REGISTERED COMPANY NUMBER: 07432142 IEnRland and Wales) REGISTERED CHARITY IYL'MBER.. 1148364 Report of the Trustees and Unatsdited FiNgnci#l Statements for the Year Ended 30 June 2024 for The Mytchett Mini$trte5 Trading as The CharitTr Aid Store Corporate Finance Solutions Ltd Fernhill Cottage Femhill Lane. Hawley Camberley. Surrey GU179HE
The Mytehelt Ministries Trading as The Charity Aid Store Contents of the Financial Staternents ror the Year Ended 30 June 2024 Page Report of the Trustee5 Independent Examiner's Report Statement of Finanelal Activifies Balance Shett Notes to the Financi81 Statements 7 to 10
The Mytchett Minislries Trading as The Charity Aid Store Report of the Trustees for the Year Ended 30 June 2024 The tW5tees, two of whotn are also directors ol. the charity for the purpos¢s of ihe Companies Act ?006. present their r¢pon with the financial siatement5 of the Lharity for the year ended 30 June 20? l. The tTUStees have adopted the provisions of Accounting and Reporting b) Chariiie5.' Sraiement of Recommended Practice applicable to chariti¢s preparing iheir accounts in accordance wilh Ihe Financial Reporttng Sthndard applicable in the UK and Republi¢ of Ireland IFRS 10?} letTective l January 7019). O&JECTIVES AND ACTIVITIES Objectives and aims The MJt¢hett Ministries is a r¢gisiered charity whose objects are the relief of poverty iTt the local ar¢a. The charity operaies a Shop which provides fumiiure and other gLX)ds to those in need. Signiftcant activities "Irading has been steady since the last report. The manager of ihe shop continues to meet cashflow expectations. We provided funding to local charities of £20.799 during the year. Part of ihis lunding> came from retained reserves from prcvious years. The Staiement of Financial Acrivitles shows a deficit for the j'ear after that funding of £8,958 12023.. £9,673). The charity's work has continues to be impacted by other similar charities in a 400 yard radius. but we hold our own by otTering competitive prices, reductions where necessary, and are confideni ihat we are giving a good service to our custorners. The Trusiees are confident that changjes made in ihe running of th¢ charity result in lower overall staffing Costs, resulting in a tter overall trading re5uIt. Because the Economic situaiioft is still challenging. we continue to find ihat w¢ have customer5 willing to spend more on second hand goods rather than purcha5¢ new. The planned redevelopment of London Road opp051te ihe store in early 2025 will present some ¢halleng¢s and opportuniries. The warehouse used by the store to iemporarily keep larger good prior io being moved io the siore 15 going to be demolished which will create some operational diffieulti¢s. There will also be cosrs associated with the clearance prior to ir being handed back to Surr¢y Heaih Borough Council. British Heart foundation has a larg¢ siore on Obelisk Wa}, which will close in early 20?5. To th¢ best of our knowledge this will mean that the Lharity Store 111 then become th¢ onl> Charity store in Camb¢Tley s¢lling fllmiture. There has been a general decline in footfall in The Square which in tum has led to low customer numbers visiting the store. Public benefit The Trusiees confirtn thai they hav¢ referred to the guidance contained in the Charity Commission's General Guidance on Public Benefii when reviewinb the Charity's aims and objectives in planning Illre activity". Grantmaking The profiis generat¢d by the shop are donaced to local charities to help their work amongst those in ne¢d. Volunteers The charity s activities are facilitated by I volunteer as part lime member of scaff in the shop. STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document The compan) is limiied by guaraniee and is govemed by its Memorandum and Articles of Association dated 16 February 2011. Charitv constitution The Company is registered with the Charity Cornmission which was granted on 13 July 2012. Page I
The Mytchett Ministries Trading as The Charit). Aid Store Report of the Trustees for the Year Ended 30 June 2024 STRUCTURE, GOVERNANCE AND MANAGEMENT Recruitment and appointment of truSlees Th¢ appointm¢ni of Tmstees is undenaken by the Trustee5. Every year one third of ihe trustees must retire from office but are eltgible for reappointment. Organi5ationAI structure Administration of the affairs of Ihe charity. is carried out by the Trustees, who me¢1 Tegularly throughout the year. Meetings are attended bj the majority of the Trustees and other invitees as required. Trnst¢¢5 are always in the majority on the Comrnittee. In addition. the Trusie¢s meei as r¢quired and at least once a year. Risk rnanagernent The trustees have a duty to identify and review the risks io which ihe charity is ekpo5ed and to ensure appropriaie controls are in place to provide reasonable assurance agiainst fraud and eOr. REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number 07532152 (England and Wales) Registered Charity number 1148364 Registered orriee Mytchett Bapiist Church M}Ichett Road Mytchett Camberley Sllrrey GU16 6ES Trustees The directors of the Charitable Companv (the Charity) and its trusiees for th¢ purpose of Charity Law throughout this repon are Collectively referred to as th¢ trusices. The TrusEces serving throU)0u1 the period (except as noted) and since the year end, were as follows, and ihe director5 are noted below.. Dorgihy Franklin Andrew Goodsell ChTlStopher Russell Hazel Tirnrns Anihony Tweh Director Director died 17 Au¥ust 2023 Director appointed 25 September 2023 Independent ExamiNer P J Sudell Corporate Financ¢ Solutions Ltd Fernhill Cottage Fernhill Lane, Hawley Camberley. Surrey GU179HE Page 2
The Mvteheti Ministrie5 TrAdiNg a5 The Charity Aid Store Report of the Trustees for the Year Ended 30 June 2024 This repon has been prepared in a¢¢ordance with the special provisions of Pan 15 of the Companies Act 2006 relating to Small companies. Approved by order of the board of trustees on ............................................. and sigll¢d on its behalf by.. A Tweh - Trustee Page 3
Independent Examiner's Report to the Trustees of The Mytch¢tt Ministries Independent examiner's report to the trustees of The Mvtchett Ministries I'the Company,) I report to ihe chariti, Irustees on my examinaiion of the accounts of the Company for the year ended 30 June 2024. Responsibilitie5 and basls of r¢port A5 the charity's trustees of the Company (and also its directors for the purposes of company law'} you are responsible for the piepararion of the accounts in accordance with ihe requiremen15 of the Companies Aci 20061'the 2006 Act'l. Having satisfied myself ihat the accounts of the Company are not required to be audited under Pall 16 of the 9006 Act and are eligible for independent examinaiion, l Tepon in respect of MJ examination of jour charity's accounts as Caled out under Section 145 of the Charities Act ?0 I l ('the ?01 l Act'}. In carrying out my examination I have followed the Directions giv¢n by the Charity Cotnmission under Section 145151 (bl of the 201 l Act. Independent examiner's 51atement I liave compleied tny examination. l confimi that no matter5 have come io my attention in connection with the examination giving me cause to believe.. accounting record5 were not kepi in respeci of the Company as required by Section 386 of the 2006 Act: or the dccounis do noi accord wilh those records,. or Ihe accounts do nor compl) with the accounting requiTement5 of Section 396 of the ?006 Aci oiher than an>. requirement that ihe a¢counts give a true and fair view which is not a matter Considered as part of an independeni examination,. or the accounts have not been prepared in accordance with the methods and principles of the Siaietnenr of Recommended Practice for accountin¥T and reponing by charitie5 {applicable to charities preparing iheir accounts in accordan¢e with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102)). I have no concerns and have come across no other matters in connection with ihe examination to which attention should be draw in this report in order io enable a prOr undersianding of the accollnts to be r¢ached. P J Sudell Corporate Finance Solutions Ltd Fernhill Couage Femhill Lane, Hawley Camberle), Surr¢}. GU179HF. Dale-. Page 4
The Mytchett Ministrie5 Trading as The CharitTr Aid Store Statement of Financial Activities for the Year Ended 30 June 2024 30.6.24 Unrestricted fund 30.6.23 I"otal fund5 Not¢s INCOME AND ENDOWMENTS FROM Other trading activities Investmeni income 80,443 344 116.965 Total 80,787 17,036 EXPENDITURE ON R<215ing funds 08,951 53.126 Charitable a¢tivitie5 Charitable 22,114 73,583 Total 91,065 126.709 NET INCOMEI{EXPENDITUREI {10.278) (9,673) RECOP4CILIATION OF FUNDS Total funds brought forward 25,797 35.470 TOTAL FUNDS CARRIED FORWARD 15J19 25.797 The notes form part of th¢se financial statement5 Page S
The Mytch¢tt Ministries Trading a5 The CharitTr Aid Store Balanee Sheet 30 June 2024 30.6.24 Urtre51ricted fund 30.6.23 Total funds Notes CURRENT ASSETS Dcbtors Cash at bank and in hand 10 2,212 26,056 2,266 38,605 28,268 40,871 CREDITORS Amounts falling due within one year (12,749) (15.074} NET CURREP4T ASSETS IS519 25,797 TOTAL ASSETS LESS CURRENT LIABILITIES IS,519 25,797 NET ASSETS 15.519 25,797 FUNDS Unrestricted funds 15.519 25,797 TOTAL FUNDS 15,519 25.797 The charirable company is entitled to exemption from audit under Se¢tion 477 of the Companies Aci 2006 for the year ended 30 June 2024. The members have not requir¢d the company to obiain an audit of its financial statements for the year ended 30 June ?024 in accordance with Section 476 of the Companies Act 2006. The trnstees acknowledge their reswnsibilities for la) ensuring thai the ¢haritable company keeps accounltng reeords that comply with Sections 386 and 387 of th¢ Companies Act 2006 and preparing financial statements which give a irue and fatr view of che state of affairs of the charitable comparjy as ai the end of each financial year and of its surplus or deficit for each financial year in accord41nce with the requirements of Sections 394 and 395 and which otherwise comply 1th the requirements ofthe Companies Act 2006 relating io fjnancial siaiemcnis. 50 far as applicable to the charitable company. (b) These financial st2lement5 have been prepared in ac¢ordan¢e with the provisions applicable to charitable companies subjea to the small companies regime. The financial statements were approved by the Board of Trustees and authorised for issue and were signed on its behalf by.. on A P Goodsell - Truste¢ The noies fomi part of these flnancial statements Page 6
The Mytchett Ministries Trading as The Chgrity Aid Store P4ote5 to the Financial Staternents for the Year Ended 30 June 2024 ACCOUNTING POLICIES Basi5 of preparing the fin#mcial st4tement5 The financial 5talemenis of th¢ charitable company, which is a public benefit entlry under FRS 10? have been prepared in accordance with the Chariiies SORP IFRS 1021 'Accounting and Reporting b>. Charities.. Stat¢ment of Recommended Practice applicable to chariries preparing their accounts in accordance wilh the Financial Reporting Standard applicable in the UK and Rcpublic of Ireland (FRS 1021 l¢ffective l January 2019),, Financial Reporting Standard 10! The Financial Reponing Standard applicable in the UK and R¢public of Ireland, and the Companies Act 2006. The financial statements have been prepared und¢r the historical cosi convention. Income All incorne is recognised in the Siatetnenl of Financial Activitie once the chariiy has entitlement lo the funds. it is probable ihat the income will be received and the amount can be measured reliably. Expenditure Liabilitie5 are rectsgnised as expenditure as soon as there is a legal or constructive obliu¥ation committing the charity to ihat expenditure. it is probable that a rran5fer of economic ben¢fits will be required in settlement and th¢ amount of the obligaiion can be m¢asured reliabl).. Expenditur¢ is ac¢ouRied for on an accruals basis and has been classified under headings that aggregate all cost Telated to the caiegory. Where costs cannot be directly attributed to panicular headings thev have been allocated to activities on a basis consistent with the use of resources. Grants offered subject 10 condiiions which have not been mei at the Y end date are noted as a commitment bui not accrued as expenditure. Tangible fixed asset5 Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Fixtures and fittings 250/0 on cost Taxation The charit). is exempt from ¢orporation tax on its ¢harilable activities. Fund #ccounting Unrestri¢red funds can be used in accordance w'ith the charitsble objectives at the discretion of the trustees. Resiricted funds can only be used for panicular restricted purposes within the objects of the charity. Re5triction5 arise when specified by the donor or when funds ar¢ raised for particular resirict¢d purposes. Stock The charity has stocks of goods for resale at its shop which have all been donated. Consequently there 15 no value for this stock showi in the 2ccounis as lis cosi to the charity is nil. Debtors Trade and other debtors are recognised at the setilement amount due after any trade discouni offered. Prepaymenrs are valued ai ihe amount prepaid net of any trade discount5 due. Cash 2t bank and In hand Cash at bank includes cash and short rem highly liquid inve5tmenis with a short maturity of three months or less frorn the date of acquisition or opening of the deposit or similar account. Credttor$ Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will PTobabl}' result in the transfer of funds to a third party and the amount due to seiile the obligation can be measured or estimated reliably. Creditors 2nd provision are normallv recou)nised at iheir selllement amount after allowing for any irade dIount$ due. Page 7 ¢oniinued...
The Mytchett Ministries Trsding as The Charrtv Aid Store Notes to the Financial Statements- continued for the Year Ended 311 June 2024 OTHER TRADING ACTIVITIES 30.6.24 30.6.23 Shop income Other income 79,905 538 116,965 80,443 116.965 INVESTMENT INCOME 30.6.24 30.6.23 Deposii account interest 344 71 GRANTS PAYABLE 30.6.24 30.6.23 Charitsble 20,799 72,000 The total grant5 paid to institutions during the year was as follows.. 30.6.24 30.6.23 mChell Ministries 20,799 72,000 NET INCOME/{EXPENDITURE> Net incomel(¢xpenditurel is stated after Chargin(creditIng)'. 30.6.24 30.6.23 Other operating lease5 13.020 9,206 TRUSTEES, REMUNERATION AND BENEFITS Salary cost includes £6,000 paid to a 1rn5tee for work carried out in the managing of ihe shop. Trustees, expenses Expenses of £1,135 were reimbursed lo one trusiee during the year. Page 8 continued..
The Mytehtit Ministries Trading as The Charity Aid Store r4otes to the Fin8ncial Statement5- continued for the Year Ended 30 June 2024 STAFF COSTS The average monthly nurnber of emplojees during the year was 25 follows.. Shop staff 30.6.24 30.6.23 No employee5 received emolument5 ill excess of £60.000. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricced fund INCOME AIYD EP4DOWMENTS FROM Other trading activities Investment income 116,965 71 Total 117.036 EXPENDITURE OIY Raising funds 53,126 Charitable aetivities Charitable 73,583 Totsl 126.709 NET INCOMEI(EXPENDITURE) (9.673) RECONCILIATION OF FUNDS Total fund5 broubFht fon¥ard 35,470 TOTAL FUNDS CARRIED FORWARD 25,797 TANGIBLE FIXED ASSETS Fixtures and rittings COST At l July 2023 and 30 Jun¢ 2024 260 DEPRECIATION Ai l July 2023 and 30 Jun¢ 2024 260 NET BOOK VALUE At 30 June 2024 AI 30 June 2023 Page 9 continued...
The Mytchett Ministries Trading a5 The Charity Aid Stor¢ Notes to the Financial Statements- continued ror the Year Ended 30 June 2024 io. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 30.6.24 30.6.23 VAT PrepaentS 940 1,272 875 1,391 2,212 2.266 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 30.6.24 30.6.23 Trade creditors Social security and other taxes Accrued expenses 11,549 13,614 ?60 1,200 1,200 12,749 15,074 12. RELATED PARTY DISCLOSURF.S There were no related pany transactions for the year ended 30 June 2024. Page 10