The Manna House Trust formerly at 240 11igh Street Perth PHI 5QJ Receipis & Payments Stalement of BalanLes With Reports & Notes for the Financial Year l February 20?2 to 31 January ?023 The Manna House I rusl is a charity registered in Scotland. Regjistered C"hai-ili, Nuinber SC'O 11998 Trustt'L's
The Manna House Trust Recei ts&Pa ments for the ear ended 31st Januar 2023 2023 2022 RECEIPTS Rental Inc()me receivLd. Loiin madL l() Ihc Triist by a current Truslec. (See nuies} Proceed5 rL'ceiiwed froni sale ol. property. {S¢¢ notes.) Insiirance relund. (See iii)IL'%.) £0.00 £0.00 £0.00 £5,000.00 £170,000.00 £0.00 £4?5.34 £0.00 TOTAL INCOME £170,42.S.34 £5, PayinLnls niadL I SL'L, bill).> 11.3 1)?1.07 £?,334.89 TOI'AL PAYMEN'I'S (STr:F. IIF.L()W) £1.1,921.07 £2,-1.14.89 Nel surplus of income less expendilure £156,-504.27 £2,66, . 202.1 2022 PAIIIITr'Y'I'S MADTr: LxciminL'r's t¢L MLC'asli & Fliinler legial l¢es re. Scile ol. property Prolessional lees re. sale ol. property Bank chargies Anniicil InsiiranLe premium Qi<1S siippli¢d i() pi'¢nii5CS F.ILLlriLity supplied t() primi¥¢8 Locin repaJmenl1See n()les) TOTAL PAYMEIITS £11.00 £0.00 3.353.40 £0.00 £?.256.00 £0.00 £24.00 £0.00 £1,207.80 £C)711.91 £1.58? 00 £1.-301.98 £4Y7.87 £o.uo 15.111111.00 £o.uo £1.1,921.07 £2.134.81) R¢gist¢red Charity ]Yumber SC012998 Page l of3
The Manna House Trust Statement of Balances & Notes to Accounts as at 31st Janua 2023 TATENqF.NT OF IIAL.4NCE. Bank and C#%h in hand 202.1 2022 Opening b6ilanc¢s £5.853.15 £3.188.04 Surplus / delicil for year £156.504.27 £2.665.11 Closing, Balance £162.357.42 £5.853.15 R¢stricted Funds £0.00 £0.00 Remaining balxncc unreytricti.d .11 ¥1 ,J#nuan' £162,3$7.42 £5,853.1S Assets Fleld b). the l¥lann# Ilvuse Tru%1 2023 2022 The Building ai 240 High Sireet. Penh Fixtures & Fillings within ihe above building £0.00 £216.000.00 £0.00 £2.67.3.00 Tot#1 Asyels Held £0.00 £218,67.1.00 LiMbilitie5 of the Manna Hi)u¥e Tru¥¢ 2023 2022 Loan received from a ¢iirrent I'rusiee. Isee nol¢sl £0.00 £5,000.00 Total Liabilities owed £o.uo £.s,000.uo Registered Charity INumber SC012998 Page2 of3
The Manna House Trust .Statement of Balances & Notes to Account5 as al 31st Janua Continued 2023 NOTE¢) Tll ACC()I NTS l. No fees or expenses were paid to any Trusiee. 2. IA)an receiN'ed and suhseouenil). repaid b>. The Manna House Trusi. ()n 24th December 2021 a loan of £5.000 ivas made lo ihe Trust bi an exislinb, Trustee on an intercsl free basis. Th¢ loan was repaid b%, Ihc Trusi on 2h December 2022. l. Pi'u¥¢¢d5 Icc¢iTr'cd froin thc 5a1¢ of PrortY. 'I'he propert) 471 ?40 High Sireel. Perth Has sold on I si Noi'ember 2022 w'hich genLrated ¢IIL5 pri)LL¥d% i)r £170.000. ThLrc w'crc fccs assoLialcd Ni'iih the sale of ihe propert), l()l<illiiigy £S.fi11.411 A% L11 _3181 J<?niian "O?? IhL' h()(Ik i'aluc shi)ii"n in Ihc. account5 was £?16.OUU plus liAlurL's and Iiiiinb)s ol- L),67) makin¥ a ioial ol. £l18.763. 4. InsuriinLL relund. 'i)Ili)wingi ih¢ sale ol'ihL' propenN'. the buildings insurance w'as LancellLd resuliing in a Piirlidl r¢1 uijd vl. tl)¢ <U)nual preiiiium paid in Maj ?0?2 amounling to L4?5.34. Appr(bv¥i beh<ill- l?1 1)gte Registered Chari¢!' Number SC012998 Pag¢ 3 of .1
THE MANNA HOUSE TRUST REGISTERED CHARITY NO. SC012998 TRUSTEES REPORT FOR THE YEAR ENDED 31 JANUARY 2023 The TteeS present thcir rewrt and accounts for the year ended 31 January 2023. The accounts have been prepared using the Receipts & Payments method. The annual income of th¢ Trust is less than £250,000 and there is nothing in the Trusl conslitution thai Staits the accounts must Er prepared on an accrued basis. Siructurey governance and management Th¢ Tnjsl was ¢stablished by a Charitable Trust Deed on 13 Decernr 19119. The Trust's objective5 are to demonstrate the love of God. &s revealed in the Bible, and to encourage and support both financiall> and otherwise evang¢lical and evangelistic project5 of Chp'stian Churches and other Chrislian organisations. Th¢ Trusie¢s who served during the vear were: TteeS serve until resignation. death or remval. When new Iru5tees are sought. they are selected in order to maintain a rang¢ of skills and experience covering the main activxties of the Trust. New trustees are provided with a copy of the deed of Trust, Minut¢5 of the Trust foT the pr¢ceding twelve-month period together with copies of the annual reports and accowlts for the three pr¢ceding years. Trustees are also given a copy of OSLK'S Guidance for Charity Trustees and are infornied of rec¢nl issues relating to charities. The Trustees meet as require& which has been only occasionally over the past twelve months. Decisions at Trustees meetings, when not unanimous are taken by simple majority. The Trustees have assessed the major risks to which the charity is exposed, in particular those related to the operations and finances of th¢ Trusl and ar¢ satisfied that systeD)s and procedures are in place to mitigate their exposure to the major risks. Objectives and Aclivities The objects of the Trusl are to demonstral¢ the Io1*e of God, as rei'ealed in the Bible, and to encourage and support both financially" and otherwise evangelical and evangelistic Projects of Christian Churches and other Christian organisations.
Achievements and Performance For some years. the Trust's main source of income had been the rent received from the lease of the property at 240 High Street, Perth. The most recent lease expired 15 November 2021 and following detailed consideralion of various options the decision was iaken to place the heritable property on the open markei for Sale following the financial year end to 31. January 2022. As a r¢sult of the marketing strategy employed. the property was sold on ISI November 2022 for the sum of £170,000. While this 'aS below the book value included in the account5 for the year to 31, January 2022 of. £218,673 (including fixtures and tillings), within the eontext of difficult high street trading condilions and the number of empty relail properties in Perth city centre, the view taken by th¢ Trusl¢¢s w&s that the price achieved was both fair and reasonable. Financial Review As th¢ property was unoccupied following the expiry of the most r¢c¢nt lease of the building there was no rental income for the year. The loan of £5,000 provided by a current Trustee in the previous financial year, lo help ensure ongoing liquidity, was repaid t"ollowing receipt of the proc¢¢ds from the sale of the property. Income for the year was made up of the sale proceeds of the property of £170,000 togèther with a partial propety insurance rebate of £425 making a total income figure of £170,425. Expenditure for the year came to £13,921 w'hich included property selling ¢xpens¢s of £8,633 and loan repayment of £5,000. The remainder of the expenses related lo cosls &ssoclated with maintaining the property prior to a sale being achieved. As a result of a successful sale of the property cash funds held as at the end of th¢ financial year were £162.357. Plans for the fure Following the sale of the prop¢rty, steps are now being taken with a view to the Trust being wound up. This will be achieved through adopting the winding up process contained within the Trust's constitution and will involve the distribution of funds held by way of grants to organisations which hav¢ ¢haritable status and an evangelical basis. On behalf of the board of Trustees: Dated:
INDF.PEINDENT EXAIIINER'S REPORT ON THE ACCOIINTS OF I'HF: MANIYA HOI'SF. TRI ST C.H.ARITY RF.G1sTITI05 NUMBER SC012998 ON THE ACCOLIYTS OF THE CHARITY FOR THE PERIOD I%1 FF.BRII.4RI' 2021 TO.31%T JAPllARI- 2023 SET OL,T of PAGES I TO 3. Respective responsibilities of Trustees & Examiner. The charit>- s Iruslees are resw)nsibl¢ for ihe prepardlion of ihe accounts in accordance with the lemis of the Charilies and Trusiee Ini'esimeni (Scotland) 7005 Acl and the Charities Accounis I Scoiland) Rebyulations ?006 (as amended). The charitv trustees consider thai the alidit requirement of Regulaiion l 01 I I Id l of ihc Accounls R¥gulativns does not appl J. It is MN responsibiliii to ¢.Karnine lh¢ accounis as required under s¥Lliun 44(1 } (c) of th¢ Act and lo slaie 'hether particular matters hai'e come lo MN. attention. Basis of independent examiner's statement My examination is carried out in accordance 'Ith Regulation I l of ihe 2006 Accounts RegJulalions. An examinalion includes a rel'ie. of Ihe accounlingi records kept by the charity and a cornparison ot.lhc accounts prcscntcd w'ith Ihos¢ records. It also includcs considcrntion of ani. unusual items or disclosures in the accc)unls and se¢ks ¢Kplanalions from the trustees concerning an!. such matters. -l-he proLedures undertaken do not proi'ide all the ewidence tliat ould bL' required In an audit and. consequentli.. I do not expr¢'s5 an audit opinion on lh¢ viem". given bv ihe accounts. lttdependent examiner's statement li) Ihe Lourse o( m}" examination, no malter has comc lo m) alteniion l•tl% which gives me reasonable cause lo E¢lieve that in an), material respecl the requirements= lo k¢cp accounting rLYords in accordance i%'iih section 4411 } (a) of the 2005 Act and Reg)ulaiion 4 of Ihe ?006 Accounts Regulativns. and lo pr¢parL accoiinis which accord u'iih the accounting records and comply wilh Regyulation 9 of the ?006 Aecounts Regulations hai'e nol been met. or to which. in m). opinion. aii¢ntion should be dram'n in order lo enable a proper understanding of ihe accounts to be reached. SigTned.. Name: Dale..
R¢l¢vanl professional qualificalionl51 or body (if any).. Address., **PIva.se delele ilie words iii brackels if iliej, di) n()1 applv. iJihe words do apply, sel Ilioje nifitlerj wliic'li have c'ome lo kviir ullenlioii opi iliefolluwinR pa£e. (Dis¢'10sure secilon.)