IWYSTICAL ROSE ( A Company Limited by Guarantee) TRUSTEES, REPORT IIND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 111111111 *ACD2BG8T• 2W0912023 C(XAPANIES HOUSE REGISTERED COMPANY NUMBER: 06677290 REGISTERED CHAIUTY NUMBER: 1127579
MYSTICAL ROSE REPORT AND FANCIAL STATEMENrs YEAR TO 31 DECEMBER 2022 Cotttents Pa Charity Inforniation Trustees. Report Report of the Independent Examiner StateTnent of FinaJ)cial Activities Balance Sheet Notes to the Financial Ststements
MYSTICAL ROSE CIIARJTY INFORMATIOIY Trusiees". Mr D Williams- appointed 9 Match 2023 Rev I WalteTS- aPW)inted 9 March 2023 MTS L Williams- appointed 9 March 2023 Mr F Harwood - apwinted 9 March 2023 Mr G T Stephens Mrs J Boswell - resigned 9 Mar¢h 2023 Rev P Deeg8m - resigned 9 Mar¢h 2023 Mr B Gardner_ resioned 3 March 2023 Mrs E B Gonz4lez- resigned 3 March 2023 Mr S J Leigh - resigned 9 March 2023 Mr T Saul - resigned 9 March 2023 Mrs J M Stephens - resigned 9 March 2023 Company registered number 06677290 Charity registered number: 1127579 Regist¢r¢d offi¢e'. 23 Hillside East Barsham Fakettham Norfolk NR21 OLE Company secretary.. Mrs L Williams- appointed 9 March 2023 Mrs J M Siephens- resigned 9 March 2023 Independent Examiner Peter McKay Bsc FCA Jones Huni & Keelings Chartered Certified Aeeountants and Chartered Tax Advisers Broad House l The Broadway Old Hatfield Hertfordshire AL9 5BG Page I
MYSTICAL ROSE CHARrrY NUMBER: 1127579 TRUSTEES. ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2022 The Trustees (who are also directors of the charity for th¢ purposes of the Companies Act 2006) present their annual rewrt together with the financial staieTnents of Mystica] Rose (the chatity) for ihe year ended 31 December 2022. In preparing this report and these accounts, the trustees have adopted the provisions of the Statement of Recommended Practice.. Accounting and Reporting by Charities ('the Charities SOIiP IFRS102)') effective l January 2019. the special provisions of Part 15 of the Companies Act 2006 relating to small companies, applicable UK accounting standar(ts and the Chariti¢s Act 2011. The directors and company secreiary are listed on page l. As well as Mystical Rose. the charity operafrs under the name of 'Word & Spirit Ministries.. ORTECTIVES AND PRJJ¥CIPAL AaivrrIES The purpose of the charity is to preach and leach the gospel of Christ and to evangelise members of the Christian faith and others according to the doctrine of the Roman Catholic Church. In furtherance of this, the ¢harity's activities oJe- to write and develop Bible progrdmmes and seminats" to prepare and distribute books. magazines. brochures, newsletters and Gospel Trncts, using a variety of medi to run and attend conferences. rallies. parish and school missions. retreats. youth programmes and leadership ti'aining- to develop and conduct prayer meetings and missionary outreaches. and to do all things ancillary Èo furthering the objectives of the chariry. CHARITY ORGANISATION, STRUCTURE, GOVERNANCE AND MAI4ACEMENT Mystical Rose is registered as acharitable company limited by guardntee and is governed by its Memorandum and Articles of Association dated 20 August 2(K)8. It is registered a5 a charity with t1 Charity Commission. The policy of theChlty is de*Tmined by the Tntees, who meet regullY as a Board. Trustees are appointed in accordance with the provisÉons of the Articles of Association and receive no remuneration for their services. The Trustees deierniine their numkr, as they consider necessary, although this may not be less than three. If the Trustees ¢onsider a vacancy should be filled, they will d¢cid¢ whether specific skills ate required to ensure an appropriate balance on the Board. The Trusiees use their best endeavors to recruit new trustees. In addition to the financial and legal documents for the charity, all new Trustees are provided with the guidance available from the Charity Commission on the role of Trustees and are erkcourag¢d io be alert to issues that might affect the charity. ANNUAL GENERAL MEETING ('AGM') Th¢ It AGM look place on the 20 September 2022 at Our Lady's Presbytery) Raby Street,. Moss Side, Manchester. The next AGM is scheduled for autumn 2023. Page 2
YSTICAL ROSE CHARrfY NUMBER: 1127579 TRUSTEES. ANNUAL REPORT FOR THE YEAR ENDED 31 DKCEMBER 2022 {COrINUED) REVIEW OF ACTIVtTIES Throughout 2022 and as pan of 'charities working together.. the Charity has continued working closely with the Community of Chris( Prince of Peace ('Prince of Pea¢e'), a registered charity under number 1002998. For the greater corntnon good. Mr Stephen& in a consulting capacity. working with fellow volunteers carried out the following.. Project managed the delivery of the New Dawn Conference in Walsingham. Project managed New Dawn Men's Rosary Rally's across England. including at Manchester. Newcastle. Ponsmouth. Halif. Liverpool, Middlesborough. Wa15ingham, Oxford, Cambridge and Carlisle. Planned and delivered several retreats at Sacred Hean Catholic Church Gorton, Manchester. Delivered the Charity's foundational documents and key charity policie5' Further developed the Charity's volunieering community- Acted as Fundraising Manager including charitsble grAnt applications- and Managed finance and accounting on beha]f of the Charity. Furtherniore. working with the Men of Saint Joseph, Mr Stephens delivered teachings &t events in Newcastle and Liverpool. Throughout 2022, trustees of the Charity have maintained office adminisiration and accounting records. including payroll, gift aid records, rnonthly accounting spreadsheets and financial records. FINANCIAL REVIEW, RISK MANAGEMENf AND RESERVES Donation income in the year. in¢luding gift aid tsx re¢overable. amounted lo £44.876 (2021= £15,422), a rise of £29.454, together with the employwnent allowance of £3.133 (2021.. £4,044). Last year, the charity also received £23,617 under the Government's Job Retention Scheme. The charity's expenditure fell by £4.327. 10 £48.431 {2021= £52,758). Overa]I, this resul*d in a small deficit for the year of £422 (2021= £9,675). At the year-end. the charity had unrestricted reseThes of £6,358 (2021: £6,780). It is the Trustees. intention thai sufficient uncommitted funds should be held to meet three months. expenditure, which would equaie io approximately £12,IM)O. Reserves are thai part of a chariry's unrestricted funds th is freely available to on any of the ¢hatity's purposes. On this b&8iS, there was a shortfall in the Charity's reserves at the year-end. However, the Trustees have sought further funding after the year-end and they consider this policy is reasonable and the position, hopefijlly, will remedied in the forthcoming PLAI4NED TRUSTEE AND EMPLOYEE CHANCES 2023 Mr Stephens and Mrs Stephens left the Charity to thkc up full tiiiie ¢mployment with the 'Prince of Peace Community, at the start of 2023. At this time, ail exisiing Tnjstees resigned. with the exception of Mr Stephens who, for continuity purposes. will Continue as a Trustee foi an agreed period of time. Therefore. the Charity has transitioned io a new board of Trustees led by, fomier TTUStee. Mr Derek Williams. Also, he has become the person with most influence wiihin the Charity. Two new employees of the Charity will be employed. ensuring the Charity's objectives are met. Mystical Rose will continue to ffleet Charity objects during this transition period and the new board of TnleeS will agree and put in place a strategic fundraising plan. Page 3
IYSTIcAL ROSE CHARrry NUMBER: 1127579 TRUSTEES, ANNUAL REPORT FOR THE YEAR Ef4DED 31 DECEMBER 2022 (CONTINUED) FUTURE DEVELOPMENTS Transition and CoDtinuity: Mr Williams recenrly gave up his full-time position ai Walsingham Carholic Shrine in order to pursue a new career in evangelisation. CutTently. he does several presentations per week on Zoom with an international audience. He h&5 spoken atconferences both in the eharismaiic renewal, and on the topi¢ of the Gift of Living in the Divine Will by Luisa Piccarreta. With regards to the latter, MT Williams. invitations have all had approval of the local Bishop, whether they are in the UK oroverseas. He has interest in groups from Romania and Slovakia. plus around the UK. Mr Williams also rele5 regular teaching5 on YouTube where he has a srnall but eommttted following. He finds it a very useful medium for freely communicating Fus teachings on a global level. His desire is to promote his channel more effectively in 2023 with a m(MJest advertising bvdgeL Mr William5 currently does not use social medi4 but this is certwnly option he would consider if it could be fruirful. In the pt. he h&s found Facebook very e&sy and helpful when it comes to promoting YouTube videos Is the target audience can be selected quite carefully and a budget be easily managed. He has also been giving teachings on Radio Maria England every Tuesday afternoon from 4pm til Spm. This teaching is very popular and focuses on sacred scripture. He completed one series of (eachings from September through to December 2022. and another series is plarmed going forward. This teaching is voluntary, but it doe5 cause a spread of interest to his YouTube Che1. This also enables Mr Williams to support the ministry of Radio Maria E[bgIan which he is very enthusiastic about. Finally. Mr Williams was invited to be the lead evangelist for New Dawn 2023 by the Chaimian. Gary Stephens. The deiail as io whal this will look like is yet to be discussed or finalised, but it means that Mr Williams certainly spread the message of New Dawn and support this great conference in years to come. He has also been working on communicating with Marian Shrines in other ¢ountries in the hope of taking New Dawn further afield, though il is noted that New Dawn is wmewhat established in several countries. There is a wiential huge global audien¢e in this regard and he is very excited about the possibilities. FundiDg: Since giving up his work at the shrine June 2022, Mr Williams received a re&wnable amount of income from his evangelisation woJ. Funds have ¢ome frotn people in the UK who have benefitted from his teachings, and also from Romani8 and Slovaki& He hks also received offets of funds from America and others, who have promised to 5UPW)rt hi5 ministry going inio the future. His current expectation is to take a modest income from the Charity, to be approved at the next trustees, meeting. so that the financi bas¢ of th¢ charity can be built up. He Still works occasionally for the Walsingham Trust on an ad hoc basis via a zero hours ¢oDtra¢L which gives him a little bit of income. So he and his family can get by for a while without depending complely on the charity's funds. PUBLIC BENEFIT STATEMENT The TtU5tees confirm that they have complied with the duty. under the Charities Act 2011, to have given due regard to the Charity Commission's general guidance on public benefit. The Trustees ensure that this purpose is met for the public benefit by delivering services that are valued. and open to ail wiihout chaxge, thanks to the kind support of our donors. Page 4
MYSTICAL ROSE CHAIUTY NUMBER: 1127579 TRUSTEES, ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2022 (CONTINUED) RELATIONSIIIPS WITH OTHER CHARITIE The charity works closely with other charities with similar objectives. One of those charities is the Prince of Peace. Mr G Stephens. Mrs JM Sphen$ and Rev P Deegan were trustees of both charities during the year under review. RISK STATEMENT The Trusiees are actively involved in the daY-tdaY running of the charity. They have assessed thc major ris to which the charity is exposed and have saiisfled thernselves thai systems have been estsblished, or thal other appropriate measures have been taken, io miligale ihose risks, insofar as is ronablY practicable, but it is recognised that systems cannot give absolute assurance that risks have been eliminated. Procedures are in place to moniior risks a5$0ciated with handling cash, safeguarding young people and Matte associated with GDPR. The Trustees Continue Èo keep the charity's activilies under review, including consideration of any major risks thai might be preseni from lime to time. TRUSTEES, RESPONSIBILITIES STATEMENT The Trustees are responsible for preparing the Trustees, Report and the financial ststements in accordance with applicable laws arKi regulations. Company law requires the Trustees to prepare financial ststements for each financial year. Under company law, the Tnjstees must not approve the financial statements unless they are satisfied that they give a true and fair view of ihe state of affairs of the charitable company and of the incoming resour¢es and application of resources, including the income and expenditure, of the charitable company for that year. In preparing these flnancial staiements, the Trustees are required to: select suitable accounting policies and then apply them consistently- Tnake judgments and a¢counting esiimates that are re&sonable and prudent- Sta whether applicable accounting standards have been followed. subject to any material departures disclosed and explained in the financial sta(ements' and prepare the financial ststements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in operation. The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charitable cotnpany's transactions 2nd disclose with reasonable accuracy at any time the financial posltion of the ¢haritsble company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable comp&ny and hence for taking reasonable sieps for the prevention and detection of fraud and other irregularitie5. This report has been prepared in a¢¢ordance wilh the special provisions of Part 15 of the Companies Act 2006 relating to small companies. This report was approved by the TnLStees on 27 September 2023 and signed on their beha]f by.. Mr D Williams- Trustee Page 5
Indeptndent Examiner's Report to the Trllstees of Mystical Rose I report to the charity's trSteeS on my examination of the aecounts of the company for the year ended 31 De(embeT 2022. Responsibilities and bt75i5 of report As the charity's trustees of the company {and also the directors of the company for the purposes of company law), you are responsible for the prepardiion of the accounts in accordance wilh the requirements of the Companies Act 2006 Cthe 2006 Act,). Having satisfied myself that the accounts of the company are not required to k #udiEd undeT Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as Caled out under section 145 of the Charities A¢t 2011 ('the 2011 Act.). In carryino out my examination, I have followed all the applic2ble Dire¢iions given by the Charity Commission under section 145(5Xb) of the 201 I ACL Independent uaminer's slagepnent I have completed my examination. l ¢onfim that no material matters have come to my attention in connection wsth the ¢xatninaiion which Bives me cause to belheve that: accounling records were noi kept in accordarL¢e with seaion 386 of the 2006 Act. or 2. the accounis do not accord with such records- or 3. the a¢counts do not comply with relevant accounting requirements of section 396 of the 2006 Act. other than any requiremenl that th¢ a¢¢ounts give a and fail view which is not a matter considered as part of an independent examination- or 4. the accounis have not been prepared in accordance with the Charities SORP IFRS 102). I have no concerns and have come across no oiher matters in connection with the examination to which atteniion should be drawn in this report in order to enable a proper lderstandIng of the accounts lo be reached. PJ McKay Bsc FCA Jones Hunt & Keelings Chartered Certified Accountants and Chartered Tax Advisers Broad House l The Broadway Old Hatfield Hertfordshire AL9 5BG 27 Sepiember 2023 Page 6
MYSTICAL ROSE STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2022 Unrestricted Funds 2022 Total Funds 2022 Totsl Funds 2021 Not¢8 Income and Endowrnents from: Donations Other Total 44.876 3,133 48,009 44,876 3,133 48,009 15,422 27,661 43.083 Expenditure OD: Charitable A¢iivilies Other cosrs Total 47.131 1.300 48,431 47.131 1,300 48.431 51,458 1,300 52,7 et (expellditure)/income (422) (422) {9,675) Recon¢iliatiots of fttd$- Total funds brought forward 13 6.780 6,780 16,455 Total funds carried forward 13 6,358 6,358 ,780 The notes on pages 9 to 13 fonn an integral part of these accounts. Page 7
MYSTICAL ROSE BALANCE SHEET AS AT 31 DECEMBER 2022 Note5 2022 2021 Fixed assets Tangible &ssets io 50 208 Current *ssets Debtor Cash ai bank and in hand 5.303 2,073 7,376 2.734 5.315 Creditors due witbin one Creditors 12 1.068 1,477 Net CUTreDt assets 6.308 6,572 Net assets 6.358 Funds: Unrestricied funds Totsl fuDds 13 6.358 ,35 6,780 The Trustees consider that the charity is enlitled to exemption from the requirement to have an audit under the provisions of section 477 of the Companies Act 2006 and ffl¢fflbers have not required the charity to obtain an audit for the year in question in aecordance with section 476 of the Companies Act 2006. The Trustees acknowledge their responsibilitie5 for.. a) ensurinir that the charity keeps accounting records which ¢omply with se¢iions 386 and 387 of the Companies Act 2006. and b) preparing financial statements which give a true and fair view of the stste of affairs of the charity as &t the end of each financial year and of its income and expenditure for each financial year in a¢cordan¢e with the requirements of se¢tions 394 and 395 and which oiherwise comply with the requirements of the Cotnpanics Act 2006 relating to the fjnancial ststements. so far as applicable to the charity. The financial siatemenrs have been prepared in accordance with the 5peci#l provisions of Part 15 of the Coiiipanies A¢1 2(H)6 relating to small companies and with the Financial Reporting Standard apPlible in the UK and Republic of Ireland (FRS 102)- These financial statements were approved by the Board of Trustees and authorised for issue on 27 September 2023 and were signed on its behalf by: Mr D Williams - Trustee The nthes ort pages 9 10 13 forni an iniegral of these accounts. Page 8
MYSTICAL ROSE NEs TO THE FINANCIAL STATEMENTS FOR T1 YEAR ENDED 31 DECEMBER 2022 ACCOUNTINC POLICIES A.1 Basis of preparation of financial statements The fmancial statements have len prepared under the historical cost convention and in aecordance with Accountinct and Reporting by Chariiies.. sment of Recommended Practice (Charities SORP (FRS 102)) effective l January 2019, applicable UK Accounting Standard5, the Charities Aa 201 l and the special provision5 of Part 15 of the Companies Act 2006 relatinfw to small companies. My5ttcal Rose meets ihe defltIOn of a public benefit entity under FRS 102. The presentation currency of the financial st&ements is the Pound Srling (£). 1.2 Company status The charity 15 a company lifftited by ouarantee. regisiered in England and Wale5. The eer$ of the company are the Trustees natned on page l. In the event of the charity being wound up, every member of the company undeTtakes 10 contribute such amounts as may be required (not exceeding £10 per member) io the assets of the charity. IJ Fund accounting General fiLnd5 are Wlrestricted funds which are available for use ac the discretion of the Trustees in furtherdnte of the general objectives of the charity and which have not been designated for other purposes. Restricted fijnts are those funds can only be used for the purposes specified by the 1.4 Income Incomt 15 included within the ststement of fmancial aciivi(ies wlwi the charity is legally entitled to ihe income 2nd the amounl tan be quantified with reasonable accuracy. No atnounts are included in the financial statements for ihe setvices donated by volunteeTS. Income tax re£overable in relaiion to donations received under Gift Aid or deeds of covenant is retognised at the time of the donation. 1.5 Expenditure Expenditure 15 recogni5ed on an a£cTuals basis as the liability is incurred. Charitable expenditure comprises those costs incurred by the charity in the d¢liv¢ry of its activities for its beneficiaries. It includes both costs thai w be allocated direcily to such activities and those costs of an indirect nature necessary to support them. Other costs are those incutted in compliance with the constitutional and stathtory requirements of the charrty. 1.6 Tangible fixed assets and depreciation All fixed assers atre initially recorded at Cost. Tangible red assets are carried at cosL net of depreciation and any provision for impairrnent. Depreciation is provided ai ratrs calculated to write off the cost of fixed &8sets, less their estimated residual value, over th¢ir eXpted useful lives, as follows.. Computer equipmerti 251/bo per annum on a straight line basis. Office equiprnent 25¥0 per aTwwn on a straighi line basis. 1.7 Donaied services Servi¢¢s provided without ¢harge are included income and expenditlwe in these awjunts in respect of this item. 1.8 Interest receivable tnierest on tilnds held on deposit is included when receivable and the amount can be measured reliably by the charity. this is nomially notiflcation of the interest paid or payable by the bank. Page 9
MYSTICAL ROSE NOTES TO THE FINANCIAL STATEMENTS (eontitsued) FOR THE YEAR ENDED 3J DECEMBER 2022 ACCOUNTif4G POLICIES {eontinyed) Measurtrnent of finxneial instruments The charity has elected to apply the provisions of StIOn I I 'Basic Financial Instruments, and Section 12 '0ther Financial Instruments Issues, of FRS 102 to ail of its financial instruments.The charity's financial and liabilities all qualify as basic financial instruments that are initially recognised at Iransa¢tion value. Financakl assets and li8bslilies are oftse4 with th¢ net amounts presented in the financial ststements. when theie is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net b85is or to realise the asset and settle the liability simultsneously. Basic financial a55ets, which include debtors. are initially tne&8Uted * transaction price. including transaction costs. and e subsequently caTrked at amortised cost using the effective interest meth¢)d unle55 the arrangement ¢onstitute5 a financing transaction, where the transaction is measured at the present value of the future ieceipts discounied & a market rnte of interesL FinaJ]cial assets Classifed as receivable within one year are not amortised. 1.10 Going concer The accounts have been pared on a going COtKem b&8is & the Trustees believe that the chlty will continue for at least the next twelve months. 1.11 Covernment graDts Government grants. including those in respect of fijrloughed employees. are accounted foi on an a¢¢iuais basis and, as SUC are credited in the same peri¢)d as the costs to which the grants relate are charged to the SOFA. .12 Signific311t judgernents aDd estirnates Estimates and judgements are peri¢xiically ¢valuated and are bd on historical experience and other factors, including expectstions of fvrure events that are believed to be rtasonable under the circumstances. Actsal results may Iliffer frorn these estimates. The Trusiees do not consider that there are any significant estimates and judgements this year_ INCOME FROM DONATIONS 2022 2021 Donations Gift Aid recoverable 12.790 2,632 15.422 5,303 44,876 OTHER INCOME 2022 2021 Employment ailowAn¢e Job Retention Scheme Grants 3,133 4,044 2i,617 27.661 3.133 Page 10
MYSTICAL ROSE NOTES TO THE FINANCIAL STATEMENTS (contiDued) FOR THE YEAR ENDED 31 DECEMBER 2022 EXPENDITiJRE 2022 2021 Charitsble a¢iivities= Adrninistrative ¢xpenses TTavel and subsi5tencc Wages and Salaries Social security Depreciation 157 183 43.500 3,133 158 47,131 1,300 48,431 345 46,800 4.044 269 51,458 1,300 52,758 Other ¢osts - govemance costs Total expenditure 5. NET {EXPENDITURE)IINCOME 2022 2021 This is stated after charging.. - Depreciation of tangible fixed ets owned by the Charity Independent examiner's fee 158 1.300 269 1,300 DONATED SERVICES The Chity's Independent Examiner h&$ provided his services for a tlominal fee of £300 (2021.. £300). An additional sum of £l.000 (2021= £1.000) h&$ been included as income and expenditure in these accounts in respe¢t of this item. 7. STAFF COSTS 2022 2021 Staff costs were as follows: Wages and Salaries Social security 43,500 3.133 46.633 46,800 4.044 50.844 Th¢ average number of employees during the yeat was 2 (2021.. 2). No employee received remuneration amounting to more than £60.(KrfJ in either year. Key managemenr personnel are considered to be the trustees. Page 11
MYSTICAL ROSE IYOTES TO THE FINANCIAL sfATEMENTS (contiDued) FOR THE YEAR ENDED 31 DECEMBER 2022 TRUSTEES, REMUNERATION AND REIMBURSED EXPENSES During the year, remuneration of £33.600 (2021: £33.6) was paid Mr G Stephens. a director and trustee, and £9,900 (2021.. £13,200) was paid to Mrs J Stephens, Company se¢reiary 2nd trustee. The remuneration was paid in accordance with the provL5ions of the company's Memorandum and Articles of the Association, being the goveming documen( of the charity, and w&s authorised by the oihei directors and trustees in recognition of the services supplied to the charity by Mr G Stephens artd Mrs J Stephens, Ls an evangelist and main admÈnistrator. respectively. and was not in respect of their roles as directors and trustees. TAXATION Mystical R05e is a registered charity and therefore is not liable to t&ution on incoTne or gains derived from its charitable activities. 10. TANGIBLE FIXED ASSETS Computer uipment Office Equipment Total Cost At l January and at 31 De¢ember 2022 673 402 1,075 Depreciation At l January 2022 Charge for the year At 31 DecembeT 2022 616 57 673 251 867 158 1,025 352 Net Book value At 31 December 2022 50 50 At 31 December 2021 57 151 208 11. DE[oRs 2022 2021 Gift aid tax reVerable 5.303 2,734 12. CREDrroRS 2022 2021 Social security arKi other taxes Accruals 768 300 1.068 1,177 300 1,477 Page 12
MYSTICAL ROSE NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31 DECEMBER 2022 13. STATEMENT OF FUNDS- Current year Brought forward CatTied Forward In¢ome Exnditre Unrestricted fiLnds- General fijnds 6.780 48,009 (48,43 1) 6.358 STATEMENT OF FUNDS- Prior year Brought forward Carried Forward Income ExndItUre Unrestricted funds- General funds 16,455 43.083 (52,758) 6,780 STATEMENT OF FUNDS - A current year 12 mothths attd prior year 12 months combined ttet movement in funds Brought forward Catried Forward Income ExndItre Unrestricted funds- General funds 16.455 91.092 (101.189) 6.358 14. ANALYSIS OF NET ASSETS BY FUND Unrestricted Funds Restricted Funds 2022 Total Fixed Assets Current Assets Current Liabilities 50 7J76 (1,068) 50 7,376 (1.068) Total net assets at 31 Deeember 2022 6.358 6,358 15. LIABILITY OF MEMBERS The charity is constituted as a company limited by guarantee and has no share capitsl. The members, liahility is limited to £10 each. 16. RELATED PARTY TRANSACTIONS During the ye, the rharity re¢eived donations amounting to £920 (2021.. £5,120) from of its trustees. Page 13