Hulbert Enterprises Ltd Financial Slatements For The Year Ended 31 March 2025 Company Number 11636537
Hulbert Enterprlso8 Ltd Roferenco >Amlnlstratlve Oeta119 Charlty Nam• Hulbert Enterprisès Ltd Company Numbar 11636537 Charlty NUmr 1182215 Tru8tO•S Martin Charl8sworth Ichairl Margarel Hemp Andrew Weslerman Alan Charlesworth (resigned 31121241 8onnie Zahl Kevin Marlln Ireslgned 3118241 Finn Ki8r-Hansen lappoinlgd 24191251 A¢countant Community Accounting Servlces Ltd 7 Napoleon Drive Shrewsbury SY3 SPH R•glst•r•d offl¢• Barnabas Churth Cenlro Longden Coleham Shrewsbury SY3 7DN
Trustees. Report Hulbert Enterprlse$ Ltd on tho Accounts tor the Yo•r Ended 31 March 2025 The trustees present their afinU rewrt and linancsal sialgments ol the charity lor the year gnded 31 March 2025. The financi statoments have bgen prgpared in acccrfdance with the Companies Act 2006 and the Charities SORP IFRS 1021. Structure, Go¥oman¢o and Manag8ment Th& or9anizalion is a charitable company limited by guarantee. incorporated on 23 Octobèr 2018. The company was &slablished undgr a Mgmorandum ol Assoeiation which &slablished the objects and powers ol the charltable Company and is govwned under its Articles ol Association as amended on 7 August 2019 and again on 26 Oclober 2022. Durlng the yèar 8nd8d 31, March 2025, the charity's key actwilies wère Decib81 TrainirYJ and Word Online. Thewell was, as outlin8d in the Iwslge report for th9 financial year ending 31. March 2024, licensed lo a privale busbnèss, Offiin8X on September 1. 2024. The aclivitigs aro fnor8 lully d¢bod In the actlvttl&s section. The Irusl8es hav8 d8lermlnod Ihai all tho$& a¢lfvitl8s lall wllhln the charflable obecllvgs ol the charity. The Irustees cjelegaled day-io-day manag&menl ol the charity to the CEO Stèphen Thomas War(l. Martln Charlesworth, Chalr ol Iruslees. was throughout the year Involve(J In a consullancy capacity wlth the devglopmgnl ol Word Onllne. Tru•t•e joltIOn mothod8 The dlreclors ol Ihg company arg also mgrnb&rs and eharity truste&s lor the purposes ol charlty law and arg èlected by the olher dir&clorltruslees al trustee meetings and conlirmod in thèir position al the Annual Genèral Meelino. Th8 trust&&8 have formed a board gslablished lo act as guidance and support. The board alms lo allo¢ale rgsponslbillty lor dltforenl aroas ol activlty arKI govèmanee ro each trusl&e. Th9$9 argas ttmprise chair duties, linaneè, fundraising, lèarningletJucaiK)n actlvi11g$, Igchnical activities, human rosources and cultur&. OblKtIvo8 and A¢tlvlllg• The obleclwes ol Ihg charity are unchang9d: Th& promotion ol the Christian18ilh and Christian religion in particular through the produ¢tion and disseminaiion, by varKsus means, ol bible leaching resources in dilfergnl languages. The advancement ol educatn, particularly in relalion to the Christian reloion, kn¢)wledge ol the Bible and Chrislian Lkjclrine, lailh arKI practice. The relief ol poverty Ihrough thè outworking ol the educational and leaching resources and appropriate parlnerships.
Tru3t8es' Report Hbert Enlefwlsos Ltd on the Ac1xts ttr1 Yw End•d 31 March 2025 TheWeUSystL Thewell was. as described eadter. Iwised to Olflinex in Septemter 2024. In due course HE Ltd wll receive a lee-based remunerab'on lor the $8ks of The Well by Ominex. Firsl payment dye in December 2025. Decib81 frairnng DLte to the pri1PaI lunder ceasiry fvrKling and staff ol Decthl Tr&niThJ. thè has been largely pause(l. HE Ltd retwns the IP a1 Ihe materiaLs on a tempx)rary basis pending any further agreemet)I wrth Mette Bjergbaek.Klausen, the princi (kvekfw. who is no kirw an employee of HE Ltd. Discussions with her are schL)Juled lo take place later in 2025. Word Online The further development ol Word onli has beon Ihe prinrApd al of the trLL8to8s duTirwJ this ar. These are sorne ol the mn d8VekJp&nts". The SLKcesslul eslabrhrne1n of Slove Ward as Chipf OperalirYJ Off The extensve Oevelorxnenl ol our intemalional soci¥ media yeSere through the work o18ukola Smith The form establi8hmenl ol a'th Team. lo manage the day to day consisting ol Steve Ward. Martin charf9S*rth, Mag3ie Hemp and Bukola Smith The first stages of an irnpacl asse55ment prtKeSS Preparations tor r&pLqtfomiing the wthrto- to IKIe a rarrfJe ol technal and wosentattronaj improvemerts Tho apFointm8nt ol Chell Perf(in$ to assist wparir¥J funding aFplications kn grant.making ¢harrties and trusts Initial consideratNJn of the use ol Al to IllIate translath of Word OnlTh matwial into maj international lar¥Juages Suc¢esslul recordiro ol material to add lo our online rescxjrce l)ase Goc¥J progress wilh posl.pr¢xluclK)n vth a varigty of materials Successful pUblation of naw materiS on OUT website Initial staggs in trwikliry our first intamational partrnr5tti)- .1 Sor¥8 Africa. in Konya 10 Polloy trustggs InlgThJ lo tlId unrgslrthd feSWV8S to a vahje whh will cover thrge months ol normal cwatirKJ costs. At 31. March 2025 reseTrps were £65.870. whrh (bes fulty meet this objective.
Truslges. Report Mulbert EntefPrtge3 Ltd on Accounts tor the Year Ended 31 IAarch 2025 Statwnent ol Trustees. Responslblllti The Trustees (who are also the directors ol the charity lor the purposes ol company lawl are rgsponsible lor preparing the Trustees, Report and the linancial slalernents in accordance with applicable law and UnSled Kingdom A¢counting Standards Iunrted Kingdom Generalty Accepted Accounting Praclicel. CoTnpany law requires the Trustees to prepare financial slalemgnts lor each financial year. Undgr company law, the Trustees must not approve the financial statements unless they are salisligd that they give a true and lair view ol the state ol affairs ol the charity and ol the incoming resources and application ol resources, including the income and expenditure. lor that peric*J. In preparing Ihesè financial slalements. the Trustees are required to.. select suitable accounting policies and Ihgn apply thgm consistently.. observe the methods ano principlgs of tho Charities SORP IFRS 1021- make judgmonls arKI accounting eslimales that are reaSOnae and pwd8nl.' slate whether applicable UK Accounting Standards IFRS 1021 have been followed, sul¥'ecl to any material departures dis¢losed and explained in the linancial slatoments., prepare the financial statements on the going concern basis unb5S it is ina4)propriate lo presume that the charity will conlinug in business. The Trustees are responsible lor keeyng adequate accounting Tecord5 that are sufficient to show and expSain the charitfs transa¢tions and disclose with reasonable accuracy at any time the financial posttlon of the charity and enatrAe them tr) ensure thal the financial statements COM the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and honce lor taking reasonable steps for the prèvention and detgclion ol fraud and olher irregularitF'es. 0g¢laratlon Th8 Irustoes d8clare that they have aKprovgd the Iwst86s' report above. Signgd on bahall ol Ihe charity's trustees Martln Charleswoth Dat•
Indopand•nt Examlngr's Roport to tho Dlrectors of Hulbart Ent¢rprlses Ltd on Ihg Accounts for tho Yoar End 31 March XJ25 Bas18 ol Indopondent exarnlnefg rwirt We f8POrt on tha accounts ol Hulbart Enterpri888 Ltd Lirnilod lor the year ended 31 March 2025 wlich are set out on pagos 2-12. The trustees l¥tho are also the dlraclors ol the company lor Iha purpose ol company lawl arg responsible lor the pr4)aration ol the accounts. The trusle&s consider that an audit is not requlrad lor this ygar under 88¢1ion 144121 ol the Charities A¢1 2011 and that an ind&pgndenl exarnination is needed. 11 is our responsSbility lo.. examine the accounts under section 145 of the 2011 Act., to follow the procedures laid down in the General Dire¢lYJns given by th8 Charity Commi88ion under section 14515llbl ol the 2011 Act,. and lo stale ¥thglh&r particular rnatters have come to our atl8nllon. Ba¥1¥ of Ind•p•nd•nt oxamlnèlj 8tstgThnt Our exarninalK)n was carrigd out in accordanc9 wllh gener& directions for an indep8ndènt examination. An examination includes a ravlgw ol the accounllng records kept by the charlly an4 a comparison ol thg accounts prgsented wlh Ihosa rècords. 11 also includes consideration ol any unusual items or disclosures in the accounts, and 8e8king explanations Irom you as Irustets concgrnirKJ any such maitars. Thg procedures und8rlak&n do not provide all the evK1ence Ihat would be required in an audit, and consequently no opinlon Is glven as lo whether the accounts pr85enl a Irug and lair view. and th8 rèport 1$ limited 10 those mattors $01 out in thè slalemenls below. Ind•wnd•nt •xamln•rfg •tatom•nt In connactlon with our oxamin8b'on, no mallar has come to our atlonllon.. which glv8$ u5 reasonable cause lo belleve thai In, any mal8rial respect, thfj requirements lo keep accounting records in accordancè wrth section 386 01 the Companles Act 2006.. an lo prepare accoun1$ whi¢h accord with thè a¢¢ountirrtJ records and comply wilh the accounling requirements ol section 396 01 the Companies Acl 2006 and with the methods and prinaples ol the Slalement ol R9cogni8ed Praclic8.' k¢ounlng and R?FY)rlirrfJ ol Charil*S have not been met., or to whi¢tt, in our oplnion. aiienllon should dravm in ordar lo gnable a proper undgrstanding ol th8 accounts to be reach8d. Communlty Aceountlng S•rvlc•s Ltd 7 Napoleon Drlve Shrowsbury SY3 SPH iY/ii/)o) s-
HUlrt Ent6rprls•s Ltd Statement of Flnan¢l81 A¢tlvltle5 for the Year Ended 31 March 2025 Unr¢strl¢iod Restrlot8d Fund$ Funds 202S 2025 Tot•1 Fund$ 2025 Total Funds 2024 Note Incomlng Rèsourceg Incoming resources from 0ongraled funds.. Voluntary income Activities lor generaling lunds Stalulory Mai&rnity Pay funding 377,338 4,811 11,197 3TI,338 4,811 11,197 643,427 3,487 Total In¢omlng R•8ouroo8 393,346 393,346 646,914 Rosourc88 EXnded Charitable activities Governare costs 340.103 695 340,103 695 640,798 670 Total RèJour¢os Expended 641,468 N•1 Incomlng I Ioutgolngi R•sourc Bolorg Tran81or• 52,548 52,$48 5,446 Tran8ler 8•Nvgon Fund8 N•1 Incomlng I (Oulgolngl R•8our¢ S2,548 Fund balance brought forward at l Aprll 2024 13,322 13,322 7,878 Fund Balan C•rrl•d Fonvard at 31 M•r¢h 2025 13,322
Hulbort Entorprlses Ltd Balance Sho81 for YMr Ended 31 K4ar¢h 2025 2025 2024 Flxod Ass•t8 Tangiue fixed assets Intsngible lix8d assets 1597 7,866 10 Curr•nt Amtrts Cash al bank and In hand Stock DebtOTS 65,975 167,095 11 15,228 Cf•dltorn: Amount8 lalllng due wlthln one yr 186,422 N•t Curmnt 8011 4,969 N•t As••t• 65.870 13,322 Funds ot tho Ch*rfty Unrestricted fund 13 65,870 13,322 Toi•l Fund• 13,322 For th• yoar èndod 31 March 2025 the company was enliued lo oxompllon from audll under section 477 01 Ihe Companiè5 Act 2006 rèlallng to small companles. Directors r•sponslbllitlos'. tl The m8fnbers havo not required the company to obtaln an audrt ol tts a¢¢ounts lor th& yéar In question In accordance with soction 476. 21 Th8 directors ad(nowledge théir responsibilitl8s lor CoMp,1¥d wlth the rgqulrements ot Ihg Act wlh rtrspoct lo accounting records and the preparation ol the accounts. Thesg accounts have been prepared in accordance wllh th8 prov18k)ns 8ppIle lo cornpanigs subject10 the Small companie8 feglme. Approved by the 8rd on 11.12. 25 and sHJned on 11$ behalf by.. ML M•rtln Charl8•woth
lor the Ytr EndBd 31 Mlrch 2025 . Accountlr4J Pdl¢S•B The W1al aCnrIa are sJmmts¢d bth. Th8 poLw c4nsistenty thrwghr¥Jl the and in the prec8dirYJ yÈ•r. {) B••l• ol •cc<>untlThJ Tho Iinancial siaiem¢n15 hav8 been prer4r&l urdw Ihe htcYic ¢4)st aTrJ In )rdartt the C¢ynpanies Acl 2006 arJ Chantios SORP IFRS 102 (bl Fund accoundn# Unr951rthd lun( ar• the ol IhJSlets in frJniwrwKe gtrwal c4.11¥ ol the charlty. A6siri&J furnls are Iho8e for in a F4rtKwrIr•d or for wrpos•, us? of whth b r•$1• 10 lh ar•a or pJrpos•. 1¢) Ine4mlng r••ow All Incomhyd roswrces 8r8 Ir1113¢d In Ihe stat8m8fit ol hnar1 aciMtN88 lfr• Gnty 8Mrtl•J 10, ¢ortain lo r8c8he. Ihe irtome th¢ amtyjnt can b8 gJanW fea5fw4tr &rY. Tts l¢Yh)wrg polk•• 8r¢ 4ppll8d lo portthL•r ¢atffjorfoS L4 IrKtym•'. Vokjniary 0m¢ by ny d nMwthrydcMiLYo •d ar• kn tl Sl•l0rn8ni of Arrrtw¢ Im1 when recewat4 Idl R•¥¢>ureu Exp•rthd Liqbilllffjs ar• rscoanisS 88 swn as Ihwe is a l¢pal or ccffist¢ Obtn the ch•rty10 I exp8ndiNJr•. ExpeTr¥rtu 1$ rK(¥Jni5•J on an and is rtyty1¢d ths parf ol Ihe eXFilUr0l0 wtrich tt IWaieB. Th8 resour8 within thrKI cc•t• Ilu• Mr¥res whth haw tw a10d ar8 ¥alLd at Iho market raie". Choriiabkn I¥itrg IlThe i1•d ty the ¢arrfy in tr• d8l%wy cl hs lor its n11ClarIeS. 11 borh com$ Ih•i can to &ctMli8¥ aTh# lts of an IndiKI n8ium n¢¢ossary 10 8iWrt trwn. ¢3owmarte kncW• cc4 mg9Or4 fv C4vo¢itrt r]Uif•Mn¢s ol thg charlly and IlU19 IINry IndèrThni ExaM&r5 lee. I co81$ ar• k%8t8d OWdr¢ ¢•Wi•¥ of the S)FA on • l)Mis to lh• umol It re80LfCe. {•) Flx•d A•••t• Tangible I8d assots am $t418d ai cc61 589$ ttvJThuJlai8d dewe¢wk. wovKSod cm lang1? fixqd a$se15 so as 10 write olf ltr• cc61 oi valuatson. any esiyfflaied $th1o4 over Iheif 8XFcièd u501ul acc0m lil• ts folkjws.. & oqupmem ImE0m1[ reviews are carnad ¢Mrt &s K1et)cèt¢>iie51014hl thai the recoveratit amwnl ol lun¢tr1 lixed ass•1 is its r1 bwk 10 damage. obsothcw or rethni18CI$. Imanglble lix&1 assets 8r8 Stated al¢L1 ac¢umubled arnryltsatK. AMorti)rt is provthy on irtaryb IrAed assets so as lo wiitg off th• or vajatso loss ary esiimaied rosal va. thrlh8irewied useful lil¢ a5 follows.. IrnYb assets 10 years Strabjhl
forlhpY•BI Enthd J1 2025 Ttyar Fw 64321? &tta 643.427 F• E4 4•11 3.487 3.487 PdUCEK]n cuIs r47 n7 ca Wthrt•¢os 1,709 rwrt costs Ronl & •U.197 17mS 797 204.878 Fleroirs ¢omwer¢os 1W2 110n 14. T¢i4)hO knIr Vl•)g$ 3.451 236241 19.564 IE&J3S Stsff trairy StsftVISAs PrtSiOn 551 1151 1154 5.071 Trdvd & bsle Klileaoe. wrting & Depwiaty)nol ass ofiTrryty• hA•J ass•ts 16.446 87 $312 4.746 Totyl 641.468 7 T•xthn
Hulbert Entsrwisos Lld Notss to the Fin8ncial Statements Continued for the Year Ended 31 March 2025 8 Independent Examiner's Fees These are irtluded wthin Accwntancy Fees under Goveman¢e Costs as detai18d below.. 2025 2024 Independent Examinerfs Fee Other accountarw Ibts 625 70 625 45 Total Accountancy fees 695 670 9 Tanglblo Flx•d At$ Plant & M•¢hinery As at 1 April 2024 Addityons Disposals A8 at 31 Mar¢h 2025 14,2KI DepTe¢iiOn As at 1 April 2024 Charge for the year On disp05als As at 31 March 2025 6.425 1.023 N818ook Valuo As al 31 Mar¢h 2025 As at 1 April 2024 10 Intangible Fixed Assot8 Intsngible Assets As at l April 2024 Additions Oisw8als A8 at 31 March 2025 872 872 Doprecialion A5 at 1 April 2024 Charge for th8 year On disposals As ai 31 March 2025 87 472 Nol B<>ok Valu8 As at 31 Klarch 2025 4) As at 1 April 2024
Hullm Enterprises Ltd )tes to th• Flnanclal Ststements Contlnuod for Ihè Yoar Ended 31 IA•r¢h 2ty25 11 D•btors 2024 Prepaymgnts Ront Dgkwdit 12.035 3. 193 Totsj 15,228 12 Cr•dltors: F•lllng Duo wlthln On• Yo•r 2025 2024 Accruals Tradg Cr&Jiiors PAYE Delerr•J Incom8 625 28,011 6, 189 151,597 827 To 186,422 13 Analy$l8 of Not Aw•ts Belweèn Funds Unrnstrl¢t Fund¥ Restrktod Funds Total Funds Fix8d Assets Currgnl Assets Current Liabilities 3.997 65,975 14,1021 3.997 6S.975 14,102) N•1 As58ts al 31 March 2025 65070 14 Mov•m•nl In lund8 Bmught Forward In¢omlno RurceS Rts)urceg Exwnd•d Tr•nstor• Inl{outi Carrlod Forw•rd Unr••trfd•d Fund* 13,322 Total ol Fund8 13,322