COMPANY REGISTRATION NUMBER: 5136364
CHARITY REGISTRATION NUMBER: 1105830
Mission in the Economy
Company Limited by Guarantee
Unaudited Financial Statements
31 December 2024
MATTOCKS GRINDLEY
Chartered accountants
18 Mulberry Avenue
Turnstone Business Park
Widnes
Cheshire
WA8 OWN

Mission in the Economy
Company Lirnited by Guarantee
Financial Statements
Year ended 31 December 2024
Page
Trustees, annual report (incorporating the director's report)
Independent examinerfs report to the trustees
Statement of financial activities (including income and
expenditure account)
Statement of financial position
Notes to the financial statements
The following pages do not form part of the financial statements
Detailed statement of financial activities
17
Notes to the detailed statement of financial activities
18

Mission in the Economy
Company Limited by Guarantee
Trustees. Annual Report (Incorporating the Director's Report)
Year ended 31 December 2024
The trustees. who are also the directors for the purposes of company law, present their report and the
unaudited financial statements of the charity for the year ended 31 December 2024.
Chairfs report
Ray Pealing - Interlm Chair
It would be remiss of me to open my report without paying tribute and off8ring enormous thanks to my
predecessor, Rev Canon Dr Crispin Palling, who guided Mission in the Economy for over 10 years prior
to his leaving sacred ministry and MitE in the middle of 2024. 1 wish him well in his new endeavours.
Whilst I was still attempting to get my head round his departure, my Trustee colleagues were already
plotting to elect me as Acting Chair. I was proud to accept. only because l am very proud of MitE and
all that it stands for.
We closed out a suGGessful 2024 with our finances slightly in the red. Time lo wor￿. Certainly not! Our
underlying finances are robust and we don't exist to make a profit.
Since our last Chairfs Report, we have grown from strength to strength, increasing our geographic
footprint into Sefton and Skelmersdale together with a re-strengthening of our relationship with Churches
Together Merseyside Region. Our volunteer base has grown. yet again, during the year.
Our existing strongholds of Merseyside Police, Liverpool John Lennon Airport. YMCA, St Helens.
Warrington and Liverpool City Centre have continued to flourish.
though I would normally avoid highlighting specific contributions, the events in Southport last July
ompel me to do so. The efforts of the PoliGe Chaplaincy, paid and unpaid, were truly Herculean and I
annot thank them enough for all that they delivered during those extremely difficult days.
To robustly continue our efforts into the future, we need to ensure we are resilient lo any pittalls ahead.
We shall, as a Board, spend some time during the coming year, bench-testing our Charity's Objectives
and analysing any perceived risks, financial or otherwise, which the Charity may face.
In closing. I would wish to thank all our stakeholders and benefactors for their financial contribution to
our work,. our Chaplains, both paid and unpaid. whose work ethic never ceases to amaze me. Finally, I
would wish to thank Laura and Emily at Head Office and my fellow TrusteelDirectors for their unstinting
support throughout the year.
Onward and upward!
Ray Pealing
Interim Chair

Mission in the Economy
Company Limited by Guarantee
Trustees. Annual Report (Incorporating the Director's Report) {¢ontlnuedl
Year ended 31 December 2024
Reference and administrative details
Registered charity name
Mission in the Economy
Charlty ￿gIStratIon number
1105830
Company registratlon number 5136364
Principal office and reglstered Liverpool Parish Church
office
Old Churchyard
Chapel Street
Liverpool
L2 8TZ
The trustees
Mr R Pealing
Mrs B Ellis
Mrs J Keefe
Rev Dr C A Palling
Rev Dr M Threlfall-Holmes
Rev Dr R J Reid
Mr SJV Eardley
(Retired 17 May 2024)
Company secretary
Mrs L Hutcheon
Independent examiner
G Mattocks FCA
18 Mulberry Avenue
Turnstone Business Park
Widnes
Cheshire
WA8 OWN
Structure, governance and management
The company was incorporated on the 24th May 2004 and registered as a charity on the 10th September
2004. The company began operating from 1st January 2005 and took over the assets, liabilits'es and
engagements of the Mission in the Economy, an unincorporated Trust, charity number 509749.
The company is limited by guarantee and is govemed by its memorandum and articles.
None of the Directors has any beneficial interest in the company. All of the Directors are members of
the company and guarantee to contribute £1 in the event of a winding up.
Mission in the Economy has taken out Indemnity Insurance for the TrusteeslDirectors.

Mission in the Economy
Company Limited by Guarantee
Trustees. Annual Report (Incorporating the Directorfs Report) (contlnu8d)
Year ended 31 December 2024
structure, governance and management (contlnu•d)
The Directors were originally appointed by the leaders of the Anglican Church, Roman Catholic Church
and the Free Churches in the area bounded by the Churches Together in the Merseyside Region. The
Co-ordinator who is responsible for the day to day activities, and Administrator are appointed by and
accountable to the Directors.
The Directors have assessed the major risks to which the charity is exposed, and are satisfied that
systems are in place to mitigate those risks.
Objectives and activities
The principal activity of the company is the furtherance of the mission of the Christian Church within the
economy and prinGipally in the economy in the North West of England.
PUBLIC BENEFIT
The Direclors have paid due regard to the Charity Commission's guidance on public benefit in deciding
the activities undertaken by the Charity in the year. The Directors are satisfied that the information
provided in the report and accounts meets the public benefit reporting requirements.

Mission in the Economy
Company Limited by Guarantee
Trustees. Annual Report (Incorporating the Director's Report) (continued)
Year ended 31 December 2024
Achievements and perforniance
2024 continued with our chaplaincy teams maintaining a strong presence within their respective settings.
As ever, the continued rise in the cost of living remains a wory for everyone, including businesses.
which has shaped the topic of conversations with our chaplains. Employees are worried about their job
security, employers are worried due to th8 imminent rise in the National Insurance Gontributions and the
uncertainty of their own finances, as well as the continued rise in grocery and fuel prices. Despite all of
this uncertainty in the economy, our chaplains have reported that their presence has been a welcomed
respite from the day to day worry of every day life.
Our teams within Liverpool John Lennon Airport, Merseyside Police, Liverpool Cty Centre, Warrington
and St Helens markets, Skelmersdale and the YMCA both in St Helens and Liverpool remain committed
to serving their settings.
As we move into 2025. we hope to maintain these strong relationships with our supporting partners and
support our service users with our usual grace and comforting presence as we all leam to live with the
changes within the UK economy.
I would personally like to express my continued thanks to all who are involved with Mission in the
Economy and would like to extend these thanks to the board of trustees who have been a pillar of
supportto us all. Our chaplains, both paid and volunteers, have worked extremely hard during 2024 and
have faced many challenges, induding some very distressing situations. Their dedication to chaplaincy
shines a light in the darkest of times.
To finish I would like to also thank Ray Pealing for stepping into the role of interim Chair of Trusteas
following the deparlure of Rev Canon Dr Crispin Palling who served as Chair of Mission in the Economy
for over 10 years.
We look ahead to 2025 and are ready to face any challenges that are put in our way.
Laura Hutcheon
Executive Director
February 2025
Flnancial review
During the year. net outgoing resources were £11,600 {2023." net incoming resources £8,297).
Unrestricted reserves at 31 December 2024 stand at £108,035 (2023.. £119,635).
RESERVES POLICY
It is the policy of the charity Ihat unrestricted funds which have not been designated for a specific use
should be maintained at a level equivalent to between three and six months expenditure. The trustees
consider that reserves at this level will ensure that, in the event of a significant drop in funding, they will
be able to continue the charity's current activities while Gonsideration is given to ways in which additional
funds may be raised. This level of reserves has been maintained throughout the year. Surplus funds are
placed on deposit with COIF or the Central Board of Finance of the Church of England.

Mission in the Economy
Company Limited by Guarantee
Trustees. Annual Report (Incorporating the Directorfs Report) (conllnued)
Year ended 31 December 2024
Plans for future periods
MitE plans to..
Explore new opportunities for chaplaincy around the region.
Develop training resources for new and existing workplace chaplains.
Continue to grow existing chaplaincy projects and events.
Financial instruments
Basic financial instruments are initially recognised at the amount receivable or payable including any
related transaction costs, unless the arrangement constitutes a financing transaclion, where it is
recognised at the present value of the future payments discounted at a market rale of interest for a
similar debt instrument.
Small company provisions
This report has been prepared in accordance with the provisions applicable to companies entitled to the
small Companies exemption.
The trustees, annual report was approved on .
trustees by:
26
and signed on behalf of the board of
R Pealing
Trustee

Mission in the Economy
Company Limited by Guarantee
Independent Examinerfs Report to the Trustees of Mission in the Economy
Year ended 31 December 2024
I report to the trustees on my examination of the financial statements of Mission in the Economy (Ihe
charity.) for the year ended 31 December 2024.
Responsibilities and basis of report
The trustees are also the directors of the company for the purposes of company law are responsible for
the preparation of the financial statements. The trustees consider that an audit is not required for this
year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination
is needed. l am qualified to undertake the examination by being a qualified memberof'AcGounting body..
Independent examlner's statement
I have completed my examination. I confirm that no matters have come to my attention in connection
wtth the examination giving me cause to believe..
accounting records were not kept in respect of the charity as required by section 386 of the
2006 Act; or
the financial statements do not accord with those records- or
the financial statements do not comply with the accounting requirements of section 396 of the
2006 Act other than any requirement that the accounts give a 'true and fai¢ view which is not
a matter considered as part of an independent examination" or
the financial statements have not been prepared in accordance with the methods and
principles of the Statement of Recommended PraGtice for accounting and reporting by
charities applicable to charities preparing their accounts in accordance with the Financial
Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
I have no Goncems and have come across no other matters in connection with the examination to which
attention should be drawn in this report in order to enable a proper understanding of the accounts to be
reached.
G Mattocks FCA
Independent Examiner
18 Mulberry Avenue
Turnstone Business Park
Widnes
Cheshire
WA8 OWN
/412f

Mission in the Economy
Company Limited by Guarantee
Statement of Financial Activities
(including income and expenditure account)
Year ended 31 December 2024
2024
Unrestricted
funds Total funds Total funds
2023
Note
Income and endowments
Donations and legacies
Investment income
123,679
2,070
123,679
2,070
141,547
1,934
Total income
125,749
125,749
143.481
Expenditure
Expenditure on charitsble activities
Totsl expendlture
137,349
137,349
135.184
137,349
137,349
135,184
Net ¢expenditure)lincome and net movement in funds
{11,600)
(11,600}
8,297
Reconciliation of funds
Total funds brought forward
Totsl funds carried forward
119,635
119,635
111,338
108,035
108.035
119,635
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from corstinuing activities.
The notes on pages 9 to 15 fomi part of these flnancial statemènts.

Mission in the Economy
Company Limited by Guarantee
Statement of Financial Position
31 December 2024
2024
2023
Note
Current assets
Debtors
Investments
Cash at bank and in hand
14
15
200
45,000
64,444
185
45.000
75,659
109,644
120,844
Creditors: amounts falling due within one year
Net current assets
16
1,609
1,209
108,035
119,635
Total assets less current liabilitles
108,035
119,635
Net assets
108,035
119,635
Funds of the charity
Unrestricted funds
108,035
119.635
Total charity funds
18
108,035
119,635
For the year ending 31 December 2024 the charity was entided to exemption from audit under section
477 of the Companies Act 2006 relating to small companies.
Directors, responsibilities-
The members have not reqUI￿d the company to obtain an audit of its financial statements for the
year in question in accordance with section 476.,
The directors acknowledge their responsibilities for complying with the requirements of the Act with
respect to accounting records and the preparation of financial statements.
These financial statements have been prepared in accordance with the provisions applicable to
companies subject to the small companies, regime.
These
fina
ial statements were approved by the board of trustees and authorised for issue on
.zfand are signed on behalf of the board by".
R Peal
ng
Trustee
The notes on pages 9 to 15 fonn part of these financlal statements.

Mission in the Economy
Company Limited by Guarantee
Notes to the Financial Statements
Year ended 31 December 2024
General information
The charity is a public benefit entity and a private company limited by guarantee, registered in
England and Wales and a registered charity in England and Wales. The address of the registered
office is LNerpool Parish Church. Old Churchyard. Chapel Street. Liverpool, L2 8TZ.
Statement of compliance
These financial statements have been prepared in compliance with FRS 102. The Financial
Reporting Standard applicable in the UK and the Republic of Ireland,. the Statement of
Recommended Practice applicable to charities preparing their accounts in accordance with the
Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (Charities
SORP (FRS 102)) and the Companies Act 2006.
Accounting pollcles
Basls of preparation
The financial statements have been prepared on the historical cost basis. as modified by the
revaluation of certain financial assets and liabilities and investment properties measured at fair
value through income or expenditure.
The financial statements are prepared in sterling, which is the fvnctional currency of th8 entity.
Going concern
There are no material uncertainties about the charity's ability to continue.
Dbsclosure exemptions
The entty satisfies the criteria of being a qualifying entity as defined in FRS 102. As such.
advantage has been taken of the following disclosure exemplions available under paragraph 1.12
of FRS 102.. (a) No cash fiow statement has been presented for the company.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates
and assumptions that affect the amounts reported. These estimates and judgements are
continually reviewed and are based on experience and other factors, including expectstions of
future events that are believed to be reasonable under Ihe circumstances.
Fund accounting
Unrestricted funds are available for use at the discretion of the trustees to further any of the
charity's purposes.
Destgnated funds are unrestricted funds earmarked by the trustees for particular future project or
commitment.
Restricted funds are subjected to restrictions on their expendtlure dedared by the donor or through
the terms of an appeal, and fall into one of two sub-classes: restricted income funds or endowment
funds.

Mission in the Economy
Company Limited by Guarantee
Notes to the Financial Statements (conllnu8dJ
Year ended 31 December 2024
Accounting policies (¢ontinued)
Incoming resources
All incoming resources are included in the statement of financial activities when entitlement has
passed to the charity- it is probable that the economic benefits associated with the transaction will
flow to the charity and the amount can be reliably measured. The following specific policies are
applied to Particular G8tegories of income:
Income from donations or grants is recognised when there is evidence of entitlement to the
gift, receipt is probable and its amount can be measured reliably.
legacy income is recognised when receipt is probable and entillement is established.
income from donated goods is measured at the fair value of the goods unless this is
impractical to measure reliably, in which case the value is derived from the cost to the donor
or the estimated resale value. Donated facilities and ServI￿S are recognised in the accounts
when received rf the value can be reliably measured. No amounts are included for the
contribution of general volunteers.
income from contracts for the supply of ServI￿S is recognised with the d81iv8ry of the
contracted service. This is dassified as unrestricted funds unless there 15 a contractual
requirement for it to be spent on a particular purpose and returned if unspent. in which case
it may be regarded as restricted.
Resources expended
Expenditure is reGognised on an accruals basis as a liability is incurred. Expenditure includes any
VAT which cannot be fully recovered, and is classified under headings of the statement of financial
activities to whiGh it relates..
expenditure on raising funds inGludes the costs of all fundraising activities, events, non-
charitable trading activities, and the sale of donated goods.
expenditure on charitable activities includes all costs incurred by a charity in undertaking
activities that further its charitable aims for the benefit of its beneficiaries. induding those
support costs and costs relating to the governance of the charity apportioned to charitable
activities.
other expenditure includes all expenditure that is neither related to raising funds for the charity
nor part of its expenditure on charitable activities.
All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs
attributable to a single activity are allocated directly to that activity. Shared costs are apportioned
be￿een the activities they contribute to on a reasonable. justs'fiable and consistent basis.
Tangible assets
All fixed assets are initially recorded at cost.
10

Mission in the Economy
Company Limited by Guarantee
Notes to the Financial Statements {¢ontlnu8d)
Year ended 31 December 2024
Accounting pollcies (contlnued)
Depreciation
Depreciation is calGulated so as to write off the cost or valuation of an asset, less its residual value.
over the useful economic lrfe of that asset as follows..
Fixtures and fittings
200/0 reducing balance
Impairnient of fixed assets
A review for indicators of impairment is carried out at each reporting date. with the recoverable
amount being estimated where such indicators exist. Where the carrying value exceeds the
recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for
possible reversal at each reporting date.
For the purposes of impairment testing. when it is not possible to ests'mate the recoverable amount
of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit
to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets
that includes the asset and generates cash inflows that largely independent of the cash inflows
from other assets or groups of assets.
For impairment testing of goodwill, the goodwill acquired in a business combination is, from the
acquisition date, allocated to each of the cash-generating units that are expected to benefit from
the synergies of the combination. iffespective of whether other assets or liabilities of the charity
are assigned to those units.
Financial Instruments
Basic financial instruments are initially recognised at the amount receivable or payable induding
any related transaction costs, unless the arrangement constitutes a financing transaction, where it
is recognised al the present value of the future payments discounted at a market rate of interest
for a similar debt instrumont.
Hedge accounting
Hedge accounting is used where the hedging relationship is designated, documented and
expected to be highly effective, and is only used for specific risks, as defined by FRS 102 section
12.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which
the related service is provided. Prepaid contributions are recognised as an asset to the extent that
the prepayment will lead to a reduction in future payments or a cash refund.
When contributions are not expected to be settled vtholly within 12 months of the end of th8
reporting date in which the employees render the related service, the liability is measured on a
discounted present value basis. The unwinding of the discount is recognised as an expense in the
period in which it arisos.
11

Mission in the Economy
Company Limited by Guarantee
Notes to the Financial Statements (¢onllnugd)
Year ended 31 December 2024
Limited by guarantee
The Charity is a Company Limited by guarantee and has no share capital.
Donations and legacies
Unrestricted Total Funds Unrestricted Total Funds
Funds
2024
Funds
2023
Donations
Donations and gifts
183
183
518
518
Grants
Anglican Diocese
Roman Catholic Archdiocese
URC Mersey Synod
Methodist District
Liverpool Airport
Warrington Borough Council
Merseyside Police
YMCA
CSL Seqirus
35,000
14,255
7,000
5.000
14,866
3,000
25.375
19,000
35,000
14,255
7,000
5,000
14,866
3,000
25,375
19,000
35,000
14,255
7,000
5,000
14,574
3,000
37,500
12.700
12.000
35,000
14,255
7,000
5,000
14,574
3,000
37.500
12,700
12.000
123,679
123,679
141.547
141.547
Investment income
Unrestricted Total Funds Unrestricted Totsl Funds
Funds
2024
Funds
2023
other interest receivable
2.070
2.070
1,934
1,934
Expenditure on charitsble activities by fund type
Unrestricted Total Funds Unrestricted Total Funds
Funds
2024
Funds
2023
Direct charitable activities
Support costs
135,574
1,775
135,574
1,775
133,264
1.920
133.264
1,920
137,349
137,349
135,184
135.184
Expenditure on charitable activitles by activity type
Activities
undertaken
directly
Support Total funds
costs
2024
Total fund
2023
Direct charitable activities
Governance costs
135,574
135,574
1,775
133.264
1,920
1.775
135,574
1,775
137,349
135.184
12

Mission in the Economy
Company Limited by Guarantee
Notes to the Financial Statements (￿ntinued)
Year ended 31 December 2024
Analysis of support costs
Analysis of
support costs
activity 1 Total 2024 Total 2023
Governance costs
1,775
1,775
1,625
10. Independent examination fees
2024
2023
Fees payable to the independent examiner for:
Independent examination of the financial ststements
660
660
11. Staff costs
The average head count of employees during the year was 7 (2023.. 7). The average number of
full-time equivalent employees during the year is analysed as follows:
2024
No.
2023
Number of staff
No employee received employee benefits of more than £60,000 during the year (2023: Nil)-
12. Trustee reMun0Th￿lon and expenses
no remuneration or other benefits from employment with the charity or a related entity were
received by the trustees
13. Tangible fixed assets
Fixtures and
fittings
Total
Cost
At 1 January 2024 and 31 December 2024
Depreciation
At 1 January 2024 and 31 December 2024
Carrying amount
At 31 December 2024
2,503
2,503
2,503
2.503
At 31 December 2023
14. Debtors
2024
2023
Prepayments and accrued income
200
185
13

Mission in the Economy
Company Limited by Guarantee
Notes to the Financial Statements (¢ontlnued)
Year ended 31 December 2024
15. Investments
2024
2023
Other investments - COIF charity funds
45,000
45,000
16. Creditors." amounts falling due within one year
2024
2023
Accruals and deferred income
Other creditors - pension
1,200
409
800
409
1,609
1,209
17. Pensions and other post retirement benefrts
Defined contribution plans
The amount recognised in income or expenditure as an expense in relation to defined contribution
plans was £1.841 {2023: £2,097).
18. Analysls of charitable funds
Unrestricled funds
At
31 December
2024
At 1 January
2024
Income Expenditure
General funds
119,635
125,749
(137,349)
108,035
At
31 December
2023
At 1 January
2023
Income Expenditure
General funds
111,338
143,481
(135.184)
119.635
14

Mission in the Economy
Company Limited by Guarantee
Notes to the Financial Statements (¢ontlnugd)
Year ended 31 December 2024
19. Analysis of net assets between funds
Unrestricted Total Funds
Funds
2024
Current assets
Creditors less than 1 year
Net assets
109.644
(1,609)
108,035
109,644
{1,609)
108.035
Unrestricted Total Funds
Funds
2023
Current assets
Creditors less than 1 year
Net assets
120,844
(1,209)
119,635
120,844
(1,209)
119,635
15

Mission in the Economy
Company Limited by Guarantee
Management Infonnation
Year ended 31 December 2024
The following pages do not fonn part of the ftnancial statements.
16

Mission in the Economy
Company Limited by Guarantee
Detailed Statement of Financial Activities
Year ended 31 December 2024
2024
2023
Income and endowments
Donations and legacies
Donations and gifts
Anglican Diocese
Roman Catholic Archdiocese
URC Mersey Synod
Methodist District
Liverpool Airport
Warrington Borough Council
Merseyside Police
YMCA
CSL Seqirus
183
35,000
14.255
7,000
518
35,000
14,255
7,000
ij
5.000
14,866
3,000
25,375
19,000
5,000
14,574
3,000
37.500
12,700
12,000
123,679
141,547
Investment income
Other interest re￿4vable
2,070
1,934
Total income
125,749
143,481
Expenditure
Expenditure on charltable activities
Wages and salaries
Employe¢s NIC
Pension costs
Insurance
Legal and professional fees
Office rent and rates
Travel
Chaplains
Events and outreach
Office expenses other
Training and subscriptions
Sundry expenses
48,173
3,325
1,841
825
1,775
3,180
610
76,113
161
645
192
509
46,378
2.723
2,097
657
1,920
3,180
1.447
70,512
836
1.110
2.698
1,626
137,349
135,184
Total expendlture
137,349
135,184
Net (expendlture)Ilncome
{11,600)
8.297
17

Mission in the Economy
Company Limited by Guarantee
Notes to the Detailed Statement of Financial Activities
Year ended 31 December 2024
2024
2023
Expenditure on charitsble activlties
Direct charitable activltles
Activities undertaken directly
Wages and salaries
Employerfs NIC
Pension costs
Insurance
Office rent and rates
Travel
Chaplains
Events and outreach
Office expenses other
Training and subscriptions
Sundry expenses
48.173
3,325
1,841
825
3,18D
610
76,113
161
645
192
509
46,378
2,723
2,097
657
3,180
1.447
70,512
836
1.110
2,698
1,626
135,574
133,264
Governance costs
Governance costs - accountancy fees
1.775
1,920
Expenditure on charitable activities
137.349
135,184
18