Trustees’ Annual Report for the period
From 05/04/2023 Period start date To 04/04/2024 Period end date
Charity name: The Moshulu Charitable Trust
Charity registration number: 1071479
Objectives and Activities
| Objectives and Activities | Objectives and Activities | 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. |
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| 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. |
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| 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 we 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 |
| Para 1.38 | |
| Contribution made by | |
| volunteers |
| 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 The charity continued to provide help and resources for those engaged in evangelical or humanitarian work. Summary of the main Para 1.20 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.
Additional information (optional) You may choose to include further statements where relevant about:
| Additional information (optional) You may choose to include further statements where relevant about: |
Additional information (optional) You may choose to include further statements where relevant about: |
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 deficit of £132,842 existed at 04/04/2024. |
| 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 amounted to £136,991 at 04/04/2024 |
| Reasons for holding zero reserves |
Para 1.22 | N/A |
| Details of funds 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:
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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
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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:
| Additional information (optional) You may choose to include further statements where relevant about: |
Additional information (optional) You may choose to include further statements where relevant about: |
Additional information (optional) You may choose to include further statements where relevant about: |
|---|---|---|
| Policies and procedures adopted for the induction and training of trustees |
Para 1.51 | |
| The charity’s organisational structure and any wider network with which the charity works |
Para 1.51 | |
| Relationship with any related parties |
Para 1.51 | |
| Other |
Reference and Administrative details
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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
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Names of the charity trustees who manage the charity
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Dates acted if not for whole Name of person (or body) entitled
Trustee name Office (if any)
year to appoint trustee (if any)
1 Mr H J Fulls Trustee Resolution
2 Mr D M Fulls Trustee Resolution
3 Mr N Fulls Trustee Resolution
4 Mr S M Fulls Trustee Resolution
5 Mr G F Symons Trustee Resolution
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– 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)
Type of Name Address adviser
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 1071479 Receipts and payments accounts CC16a For the period 05/04/2023 04/04/2024 To from
Section A Receipts and payments Unrestricted Restricted Endowment Total funds Last year funds funds funds to the nearest to the nearest £ to the nearest £ to the nearest £ to the nearest £ £ A1 Receipts Donations received 50,960 - - 50,960 298,940 Bank interest received 328 - - 328 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - Sub total (Gross income for 51,288 - - 51,288 298,940 == AR) = = A2 Asset and investment sales, (see table). - - - - - - - - - Sub total - Total receipts 51,288 - - 51,288 298,940 —S5S ~~5—~~ A3 Payments Charitable activities 183,690 - - 183,690 173,024 Governance costs 440 - - 440 420 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - Sub total [ 184,130 ] - - 184,130 173,444 ======= A4 Asset and investment purchases, (see table) - - - - - - - - Sub total [ - ] - - - - ~~=~~ Total payments 184,130 - - 184,130 173,444 Net of receipts/(payments) - 132,842 - - - 132,842 125,496 A5 Transfers between funds - - - - - A6 Cash funds last year end 269,833 - - 269,833 144,337 Cash funds this year end ——— 136,991 - - 136,991 ~~—~~ — 269,833
CCXX R1 accounts (SS)
18/07/2024
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 |
Signature Details Details Cash at bank and in hand Details Details Total cash funds (agree balances with receipts and payments account(s)) Details |
Unrestricted funds Restricted funds to nearest £ to nearest £ 136,991 - - - - - 136,991 - OK OK Unrestricted funds Restricted funds to nearest £ to nearest £ - - - - - - - - - - - - Fund to which asset belongs Cost (optional) - - - - - Fund to which asset belongs Cost (optional) - - - - - - - - - Fund to which liability relates Amount due (optional) - - - - - Print Name |
Endowment funds to nearest £ - - - |
|---|---|---|---|
| - | |||
| OK | |||
| Endowment funds to nearest £ - - - - - - Current value (optional) - - - - - Current value (optional) - - - - - - - - - When due (optional) Date of approval |
CCXX R2 accounts (SS)
18/07/2024
2
Independent examiner's report on the accounts
Section A Independent Examiner’s Report
Report to the trustees/ members of
Charity Name
The Moshulu Charitable Trust
04 April 2024
On accounts for the year ended Charity no (if any)
1071479
Set out on pages
(remember to include the page numbers of additional sheets)
Responsibilities and basis of report
I report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the year ended DD / MM / YYYY .
As the charity trustees of the Trust, you are responsible for the preparation of the accounts in accordance with the requirements of 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 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 (other than that disclosed below *) in connection with the examination which gives me cause to believe that in, any material respect:
-
accounting records were not kept in accordance with section 130 of the Act or
-
the accounts do not accord with the accounting records
I have no concerns and have come across no other matters in connection with the examination to which 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: Date: Name:
Jonathan Westley
Relevant professional qualification(s) or body (if any):
October 2018
1
IER
FCA Chartered Accountant Partner in Thompson Jenner LLP
Address:
1 Colleton Crescent
Exeter, Devon
EX2 4DG
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 brief details of any items that the examiner wishes to disclose .
October 2018
2
IER