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2025-03-31-accounts

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COMPANY REGISTRATION NUMBER: 06528767 CHARITY REGISTRATION NUMBER: 1127110

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Mustard Seed (SW) Company Limited by Guarantee Unaudited Financial Statements 31 March 2025

HARLAND ACCOUNTANTS Chartered Accountants The Athenaeum Kimberley Place Falmouth Cornwall TR11 3QL

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Mustard Seed (SW)

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Company Limited by Guarantee

Financial Statements

Year ended 31 March 2025

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Trustees’ annual report (incorporating the director's report) 1
Chartered accountantsreporttotheboard oftrusteesonthe
preparation ofthe unaudited statutory financial statements		 _ 9 .
Statement offinancial activities (including income and
expenditure account) 10
Statement offinancial position 11 ,
. Notestothefinancialstatements 12

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Mustard Seed (SW)

Company Limited by Guarantee Trustees’ Annual Report (Incorporating the Director's Report)

Year ended 31 March 2025 rn

, 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 March 2025.

Reference and administrative details

Registered charity name | Mustard Seed (SW) Charity registration number 1127110 Company registration number. 06528767 Principal office and registered 14 Wendron Street office . Helston a Cornwall a TR13 8PS The trustees . Mrs M Burnett Mr A Hill : Mr C Martins (Appointed 22 January 2025) Se : wae ‘Ms E James eo . Be Mr D Terry os, _ a . MrsJ Colverson - Accountants ; Harland Accountants Chartered Accountants The Athenaeum Kimberley Place Falmouth , : . Cornwall TR11 3QL

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| . 7 Mustard Seed (SW) Company Limited by Guarantee Guarantee _ _ . Trustees' Annual Report (Incorporating the Director's Report) (continues) Year ended ended 31 March 2025 Structure, governance and management — - Governing Document _- . a ~~ The organisation is a charitable company limited by guarantee as defined by the companies’ act 2006, incorporated on 10th March 2008 and registered as a charity 9th December 2008. The company was established under a Memorandum of Association which established the objects and powers of the charitable company and is governed under its Articles of Association. In the event of : theexceedingcompany £1.being wound up through insolvency members are required to :contribute an amount, not

. 7 . Mustard Seed (SW) Company Limited by Guarantee Guarantee _ _ Trustees' Annual Report (Incorporating the Director's Report) (continues) Year ended ended 31 March 2025

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Organisational Structure . : Mustard Seed (SW) has a Board of Trustees/Directors currently consisting of six members with voting rights who meet approximately four times a year. The Development Manager, although not a trustee/director, is present at these meetings reporting back to the Board, taking to them recommendations for the advancement of the charity, and then bringing the Board's decisions back to the staff and volunteers for implementation. The practical day to day running decisions are delegated to the Development. Manager (assisted by the Administration team. working with him) within the framework decided by the Board. It is his responsibility to ensure the development of the team and * delivery of the charities objectives. Members of the board frequently call in and are in any case constantly available to give advice and, where necessary, give direction on any matter that may arise. , Recruitment and Appointment of the Board of Trustees/Directors on

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The directors of the company are also the charity trustees for the purposes of charity law and under the company's articles are known as the Board of Trustees/Directors.

, : meetingUnder theonerequirementsthird of theof membersthe Memorandumof the Boardand Articlesshall retireof Associationby rotationatbeingeach ableannualto generalpresent themselves. for re-election. Ail members of the Board give their time voluntarily and receive no benefits from the charity for their services as a director.

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Trustee Induction and Training a - = Trustees are selected for their skill set and therefore what they bring into and can offer the organisation is the primary concern. They are encouraged to spend time on the ‘shop floor’ both _ during the initial initial part of their appointment to absorb the ethos and method of operation of the charity and subsequently in order to to stay personally informed of developments developments at grass grass roots level. aa ~ Related Parties . Mustard Seed (SW) is an independent independent charity and not affiliated to any other organisation. It works with other bodies (statutory. and voluntary) to provide services to those: needing them. This includes local. Christian Churches, local authority Adult Care & Support, local schools/colleges, St Petroc's homeless charity, The The Lizard C.H.I.L.D. Trust, CAP, Citizens Advice and 'We are with you’. Advice and 'We are with you’. and 'We are with you’. 'We are with you’. are with you’. with you’. you’. on Further to this Mustard Seed (SW) operates and manages a foodbank as one of the charities projects by working in partnership with the Trussell Trust. Ot

Trustees are selected for their skill set and therefore what they bring into and can offer the organisation is the primary concern. They are encouraged to spend time on the ‘shop floor’ both during the initial initial part of their appointment to absorb the ethos and method of operation of the charity and subsequently in order to to stay personally informed of developments developments at grass grass roots level.

. Mustard Seed (SW) is an independent independent charity and not affiliated to any other organisation. It works with other bodies (statutory. and voluntary) to provide services to those: needing them. This includes local. Christian Churches, local authority Adult Care & Support, local schools/colleges, St Petroc's homeless charity, The The Lizard C.H.I.L.D. Trust, CAP, Citizens Advice and 'We are with you’. Advice and 'We are with you’. and 'We are with you’. 'We are with you’. are with you’. with you’. you’.

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: Mustard Seed (SW) } - : Company Limited by Guarantee Trustees’ Annual Report (Incorporating the Director's Report) (continued) Year ended 31 March 2025 t3 e eee - Objectives and activities 7 . . Purposes and Aims : The aims of the charity are best expressed by way of our mission statement:— a - “Mustard Seed exists to enhance physical and spiritual well-being and achieves this by demonstrating the love of God through positive community action”. This statement encompasses everything that we stand for, both the physical and spiritual. The holistic well-being of all with whom we come into contact, by demonstrating the love of God in a practical and _ supportingpositive wayantoindividualour community,with learningespeciallydisabilities,those whohelpingare localmostpeoplevulnerable.who areThisexperiencingmay be throughfood poverty, serving a cup of tea, supporting local businesses by buying local produce.

This is currently principally achieved through the different projects run by the Charity such as the Heiston & The Lizard foodbank, our Coffee Lounge, the Warmth Hub, or our work. and life skills training which Mustard Seed is engaged in with adults with learning disabilities, supporting them to achieve a greater measure of independent living, encompassing home, life and workplace skills and our Coffee Lounge which is a pop up community cafe that we run every Thursday at The Light and Life Centre on on Water-ma-Trout industrial Estate. In In addition Mustard Seed continues to provide work placement experience for students from local schools andcolleges, including those training for a career in social care. We aim to do whatever it takes to show the love of God in everything we do

Objectives for the next year . 7 To build on the existing work of Mustard Seed by consolidating, developing and enhancing our strengths whilst proactively dealing with challenges. Key points are: 1. Continuing to invest in and develop our training programme to be specific to the work which the charity is involved in, so that our most valuable asset - that being our staff and volunteers, feel empowered to undertake their roles. 7

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  1. Continual assessment and development of the life skills training programme and during 24/25 this involved a successful re-tendering for our accredited provision of this service to Cornwall Council. This side of the. charities work enables those we support to learn valuable life enhancing skills in a . Safe and nurturing environment, this being predominantly based on regular review and reassessment of each individual's needs. : . ;

  2. To review of all relevant policies and procedures, to ensure they are accessible and communicated to all who need to know.

. 4. To provide a hygienic, safe; inviting and value for money experience to all who use our facilities ok 5.-To actively show the love of Christ to our community by developing and getting involved in, social enterprise initiatives.

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6. To ensure our foodbank is relevant and meeting the need of those who require it.

: 7. To show our focal community that what we have to offer is more than a community space offering a foodbank and Warmth Hub, but that through various community projects using food as a medium,

Strategies for Achieving Objectives

  1. To develop our paid staff and volunteers, ensuring training is accessible, consistent, regular and documented, through the on-going development of a specific training programme tailored to individual's needs. ;

  2. Ensure that all relevant documentation for our accreditation as a placement provider, policies and procedures in regard to health and safety and food hygiene and all day to day book-keeping and accounting are up to date and filed correctly.

  3. To offer a good service with excellent support structures, fostering an environment of trust and acceptance which in turn encourages all those we come into contact with to gain greater selfconfidence, whilst growing as individuals towards reaching their individual potential, and encouraging _those we support to also help others with whom they also come into contact with.

  4. As a Community space we cater for a wide and diverse spectrum of local individuals, promoting ‘acceptance of individuals with a learning disability, individuals who have mental health issues and those experiencing homelessness. We provide a staff room, where those we support, along with the supervising staff and volunteers, can take their breaks together as we feel this helps to build strong working relationships and fosters an inclusive environment, while ensuring the community space is not overrun with people who are not customers during trading hours.

  5. We want to ensure the split of those we support and paid/volunteer staff is uniform and consistent, so that Mustard Seed can provide an excellent level of support and training for those we support in a , workplace environment to further develop the individual's skills, confidence and sense of self-worth.

  6. We encourage the team at Mustard Seed (both those we support and those supporting) to get involved in other community based local initiatives.

  7. We desire to increase the number of places available for those we support, diversifying our scope to provide support appropriate to the person, helping each individual that we support to further integrate in our local community and further afield

Staffing

We have a dedicated team of paid staff and volunteers led by the Development Manager which has steadily grown over the past fourteen years, all of whom have bought so much to Mustard Seed in terms of skills and quality of character, and we would struggle to undertake all that the charity does without our team of staff and very dedicated volunteers. We are extremely blessed to have such an amazing and capable group of highly motivated and competent individuals. They fulfill roles throughout the range of of activities, supporting those who are our service users. This includes the Coffee Lounge, foodbank and Warmth Hub community space to give some examples of the work they do, and all parts of the life skills training programme. All these activities provide opportunities for those we support to work and receive training moving them forward to more independent living.

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Mustard Seed (SW)

Company Limited by Guarantee Trustees' Annual Report (Incorporating the Director's Report) (continued)

Year ended 31 March 2025 nN

Achievements and performance

There have been a number of significant achievements and developments over the year to end of March 2025

The Open Door

The Community open space although predominately used for our foodbank project, has also been opened as a Warmth Hub community drop in centre following ongoing support grants from Volunteer Cornwall and the NHS joint project to provide a ‘Warmth Hub' during the past 12 months. While this has not produced any ‘sales’ as such the space has been a blessing to people struggling with being able to heat their own homes and instead have been able to come to a warm and welcoming space, rest, chat and have help regarding issues they may have where our team have been able to signpost those attending to other agencies that may be able to offer further help and advice if needed. The grant that we obtained, was to be used to help towards the staffing costs and utilities of keeping this community .drop in space available during that period and light refreshments were available to anyone attending on a donations based system. Our foodbank project has continued to use the space to distribute food to those in need every Monday, Wednesday and Friday.

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Coffee Lounge

This outreach uses space provided to us by the Light and Life Church based at Water-ma-Trout industrial estate in our town. Offering a large space where social distancing was easy to accomplish and helping to provide a simple yet good quality range of light refreshments this has grown and become a safe haven for many individuals who would like to get out, but in a safe way. This project has continued to grow and build pace and is very much appreciated by all who come along. People who are lonely, young families and young people alike have and are regularly attending and feel part of the community. Further help and signposting is made available if needed and has helped many in need. , , . Helston & Lizard food bank ;

Helston & Lizard food bank

The Helston and the Lizard Foodbank has continued to meet the need in the local area and we have seen the number of those using the service during the year at 1587 people fed (474 of whom were children). The foodbank continues to be extremely well supported by local churches and Christian organisations, and many local people. Mustard Seed continues to reach out to the wider community and provide a safe haven for people who are vulnerable and in need, as individuals call into the Open Door to collect their food boxes. During the past year the need has once again required the charity to provide a delivery system for such a widespread rural area especially for those who cannot use public transport or have no other means to collect the food. The delivery system has continued to be an extra expenditure with the use of the vehicle both in fuelAvear and tear/ associated costs and staffing costs. The Open Door historically has been the main collection point for the foodbank recipients and continues along with the Friday outlet in Mullion Methodist Chapel to be this vital link in combating food poverty in our local area.

Mustard Seed Training

Throughout the year much of what we have focused on is continuing to help prevent social exclusion and loneliness. The training kitchen on the first floor of the Open Door premises has also provided a conducive: environment for those we have managed to support our students preparing the food for both the Coffee Lounge and also a daily special meal for Students, Volunteers and staff members as well as members of the general public if needed. Each 'student' has a work folder which they work

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> Mustard Seed (SW) Company Limited by Guarantee - Trustees’ Annual Report (Incorporating the Director's Report) (continueg) Year ended 31 March 2025 ee ; through at their own pace. Each student is shown how to complete a task by working alongside a member of our team and then assessed using an observation checklist as and when they feel ready.

Christmas Hampers

Another project that has been operating now for the last 11 years and has grown significantly is our Christmas Hampers for families and individuals who would otherwise not be able to have a meal on Christmas day and during that time of year. 100 Hampers feeding 400 people were organised and delivered by a team of over 150 volunteers during the week before Christmas day with all deliveries taking place on Christmas Eve. This covered a very large area of over 125 square miles and all individuals and families were referred to us by professional agencies working within our community. We have amazing support from our local community in meeting the cost of providing these hampers. Many of the donations that are given to help cover the cost of this Christmas Hamper project are clear regarding the wishes of the donors in the communication we have with individuals and organisations. Some of these donations, even though clearly expressed to support the Christmas Hampers project, have been sent to us via bank transfer referenced ‘foodbank’, we have kept the email and paper trails to show what the original purpose of the donation is for. We just want to again reinforce that the Charity is Mustard Seed SW, with each. arm of the charity (foodbank, life skills training, Christmas Hampers, Warmth Hub etc) being a 'project' of Mustard Seed SW, these projects are separate but also. do cross over and are intertwined at times, in essence we are one team with different responsibilities, with one aim - to show the Love of God in practical ways to our local community. We really do appreciate all support from our amazing community and are aware that each project we operate can only do so because of this continued financial and practical support.

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: Mustard Seed (SW) . Company Limited by Guarantee . Trustees’ Annual Report (Incorporating the Director's Report) (continued . - Year ended31 March 2025 oc

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Financial review

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Risk management eo This is a faith-based charity and we celebrated 32 years of serving our community during 2024. This financial year the independently examined accounts showa loss for the year of £12,938. We have been so grateful for the support and financial giving from local individualsand some organisations making grants available, each have made such a massive difference to the Charity and enable us to continue to help those who are vulnerable in our local community through the various projects.

Approximately £61.5k of Mustard Seed's income is generated from Adult Social Day Care. The wide portfolio of activities and personal development opportunities for those we support with both private clients and also provided to Cornwall Adult Care & Support enable this work to progress.

The staff costs remain in being the largest expenditure of the charity. The freehold of 14 Wendron Street is owned by the Charity and there are no borrowings. __

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The Director to oversee the financial side of the charity, the Development Manager and Administrator deal with the management accounts,presenting regular reviews and updates to the Trustees / Director's meetings. The use of internet banking means that we are not reliant on monthly paper statements. but can check the actual position at the bank on a daily basis. This means that in the eventuality of any irregularities occurring they would become apparent sooner rather than later facilitating prompt action. It allows any of the Director's immediate access to view the bank accounts should they wish. oe ~ - ‘With a dedicated team of Directors, employees and volunteers, the Charity is well placed to continue improving its wide range of services and to explore new offerings to the general public. There were no payments made to Trustee's during the year.

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Financial position

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Restricted funds.

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As of 31st.March 2025 Mustard Seed liquid funds stood at £121.2k of this there were various - allocated funds totalling £13.8k and restricted funds of £35.7k thereby leaving £72.40k of unrestricted funds. The principle restricted funds relate to the Foodbank.

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Allocated funds.

It was agreed at a Trustees meeting on 27th July 2022 to re-allocate the vehicle renewal fund to now become the roof fund, this followed a structural building survey which highlighted the need to replace the roof covering, this fund as of 31st March 2025 stood at £4.6k and £1.2k is held for a Youth Café - Project. There is also one month's salary (£8k) held on reserve

Public benefit

Mustard Seed has and will continue to serve our local community in providing support and valuable training in life skills to the vulnerable of our community. We have seen ongoing success with those we support, individuals growing in self-confidence and motivation, helping to empower individuals to make informed choices and reach their full potential. Mustard Seed provides a safe environment for anyone to access what the Charity offers.

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Mustard Seed (SW)

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Company Limited by Guarantee

Trustees' Annual Report (Incorporating the Director's Report) (continuea)

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Year ended 31 March 2025

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Mustard Seed has continued to develop the Helston and The Lizard foodbank working with the Trussell Trust and while we have no desire to see the need to access this provision grow, Mustard Seed will continue to help and meet this need for the foreseeable future or until the need begins to subside. Growth is usually a good indication and healthy, and although we are glad to be seeing the foodbank expanding in one hand, we would be even happier and aim to see the need for people to access such a service diminish and eventually stop altogether. All of the above projects and services that Mustard Seed provide are a benefit to the public, providing services to those who need it wherever we can, that are ethical, of a high standard and always with the emphasis of showing the love of God in a practical way.

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 wubs.... and signed on behalf of the board of

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Mr D Teri Mrs J Colverson Trustee Trustee

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Mustard Seed (SW)

Company Limited by Guarantee

Chartered Accountants Report to the Board of Trustees on the Preparation of the Unaudited Statutory Financial Statements of Mustard Seed (SW)

Year ended 31 March 2025 eatenST As described on the statement of financial position, the trustees of the charity are responsible for the preparation of the financial statements for the year ended 31 March 2025, which comprise the statement of financial activities (including income and expenditure account), statement of financial position and the related notes.

You consider that the charity is exempt from an audit under the Companies Act 2006.

In accordance with your instructions we have compiled these financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to us.

HARLAND ACCOUNTANTS Chartered Accountants

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The Athenaeum Kimberley Place , Falmouth Cornwall TR11 3QL a

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Mustard Seed (SW)

Company Limited by Guarantee

Statement of Financial Activities (including income and expenditure account)

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Year ended 31 March 2025 en

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|||||||||| |---|---|---|---|---|---|---|---|---| |.|2025|2024| |Unrestricted|Restricted| |.|Note|funds£|_|funds£|Totalfunds£|Total|funds£| |Income|and|endowments| |Donations|and|legacies.|-|5|45,798|-|45,798|66,921| |Charitable|activities|6|97,110|18,341|115,451|95,288| |investment|income|7|3,065|-|3,065|2,928| |Total|income|:|145,973|18,341|164,314|165,137| |Expenditure|;|,| |Expenditure|on|charitable|activities|8,9|156,793|20,460|177,253|192,162| |Total|expenditure|156,793|20,460|177,253|192,162.| |Net|expenditure|and|net movement|in| |funds|(10,820)|(2,119)|(12,939)|(27,025)| |Reconciliation|of funds| |Total|funds|brought forward|138,999|37,782|176,781|-|203,806| |Total funds carried|forward|128,179|35,663|163,842|.|176,781|

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The statement of financial activities includes all gains and losses recognised in the year. Ali income and expenditure derive from continuing activities.

The notes on pages 12 to 22 form part of these financial statements.

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Mustard Seed (SW)

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Company Limited by Guarantee

Statement of Financial Position

31 March 2025

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||||||||| |---|---|---|---|---|---|---|---| |‘|2025|2024| |Note|£|£| |Fixed|assets| |Tangible fixed|assets|15|47,582|54,873| |Current|assets| |Stocks|16|5,517|2,799| |Debtors|17|19,517|18,511|;| |Cash|at bank and|in|hand|94,405|105,332| |119,439|126,642| |Creditors:|amounts|falling|due within|one year|18|3,179|4,734| |Net|current|assets|116,260|121,908| |Total|assets|less|current|liabilities|163,842|176,781|.| |Net assets|163,842|176,781| |Funds|of the|charity| |Restricted|funds|35,663|37,782| |Unrestricted|funds|,|128,179|138,999| |Total|charity funds|20|163,842|176,781|

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For the year ending 31 March 2025 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors’ responsibilities:

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies’ regime.

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2h221 jes..., financial andstatem ar e ntssignedwere on behalfapproved of theby boardthe board by: of trustees and authorised for issue on
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Mr D tere. Mrs J Colverson
Trustee , Trustee
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The notes on pages 12 to 22 form part of these financial statements.

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Mustard Seed (SW) | _ ae os | Company Limited by Guarantee aa . ee Notesto the Financial Statements , oe _ . oe -Yearended 31March2025 = # . oe a aan : 1. General information Oo . ~ ars = a ‘The ‘charity is a public benefit entity and a private company limited by guarantee, registered in oe as England. and Wales and a registered charity in England and Wales. The address of the ee! ~.” registered office is 14 Wendron Street, Helston, Comwail, TR13 8PS. - ce : aoe car as Statement of compliance os oe - . a ee e 5 aaa These financial: statements have been prepared in compliancewith FRS 102, ‘The Financial . oS a '- 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 . - fe a Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (Charities oS -. SORP (FRS 102)) and the Companies Act 2006. - , 3. Accounting policies a . - ee a eo aa Basis of preparation _ Beet a | ee cae_.-»7 ~ . © Therevaluation financialofstacer t ainementsfinancial have been preparedassets and liabilitieson theandhistoricalinvestmentcostpropertiebasis, a s measuredmodified byat the fair . ee oe value through income or expenditure. —-. : co The financial statements are prepared in sterling, which is the functional currency of the entity. ES Going concern oo a . zo : There are no material uncertainties about the charity's ability tocontinue. . Oe 7 Disclosure exemptions => ~ ao . | - ~ The entity satisfies.the criteria for being a small entity and has-thus taken advantage of the ; disclosure exemption from preparing a cash flow statement. ol Judgements and key sources of estimation uncertainty . ee a. ; The preparation of ‘the financial statements requires management to make judgements, a ... eStimates and assumptions that affect the amounts reported. These estimates and judgements arene are’ continually reviewed and are based on experience and other factors, including expectations foe .._ of future events that are believed to be reasonable under the circumstances. . ney ... Fund accounting : . eo ee - - ~ we - Unrestricted funds are available for use at the discretion of the trustees to further any of the . ae -.» charity's purposes. - a oo a os ee Designated. funds are unrestricted funds earmarked by the trustees for particular future project | ; Hoss ; or commitment. a De . 5 a veh ee Restricted funds are subjected to restrictions on their expenditure declared by the donor or 7 - through the terms of an appeal, and fall into one of two sub-classes: restricted: income funds or Eos endowment funds; | a : . .

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Mustard Seed (SW)

Company Limited by Guarantee

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Notes to the Financial Statements (continued

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Year ended 31 March 2025 rn

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Incoming resources

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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 categories of income: ee

Resources expended

Expenditure is recognised 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 which it relates:

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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 between the activities they contribute to on a reasonable, justifiable and consistent basis.

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. Mustard Seed (SW) Company Limited by Guarantee Notesto the Financial Statements (continued Year ended 31 March 2025 l earnt ee eat ie

3. Accounting policies (continued)

Intangible assets

Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses. Any intangible assets carried at revalued amounts, are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses.

Intangible assets acquired as part of a business combination are only recognised separately from goodwill when they arise from contractual or other legal rights, are separable, the expected future economic benefits are probable and the cost or value can be measured reliably.

Amortisation

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Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

Development costs - Straight line over 5 years - If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Research and development

Research expenditure is written off in the period in which it is incurred.

Development expenditure incurred is capitalised as an intangible asset only when all of the following criteria are met:

Expenditure that does not meet the above criteria is expensed as incurred.

Tangible assets

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Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

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- Mustard Seed (SW) Company Limited by Guarantee Notes to the Financial Statements (continueg Year ended 31 March 2025 ee

  1. Accounting policies (continued)

Tangible assets (continued)

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An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other recognised gains and losses, unless it reverses a charge for impairment that has previously been recognised as expenditure within the statement of financial activities. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other recognised gains and losses, except to which it offsets any previous revaluation gain, in which case the loss is shown within other recognised gains and losses on the statement of financial activities.

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||||||||||||||||||| |---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---| |Depreciation|;| |Depreciation|is|calculated|so|as|to|write|off|the|cost|or|valuation|of|an|asset,|less|its|residual| |value,|over the|useful|economic|life|of that|asset as|follows:| |Freehold|property|-|Straight|line over 20|years|;| |Short|leasehold|property|-|Straight|line over|life|of the|lease| |Plant and|machinery|-|20%|straight|line| |Fixtures and|fittings|-|25%|straight|line| |Motor vehicles|~|25%|straight|line| |Impairment|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.|

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For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cashgenerating 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, irrespective of whether other assets or liabilities of the charity are assigned to those units. :

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Financial instruments

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A financial asset or a financial liability is recognised only when the charity becomes a party to the contractual provisions of the instrument.

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- Mustard Seed (SW) | Company Limitedby Guarantee Notes to the Financial Statements (continueg Year ended 31 March 2025 , —eee$= $$$ 3... Accounting policies (continued)

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Financial instruments (continued

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‘ ~ Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs.

Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted. © . Debt instruments are subsequently measured at amortised cost. . Where investments in shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value. with changes in fair value recognised in. income and expenditure. All other such investments are subsequently measured : - at cost less impairment. . . i -. Other financial instruments, including derivatives, are initially recognised at fair value, unless ; payment for an asset is deferred beyond normal business terms or financed at a rate of interest oo :. that is not a market rate, in which case the asset is measured at the present value of the future a os payments discounted at a market rate of interest for a similar debt instrument. Co oe ‘Other financial instruments are subsequently measured at fair value, with any changes _ _’ recognised in the statement of financial activities, with the exception of hedging instruments ina - _ designated hedging relationship. oe “ Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised under the appropriate heading in the statement of financial activities in which the initial gain was recognised.

~ For. all equity. instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

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 wholly within 12 months of the end of the 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 arises. .

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Mustard Seed (SW)

Company Limited by Guarantee Notes to the Financial Statements (continued

Year ended 31 March 2025

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4. Limited by guarantee t

Mustard Seed (SW)is a company limited by guarantee governed by its Memorandum and Articles of Association. It is registered as a charity with the Charity Commission.Every member of the charity undertakes to contribute such amount as may be required (not exceeding £1.00)to the charity's assets if it should be wound up while he or she is a member or within one year after he or she ceases to be a member.

5. Donations and legacies

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5. Donations and legacies
Unrestricted Total Funds Unrestricted Total Funds
Funds 2025 Funds 2024
£ £ £ £
Donations
Donations
Gift aid giving		 22,921
6,877		 22,921
6,877		 29,945
8,441		 29,945
8,441
Grants
Grants 16,000 16,000 25,000 25,000
Grants receivabletype2 - - 3,535 3,535
45,798 45,798 66,921 66,921
6. Charitable activities
Unrestricted Restricted Total Funds
Funds Funds 2025
, £ £ £
Open doorCafe sales 14,904 - 14,904
General rent 20,682 - 20,682
Social services
Food bank		 61,524
_		 -
18,341		 61,524
18,341
97,110 18,341 115,451
. Unrestricted
Funds		 Restricted
Funds		 Total Funds
2024
£ £ £
OpendoorCafe sales
General rent		 17,560
12,078		 ~
-		 17,560
12,078
Social services 41,403 - 41,403
Food bank - 24,247 24,247
71,041 24,247 95,288
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7. Investment income
Unrestricted Total Funds Unrestricted Total Funds
Funds 2025 Funds 2024
£ &€£ £ £
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Bankinterest		 3,065 3,065 2,928 2,928

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Mustard Seed (SW) Company Limited by Guarantee

Notes to the Financial Statements (continuea) . Yearear endedene ee 31eeeMarch 2025eee

‘8. Expenditure on charitable activities by fund type .

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||||||||| |---|---|---|---|---|---|---|---| |Unrestricted|Restricted|Total|Funds| ||;|Funds|Funds|2025.| |£|£|£| |Direct|charitable|activities|.|149,873|-|20,460|170,333| |Support costs|6,920|-|6,920| |7|ce|156,793|20,460|177,253| |,|,|Unrestricted|Restricted|Total|Funds| |Funds|Funds|2024| |Direct|charitable|activities|.|166,116£|20,225£|186,341£| |Support|costs|5,821|-|5,821| |171,937|20,225|192,162| |9.|Expenditure on|charitable|activities|by|activity|type|©| |.|.|Activities|—| |‘undertaken|Totalfunds|Total|fund| |directly|Support|costs|2025|2024| |Direct|charitable-|activities.|170,333£|£|-|170,333£|186,341&£| |Governance|costs|-|6,920|6,920|5,821| |.| |;|,|170,333|6,920|177,253|192,162| |410.|Analysis of support costs| |,| |--|Analysis|of| |support|costs| |activity|1|Total|2025|Total|2024| |£|£|£| |Governance|costs|6,919|6,919|§,822| |41.|Net|expenditure|,| |_|Net expenditure|is stated|after charging/(crediting):|.| |:|2025|2024|-| |£|£| |Depreciation|of tangible|fixed|assets|7,292|7,704|

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_ Mustard Seed (SW)

' Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 31 March 2025

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|||||||| |---|---|---|---|---|---|---| |42.|Staff costs| |The|total|staff costs and employee|benefits for the|reporting|period|are analysed as follows:| |:|2025|2024| |;|£|£| |Wages and|salaries|115,257|118,651| |Social|security costs|;|645|866| |Employer contributions|to pension|plans|2,376|2,391| |118,278|121,908|

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|||||||||||||| |---|---|---|---|---|---|---|---|---|---|---|---|---| |The|average|head|count|of employees|during|the year was|14|(2024:|17).|The|average|number| |of full-time equivalent employees during the year is analysed as follows:|2025|2024| |No.|No.| |Number of|staff|14|17|

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No employee received employee benefits of more than £60,000 during the year (2024: Nil).

13. Trustee remuneration and expenses

14. Intangible assets

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||||||||| |---|---|---|---|---|---|---|---| |:|Developmen| |,|t|costs| |£| |Cost| |At|1|April|2024 and|31|March|2025|380| |Amortisation| |At|1 April|2024 and|31|March|2025|;|380| |AtCarrying31|Marchamount2025|,|-| |At 31|March 2024|~|

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Mustard Seed (SW)

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Company Limited by Guarantee

Notes to the Financial Statements (continue)

Year ended 31 March 2025 tae

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15. Tangible fixed assets assets assets ;
, Freehold —
property
£		 Short
leasehold
property
£		 Plantand
machinery
£		 ,
Fixturesand
fittings
£		 Motor
vehicles
£		 Total
£
Cost ,
At 1 Apr2024
and 31 Mar2025		 104,438 922 37,014 7,883 8,495 158,752
Depreciation
‘At1 Apr2024		 55,409 554 36,386 7,530 3,999 103,878
Charge forthe
year		 §,221 . 46 173 353 1,499 7,292
At 31 Mar 2025 60,630 - 600 36,559 7,883 5,498
Carrying amount
At31 Mar2025		 43,808 322 455 - 2,997 47,582
At 31 Mar2024 49,029 368 628 353 4,496 54,874
16. Stocks ;
2025 2024
£ £
Work in progress 5,197 2,499
Finished goodsand andgoodsfor resale 320 300
5,517 2,799
17. Debtors.
2025 2024
; £ £
Trade debtors 14,188 12,868
Prepayments and accrued income 5,329 5,643
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19,517 18,511

18. Creditors: amounts falling due within one year

Creditors: amounts falling due within one yearamounts falling due within one yearfalling due within one yeardue within one yearwithin one yearone yearyear
2025 2024
£ £
Trade creditors 237 927
Accruals and deferred income 2,302 2,031
Social security and othertaxes 640 ' 1,776
, 3,179 4,734

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Company Limited by Guarantee — oe Notes to the Financial Statements (continued) oo . —Yeara ended 31aMarch 2025_ _- - . - .

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19. Pensions and other post retirement benefits

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_... Defined contribution plans

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The amount recognised in income or expenditure as an expense in relation to defined contribution plans was £2,376 (2024: £2,391).

|||||||||||||||| |---|---|---|---|---|---|---|---|---|---|---|---|---|---| |20.|Analysis ofcharitablefunds||||a||||||||| |-'|Unrestricted funds|||—|oe||||||||| ||||,||||
At|||||;|At| |||||~|os|4|April 2024||Income|Expenditure 31 March|||2025| |:||:|||||£||£|;|£||£| ||~ General funds||||.||138,999||145,973||(156,793)|128,179|| |||||.|||At||||||At| ||.
.||||-|1April|April 2023||Income|Expenditure 31 March|||2024| ||||||||:
£||-£||£
.||£| ||Generalfunds||||470,046|||-|140,890.||(171,937)|138,999|| ||||||||||||||.| ||Restrictedfunds|funds|.|.|:||At||||||At| |||oe|||-.|1|April2024|-|‘Income|Expenditure 31 March|||2025| ||Restricted funds|||ee,|—||37,782||18,341|-|(20,460).|35,663|| ||||||||||||||| |oe||||a||-|At||||||At| |||Soe||||1|April 2023||Income|Expenditure 31||March|2024| |:.|Restricted|funds|||_||33,760||24,247...||.(20,225)|37,782||

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Company Limited by Guarantee ,

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Mustard Seed (SW)

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Notes to the Financial Statements (continued

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21. Analysisof net assets between funds . .

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oS Unrestricted Restricted Total Funds
a - Funds
£		 Funds
£		 2025
£
* Tangiblefixed
Current assets		 assets
-		 : 45,782
85,576		 —
35,663		 - 45,782
121,239
Creditors lessthan 1 year (3,179) - (3,179)
Net assets. 128,179 35,663 163,842
o Unrestricted Restricted Total Funds
. Funds Funds 2024
. ; £ £ £
Tangible fixed
Current assets.		 assets : 54,873
88,859		 -
37,782		 . 4,873
126,641
Creditors lessthan 1 year (4,733) - (4,733)
Net assets . 138,999 37,782 176,781

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