REGISTERED CHA NUMBER: 282667 REPORT OF THE TRUSTEES AND VNAUDThED FINANUAL STATEMENTS FOR TME YEAR ENDED JIST DECEMBER 2024 FOR MiIL8ERRY MOUSE MINZSTRY TRUST Clemence Hoar Cummlngs Chartered Accountants Rlverslde House 1-5 Como Street Romford Essex RM7 7DN
MEILBERRY HOUSE NTNISTRY TRUST CONTENTS OF THE FINANCIAL sfATEMEwrs FOR THE YEAR ENDED 31ST DECEM8ER 2024 Page Report of thg Trust9¢4 I to 2 Independent Examlner's Report statsment of Fhthnelal Artlvltles Balance Sheet NDte5 to the FIancIal Statements S to 12 Dwtalled Statement of Flnanclal Attlvltles 13 to 14
MULBERRY HOUSE MINISTRY TRusr REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST DECEMBER 2024 The trustees present thelr repert wilh the nnanclal statements of the charity for the year ended 31st December 2024. The trustees have adopted the tKovisions of Accoyntlng and Reportlng by Charities., Statement of Kecommended Practice èppllcable to charitles preparfng thelr ac¢ounts In accordance wlth the Finantial Reportlng Standard &ppllcable In the UK and Republlc of Irelarrfl (FRS 1021 {effecve I January 2019). OBJECTIVES AND AcYIvrrIES Objectivès and atms The obJect of the charlty Is the advancement of the Christian faith. Thls Is achleved by supportlng appropriate projects and by maklng funds avallable to other Chrllan mlnlstrles. FINANCIAL RRVXEW Reserves pollcy The Charity doesn't hold Its own reserves as the trustees have committed to rneet shortklls in monthly cashflow requlrements from thelr own personal funds by making additiDnal donatlons tts cover the arltles ongolng activities. In addltion to this adjustments to staffing have been made over thé year to help reduce the ongoing operatlwlg costs. STRUCTURE, GOVERNAMCE AND MANAGEMENT Governing docutnent Mulberry House Mlnlstry House 5s oovomed by Its constitutlon dated 30th March 1981, It Is regIsted as a ch4rity wlth the Charily Comrnlssion. In the event of the charily being wound up. all of the Fnembers agree to contribute £1. Re¢r41itm¢nt and appolntment of new tnistees The board of trustees cortsist of R George, A J George, S J George, and H Ashworth of the d)arlty and hlstorically there have been ng other appolntments of addltlonal tr(thes ShoLtld the current twstees consider that additiorlal skills Bre requlred at board level, they will approach sultable pÈrsons wlth a eW to appolnting thetn as trustees. OrgBnlsJtlonal structur0 The tmstees ère jolntly responsible for the overall administratlon of the charity. Day to day adminlstration is delegated to appropriate persons. Xnductlan and traJnln9 of now trustees If and when additlonal trustees are appointed to the board. the txisting trustees will provide them with an appropriate Indurtlgn and tralning package. This will Indude prev5ous accounts of the charity and btsard minutes and well as copies of Charity Comm5sslon guldance on the lutles of trustees. R¢lHted partles MLtlberry F8cilitie5 Lfmlted Is a company whose d1Ctors durfng the year Included R J George and A J George. It owns certain freehold property that was used by the charlry to conduct its charitable actyvlties. REFERENCE AND ADMZNisfRATIVE DETAILS R4gister•d Charfty numbr 282667 Principal address Mulberry HoLt5e Chelmsford Road Hlgh Ongar E55ex CM5 9NL Trnstees R George Ireslgrjed 24.8.24) A J Georye S J Georye Aghworth Page I
MULBERRY HOUSE MINISTRY TRUSY REPORT OF THE TRUSYEES FOR THEYEAR ENDED 31ST DECENBER 2024 REFERENCE AND ADMINISTRATIVE DETAILS Znd¢p0ndant Examiner Lee Blund¢n FCCA CTA Clemence Hoar Cummings Ch8rtered Aceountsnts Riverside House 1-5 Como Street Romford Essex RM7 7DN Soli¢ltors Cooke Matheson 8 Grays Inn Square Gray'5 Inn Londo WCIR 5JQ Barclay5 Bank PLC 20 The Town Enfield Mlddlesex EN2 6LY Approved by order of the board of trustees o by.. and sigrted orn Its behalf S J George - TrLStee Page 2
INDEPENDeNT EXAMINEII'S REPORT TO THE TRUSTEES OF MVLBERRY HOUSE MINISTRYTRUST Independettt èxaminee$ report ta the trusteès of Mulberry House Minlstry Trust K ptsrt to the charity trSteeS my examlnatlon of the èccounts of Mulberry House MinistrJy Trust (the Trust) for the year ended 31st December 2024. Respohslbiliti•$ and basls of report As the charfty trustees of the Trusl you are responsible for the prèparation of ihe acctsunts In accordance wlth the requlrements of the Charitles Art 2011 {'the Att'l. I report in $pert of my examination of the Trusvs att¢unts cariied out under Sertlon 145 of the Att and in carying out my exatninatioTr I have followed all appllcable Directions given by the Charity Commlsslon under Section 145(5){bl of the Ad. Independent examiner's statémtnt I hFJve cumpleted my examlnatlon, I confirm that materlal matters have come to my bttentlon In conrnectlork wlth the examlnatlon givlng me cause to believe that Sn any materfal respect,. ttounting e0rdS were not kept in respert of the Trust as required by Section 130 of the Act. or the accounts do not accord wlth those records; or the accounts d¢ not Comply with the applSrable requlrernents concerning the form and GorEtent of accounts set out in the Charitles (Accounts and Reports) Regulations 2008 other than any requireTnellt that the account5 glve a trye and falr view which Is not a matter consldered as part of an Independent examination. I have no torKerns and have come across no other matters in connertlon with the examinatlon to whlch attentlon should be drawn In thls report in order to enable a Proper vnderstandlng of the a¢vunts t¢ be reached. Lee 8lund8n FCCA cfA aementr Hoar Cumffling5 CharterEd Acc(iuntants Rlverside House 1-5 Como Street Romford Essex RM7 7ON Date.. f Jon¢ lozs Pag6 3
MULBERRY HOUSE MINISTRY TRUST STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST DECEMBER 2024 2024 Totr41 fund* 2023 Total fvnds Llnrestrlrted funds Restrlcted fund Notes INCOME AND ENDOWMENTS FROM Charitable actlvitles 114,916 114,916 174,513 Other tradin9 actlvltieg 3,406 3,406 3,695 Total 118,322 118,322 178,208 EXPENDITURE ON Ralslng funds 50.173 50,173 51,520 Charltahlq actlvltles Semlnars & Events 69.249 69,249 80,109 Total 119N22 It9,422 131,629 NEf INcof•lEI(EXPENDITUkE} (I,ioo) (I,ioo) 46,S79 Re¢oNCILIATION OF FUNDS Total funds brought forward (391,215) (391,215) (437,794} TOTAL FIJNDS CARRIED FORWARD (392.315) {392.315) 1391,215) The notes form part of these financial statements Page 4
MULBERRY HOUSE MINISTrY TRusr BALANCE SMEET 31ST DECEMBER 2024 21124 Total funds 2023 Total funds Unrestricted Restricted funds fund Notes FIXED ASSETS Tanglble assets 153,667 153,667 154,227 CURRENT Assyrs Stocks Debtors Cash at bank and In hand 12 13 9,890 3,456 54835 9,890 3M56 52,835 11,330 53,137 2,732 6fj,181 66.181 67,199 CREDITORS Amounts falllng due wlihln one year 14 {OL¥163) {612,163) (612,6411 Ngf CURRENT ASSETSI(LIABILITIES) {545,982) (545.982) (S45,4421 TOTAL ASSETS LESS CURRENT LXABILITXES (392,315) (392,315) 1391,215} NET ASSETS/{LIABILITIES) (392,315) (392,315) (391.215) FUNDS Unrestritted 15 (391315) {391,2151 TOTAL FUNDS (392.315) {391,215} The flnancial statements were apprDved by the 8oard of Trustee5 and authorfsed for Issue on QR.I..Q6,A2ol¥.-.......,..... and were slgned on its behalf by-. S J George - Trustee The notes foym part of these finandol ststements page 5
MULBERRY HOUSE MINISYRY TRUST NOTES TO THÈ FINANCIAL sfATEMENTS FOR TPIE YEAR ENDED 31ST DECEMBER 2024 A¢COUNTIP4G POLICIES Basis of preparlng thtt finan¢lal st&tements The financial statements of the charity, which is a publlc benefit entity under FRS 102, have been prepared In accordan£e with Ihe Charftles SORP (FRS 102) 'Accountlng and RePOrtin9 by Charities.. statement gf kecommÈnded Pracu¢e applicable to charits.es preparlng thelr accounts In ateordancè with the Flnancial Reportlng Standard applicable In the UK and Republlc of Ireland {FRS 1021 {effe£tive l January 2019}'. Fin6nclal Reportln9 Standard 102 'Th¢ Flnandal Reportlng Standard applicable in the UK and Republlc of Ireland, and the Charlties Act 2011. The financial statements havè been prepared under the hlstorical cost convention. The financlal statèments have been prépared on a 9olng conrn basis. Thls assumes that the charity will contlnue forthe foseeable futu. The valldlty of thls assumptlon depends on Ihe contlnued flnandal support of the trustéés and creditoff. If the chadty were unable to contlnue, adjustments would hav¢ to be made to reduce the balance sheet valuos of assets to their recoverable amounts, to provlde tor any further Ilablllties that mlght adse and to reclasslfy ffxed assets as current assets. Long rerm liabilltle5 would also have to b¢ redassSfied as current liablliues. The trustees believe that It is appropriate for the financlal statements to be prepared on the golng
ncem ba51s. Xncome I Income is recogrised In the Statement of Financlal Artlvities On the charlty ha5 entleMent to the funds, 1¢ Is probable that the income will be recelved and the amount be measured reliably. For legacles, entitlement Is taken as tt)e earlSer of the date on which elther.. the company is aware th3t probable has beern granted. the estate has been flnallsed and notification has been made by tl executor(s) to the Trust that a distribution will ae made, or when a dlstribution is recelved from an estate. Recelpt of a legacyi In wholé or in part, Is only considered probable whèn the amount can be measur¢d rellably and thÈ Company has been notified of the Èxecutorfs intention to make a distributlon. Where legacie5 have been notlfled to the Companyi or the Cornpany Is aware of the 9rantlng of probate, and the crltèria for income rewgnltion have not been met. then tl)e legacy Is treated as a contlngent asset and dls¢losed if material. Donations are credlted to the Statement of Flnanclal Attivitses (SOFA) l# the year in which they are receivablE. For ¢ondltion41 doTratlDns, where a clawback provtslDn Is In place should the eveat donated to not take place. these donatlons are recognlsed On the event h05 tèk¢n place. Expendltu Liabllliles a recognlsed as expenditure a5 sopn as there is a le9al or constrticrive obllgauoa commltting the charfty to that expendItre. it Is probable that i transfer of èconomlc beneflts will be required in settlement and the amount of the obligatlDn can be measur¢d rellably. Fxpenditure is accounted for on an accruals basis aftd h35 been classified under headings that aggregète all cost related to the category. Where $t$ cannot be directly attrIbted to particular headln9S they have been allocated to attivllles on a basls conslstent with the use of sOurceS. Tangibl4 flxed ass¢ts Depreclailon Is provlded at the following annual fates In order to write off eath asset over its estlm¥ted usefvl Ilfe. Freehold property Flx¢ures and fittlngs 2.5% on cost 25% on reduclng balance stocks stocks are valued at the lower of cost and net reallsable value. arter maklng du2 allowan for obsolete and slow movlng Items. Page 6 contlnued...
MVLBERRY HOIJSE MINISTRY TRUST NOTES ro THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31ST DECEMBER 2024 RAISING FUNL)S other tradln9 actlvltles 2024 2023 Op¢nlng stock Closlng Stock prtnting P05ts9e blications cost 11,330 (9,890) X7,485 8,828 22.42Cty 12,958 (11,3301 17.230 8,552 24.110 50,173 $1,520 CMARXTABLE ACTIVITIES COSTS Support costs (see note 61 Semlnars & Events 69,249 SUPPORT cosrs Informatlon tethnology Management nan SemSnars & Events 63,160 325 1,596 Human resources Governance costs Deprpciatlon Totals S¢mlnar5 & Events 1.948 560 1,660 09.Z49 Support costs, Sn¢luded In the above, are as follow5- 2024 2023 Semlnars & Events activltles Wages Social Security Pensions Dlroct Costs Insuran Aifvert151n9 Subscrlptlons Rates and water kepair5 Bnd renewals Sundrle5 Computer running costs Travel DepreciatlDn of tangible fiyed assets Independent ÈKam1n¢rs fees 52.487 781 974 7.SS6 1,342 20 325 643 556 397 1.923 25 560 1,660 S6.303 2.280 1,716 7,727 1,428 1,141 256 3,124 1,063 1,017 1,571 106 627 1,750 69,249 80,109 Page B continued...
MULBERRY HOUSE MINisfRY TKVST NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31ST DECEMBER 2024 ACCOUNTING POLICIES- ¢ontlnuad Taxatlo As a charity, Mulbèrry House Mlr)Istry Trusl Is exempt from tax on income and galns falling wlthln sectlon 505 of the Taxes Art 1988 or s256 of the Taxatlon ¢f Charg¢able Gains Act 1992 to the extent that these are applied to Its tharltable oblerts. Fund accountlng Unrestrlrted fund5 can be used in aceordaTrce wlth thè ¢harltable objectfves at the d[S¢r¢0 of the trustees. Deslgnated Funds are Un$ttted funds 'Hng fenced, by the trustses ft)r partlcular purpose5. Restrtrted funds can only be used for pèrtleular restrlcteis purposes wlthin the objects of the charity. Restrfctions arfse when spe¢lfled by the donor or when funds are ralsed ft)r partlcular restricted purposes. Further explanatl¢n of the nature and purpose of each fund Is Included Ill the notes to the flnancial statements. Hlre pur¢has¢ and leaslng ¢ommitm•nts Rentals pald under operatlng leases are charged to the Staiement of Flnanclal Act("vities on a straight line basis over the pedod of the lease. Pen$lon costs and other postrvetlrement benorrts The tharity operates a deflned ¢ontrlbutiort pension scheme. Contributions payable to the charity's pension schétttÉ are charged to the Ststement of Financial Artlvitie5 in ihe period to which they relate. CHARITABLE AcnvrriES 2024 2023 Donatlons Glft aTd Legacies 101,515 8.748 4.fj53 118,487 6,526 49.500 114,916 174,513 OTHER TRADING ACTJvfrxES 2024 2023 Sales of goods 3A06 3,695 Paoe 7 Continued...
MULBERRY HOUSE MINISTRY TRUST NOTES TO TPIE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31ST DECEMBER 2024 OTHER 2024 2023 Support costs 69,249 80,109 TRVSTEES. REMUNERATION AND BENEFXTS There were no trustees. remuneration w other beneflts for the year ended 31st Dember 2024 nor for the year ended 31st December 2023. Trustres. expenses There were tto trustees, expensés pald for the year ended 31st Dècember 2024 nor for the year ended 31st Decernber 2023. STAFF COSTS The average monthly number of eTnployees durlng the year was as foll0WS.' 2024 2023 Average number of èmployees No employees received emoluments lrt excess of £60,000. 10. COMPAIiATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted Restrirted fvnds fund Total funds ENCOME AND ENDOWMENTS FROM Charitable artlvitl¢s 174,513 174,513 Other tradTr act(vitl¢s 3,695 3,695 Totsl 178,208 178.208 EXPENDifuRE ON Ra1sing fvnds 51,520 51,520 Charktable athvities Seminars & Events 80,109 80,109 Total 131.629 131,629 NET INCOME 46,579 46,579 RECONCIUATION OF FUNDS Total funds brought forward (437,7941 (437,794) TOTAL FUNDS CARRIED FORWARD (391,215) (391,2151 Page 9 contlntsed...
MULBERRY HOUSE MINISTRY TRUST NOTES TO THE FINANCIAL STATEMENTS- cont¢nued FOR THE YEAR ENDED 31ST DECEMBER 2024 11. TANGiaLE FIXED ASSETS Fixtures and flttlngs Fhold propèty Totals COST At Lst January 2024 and 31st December 2024 40,140 231.792 271,932 DEPRECEATION At 1st January 2024 Charye for year 31,588 357 36,117 203 117,705 560 At 21st Dernber 2024 31,945 86,320 118.265 NET BOOK VALUE At 31st December 2024 8,195 145,472 53,667 At 31st December 2023 8,552 145,675 154,227 i srocKS 2024 2023 stocks 9,890 11,330 13. DE8TORS: AMOLINTS FALLING DUE wfTHIN ONE YEAR 2024 2023 Other debtors VAT ppaymentS and accwed rncome 49,500 232 3,405 329 3,127 3,4S6 53,137 14. CREDITORS: AMOUNTS FALLING DUE WITHIN OMÈ YEAR 2024 2023 Tra¢Je creditors Taxatlon and soclal serytrfty Other Credltors 1.693 310 610,160 2,133 448 610,060 612,163 612,641 IS. MOVEMENT IN FUNDS Net movement In funds At 31.12.24 At 1.1.24 Unrestrirted futtd$ General fund (391,215) (1,100) (392,315) TOTAL FUNDS (391.215} {J,XOO) (392,315} Page 10 continL¢8d.,,
MULBERRY HOUSE MINISTRY YKusr NOTES TO THE FINANCIAL STATEMENTS- Continued FOR THÉ YEAR ENDED 31ST DECEMBER 2024 IS. MOVÈMENT IN FUNDS- contiJ%ued Net movement In funds, Indvded In th¢ above are as follows.. Incomlng r¥ources Resources expend¢d Mov¢ment funds Unrestrirted fun¢ls General nd IA8,322 (119,42ZI {I,ioo) TOTAL FUNDS 118,322 (119.422) (I,ioo) ¢¢4mparati¥es for movoment l# funds Net movement in funds At 1.1.23 31.12.23 Unrèstrirt•d funds General fund 1437.794) 46,579 (391,215) TOTAL FVNDS {437,794} 46,579 1391.215) Cgmparative net Movement In funds, Induded In the above are as follows.. Incomlng Resources resources expended Movement funds Unrestrlrted funds General fund 178,208 (131,6291 46,579 TOTAL FUNDS 178,208 1131,6291 46,579 A current year 12 mijnths and prlor year 12 months Comblned posltlon Is ès follows- Net movement In funds At 31.12.24 At 1.1.23 Unrestritted funds General fund 1437,7941 45,479 {392,315) TOTAL FUNOS {437,794) 45.479 (392,315) Page 11 contlnued..
MULBERRY HOUSE MINISTRY TRUST NOTES TO THE FINANCIAL STATEMENTS- COnned FOR THE YEAR ENDED 31ST DECEMBER 2024 I& MOVEME14T IN FUNDS- Continued A currÈnt year 12 months and prl¥r year 12 months comblned net movement In funds, included In the above are as follows., Incornlng resour Résources expende Movement In ft5nds Unresirrcted funds General fund 296,530 (251,051) 45,479 TOTAL FUNDS 296,530 (251.051) 45,479 16. RELATED PARTY DISCLOSURES Dvrlng the yèar the charity received dtsnatlons totalllng £25,769 (2023 £43,966) from Its trustees. At year end the charity owed £608,510 to trv5tees (2023 £608,510), Mulberry FlItIeS Llmlted Is a company whose dlrettors durlng the year Induded R J George, A J George and S J George. It owns certaln freehold property that was used by the charlty to Condutt ts tharltable activitles. Page 12
MULBERRY HOUSE MINJsfRY TRUST DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 315T DECEMBER 2024 2024 2023 INCONE AND ENDOWMENYS Charftable activltles Donatlons Gift aid Legacies 101.515 8,748 4,653 l18,487 6,526 49,500 114,916 174,513 Other trading actlrfitles 5aks of goods 3,406 3,695 Totsl Incomlng resour¢es 118,322 178.208 EXPENDITURE othar tradlng artlvities Opening Stock Printing postage Publications cost a051ng sto¢k 11,330 17,485 8,B28 22,420 (9,890) 12,958 17,230 8,552 24,LlO (11,330) 50,173 51,520 Support co$ts Managemont Wa9es Social securlty PenslQnS Direct Costs Insurance Advertlslng 51487 781 974 7,556 1,342 20 56,303 2.280 1,716 7,727 1,428 1.141 63.160 70.595 Flnarnce Subscrlptlons 325 256 lTrfomiatlon t¢¢hnology Rat&s and water Repair5 and rEnewals Sundrles 643 556 397 3,124 1,063 1,017 1,596 5.204 resourc8S compuler runnlng costs Travel 1,923 25 1,571 106 1,948 1,677 Depreciation Freehold property Carried lotW8rd 357 3S7 357 357 This page does not form part of thÈ gtatutory finanaal Statements Page 13
MULBERRY HOUSÉ MINISTRY TRUST DETAILED STATEMENY OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST DECEMBER 2024 2024 2023 Deprerlatlon Brought forward Flxtures and flttlng5 3S7 203 357 270 560 627 Govèmance costs Indepèndent examlners fees 1.660 1,750 Total resour$ expended 119,42Z 131,629 Net {expenditurel/lncomo (I,ioo) 46,579 Th1$ page does not fDmi part of the statutory financlal sratements Pège 14