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2023-04-04-accounts

Trustees’ Annual Report for the period

From: 05/04/2022 Period start date To: 04/04/2023

Period end date

Charity name: The Moshulu Charitable Trust

Charity registration number: 1071479

Objectives and Activities

SORP reference
Summary of the purposes of
the charity as set out in its
governing document		 Para 1.17 The charity exists to provide help and
resources for those engaged in
evangelical or humanitarian work. It is
administered by the trustees.
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		 To provide grants to individuals and
organisations for general charitable
purposes at the discretion of the trustees.
Statement confirming
whether the trustees have
had regard to the guidance
issued by the Charity
Commission on public
benefit		 Para 1.18 We confirm that we are aware of the public
benefit guidance, that we would take it into
account if making a decision to which the
guidance is relevant and if should decide to
depart from the guidance, that we would
have had a good reason for doing so.

Additional information (optional) You may choose to include further statements where relevant about:

SORP reference
Policy on grant making Para 1.38
Policy on social investment
including program related
investment		 Para 1.38
Contribution made by
volunteers		 Para 1.38
Other The trustees consider making modest
grants where funds are available and when
needs have been identified
Funds are held in interest bearing bank
accounts for flexibility and
security.

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 The charity continued to provide help and
resources for those engaged in
evangelical or humanitarian work.

Additional information (optional) You may choose to include further statements where relevant about:

Achievements against
objectives set		 Para 1.41
Performance of fundraising
activities against objectives
set		 Para 1.41
Investment performance
against objectives		 Para 1.41
Other

Financial Review

Financial Review
Review of the charity’s
financial position at the end
of the period		 Para 1.21 A surplus of £125,496 was achieved as at
4 April 2023.
Statement explaining the
policy for holding reserves
stating why they are held		 Para 1.22 The trustees review the level of resources
required on a continual basis.
Amount of reserves held Para 1.22 Cash funds amount to £269,833 as at 4
April 2023.
Reasons for holding zero
reserves		 Para 1.22 N/A
Details of fund materially in
deficit		 Para 1.24 N/A
Explanation of any
uncertainties about the
charity continuing as a going
concern		 Para 1.23 N/A

Additional information (optional)

You may choose to include further statements where relevant about:

The charity’s principal sources of funds (including Para 1.47 any fundraising) Investment policy and objectives including any Para 1.46 social investment policy adopted A description of the principal Para 1.46 risks facing the charity Other

Structure, Governance and Management

Description of charity’s
trusts:
Type of governing document
(trust deed, royal charter)		 Para 1.25 Trust Deed dated 31 March 1995.
How is the charity
constituted?
(e.g unincorporated
association, CIO)		 Para 1.25 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 All trustees are appointed by the existing
trustees as a body.

Additional information (optional)

You may choose to include further statements where relevant about:

Policies and procedures adopted for the induction Para 1.51 and training of trustees The charity’s organisational structure and any wider Para 1.51 network with which the charity works Relationship with any related Para 1.51 parties Other

Reference and Administrative details

Charity name The Moshulu Charitable Trust
Other name the charity uses
Registered charity number 1071479
Charity’s principal address Devonshire Road, Heathpark, Honiton, Devon, EX14 1SD

Names of the charity trustees who manage the charity

1
2
3
4
5
6
7
8
9
10
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13
14
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16
17
18
19
20		 Trustee name Office (if any) Dates acted if not for whole
year		 Name of person (or body) entitled
to appoint trustee(if any)
Mr H J Fulls Trustee Resolution
Mr D M Fulls Trustee Resolution
Mr N Fulls Trustee Resolution
Mr S M Fulls Trustee Resolution
Mr G F Symons Trustee Resolution

– Corporate trustees names of the directors at the date the report was approved

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 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

Additional information (optional)

Names and addresses of advisers (Optional information)

Names and addresses of advisers (Optional information) Names and addresses of advisers (Optional information) Names and addresses of advisers (Optional information)
Type of
adviser
Name
Address
Name of chief executive or names of senior staff members (Optional information)

Exemptions from disclosure

Reason for non-disclosure of key personnel details

Other optional information

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)
Position (eg Secretary,
Chair, etc)
Date
Neal Fulls


Chair
The Moshulu Charitable Trust The Moshulu Charitable Trust The Moshulu Charitable Trust 1071479
Receipts andpayments accounts
For the period
from		 05/04/2022 To 04/04/2023

CC16a

Section A Receipts and payments Section A Receipts and payments Section A Receipts and payments
A1 Receipts Unrestricted
funds
to the nearest £		 Restricted
funds
to the nearest £		 Endowment
funds
to the nearest £		 Total funds
to the nearest £		 Last year
to the nearest £
Donations received 298,940 - - 298,940 149,902
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
Sub total(Gross income for
AR)		 298,940 - - 298,940 149,902
A2 Asset and investment sales,
(see table).
-
- -
Sub total - -
Total receipts
A3 Payments
149,902
Charitable activities 173,024 88,075
Governance costs 420 840
- -
- -
- -
- -
- -
- -
- -
**Sub total ** 173,444 88,915
A4 Asset and investment
purchases, (see table)
-
-
**Sub total ** - -
Total payments
Net of receipts/(payments)
A5 Transfers between funds
A6 Cash funds last year end
Cash funds this year end
88,915
125,496 125,496 60,987
- - -
144,337 144,337 83,350
269,833 269,833 144,337

CCXX R1 accounts (SS)

19/06/2023

1

Section B Statement of assets and liabilities at the end of the period

Categories
Signed by one or two trustees on
behalf of all the trustees
B1 Cash funds
B2 Other monetary assets
B4 Assets retained for the
charity’s own use
B5 Liabilities
B3 Investment assets		 Cash at bank and in hand
Details
Details
Total cash funds
(agree balances with receipts and payments
account(s))
Details		 Cash at bank and in hand
Details
Details
Total cash funds
(agree balances with receipts and payments
account(s))
Details		 Unrestricted
funds
to nearest £
269,833
-
-
269,833
OK
Unrestricted
funds
to nearest £
-
-
-
-
-
-
Fund to which
asset belongs		 Unrestricted
funds
to nearest £
269,833
-
-
269,833
OK
Unrestricted
funds
to nearest £
-
-
-
-
-
-
Fund to which
asset belongs		 Restricted
funds
to nearest £
-
-
-
-
OK
Restricted
funds
to nearest £
-
-
-
-
-
-
Cost (optional)		 Restricted
funds
to nearest £
-
-
-
-
OK
Restricted
funds
to nearest £
-
-
-
-
-
-
Cost (optional)		 Endowment
funds
to nearest £
-
-
-
-
OK
Endowment
funds
to nearest £
-
-
-
-
-
-
Current value
(optional)
- -
- -
- -
- -
- -
Details Fund to which
asset belongs		 Cost (optional) Current value
(optional)
- -
- -
- -
- -
- -
- -
- -
- -
- -
Details Fund to which
liability relates		 Amount due
(optional)		 When due
(optional)
-
-
-
-
-
Signature
Neal Fulls		 Print Name
N Fulls
Date of
approval
Neal Fulls N Fulls

CCXX R2 accounts (SS)

19/06/2023

2

Independent examiner's report on the accounts

Section A Independent Examiner’s Report

Report to the trustees/ Charity Name The Moshulu Charitable Trust members of

On accounts for the year 4 April 2023 ended Set out on pages 1 to 2

Charity no 1071479 (if any) (remember to include the page numbers of additional sheets)

I report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the year ended 04 / 04 / 2023.

Responsibilities and As the charity trustees, you are responsible for the preparation of the basis of report accounts in accordance with the Charities Act 2011 (“the Act”).

I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner's statement

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination which gives me cause to believe that in, any material respect,:

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Signed: Date: Name: Jonathan Westley Relevant professional FCA qualification(s) or body Chartered Accountant (if any): Partner in Thompson Jenner LLP Address: 1 Colleton Crescent Exeter, Devon EX2 4DG

October 2018

IER

1

Section B Disclosure

Only complete if the examiner needs to highlight matters of concern (see CC32, Independent examination of charity accounts: directions and guidance for examiners).

Give here details of any items that the examiner wishes to disclose .

October 2018

IER

2