Mustard Seed Property is raising funds for the purchase of a small development which will be leased to its partner, Karrek Community CIC, to enable 9 adults with learning disabilities to receive support and care and increase their participation in the local community.
Business founded
CBS registered in 2007
Headquarters
Launceston, Cornwall
What they do
Mustard Seed Property is a charitable organisation seeking to extend the inclusivity of Cornwall to the lives of the most isolated members of the community, and has been making available homes or workplaces for the socially vulnerable. Read more
Financial performance
MSP was established in 2007. Since then the Society has consistently paid members every year, and a recent increase in share interest payment has been made possible through renegotiating an early end to a 10 year fixed rate mortgage.
First interest payment
July 2019
Forecast return
4.5% interest per year
Social performance
Acquisition of a new property to be refurbished and leased to Karrek Community CIC to support an estimated nine people with learning disabilities in St Austell.
Key social performance indicator
9
vulnerable individuals in supportive accommodation
Governance and people
Liz James
Director
Paul Ashton
Director
Mike Lowe
Director
Daniel Brewer
Director
Who benefits
Mustard Seed Property (MSP) was set up in 2007 in direct response to a call from people in their sixties and seventies who were trying to plan for a future for their autistic adult children, who were still living at home. MSP raised £300,000 from a few dozen people, a charitable trust and a bank, bought an old bed and breakfast and changed the lives of five families
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