REGISTERED COMPANY IYUMBF.R.. 07532142 (England and Wales) REGISTERED CHARITY NUMBER: 1148364 Report of ihe Trustees and Unaudited Financi81 Stgternents for the Y¢&r Ended 30 June 2025 for The Mvtchttt Ministries Trading as The ChArily Aid Store COoTate Finance Solurions Ltd Fernhill Cottage Femhill Lane. Haw.ley Cainberley, Surrey GU17911E
The Mytehett Ministries Trading as The Charity Aid Store Contents of the Financial Statements ror the Year Ended 30 June 2025 Page Report of the Trustees Independent Examiner's Report Statement of Financial Aetiviti¢s Bal&nce Sheet Notes to the Financi81 Statements 7 to 10
The Mytchett Ministries Tradin8 as The Charity Aid Store Report of the Trustees for the Year Ended 30 June 2025 The trustee5. tw'o of i*hom are also director% of the charitv for the purposes of the Companies Act ?006, pr¢seni rheir repon wilh the financial ststemenis of ihe charity for the Near cnded 30 June ?0?5. The trusiees have adopied the provisions of Accountin&T and Reporting by Charities.. Statcmeni of Rccommended Practice appliLable to chariiies preparing iheir accounts in acctsrdance with the Financial Reporting Siandard applicable in the UK and Republic of Ircland IFRS 102) Icffective l Januat). ?019). otKIECTIVES AND ACTIVITIES Objectives and alms The M%'tcheti Ministrie5 is a regist¢red chariry w.hose objecis are ihe relief of poveO' in the local area. The chariry operates a shop whiLh provides fumiture and other goods to those in need. Significant activities I"radiiig ilt Ihe siorc hag been lower than previous vears. Predominantly due to the decline in footfall in The Square as shopper5 move io buying online. Furniture sales account lor ihe bulk of the revenue175 . 800/0). With the closure of the lar¥e British Heart Foundation shop early in 20?5 (as part of the London Road development) we are the only chariry in Camberle> selling fvrniture. The ? joint managers are incentlV15ed to achieve M'eekly sales in excess of £? 000 which was achieved a few times in the financial }'ear. It w'as decided at the start of ihe cal¢ndar year 2095 to ¢lose the siore on Mondays. One manager works Tuesdays. Wednesdays, Fridays and Saturdays - (he other Wednesdajs, ThuTsday5. Fridays and Saturda)s. This allows for the managers io take holidaj and provides for limited sickncss cover. A part time assistant works ad hoc hours a( minimum wage. The warehouse used by the store io hold excess good5 (prirnarily fumiturel was handed back to SueY Heath Borough Council in early ?025 as part of the redevelopment of London Road. There were subsiantial costs incurred in clearing the warehouse of unsaleable goods. Due to th¢ lower income itnd M'arehouse clearance costs. it was decid¢d that no monies would be donated to charities in the curreni period. A reserve of around £6,000 is in pla¢e to allow for the potential move of the slor¢ tg another location. Outlook The loss of the waTehouse has meant ihai ihe amgunt of furniture that can be stored is limited. There is spa¢¢ in ihe first floor of the store but with the lift being inoperative land unrepairabl¢) thi5 litthits what can be giored on the first floor. Selling goods ihrough online channels such as Vinted, E-bay and Fa¢¢book marke18¢e will be explored io provide additional revenu¢ str¢ams. 'I'his will require additional managernent effort due to some of the complexities in selling online. There is uncertainry on ihe future of the unit thai the siore o¢cupies as it 15 common knowledge that the council wishes to dispose of property thai it owis to generate revenue. Whether the sale of the unit goes ahead in the next year and whai the ne OnerS will plan io do with the unli are unclear. The lease on lh¢ 5tgre has a three mollth break elause (on ix)ih sides} with no right io remain. Public benefil The Trll51ees confjrn) that they have referred to the guidance contained in the Charity Commission's General Guidance on Public Benefit when reviewing ihe ChaTity's aims and obj¢ctives in planning future activity. Grantm8king The profits generated by th¢ shop are donated to local chariiies io help their work amongst those in need. Volunteers The charity's aciiviiies are faciliiared by I volunteer 05 part time member of staff in the shop. Page I
The Mytehett Ministrie5 Trading as The Charity Aid Store Rert of the Trustee5 for the Year Ended 30 June 2025 FINANCIAL REVIEW Financial position Th¢ accounts for Ihe year und¢T review show a turnover and other income iotalling £70,330 1?024'. £80.787) and expenditure of £79,770 12024". £91.0651. "I'h¢ resulting deficit of £9.440 has been set against the Te5¢rves brought forward from previous years. The balance on the reserves now carried forward amounis to £6,079. STRUCTURE, GOVERNANCE AND MANAGEMENT GoTrerning document I'he companv is limiied by guarantee and is governed by its Memorandum and Articles of As50ciaiion dated 16 February 2011. Chitrity constilution The Companv is re¥isiered with ihe Charity Commission which was granted on 13 July 2012. Recruitment and appointtnent of trustees The appointment of Trustees is undertaken by the Trustees. Every year one third of the trusi¢es must retire from office but are eli&iible for reappoinimeni. Organi5ational structure Adminisiraiion ol. (he affairs of the charity is caTried out by the Trustee5, who meet re&?ularly throughoui ihe year. M¢etings are att¢nd¢d b) the majority of th¢ Trustees and other invitees as required. TrUseS are alwa}'s in the majority on the Comrnittee. In addition. th¢ Truste¢s tn¢¢t as r¢quired and at l¢a5t once a y¢ar. Risk management I'hc trustccs have a duty io identify and review the risk5 to which the charity is exposed and to ensure appropriate conirols are in place to provide reasonabl¢ assurance again51 fraud and error. REFERENCE AND ADMINISTRATIVE DETAILS Registered Compan) number 075i2152 (England and Wales) Registered Charity number 1148364 Regi5ter¢d orrice Mv1cher( Bapiisi Church M>tchett Road Mchett Camberl¢y SuTTey GU16 6ES Tru5t¢es The directors of the Charitable Compally {th¢ Charity) and its trnstees for the purpose of Charity Law throubjhout this report are collectivel}. Teferred to as the trustees. The Trustees serving ihroughout the period lex¢epi as noiedl and since the year end. were as follows. and the dirertor5 are noted below.. Dororhv Frdnklin Andre tioodsell Hazel Timms Anthony Tweh Direcior Resigwned Direcior ?8 April 2025 appointed 25 Sepiember 2023 Page 2
Th¢ Mytthttt Min¥stries Trading is Tht Charity Aid StDre Report ofthe Trnstees for the YtAr End¢d 30 Junt 2025 REFERENCE AND ADMINISTRATIVE DETAILS l#dtpendent Ex•min¢r P J Sudell Corpordie Fi#an¢e Solution5 Ltd Femhill Cotta8e Fetjthill Lane, Hawlcy Camberlcy. Surr¢y GU179HE This report h&$ been prepared in ac¢ordance with the special provisions of Part 15 of th¢ Companie5 A¢t 2006 relating ¢0 smdl compani¢5. Approved by ord¢rof ihe bo¥d of trustee5 On ... . a[ sied on its behalf by.. A Tweh- Tru$te£ P4¢3
Independent Ex&miner'5 Report to the Trustees of The Mytchett Ministries IndepeDdent examiner's report to the trustees of The Myl¢hett Ministries I'the Company,) I r¢port 10 the charity irusiees my examination of ihe accounts ot the Company foT ihe year ended 30 June 2025. ResP0115ibiliti¢s and basi5 of report As the charity's irust¢es of the Company (and also its directors for ihe purposes of company law} you are responsibl¢ for the preparaiion of the accounts in accL)rdance with ihe r¢quirements of the Companies Act ?0061'the 2006 A¢t'}. Havino satisfied mjself that the accounts of the Company are not required io be audited under Part 16 of the ?(MJ6 Act and are eligible for independent tMinall0n. I report in re5Ct of my examination of your eharitj's accounts carried out under Section 145 of ihe Chariiies Act 2011 I'ihe ?0 I l Aci'l. Sn carrying our my examinaiion I have followed the Directions given by the Charity Commission under SeLtion 145151 Ibl of ihe 2011 Act. Independent examiner's statement I have Lompleied my examination. I confinn ihat no matters have Come to m) allention in connection with the examination L7iving me cause to believe.. accounting record5 were not kept in respect of the Company as required by Section 386 of the 2006 Act- or the accounts do not accord with ihose records., or the accounis do not comply 1th the a¢couniing requirements of Section 396 of ihe 2006 Ar* other ihan any requirement thai the accounis g)ive a true and fair view which is noi a matter consider¢d as part or an ind¢pendeni examinaiion.. or th¢ accounts have noi been prepared in accordance with the methods and principles of the Siatement of Recommended PTacti¢e for accounting and reponing by charities (applicable 10 ¢haTiti¢s preparing their accounts irt aceordance wiih the Finan¢ial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102)). I have no concems and have come across no oiher matters in connection wirh the examination to which aitention should be drawn in this report in order to enable a proper undersranding of the accounts to be reached. J Sudell Corporate Finance Solutions Ltd Fernhill Ctsitagie Femhill Lane, Hawley Camberlev. Surrey GU179HE Date.. Page 4
The Mytchett Ministries Trading as Tht Charily Aid Store Statement of Financial Activities for the Year EDd¢d 30 June 2025 30.6.25 Unrestricted fund 30.6.24 Total funds Noies INCOME AND ENDOWMENTS FROM Other trading activities Investment incom¢ 70,012 318 80,443 344 Total 70J30 80,787 EXPF.NDITURE ON Raising funds 77,994 68,951 Charitable activities Cliaritable .776 22,114 Total 79.770 91,065 NET INCOMEI{EXPENDITURE) (9,4401 {10.278) RECONCILIATION OF FUNDS Total funds brougjht forward 15,519 25.797 TOTAL FUNDS CARRIED FORWARD 6,079 15.519 The notes form part of these financial staiements Page 5
Tht Myt£b¢tt Ministries Tr#din8 as The Charity Aid StOTt B•lHnce Sheet 30 June 2025 30.6.25 30 6.24 Total funds Unttstrided fund Notes CURRE ASSETS Debiors Cash and in hand 10 2,110 15.418 2.212 26.056 17J28 28.268 CREDITOILS Amounts fall¢nB due wiihin one y¢ar {IIA49) 112.749) NET CURRENT ASSETS 6,079 TOTAL ASSETS LESS CURBENr LIABJLITIES 6079 15.519 NET ASSETS 079 FUNDS Uttr¢stri¢*d fvnds 6079 15,519 TOTAL FUNDS 6.079 15,519 The charitable company 1$ eniitled to exemption from audit under Section 477 of th¢ Companies Aci 2(1)6 for the year ended 3(k June 2025. The members have not r¢quiTed the company to obthin an audii of its finaficial statemcnt5 for the year ended 30 June 2025 in accordance with Se¢tion 476 ofttle Companies Aci 2006. The tnJ$t¢e5 a¢knowled8e their reS$]bilItieS for lal en$uring that the charitable company ke¢ps accountin8 records that comply with gertions 386 and 387 of the CoJnpani¢s A¥1 2006 and prepann8 finan¢ial statements which give a true and fr view of the 51ale of affairs of th¢ ¢haritable company as at the end of each financial year and of its surplu5 or deficit for each financial year irt ac£ordant¢ with the requirements of Sections 394 and 395 8nd which otherwise cornply with the TequiTements of the Cornpxnir5 A 2006 Telating kn financial staterntDt4 so far as applicable th the tharitsble wmpany. (b) These finanGI81 ststements hovc been Prepared ith ¥¢ordanc¢ with th¢ provisions applicable to chorible ¢oThpathie$ subjec( to th¢ Small companjes repo.¢. Th¢ financial ststement$ wcre approved by the Btstrd of TnS and aythorised for issue . and W¢Te Signed on its behalf by.. A P Good5¢11- rusiee The notes fomi port of these financial sthtements Pagc 6
The Mvtchett Ministries Trading ag The Charity Aid Store Notes to the Fin8ncial Staiements for the Year Ended 30 June 2025 ACCOUNTING POLICIES Basis ofpreparing the financial statements The financial %taiemenis of the Charitable company. which is a public benefit entit), under FRS 102. have been prepared in accordance M'ith the Charities SORP IFRS 102) 'Accounting and Reporting by Charities.. Siatement of Recommended Praciice applicable to charitie5 preparing th¢ir accounis in accordanee w'iih th¢ Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102) (effective l January ?019)'. Financial Reporting Standard 10? 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Companies Act 2006. The financial 5tatemenis have been prepared under the historical cost convention. Income All income is Teco&Jnised in the Siaiement of Financial Aciiviiies once the chariry has entitlement to the funds, it is probable that the iiicome will be received and the amount can be Imeasured reliabl). Expenditure Liabilities are recognised a5 expenditllre as soon as there is a legal or constructive obligaiion comrnitting the chariri. io that expenditur¢, it is probable that a transfer of economic benefiis will be required in Settlement and the arnount of the obligation can be megsuTed reliablj. Expendiiure is accounted for on an accrnals basis and has been classified under headings ihai aggregate all co%t r¢lat¢d to the categorj. Where cosis cannot b¢ directly allributed to particular headings they have been allocated 10 activities on a basis conslSt¢nt wilh the use of resources. Grants ofyered subject to condition5 whÈch have not been mei at the >'ear end date are noted as a commitm¢nt but not accrued as expendiiure. Tangible fixed assets Depreciation is provided at the followin¥ annual rates in order to write otT each &sset over its estimated useful Fixtures and fittings 250/0 Cost Taxation The charitj is exempt from corporation rax on its charitable aciiviiies. Fund accounting Unrcstricicd funds can be used in accordanc¢ with the charitable objectives at ihe discretion of the trnstees. Restricted funds can only be used for particular restricied purposes within the objects of the charity- Restrictions arise when specified by the donor or when funds are raised lor particular restricted purposes. Stock "rhe charity has stocks of go(Kls for resale ar its shop which have all been donated. Consequently there is no value for this stock shown in the accounts as its cost to the charity is nil. Debtors Trade and other debiors are recobFnised at the sefflemeni amouni due after any irade & £ouni offered. Prepa}'ments are walued at ihe amount prcpaid net of any trade discounts due. C#5h At bank and in hand Cash at bank Includes cash and short term highly liquid investments with a short maturity of three mortths or less from ihe date of acquisition or opening of the deposit or 5imilaT account. Creditors Creditor5 and provi5ion5 are recognised where the charity has a present obligation resulting from a past event that will probablv result in the transfer of funds io a third party and the amount due to settle the ob12gation can be measured or estimai¢d reliablj. Crediton and provision are nortnally recogynised at their settlement arnount after allowin8 for any trade dis¢ounrs due. Page 7 continued...
The Mytchett Ministries Trading a5 The Charity Aid Store Notes to the FinancÉal Statements- continued for the Year Ended 30 June 2025 OTHER TRADIIYG ACTIVITIES 30.6.25 30.6.24 Shop income Other in¢ome 69,906 106 79,905 538 70,012 80,443 INVESTMEIYT INCOME 30.0.25 30.6.24 Deposit account interest 318 344 GRANTS PAYABLE 30.6.25 30.6.24 Charitable 20.799 The iotsl grnnts paid to instltutions during the year was as follows.. 30.6.25 30.6.24 Mytchett Minisiries 20,799 NET INCOME/{EXPENDITURE) Net tncomel{expenditure) is slated after chargin[CreditIng)'. 30.6.25 30.6.24 Other operating leases 11.088 13.020 TRUSTEES, REMUNERATION AND BENEFITS Salary c05t includes £6,000 paid to a trusree for work Caled out in Ihe managing of ihe shop. Trustees, expenses Expenses of £24812024.. £1,135) were reimbursed io one iNsiee during the year. Page 8 continued...
The Mytchett Ministrie5 Trading as The Charity Aid Store Notes to the Financial Statements- eontinued for the Year Ended 30 June 2025 STAFF COSTS The average monthly number ol'employees during the year was as follows.. 30.6.25 30.6.24 Shop staff No employees Te7v¢d emoluments in excess of £60.(M)O. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted fvnd INCOME AND ENDOWMENTS FROM Other trading activiiies Inv¢stment income 80,443 344 Total 80.787 EXPENDITURE ON Raisirtg funds 68,951 Charitable activities Charitable 22,114 Total 91.065 NET INCOMEI(EXPENDITURE) (10,2781 RF.CONCILIATION OF FUND.$ Total funds brought fon¥l< rd 25,797 TOTAL FUNDS CARRIED FORWARD 15.519 TANGIBLE FIXED ASSETS Fixiures and fittings COST At l July 2024 and 30 June 2025 260 DEPRECIATION At l July 2024 and 30 June 2025 260 NET BOOK VALUE At 30 June 2025 At JO June 2024 Page 9 continued...
Tht Mytchett Ministries Tr4ding As The Charity Aid Store Notes to the Financial Statements- eontinued for the Year Ended 30 June 2025 10. DEBTORS: AMOUNTS FALLING DVK WITHIN ONE YEAR 30.6.25 30.6.24 VAT PTepaJThents 838 1,272 940 1.272 2.110 2.212 CREDITORS: AMOUNTS FALLING DUE WITHIN ONF. YEAR 30.6.25 30.6.24 Trdde crediiors Accrued cxpenses 9,999 ,450 11.549 1.200 11,449 12.749 12. RELATED PARTY DISCLOSURES There were no relaied pany trdnsactions for the year ended 30 Jun¢ 2025. Page 10