MIO MISSIONS 16 St Osivins Avenue Cullercoats North Shields Tyne and Wear NE30 4PH Annual Report and Financial Statements for the year ended 31" August 2024 10 Registered Charity No 1156107 Company Registered No 07754910
M10 MISSIONS Index to Financial Statements Title Page No. Report of the Trustees Independent Examiner's Report Balance Sheet Sialement of Financial Activities Notes to the Accounis Page l of 9
MIO MISSIONS REPORT OF THE TRUSTEES The Irustees, who are also directors of the charity for the purposes of the Companies Act 2006, present their report with ihe financial statements for the year elided 31" August 2024. The trustees have adopted the provisions of Accounting and Reporting by Charities Statement of Recommended Practice applicable to charilies preparing their accounls iii accordance with the Financial Reporting Standard applicable in the UK and Repijblic of Ireland (FRS 102) (effective l January 2015). OBJECTIVE AND ACTIVITIES Objeclive and aims The Charity's objectives are set out in its Menioraiidum and Articles of Associatioii aiid are as follows: i ). 'ro provide an international volunteer Iraining programme and resource. 2). To provide an intenialional rclief opei-atioi) to assist the poor and needy to aid local suslainability. 3). To provide opportiinities for young people to enliance their cultural awareiiess of the needs of others incliiding diversiiy and ethnicity. 4). To provide opportunities for young people to improve and enhance their future career prospects by learning a range of new and transferrable skills Vision, Mission & Values The Vision of MIO is Preparing Today's Youih for Tomorrow's Opportunities. 'I'he Mission is io inspire, infliieiice and have a positive iinpact oi) young people by invesling7 in their personal developmeiit so ihey are equipped for wliatever adventures they face in life. Our values are: Auihenlicity. Impacl, Conneclion, Recog?nition & Iinpact. How our activities deliver public benefit The triislees hav¢ paid due regyard io gTruidaiice issued by the Charity Commission in deciding5 whal activities ihe charity sliould undertake. The truslces have coinplied with iheir duty in Seclion 17 of thL' Cliaritics Act 2011 and have paid due regiard io giuidance publishcd by the Charily Commission regarding public benefit. ACHIEVEMENT AND PERFORMANCE Expanding the Boys 'Network Programme Thi5 year, Ive SULc¢ssfully ran six Boys 'Network programmes across the North East. with growing inleresl from schools locally and nationally. In January, we expanded beyond the region for the firsl time, launching a progvrammc at a Christian school in Bradford and another at Thornhill Academy in Sunderland. A key improvement in our approach, transitioning to M l O organising meel-ups has led to more structured and enricliing mentor-menlee conversations. As we approach the new academic year, we are aclively recruiling schools and broadening) our reach nationally. Additionally, our first Bradford progyramme has begun with seven mentor-menlee pairs, and we aim to build on its success before expanding further in the area. In Sunderland, engagement has been more challengiiig, bul the students involved are sliowing stroiig commitment. We are also finalising a promolional video to attracl more mentors and support further growth. This can now be viewed on our website. Mission Update Our firsl training session for this year's mission trip was a success, with 28 students participating, our most balanced group of boys and girls to date. The team consists of 29 students, six leaders. and one videographer. We will be building a fully furnished house and may reconnect with a project last visited in 2012. Despite rising flight costs all participants are fully signed up and paid. Documentalion is nearly complete, with only minor details like l-shirts, stationery, and visas remaining. Page 2 of 9
Looking ahead, we are finalising a venue and dale for the Celebration Evening in September, with cost being a key factor. Planning for 2025 is already underway, and we've engaged a social media freelancer-a fornier participant from 2017118-to expand our online reach and engagement. The theme for this year's mission is Chosenfor a Purpose, and preparations conlinue to ensiire a meaningthl and impactful experience. Momentum Update This year, we successfiilly ran three groups through the RESET programme, supporting at-risk students from North TyTieside schools. Each group of six studei7ts participaled in activities designed to reinforce ihe message Ihal "Nomi IS nol Fc)rever.' Highlights ii)cluded trips to Newcasile Climbing Centre, The Aviation Acadeiny, and a voluiiteering day, all of which proved highly beneficial. Despite tlie progranime's success. Moorbridge Alteri)aiive Educalion Partnership Service is unable to conlinue funding RESET nexi year. This unfortunate development will impact students still at risk of pernianent exclusion. We are exploring aliernative funding options to ensure this vital support continues. Funding We l)ave received unexpecled funding (£23k) from a couple of donors who have been very generous. This fundtng will help to go lowards ongoing projecls and future initialives to boosl our ivork in schools. FINANCIAL REVIEW Financial position Duringy the ycar tlic charity reported a surplus of £27.507 (Previous year deficit of £6.076). At the balance sheet date ihe charity had a surplus in funds of £66,230 (2023 £38,723), of which £29,781, (2023 £9:782) were restricled funds. Investment policy The Memoranduim and Articles give the trustees the power to apply funds in such a Inanner as ihey think fli of for ihe benefil of any of the staled charilable objects or to invesi fuiids as pennitted by the Trustee Act 2000. Reserves policy The Irustees have examiiied the requiremeni for reserves in ihe light of the Inain risks facing the charity. It is the policy of M l O Missions to maintain funds at a level wliich allows ihe charity to operate in the light of unforeseen circumslaiices. The trustees have agreed io niaintain reserves al a level thal will cover 12 weeks of operational costs, which excluding the costs of any mission trip, equates lo circa £9.000. Tlie trustees believe that ihe level of reserves al the end of the financial year are adequate to meei this policy. PLANS FOR FUTURE PERIODS Goingi forward, Ihe focus of M l O will be to utilise the funding we receive lo offer schools within the North Easl rcgion, services thal wc deliver at a highly rcduccd cost and for somc, free of charge. This is an initiative we've wanted to execute for some lime and we're vcry cxcitcd that the opportunity is now. STRUCTURE, GOVERNANCE AND IWIANAGEMENT Governing document The charity was incorporated as a company limited by guarantee on 30 August 2011 and gained charitable status on I l March 2014. The company was established under a Memorandum of Association which eslablished the objecls and powers of the charity and 15 governed under its Articles of Association. In the event of the coinpany being wound up, members are required to contribute and amount not exceediiig £ l O. The trustees who served during the year We . Mr G. B&xter, OBE - Chairnian Mr. A. M. T. Pollard Ms. L. M. M. Roberts- Company Secretary Mrs. J. Pollard Page3 of 9
Ms. J. L. Austin Mr. A. E. Young Ms. A Brunlon - (Froin O l July 2024) Mr S. S. Parker- (To 01 July 2024) Recruitment and appointmenl of trustees Members of the Board are appointed by a decision of the Directors. Every Director shall be appointed for an initial terni of up to three years and by invitation only. The process is as follows, either the Chairman or one of the direclors will make known to the other members of the board who they propose. After careful consideration and an appropriate character reference, a unanimous agreemenl should be reached when the final decision is Inade. I n the case of tndecisioii, the nialler ivill be given further consideration until the next Board meeting. Al each annual general meeting one-third of the directors or, if iheir nuinber is not ihree or a multiple of three, the number nearest lo one-third. must retire from office and may offer ihemselves for re-election. Organisational structure I'rustees, Ineetings are held every ihree months under the chaim]an's guidance althougli additional emergency meelings could be called if required. Having regard to the size and aciivities of the charity. our experience has been that the company's business has been adequalely dealt with at tl)e quarterly iiieeling)s. Minutes are published and agreed al siibseqiieiit iiieetil)gTS. The Charity employs a CEO Mr. Stephen Riley. to whon) Ihe praclical implemenlalion of tlie Strategi¢ Plan aiid tlie day-lo-day managenient of the Charity is dele&iated by the Directors. Induction and Iraining of new truslees When a Board member is appointed. they are provided with an induction pack outlining tlie duties and respoiisibilities of their role and addilional infonnatioii as regiards to the Cl)arity. DBS clcarance is a prerequisite. Risk Managemenl The trustees review the major risks lo the charity on an ongoiiigi basis. Sig7nifricant extemal risks are fuiiding and expenditure. flight costs are subject lo increases year on year, the exchangye rale is variable wl)ich can add pressure lo our costs. Procedures are in place to ensure compliance of health ]d safety regulations and safeguarding for volunteers, leaders and trustees. REFERENCE AIYD ADMINISTRATIVE DETAILS Registered Company number 07754910 (England and Wales) Registered Charity number 1156107 Registered oifice 16 St Oswins Avenue Cullercoats North Shields Tyne & Wear NE30 4PH Trustees Mr. G. Baxter, OBE (Chairnian) Ms. L. M. M. Roberts (Company Secretary) Mr. A. M. T. Pollard Mrs. J. Pollard Ms. J. L. Austin Mr. A. E. Young Page 4 of 9
Ms. A Brunton (from 01 July 2024 Mr. S. S. Parker (To 01 July 2024) Chief Executfive oificer Mr Siephen Riley Independent Examiner David14odgson, MBE, FCA, ACIB Read, Milburn & Co 71 Howard Street North Shields Tyne and Wear NE30 IAF Bankers HSBC UK 279 Whiiley Road Whiiley Bay Tyne and Wear NE26 2SW This T¢POrt has been prepared in accordance with ihe special provisions of Part 15 of Companies Act 2006 relating io small companies. Approved by order of the board of trustees on ..Ig IM 2¢iC .and signed on its behalf by Jnd by.. C3420AF¢2276157 (Ms. L.M.M. Roberls - Se¢retary)- for MIO Mlssions n•4 by.. 4003E4020BWS3 (Mr S. RJLEY- Chlef Executive orfieer) - for MIO M5sslons Page 5 of 9
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF MIO MISSIOIYS For the year ended 31st August 2024 Independent examiner's report to the trustees of MIO Missions report to ihe charity trustees on my exainination of tlie accounts of the Company for the year ended 31 August 2024 Responsibilities and basis of report As ihe charity trustees of the Company (and also ils directors for the pUoSe of company law). you are responsible for the preparation of tl)e accounts in accordance with the requircments of the Coinpanies Act 2006 ("Ihe 2006 Act"). Having salisfied myself that the accounls of'the Coinpany are not required to be audited ui)der Part 16 of the 2006 Aci and are eligible for independenl examinalion, I report in respect of my examinalion of your charity's accounts carried out under seclion 145 of the Charilies Act 2011 ("Ihe 2011 Act"). lil carrying out Iny exaiii inalioii I liave followed ihe Directions g)iven b), the Cliarity Coininission under section 145(5)(b) of the 2011 Act. Independent examiner's slalemenl I have completed my examination. I confimi ihal no inatters have come to my attention in conneclion with the exaininalioii givtng me cause lo believe.. accounting records were not kepi in respecl of the Coinpany as required by section 386 of the 2006 Acl. or 2. the accounts do not accord with those records. or 3. the accounts do not comply wilh the accountingj requirements of seciion 396 01. the 2006 Act other than any requirenient thal the accounts gFive a irue and taiT view wliich is noi a mailer considered as part ol" an indepcndent exaniination; or 4. the accounls have noi been prepared in accordance with the meihods and principles of the Siaiement of Recommended Practice for accountingj and reportin&F by charities (applicable to charities preparinLy their accounts in accordance with the financial Reportin& Slandard applicable in the UK and Republic of Ireland (FRS102)}. I have no concerns and have come across no other matters in connection with ihe examination lo which attention should be drawn in this report in order to enable a proper understanding of the accounls to be reached. David Hodgson, MBE, FCA, ACIB Chartered Accountant Read, Milburn & Co 71 Howard Street North Shields NE30 IAF Date: lol Page 6 of 9
MIO MISSIONS Balance Sheet as at 31 August 2024 2024 2023 FIXED ASSETS Computer Equipment, al cost Less deprecialion 4,144 1,630 1,375 Office Equipment, at cost Less depreciation 1,849 753 2,726 2,665 CURRENT ASSETS Cash at bank and in hand Debtors CURRENT LIABILITIES AcLruals falling due wiihin one year 66.166 80 37,526 800 66,966 (3,462) (2,268) Net Current Assets Total Assets less Current Liabilities Total Nel Assets £w FUNDS OF THE CHARITY Unreslricted Fund Restricted Fund 36,449 29,781 28.941 9,782 Total Funds £ £ The charitable Company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 Aug?ust 2024. Tlie members have nol required ihe company to obtain an audit of its financial statements for the year ended 31 August 2024 in accordance with Seclion 476 of the Companies Act 2006. The truslees acknowledge iheir responsibilities for (a) ensuring thal the charitable company keeps accounting records that comply with Seclions 386 and 387 of the Companies Act 2006, and preparingi financial statements which give a true and fair view of the stale of affairs of the charitable company as at the end of each financial year and of ils surplus or deficit for each financial year in accordance with the requirements of Seclions 394 and 395 and which othenvise comply with the requirements of the Companies Act 2006 relating to financial ststemcnts, so far as applicable to the charitable company. (b) These financial statements have been ppared in accordance with the provisions applicable to charitable companies subject lo the small company's regime. The financial slatemenls were approved by the Board of Trustees on. on its behalf by: .and were signed $lldtrY". .*ther, OBE (Chair of Trustees) The notes form part of these financial statements Page 7 of 9
MIO MISSIONS Statement of Financial Activities for the year ended 31 August 2024 -2024--------- 2023 Ilnreslricttd Reslritltd INCOME Grants and Donations Fuiidraising for M ission 'frip Services Delivered Sundry Income Bank Interest Received 43,290 92.950 47,550 639 621 19,999 63,289 92,950 47,550 639 621 31.992 68,990 70,301 381 Total Income £18£,050 £19,999 £205,049 £171,664 EXPF.NDITURE Charitable Activities Projecl Travel YWAM Projeci Cosls Project Activities & Fvents Meeting Expenses Staff Salaries & Pension Staff Expenses Boys, Network Expenses Renl & Venue Hire Trainin¥ Travel - UK Sialionery, Postagie & Telephoiie IT Cosls Website costs Advertisingy & Marketing Professional Fees Clerical Assistance Bank & Payzone Charges Iiisurance Reliremeni Gift Sundry Expenses Depreciation of Equipment Governance Independent Examination Charges Safeguarding Companies House Filing Fees 44,477 27,528 7,232 1,536 68.765 520 385 4,076 10 1,636 2,090 762 3,301 4,882 4,291 1,521 268 1,187 44,477 27,528 7,232 1,536 68,765 520 385 4.076 10 1,636 2,090 762 3.301 4.882 4,291 1,521 268 1,187 42.823 24,405 5,171 239 70,666 1.501 659 3,930 868 1,226 1,205 3,558 7,380 3,412 6,651 869 202 1,173 500 737 686 1,892 738 1,892 738 384 14 47 384 14 47 384 351 13 Total Expenses £177,542 £177,542 £177,740 NET INCOME 7,508 19,999 27,507 (6,076) RECONCILIATION OF FUNDS Total funds brought forward 28,941 9,782 38,723 44,799 TOTAL FUNDS CARRIED FORWARD £36,449 £29,781 £66330 £38,723 The Notes forni part of these financial statements Page 8 of 9
MIO MISSIONS NOTES TO THE FINANCIAL STATEMENTS Note l - STATUTORY INFORMATION MIO Missions is a private company limiled by guarantee, registered in England and Wales. The company's registered nuinber and registered address can be found within the Reference and Administration Details. Note 2- ACCOUNTING POLICIES Basis of preparing the financial statements The financial stalemeiits of the cliaritable coinpany. which is a public benefit entity under FRS 102, have been prepared in accordai)ce with the Charities SORP (FRS 102) "Accounting and Reporting by Charities: Staleinent of Recommended Practice applicable to charities preparing their accounts in accordance wilh the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective l January 2015)" Financial Reporting Standard 102 "The Finaiicial Reporting SLqndard applicable in ihe UK and Repiiblic of Ireland" and ihe Companies Aci 2006. The fIn]Cial slatcments liave been prepared under the historical cost convention. Income All iiicome is recognised in ihe Siatement of Ftnancial Activities once the charity has enlitlein¢nl lo the funds, it is probable that th¢ income will be received and the ainount can be measured reliably. Expenditure Liabililics are recognised as expenditure as soon as there is a legal or Constructive obligalion committing the charity lo the expenditure, it is probable thal a transfer ofeconomic benefils will be required in setileinent and the amouiits and obligatioi) cali be measured reliably. Expendilure is accoui)ted for on an accruals basi.s aiid ha5 been classified under lieading)s that aggrebyale all costs related to the Categyory. Where cosls cannot bc allributed lo particular lieadiiigs they have been allocated to aclivilies on a basis consistenl wilh the use of resource5. Depreciation Deprecialion has been calculated ai ihe following rates on a reducing balance basis.,. Coinpuler Eqiiipmenl 25010 Offic¢ Equipment Taxation The Charity is exempt from taxation on its charitable activities. Realised gains and losses There have beeii no realiscd gains or losses on investmenls during the year. Note 3- TRUSTEES, REMUNERATION AND BENEFJTS No payments have been made to any ofilie Trustecs of the charity durii)g the year to 31. AugFusI 2024. In the previous year: a retirement giift of £500 was given to Mr A Pollard on the occasion of him stepping down as Chair of the Charity in October 2022. No other trustees received payinents in that year. Note 4- RESTRJCTED FUNDS During the year restricted donations 'ere received from Sir James Knott Trust (£1 0,000) and The Community Foundation (£9,999). There was no restricled cxp¢nditure in year and the donations were held at the year end together with the £9,782 brought forward from last year from the Nalioiial Lottery Fund. Page 9 of 9