Company registration number 00465431 (England and Wales)
Charity registration number 223627 (England and Wales)
The Liverpool District Missionary Trustee Company (Incorporated)
Annual report and unaudited financial statements
For the year ended 30 September 2025
The Liverpool District Missionary Trustee Company (Incorporated)
Legal and administrative infromation
Trustees
Mr R G Beecham
Ms B Black
Ms A C Buchanan
Ms L N Gabriel
Mr B Naylor
Ms C M Shipton
Mr P M Waldron
Country of incorporation
United Kingdom
00465431
(England and Wales)
Charity registration
England and Wales
223627
Registered office
DJH Liverpool Limited
Pacific Chambers
11-13 Victoria Street
Liverpool
Merseyside
L2 5QQ
Accountants
DJH Liverpool Limited
Pacific Chambers
11-13 Victoria Street
Liverpool
L2 5QQ
Bankers
CAF Bank
25 Kings Hill
Kings Hill
West Mailing
ME19 4TA
Investment advisors
Evelyn Partners
Royal Liver Building
Pier Head
Liverpool
L3 1NY
The Liverpool District Missionary Trustee Company (Incorporated)
Contents
Page
Trustees report
1 - 2
Accountants' report
3
Statement of financial activities
4
Balance sheet
5
Notes to the financial statements
6 - 11
The Liverpool District Missionary Trustee Company (Incorporated)
Trustees report (including directors' report)
For the year ended 30 September 2025
- 1 -

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's governing document, the Companies Act 2006, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities SORP "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)".

Objectives and activities

Objectives and aims

The charity's objects are to act as trustee, manager and nominee holder of assets for charitable institutions arrangement having been established for custody of investments with outside primary custodians. The committee fulfills the same role as Trustees.

The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.

Financial review

Income for the year tota l led £3,1 66 (202 4: £3,1 98) relating to donations, fees receivable and bank interest received.

The expenditure incurred by the charity in accordance with its aims amounted to £3,179 (202 4: £3,0 60).

This has resulted in a deficit for the year of £13 (202 4: surplus £138) leaving unrestricted funds carried forward of £9,0 57.

The Committee of Management has not adopted a formal policy regarding a discrete level of reserves but retains sufficient funds to meet ongoing working capital requirements.

The Committee have assessed the major risks to which the charity is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks.

Reserves policy

It is the policy of the charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three and six month’s expenditure. The trustees consider that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the charity’s current activities while consideration is given to ways in which additional funds may be raised. This level of reserves has been maintained throughout the year.

Structure, governance and management

Governing document

The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

The company was established under a Memorandum of Association dated 7 March 1949 (amended 14 January 1966), which established the objects and powers of the company and nis governed by its Articles of Association.

The Liverpool District Missionary Trustee Company (Incorporated)
Trustees report (including directors' report) (continued)
For the year ended 30 September 2025
- 2 -
Mr R G Beecham
Ms B Black
Ms A C Buchanan
Ms L N Gabriel
Mr B Naylor
Ms C M Shipton
Mr P M Waldron
Mr R F E Banyard
(Resigned 13 November 2025)
Recruitment and appointment of trustees

The members of the Committee of Management are also its Directors and Trustees. Members are elected by Annual General Meetings of the members of the charitable company, with casual vacancies being filled, as required, by the committee of management in accordance with the company's Articles of Association.

The trustees r eport was approved by the Board of Trustees.

Mr P M Waldron
Trustee
31 March 2026
The Liverpool District Missionary Trustee Company (Incorporated)
Chartered accountants' report to the trustees on the preparation of the unaudited statutory financial statements of the liverpool district missionary trustee company (incorporated) for the year ended 30 September 2025
- 3 -

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of The Liverpool District Missionary Trustee Company (Incorporated) for the year ended 30 September 2025, which comprise the statement of financial activities and the related notes from the charity’s accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com/regulation.

This report is made to the charity's trustees, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of The Liverpool District Missionary Trustee Company (Incorporated) and state those matters that we have agreed to state to the charity's trustees, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than The Liverpool District Missionary Trustee Company (Incorporated) and the charity's trustees as a body, for our work or for this report.

It is your duty to ensure that The Liverpool District Missionary Trustee Company (Incorporated) has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and deficit of The Liverpool District Missionary Trustee Company (Incorporated). You consider that The Liverpool District Missionary Trustee Company (Incorporated) is exempt from the statutory audit requirement for the year, and is not required to obtain an independent examiner's report.

We have not been instructed to carry out an audit or a review of the financial statements of The Liverpool District Missionary Trustee Company (Incorporated). For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory f inancial statements.

DJH Liverpool Limited
Chartered Accountants
Pacific Chambers
11-13 Victoria Street
Liverpool
L2 5QQ
31 March 2026
The Liverpool District Missionary Trustee Company (Incorporated)
Statement of financial activities
Including income and expenditure account
For the year ended 30 September 2025
- 4 -
Unrestricted
Unrestricted
funds
funds
2025
2024
Notes
£
£
Income from:
Donations and legacies
2
3,000
3,000
Investments
3
166
199
Total income
3,166
3,199
Expenditure on:
Charitable activities
4
3,179
3,061
Total expenditure
3,179
3,061
Net income/(expenditure) and movement in funds
(13)
138
Reconciliation of funds:
Fund balances at 1 October 2024
9,070
8,932
Fund balances at 30 September 2025
9,057
9,070

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

The Liverpool District Missionary Trustee Company (Incorporated)
Balance sheet
As at 30 September 2025
30 September 2025
- 5 -
2025
2024
Notes
£
£
£
£
Current assets
Investments
8
3,000
3,000
Cash at bank and in hand
9,056
9,070
12,056
12,070
Creditors: amounts falling due within one year
9
(2,999)
(3,000)
Net current assets
9,057
9,070
The funds of the charity
Unrestricted funds
10
9,057
9,070
9,057
9,070

The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 30 September 2025.

The trustees acknowledge their responsibilities for

(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and

(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of the financial year and of its surplus or deficit for each financial year in accordance with the requirements of Section 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the trustees on 31 March 2026
Mr P M Waldron
Trustee
The Liverpool District Missionary Trustee Company (Incorporated)
Notes to the financial statements
For the year ended 30 September 2025
- 6 -
1
Accounting policies
Charity information

Liverpool District Missionary Trustee Company (Incorporated) is a private company limited by guarantee and has no share capital. Members have guaranteed the liabilities of the charity to the extent of £1 each in the event of the charity being wound up. The registered office is DJH Liverpool Limited, Pacific Chambers, 11-13 Victoria Street, Liverpool, Merseyside, L2 5QQ.

1.1
Basis of preparation

The financial statements have been prepared in accordance with the charity's governing document, the Companies Act 2006, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities SORP "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)". The charity is a Public Benefit Entity as defined by FRS 102.

The charity has taken advantage of the provisions in the SORP for charities not to prepare a statement of cash flows.

The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Charitable funds

Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.

Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

Endowment funds are subject to specific conditions by donors that the capital must be maintained by the charity.
1.4
Income
Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

The Liverpool District Missionary Trustee Company (Incorporated)
Notes to the financial statements (continued)
For the year ended 30 September 2025
1
Accounting policies
(Continued)
- 7 -
1.5
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.

Charitable expenditure

Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its

beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature

necessary to support them. Support costs are allocated across the activities on the basis of expenditure incurred for each of the activities.

Governance costs

These represent costs associated with meeting the constitutional and statutory requirements of the charity and include the accounts fees and costs linked to the strategic management of the charity.

1.6
Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value

1.7
Financial instruments

The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

The Liverpool District Missionary Trustee Company (Incorporated)
Notes to the financial statements (continued)
For the year ended 30 September 2025
1
Accounting policies
(Continued)
- 8 -
Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The charity's cash and cash equivalents, trade and other receivables due with the operating cycle fall into this category of financial instruments.

Impairment of financial assets

Financial assets are assessed for indicators of impairment at each reporting date.

Financial assets are impaired when events, subsequent to their initial recognition, indicate the estimated future cash flows derived from the financial asset(s) have been adversely impacted. The impairment loss will be the difference between the current carrying value amount and the present value of the future cash flows at the asset(s) original effective interest rate.

If there is a favourable change in relation to the events surrounding the impairment loss then the impairment can be reviewed for possible reversal.

The reversal will not cause the current carrying amount to exceed the original carrying amount had the impairment not been recognised. The impairment reversal is recognised in the surplus or deficit.

Basic financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the charity after the deduction of its liabilities.

Basic financial instruments, which include trade and other payable are initially measured at their transaction price after transaction costs. When this constitute a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities.

Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

Derecognition of financial assets

Financial assets are derecognised when their contractual right to future cash flows expire, or are settled, or when the charity transfers the asset and substantially all of the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the charity will continue to recognise the value of the portion of the risks and rewards retained.

Derecognition of financial liabilities

Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.

The Liverpool District Missionary Trustee Company (Incorporated)
Notes to the financial statements (continued)
For the year ended 30 September 2025
- 9 -
2
Income from donations and legacies
Unrestricted
Unrestricted
funds
funds
2025
2024
£
£
Donations and gifts
3,000
3,000
3
Income from investments
Unrestricted
Unrestricted
funds
funds
2025
2024
£
£
Deposit account interest
166
199
4
Expenditure on charitable activities
Unrestricted funds
Unrestricted funds
2025
2024
£
£
Direct costs
Bank charges
179
61
Accountancy and legal fees
3,000
3,000
3,179
3,061
Analysis by fund
Unrestricted funds
3,179
3,061
5
Trustees

None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year, nor for the year ended 30 September 2024.

The Liverpool District Missionary Trustee Company (Incorporated)
Notes to the financial statements (continued)
For the year ended 30 September 2025
- 10 -
6
Employees

The average monthly number of employees during the year was:

2025
2024
Number
Number
Total
0
0
There were no employees whose annual remuneration was more than £60,000.
7
Taxation

The charity is exempt from tax ation on its activities because all its income is applied for charitable purposes.

8
Current asset investments
2025
2024
£
£
Loans to subsidiaries
3,000
3,000
9
Creditors: amounts falling due within one year
2025
2024
£
£
Accruals and deferred income
2,999
3,000
10
Unrestricted funds

The unrestricted funds of the charity compri se the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be use d. The se include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.

At 1 October 2024
Incoming resources
Resources expended
At 30 September 2025
£
£
£
£
General funds
9,070
3,166
(3,179)
9,057
Previous year:
At 1 October 2023
Incoming resources
Resources expended
At 30 September 2024
£
£
£
£
General funds
8,932
3,199
(3,061)
9,070
The Liverpool District Missionary Trustee Company (Incorporated)
Notes to the financial statements (continued)
For the year ended 30 September 2025
- 11 -
11
Related party transactions

The following trustees; Leslie Gabriel, Philip Waldron and Beryl Black are also trustees of Merseyside and District Missionary Association. included within donations is £3,000 (2024: £3,000) from Merseyside and District Missionary Association. £3,000 (2024: £3,000) is outstanding at the year end from MDMA and is included within debtors.

There were no other related party transactions during the year current of previous year.

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