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 NUm￿r
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 ob*ecllvgs 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 jol￿tIOn 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$9 argas
tt*mprise chair duties, linaneè, fundraising, lèarningletJucaiK)n actlvi11g$, 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 educat￿n, 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
H￿bert Enlefwlsos Ltd
on the Ac1x￿￿ts tt*r1￿ Yw End•d 31 March 2025
TheWeUSyst￿L*
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 $8ks of The Well by Ominex. Firsl payment dye in December 2025.
Decib81 frairnng
DLte to the pri￿1PaI lunder ceasiry fvrKling and staff ol Decthl Tr&niThJ. thè has been largely
pause(l. HE Ltd retwns the IP a￿1 Ihe materiaLs on a tempx)rary basis pending any further agreemet)I wrth
Mette Bjergbaek.Klausen, the princi￿ (kvekfw. who is no kirw an employee of HE Ltd. Discussions with
her are schL)Juled lo take place later in 2025.
Word Online
The further development ol Word onli￿ has beon Ihe prinrApd ￿al of the trLL8to8s duTirwJ this ￿ar. These
are sorne ol the m￿n d8VekJp￿&nts".
The SLKcesslul eslabr￿hrne1n of Slove Ward as Chipf OperalirYJ Off
The extensve Oevelorxnenl ol our intemalional soci¥ media yeSer￿e through the work o18ukola
Smith
The form￿ establi8hmenl ol a'th Team. lo manage the day to day consisting ol Steve
Ward. Martin charf9S*￿rth, Mag3ie Hemp and Bukola Smith
The first stages of an irnpacl asse55ment prtKeSS
Preparations tor r&pLqtfomiing the wthrto- to I￿￿KIe a rarrfJe ol techn￿al and
wosentattronaj improvemerts
Tho apFointm8nt ol Chell Perf(in$ to assist ￿ wparir¥J funding aFplications kn grant.making
¢harrties and trusts
Initial consideratNJn of the use ol Al to I￿llIate 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 pUbl￿ation of naw materi￿S on OUT website
Initial staggs in trwikliry our first intamational partrnr5tti)- .1 Sor¥8 Africa. in Konya
10
Polloy
trustggs InlgThJ lo t￿lId unrgslrthd feSWV8S to a vahje wh￿h 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 reaSOna￿e 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-

HUl￿rt 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 EX￿nded
Charitable activities
Governar￿e 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 y￿r
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 8ppI￿le 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 Yt*r EndBd 31 Mlrch 2025
. Accountlr4J Pdl¢S•B
The W1￿￿al aC￿n￿rIa are sJmm*ts¢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 h*tcYic￿ ¢4)st aTrJ In ￿)rdartt the
C¢ynpanies Acl 2006 ar*J Chantios SORP IFRS 102
(bl Fund accoundn#
Unr951rthd lun(* ar• *the ol IhJSlets in frJniwrwKe gtrwal c*4.￿11¥￿ ol
the charlty.
A6sir*i&J furnls are Iho8e for in a F4rtKw￿rIr•d or for wrpos•, us? of whth b r•$1￿•
10 lh* ar•a or pJrpos•.
1¢) Ine4mlng r••ow
All Incomhyd roswrces 8r8 Ir￿1113¢d In Ihe stat8m8fit ol hnar￿￿1 aciMtN88 lfr• G￿nty 8Mrtl•J 10,
¢ortain lo r8c8he. Ihe irtome th¢ amtyjnt can b8 gJanW fea5fw4tr￿ &￿r*Y. Tts l¢Yh)wrg pol*k••
8r¢ 4ppll8d lo portthL•r ¢atffjorfoS L4 IrKtym•'.
Vokjniary ￿0m¢ by ny d nMw*thrydcMiLYo •d ar• kn tl* Sl•l0rn8ni of Ar*rrtw¢
Im1￿ when recewat4
Idl R•¥¢>ureu Exp•rthd
Liqbilllffjs ar• rscoanis*S 88 swn as Ihwe is a l¢pal or ccffist￿￿¢ Ob￿t￿n the ch•rty10 I
exp8ndiNJr•. ExpeTr¥rtu￿ 1$ rK(¥Jni5•J on an and is rtyty1¢d ths parf ol Ihe eXF*￿ilUr0l0 wtrich tt
IWaieB. Th8 resour￿8 within thrKI cc•t• Ilu• Mr¥res whth haw tw a￿10d ar8
¥alL*d at Iho market raie".
Choriiabkn I¥￿it￿rg IlThe i￿￿1•d ty the ¢*arrfy in tr• d8l%wy cl hs lor
its ￿n*11ClarIeS. 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¢it￿￿rt r*]Uif•Mn¢s ol thg
charlly and I￿lU19 IINry Indèr*Th*ni ExaM￿&r5 lee.
I co81$ ar• ￿k%8t8d OWd￿r¢ ¢•Wi•¥ of the S)FA on • l)Mis to lh• umol
It￿ re80LfCe.
{•) Flx•d A•••t•
Tangible I￿8d assots am $t418d ai cc61 589$ ttvJThuJlai8d dewe¢wk*. wovKSod cm lang￿1? fixqd
a$se15 so as 10 write olf ltr• cc61 oi valuatson. ￿ any esiyfflaied ￿$th1o4 over Iheif 8XF*cièd u501ul
acc￿0m* lil• ts folkjws..
& oqupmem
ImE0m1￿[ reviews are carnad ¢Mrt &s *K1et)cèt¢>iie51014hl thai the recoveratit amwnl ol
lun¢t￿r￿1 lixed ass•1 is its r￿1 bwk 10 damage. obsothcw or rethni18CI￿$.
Imanglble lix&1 assets 8r8 Stated al¢L￿1 ac¢umubled arnryltsatK￿. AMorti￿￿)rt is provthy on irtaryb
IrAed assets so as lo wiitg off th• or va*jatso￿ loss ary esiimaied ros*￿al va*. thrlh8irewied useful
lil¢ a5 follows..
Irn*Yb￿ assets
10 years Strabjhl

forlhpY•BI Enthd J1 2025
Ttyar
Fw
64321?
&tta
643.427
F￿•
E4
4•11
3.487
3.487
P￿dUCEK]n cu*Is
r47
n7
ca￿
Wthrt•¢o*s
1,709
rwrt costs
Ronl &
•U.197
17mS
797
204.878
Fleroirs
¢omwer¢os
1W2
110n
14.
T¢i4)hO
knI￿r
Vl•)g$
3.451
236241
19.564
IE&J3S
Stsff trai￿ry
StsftVISAs
P*rtSiOn
551
1151
1154
5.071
Trdvd & ￿b￿sle
Klileaoe. wrting &
Depwiaty)nol ass
ofiTr*ryty• 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 A￿t$
Plant &
M•¢hinery
As at 1 April 2024
Addityons
Disposals
A8 at 31 Mar¢h 2025
14,2KI
DepTe¢i￿iOn
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
R￿urceS
Rts)urceg Exwnd•d
Tr•nstor•
Inl{outi
Carrlod
Forw•rd
Unr••trfd•d Fund*
13,322
Total ol Fund8
13,322