REGISTERED CHARITY NUMBER: 231027
Report of the Trustees and Unaudited Financial Statements for the Year Ended 31 December 2024
for
The Micklepage Trust
Nielsens Chartered Accountants The Gatehouse 453 Cranbrook Road Ilford Essex IG2 6EW
The Micklepage Trust
Contents of the Financial Statements for the Year Ended 31 December 2024
| Page | |
|---|---|
| Report of the Trustees | 1 to 3 |
| Independent Examiner's Report | 4 |
| Statement of Financial Activities | 5 |
| Balance Sheet | 6 |
| Notes to the Financial Statements | 7 to 9 |
| Detailed Statement of Financial Activities | 10 |
The Micklepage Trust
Report of the Trustees for the Year Ended 31 December 2024
The trustees present their report with the financial statements of the charity for the year ended 31 December 2024. The trustees have adopted the provisions of 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).
OBJECTIVES AND ACTIVITIES
Objectives and aims
To provide a Christian place where individuals of all ages, gender, race, sexual orientation, ability or disability, faiths (or none) may find rest, recreation, and sustenance for the spirit to move forward on lifeís journey.
To provide a Christian Place for groups to eat, sleep, work, rejuvenate and celebrate together.
To provide a Christian place in which people are able to share life as a group in the belief that they thereby become greater than the sum of their individual parts
To encourage people to give their labour to sustain and beautify the buildings and grounds.
Significant activities
The charity's property was booked by: Faith Groups Activity Groups (often including activities for disabled and vulnerable adults and children; Family Groups; Working party Groups; New Groups.
Public benefit
The Charity has continued to remain true to its purposes in being available to members of the public to provide a Christian place of rest, recreation and renewal.
Social investments
There was no program related investment.
Grantmaking
The Trust does not make grants.
Volunteers
Volunteers contributed to grounds clearance and general maintenance, including painting and decorating.
ACHIEVEMENTS AND PERFORMANCE
Charitable activities
The Charity continues to make available the charity's residential property for letting and maintains it for this purpose.
Fundraising activities
The Trust did not actively fund raise.
Investment performance
The trust has not engaged in any investments.
Internal and external factors
The principal risk the Trust has identified is creeping suburbanisation of the rural landscape in which it is set, and which creates its ambiance and allows for the peaceful enjoyment. The Trust, with the local community has successfully opposed two planning applications which if allowed would have seriously and deleteriously affected the Trusts objectives.
FINANCIAL REVIEW
Financial position
The trust made a loss this year of £11,996 (2023 - Surplus £1,532) and reserves carried forward were £78,051.
Roof repairs were carried out in the year which amounted to £7,724 and other fire safety measures costing over £3,000 contributes to the loss for the year.
Page 1
The Micklepage Trust
Report of the Trustees for the Year Ended 31 December 2024
FINANCIAL REVIEW
Principal funding sources
Bookings payments are the principal source of the charities funds
Investment policy and objectives
The charity continues to actively manage the Trust premises to make it attractive to the beneficiaries to ensure that they return and continue to find benefit there.
Reserves policy
The charity aims to hold a minimum reserve of £50,000 to ensure that the charity can continue operations following any unforeseeable interruption to its income.
Going concern
The charity is in a sound position with sufficient revenue and reserves to maintain its operation and business continuity in the event of any stochastic event.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
Recruitment and appointment of new trustees
New trustees are recruited and elected by Micklepage Council.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number
Principal address Micklepage Farm Farmhouse and Barn Nuthurst Road Nuthurst Horsham RH13 6RG
Trustees
J Wiser S Tippins J Wyatt S Mayo K Mayo J Cole C O'Flynn
Independent Examiner
Dipakkumar Shah FCA Nielsens Chartered Accountants The Gatehouse 453 Cranbrook Road Ilford Essex IG2 6EW
Page 2
The Micklepage Trust
Report of the Trustees for the Year Ended 31 December 2024
Approved by order of the board of trustees on ........October 2025 and signed on its behalf by:
........................................................................ J Wiser - Trustee
Page 3
Independent Examiner's Report to the Trustees of The Micklepage Trust
Independent examiner's report to the trustees of The Micklepage Trust
I report to the charity trustees on my examination of the accounts of The Micklepage Trust (the Trust) for the year ended 31 December 2024.
Responsibilities and basis of report
As the charity trustees of the Trust 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 Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act.
Independent examiner's statement
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:
-
accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or
-
the accounts do not accord with those records; or
-
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.
Dipakkumar Shah FCA The Institute of Chartered Accountants in England and Wales
Nielsens Chartered Accountants The Gatehouse 453 Cranbrook Road Ilford Essex IG2 6EW
Date: ........October 2025
Page 4
The Micklepage Trust
Statement of Financial Activities for the Year Ended 31 December 2024
| 31.12.24 | 31.12.23 | ||
|---|---|---|---|
| Unrestricted | Total | ||
| fund | funds | ||
| Notes | £ | £ | |
| INCOME AND ENDOWMENTS FROM | |||
| Investment income | 2 | 30,966 | 27,924 |
| EXPENDITURE ON | |||
| Charitable activities | |||
| Facilities hire | 42,422 | 26,332 | |
| Other | 540 | 60 | |
| Total | 42,962 | 26,392 | |
| NET INCOME/(EXPENDITURE) | (11,996) | 1,532 | |
| RECONCILIATION OF FUNDS | |||
| Total funds brought forward | 90,047 | 88,515 | |
| TOTAL FUNDS CARRIED FORWARD | 78,051 | 90,047 |
The notes form part of these financial statements
Page 5
The Micklepage Trust
Balance Sheet
31 December 2024
| 31.12.24 | 31.12.23 | ||
|---|---|---|---|
| Unrestricted | Total | ||
| fund | funds | ||
| Notes | £ | £ | |
| CURRENT ASSETS | |||
| Cash at bank | 78,052 | 90,047 | |
| CREDITORS | |||
| Amounts falling due within one year | 4 | (1) | - |
| NET CURRENT ASSETS | 78,051 | 90,047 | |
| TOTAL ASSETS LESS CURRENT | |||
| LIABILITIES | 78,051 | 90,047 | |
| NET ASSETS | 78,051 | 90,047 | |
| FUNDS | 5 | ||
| Unrestricted funds | 78,051 | 90,047 | |
| TOTAL FUNDS | 78,051 | 90,047 |
The financial statements were approved by the Board of Trustees and authorised for issue on ........October 2025 and were signed on its behalf by:
............................................. J Wiser - Trustee
............................................. C O'Flynn - Trustee
The notes form part of these financial statements
Page 6
The Micklepage Trust
Notes to the Financial Statements for the Year Ended 31 December 2024
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
2. INVESTMENT INCOME
| INVESTMENT INCOME | ||
|---|---|---|
| 31.12.24 | 31.12.23 | |
| £ | £ | |
| Rents received | 28,689 | 26,263 |
| Deposit account interest | 2,277 | 1,661 |
| 30,966 | 27,924 |
3. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 December 2024 nor for the year ended 31 December 2023.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 December 2024 nor for the year ended 31 December 2023.
continued...
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The Micklepage Trust
Notes to the Financial Statements - continued for the Year Ended 31 December 2024
4. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| 4. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||
|---|---|---|---|
| 31.12.24 | 31.12.23 | ||
| £ | £ | ||
| Trade creditors | 1 | - | |
| 5. | MOVEMENT IN FUNDS | ||
| Net | |||
| movement | At | ||
| At 1.1.24 | in funds | 31.12.24 | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund 90,047 |
(11,996) | 78,051 | |
| TOTAL FUNDS 90,047 |
(11,996) | 78,051 | |
| Net movement in funds, included in the above are as follows: | |||
| Incoming | Resources | Movement | |
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund 30,966 |
(42,962) | (11,996) | |
| TOTAL FUNDS 30,966 |
(42,962) | (11,996) | |
| Comparatives for movement in funds | |||
| Net | |||
| movement | At | ||
| At 1.1.23 | in funds | 31.12.23 | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund 88,515 |
1,532 | 90,047 | |
| TOTAL FUNDS 88,515 |
1,532 | 90,047 | |
| Comparative net movement in funds, included in the above are as follows: | |||
| Incoming | Resources | Movement | |
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund 27,924 |
(26,392) | 1,532 | |
| TOTAL FUNDS 27,924 |
(26,392) | 1,532 |
continued...
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The Micklepage Trust
Notes to the Financial Statements - continued for the Year Ended 31 December 2024
5. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined position is as follows:
| Net | ||
|---|---|---|
| movement | At | |
| At 1.1.23 | in funds |
31.12.24 |
| £ | £ | £ |
| Unrestricted funds | ||
| General fund 88,515 |
(10,464) | 78,051 |
| TOTAL FUNDS 88,515 |
(10,464) | 78,051 |
| A current year 12 months and prior year 12 months combined net movement in funds, included in the above ar | ||
| as follows: | ||
| Incoming | Resources |
Movement |
| resources | expended |
in funds |
| £ | £ | £ |
| Unrestricted funds | ||
| General fund 58,890 |
(69,354) | (10,464) |
| TOTAL FUNDS 58,890 |
(69,354) | (10,464) |
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
6. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 December 2024.
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The Micklepage Trust
Detailed Statement of Financial Activities for the Year Ended 31 December 2024
| for the Year Ended 31 | December 2024 | |
|---|---|---|
| 31.12.24 | 31.12.23 | |
| £ | £ | |
| INCOME AND ENDOWMENTS | ||
| Investment income | ||
| Rents received | 28,689 | 26,263 |
| Deposit account interest | 2,277 | 1,661 |
| 30,966 | 27,924 | |
| Total incoming resources | 30,966 | 27,924 |
| EXPENDITURE | ||
| Charitable activities | ||
| Rates and water | 1,500 | 1,223 |
| Insurance | 3,370 | 2,760 |
| Light and heat | 9,259 | 6,557 |
| Telephone | 219 | 309 |
| Sundries | - | 650 |
| Consumables | 4,875 | 2,566 |
| Property repairs | 13,764 | 3,729 |
| Cleaning & maintenance | 7,488 | 8,538 |
| 40,475 | 26,332 | |
| Support costs | ||
| Management | ||
| Advertising | 1,947 | - |
| Finance | ||
| Bank charges | 60 | 60 |
| Governance costs | ||
| Accountancy and legal fees | 480 | - |
| Total resources expended | 42,962 | 26,392 |
| Net (expenditure)/income | (11,996) | 1,532 |
This page does not form part of the statutory financial statements
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