Charity no. 1211751
The Mysterious Goodness Fund Report and Unaudited Financial Statements
31 December 2025
The Mysterious Goodness Fund
Reference and administrative details
| For theperiod ended 31 | December 2025 | ||
|---|---|---|---|
| Charity number | 1211751 | ||
| Registered office and | Godfrey Wilson Ltd | ||
| operational address | 5th Floor Mariner House | ||
| 62 Prince Street | |||
| Bristol | |||
| BS1 4QD | |||
| Trustees | The trustees who served during the period and up to the date of this report | ||
| were as follows: | |||
| Alan Heeks | Chair | Appointed on 17 January 2025 | |
| Dr William Beharrell | Appointed on 17 January 2025 | ||
| Frances Dashwood | Appointed on 17 January 2025 | ||
| Nayyer Hussain | Appointed on 17 January 2025 | ||
| Elinor Sinclair | Appointed on 17 January 2025 | ||
| Bankers | The Co-operative Bank plc | ||
| 1 Balloon Street | |||
| Manchester | |||
| M4 4BE | |||
| Solicitors | Bates Wells & Braithwaite London LLP | ||
| 10 Queen Street Place | |||
| London | |||
| EC4R 1BE | |||
| Independent examiners | Godfrey Wilson Limited | ||
| Chartered accountants and | statutory auditors | ||
| 5th Floor Mariner House | |||
| 62 Prince Street | |||
| Bristol | |||
| BS1 4QD |
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The Mysterious Goodness Fund
Report of the trustees
For the period ended 31 December 2025
The Trustees are pleased to present their annual report together with the independently examined financial statements of The Mysterious Goodness Fund for the period ended 31 December 2025. The Trustees confirm that the annual report and financial statements comply with the current statutory requirements and Accounting and Reporting by Charities: the Statement of Recommended Practice, issued 2019 (Charities SORP (FRS 102)).
Reference and administrative details of the charity, the Trustees, and advisors of The Mysterious Goodness Fund are set out on page 1 and form part of this report.
Structure, governance and management
The Mysterious Goodness Fund is Charitable Incorporated Organisation (CIO), governed by a constitution which was adopted on registration on 17 January 2025.
The Mysterious Goodness Fund is wholly funded by a charitable settlement made by the Chair, Alan Heeks. This was previously held as a managed fund with the Charities Aid Foundation (CAF), and the newly constituted The Mysterious Goodness Fund consolidates years of support of charitable causes through CAF.
On appointment, the inaugural Trustees were provided with a copy of the constitution, a guide to the key aims of The Mysterious Goodness Fund and operational responsibilities under the CIO’s governing document and charity law, along with a copy of the Charity Commission’s “The Essential Trustee” guidance.
The Trustees were appointed in accordance with the constitution, with consideration of relevant experience in environmental, health and international development sectors, project management, grantmaking, and charitable governance.
The trustees met for their inaugural meeting in September 2025, to oversee strategy, governance and financial management. Core policies including the grantmaking policy were approved in line with statutory requirements.
Key operational risks were identified and mitigated through regular review of financial controls, governance arrangements, and grantmaking procedures.
Objectives and activities
Charitable purposes:
The Mysterious Goodness Fund’s charitable objects are to advance any purposes recognised as charitable under the laws of England and Wales at the trustees’ discretion, including but not limited to conservation and improvement of the physical and natural environment. It achieves this through making grants to registered and exempt charities and individuals and organisations carrying out charitable activities. The Mysterious Goodness Fund seeks to support smaller and less mainstream charities and community led projects, where its funding can make a significant difference.
Public benefit:
The Trustees confirm that they have complied with section 17 of the Charities Act 2011 to have due regard to public benefit guidance published by the Charity Commission. The Trustees confirm that all activities and grantmaking decisions were made in furtherance of the charity’s public benefit objectives, with attention to accessibility and positive impact for communities and environments served.
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The Mysterious Goodness Fund
Report of the trustees
For the period ended 31 December 2025
Activities:
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establishment of grantmaking procedures and internal systems;
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development of application, assessment and monitoring frameworks;
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engagement with partners including the Network for Social Change to support small grassroots initiatives; and
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awarding of a handful of small initial grants to eligible organisations undertaking environmental and social impact work.
Achievements and performance
The first year of operation has been a foundational one, and the Mysterious Goodness Fund has concentrated on establishing processes and policies to create a strong base going forward. The Trustees held their first formal trustee meeting in September, at which they approved the grantmaking policy, and awarded The Mysterious Goodness Fund’s first suite of grants to four projects focusing on environmental sustainability.
Monitoring and feedback
The Trustees have approved the grantmaking policy which incorporates basic impact assessment mechanisms to capture early outcomes from funded initiatives (e.g. initial beneficiary feedback, community engagement indicators).
Chair's report
From a standing start in early 2025, The Mysterious Goodness Fund has made good progress in establishing basic systems and forming the trustee body. I would like to thank Claire Wainwright for her invaluable help in this process.
In 2026, the Mysterious Goodness Fund will continue to make a number of grants in the £5,000 - £10,000 range, and is exploring potential for larger grants to support a couple of pioneering projects: one in the food security sector and the other focused on mental and spiritual wellbeing. It is likely that The Mysterious Goodness Fund will also continue to support the Community Climate Resilience project being run by the Network for Social Change.
Financial review
Summary of financial position:
As a newly registered charity, all income derives from an initial settlement from the Chair, Alan Heeks. The charity has made a small number of initial awards, through the Network for Social Change, and has begun considering the strategic direction of larger grants to be made in 2026.
The charity received total income of £614,602 during the period, and spent £27,212 on administration and grantmaking, resulting in an overall surplus of £587,390.
Reserves policy:
As a grantmaking charity, the Trustees intend to continue in operation for at least 3 years and will maintain unrestricted reserves sufficient to enable us to make grants over this period. The Trustees will update the reserves policy over the next year, in line with the charity's emerging strategy and activity. At 31 December 2025, unrestricted reserves held were £587,390, which the trustees consider sufficient for the continuing operation of the charity until the reserves policy is developed in greater detail.
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The Mysterious Goodness Fund
Report of the trustees
For the period ended 31 December 2025
Investment policy
The charity has adopted a cautious approach to investing funds, with funds invested on deposit with Cooperative Business Banking, prioritising liquidity and safeguarding charitable assets.
Plans for future periods
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launch a grant round to support a range of environmental and community led projects;
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embed impact measurement and evaluation practices for grants made directly to beneficiaries;
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build partnerships to extend reach and foster collaboration; and
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review and update policies for risk management and governance.
Statement of responsibilities of the trustees
The trustees are responsible for preparing the trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102: The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial year, which give a true and fair view of the state of affairs of the charity and the incoming resources and application of resources, including the net income or expenditure, of the charity for the year. In preparing those financial statements the trustees are required to:
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select suitable accounting policies and then apply them consistently;
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observe the methods and principles in the Charities SORP;
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make judgements and accounting estimates that are reasonable and prudent;
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state whether applicable accounting standards and statements of recommended practice have been followed, subject to any material departures disclosed and explained in the financial statements; and
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and which enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the constitution. The trustees are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charity's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
Members of the charity have no liability to contribute to the assets of the charity in the event of winding up. The trustees are members of the charity but this entitles them only to voting rights. The trustees have no beneficial interest in the charity.
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The Mysterious Goodness Fund
Report of the trustees
For the period ended 31 December 2025
Independent examiners
Godfrey Wilson Limited were appointed as independent examiners to the charity during the period and have expressed their willingness to continue in that capacity.
Approved by the trustees on 10 April 2026 and signed on their behalf by
Alan Heeks
Alan Heeks - Chair
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Independent examiner's report
To the trustees of
The Mysterious Goodness Fund
I report to the trustees on my examination of the accounts of The Mysterious Goodness Fund (the CIO) for the period ended 31 December 2025, which are set out on pages 7 to 14.
Responsibilities and basis of report
As the charity trustees of the CIO you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).
I report in respect of my examination of the CIO’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner’s statement
Since the CIO’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales (ICAEW), which is one of the listed bodies.
Godfrey Wilson Limited also provides registered office address services to the CIO. I confirm that as a member of the ICAEW I am subject to the FRC’s Revised Ethical Standard 2024, which I have applied with respect to this engagement.
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
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(1) accounting records were not kept in respect of the CIO as required by section 130 of the Act; or
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(2) the accounts do not accord with those records; or
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(3) the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair view' which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Jennifer Dickinson
Date: 10 April 2026 Jennifer Dickinson ACA Member of the ICAEW Godfrey Wilson Limited Chartered accountants and statutory auditors 5th Floor Mariner House 62 Prince Street Bristol BS1 4QD
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The Mysterious Goodness Fund
Statement of financial activities
For the period ended 31 December 2025
| Note Income from: Donations and legacies 2 Investments Total income Expenditure on: Charitable activities Total expenditure 3 Net income and net movement in funds Reconciliation of funds: Total funds brought forward Total funds carried forward |
2025 Total £ 614,061 541 614,602 27,212 27,212 587,390 - 587,390 |
|---|---|
All of the income and expenditure in the period was unrestricted.
All of the above results are derived from continuing activities. There were no other recognised gains or losses other than those stated above.
As described in note 1 c) to the accounts, no comparative information is presented in the accounts as this is the first period of the charity's operations following the CIO's registration on 17 January 2025. The accounts have been prepared for the period 17 January 2025 to 31 December 2025, in accordance with authority granted by The Charity Commission.
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The Mysterious Goodness Fund
Balance sheet
As at 31 December 2025
----- Start of picture text -----
2025
Note £ £
Current assets
Debtors 7 108
Cash at bank and in hand 589,382
589,490
Liabilities
Creditors: amounts falling due within 1 year 8 (2,100)
Net current assets 587,390
Net assets 587,390
Funds
Unrestricted funds
General funds 587,390
Total charity funds 587,390
----- End of picture text -----
Approved by the trustees on 10 April 2026 and signed on their behalf by Alan Heeks
Alan Heeks - Chair
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The Mysterious Goodness Fund
Statement of cash flows
For the period ended 31 December 2025
| Cash flows from operating activities: Net movement in funds Adjustments for: Dividends, interest and rents from investments Increase in debtors Increase in creditors Net cash provided by operating activities Cash flows from investing activities: Dividends, interest and rents from investments Net cash provided by investing activities Increase in cash and cash equivalents in the period Cash and cash equivalents at the beginning of the period Cash and cash equivalents at the end of the period |
2025 £ 587,390 (541) (108) 2,100 588,841 541 541 589,382 - 589,382 |
|---|---|
The charity has not provided an analysis of changes in net debt as it does not have any long term financing arrangements.
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The Mysterious Goodness Fund
Notes to the financial statements
For the period ended 31 December 2025
1. Accounting policies
- a) General information and basis of preparation
The Mysterious Goodness Fund is a charitable incorporated organisation (CIO) registered in England and Wales. The registered office address is Godfrey Wilson Ltd, 5th Floor Mariner House, 62 Prince Street, Bristol, BS1 4QD.
The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
The Mysterious Goodness Fund meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note.
b) Going concern basis of accounting
The accounts have been prepared on the assumption that the charity is able to continue as a going concern, which the trustees consider appropriate having regard to the current level of unrestricted reserves. There are no material uncertainties about the charity's ability to continue as a going concern.
c) Accounting period and comparative information
The CIO was first registered on 17 January 2025. The accounts have been prepared for the period 17 January 2025 to 31 December 2025, in accordance with authority granted by The Charity Commission. As this is the first period of the charity's operations, no comparative information is presented in the accounts.
d) Income
Income is recognised when the charity has entitlement to the funds, any performance conditions attached to the item of income have been met, it is probable that the income will be received and the amount can be measured reliably.
Income from the government and other grants, whether 'capital' grants or 'revenue' grants, is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably and is not deferred.
e) Interest receivable
Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity: this is normally upon notification of the interest paid or payable by the bank.
f) Funds accounting
All funding in the current and prior period is unrestricted. Unrestricted funds are available to spend on activities that further any of the purposes of the charity.
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The Mysterious Goodness Fund
Notes to the financial statements
For the period ended 31 December 2025
1. Accounting policies (continued)
g) Expenditure and irrecoverable VAT
Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably.
Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred.
h) Allocation of support and governance costs
Support costs are those functions that assist the work of the charity but do not directly undertake charitable activities. Governance costs are the costs associated with the governance arrangements of the charity, including the costs of complying with constitutional and statutory requirements and any costs associated with the strategic management of the charity’s activities. These costs have been allocated in full to charitable activities.
i) Debtors
Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
j) Cash at bank and in hand
Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
k) Creditors
Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.
l) Financial instruments
The trust only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently recognised at amortised cost using the effective interest method.
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The Mysterious Goodness Fund
Notes to the financial statements
For the period ended 31 December 2025
1. Accounting policies (continued)
m) Accounting estimates and key judgements
- In the application of the charity's accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.
There are no key sources of estimation uncertainty that have a significant effect on the amounts recognised in the financial statements.
2. Income from donations and legacies
| Donations Total income from donations and legacies |
2025 Total £ 614,061 614,061 |
|---|---|
All income received in the period was unrestricted.
3. Total expenditure
| Grants payable (note 4) Legal and professional fees Accountancy fees Administration Travel & subsistence Sub-total Allocation of support and governance costs Total expenditure |
Charitable activities £ £ 14,400 - - 9,480 - 2,100 - 1,173 - 59 14,400 12,812 12,812 (12,812) 27,212 - Support and governance costs |
2025 Total £ 14,400 9,480 2,100 1,173 59 27,212 - 27,212 |
|---|---|---|
Total governance costs were £11,688.
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The Mysterious Goodness Fund
Notes to the financial statements
For the period ended 31 December 2025
4. Grants payable
During the period, four new grants were awarded to the Network for Social Change to support a range of projects as described below.
Total grants committed to during the period were as follows:
----- Start of picture text -----
|||
|---|---|
|2025|
|£|
|Grants payable to institutions:|
|Network for Social Change - Community Climate Resilience|8,000|
|Network for Social Change - Flying Fair|2,000|
|Network for Social Change - Fossil Fuels and Insurance|1,000|
|Network for Social Change - other projects|3,400|
|Total grants payable to institutions|14,400|
----- End of picture text -----
5. Net movement in funds
This is stated after charging:
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||||
|---|---|---|
|2025|
|£|
|Trustees' remuneration|Nil|
|Trustees' reimbursed expenses|59|
|Independent examiner's remuneration (excluding VAT):|
||Independent examination|1,750|
||Other services|90|
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In common with other charities of our size and nature we use our independent examiners to assist with the preparation of the financial statements. Our independent examiners also provide us with registered office address services.
One trustee was reimbursed travel expenses of £59 during the period.
6. Taxation
The charity is exempt from corporation tax as all its income is charitable and is applied for charitable purposes.
7. Debtors
----- Start of picture text -----
|||
|---|---|
|2025|
|£|
|Prepayments|108|
|108|
----- End of picture text -----
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The Mysterious Goodness Fund
Notes to the financial statements
For the period ended 31 December 2025
| 8. Creditors: amounts falling due within 1 year Accruals 9. Conduit funding Balance at start of year Funding received during year Funding distributed during year Balance at end of year |
2025 £ 2,100 2,100 2025 £ - 7,800 (7,800) - |
|---|---|
Conduit funds are monies received for third parties and do not belong to the charity. The charity passes them through the accounts under a unique project code as a service to other charities to help their charitable purposes, but does not claim gift aid nor has control over their use. The receipts and payments referred to above have been excluded from the Statement of Financial Activities.
10. Related party transactions
During the period, Alan Heeks, the chair of trustees, donated £614,061 to the charity. No conditions are attached to these donations.
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