Docusign Envelope ID: E93A3864-F56E-4A94-8CBC-32C9934EB545
Independent examiner's report on the accounts
Section A Independent Examiner’s Report Report to the trustees Charity Name The Maybury Centre Trust On accounts for the year 31 March 2024 Charity no 1031779 ended (if any) Set out on pages (remember to include the page numbers of additional sheets) I report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the year ended 31/03/2024. Responsibilities and As the charity's trustees, you are responsible for the preparation of the basis of report accounts in accordance with the requirements of the Charities Act 2011 (“the Act”).
I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent I have completed my examination. I confirm that no material matters have examiner's statement come to my attention in connection with the examination which gives me cause to believe that in, any material respect:
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the accounting records were not kept in accordance with section 130 of the Charities Act; or
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the accounts did not accord with the accounting records; or
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the accounts did not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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.
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.
Signed: | ~~Mulcamma Haider~~ Name: Muhammad Husnain Haider FCCA, ACA Relevant professional ACCA, ACA qualification(s) or body (if any): Address: 86-90 Paul Street, London, EC2A 4NE
Date: 31/01/2025 ~~|~~
1
Oct 2018
IER
Docusign Envelope ID: E93A3864-F56E-4A94-8CBC-32C9934EB545
Section B Disclosure
Only complete if the examiner needs to highlight material matters of concern (see CC32, Independent examination of charity accounts: directions and guidance for examiners).
Give here brief details of any items that the examiner wishes to disclose .
2
Oct 2018
IER
The Maybury Centre Trust - Financial Statements for the year ended 31 March 2024
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Unrestricted fund Restricted fund Total funds 2023-24 Total funds 2022-23
£ £ £ £
INCOME:
Space hire 106,974 - 106,974 112,858
Grant - WBC 4,486 - 4,486 21,599
Interest 708 - 708 204
- - - -
HMRC JRS grant
Liaise grants - - - 11,571
TOTAL INCOME 112,167 - 112,167 146,231
ADMINISTRATIVE EXPENDITURE:
Staff costs 41,893 - 41,893 76,067
Communications 2,516 - 2,516 3,538
Office costs 7,885 - 7,885 9,208
OPERATING EXPENDITURE
Building costs 1,634 - 1,634 2,206
Utilities 3,211 - 3,211 16,902
Insurance 963 - 963 1,085
Cleaning 1,841 - 1,841 2,039
FINANCIAL SERVICES EXPENDITURE:
Accounting - - - 463
Bank charges 55 - 55 72
Liaise costs - - - 1,750
TOTAL EXPENDITURE 59,998 - 59,998 113,151
(Deficit) / Surplus for the year 52,169 - 52,169 33,080
Fund balance brought forward at 1st April 44,437 27,300 71,737 38,657
Fund balance carried forward at 31st March 96,606 27,300 123,906 71,737
31 March 2024 31 March 2023
£ £
Current assets:
Cash at bank and in hand 123,906 71,737
Net Assets 123,906 71,737
Funds (Note 4):
Unrestricted fund 96,606 44,437
Restricted fund 27,300 27,300
Net Assets 123,906 71,737
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Notes to the Financial Statements
1. Accounting Policies
The accounts have been prepared under the historical cost convention and in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities.
Income and expenditure are recognised when funds are received or paid. Expenditure has been classified under headings that aggregate all costs 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.
Restricted funds are funds that may only be used for particular purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
2. Trustees Remuneration
There was no trustees' remuneration, expenses, or other benefits paid for the year ended 31 March 2024 (2023 — none).
3. Employees' Remuneration
Total employee remuneration for the year, including pension contributions, amounted to £41,893 (2023 - £76,067).
The average number of paid staff during the year was 4 (2023 - 6).
No employee earned over £60,000 in the year to 31 March 2024 (2023 - none).
4. Movements in funds
| Total funds Unrestricted fund: General fund Restricted fund: Liaise |
At 1 April 2023 Net movement in funds At 31 March 2024 £ £ £ 44,437 52,169 96,606 27,300 - 27,300 71,737 52,169 123,906 |
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