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 Co1￿1)UnIty of
Ludloi4p and surrounding dislricls. The charity n￿S 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) care￿1 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 Se￿ICe$ 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 co1￿￿unIty 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 al￿01)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 DECE￿IBER 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 roofi￿ore 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 I￿spitaliSatio11 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 T￿Slee 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, GoVE￿NANCE 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 co1￿C 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 Actl￿tIeS
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 ￿lI￿S
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
To￿1 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 Tn￿teeS 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 Tn￿lee9.
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 lieadii￿s 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 Cl￿rity 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
INCO￿lE 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 DEcK￿lBFR 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
Se￿ic¢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/(expend1￿rej 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 pe￿onS 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 Sepa￿telY 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
-￿.￿lAL￿TATEh1ENTs - eontlnu
FOR THE YEAR LI NDLD 31 DECLNIBEII 2024
ii.
Co￿.1PARATI}r￿s 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 DeceI￿ber 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, Su￿eY0rs diid Aiictiojiccrs in
2010.
Pa£e 16
eontinued...

BISHOP MASCALL CENTRE FOUNDATION
TIA LUDLOIV IIIASCALL CENTRE
NOTES TO THE FI￿AN_
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 Vall￿tIon 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 ResC￿e 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
m0veiii￿1t
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 DECE￿IBER 2
16.
MOVEMENT IN FUNDS - eoiitlnued
A Cu￿ent 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 lin￿All5¢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 DEcEI￿lBER 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
INco￿lE 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 Stalen￿nts
Page 23