Charlty Registrativn No. 1129396 Company Reg15tr3tlon No. O687S037 (England and Wale51 MUSTARD SEED RELIEF MISSION ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024
MUSTARD SEED RELIEF M15510N LEGAL AND ADMINISTRATIVE INFORMATION Trustees L Smart S Mcwall C Walker Secretary Lsmart Charitynumber 1129396 Company number 06875037 Reglstered offSce 213 Kings Drive Eastbourne East Sussex BN212UJ Independent examiner Price & Company 30-32 Gildredge Road Eastbourne E35t Sussex BN214SH Soli¢itors Lawson Lewis Blakers 11 Hyde Gardens Eastbourne East Su55ex BN214PP
MUSTARD SEED RELIEF MISSION CONTETrtrs Page Tru5tees' report Independent examiner's report Statement of financial activities Balance Sheet Notes to the financial statements 6-14
MUSTARD SEED RELIEF MISSION TRUSTEE5' REPORT (INCLUDING DIRECTORS, REPORTI FOR THE YEAR ENDED 30 SEPTEMBER 2024 The trustees present thelr annual report and financial statements for the year ended 30 September 2024. The financial statements have been prepared in aecordance with the accounting policies Set out in note I to the financial statement5 and comply with the charity'5 Memorandum and Articles of Association, the Companles Act 2006 and "Accounting and Reporting by Charities.. Statement of Recornmended Practlce applicable to charities preparing their accounts in accordance with the Finèncial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 (effective l January 20191" Objective5 and artivitles Mustard seed Relief Mission is an international, non-governmental and non-political Charity. The object5 clause defTnes the charity's objects, as being- al to relieve sickness and financial hardship and to promote and preserve good health by the provision of funds, good5 or services of any kind in such part5 of the World as the Trustees from time to time moy think bl to advance the Christian faith in accordance with the Statement of Beliefs appearing in the schedule hereto in such parts of the world as the trustees of the Charity may from time to time thlnk fit and to fulfil such other purposes which are exclusively charitable according to the law of England and Wales and are connected with the charitable work of the Charity. Public beneflt The trustees have paid due regard to guldance issued by the Charity Commission in deciding what activities the charity should undertake. Achievements and performance We are proud to report that the ever so popular Love in a Box project 15 continuing to bring such joy to everyone who is involved. Thi5 project is a great way to end our busv vear. To see the warehouse filled to the brim with Christmas gifts is a wonderful sight. I know that the chlldren who receive these boxe5 get very excited from about October thinking about whit they will get for Chrlstmas. l also know how much they all appreciate the efforts of everyone who works so hard to keep the magic alive. Preparations are already in full flow to ensure we continue to send as much love to the children at Christmas as possible. Financial review There was a deflcit on the general fund actlvlties of £1,235 for the year, compared to a deficit of £7,650 In the previous year. Reserve pollry It 15 the policy of the charity that unrestricted fur*d5 which have not been designated for a speciflt use should be mzintained at a suitable level to maintain operations in the event of a significant fall in funding. A level of three months operating expenditure ha5 been set as a target. Rlsk poll¢y The trustees has assessed the major risks to which the charity is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks.
MUSTARD SEED RELIEF MISSION TRUSTEES, REPORT IINCLUDING DIRECTORS, REPORTI (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024 Strurturei governance 4nd management The charity is a company limited by guarantee and established on 9 April 2009. The assets of the unincorporated trust Mustard Seed Relief Mission were transferred across on l October 2009. The trustees, who are also the director5 for the purpose of company law, and who Served during the year and up to the date of Signature of the financial statement5 were.. L Smart S Mcwall C Walker Trustees are appointed by a majority vote of the existing trustees. Suitable training is provided. None of the trustees has any beneficial interest in the company. All of the trustees are members of the ompany and guarantee to contribute £1 in the event of a winding up. The charity is principally UK based with it5 headquarters in Eastbourne. The charity is managed on a day to day ba515 by its trustees and support staff, most of which are voluntary. The tr ees, r ort was approved by the Board of Trustees. L Smart Trustee Dated.. 6 June 2025
MUSTARD SEED RELIEF MISSION INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF MUSTARD SEED RELIEF M155ION I report to the tTU5tees on my examination of the financial statements of Mustard Seed Relief Mission (the charity) for the year ended 30 September 2024. Responsibillties and basis of report As the trustees of the charity land also Its directors for the purposes of company lawl you are responsible for the preparation of the financial statements in accordance with the requirements of the Companie5 Act 2006 (the 2006 Actl. Having satisfied myself that the financial ststements of the charity are not required to be audited under Part 16 of the 2006 Act and are ellgible for independent examination, I report in respect of my examination of the charity's financial statements carried out under Section 145 of the Charitie5 Att 2011 Ithe 2011 Act). In carrying out my examination I have followed all the applicable Directions given by the Charity Cornmis5ion under section 14515I{bl of the 2011 Act. Independent examiner's Statement I have completed my examination. l ¢onfirm that no matters have come to my èttention in connection with the examination giving me cavse to believe that in any material respect.. accounting record5 were not kept in respect of the charity as required by section 386 of the 2006 Act,. or the financial stètements do not accord with those records; or the financia I 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 falr 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 Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Flnancial Reporting Standard applicable in the UK and Republit of Ireland IFRS 1021. I have no concerns ar¢d 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 financial statements to be reached. Nathan Coker FCCA 30-32 Gildredge Road EastbouTne East Su55ex BN214SH Dated.. 6 June 2025
MUSTARD SEED RELIEF MISSION STATEMENT OF FINANCIAL AcfiviTIES INCLUDING INCOME ANQ EXPENDITURE ACCOUNT FOR THE YEAR ENDED 30 SEPTEMBER 2024 Unre5trirted Unrestrlcted funds funds 2024 ZOZ3 Ilotes Income from: Donation5 and legacies Investments 34,413 31,085 22 Total income 34,418 31,107 Expenditure on: Charitable activities 37,971 38,757 Total expenditure 37.971 38,757 Net expenditure and movement Sn funds 13,5531 17,6501 Reconciliation of funds: Fund balances at l October 2023 3,607 11,257 Fund balances at 30 September 2024 54 3,607 The statement of financial 3Ctivities includes all gains and losses recognised in the year. All income and expenditure derive from continuing artivities.
MUSTARD SEED RELIEF MISSION BALANCE SHEEr AS AT 30 SEPTEMBER 2024 2024 2023 Notes Flxed assets Tangible assets Current assets Debtors Cash at bank and in hand li 76 150 12 135 852 6,405 3,144 3.279 7,257 Creditors: amounts fallin8 due within one year 13 13.3011 13,8001 Net current Illabilltiesllassets 1221 3,457 Total assets less current Ilabllltles 54 3,607 Income funds Unrestricted funds 54 3,607 54 3.607 The company is entitled to the exemption from the audit requirement contained in sectlon 477 of the Companies Act 2006, for the year ended 30 September 2024. The directors atknowledge their responsibilitie5 for tomplying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements. The members have not required the company to obtain an audit of its financial statement5 for the year in question In accordance with section 476. These financial statements have been prepared in accordance wSth the provi5ion5 applicable to companies subject to the small companie5 regime. The fi cial s ements were approved by the Trustees on 6 June 2025 Lsmart Trustee Company Registration No. 06875037
MUSTARD SEED RELIEF MISSION NOTESTO THE FINANCIAL STATEMENT5 FOR THE YEAR ENDED 30 SEPTEMBER 2024 Accounting pollcies Charlty Informatlon Mustard Seed Relief Mi55ion is a private company limited by guarantee incorporated in England and Wales. The registered office is 213 Kings Drive, Eastbourne. East Sussex, BN212UJ. 1.1 Accounting conventlon The finantial statements have been prepared in accordance with the charity's governing document, the Companies Act 21J06, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" I"FRS 102,1 and the Charities SORP "Accounting and Reporting by Charitie5.' 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 IFRS 1021" leffective I January 20191. The charity 15 a Public Benefit Entity as defined by FRS 102. The charity has taken advantage of the provisions in the SORP for charlties not to prepare a Statement of Cèsh Flows. The financial statements are prepared in sterlingi which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £. The financial statements have been prepared under the historical cost convention. modified to Include the revaluation of freehold properties and to include Investment properties and certain financial Instruments at fair value. The prin¢ipal accounting policies adopted are set out below. 1.2 Going concern At the tme of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operatlonal existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements. 1.3 Charitable funds Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives unless the f unds have been deslgnated for other purpose5. The charity operates one general fund that can be used in accordance with the charitable objects at the discretion of the trustees. Distribution of Love in a Box has always been recognised a5 3 major work of the charity and is thus part of the general fund. Restricted fund5 are Subject to specific conditions by donors or grantors as to how they may be used. The purposes and u5e5 of the restricted fund5 are set out in the notes to the finanelal statements. Endowment funds are subjert to specific conditions by dor)ors that the capital must be rnaintained bv the charity.
MUSTARD SEED RELIEF MISSION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024 Accountlng pollcles {Contlnued) 1.4 Income Income is recogTri5ed when the charlty is legally entitled to It after any perforniance conditions have been met, the amounts can be measured reliablyi and it is probable that income will be received. Cash donations are recognised on recelpt. Other donations are recognised once the charity has been notified ol the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation t¢ donations received under Gift Aid or deeds of covenènt is recognised at the tome of the donatlor). Legacies are recogni5ed on receipt or otherwise if the charity has been notified of an impending distrlbutlon, the amount Is known, and receipt is expected. If the amount is not known. the legary is treated as a contingent asset. Revenue is measured at the fair value of the consideration received or receivable and represents amount5 receivable for 8ood5 and services provided in the normal course of business, net of discounts, VAT and other sale5 related taxes. 1.5 Expenditure Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third partyi It is probable that a transfer of economi¢ benefits will be required in setrlement, and the amount of the oblig3tlon can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct Costs and shared costs, including support cost5 involved in undertaking each activity, Direct costs attributsble to a single activity are allocated directly to that activity. 5h3red costs which contribute to more than one activity and support costs whlch are not attributable to 3 single activity are apportioned between those activities on a ba5&5 consistent with the use of resources. Central stsff c05ts are allocated on the ba515 of time spent, and depreciation charges are allocated on the portion of the asset's Use. Expenditure 15 ConISed In the period in which it is incurred and allocated to the particular cost centre to which it relates. 1.6 Tanglble flxed assets Tangible fixed assets are initially measured at cost and subsequently mea5LFred at cost or valuation, net of depreciation and any impairment10sses. Depreciation is recognised so as to write off the Cost or valuation of a55ets less their residual values over their useful lives on the following bases: Computers Motor vehicles 3 year5 on a Straight line basis 5 year5 on a straight line basis The gain or loss arising on the disposal of an asset Is determined as the difference between the sale proceed5 and the carrying value of the a55et. and is recognised in the statement of financial activities.
MusfARO SEED RELIEF MISSION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024 Accountlng pollcles IContlnued} 1.7 Impairment of fixed assets At each reporting end datè, the charity reviews the carrying amounts of its tangible asset5 to determine whether there is any Indication that those asset5 have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment105s lif any). 1.8 Cash and cash equivalents Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or le55. and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilitie5. 1.9 Flnancial instruments The charlty hès elected to apply the provisions of Section 11 'Basic Financial Instruments, and Sedion 12 '0ther Financial Instruments Issues, of FRS 102 to all of its financial instruments. Financial instruments are recognised in the tharity's balance sheet when the charlty becomes party to the contractual provisions of the instrument. Financial assets and liabilitles are offset, with the net amount5 presented in the financial statements, when there is a legally enforceable right to set off thè recognised amounts and there is an intention to settle on a net basls or to realise the asset and settle the liability slmultaneously. Basic financial 355ets 15ic financial a55et5, which include debtors and c35h and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised tost using the effective interest method unless the arrangement constltutes a finoncing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as Teceivable within one year are not amortised. 8asit financial liabilities Basic financial liabilities, including creditors and bank loans are initially recognlsed at transaction price Ltnless the arrangement constitutes a financing transaction. where the debt Iristrument 15 measured at the present value of the future payrneNt5 discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised. Debt instrumerbts are subsequently carried at amortised cost, Using the effettive Interest rate method. Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or le55. If not, they are presented as non-current liabilitie5. Trade creditors are recognised initially at transaction price and subsequently measured at amortlsed cost using the effective interest rnethod.
MUSTARD SEED RELIEF MISSION NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI FOR THE YEAR ENDED 30 SEPTEMBER 2024 Accountlng pollcles Icontlnuedl Derecognition of financial liabilities Flnanclal liabilities are derecognised when the charity's contractual obligations expire or are discharged or cantelled. 1.10 Taxation In the opinion of the trustees, the incorne of the charity is not subject to Income or Corporation Tax. 1.11 Employee beneflts The cost of any unused holiday entitlement Is recognised In the period in which the employee's services are received. Termination benefit5 are recognised immediately as an expense when the charity is deTnonstrably commltted to terminate the employment of an employee or to provide termination benefits. I.IZ Forelgn exchange Transactions denominated in foreign currencies are recorded at the rate ruling at the date of the transaction. Monetary assets and liabilities are denominated in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. All differences are Included in the net outgoing resources. 1.13 Glfts In klnd Blankets, clothing and other gifts received and given to overseas projects are not included in the financial statements. The trustees consider that it would be both Impossible and impractlcal to measure the fair value cf the many gift5 that are donated to the Charity throughout the year. Crltlcal accountlng estlmates and Jud8ements In the application of the charity's accountlng policie5, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated a55umptions are based on historical experience and other factors that are considered to be relevant. Actual result5 may differ from these estimates. The estimates and underlying a5SUmPtions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the perlod in whlch the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
MUSTARD SEED RELIEF MISSION NOTES TO THE FINANCIAL STATEMENTS (CONTINUEDI FOR THE YEAR ENDED 30 SEPTEMBER 2024 Donations and legacies Unrestrlcted fund5 Totsl 2024 2023 Donations and gifts Legacie5 receivable 34,413 11,085 20,000 34,413 31,085 Income from investments Unrestrirted Unrestrlcted fund5 funds 20Z4 2023 Interest receivable 22 io-
MUSTARD SEED REUEF MISSION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024 Charitable artlvlties 2024 2023 Love in a box costs Transport, travel and oversea5 SUPPOrt Donations 3,568 3,536 2,000 2,885 9,977 9,104 12,862 Share of 5UPPOrt costs (see note 61 Share of governance costs15ee note 61 27,867 1,000 24,845 1,050 37,971 38,757 Analysis by fund Unrestricted funds 37,971 38,757 Support tosts allocated to activitles 2024 2023 stsff costs Depreciation Printing and Stationery Computer expense5 Repairs and other storage costs Telephone Sundry Governance costs 8,000 74 6,922 371 11.995 356 149 17,300 373 6,600 197 27 1,050 28,867 25.895 Analy5ed between: charitable activitie5 28,867 25,895 -li-
MUSTARD SEEO RELIEF MISSION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024 Net movement in funds 2024 2023 The net movement in funds is stated after charging/lcredltlng}: Depreciation of owned tangible Ilxed assets 74 373 Trustees Lisa Smart, Trustee was paid £012023.. £01 for use cf home and premises as office/stora8e during the year. Employees The average monthly number of employees during the year was.. 2024 Number 2023 Number Employment costs 2024 2023 Wages and salaries 8,000 17,300 There were no employees whose annual remuneration was more than £60,000. 10 Taxation The charity is exempt from taxation on its activities because all its income is applied for charitable purposes. 12.
MUSTARD SEED RELIEF MISS1014 NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024 11 Tangible fixed asset5 Cornput8rs Motor vohl¢le8 To¢al Cost At l Ottober 2023 2.453 4,SOO 6,953 At 30 September 2024 2,453 4,500 6,953 Depreclation and impalrment At l October 2023 Depreciation charged In the year 2,303 74 4,500 6,803 74 At 30 September 2024 2,377 4,500 6,877 Carrylng amount At 30 September 2024 76 76 At 30 September 2023 150 150 12 Debtors 2024 2023 Amount5 falllng due within one year: Other debtors 135 852 13 Credltors: amount5 falling due within one year ZDZ4 2023 Accruals and deferred income 3,301 3,800 -13-
MUSTARD SEED RELIEF MISSION NOTES TO THE FINANCIAL STATEMENT5 (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024 14 Unre5trlrted funds The unrestrlcted funds of the charlty comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and Erantors as to how they may be used. These include designated fund5 which have been set aside out of unrestricted funds by the trustees for specific purposes. At l October 2023 Incomlng resources Resources At30 expended September 2024 General funds 3,607 34,418 137,9711 54 Prev5ou5 year: At i ortober 202Z Incoming resources Resources At30 expended September 2023 General funds 11,257 31.107 138,7571 3,607 14-