St Davids in November researching for his second novel. Sue continued to work closely with the international initiative for hosting and harvesting meaningful conversations and shared in an Art of Hosting event in Leeds in September.

i) Administration

Sue Mitchell, assisted by co-director Roger Mitchell undertakes 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.

j) International work

We continued to connect virtually with Martin & Gayle Scott in Spain, Sam Cooper and Michael Lafleur in Canada and Sam and Michelle Rhein of France and French Canada as well as with our other strategic friends in wider Europe. Alongside regular zoom connection, we hosted an international gathering in Silverdale in April 2024.

k) Social Networking

Roger continues to develop his social networking connections. He has increased his presence on Facebook and his connections through LinkedIn and posts from time to time on his blog www.rogerhaydonmitchell.wordpress.com, Research Gate at Lancaster University and his Academia site under the auspices of The Westminster Theological Centre, all of which get a constant flow of traffic. He decreased his engagement with Twitter because of its increasing toxicity since its colonisation by Elon Musk.

l) 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 faith or charitable ministries and trusts. This year we embarked on a joint venture drop-in centre in West Street Morecambe together with Lancaster CVS, Lancaster and Morecambe College and Stanley’s Youth Centre. Earmarked monies donated for charitable purposes via 2MT continue 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 receive both regular and one off financial support, and are extremely grateful for the grants we have received from SHED and a small band of faithful givers for the overall expenses of our 2MT work. We are also glad of the substantial investment of the national lottery and others to enable the specific work of MBPTC. 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.

5

MITCHELL MINISTRIES (2MT)

TRUSTEES' REPORT (Continued) FOR THE YEAR ENDED 31ST MARCH 2025

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 National Lottery and the Morecambe Bay Health and Wellbeing Partnership continued to provide significant funds for MBPTC, and SHED for our role in the wider work locally. The income for the year was £82,571.33 (2023/24 £58,554.62) and expenditure was £75,013.65 (2023/24 £78,313.74). Total funds carried forward are £7557.68 (2023/24 -£19,759.12).We continue 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 that takes initiative to establish what does not yet exist, are committed to never hoarding resources or building up excessive reserves.

Signed on behalf of the Trustees

6

MITCHELL MINISTRIES (2MT)

TRUSTEES' REPORT (Continued) FOR THE YEAR ENDED 31ST MARCH 2025

Responsibilities of Trustees

Charity law requires the Board of Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of its incoming resources and resources expended for the period. In preparing those financial statements, the Board of Trustees should follow best practice and are required to;

The Board of Trustees is responsible for maintaining proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 1993. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities and to provide reasonable assurance that:-

The systems of internal control are designed to provide reasonable but not absolute assurance against material misstatement or loss.

8th November 2025

Approved by the Trustees on….....................................

Signed on their behalf by Trustee …..............................

Printed Name: Michael Winter

7

MITCHELL MINISTRIES (2MT)

INDEPENDENT EXAMINER’S REPORT ON THE ACCOUNTS

FOR THE YEAR ENDED 31ST MARCH 2025

Report to the trustees/ members of MITCHELL MINISTRIES (2MT) on the accounts for the year ended 31st March 2025.

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 2022 (the Charities Act) and that an independent examination is needed.

It is my responsibility to:

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:

  2. to keep accounting records in accordance with section 130 of the Charities Act; and

  3. to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities Act

  4. have not been met; or

  5. 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 The Grain Store Hills Barn Appledram Lane South Chichester PO20 7EG Date: 10th November 2025

8

MITCHELL MINISTRIES (2MT)

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST MARCH 2025

Notes
INCOMING RESOURCES
Donations & Legacies
3a
Investment Income
3b
Charitable Activities
3c
Other Income
3d
TOTAL INCOMING RESOURCES
Costs of Charitable Activities
4a
Costs of Generating Funds
4b
NET INCOMING/(OUTGOING) RESOURCES
TOTAL FUNDS BROUGHT FORWARD
TOTAL FUNDS CARRIED FORWARD
NET MOVEMENT IN FUNDS
RESOURCES EXPENDED
TOTAL RESOURCES EXPENDED
TRANSFERS BETWEEN FUNDS		 Unrestricted
Restricted
Designated
Total
Total
Funds
Funds
Funds
2024/25
2023/24
£
£
£
£
30,214
-
48,330
78,544
48,705
-
-
197
197
141
1,463
-
-
1,463
2,354
2,367
-
-
2,367
7,355
34,044
-
48,527
82,571
58,555
27,896
-
46,103
73,999
71,118
1,897
-
-
1,897
7,196
29,793
-
46,103
75,896
78,314
4,251
-
2,424
6,676
(19,759)
-
-
-
-
-
4,251
-
2,424
6,676
(19,759)
33,735
369
30,374
64,478
84,237
37,986
369
32,799
71,154
64,478

All of the Charity's operations are classed as continuing operations.

The notes form part of these financial statements, found on pages:-

11 to 19

9

MITCHELL MINISTRIES (2MT)

BALANCE SHEET

AS AT 31 MARCH 2025

Unrestricted Restricted Total Total
Fund Funds 31-Mar-25 31-Mar-24
£ £ £
Fixed Assets Notes
Tangible Assets 2 555 - 555 -
Investment Assets 7 - - - -
555 - 555 -
Current Assets
Debtors & Prepayments 10 628 - 628 756
Stocks 9 400 - 400 1,200
Cash at bank and in hand 8 76,738 369 77,107 69,881
Total Current Assets 77,766 369 78,135 71,836
Creditors:due within one year 11 7,536 - 7,536 7,358
NET CURRENT ASSETS 70,230 369 70,599 64,478
TOTAL ASSETSless current liabilities 70,785 369 71,154 64,478
Creditors:due in more than one year 12 - - - -
NET ASSETS 70,785 369 71,154 64,478
FUNDS OF THE CHARITY
General Funds 37,986 - 37,986 33,735
Restricted funds 5 - 369 369 369
Designated Funds 6 32,799 - 32,799 30,374
-
TOTAL FUNDS 70,785 369 71,154 64,478

8th November 2025 Approved by the Trustees on the….................................................................................................................. Signed on their behalf by Trustee....................................................................................................................

Michael Winter Print Name:…............................................................

10

MITCHELL MINISTRIES (2MT)

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST MARCH 2025

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 2022.

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:

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 gift to which they relate.

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 Report of the Trustees.

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.

11

MITCHELL MINISTRIES (2MT)

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST MARCH 2025

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:

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.

12

MITCHELL MINISTRIES (2MT)

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST MARCH 2025

2. TANGIBLE FIXED ASSETS

Additions
At 31 March 2025
Net Book Value
At 31 March 2025
At 31 March 2024
At 31 March 2025
Accumulated Depreciation
At 1 April 2024
Charge for the Year
Cost
At 1 April 2024		 General
Equipment
2024/25
£
£
11,250
11,250
555
555
11,805
11,805
11,250
11,250
-
-
11,250
11,250
555
555
-
-

The annual commitments under non-cancelling operating leases and capital commitments are as follows:

31st March 2025 : None 31st March 2024 : None

13

MITCHELL MINISTRIES (2MT)

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST MARCH 2025

3. INCOMING RESOURCES

3. INCOMING RESOURCES
Note
c) Incoming from Charitable Activities
d) Income from church activities
Contributions to Publishing
Sales (Primary Purpose Trading)
Postage received
Contribution to Expenses
Regular Giving
b) Investment Income
Interest Received
a) Donations & Legacies
Friary Guests Donations
Funding Income
Ministry Giving
Tax Recovered
Voluntary Giving		 Unrestricted
Restricted
Designated
Total
Total
Funds
Funds
Funds
2024/25
2023/24
£
£
£
£
1,805
-
-
1,805
1,745
17,500
-
48,330
65,830
33,510
7,001
-
-
7,001
9,434
1,800
-
-
1,800
1,860
628
-
-
628
756
1,480
-
-
1,480
1,400
30,214
-
48,330
78,544
48,705
-
-
197
197
141
-
-
197
197
141
1,463
-
-
1,463
2,348
-
-
-
-
6
-
-
-
-
-
1,463
-
-
1,463
2,354
2,281
-
-
2,281
5,610
-
-
-
-
1,744
2,367
-
-
2,367
7,355

14

MITCHELL MINISTRIES (2MT)

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31ST MARCH 2025

4. RESOURCES EXPENDED

Note
Travel & Subsistence
West End Project
Room Hire
Sessional Workers Fees
Sundry Expenses
Telephone Costs
Training Costs
University Study
Governance costs:-
Film & Media Production Costs
Gifts & Donations
Hospitality Costs
Internet Expenses
Licences & Subscriptions
Printing, Postage & Stationery
Household Maintenance
Household Purchases
Household Utility Costs
Household Legal/Insurance
Equipment and Computer Costs
Event expenses
Friary Expenses:
Catering Costs
a) Charitable Activities:-
Accommodation Costs
Conference Costs
Passion Earmarked Funds
Independent Examiner's Fees
Bank and Card Charges
Insurance Costs
b) Cost of Generating Funds
Costs of Publishing
Discounts Taken
Merchandise Purchase		 Unrestricted
Restricted
Designated
Total
Total
Funds
Funds
Funds
2024/25
2023/24
£
£
£
£
1,411
-
-
1,411
1,924
272
-
95
367
767
1,043
-
8
1,052
1,559
-
-
335
335
-
4,979
-
-
4,979
2,765
1,753
-
-
1,753
5,385
269
-
-
269
408
4,426
-
-
4,426
4,832
808
-
-
808
789
-
-
-
-
40
576
-
1,629
2,205
3,721
1,000
-
266
1,266
882
595
-
-
595
496
232
-
253
486
532
-
-
304
304
597
300
-
29,570
29,870
30,190
278
-
-
278
82
673
-
156
829
782
643
-
488
1,130
902
6,616
-
634
7,251
12,210
174
-
-
174
432
-
-
12,133
12,133
-
930
-
193
1,123
882
110
-
38
148
153
808
-
-
808
789
27,896
-
46,103
73,999
71,118
423
-
-
423
425
-
-
-
-
(120)
-
-
-
-
610
1,474
-
-
1,474
1,209
-
-
-
-
5,072
1,897
-
-
1,897
7,196

15

MITCHELL MINISTRIES (2MT)

NOTES TO THE ACCOUNTS (continued) FOR THE YEAR ENDED 31ST MARCH 2025

5. RESTRICTED FUNDS

CURRENT FINANCIAL YEAR

PREVIOUS FINANCIAL YEAR
Total Rest. Funds
Passion Earmarked Funds
Morecambe Bay Poverty Truth
Commission
Total Rest. Funds
Morecambe Bay Poverty Truth
Commission
Passion Earmarked Funds		 Balance
Unrealised
Balance
01-Apr-24
Income
Expenditure
Gain/Loss
Transfer
31-Mar-25
£
£
£
£
£
£
369
-
-
-
-
369
-
-
-
-
-
-
369
-
-
-
-
369
Balance
Unrealised
01-Apr-23
Income
Expenditure
Gain/Loss
Transfer
31-Mar-24
£
£
£
£
£
£
5,441
-
(5,072)
-
-
369
48,785
-
-
-
(48,785)
-
54,226
-
(5,072)
-
(48,785)
369

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 are wholly represented by the Charity's cash reserves and are to be expended as specified above.

16

MITCHELL MINISTRIES (2MT)

NOTES TO THE ACCOUNTS (continued) FOR THE YEAR ENDED 31ST MARCH 2025

6. DESIGNATED FUNDS

CURRENT FINANCIAL YEAR

Total Unrestricted (Incl. Designated
Funds)
Total Designated Funds
General Funds		 Balance
Unrealised
Balance
01-Apr-24
Income
Expenditure
Gain/Loss
Transfer
31-Mar-25
£
£
£
£
£
£
30,374
48,527
(46,103)
-
-
32,799
33,735
34,044
(29,793)
-
-
37,986
64,109
82,571
(75,896)
-
-
70,785

PREVIOUS FINANCIAL YEAR

Total Designated Funds
General Funds
Total Unrestricted (Incl. Designated
Funds)
Morecambe Bay Poverty Truth		 Balance
Unrealised
01-Apr-23
Income
Expenditure
Gain/Loss
Transfer
31-Mar-24
£
£
£
£
£
-
19,101
(37,512)
-
48,785
30,374
-
19,101
(37,512)
-
48,785
30,374
30,012
39,453
(35,730)
-
-
33,735
30,012
58,555
(73,242)
-
48,785
64,109

Morecambe Bay Poverty Truth Commission Fund

The Designated 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.

17

MITCHELL MINISTRIES (2MT)

NOTES TO THE ACCOUNTS (continued) FOR THE YEAR ENDED 31ST MARCH 2025

7. INVESTMENTS

The Charity held no investment assets during this or the previous financial period.

8. CASH AT BANK AND IN HAND

Additions
9. STOCKS
At 1 April 2024
Disposals Gain/ (Loss)
At 31 March 2025
PASSION STOCKS
Passion General Account
Passion 2 Account
2MT Bank Account
2MT Petty Cash
Barclaycard
Euro Cash Reserve
MBPTC Bank Account
MBPTC Savings Account
MBPTC Petty Cash		 Unrestricted
Restricted
Designated
Total
Total
Funds
Funds
Funds
31-Mar-25
31-Mar-24
£
£
£
£
11,225
-
-
11,225
11,586
369
-
-
369
369
31,500
-
-
31,500
26,821
801
-
-
801
726
(2,420)
-
2,424
4
4
(2,899)
369
30,374
27,844
17,440
4,848
-
-
4,848
12,950
106
-
-
106
(16)
409
-
-
409
-
43,939
369
32,799
77,107
69,881
Unrestricted
Restricted
Designated
Total
Total
Funds
Funds
Funds
31-Mar-25
31-Mar-24
£
£
£
£
1,200
-
-
1,200
580
-
-
-
-
620
(800)
-
-
(800)
-
400
-
-
400
1,200

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.

10. DEBTORS AND PREPAYMENTS

10. DEBTORS AND PREPAYMENTS
Unrestricted Restricted Designated Total Total
Funds Funds Funds 31-Mar-25 31-Mar-24
£ £ £ £
Gift Aid Tax Recoverable 628 - - 628 756
628 - - 628 756
11. CREDITORS AND ACCRUALS AMOUNTS FALLING DUE WITHIN ONE YEAR
Unrestricted Restricted Designated Total Total
Funds Funds Funds 31-Mar-25 31-Mar-24
£ £ £ £
R&S Mitchell 6,606 - - 6,606 6,476
Independent Examiner's Fee 930 - - 930 882
7,536 - - 7,536 7,358

12. 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.

18

MITCHELL MINISTRIES (2MT)

NOTES TO THE ACCOUNTS (continued) FOR THE YEAR ENDED 31ST MARCH 2025

13. 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 £29,870 were paid during the year (2024/25 £30,190).

Self employed sessional workers who were engaged in each of the following activities:

Activities in furtherance of organisation's objects TOTAL
2024/25
£
3
3		 TOTAL
2023/24
£
3
3

14. TRUSTEES AND OTHER RELATED PARTIES

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.

(2023/24- None)

15. ANALYSIS OF NET ASSETS BETWEEN FUNDS

Tangible Fixed Assets
Net Current Assets
Long Term Liabilities
TOTAL FUNDS		 TOTAL
TOTAL
Unrestricted
Restricted
Designated
2024/25
2023/24
Funds
Funds
Funds
£
£
£
£
555
-
-
555
-
37,431
369
32,799
70,599
64,478
-
-
-
-
-
37,986
369
32,799
71,154
64,478

16. 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.

17. 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.

18. 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.

19