REGISTERED COMPANY NUMBER.. 04121424 (EiiglHnd aiid Ivales) RFGISTERED CHARITY NUMBEI R: 1084326 RECEIVED Z 5 SEP 2025 BY.. REPORT OF THE TRUSTEES AND DJTED FJNANCIAL STATEMENTS FOR THE YEAR ENDKD JI DECEMBER 2 BISHOP hlASCALL CENTRE f%OUNDATION TIA LUDLOII, f¥IASCALL CENTRE D.R.E. & Co. (Aiidil) Litniled 7 LoiveF Brook Street 08w&%lry SYI 12HG BISHOP P4'lASCALL CLN'IRL VOUNDATION TIA LUDLOW MASCAI.I, CF.NTRF. ONTENTS OF THF. FI e.IAL STAI'EME FOII THF. YF.AR F.NDED 31 DECEMBER 2024 PAge Reporl of the Trustees I to 5 Indepeiideiit Exainliier's Rcport staletnent of Financial Activities B#l#iice Slieet Notes ID the Fin311cllll StAteinents 10 10 21 Detailtd Sthttinent of Fln8iicl&l Activities 22 to 23 BISHOP hlASCALL CENTRE FoUND￿Q TIA LUDLOIV N.IASCALL CENTRE REP RT F THE TRUST£F.S FOR THE YEAR ENDED JI DECEMBER 2024 The twslees who are also Ilire¢tors of the charity for tli6 piitposes of the CoiJip2£ i1ies Ac12006, present tlieir report willi tlie fiiiaiicial statements of the ¢harily for th¢ y¢ar ended 31 Deceniber 2024. Thc tn15t¢C5 have adopted thc provisions of A¢couiilinB diid RLPOrtiiig by Charitie5- Sl8l¢in¢Jil of Recoi))n)el￿ed Pr2¢tic¢ applicabl¢ to char&li¢s picpariiig th¢ir accounts iii accordance witli tlic Financial Reporlijig Staiidard applicable in tt)e UK and Republic of Irelaiid {FRS 1021 {effecliii¢ l January 20191. OBJECTIIIES AND ACTIVITIES Objectii'es #nd all￿5 Tlie Meinoraiiduiti aiid Articles of Association, Tegisiered on 4ih jan￿ary 2001, slioiv Ilie aiiiis of tjie Bisliop Mascall Ceiilre Foundalioji (BMCF) as 'to advaiice Ili¢ educalioii of ilie publiG aiid proiiiolc Ihc piincipl¢s of tlic aiutcli of The BMCF is therefoie ali educaiional charity with a broad ren)it, which cxists for the beiiefit of Ilie eoii¥iiunity of Ludloiv atth surrounding districts. The clmrity n￿S die Ludloiv Maseau Ceiiite {"the LMC") and is also a etsmpany liniTted by guarantee. In sclliijg objectives planiiing aclivilie4 the Tn)slees liave given carcftil coi)5Lderation lo the Cli&rity Conimi5SiOII'S general giiidilnce on yubliL beiiefil. MF55iOn Stateiiient The LMC is a iiiiiqiie place in Tur&1 South Sh￿p$ll1[¢ iv12ere all ale welcoTrie.' we provide se￿iCeS for people of all 28eS lo learn, aiid erealeopportuÈJilies for conin)unity life to flourish. The LMC aiit)s to be &ffotdabl¢ and acc¢ssible lo #ll. Tlie policies adopted in order to fiiithei. Iliose obje¢is Iiav¢ beeii lo I￿aXiMIse tlie use of Ihe Ccntre PTovidiIig aceon)n)odaiioii foT clrtuch and e011￿l￿nity events of an educalional nalui'e. It is policy lo balaiice use by orgaiiisatioiis rtliertijg die educalioji of Iliose under twenty five and Iliose pronioiing educaiiott ainong adults in a broad area. Froin tiiiic to litLl< in order to maxiii)ise Ilie incoine available lo furtjier the objects of ilie Cliarlty, tkOtJ*ducaliottal eveijts orgaiJis¢d by oulstde orgaiiisalions lake place at t]ie Ceiilrc. li) addilioii, the Centtc itself lias PToIMoled eveijfs of ali ediicalioiial iiature. Page BISHOP I¥.IASCALL CENTRE FOUNDATION TIAL DLOI ' MASCALL CLN'fiiE REpnRT QF THE TRU TEES EQR THE_YEAR ENDED 31 DECEf+lBER 20 ACHIEVENIENTS AND PERFORTr.IANCE Dlrectoi s Report 2024 has been a quieter year ivith an occupancy in the accommodatinn of 48Q/,. 893 gri)ups ￿8¢d the Cct)Irc of wliicli 85 Ivere iiEw users. Coiii3%elltng and C.o-workiAg have becii our growtli area wltli 1160 hours of counselling and 640 liours of Co-working. We were deeply saddened by the death of Paul Eward, itj September, Ivho had been a Trustee sin¢¢ 21)06. As pari of die continued maintenance of the biiildings the Nuisery was re-rooftd and a iieiv kitchejj ivas fittcd the s(udents uccon)modatEOn. The Trust signed a ftjrther 5 years contfdct iviih Keele University. We cotttinue io WO￿ ¢los¢ly with Insteps Dance School, Busy Bodies Child Care Cenire, Keele Univetsity, William Moore Chiropraelor and Aihena T&vertia. Chaii-niatt's Rei)ort 34nuAry 2024 3 iieiv counsellsng rooins Beck. Bourne, Ford finislied alld in u%e. FiiEt five weeks tolal income £1251.(10. Ford let on loiig-temi bagis. During 2023 Childrcji's Sejvices had 77 scssion5 at LMC at £54 per session. R¢vi¢wing ivh2& 1 is best use of SPHce foT them oiigoing. lii liglil of govemiiicnl iiicrease iii Nolioniil Livijig Wage as of April 2024 all sthff iwages revieived. Po811ive use of accoRiniodaÈioll de5Plte iiicoiporulioll of VA T iiiio prices tliereforc ive decided to absoth aiiy extra costs. Febi'iJ%hry 2024 Accoinii)odation upgrading lJ¢reased advertisiiig ainied at self-caleritig ITiaiket. UpgTaded ¢ourtyard addiiig funiitt]re. n￿¥ Updated photos oil K'ebsite uiid Ixx)king siteg. Monitor pricing and iiivestnient policy. D￿ectOr provided TTusiee5 with "Asset Plaijijing 2024-2027" paper desiK]ied for n)finageiMeiil of building5, fiiiances and workforce, Fvl81'cli 2024 Day lets busy. Diie lo changed ¢1￿U￿$14nces use of office spaees ejkipty a￿d reviewed. Sh¥opshirc Council workers using Play rooni. Wedding li¢er*¢e i'evieiv needed. Busy BodÉes Nuisery set for Inajor thAttges as Janics Boddey, curretitly 11124 iiagcr. Thow leaving. Director and Tnisiees considering providit)g a base at Ceiitre for neiv project of tiFnc limited youtli ¢ouns¢lliiig and training foi'paret]ts. Centre to receive an agreed iji&nageine)It fe& Agreed i)ot holes iji car paTk necd lo be repnir¢d Iirg¢iiily. As ot. 1st April iiicrea5e hiTC cha¥ge agi¢¢d for ¢t¢coiI)niodAlioti for statutory aiid biisinc5s users. Igv 2024 DireLior teported busy accotiiiiiodaliun with niixed advance and last Ininute bookings. Car paik r¢p#irs completed regr ￿ld Side. Page 2 BISHOP ￿.lAsCALL CENTRE FOUNDATION TIA L.￿L0 V hlASCALL CENTRE REPORT OF THE TR TEES FOR THE YEAR ENDED 31 DECEhlBER 2024 Work to Nursery roofiknore than expected e51ixiak at appri)x. £lO,O(X). Keelc sludeiil accommodaiioii ￿'t¢hell needs upwading . Director reported coijtinited collsislciitly go￿ Telationsliip and liiik5 wjih Keele statT. Discussiol￿ held willi local GP Dr Be￿lIa1)d re possibly increasing GP student numbets. Coiinselling t￿[11$ going well. Draft Re5011tce MaThigeinent Plan i¢vicwed as roiitiiie. July 2024 Treasurer reported tli¢ overall fJnan¢ial 8ilualion to be g¢J)d. Hoivever. Direc￿lS P.A. being absent due lo long temi 5LckJie5S, It ivas agreed that a p&rt-lin)e Ix>okkeeperwas Yequircd. Couiiselliiig co-lvorking roo￿￿ busy but main biiildin8 qllict. Marketing dis¢iissed. Septejnbei. 2024 We received the sad news ilTrat Paul Ewafd (our ChairJi)aii) Ihdd died oli 4111 Scpletiiber iri Htreford Hosyital. Oj'igitially joioiiig #s a represetjiative of Herefor(l Diocese Board of Finance in 2006, Paiil was our Chairniaii for 2 years. Thi5 is a ￿atIO55 to Ilic BoaTd in lenns of expcyiciice, legal 8dvice aiid loyalty. He will be sorely illissed. The Directoi and Chair attended his funeral represeiiliiig Ludlow Mascall Cetiire. lis yedes 'Visit Eii¥laiid Asstssiiient wds reputled as very good Ludlaw M3sLall Ceiilre a 4 Stsr GTOUP Acconiinodatioii rating. Sevcral eleinejits gained 5 slar rdling e g Cleanliness (a credit lo tlie cleaiiers) aiid H05Pitality and Friendlittess. Howev¢r. ihe report raised soJ)Je pertineiil questions which the Tnis￿S discussed and agreed shoiild be addressed. Octobei- 2024 Due lo serious illness and Iwspilalisalioji Jaines Wlieelcr our Treasiirer. Ivas unable to attend cunriit JiiceLing5 or prcscnl a Trasiir¢ls Report. Our AGM ivas due on Isi October but in the absence of a Treasurer it was Postponed due io unforeseen cir¢unistsllces. i ove1￿be1- 2024 The currail la¢k of a Trustee represenlalive was discussed with St Lautcnce's chuirh, Liidloiv. Direcior presented ihe situatioii re Battk Siateimeiit at)d tlie potertii&l inipact of Govermiieiil cliaiiges on our 2025 budget and n]iiniiig eosts. Director r¢porled a reduction iji the use of acconimodiitioii possibly due to weailier. Day leL8 ba¢k lo norjnal. November wos very busy in Co-workiii¥ aTMI Coiiiiselling rooiii5. Trustees ￿￿t with a poteiilial new r¢¢rllit lo tlie Board. It il'as felt stroiigly that slie li&d the ¢xperi¢Ji¢e need¢d and woiild fli in well. Diretlor ai)d aiair to olyicially iniFlte her to join Ilie Board. Sandie M Johllsoji Cliair of Board of Tn￿(¢¢% STRUCTURE, COVERVI ANCE AJI'D ￿.lANAGEr1￿ENT Govei'iiing docuiiieiits Tlie Bisliop Mascall Ceiilie fouiidaiioii is a coi)Ipaiiy limiied by guarai)tee land &lso a eliarityi wliicl) is governed by a Menioraiiduni and Articlcs of As50cialiot]. Rcgistcrcd on 4111 January 2001 thcsc sliow tlic objects of Ilie BMCF as advottcc Ilic tducalithii of Ilic Pliblic aTid i)roillolc ili¢ VTiiiciplcs ofilic Cliurcli of Eiiglaiid. The oiiginal endoiviiiail is now govenied by a charitable Bcheme ￿l￿1117g lo tlic property of wliich ihe Bisliop Mas¢all Ceiiire Foiiiidaiioii is the sole Intsiee. Page 3 BJSHOP ￿.[AsCALL CENTRK FOUNDATION TIA LUDLOII, MASCALL CENTRE REP RT F TIIE TRUSTEES FOR THE I'EAII p.NDF.D.3!.￿E￿mB STRUCTURE, GOVERNANCE AND MANAGEMENT Reci'ultmeiil and appoiaitnjent of iiew trustees Tlic niles pertaining ro Ihe roles of tlie TNstees are set out in Ilie Menioranduni and Aiiicle5 of Asso¢iation. Represetitatives are iioiminated by tlie DiocGse of Hereford, Ludlow TOWD Coiiii¢il aTIJ Shrapsliire County Coul￿]1. The RccloT of Liidlow 15 a Tnislee ex-0￿1Clo. Cutr¢ntly six ￿nher"i￿de￿)eDde1It Tn￿teeS are elected for a four year ten)). REFERENCE AND ADhlINISTRATIVE DETAILS Re¥15tered Coiiipan} Ihliinber 04121424 (England and Wales) Reglstei'ed Chgrity Nuiiiber 1084326 Rcglstei'ed offlet Loiver Galdeford Ludlow slirop511ire SY8 IRZ Ti'll5tee5 P A Eivard Solicitor (deceased 4.9.241 S Joliii%on MAEd J Wleeler L Giltiiis (res[￿led 22.7.25) Ms S Caivlty MsMJLord I Scott Bel Mrs A Duiine (APtM)inied 28.1.25) LMC Cei)Ire Dlre¢tor Titia Healy LNIC Ti'egsurei. Aiuia Diinjic Indepeijdellt Exailllnei. D.R.E. & Co. (Aiiditl LiE)iiled 7 Loivcy Biook Sirccl Osivesiry ShTopshii'e SYII 2HG Bgtik Virgiii MoiTey Bank The Team at Virgin Money Suiiderlaiid SR43 4JB Page 4 BISHOP MASCALL CENTRE fiOUNDATION TIA I,UDLOIV ￿lAsCALL CENTRE RF.PORT OF THE TRUSTfi,F.S EQR THE YEAR ENDED JI DECEhlBER 2024 Tjiis repoTt has been prepared in dttOTditnce ivitli the special provisions of Part 15 of the Coinpaiiies Act 2006 rel?ting to sinall conipanics. Approved by order of tlie board of In]stccs on 3 September 2025 atjd signed on ils behalf by.. S Johnson- Tnislee Page 5 JNDEPENDENT EXAMIINER'S REPORT TO THE TRUSTEES OF BISHOP hXASCALL CENI'RL FOUNDA"I'EUN Indepeiideiit ex8iiiliier's Yeport to the trustees ofB181iop Ma5call Celllre Foundutioii {'tlie Coiiiptsiiy.) I report lo the charity triislees oi) Tr)y exaniination of the A¢counis of the Con)paiiy for the year eijded 3 1 Deceinber 2024. Re5POlh5ibilities and basis of repoyl As rhe ¢hariry'4 tru.qiees of rlie Coiiipatjy {aiid also ils directors for tlie p￿rPOseS of coinpafiy law) you are resp0115ible for Ilie preparatio￿ of the &cLounls iii accordance with t]￿ Icqiliren￿[ItS of the CottLpanie5 Act 20061'lh¢ 2000 A¢l'l. HavitEg satisfied myself thai the uc¢ounis of t]ie Con)patty ale ttoi ttqiiired to be audited u￿der Pan 16 of the 2006 Act and are eligible for tndependent exaniin21iotJ, I report respect of Jny cxainiiiatÈoii of YOUT chaTlry'S accounts as cattied out uiider Section 145 of tlie Cl)aFities Act 2011 I'tlie 2011 Ac¢). Iii catryiiig oul illy examiiiation I haile followed ttie D1￿ClionS giv¢ii by Ilie Charity CoJJJn)issioii undcr Sectioll 145(5} Ibl of the 2011 Acl. Iiidepejident exnttiliier's stfiteiiieiit I I￿ve con)plcled iiiy exaniijyalion. l eoiiftmi r]iat ho matiers have con)e ¢0 my Thi￿nl10n tn conneclioji wilh Ilje examtiiation giving ine cause lo believe.. OCCOllllting records iver¢ not kept respect of the Cotnpany as rcguired by Section 386 of ihe 2006 Act,. OT the uccount5 do not ficcord ivilh Iho5¢ rccords. or tlie atrounls do iiol coiiiply with tlic accoutit121g requireineiils of Scction 396 of the 2006 Act otJier th￿1 wiy requireiiieiil tliat tlie accourtls give a Itue and fair vieiv ivlii¢h is noi a Inaiier considered a% pan of an ithdependeiil exaininalion., or the Rccniiiils Iiave not beeii prcpared in accordaiice willi the n*tliods artd p*iiiciple% &f the Stalei)ieiil of RecomJi)¢tid¢d Practi¢¢ for accolinling and reporting by charities (applicable lo chaTYlies prepaTiiig theiT accout*ts ii) a¢cord3ll¢¢ iviih ihe Fiiilln¢ial Rlpurtiiig Slaiidald dpplicablc in tlit UK aiid Rcpublic of liclaiid IFRS 102)). Iiave Jo coiicems and have come acro%s no otlier n1￿￿tterS ili coiiiieclion ivitli Ilie exai)iinalion lo ivhich attelltioii 5Siould be drJivll in ihis repori iji order to enable a piopei undt15tAnding oftlie accoiints to be rea¢lied. Aled R Davies FCCA D.R.E. & Co. (Audit) LI1￿11 7 Lowtr Brook Sireel Oswcslry Shi'opsliire SYII 2HG 3 Septeijiber 2025 Page 6 BISHOP NIASCALL CENTRE fioUNDATION 'riA LUI)LUIV I¥IASCALL CENTRE TATEMENT F FXh'A CIAI, ACTI ITIF. ONCORPORATING_AN INCOIIIE D EXPE FOR THE YRAR ENDED 31 DECEhlBER 2 24 ACCOUN 31.12.24 Total ruiids 31.12.23 Total fiinds Unrcstflcttd fiinds R¢slri¢ted fiiihds EndowtJenl ruiids Notes INCOME AND Ef4DOIVhlENTS FROM Donalioi15 aiid legacies 2,521 2,521 10.636 CIIRI'1¢9ble 4e¢lYitles Resideiilial & Day Lettings Lon&J Tenii LeÈtiEigs cel￿1￿ul71ty 207.449 34,7S3 207,449 34,753 222,547 36.032 Investment incotjie S.075 &075 9,070 Total 249,798 249,798 278.285 EXPENDITURE ON Raiyuig funds 3,089 3,089 2.936 ChHrltable 9CtlYities R¢8id¢ntial & Day Lettings Loijg Tern) Leliiiigs COn￿lu111ty Calering Sen'ice5 DeYelopm¢iit of Servicc5 189,872 5,869 106 25,431 189,872 5069 106 2&431 171,758 6,497 122 22,182 Other 19,792 19,792 9,997 Total 244,159 244,159 213,492 NET INCOIIIE Transfei's betweem funds 5,639 511 5,639 64,793 (5111 Nct iiioiremeiit iii funds 6.ISO (511) 5,639 64,793 RECOP4CILIATION OF Total fut)ds broyglil (onvard ,233,016 654 630,000 ,863,670 1,798,877 TOTAL FUNDS CARRIED FORIIIAR 1,23Y,166 143 630,000 1,869J09 1,863.670 Tlit iiolcs fonm part ofihcse fJiian¢ial slxiements Page 7 BISHOP I%Q CALL CENTRE FO.iJNDATI TIA LUDLOIV NIASCALL CEYI TRE BALANCE HEET 31 DECLMIJEII 2024 31.12.24 Tofjl funds 31.12.23 Totsl runds Unrestricted funds Resirieted funds Endoiwnenl futids Notes FIXED ASSETS Taiigible a55ets Investmenis 12 13 1,069,060 01,385 630,000 1.699.060 61,385 1,707,378 57,769 1,130,445 630,000 1.760,445 1,705,147 CURRENT ASSETS Debtor5 ot baiik and in hat 14 24,637 93,081 143 24,780 93,081 8,855 98,751 117,71¥ 143 117,801 107,606 CRE4 DITORS Ainounls fullimg due ii'ithiii one yeaT 18,9971 (8,9971 {9,083) NET CURRENT ASSETS 108,721 143 108,864 98,523 TOTAL ASSEI'S LESS CURRENT LIABILITIES 1,239,166 143 630,000 1,869,309 1,863,670 NET ASSETS 1,239,166 143 630,000 1,869,309 1,863,()70 FUNDS Unyestricted fiinds.. Geiieral thiid Rev21ualtoJi Reserve Fund 16 1,013,281 225,885 1,007,131 225,885 1,239,166 1,233,016 Restricle(l fvnd5'. Re8tri¢led Fuiid (Phase l) Endownient fuiid%'. Pennaiieiii Eii(lowineiil Fund FNdownieJit Ei¢valualioTh Regeive Fuiid 143 654 82,040 547,960 82,04U 547,960 630,000 630,000 TOTAL FUNDS 1,869J09 1,863.670 The chaiitable conipany i5 ejililled lo exe]llplioii froin audit under Section 477 of the Con)pani¢s Act 2006 for ilie year ended 31 Deceinber 2024. The iileii)be￿ lidve reqiiired tlie coii)paJi)' lo obtain an aitdit of ils financial sialcniciils for t1￿ ycar ended 31 DeL'en)bei' 2024 in aLLordance wlh Section 476 of tlw Conipanies Act 2UO6. Th¢ notes fomi part of these finaijctal slalemeijts Page 8 continued... BISHOP ￿lASCAL[, CKNTRE fouNDATION TIA LUDLOIV AIASCALL CENTRE BALAf4QE SHEET- 31 DEcEI￿BER 2024 Tlie Iruslees acknowledge iheir rcsponsibililics for {#) ¢11511TiJig Ihii¢ ilie chnLerrt basis as ¢lie trusiees dre of tlie opinion thai Ilie cliarity ivill be able Io Pi?y Its liabilities as and ivlien tliey fall due. The ¢n)stees have Itached thig conclusion after asse95iiig the cliarity's fitture cash at)d funding requireTrients along with budgcts aiid niediuiii lerlii plaiis. liiconie All incoiiiing Te50IITces arc incliided on the SlatemetJt of financial Aclivilie% when Ihe £haTLty is legally entitled lo tlie inconle and ilie amount can be qiiaiiiified witli re&sonable a¢¢ura¢y. Incoiiie from coveiia211s donalioJi% are recognised on receipt. Tli¢ Lhafity's income llnd SUEpIus IVeTe deiii'ed from continussig operations diiiithg tlie CiiTtcnl and previous year. No operatious liave been aquired or discontinEied during the8e two yei'iods. Expenditiire All eX￿lId11Ute is aLcouRtcd for oli an accntJ15 basis aiid I￿5 been clgsstfied uiider 1ieadii￿S tliat aggre￿￿1¢ all cosls related to (l￿t category. RAisÈng fuiid$ R&ising funds includes all txpendilure iiicurrcd by Ilie cliurily lo raise fui)ds for ils charitable purw)ses aiid ITicludcg costs of311 fiiiidraising activiiies, eveiits aiid iioii-cliaiith61e ttadiiig. Doii&tlons* gyaiits #nd 8lloiv&Dee$ Donation5, grants and &lloii'aiice5 are included gr05S 11) tlie Statement of FinRllci21 Aclivilies. Allocatlon ftiid fippoytioiirnent of costs Tlic ITuslee5 liave alloLdled tlic sUPPOrt costs on a flooi space, slafy liillc al￿ usage basi5, whicli they d¢¢m lo be most acclli?te. Pagc 10 conlitiucd... BISHOP hlASCALL CENTRE FOUNDATION TIA LUDLOIV ￿lAsCALL CRNTRE STATEf+lP.N_Lcollt ACCOUNTING POLICIRS- toiitlnued T#ll£ible fiKed a55et5 Ivirli tlie excepiion of freeliold property, tangible fjxed ass¢ls costing tiwre Iljan £211) capitalised and 51aied at cost less dtpreciatioii wlJiclJ is cliarged al llniiual rales calculaled lo spread the cost (le5S allticipalcd residual dispo%al valiie) of caclJ asset evenly oveT its expecled iiseful life a5 folloivs.. Fixttires and Fittings Freeliold propeity 15 ievalued by the diieetots al Ilie end of elleh finat)¢ial period ivith depreciation cliarged lo ivrite tlie dirrerenc¢ iii values. dowii to its e.slimaied realisable Value. Uiirea15sed gains and losses, in ￿5￿cl of rcv8ll￿d pn)pety, are token ¢0 th¢ Slatement of Fittan¢ial AcÈivilies. Tlie Comparty is a regis¢ered cliarity and the￿fOre is iwi geL￿ra1]Y liable to taxation. Fuijd actouiitiiig Uiiresiricted funds are available for use at the discTelioD of the Twst¢¢s in furtlieraiiee of the geNeral objective5 of tlie Cliarity. RestYi¢¢ed fuiid in¢tyne is applied in accordance witlj rcstrictions iijiposed by doiiors or which liave been rdised by tlje Cljarity for particularpiirposes. PerniRiient endoivmeiit ielat&% Io assets held on belialf of Bishop Moscall Ceiil¥e Tnsst, charity i)yn)ber 5062117. Designated fujid inconie is allocaled for a specific puFp05e as deier]niiied by the Truslces in ￿rthC￿lct of Èlle g¢n¢ral objective5 0Ftlie Cl￿TIty. All Tesources are heki in ail appropriate fomi lo enable each fyt￿ to be applied in aceoTdaJice wilh aiiy restricltoiis. Pensloii costs aiid otliei. post-l'etliemeiit Iieiiefits Tlie charity inak¢s p¢nsion cotittibiilions for employees into defined coRliibiilion srhcn)¢s. Pension costs are r¢cO￿lIStd in the Slatenipt)t of Financial Acllvllits wlieij tliey becoi)ie payable. Coiisolldatlon Tlie assets of the TtLiSt liglve beeii ittcoiyoimted inio the accounls as identified in tlie pernianeiit endO￿lIent cOlW￿). Ther¢ aw no incomiDg resources or resoiirces expended in respect of the TRist. Finaiielal 111sti.uiiieiits Ba%ic fjiian¢ial assets, includin8 Irdde atjd oiljei. debtors aiid ca511 aiid baiik balaiices. are iniiially recogiiised dl traiisaction price, iiiiless the a[￿TI￿¢ji￿cnl conslitutes a fiiianring Iransaclioii, wlierc thc (r&nsactioJi is nieasiired at thc prcsctit vttliic of the thttire receipts diseoiiiited ol a nJ&rkel ￿te of interest. Basic financial liabilities. includiiig Irade and otlier credilors, are initially iecognised al IrdiisacliOII PTice. Iinless tl)e arrangeiiieiJÉ coiistilule5 a fiiiaiicing Ira115actioii, ￿,heTt the debt inslFuineiii is Iiieasured al die preseiit valiie of tlie fuliirc rcceipls discouiitcd ul a Inarket ral¢ of inleresl. Iiiipestnitnts Lisitd iiiveslii)ents are sliowii al Ilieir fair value as at the eiid af the Teportiiig period. Iviili aiiy uiirealised gaijis or losses btiijg cliar8ed througli Ilic SI&￿111¢1)i Of Fiiiaiicial Acriviiies. Page 11 eontiiiued... BISHOP hlASCALL CENTRE f4OUNDATION TIA LLTDLOIV Il.IASCALL CENTRE TI.IE Flh'ANCIAL STATEf*lEIYTS- coijtliiued FOR THE YEAR ENDED 3K DECEMBER 2024 DONA TIONS AND LEGACIES 31,12.24 31.12.23 Grants & Dojiations 2,521 10,636 INVESTfvIENT INCOME 31.12.24 31.12.23 CBF & Bdnk Interest Other fjxed asset invest- Fll 1,459 3,6A6 1.577 7.493 5.075 9,070 INCOME FROM CHARITABLE AcfiiiiTIES 31.12.24 31.12,23 ResideEiital &Day Leiiittg8 Long Terii) Lettings Conii)iurtity Total Total acttviiies Busy Bodies Nursery & Insteps Dance Oilier t£ttings Oiher Income Ddy LctliJ)g Strttlegic Healih Board 18,989 21,762 12,991 40,751 12,991 7,514 34,660 63,877 79,083 337 1,800 1.189 37,037 16,558 683 44,426 S7,837 99,961 947 900 230 7,514 34.660 63,877 79,083 337 1.800 1,189 Ivedding tnconie Car parkins IVork5nE space 207.449 34,753 242,202 258,579 CHARITABLE ACTWITIES COSTS Siipport costs (sec tiote 7) Direct Costs Totals Residential & Day LetliThgs Long T¢tni LeltiiR&is Coininiinity Calcriiig Strviccs Developiment of Services 67,244 122,628 5,86Y 189,872 5,869 106 25,431 106 3.SOD 21,931 70,8SI) ISO,428 221,27B Page 12 ¢onliiiued,.. BISHOP MASCALL CENTRE FOUNDATIO TIA LUDLOIII %iASCALL CENTRE OTE TQ.THE FINAN IAL TATE￿.lENTsJ￿￿J FOR THE YEAR ENDED 31 DECETrIBER 2024 SUPPORT COSTS Goven)￿let costs 2nagttJieiJt Finaiice Totals Othcr tCSOUTC¢S expended Rc5idential & Day Lettings Long Temi Leiiings ComiiiuJi*ty Developtneiit of Services 12,941 122,294 5,869 21,931 6,851 19,792 122,628 5,8fi9 21,931 334 163,03S 334 6,851 170,220 Aclli'll), Ma112gcJiiuit B2$1$ of allo¢gtlon Floor space, staff tiine & Iisase Support costs, iiicluded in Ilie above, are ￿7$ folloivs.. Other r080Lirces expended Resideiitial &DRy Letlings Loiig Terjn Lei¢ings Col￿1￿lIn1ty Ivages PIDpety & rC￿rbIslIl￿Cnt InsuiEllce EqiiipJt)eJit costs JITecoverJble VAT Adii)uiisiralion Costs Ollier Professional Fees D¢preciatioll of tangible assets Credit caTd cliarges Accoiinlaiicy 5,870 28,602 62,378 5,637 6,624 3,708 1,409 736 7,071 170 32 18,851 334 16 6,851 19,792 122.628 5,869 31.12.24 31.12.23 Developl￿ent of Services Totsl Tolal Vages Property & refvthj$1￿n¢Tht Itjsuraiice Equipment c£)sLs 1￿CCOverable VAT Adminigiratioii Costs other Pr()fe8sioiJal Fees Depre¢iatioii of taiigibl¢ 8ssels Credit cliargcs Aceountat)cy 20,515 1.416 58,695 63,794 7,046 7,360 7,071 170 48 18,851 334 6,851 48,673 42,126 6,740 11,873 159 2,362 18,324 289 5,129 21,931 170,220 13S675 Page 13 C￿1111)u¢d. BISHOP l¥.tASCALL CENTRE FOUNDATEON TIA LUDLOIV ￿{AscALL CEiYfRE TE LQ.THE FINANCIAL STATEhlENTS- contlpi FOR THE YEAR F.INDF.D 31 DEcfi.hIBF.R 2024 NET INCOTrIEI(EN'PENDITURE) Net income1{￿pendltllrt} is slated after chargingl(crediliiig)'. Jl.12.24 31.12.23 Accountanty Dcpreciation- oivned l28￿ts 6,851 18,851 5,129 18,324 TRUSTEES, REMUNI ERA TION AND BENEFITS Ten]ui]￿.ati0ll dir¢cl ot. indirect was paid oiit of tlJ¢ fiinds ofihe ¢harity for the year to 31 Decembcr 2024 nor for year elided 31 Decejnber 2023 to atty TTU51e¢5 or to any P¢iEOll or person8 known to be connected lo of Ihein. Tru5tee5 eipense5 It) Deceniber 2006 the Tnistees confjrnied tlial Irav¢l and other reasonable expeiise5 coiild be reimbiirsed lo Trustees and ouier Conll)iitiee i￿embel% as sei oui iji Par4Lgraph 48 of the Mei)ioraiidulli ￿]d Articles of the As50cialiOII. Dllriiig this year £NIL {2023: £NTL} in r¢sp￿t of iravel aiid subsistence costs was reiinbursed to a ttuslce of Ilic io, STAFF COSTS 2Q24 2023 Ivages aiid Salaries Social gecuTity Cosl PesJsioJi 113,107 2,71M 955 106,622 1,032 905 116,766 109,159 No eniployee earned n)orc than £60,(JOO. Tlie average nuniber of paid slaft. tor the year were.. 2024 2023 Adininistratioji Full Tiiiie PPA Tinie Oilier Full Tinie PaTI Tin)e Totsl Tlie Fouiidaiion operat¢% defined coiilribution pensioii schenies illdependeijtly adn)iiiisiered by Friends ProvÉdenL iv]￿ hold di¢ assets of Ilie s¢lieiii¢g sepanlely froiii the Foundation. Amoiinls Pdid to key nianagemeiit petsonnel (luring (he year We￿ £41,01212023-. £37.307). Page 14 contiiiiied... BISHOP ￿[AsCALL CENTRE fiOUNDATION TIA LUDLOIV MASCALL CENTRE NOTES TO THE FINAN IAL TATEI ￿lENTS- eoiitliiue FOR THE YEAR EI NDED 31 DECEMBER 202 co￿.1PARATI￿IES FOR THE STATEMEINT OF FIYI ANCIAL ACTIVITIES Utjrestricted Restrict¢d funds lunds Endowiieiit lunds Total ful￿8 INCOME AIYD ENDOIITMENTS FROM Doiialioiis and legacie 10,636 10,636 Charltgble 8erfvltlcs Resideiilial & Day Leltings Long Teni) Lettiiigs Conimuniiy 222,547 36,032 222547 36,032 Inveslnient income 9,054 16 9,070 Tolal 278,269 16 278,285 EXPENDITURE ON Rai5iiig 2,936 2,936 CliaritAble A¢tivitles Resideiitial & Day Lettings Long Term Lettin￿ Coiwnujiity Catciiiig Serviees Developnicnt of Service5 171,758 6,497 122 22,182 171.758 6,497 122 22.182 Other 9,997 9,997 Tolal 213,492 213,492 NET IliCOhlE Ti'ansfei's bebveen fund5 64,777 17.000) 16 64,793 7,000 Net ￿lOveme11t lil fuii(l$ 57,777 16 7.000 64,793 RECONCILIATIOIV OF FUNDS Total fuiids biuuglii lonvaTd 1,175,239 638 623,000 1,798,877 TOTAL flU￿￿s CARRIED FORMIARD 1,233,016 654 630,000 1,863,670 Page 15 conliiiued... BISHOP MASCALL CENTRE fouNDATION TIA LUDLO .IASCALL ENTRE LTELTO THE FINANCIAL STATEhl&NTS- contlnued FOR I"HE YEAR EYDED 31 DECEiIIBER 2024 12. TANGIBLE FIXED ASSETS Fixthres alhd fittiJi8S Frecliold properry Totals COST Al l Jaiiuary 2024 AddilioIJs 1,494,523 490,866 10,533 1,985J89 10,533 At 31 December 2024 1.494,523 501,399 1,995,922 DEPRECJA TION At I Jsiiiudry 2024 Char8e foryear 278,011 18,851 278.011 18,851 Al Jl DpceJnbcT 2024 296,862 296,862 NET BOOK VALUE Al Jl Deceihber 2(k24 1,494,523 204,S37 1,699,060 At 31 D￿eMb¢r 2023 1,494,523 212,855 1,707,378 Cost or valii81ion ai 31 Decembcr 2024 is repr&$etited by.. Laiid 8nd Biiildiiigs Fixiiires & Fittiiigs Total Valualiort iii 20( V2lualion sii 2010 898,798 1100,0001 898,798 (100,aoo} Cost 695,725 490,866 I, 186,591 1.494,523 490.866 1,985.389 FREEHOLD PIIOPEEII'V Fieehold Propety above contstns £630,000 as ¢ttdowi￿¢nt asselt*, Iield on tn15t by the B5sliop MasLall Centre Foiindalion oij belialf of tlie Bisliop Mascall Tn151. The Centre compi'ises ofbuildiiigs &iid laiid close 10 tlie Ceiiire of Ludloiv. tlie8e b￿]ldIng8 aiid laiid liaviiig* a total value of £1,494,523 Tlicsc prop￿tileS ivere last VlL liied by Nock fjeiglilor], Property Agellts, Valiiers, Surveyors aiid Aiictionects in 2010. PAge 16 ¢onttJiued... BISHOP MASCALL CENTRE ITOUNDATION TIA LUDLOIV ￿{AScALL CENTRE NOTES TO THE FINA WCIAL ATEN.SENfs- coiitin riOR I'HE YEAR ENDED 31 DECEMBER 2024 ij. rIxED ASSET INVESTMENTS Listed iuvesliiients MARKET VALUE At l Janiiary 2024 RevalualioE]S S7,769 3,616 At 31])ccttiibcr 2024 61 J85 NET BOOI< VALUE At 31 De¢en)ber 2024 61J85 At 31 December 2023 57,769 Tliere ivere no iiivestii)eiil as%els outside the UK. Cosc or valiwlion at 31 Dectjnber 2024 is iepresented by.. Llsttd Investtiienls ValtLilioi) irt 2023 VAlualioi) iii 2024 Cost 7,769 3,616 so,000 61 J85 14. DEBTORS: AMOUNTS FALLING DUE IITITHIN ONE YEAR 31.12.24 31.12.23 Trade debtors oilier debthtE Diie froni Unreslricied FIMid 24,637 7,584 1.128 143 143 24,780 8,855 Pag¢ 17 coiilinued,. BISHOP hL4SCALL CENTRE fiOUNDATION TIA LUDLO IASCALL CENTRE TES TO THE FINANCIAL STATEI%IENTS- coiitii FOR"I'HE YEAR ENDED 31 DECEMBER 2024 15. CREDITORS: AFwlOUNTS FALLING DUE IVITHIN ONE VEAR 31.12.24 31.12.23 Trade cre£fito Social security and oiher Mes Due to Restricted Fund Accnied expeiises 669 1,633 172 0.523 194 472 172 8,245 8,997 9,083 16. MOVEP¥tENT IN FUNI)S N¢1 iovcmcnl iii fuiMIs I'ransfers b¢tw¢en fuiids At 31.12.24 Al 1.1.24 Unre51rlcted fuiid5 GcrttrLTrI fiind Revalualioji Rtserve FuiNI 1,007,131 22S,88S S.639 511 1,013,28J 22S,8115 1,233,010 5,639 SAI 1,239,166 Restrlcted fuiid$ Reslrtcted Fund (Pliage 11 654 {511) 143 EiidoH'mellt fuiids Pernianenl Eiidowtneni Fitnd EndownieJl Revaliialion Reserve Fulld 82,040 547.960 82,040 547,960 63U,O&O 030,000 TOTAL fiUND8 1,863,670 1,1169,309 Net inoveTtienl in fvllds, uicluded ui th¢ aboipe ar¢ as folloivs.. Inconiin8 Tcsoiiice5 R&4our¢es expende Movenient in fL)iids Uiirestrlcted fiinds Gcllcral fund 249,798 1244,159) 5,639 TOTAL FUNDS 249,798 {244,159) 5,639 Page 18 continued... BISHOP ￿IAscALL CENTRE fiOUNDATION TIA LUDLOIV ￿lAsCALL CENTRE NOTES TO THE fil ANCIAL STATF.￿IENTS- FOR THE YEAR ELVDED 31 DECE￿IBER 2 16. MOVEMENT IN FUNDS- eoiitliiutd co￿7p￿ra￿Ve$ (or niovement lil fltttds Net iiioveiMent in fiiiids Tratisfers behveen fiinds At 31.12.23 At 1.1.23 Unrestrlcted fund5 Gen¢Tal fiiiid Revaluation Rcsetve Fund 949,354 225,885 64,777 {7.000) .007,131 225,8SS 1,175,239 64,777 (7,000) 1,233,016 Restricted funds Resiricted Fund {Ph&se l) 638 16 654 ElldoiviJ]eiit flliid5 Pen￿al}ent Endolvi￿¢L)t Fund Endowttienl Revalualion Resenie Fund 75.040 547,960 82,040 547,960 623,000 630,01>0 TOTAL FUNDS 1,798,877 64,793 1.863.670 Coniparntive Det Inov¢inent in ftinds, included in the aboipe are as follows.. lii¢oining resources Resource5 expeiided Moveiiieiit in ￿ndS Uiii'estrlcted fuiids General fuiid 278.269 (213,492) 64,777 Restrlct¢d fund$ Resiiicted Fun