REGISTERED COMPANY NI Ull.IBKR: 04121424 (England aiid Ivales) REGISTERED CHARITY NUMBER: 1084326 RECEIVED 2 5 SEP 2025 BY.. REPORT OF THE TRUSTEES AND DITED FINANCIAL STATEMENTS FOR THE YEA ENDED IDE EMBER 2024 FOR BISHOP hlASCALL CENTRE FOUNDATIOh' TIA LUDLOIV IklASCALL CENTRE D.R.E. & Co. {Aiidit) Limited 7 Loivcr Brook Street Osiveslry Sliropsliire SYII 2HG
BISHOP hlASCALL CKNTRE VOUNDATION TIA LUDLOIV TrIASCALL CENTRE TENTS OF THE F CIAL STATEh.IENT FOR THE YEAR ENDED 31 DECEhqBER 2024 Pg£e Reporl of the Ti'ustees Imdepeiideiit ExAiiiliiei s Report Stateiiient of FiiianciAI Activities BAIAiice Sheet Notes lo tlie Fingnclal StAteineiits 10 10 21 Dclfiiled Stftleiiienl of FlnaiiclAI Activities 22 10 23
BISHOP hIASCALL CENTRE FOUNDATION TIA LUDLOIV TAsCALL CENTRE REP RT OF THE TRUSTEF.S FOR THE y(R ENDED 31 DECEfvIBER 2024 Tlie tnislees who llre also direclors of the ch&rity for ihe purposes of the Coii)paiiie5 Acl 2006, presenl Il)eir reporl wilh the finaIicial sllll¢mcnts of th¢ charily for the year ended 31 Decen)ber 2024. Thc lrnslcc5 hav¢ adoptcd th¢ provisions of AccouIiliiig and Reporting by Charities: Siateiiienl of Recoinn)¢t]dd Practice applicable lo charitie5 prcparing their Rccounls iii accordance with the Finan¢ial Reporting S}dard applicable in Ihe UK and Republic of Ireland (FRS 102) (effcclive l January 2019). OBJECTIITES AND AcfiviTIES Objectli'es and aiiiis The Meiiioraiiduiii and Articles of Association. Tegi5tered on 4th January 2001. slioiv tlie aiii)s of the Bisliop Mascall Ceiilrc Fouiid&lion (BMCF) as 'lo advai)ce t1 ¢du¢alion of Ille public and proJiv)Ic the PTinciples of Ilie Churcli of England, The BMCF is therefore ali educlllional charity With a broad reniiL which exists for the beiiefil of the Co11)UnIty of Ludloi4p and surrounding dislricls. The charity nS the Ludloiv Mascall cell1 ("the LMC ) and ts also a con)patty lii)iiled by guarantee. Iii selliiig objeclivcs aiid planiiing a¢livilies, Ihe Trnslees liuve givci) care1 considernlion to Ilie Charity Coniiiiission's gcneral giiidance on piiblic benefit. Mlssloii Stateliieiit The LMC is a iiiiique place in rural South Sliropsliire ivliere all are welcome. we provide SeICe$ for peoi)le of all ages lo learii, aiid creale opporliiiiilics for conlniunity life to flourish. The LMC aiins lo be affordablc and acce5siblc lo all. Tlie policies adopted in order lo fiirther those objecls have been to ihaximise tbe use of Ilie Centre providiiig accoiiiiiiodalioii for church and co1unIty events of an educational nafvre. It is policy lo balaiice use by orgaiiisalioiis furilicrii)g the educalioi) of Iliose under twenty five and 11)ose pronioting educalioii al01)E adults iii a broad area. Fioni tii)Ic lo liine, ii) order lo maxiii)i8e Ihe iiicoine available lo furil)er Il)e objects of Ilic Cl)arily, iioii-educalional eveilts orgailised by oiilside orgai)isatioi)s Inke place Al Il)e Ceiilre. lil addilioii, Ihe Centre itself lias pronioled evei)Is of ali ediicaliotial i)ature. Page I
BISHOP MASCALL CENTRE FOUNDATION TIA LUDLOIV IIIASCALL CENTRE REPORT OF THK TRU TEES FOR THE YEAR ENDED 31 DECEIBER 2024 ACHIEVEhlENTS AND PERFORNIANCE Dli'ec¢nr's Report 2024 has been a quieter year ivith an occupancy in the accon)modalion of 48 /0. 893 groups used the Cei)tre of wliicl) 35 vere i)ew users. Counselling and Co-workiAg have beeii our growth area witli 1160 hours of ¢ounselling and 640 hours of Co-working. We were deeply saddened by the deaih of Paul Eivard. in Scplcmbcr, Ivho had been a TNslee since 2006. As part of the continued niainlenaiiee of the biiildings the Nursery was re-roofed a neiv kiichen iv&8 fitted iti tlie studei)Is acconimodation. Tlie Tnisl signed a furtlier 5 years conlrAcl iviili Keele University. We continue lo work closely with Ins*PS Dance School, Busy Bodies Child ca Cenlre, Keele University, WilliAin Moore Clliropraclor and Aiheiia Taverna. ChAlI'iiiftii's Reyorl Jgiiuary 2024 J Iieiv couiiselling rooiii8 Beck, Boume, Ford fitiislied and in use. First five iveeks lotsl iiiconie £1251.(K). Ford let oi) loiig-lertii bnsis. Duiii)g 2023 Children's Serylces had 77 sessions at LMC al £54 per session. Revieiving ivhal is besl use of space for Iheiii ongoing. li) ligl)t of govemfticnl iiicrease ii) National Living Wage as of April 2024 all staff ivages reviewed. Positive use of accoiiiinodalion despitc iiicorporalion of VAT into prices Ihereforc we decided ts) absorb aiiy extra cosls. iebi'iiAYy 2024 Accoiniiiodatioll IlPLTrading Iiicrea5ed adverlisiiig aiiiied al self<aiering iiiarkel. Upgraded courtyard addii)g fiJrnitur¢. neiv Updated pllotos oil M'ebsile and b(x)king sile5. Monitor pricing and iiivcs(Inenl i)olicy. Director provided Trustees willi "Assei Planning 2024-2027" paper des1)ed for n)anagenienl of buildings. fiiiances Riid workforce. lurcli 2024 Day lets biisy, Due lo clianged cirLumslan¢es use of otTice spaces empty and Tevieived. Shropshll CotsJ)cil worket usii)g Play rooi)I, Wedding licence revieiv needcd. Busy Bodies Nursery sei for iiiajor changes as Jaiiies Boddey. curreiitly ii)ls iiager, now leavii)g. Dircclor and Tnislees considerii)g providing a base at Centre for new project of lime limited youth coiinselliiig and training for pdrenL8. Centre lo receive an agreed ii)anagenienl fee. Agreed pot lioles in car park need lo bc rcpaircd iirgei)Ily. As of I st April iiiCTea5e hiro chargc agrccd for accommodnlion for slalutory aiid busAEicss users. lav 2024 Director reported busy acconini¢)dalion with n)ixed advance and last niinute l)ookings. Car p(wk repairs completed rear and side. Page 2
BISHOP NIASCALL CENTRE FOUNDATION IA LUDLOIV IIIASCALL CENTRE REPORT OF THF, TRUSTEES FOR THL YEAR KNDED 31 DECEhlBER 2024 Work lo Nursery roofiore ilian expected estiniat¢ al approx. £lO.000 . Keel¢ sliideiil accomniodai&on kilehen nceds upgrading . Director reported conlinued consislciitly good relationship and liiiks with Kcele staft. Discussioiis lield with local GP Dr Beanland re possibly increasing GP studenl nunJbers. Coiinselling rooiiis going well. Draft Resoiirce Manageinenl Plan reviewed as routine. July 2024 Treasurer reported Ilie overall financial situation lo be gLN)d. Hoivever, Director's P.A. being absent due lo loiig temi sickness, it ivas agffed that a part-lime bookkeeper was required. Coliiiselliiig and co-lvorking rooms biisy biit main biiilding quiel. Marketing was disciissed. Septeinljei. 2024 We received Ihe sad i)ews 11181 Paul Eward (our Chaim)an) hod died on 4111 Septei)iber in Hereford Hospital. Origii)ally joiniiig as a repr¢s¢nlaiiv¢ of Hcrcford Dioccse Roard of Fiiiaiicc iii 2006. Paiil ivas our Cliairii)aii for 2 year6. This is a great loss lo Ilie Board tn lern1s of expcricnce, legal advice and loyalry. He will be sorely Inissed. Tlie Director and Chair attended hi5 funeral represeiiliiig Ludloiv ilAascall Cenlre. Tliis yeavs "Visit Eii¥lai)d ' Assessiiicnt was reported as very. good gii'ing Ludlow Mascall Ceiitre a 4 Star Group Accoiiiiiiodalioii ratiiig. Several eleinenls gained 5 star rnling e g CleRnliness (a ¢redil lo Ilie cleaners) aiid HospilAlity and Friendlincss. Hoiyevcr, the report raised sonie perfinenl queslions which the Trnslees disciis5ed and agreed sl)OlTld bc llddressed. Octobei. 2024 Due lo serious illi)ess and IspitaliSatio11 Jalncs Wlieeler 01 TTeasLirer, Ivas uiiable lo atiend Irrelit ilieeliiigs or presciit Tr¢asiir¢Fs Report, Our AGM was due on 1st October bul in the absence of a Treasurer il was p051poned due lo ui)foreseen ¢irCui)ISt)¢e$. L nyeiiibei. 2024 The cUn.)l lack of a TSlee represaitalive was discussed with St Laiirence's chiircK Liidlow. Director presented the silualion re Baiik Staleineilt and the potential ii)Ipact of Governiiieilt cli&nges oil our 2025 budget aiid ruiining costs. Director reported a reduction in the use of accommodalion possibly due to weatlier. Day lel.% back io Iiorinal. November W41S very biisy in Co-working and Coiinselling roon)s. Trustees iiiel with a poteiilial new recruit lo the B(wd. It iv&s leli slrongly ihal she Iiad Ihe experience needed and ivould fit in ivell. Director ai)d Cliair lo officially iniiite her lo joii) the Board. Sai)die M Jol)tison Cliair of Board of Trustees STRUCTURF., GOVERNANCF. ANI 'D I¥.IANI AGF.IIIENT Governliig doeui)ients Tlie Bishop Mascall Ceiilre Fouiidalion is a conipaiiy limiled by guaraTitec (and also a charity) H,liicli is goveriied by a Mei)ioruiiduni MT)d Articles of AssocialioIi. Regislered oil 4111 January 2001 these slioiv tlie objecls of Ilic BMCF as "to dvancc the educatioii of tlie public aiid proniolc th¢ i)rinciplcs of tli¢ Churcli of England." The original endoivniet)l is noiv govemed by a charitable scheme relaliiig lo ille pmperty of which tlie Bishop Mascall Ceiitre Foundaiioii is the sol¢ lrnslee. Page 3
BISHOP TrIASCALL CENTRE FOUNDATION TIA LUDLOIV NIASCALL CENTRE RF.PORT OF THF. TRUSTEES roR THE YEAR ENDED 31 DECEhlBER 2024 STRUCTURE, GoVENANCE M'D NIANAGEMENT Reei'ultineiil appfilnliiient of neiy trustees Tlie rnles pertaining to Ilie roles of the Trustees are set out in Ilie Meinoranduni and Articles of Associalion. Repyeseiilalives are noiiiinaled by the Diocese of Hereford, Ludlow Town Council and Shropshire County Coui)cil. Tlic Reclor of Liidlow is a Trnstee ex-oITicio. Currctltly six furtlier 'independent Ttus*es are elected for a four ycar tenii. REfiERENCE AND ADMINISTRATIVE DETAILS Regl$tei-ed Coiiipan), niiinber 04121424 (Etigland and Wal¢s) Reglstered Ch4rity nuniber 1084326 Reglstel'ed offlce Loiver Galdeford Ludlow Sliropsliire SY8 IRZ Ti'us¢ec5 P A I,1vard Solicilor (dece85ed 4.9.24) S Jol)i)soii MAEd J Wl)e¢ler L Gittiiis {resigned 22.7.25) Ms S Caivley MsMJLord I Scoll Bell Mrs A Duiii)e (Appoinled 28.1.25) LMC Ceiitre Dlroctor Tiiia Healy Lh.IC TreASUI'ei' Alu DI11¢ Iiidependoiit Exaii)Inei' D.R.E. & Co. (Aiidit) Liniited 7 Loiver Brook Sirecl 051vestry Shiopshire SYII 2HG B4nk Virgin Money Bank The Team lll Virgin Money SuiideTland SR43 4JB Page 4
BISHOP {AscALL CENTRE FOUNDATION TIA LUDLOIV NIASCALL CENTRE REPORT OFTHE TRUSTEE FOR THE YEAR ENDED 31 DECEhlBER 2024 Tl)is report has been prepared in accordance with ihe special provisions of Part 15 of ihe Coinpaiiies Act 2006 relating lo simall conipaiiies. Approved by order of the boArd of Ituslees 3 September 2025 and signed on ils bclialf by: S Johnson- Tnislee Page 5
INDEPENDENT EXAMIINER'S REPORT TO TEtE TRUSTEES OF BISHOP hlASCALL CEwfRE FOUTr*'DATION Indepejideiit e%aiiiliier's reporl to Ihe truslees of Blsliop Mascall Centre Fouiid&don ('tlie Coiiipnii)") I report lo the charity trustees oil niy exaniination of the gccounls of the Conipany for the year ellded 31 Deceinbcr 2024. Responsibilities and basls of report As tlie cliarity's Iru.8t¢es (If the Coiiipaiiy {aiid a150 Ils dircclot5 for tlic purposes of coinpany law) you are responsible for Ilie preparation of the acLoiinls in accordance with th¢ requirements of tlie Companies Act 2006 ('Ihe 2006 Acv). Having satisfied niyself that the a¢¢ouftis of tlie Conii)any are ttoi reqiiired to be audited uiider Part 16 of ihe 2006 Act and al'e eligible for indei)endent exaniiiialioi), I report in respect of iiiy exaiiiiiialioi? of your charity's account5 s carried oul linder Section 145 of Ilie Cl)arities Act 2011 ('tlie 2011 Acl')- Ii) carrying oul Iny exai)iiiialioii I l)uiie followed Ilie Direclion.s giv¢ii by tl)e Cliarity Commission under Seclioih 145(5) (b) of tlie 201 l Act. ljidtpeiideiit exniiiliiei s stateineiit I liave coiiipleled my exaniinalion. I coilfirni tliat no matters have co1C lo ii)y &llenlton in conneclioii will) Ilie exaniiiiation giving me cause lo believe.. a¢coiinting re¥ords were not kept in respect of the Company as required by Seclion 386 of the 200() Acl. or Ilie accouiits do not accord iviih Ih05c records. or the accounts do not coii)ply with Ihe accowlliiig requireinenls of Section 396 of the 2006 Act oiher Ihaij wiy requireii)enl tli411 Iljc accouiils give a true aiid fatr vieiv ivlii¢h is not a maller considered a8 part of an ii)dependei)I exaininalion; or tlie accoiii)18 have i)oi beei) prepared iii accordance willi Ilie ii)eihods aiid priiicii)les of the Slaleiiieiil of Recoiniiieiided Practice for accoiinling and rcporting by charilics (applicable io Lharilies preparii)g their accoiiiits in ac¢ordanc¢ iviih the Financial Rcportiiig Siaiidard applicable iii tlx UK w)d Rcpubli¢ of li'cldiid (riis 102)). I l)ave no coiicerns alKI hav¢ conie across no oiher niaiieTS in conneciion iviili Ilie examination lo lIcI1 atleiilioi) sliould be drawn in Iliis reporl iii order lo enable a proper understhi)ding of tlie accounls lo be rea¢l)ed. Aled R Davies FCCA D.R.E. & Co. (Aiidil) Lin)ited 7 Lower Brook Sireel Oswcslry Sliropsliire SYII 2HG 3 Sei)teiiiber 2025 Page 6
BISHOP14IASCALL CENTRE FOU TIA LUDLOIV MASCALL CENTRE DATI STATEMENT F Flh'ANCTAI. ACTIVITIE NCORPORAT AN INCOME AND EXPEYDITURE ACCOUIN, FOR THE YEAR ENDED 31 DECENIBER 2024 31.12.24 Total luiids 31.12.23 Tolal fi)nds UnTeStricted fiinds Reslricted funds Endoiwiieiit fui)ds Notes INCOME AND ENDOWfvIENTS FROM Doi)alioi)s aiid legacies 2,521 2,521 10,636 ChAI'ltable ActltIeS Re8ideiilial & Day Lettings Long Tenii Leuings Coiniiiunity 207,449 34,753 207,449 34,753 222,547 36.032 Itiveslmenl income 5,075 5,075 9,070 Total 249,798 249,798 278,2115 EXPENDITURE ON Raisiiig lIS 3,089 3.089 2.936 Cliai'ltable actli'itles Rcsidential & Day Lettings LoIig Teni) Lellii)gs Conimuiiity Cal¢i'ing Seniice8 Developmei)l ofservices 189,872 S,869 106 25,431 189,872 5,869 106 25,431 171,758 6,497 122 22,182 oil)er 19,792 19,792 9,997 Total 244,159 244,IS9 213,492 NEI T INCOME Ti'Aiisfei-s bettveen funds 5,639 5,639 64,793 16 (511) Nct iiioveincnt lil tsiids 6,ISO (511) 5,639 64,793 RECONCILIATION OF To1 funds brouglil forward ,233,016 654 630,000 1,863,670 1,798,877 TOTAL FUNDS CARRIED FORIIFARD 1,239,166 143 630,000 1,869,309 ,863,670 Tlic iloles fomi part of these fiiiancial slalements Page 7
BISHOP hIASCALL CENTRE FOLWDATIO TIA LUDLOIV NIASCALL CENTRE BALANCE SHEET 31 DECEMBER 2024 31.12.24 Tolal funds 31.12.23 Total funds Unrestricted funds Reslrieled tunds Endoivmetit fijiids Noles FIXED ASSETS Tangible a%5els Investtnenls 12 13 1,069,060 61J85 630,000 1.699.060 61,385 ,707,378 57,769 1,130,445 630,000 1,760,445 ,765,147 CURRENT ASSETS Debiots Cns]14t bAnk And in hand 14 24,637 93,081 143 14,7110 93,081 8.855 98,751 117,718 143 117,861 107,606 CREI DITORS Aiiiounis fulliiig due ii'idiin 01)e year 15 {8,997) (8,997) {9,083) NET CURRENT ASSETS 108,721 143 108,864 98,523 TOTAL ASSETS LESS CURRENT LIABILITIES 1,239.166 143 630,000 1,869J09 ,863,670 NET ASSETS 1,239,166 143 630,000 1,869,309 ,863,C)70 FUNDS Unreslricled fiinds.. Geiierol fvi)d Revlllualioii Reserve Fund 16 1,013,281 225,885 1,007,131 225.885 1.239,166 1,233,016 RestriLled funds.. Reslricled Flind {Ph&se l) Endoiviiieiii funds- Pcnnaiicnl Eiidowinciil Fund Endoiv111eiil Revalu21ion RcseNc Fiind 143 654 82,04Q 547,960 82,040 547.960 630,000 630,000 TOTAL FUNDS 1,869,309 1,863,670 The charitable company is enliiled lo exemption from audil uiider SectiThi 477 of the Conipanies Act 2006 lor tl?e year ended 31 Decei)Iber 2024. The nieimbers liave iiot reqiiired Ilie compan), lo obtain an aiidit of ils financial slateniei)ts for the year cnded 31 DcLeniber 2024 in LILLord&nee iNiih Section 476 of the Companies Act 2006. The notes fonn part of these financial stalemeiits Page 8 continued...
BISHOP fvIASCALL CENTRE FOUNDATION TIA LUDLOIV MASCALL CENTRE IIAI.ANCE SHF.F.T- contlnued 31 DECEMBF.R 2024 Tlie trustees ackiiowledge tlieir responsibililies foT (a) eiisuring that Ilie charitable con)pany keeps accounting records that comply with Seclions 386 and 387 of the Companics Act 2006 and preparing financial slalemenls which give a lrne and fair view of the stale ol alyairs of Ihe charitable conipaiiy as ul Ilie end of each finaiicial year and of its 5uTpIus or deficil for each financial year in accordance willi the requirenienls of Sections 394 and 395 and ivllicl) oillenvise coniply willi the requireniei)Is of Ilie Coinpaiiies Act 2006 relatiiig financial statein¢nts. so far as applicable to tlie cliarilable coinpany. (b) These financial slatemcnls have been prepared in occordancc with the provisions applicablc to charitable conipanies subject lo the sniall coinpanies regime. Tlie fiiiai)cial staleiiients ivere approved by tlie Board of TnteeS and auihorised for issue on 3 Sepleniber 2025 and were signed on ils belialf by: S Jolinson - Trustee The noles forni part of these financial slalements Page 9
BISHOP h,IASCALL CENTRE FOUNDATION TIA LUDLOIV MASCALL CENTRE I OTF,S TO THF. FIYANCIAI. STATF.I¥IF.Tr*TS FOR THE YEAR ENDED 31 DEcE[BER 2024 CHARITY INFORhlATION Bisllops Mascall Cetitre Foutmlotion TIA Ludlow Mascall Centre is a charitable. private Company, limited by guarantee, registered in Eiiglaiid and Ivales. The cliarity nui))ber, company number and registered office details can be found iii the Report of The Tnlee9. Statement of C(Jiiipll&iiee The finaiicial statenienls of Ihe charithble company, which is a public benefit entity under FRS 102, have beeii prepared in accordance ivith the Charities SORP (FRS 102) 'Accouniing and Reporiing by Cl)arilies.' Sialeiiietlt of Recon)niended Practice applicable to cliarilies preparing Iheir accounts in accordance willi Ilie Finai)cAal Repoilii)g Standard applicable iii the UK and Republic of Irelaiid (FRS 102) (effective l Janiiary 2015),. Financial Repoi'ling Siandard 102 Tl)e Financial Rew)ning Standard applicable in IIK UK and Repiiblic of Ireland, and the Conip41nies Act 2(K)6. ACCOUNTING POLICIES Basls of preijllrliig tljt fliiaiiclAI stntemtnts The fitthiicial slaleii)eiil.8 have been prepared under the historical cost ¢onveiilion. Tliey liave been prepared in accordance willi tlie Cliarilies SORP (FRS 102) and FRS IQ2. Tlie accoiiiit8 arc for the individual enliry only. These fiiiancial slolements are presenled in £ sterling, rouiided lo the nearesi £1. Golng Concern Tlie fiiiancial slaleiiients liiive lyeen prepared on a g()iiig Lu)iiLem basts a5 IIK truslees ¢ire of tlie opii)ion tl?al Ilie cliayity ivill be iible lo pay ils liabilities as and ivhen ihey fall due. The ¢rusiees have reached Ihis concliision after assessii)g Ihc cl)aritys casl) ai)d tunding requirenients aloiig Iviil) budgels and niediuin lerni plans. Iiicoiiie All inconliiig resouwe8 are included on the Siatenient of Finan¢iol Activities when the charity is legRlly eniiiled lo tlie iiicome and ilie amount can be qiiaiiiified with re&sonable accuracy. Inconie froin covena171s and donalioi)s al'e recognised on receipt. Tli¢ Lharity's incoine and surplus ivere derived froin conlinuing operations diiring tlie ciirrent and previous yeiir. No opcrnliolls havc bECli aquircd or discojilinucd during thcsc two peiiods. E¥peiidltiire All vxpeiiditure is aLcoiinled for uii un #Lcru¢ils basis al Iws been classified iiiider lieadiis 11)al aggregule all costs relalcd to that calcgory. Raising fund5 Rnisiiig fuiids iiicludes all expenditure incurred b), the cliarily lo raise funds for its charitable purposes aiid iiicludes cos1$ of all fiindraising aclivilics, events and iioii-cliaritsble trading. DoNatlon5? gj'gikts and alloivances Donations, granls aild alloivai)ces are incliided gross in the Stalemenl of Financial Aclivilies. Allocatlon and tsppoi'tloiinient of costs Tl)e tnisl¢es have allocated the suppoil costs on a floor spac¢. staff lime 2nd usag¢ basis, which they decnj lo be most accurale. Page 10 conliilued...
BISHOP lAsCALL CENTRE fi OUNDATION TIA LUDLOIV IklASCALL CENTRE TEST THE FINANCIAL STATENIENJT IOR THE ITAR ENDED 31 DECENIBER 2024 ACCOUNTING POLlelES- eontlnued Taiigible fixed assets Iviih Ilie exceplioii of freeliold property, langible fixed assets Costing Ihore ilian £200 are capitalised and slated al cost Icss deprecialion wliicli is chaigcd at aniiual rr4les calculaled to spread the cost (less aiitictpalcd residual disposal value) of eacli asset evenly over its expected iiseful life as folloivs= Fixtures and Fittings Freehold property is revalued by the director8 al Ihe end of eacli finai)cial perlod ivitl) depreciation charged lo ivrile o(fihe difference ii) values. down to ils eslimaied realisable value. UnreAlised gains and losses, in r¢spe¢l of revaliied PTopety, are takeii to the Slaleineiii of Financtal Aclivilies. Tayatlon Tlie Cot))paiiy is a registered charily and therefore is nol generally liable to taxation. Fiind Ac¢ountlJiE Uiiresiricted fuiids are aiiailable for use al Ihe discretion of the Trnsltts in furtl)er8tice of tl)e geiier81 objective of tlie Cliarity, Restri¢t¢d fiit)d incom¢ is applied in accordance witli rcslrictions iiiiposed by donors or wlii¢li l)aiie been raiscd by tlie Clrity for particular piitposes. Pemianenl endoivmenl relales to assets lield on belilllf of Bishop Mascall Ceiitre TtwsL chhrity Iiun)ber1062117, Designalcd lId iiicoiiie is allocalcd for a specific purpose as delem]iiied by Ilie TNslees in furtlierniice of the general objectives ofilie Cliarity. All resources are held in ali appropriate fonn lo enable each fund to be applied in occord81)¢e with aiiy reslriclioijs. Pe$10 eost5 aiid otliei, post-vetli'enient beneflts Tli¢ charity Inak¢s pension contributioiis for eniployees into defined conlribiilion s¢hcnics. Pension cosls are recognised in Ihe Slatenient of Financial Aclivilies wheii they becon)e payable. Coiisolldarfon Tlie assets of Ilie Tnist liave beeii in¢oryx)raled inio the accounts as identified iii tl)e pemiaiieiil ei)d<)iviiieiit coluinn. There ar¢ no incoming resources or resources expended in Tespect of the Twst. Finaiicl#l Ti15truiiientS Basic fiiiancial assels, incliidinB trade wid oilier debiors and casli arid baiik balaiices, are ii)ilially rccogiiiscd ul trni)saetinii price. Iinless Ilie arrangement consliliiles a financing transaclioii, wliere the trdn5action is iiieasiir¢d at Ilie preseiit valiie of the tUre receipts discouiiled al a rnarkel te of inlcic51. Basic financial liabililies, including trade and oilier ¢rediloTS, are ii)Ilially recognised al Iraiisaclion i)rice, Iitiless Illc ari'aiigenieiit constilules a fiiiancing iransaclion, ii'here the debi inslruii)enl is Iiiea5uI'ed at tl)e presei)I valiie of Ilic fulurc rcceipts discouiiled ut a iiiark¢l rate of iiiieresi. liii'e51iiients Lisied ini'esln)en15 are sliowii at Il)eir fair value as al tlie end of tlie reporting period, Iviili aiiy unrealised gaii)s or losse.% being charged through tlie Slaieii)eiit Of Financial Aciiviiies. Pagell contiiiued...
BISHOP11.IASCALL CENTRE FOUNDATION TIA LUDLOIV INIASCALL CENTRE NOTES TO TIIE FINANCIAL STATEI¥IEhYS- contliiued FOR'fI YEAR ENDED 31 DECLII.IBER 2024 DONATIONS AND LEGACIES 31.12.24 31.12.23 Grai)Is & Donattons 2,521 10,636 INVESTIMINT INCONIE 31.12.24 31.12.23 CBF & Buiik Inlercst Oiher fixed asset invest- Fll 1,459 3,616 1,577 7,493 5,075 9,070 INCOlE FROM CHARITABLE A[vITIEs 31.12.24 31.12.23 Residenlial &Day Lellings Loiig Temi Lcttings Comi))unity Total acliviiies Toial activities Biisy Bodies Niirsery & Insleps Dance Oilier Lettings Other Income D(iy Lellii)g Siraiegic Hcalih Board Resideiilial Vedding Incoiiie Car i)arking Vorking space 18.989 21,762 12,991 40,751 12,991 7,514 34,660 63,877 7Y,083 337 1,800 1,1119 37,037 16,SSX 683 44,426 57,837 99,961 947 900 130 7,514 34,660 63,877 79,083 337 1,800 1,189 207,449 34,753 242,202 258,S79 CHARITABLE ACTIVITIES COSTS SElPPOrt cosls (see ilole 7) Dircct Costs Totals Residei)lial & Day Lellings Long Tcmi Lclliiigs Coniinunily Calcriiig Services Developiiienl of Service8 67,244 122,628 5,869 189,872 5,869 106 25,431 106 3,500 2l,931 70,850 150,428 221,278 Page 12 contiiiued..
BISHOP MASCALL CENTRE FOUNDATION TIA LUDLOIV MASCALL CENTRE NOTF.S TO THF, FINANCIAI. STATF.hlF.NTS- contli)u FOR THE YEAR ENDED 31 DEcKlBFR 2024 SUPPORT COSTS Governaii¢¢ costs MaDagem¢nl Finance Totals Otlier resources expeiided R¢sidenlial & Day Letlings Loi)g Terni Lellings Coinmunity Developinejil of Seniices 12,941 122,294 S,869 21,931 6.851 19,792 122,628 S,869 21,931 3J4 163,035 334 6,851 170,210 Acdidty Maiiageiiieiit BASIS of Alloclltlon Floor space, staff time & iisage Support costs, ii)clud¢d in Ilie above, are as folloivs: Otjier resoiirces expeiided Residential &Day Lcttings Long Tenii Leltings Coinmiinity Ivages Propcrty & refurbishnient Ti)sui'aiice F.qiiipiiieiit costs Iii'ccovcrable VAT Adiiiiiiislralion Cosls oilier Professional Fees D¢precinlioii of IAn8ible assels Credit cai'd charg¢s Accoiiiltaiicy 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 S,869 31.12,24 31.12.23 Developmenl of Seic¢s Total aclivilies Total actiNTilies Vages Pi'operty & r¢fiirbishmcnt 1115Utallce Eqiiipinent costs I¢coverabl¢ VAT Adniiiiislralion Costs Oilier Professioi)al Fees Deprecialioj) of tangible assets Crcdil card cliaigcs Accouiilallcy 20,S15 1.416 58,695 63,794 7,046 7,360 7,071 170 48 18,851 334 6,8SI 48,673 42,126 6,740 11,873 159 2,362 18,324 289 5,129 21,931 170,220 135,675 Page 13 coiilinued...
BISHOP 11,tASCALL CENTRE FOUNDATION TIA LUDLOIV )qASCALL CF,prfRF, TE LQ THE FINANCIAL STATF.hlENTS - eondn FOR THE YEAR ENDED 31 DE EhlBER 2024 NET INCOfvIEI{EXPENDITURE) Nel income/(expend1rej is staled after char8ingl{cTediling)- 31.12.24 31.12.23 A¢¢ounlancy Depreciaiion - oivned ssel8 6,SSI 18,851 5,129 18.324 TRUSTEESI REMUNKRATION AND BENEFITS No reniiineralion direct or indirect was paid oiit of th¢ fiinds ol the ¢liarity for the ycar to 31 December 2024 nor for year eiKled 31 Decei)Iber 2023 to any Truslces or lo any persoii or peonS known lo be connecled to any of Ihein. Ti'ugtees, eypenses lil Decen)ber 2006 the Tnislees confirnied Ihal travel and otller reasonable expenses could be )'eimbiirsed lo Trustees and otl)er Comniillec nien]be as sel out iii Paragrnpli 48 of the Meniotaiiduni and Articles of tlie Assncialioii. Duriiig Ili15 year £NIL (2023-. £NIL) in respect of Iravel aiid sijbsistence costs ivas reiinbiirscd lo a ITusl¢c of tli¢ l)<irity. io. STAfi F COSTS 2024 2023 Ivages aiid Salaries Social Sccuriry Cos18 Pensioll 113,107 2,704 955 106,622 1,632 905 116.766 109,159 No einployee eamed more than £60.OtKJ. Th¢ average nuniber of paid slaft. for Ihe year were: 2024 2023 AdininistrAlion Full Tin)e PaTt Tin Ollier Full Time Part Time Total Tlie Foui)d&lion operateg defined conlribuiion pensioii sclienies independei)Ily adniii)islered by Friends Provident. Ivlio hold Ilie assets of Il)e scheiyies SepatelY froin the Foundatioi). Ainoilnls paid lo key n)anagcment personncl thiring the year were £41.012 (2023.. £37.307). Page 14 conliiiued.,
BISHOP h.IASCALL CENTRE fiOUNDATION TIA LUDLOIV {AscALL CENTRE OTF.S TO THE FINA -.lALTATEh1ENTs - eontlnu FOR THE YEAR LI NDLD 31 DECLNIBEII 2024 ii. Co.1PARATI}rs FOR THE STATEMENT OF FINI ANCIAL ACTlVtTIES Unrestricted Restrict funds funds Endown)ent funds Total nds Ih'COhlE AND Eh'DOIIIMI ENTS FROM Doiialioi)s and lega¥Tes 10,636 10,636 Cliarltable actlvltlcs Resideiilial & Day Lettings Long T¢mi Lclliii¥s Coi))Iniinily 222.547 36.032 222.547 36,032 Invesliiient income 9,054 16 9,070 Total 278,269 16 278,285 I XPENDITURE ON, Raisii)g fiiiids 2,936 2,936 Cliai'ltable acllvltles Residei)lial & Day Lcttings Long Temi Lellings Community Calcriiig Services Developiiient of Scrvices 171.758 6,497 122 22,182 171.758 6,497 122 22,182 Other 9,997 9,997 Total 213,492 213,492 NF.T INCOME Ti'aii$fei'¥ lJe¢ween (uiid5 64,777 (7.000) 16 64,793 7,000 Net niovemeiit lil funds 57,777 16 7,000 64,793 RECONCILIATION OF FUNDS Total fLinds brougl)I fonvard 1,175,239 638 623,000 1,798,877 TOTAL FUL)'DS CARRIED FORIIIARD 1.233.016 654 630,000 1,863,670 Page 15 continued...
BISHOP MASCALL CENTRE FOUNDATION TIA LUDLO ,IASCALL CENTRE TO THE FIIYANCIAI, STATF.NIF.NTS-contlnued FOR THE YEAR ENDED JI DECELIIBER 2024 12. TANGIBLE FIXED ASSETS Fixtures aIid fittiiigs Freehold properry Totals COST Ai l Jaiiuary 2024 Addilioiis 1,494,523 490,866 10,533 1,985,389 10,533 Al 31 December 2024 ,494,523 501,399 1,995,922 DEPRKCIATION Al l Jai)udry 2024 Charge for year 278,011 18,851 278,011 18,851 Al 31 Deccjllbcr 2024 296.862 296,862 NET BOOK VALUE Ai 31 Deceillber 2024 1,494,S23 204,S37 1,699,060 Al 31 DeceIber 2023 1,494,523 212,855 1,707,378 C05101' valualion ai 31 Decciliber 2024 is repr&8ented by- Land and Biiildiiigs Fixtures & Fittiiigs Tolal Vftluallort iii 2004 Vlllualion iii 2010 898,798 ( i 00,000) 898,798 ( i 00,()00) Cost 695,725 490,866 1,186.591 1,494,523 490.R66 1,985,389 FREI CHOLD PROPEIII'Y Fi'eeliold Property bove contsins £630.(KM) as endowmenl 4sselS, held on tnist by le Bisliop MasL&11 Leiitre Foiindalion 011 behalf of the Bishop Mascall TnisL Th¢ Cciitre con)prises of buildings and laiid Close to tlie ceiiire of Ludloiv, Iliese buildings and land l)aving o lolal value of £1,494,523 Tlie5e properties iverc Iasl Illed by Nock Deiglilon, Property Agcnts, Valuers, SueY0rs diid Aiictiojiccrs in 2010. Pa£e 16 eontinued...
BISHOP MASCALL CENTRE FOUNDATION TIA LUDLOIV IIIASCALL CENTRE NOTES TO THE FIAN_ IAL TATEhlEprrs - eoiitin riOR I"HE YEAR EI¥DED 31 DECENIBER 2024 13. I IXED ASSET INVESTMENTS Listed inveslnieiils fvIARKET VALUE Al l Janiiary 2024 Revaluations 57.769 3,616 At 31 Deceii)ber 2024 61 J85 NET BOOK VALUE Al 31 Decen)ber 2024 61,385 At 31 De¢einber 2023 57,769 Tliere ivcre 110 inveslmeill assets oulsidc thc UK. Cost or ValltIon at 31 December 2024 is represented by.. l.l.4ted liivtstjiienls Valualioi) in 2023 Valualioi) iii 2024 Cost 7,769 3,616 50,000 61,385 14. DEBTORS: AMOUNTS FALLING DUE IIIITHIN ONE YEAR 31.12.24 31,12.23 Trade debtors 011)er deblors Diie froni UnYeslrict¢d Fiiiid 24,637 7,584 1.128 143 143 24,78 8,855 Page 17 coiilinued...
BISHOP I¥IASCALL CENTRE FOUNDATION TIA LUDLOIV MASCALL CEF*TRE TES TO THF, FINAYCIAI. STAI'b4ilIENTS- contlii FOR THE YEAR ENDED 31 DECEI)IBER 2024 15. CREDITORS: ANIOUNTS FALLING DUE IVITHIN ONE YEAR 31.12.24 31.12.23 Trade creditors Social security and other taxes Due lo Restricted Fund Accnied expeiises 669 1,633 172 6,S23 194 472 172 8,245 8,997 9,083 16. MOVEMENT IN FUNDS Nel movemeni iii funds Traiisfers between lids Al 31.12.24 Atl.1.24 Uiirestj'lcted fui)d5 General fiind Revalualioi) Reserve Fund 1,007.131 225,885 5,639 1.013,281 225,N115 1,233,(IA6 5,639 1,2J9,166 Resti'lcted fuiids Reslricled Fund (Pl)asc l) 654 {sii) 143 Eiidoivnieiit fuiids Peri)Idli¢l)i Eiidoivii)enl Fiind Endoivniei)i RevRliialion ReseNe Fund 82,040 547,960 82,040 547,960 630,000 630,000 TOTAL FUNDS .A63,670 5,639 1,869,309 Nel iiiovenienl in fulld8, iiicluded iii ihe 8bove ore as folloivs: Re.souices expended Moveiiieiil in fiiiids resoiirtts Uiii'e5trlcted fiinds Gcncral fund 249,798 (244,159) 5,639 TOTAL FUNDS 249,7911 (244,159) 5,639 Page 18 conliniied..
BISHOP hlASCALL CENTRE FOUNDATION TIA LUDLOIV NIASCALL CENTRE NOTES TO THE FINAN IAL STATEhlENTS - eontlnued FOR THE YEAR LNDLD 31 DECEhlBF,R 2024 16. MOVEMENT IN FUNDS - toiitliiued Cojiipai'atives for iiiovenient In funds Net moveilieiit in fiuids Traiisfers bettveen fiinds Al 31.12.23 At l.1.2J Uni'esli'lcted funds General fiiiid Revaluation ResCe Fund 949.354 225,885 64,777 (7,000) 1,007,131 225,885 1,175.239 64,777 (7.000) 1.233,016 Restrl¢ted fund5 Restricled Fuiid (Phase l ) 638 16 654 Eiidoiyiiieiit fuiids Pen)iaiienl Eiidoivniciil Fui)d Endowiiieni Revalu4ilion Resenr Fund 75,040 547.960 82,040 547,960 623,000 630,000 TOTAL FUNDS 1,798,877 64.793 1,863.670 Coniparnlive net n)oveinenl in fiinds, included in the aboiie att As follows: li)coiniiig resources Resources expeiided m0veiii1t in funds Uiii'eslilcted fuiid5 G)eral fviid 278,269 (213,492) 64,777 Restrlcted fund5 Reslricled fuiKI (Pl)ase l) 16 16 TOTAL FUNDS 278,285 {213,492) 64,793 Page 19 conliilued.
BISHOP IIAASCALL CEPtrRE FOUNDATION TIA LUDLOIV IIASCALL CENTRE NOTES TO THE Ftr*AN IAL STATEITENTS - coiitiiiued FOR THE YEAR ENDED 31 DECEIBER 2 16. MOVEMENT IN FUNDS - eoiitlnued A Cuent year 12 n)onths ai)d prior year 12 month5 combined posilioii is as follows.. Nel n)ovci)ienl iii funds Transfers betweeii fui)ds Al 31.12.24 At 1.1.23 Uiii'estrlcted fuiids General fund Revaluulioi) Reserve Fund 949,354 225,885 70.416 (6,489) 1,013.281 225,885 1,175.239 70,416 (6,489) 1.239,166 Restrlcted fuiids Restricted Fuiid (Phase l ) 638 16 (511) 143 Eiidoii'i))eiit fuiids P¢mia¥Jenl Eiidoivineiit Fund Eiidoivnienl Revaluation Reserve Fuiid 75,040 547,960 7,000 82,040 547,960 623.(KNI 7.000 630,000 TOTAL FUNDS .798.877 70,432 1,869,309 A ciirrei)t year 12 nionilis oiid prior year 12 Inoi)1115 conibijied nel Inoveii)eiil iii fui)ds, incliided in the above Ilre as follows.. liiconiiiig resources Resources expended Moveniei)I in fiinds Uiii'tsti'lcled funds General fiind 528.067 (457,651) 70,416 Reslrlcled fuiids Reslricled Fui)d {PlIAsc l ) 16 16 TOTAL FUNDS 528,083 (457,651) 70,432 InLliided in thc iinreslriclcd gen¢rlll fuiid is £11,385 (2023: £7,769) of linAll5¢d gains frotn listed ii)veslinei)ts. 17. RELA TED PARTY DISCLOSURES Tl)ere ivere no i'cldled party trai)Si¢ clions for tlie year elided 31 Decen)ber 2024. Page 20 cotilii)ued...
BISHOP hlASCALL CENTRE FOUNDATION TIA LUDLOW ]¥lASCALL CENTRE NOTF.S TO THF, FtNANCIAI,,STATEhlENTS- eontliiued riOR THE YEAR ENDED 31 DEcEIlBER 2024 18. ULTIMATK CONTROLLIN'G PARTY There is no one uliin)ate controlling party. Page21
BISHOP LIIASCALL CENTRE FOitNDATION TIA LUDLOIV lAsCALL CENTRE DFTAII.ED STATEhlENT F FINAN'CIAL ACTtIqTtES FOR THE YEAR ENDED 31 DECEhIBER 2024 31.12.24 31.12.23 INcolE th'D ENDOIVMENTS Doilailons ot)d legaeles (Jranls & Donatioi)s 2,521 10,636 liivestnient income CBF & Baiik Intercsl Oihei. fixed assel invest - Fll 1,459 3,616 1,577 7,493 5,075 9,070 ClilliitAble actlipllles Busy Bodies Nursery 8L Insteps Daiice Oih¢r Lettiiigs Oilier Income Day Lctling Siralegie Health Board Residential Wedding Ii)coiiie Car parkitig Workiiig space 40,751 12,991 7,514 34,660 6J,877 79,083 .1.17 1,800 1,189 37,037 16,558 683 44,426 57,837 99,961 947 900 230 242,202 258,579 1'otAI iiicnniliig resoui'ces 249,7911 278,285 EXPENDITURE Raisiiig doiiAtloiis and leg4cles Wages 3.089 2,562 Otlier Ii'adlng actlvltles Bad debis Interesi payable 356 18 374 Cliai'ltable actii'ilie5 Wages Pensions Mai'keliiig Cost of siipplies Loaii iiileresl 54,027 955 3,SOO 12,368 57,020 905 4,267 12,331 358 70,850 74,881 Support Losls IMiiAgeiiienl Wages Carried forward 58,695 48.673 48,673 This page does noi forni part ofthe sla¢ulory financial statements Page 22
BISHOP MASCALL CENTRE fouNDATION TIA LUDLOIV hqASCALL CENTRE DETAILED TATEhlENT OF FINANCIAL ACTIVITIFS FOR THE YEAR ENDED 31 DEcE[BER 2024 31.12.24 31.12.23 Maiiagemeiit Brought fonvard Properly & refiirbisliinejil lJ)siii-ance Equipnieiit cosls Irrecovcrablc VA T Adniinislralioii Costs Oilier Professional Fees Dcprccialion of tsngible assets 58,69S 63,794 7,046 7J60 7,071 170 48 18,851 48,673 42,126 6.740 11.873 159 2,362 18.324 163,03S 130,257 FliiAiice Ciedit card charges 334 289 Gni'ei'nance costs Accoui)laiicy 6,851 5,129 Total i'esoiirces expended 244,159 213,492 Net liicoine 5,639 64,793 Tllis page does not fonn part of the slalulory financial Stalennts Page 23