Mission in the Economy Charity Accounts

COMPANY REGISTRATION NUMBER: 5136364

CHARITY REGISTRATION NUMBER: 1105830

Mission in the Economy

Company Limited by Guarantee

Unaudited Financial Statements

31 December 2025

Mission in the Economy

Company Limited by Guarantee

Financial Statements

Year ended 31 December 2025

	Page

Trustees' annual report (incorporating the director's report)	1

Independent examiner's report to the trustees	5

Statement of financial activities (including income and expenditure account)	6

Statement of financial position	7

Notes to the financial statements	8

Mission in the Economy

Company Limited by Guarantee

Trustees' Annual Report (Incorporating the Director's Report)

Year ended 31 December 2025

The trustees, who are also the directors for the purposes of company law, present their report and the unaudited financial statements of the charity for the year ended 31 December 2025 .

Chair's report

Ray Pealing - Interim Chair

This year has not been without its challenges, particularly personal challenges amongst the staff and trustees. These challenges have been borne well by those involved but we were all shattered last July when one of our longstanding Trustees, Barbara Ellis, was called to her eternal reward. Barbara brought so much to MitE, both with her bubbly personality and her sympathetic and sensitive decision-making on the Board of Trustees. She will be very sadly missed.

In contrast, we had joy to celebrate winning well-deserved awards during the year. Two of our Chaplains, working within Merseyside Police, were recognised for their outstanding contribution to the aftermath of the tragedy in Southport on 29 July 2024. As an organisation, MitE won the Josephine Butler Award for its Chaplaincy work across the Diocese of Liverpool and beyond. Ironically, the presentation of this latter award was made in the grandeur of the Lady Chapel of Liverpool Cathedral by the Rev Dr Dr Philip Anderson. Fr Philip has since been appointed Rector of Liverpool and the latest recruit to our Board of Trustees. We congratulate him on both appointments and look forward to working closely with him long into the future.

Liverpool's economic story continues to evolve, shaped by shifting employment patterns, rising living costs, and the ongoing need for compassionate support for those navigating work, unemployment, and financial insecurity. MitE's role-bringing chaplaincy, listening, advocacy, and practical guidance into workplaces and community settings-has never been more relevant.

The Board has continued to provide strong oversight, ensuring that MitE remains financially responsible, mission focused, and strategically grounded. I am grateful for the dedication of trustees who bring wisdom, experience, and a deep commitment to the wellbeing of the people we serve.

As we look to the coming year, MitE will continue to:

- Strengthen its chaplaincy presence across the Merseyside Region workplaces.

- Build partnerships that enhance wellbeing.

- Ensure that its work remains rooted in compassion, dignity, and hope.

- Continue to re-shape its organisational model to better align with modern charity law.

The challenges facing our communities are real, but so too is our commitment to walk alongside people in their working lives-offering support, solidarity, and a reminder that every person matters.

I am deeply proud of what Mission in the Economy has achieved this year. In a time of uncertainty, MitE has remained a steady, compassionate presence across the region's economic landscape. I extend my enormous thanks to our staff and volunteers, whose work is the lifeblood of this organisation. Their compassion, professionalism, and resilience have shaped every achievement we have made.

Together, we continue to affirm the value of every individual and to bring hope into the places where people live and work.

Ray Pealing

Interim Chair

Reference and administrative details

Registered charity name	Mission in the Economy

Charity registration number	1105830

Company registration number	5136364

Principal office and registered	Liverpool Parish Church
office	Old Churchyard
	Chapel Street
	Liverpool
	L2 8TZ

The trustees

	Mr R Pealing
	Mrs J Keefe
	Rev Dr M Threlfall-Holmes
	Rev Dr P Anderson	(Appointed 29 January 2026)
	Rev Dr R J Reid
	Mr SJV Eardley

Mrs B Ellis (Passed away in post 14 July 2025)

Rev Dr P Anderson (Appointed 29 January 2026)

Company secretary	Mrs L Hutcheon

Independent examiner	G Mattocks FCA
	18 Mulberry Avenue
	Turnstone Business Park
	Widnes
	Cheshire
	WA8 0WN

Structure, governance and management

The company was incorporated on the 24th May 2004 and registered as a charity on the 10th September 2004. The company began operating from 1st January 2005 and took over the assets, liabilities and engagements of the Mission in the Economy, an unincorporated Trust, charity number 509749.

The company is limited by guarantee and is governed by its memorandum and articles.

None of the Directors has any beneficial interest in the company. All of the Directors are members of the company and guarantee to contribute £1 in the event of a winding up.

Mission in the Economy has not taken out Indemnity Insurance for Directors.

The Directors were originally appointed by the leaders of the Anglican Church, Roman Catholic Church and the Free Churches in the area bounded by the Churches Together in the Merseyside Region. The Co-ordinator who is responsible for the day to day activities, and Administrator are appointed by and accountable to the Directors.

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

Objectives and activities

The principal activity of the company is the furtherance of the mission of the Christian Church within the economy and principally in the economy in the North West of England.

PUBLIC BENEFIT

The Directors have paid due regard to the Charity Commission's guidance on public benefit in deciding the activities undertaken by the Charity in the year. The Directors are satisfied that the information provided in the report and accounts meets the public benefit reporting requirements.

Achievements and performance

As we look back on 2025, we do so with real gratitude and a fresh sense of purpose. It's been a year of steady growth and meaningful impact across the communities we serve. Mission in the Economy has continued to deepen its presence in the economic life of our region, supporting individuals, businesses, and organisations through our practical, grounded ministry.

Chaplaincy remains at the heart of everything we do. Our chaplains have shown remarkable dedication, professionalism, and compassion, often in complex and demanding situations. The time, care, and energy they give so generously make a genuine difference to many lives. The standard of their work has been exceptional, and their faithful presence in our communities continues to reflect hope, integrity, and service in action.

We want to say a heartfelt thank you to our funders and ecumenical partners. Your financial support, encouragement, and shared commitment make this work possible. We truly value our ongoing relationships and the way we work together. It's through this partnership that we are able to bring meaningful engagement into the heart of economic life.

We are also deeply grateful to our Trustees for their continued support and commitment. Your guidance, wisdom, and dedication help keep Mission in the Economy focused, responsible, and moving forward. Your contribution plays a vital role in our stability and development.

This year has also brought sadness with the loss of our beloved Barbara. Though small in stature, she had an enormous presence within Mission in the Economy. Her warmth, determination, and firm belief in the importance of our work left a lasting mark on us all. She is greatly missed, and her legacy continues to encourage and inspire us.

As we move into the year ahead, we do so strengthened by the relationships that sustain us and by the shared belief that this work truly matters. Thank you to everyone who has supported and walked alongside us in 2025. Your partnership and commitment enable Mission in the Economy to keep serving faithfully in the year to come.

Laura Hutcheon

Executive Director

February 2026

Financial review

During the year, net incoming resources were £3,524 (2024: net outgoing resources £11,600). Unrestricted reserves at 31 December 2025 stand at £111,559 (2024: £108035).

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 months 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. Surplus funds are placed on deposit with COIF or the Central Board of Finance of the Church of England.

Plans for future periods

MitE plans to:

* Explore new opportunities for chaplaincy around the region.

* Develop training resources for new and existing workplace chaplains.

* Continue to grow existing chaplaincy projects and events.

Financial instruments

Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Small company provisions

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.

The trustees' annual report was approved on 23 April 2026 and signed on behalf of the board of trustees by:

R Pealing Trustee

Mission in the Economy

Company Limited by Guarantee

Independent Examiner's Report to the Trustees of Mission in the Economy

Year ended 31 December 2025

I report to the trustees on my examination of the financial statements of Mission in the Economy ('the charity') for the year ended 31 December 2025.

Responsibilities and basis of report

The trustees are also the directors of the company for the purposes of company law are responsible for the preparation of the financial statements. The trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed. I am qualified to undertake the examination by being a qualified member of 'Accounting body'. Independent examiner's statement

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

1. accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act; or

2. the financial statements do not accord with those records; or

3. the financial statements do not comply with the accounting requirements of section 396 of the 2006 Act 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; or

4. the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).

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.

G Mattocks FCA Independent Examiner

18 Mulberry Avenue Turnstone Business Park Widnes Cheshire WA8 0WN

23 April 2026

Mission in the Economy

Company Limited by Guarantee

Statement of Financial Activities

(including income and expenditure account)

Year ended 31 December 2025

	2025		2024
	Unrestricted funds	Total funds	Total funds
Note	£	£	£

Income and endowments

Donations and legacies	5	137,925	137,925	123,679
Investment income	6	1,887	1,887	2,070
		---------	---------	---------
Total income		139,812	139,812	125,749
		---------	---------	---------

Expenditure

Expenditure on charitable activities	7,8	136,288	136,288	137,349
		---------	---------	---------
Total expenditure		136,288	136,288	137,349
		---------	---------	---------

	---------	---------	---------
Net income/(expenditure) and net movement in funds	3,524	3,524	( 11,600)
	---------	---------	---------

Reconciliation of funds

Total funds brought forward	108,035	108,035	119,635
	---------	---------	---------
Total funds carried forward	111,559	111,559	108,035
	---------	---------	---------

The statement of financial activities includes all gains and losses recognised in the year.

All income and expenditure derive from continuing activities.

Mission in the Economy

Company Limited by Guarantee

Statement of Financial Position

31 December 2025

	2025		2024
Note	£	£	£

Current assets

Debtors	14	6,641	200
Investments	15	45,000	45,000
Cash at bank and in hand		60,976	64,444
		---------	---------
		112,617	109,644

Creditors: amounts falling due within one year	16	1,058		1,609
		---------		---------
Net current assets			111,559	108,035
			---------	---------
Total assets less current liabilities			111,559	108,035
			---------	---------
Net assets			111,559	108,035
			---------	---------

Funds of the charity

Unrestricted funds		111,559	108,035
		---------	---------
Total charity funds	18	111,559	108,035
		---------	---------

For the year ending 31 December 2025 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- 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 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

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

These financial statements were approved by the board of trustees and authorised for issue on 23 April 2026 , and are signed on behalf of the board by:

R Pealing Trustee

Mission in the Economy

Company Limited by Guarantee

Notes to the Financial Statements

Year ended 31 December 2025

1. General information

The charity is a public benefit entity and a private company limited by guarantee, registered in England and Wales and a registered charity in England and Wales. The address of the registered office is Liverpool Parish Church, Old Churchyard, Chapel Street, Liverpool, L2 8TZ.

2. Statement of compliance

These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the 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) (Charities SORP (FRS 102)) and the Companies Act 2006.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

There are no material uncertainties about the charity's ability to continue.

Disclosure exemptions

The entity satisfies the criteria of being a qualifying entity as defined in FRS 102. As such, advantage has been taken of the following disclosure exemptions available under paragraph 1.12 of FRS 102: (a) No cash flow statement has been presented for the company.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Fund accounting

Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes. Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment. Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes: restricted income funds or endowment funds.

Incoming resources

All incoming resources are included in the statement of financial activities when entitlement has passed to the charity; it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income: - income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably. - legacy income is recognised when receipt is probable and entitlement is established. - income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers. - income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted.

Resources expended

Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates: - expenditure on raising funds includes the costs of all fundraising activities, events, non-charitable trading activities, and the sale of donated goods. - expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities. - other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities.

All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis.

Tangible assets

All fixed assets are initially recorded at cost.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

	Fixtures and fittings	-	20% reducing balance

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the charity are assigned to those units .

Financial instruments

Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Hedge accounting

Hedge accounting is used where the hedging relationship is designated, documented and expected to be highly effective, and is only used for specific risks, as defined by FRS 102 section 12.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as an expense in the period in which it arises.

4. Limited by guarantee

The Company is limited by guarantee of members and does not have a share capital. The liability of members is limited to £1.

5. Donations and legacies

Unrestricted Funds	Total Funds 2025	Unrestricted Funds	Total Funds 2024
£	£	£	£

Donations

	Donations and gifts	–	–	183	183

Grants

Anglican Diocese	35,000	35,000	35,000	35,000
Roman Catholic Archdiocese	19,000	19,000	14,255	14,255
URC Mersey Synod	7,000	7,000	7,000	7,000
Methodist District	5,000	5,000	5,000	5,000
Liverpool Airport	15,300	15,300	14,866	14,866
Warrington Borough Council	3,500	3,500	3,000	3,000
Merseyside Police	25,625	25,625	25,375	25,375
YMCA	20,000	20,000	19,000	19,000
Josephine Butler Award	7,500	7,500	–	–
	---------	---------	---------	---------
	137,925	137,925	123,679	123,679
	---------	---------	---------	---------

6. Investment income

	Unrestricted Funds	Total Funds 2025	Unrestricted Funds	Total Funds 2024
	£	£	£	£
Other interest receivable	1,887	1,887	2,070	2,070
	-------	-------	-------	-------

7. Expenditure on charitable activities by fund type

	Unrestricted Funds	Total Funds 2025	Unrestricted Funds	Total Funds 2024
	£	£	£	£
Direct charitable activities	134,943	134,943	135,574	135,574
Support costs	1,345	1,345	1,775	1,775
	---------	---------	---------	---------
	136,288	136,288	137,349	137,349
	---------	---------	---------	---------

8. Expenditure on charitable activities by activity type

	Activities undertaken directly	Support costs	Total funds 2025	Total fund 2024
	£	£	£	£
Direct charitable activities	134,943	–	134,943	135,574
Governance costs	–	1,345	1,345	1,775
	---------	-------	---------	---------
	134,943	1,345	136,288	137,349
	---------	-------	---------	---------

9. Analysis of support costs

	Analysis of support costs activity 1	Total 2025	Total 2024
	£	£	£
Governance costs	1,087	1,087	1,775
	-------	-------	-------

10. Independent examination fees

	2025	2024
	£	£

Fees payable to the independent examiner for:

Independent examination of the financial statements	660	660
	----	----

11. Staff costs

The total staff costs and employee benefits for the reporting period are analysed as follows:

	2025	2024
	£	£
Wages and salaries	47,885	48,173
Social security costs	2,081	3,325
Employer contributions to pension plans	1,948	1,841
	--------	--------
	51,914	53,339
	--------	--------

The average head count of employees during the year was 7 (2024: 7 ). The average number of full-time equivalent employees during the year is analysed as follows:

	2025	2024
	No.	No.
Number of staff	7	7
	----	----

No employee received employee benefits of more than £60,000 during the year (2024: Nil).

12. Trustee remuneration and expenses

- no remuneration or other benefits from employment with the charity or a related entity were received by the trustees

13. Tangible fixed assets

	Fixtures and fittings	Total
	£	£
Cost
At 1 January 2025 and 31 December 2025	2,503	2,503
	-------	-------
Depreciation
At 1 January 2025 and 31 December 2025	2,503	2,503
	-------	-------
Carrying amount
At 31 December 2025	–	–
	-------	-------
At 31 December 2024	–	–
	-------	-------

14. Debtors

	2025	2024
	£	£
Trade debtors	6,500	–
Prepayments and accrued income	141	200
	-------	----
	6,641	200
	-------	----

15. Investments

	2025	2024
	£	£
Other investments - COIF charity funds	45,000	45,000
	--------	--------

16. Creditors: amounts falling due within one year

	2025	2024
	£	£
Accruals and deferred income	1,058	1,200
Other creditors - pension	–	409
	-------	-------
	1,058	1,609
	-------	-------

17. Pensions and other post retirement benefits

Defined contribution plans

The amount recognised in income or expenditure as an expense in relation to defined contribution plans was £ 1,948 (2024: £ 1,841 ).

18. Analysis of charitable funds

Unrestricted funds

	At 1 January 2025	Income	Expenditure	At 31 December 2025
	£	£	£	£
General funds	108,035	139,812	(136,288)	111,559
	---------	---------	---------	---------

	At 1 January 2024	Income	Expenditure	At 31 December 2024
	£	£	£	£
General funds	119,635	125,749	(137,349)	108,035
	---------	---------	---------	---------

19. Analysis of net assets between funds

	Unrestricted Funds	Total Funds 2025
	£	£
Current assets	112,617	112,617
Creditors less than 1 year	(1,058)	(1,058)
	---------	---------
Net assets	111,559	111,559
	---------	---------

	Unrestricted Funds	Total Funds 2024
	£	£
Current assets	109,644	109,644
Creditors less than 1 year	(1,609)	(1,609)
	---------	---------
Net assets	108,035	108,035
	---------	---------