toryary registerpd No. 03211081 Clwk¥ Re8i5trat40Tr No. lffJ7537 Gauntlet Auto Projert Limited (A company limited by guarantee) Trustee's Report and Financial Statements For the year ended 30 June 2024
GMIlet Auto PraiertUnMiYd thx to the stateents For thE yearen0 30 lunE 2024 Pa8e5 Legal and Administration InfDrmatFDn Trustep's Report Statement Df Finala1 Actiwitie5 Balance Sheet Notes tothe finanaal Statefflerts 7-12 lftdopendert Examiner's Rèp3rt Schedu* A
Gauntkt AutD Pfofrtt LimEted LOBZI Adnthnknatlon Informatkni Trustee5 P Drinkwater R lursons MIDfox Secretary MrDFox ftowtered AddrE55 Unit S Park Farrn Wood lane A35e¥ Camb5 PE26 IXA Chafity Rer2d hlumber 1057537 CDmparrw ReEistwEd NumLEr 032110B3 indEP2ndent Exarnir*r Andrew Fran JDB Chartered Certified knDUDtai)ts loa Hi&h Street aTkpt Deeping PE68E8 anler5 hlational Westminster Bank PLC 18 Street. Ma C3mbs PEIS 8TN PaBe I
Gomntlet Auto Pro Lllnlted Trnstee's Awrt Foi the ye3ren&d 30 Iwie 2024 The tlU5tee5 pres1 their report and the unaudite41 for the year entled 30 June 2024. The mpaThy is a rÈ8t¥iered ch3rity incorporated 35 a comp3n¥ Ilm$ted by guaE3ntee OD. 12th Jurte 1996 and iegsstered a5 a charity on 13 August 1996 [registered nutnbET 1057537). The a55ets and actTrYtse5 of the f Dmpany were taken over from the voluntary Drgani53tion IDTmerly known 33 the Gaunttet MDtDrcycle Projert the date of incurporation. Oryanisati In tulfilling Fts ObjettS. the rhartyaims to wo¥•de supeThised motorcycle riding and rartin& ancilkry tscilitie5 anfl traini tOWher with ad£fJtion31 rerreational and SrtIng cti¥itie&. The thaiity Dpaates from t¥ rented unit5 With 3 part time super4isDr. re¥KJnsibJe fDr the thy to day fin3nDal management of the company. The oryns'atkon 15 dEndert Dll volunlary helpÈY5. The lUnteer b35e is steadywrth 51¥ iegular adult volunteer5 each week. and *(wr young peop. Tmlunteers are belng Sought. The mana%emEnt ccTrmmiitee FrRets' monthlv. The membors Df the Akanagemeht corniiiittEe during the yeèrwere a5 lollow5.' Mark HOnn C'hairman Wayne Arlyo Vice ChaIna Teresa Homan ProjettAdmlnistrator (part lin empl(wee) Da¥MI Fox Directtsr l Trustee and CDmpany Secret3ry Richard Cut50nS D5rectDr l Trustee Paul DriTrkwater Clirector l Trustse The tTU51Ees who served the charity duTil¥ the lear were as foJk•Th5: ttra¥KI Fox Richard Cur543n5 Pa1 Drinkwater Page 2
Gaurtlpt Auto prott LlmftEd Trnst2e'5 Report For the ypar erdlid ¥J Jkme 2024 maKennt The Trustee5 have gAamined thE rThajor st1&1£. busine55 and operational risks which the tharty faces anLI confirm that 5YStems have been es%ablished tv enable regular rewrts to Ix prr>duced aThd regular meetlngs are }d 50 that the nece55ary 5tEps can be tsken to redu these risk5. PublSc Benefit The Trustees ljwe relerred to guidance conEaind in the Chèrity Ctrmmi55th'5 infDllThati Dn publhc befiefrt when reV4EW1 the chaftrfs aimsand Dbiectives arKI in planni luture activitia. We have c[KPIled with duty in Sertton 4 of the Cha¥iiie5.Act 21106 tD due regard to tht5 Euidance. Gauntlet Auto PIDject LÈmitRd was established tÈ3 PfDvide relief and preventsrn of sulle.ring to peDpk in Cambre5hire who k¥e sppcial needs tau5Ed by 50(i3l arKI ecDnomK circum5taKRs.' Re¥tew of DeYelLynents. Artl¥ltie4 Athle¥ell ard Fln3nre5 We have focused to keep towh wolh our reguljr visitor¥ c£bntacisvDlunteers of which we continue to appredate thEir ongoinB SU aKI interp5t in the proiett. Continuin8 io present a pDstl¥ im¥ of PEoplp ID the outside wr1d whith in turn can help retn[02 t ojects tknce in cornmunlty. We h3ve imtkmenied further improvEments to the Site, Continui to b4ke mechaniE5 tzainlDg SeIDn5 for tlwè w3ung PPDple fr(Fm Olice Aradamies 310n8e thiftking about future plans &. fuThdtnE h#eas for the pf c¥ecL These tr3ining sessions alw heFp maintaln thp blkesto a hIr standard. ichard BaTne5 Academ¥ ¢Petrrborough) IKK)ked a weekty Wedfte5thy afternrnn slot lor I Of their young pèrson& Harbour Acadmey of Wilburton also come to tt pro&ett iegularlv. It was the lirst year th15, year we nb2na8ed to support and train 2 students through I weeks work eXpenCe at the project thi5 Year. The Ongoi support from people, bu5ine5S'5 & sd015 1ce agarn thi5 Yea ran go without recourtlon, we aFkpreciate all tIK)se thatha¥e £ontiTrued to trpthe prDje(t. We recelved a few donations throvEhout the year from ffle very KenErDiIS IDcal5. We cxTh continu2 tD DffEr a lot fDr 3 great V31uo. kew.1 session fEP'5 Very competitiwe ft vuung ppople and wun8 orBani5atiDn5. Our web5kte (ww.gauntlet.bixl is iegularly Gpdated which pr(wMJe5 thE public. T•rith inhrmation ab(t the wtpjett èl&JW.I them easy acce55 to vbèw Torth comtn8eKCitir¥ events. We a150 havé a FacetrfJt)k page whKh 15 pfDvins very 5UCCéS5ful in re3(hing Dut to mDre poterEtial attendee5. ThE project ha5 Jrontinued to ma•nt3in thp fackliiles to accommL7daiÈ people with di5abil¢ttes. rme. a di53bled toilet and nurnerDU5 quads and blkes at the projett h?ve now IRen mDdiiEd to cater lor E¥Erybody rmlbng. Page 3
Gauntlet Avtts Lwnfted Trn5tee'5Awrt Fur thve erdid 30 I 2024 The charity needs reseTV25 SQ that we are able to oper£e for up to one year should extEmal rKlint be limvted. This would give the proptt time to seek additlonal fundll or d50 thE project. The Yange of leserS thp charrty ed$ ts enough to ext5t for ODP year after any 5hDrtfall. tts's amount is estimated tD be £20,tPXJ M3Mrn. heVer the Oirettor5do Thot See a time wbtn thRS amotsnt wculd be- rtserye and 50 a more TEaii5tic amount of £12,1]OD ha5 been sel. The Steps the char.iiywTII take to estsblish and maintain resetves atthe abo¥e ayeed level Mll 5pek to ensure th this balance i5 maintsinecl and thal any'variance w411 be nDteé at rnonthly meetings and actiEJllS taken to trjok into why thE reser Ikave gone below the agreed Se¥el with put place to address and rnonitor thi5. The Gauntlrt Auto Project foraSts a¥erage le¥e15 0 iome b35ed or4 preyiothjs years and tskes this into Krount tn the amount Df £12.oryJ re5erues stated above. &ecau5e the projett 15 able ts B?nerate h Small nc(Thne bsr the fees to gf OllPS It k5 able to ensure the £12.rxio cornmitmentto reserves and takes this into accouiit in its lorecasts tgrexpeDdrture In future vears the basis Df ¢>ur plan Dirutor5 will not hold reserve5WithDUtmaki ng atternptsto rèlate the nee for reserées to lattDrs which ensure the Staty of the projett. Sn4711 Comyy Prry¥sions This repTrrt has prepared in accordance with thE small mmpaTrle% re&imE under the Companies Act 24X, On behaf Df Yrnstees MrDFox tompan¥ Secret Page 4
yat JDJuiie 1014 21ll4 35 3Js 335 2nU7 ¢orné fréwrt tsIll¥r% acuvities 22 ,622 S0>92 Ak1¥ei115ki 66A25 112 fA>.745 ry¢wenknce costy 1,416 IA16 iJ54 67J41 67361 62.139 Z3.151 I) Z3M29 Ttattsler of tu5 fund balahce ii I 11)23 69J 1.122 70531 talnLe•t 3a 2a14 92A59 Y3.559 70.531 Thore ae rece41$e4 ialra artd losses Dthèrf thknthosÈ passifig tl1fts the staie¢r*ni Palt 5
Gauntllt Autu Proptt limEted Balaock Sheet •5 at30 lune 2 2021 Slxed aset5 Ton 'ble fixed as5et5 L.ItK) 1,676 rrent assets DebtQ15 (ash at bankand in hand 15999 79N&7 73517 9S.466 78,696 Crodltsts. falthg due wltlln 19WO 92.459 6B.855 93559 70.531 Unrestricted Ae5trirted 92,459 l.ItX> 1.222 935Sg 70,531 The trn5tS CDnsidEr that the chaiity 15 entitled to exemption the requirement to ha¥e an au¢Jit under 5ECtion 47711) of t Companie5 A£t 2& Member5 have nut re4uir2d the charity to obtain an awlit fof the yeai In accordan with 5ectiDn 476{1) Df Companies Att 20Q6. The trnsfees ¥knowledge their respoThsibilty forenSrIn1thatthe tharkty keep5 accountiTrB recordswhfch CDmpty ¥Yith sertion a86 of Companies Act 2(X)6. and for prepan.ng accoiirils whKh give a true andhir view of the 5tat• Dt 3ff3iT5 of the charity a5 at the end Df the finoMiol year and Df its surplus or deirstDr the yeaf in accordance wlth .e requiremetiEs Df 5ettion 394. whith trtherwise compty vrith ihe req uirements ol thE Att relaling to accounts 50 far as applirable to Ihe charity. The aCCDunts have been prepared in accord3nt with the provi5i(Nk5 3pplicabk4. to companie5 subjert to the 5nLall companies regiTne U[er CornpanfrÈ5 Att 2IXI6. A¥& by ofthe fOll¥Tdittee on MwDFox DiieEtsr an& 7rnstse Pa8e 6
Gauntlet AutD Pro Lkn 14iJtes to th2 Fknanual Statomerts thè. year ernled ao Ie 2024 l polldes Th2 partiudar aOuntIng policles are described below. l Ac14AmtlcvTrtx1n The finandal statements fia¥e been prepared undef the historical cost COnVETrts. and in actordance with the Stalernent of Rpcornrnended Prattic•: Accounting and RErting by Ch3fitio prqparing their accounts tn attordaKe vrith Financial Reportingstandar apiCAble in the UK and Republ•c OF Ireland (FRS 102) and the Companies Act 2<JIW. and CharitiesAct 2011. In Ffeporini the accounts: tl trn5tee5 have considered ¥¥hether applying the acrountingpolicies required under Fll5 102 and the Ofrt5 SORP FRS 102 3 re5tatemeTrt Df Lomparative rtoffts was nèeded. Ilo ratEmentS wpie requiMd. b) IA(0ThnI resour(e5 Grts whxh h3w¢ been appell fnr general runnin8.costs are treated as unreSETicted fund5. Thpse Indudp yBnt5 fcr propprty kmpro¥ements whKh are written off agaimt f evenue due to the, short ternh nature of the leases hekl. AH grants and voluntory income are included in the 5taternent of fina1 Arti¥itiES in the VP31 An wthich tl¥ ar? rLrebJable, Èx£ept for mGnies whbLh are for 5pErfK PEriods crossing Ier the ¥ear end. All exp?ndrture 15 accwnted ft)r £ros5 and on an accnK15 b35is. Expenditure s directly attributed to the felLwant heading where PDssibl G(5YernJn CDSt5 4nclude those ciists a550C¢ated wkh meeL6ng the coAgtiiytiwaal and statutory requiretnents of the thanty and lttlude thè audit e25 and costs linked tD the strate£ managemenl of the drity- dl7a ble fixed assRts Fixed assets are iThduded at cost. All fi¥od assets have been cèpitali5ed. Oepre(ialion 15 pfDvided at fates estirnat2d ts wrlte off the ci)st of the assets down to their resklual Yalues t)vertheire5timated USeh •corMiE liwes. The rotes are as 1015DWS" Plant and math inery lotor ¥Ehicles IO% red4KinE balancE basi5 20% feqlurinE balznce basis e) I2tI lesoe5 Rentats p¥pble under operating Seases are dbarged ¥inst incDme on a stTright line basis over the lease term. fj F Funds held byihe chanty art" Unrestrittell general funds- tSe are Sund5 whith can be used in arrorrl8nt ¥iith the charitable oty'ects at the dis(TetiDn OF tbR trustee Page 7
Gauntlrt AutD Pro Linlted tr4rte5 to the Ftnanrial StenrtI For the raar June 2024 Restrictpd Ivrha5 - thEr? are Funds that Gin ofil¥ b2 US for p3rticular restiirted purpcrk5 within the olypct5 Lltthe thatity. Re5tn' Etion5 arise when 5pe(2fie%l ljy the tSonor or whe unds are raised 6or prticular reslrirted PWPDses. Further explanation 15 incluthd the tE5 to the aThnts. 2 IKorne fromQpwat xti¥ities 24 Membership aTrtt 5855iDn *ea5 Coffee bar taki 85.943 4,679 59,47E 7,1102 90.622 65.480 3 ClwltaNe. activitles Unwe5trictod Aestridod Totsl lunts Trta fld5 Fwids 2Q24 CDftee bar PUTcha5es Insurance Wwde5 and salaT•e5 R2nt and rates RepalT5 and maintenanEe MotrJrcyLle oprating CD5ts OtherchaTitable expendiiure Traosport costs fvlisce113n2ous ÈKpeD5PS TraMing costs OEpreciation and sale of as5Pt profits Light and heat Buildi and orterrt5 insuran Printin£ pastage and 5tationEry Tplophone Slmdry expenditure 4.612 478 4.612 478 9.880 9,880 IlJ69 124 12.492 835 18.415 57 57 27.412 27,412 27.1]85 453 1.649 1.852 658 621 339 122 576 1,649 1.852 658 621 339 79D 712 1.206 1.314 537 500 66.126 122 66.548 6Q,785 Page 8
Gauntlet Auto PMi?ct IknFied Note¥ to the FtnanriJl Slaternth5 Fol theyear eThlEd 10 2024 Unrestrlcted Re5tr1ttel Ttrt31 Total f¥ F5 2024 202a trnlependent examiners *eES leEal tees 1.403 13 1.403 1.341 13 1.416 1,416 1.354 Net thcorn4 resowcos 2023 This,15 stated after charging Independeiit examlfter5 fee5 Depfecialion ond proht on Sak of assEts IA03 576 lJ41 790 6 Staff uysts arnl nillnbera 1024 2013 S31arE5 1 nd Wdges ND employee rele emoluments al more than £60.0 per annum Partitulays of empIry. ThE average numbpr of stafF empknyed bythe charEty duTlfig the year was: SupeEvi50rs aryl admintstratlon l)uring the par £21,150 was paid to Chairman M Homan tor tralninB ser¥ices. rnul?os The number of ttU5teÈ5 that sèrved durwg the year w35 3. remunwaiion was paid to ¢he Trustees, dge9
Gauntlpt AutD Proprt Linited Nirte5 Ftnanclal St*mert5 Forthepar 30 Ie 2024 g FiKed a55d5 Plant and mh2 At l July 2023 3D.671 l)i5posa15 At30June 2Q24 30,671 Oepreclatlon At l Juty 2023 Oi5posa15 Char8e forthe year 28.995 576 At 30JuAe 2024 29,571 Net t4)ok at 30June 2024 1,1 5 Oelrtor5 21713 T¥3de debtor5 Prepayment5 and otherdelXor5 LO.714 5.285 471 15.999 5.179 10 Crethor&' AnKwntsfalllnE wtthth orn 2D23 Tradè credrtors Deterred iTrEome Acuua15 1.465 8.298 X,542 1,541 3.007 P4e 10
Gaunllet A4AD Pro1 lknkto Note5 to the FlA[la1 Stemerts FOF the yRar eThJpd 30 Jwe 2024 11 An35 of Mt Jssets I1x assets rt aS5Et5 2021 Restricted fvnds Lottery grant fund YounB Li4Es 0jeCt YOU live5 - Gateway on e1$ 1.100 1,1 1,10 1.100 1,222 92.459 92.459 69.308 I,IoD 92.459 93558 &1,087 12 Ae5trittpd fvTh15 Qppnkng 0Tr5t balante Lottery grart lund YOU li¥Es Projett YOL[ Li¥R5 - Gatew on Wheels 1.222 11221 1.222 11221 The LDttery grant fund was lor the pwchase of 3 quad bikes. Thislund Is being written olf at the 5am2 tate as the a55et rt was used to purdw52. The Youns Lwe5 Project grant Ix Ixen uxed to build 3nd furnish an intemEE coffee bar here young people with a CDmmon iiiterest in motortsè'ke5 can meet and 50cialise and U5P thp computsr equipment to iesearch how to Main1 moforbikes and a platt t revise for key theory tests. It will also ed to promote a safe att¥twletoward5 ridi atsd ¥ehKk crime. The YiJunE L"GateWaY on lknee15" grant ful was for the purchase Df Some quad b. The fund w1 tsewritten off at the same rate as the asset it wa5 U5Ed ts putchase. 13 CMiv*mert5 At 30 June 2024 the charity had aftnual (Dmmitments reEardinE land and bUt1th DI £10,500 {2023: £10.51)OJ undÈr non t3nivJlable erating lease5 which expire bptWEen two aftd five ar5. P¥e 11
GauAtIRI A4rtD ProJp¢l Lmnkled Niite5 to thE StwrtS For theyear ebxled 30 Jwie 2024 14 Comp•Thy Kned by guarantse The cornpany is mIled by 8uoranteE. The PDteThth"al liabifity of the mernber5 IS Set out In MemtyRntlum and Art¥de of As5txiation •nd the relaTht dAu5es is as below: E¥erymembEr Undertakt0 ojntritiute to the a55et5 of the compan¥. in the evefftt of ihe 5a me beg wouThl up wthilE he 15 a mernbEr. of viithin one year aftEr he aSeS be a member, for payrnent oFthe debts liabifrties oFthe company contracted before he ceases to bR a rnembÉr. and of the i05ts. charge5 and expqfi5e5 r* winding up, and IDrthe adju5tmeiit olthe ot the contr11)ut(leS anMJnE thLvll5efve5. 5uth Sum 35 may be requwe(I not Ceed1 Dne FK)UTh. (Mtr No IndIvUal has a CDntrDlling ifiterest irF the Chan. table rompany. P4e 12
indepethts.ExaTranees keport ttsthe teeSl ProJect Llmtted $Dr the ¥Vended lfjlune 2024 I repurt on the financlal #atellts of the Gauntlet Afjrto Project Lirnlted f4Jr the year enO,pd 30 Jwle 2024 which awe. set ofi pages S lo 12. The charlty'5 trugtee5 {who are a150 the direttors of th2 COMnYf0[t purposes of crt>mpany Paw) a RspaTrslble forthe prepaT3tlan Df the accouAts. The trustees f onsider that an audrt IS nty< required for tht5 yw under Settl W2) of the tharrtkes Art 2011 (tfr 2011 Att and that an Indpper4rl£nt exJminatlon needed. l am quilthed toundertske the 3matIOn by belnB a qualied Df the A550clat•on OF rJbartere& Ceftsfied kcountants. Hav1 1]Sfd mysell that the chaNty ks subject toan autht ctympany tsw and Is
le IndewdLMt examlt4tlwt. t 15 myresponslkn'lrt¥ to,. Èxam&fte the axcounts uft41er sectlon 145 o the 211U foFlow the prDcedures Laid in th? ieneTal DlrKtiuThs El¥en ty the Ch?rlty Comm15slon un(kns145ISMbl of ihe 2011 &t and state wtbether part4rular rnatters came to my attent4( My examiatktrn carr OLQ In a£[dan wlth the general DIreCt4 iltspn by th artty CoTr.missknn. An eAamnat•?n mcludes a of acwufttmg records kept by the thJnty and a compaT150n of accounts presented with ttK(5e rerords. tt akso tncludes ionsld2raan o any unusual emS or disc105Ufe5 In Ihp arxrJunt8 seekiOf eWpnabon5 fTom a5 tntstees caerRI an¥ such matter proceéwEs widertaken do Trot Pflyilde allthe ev11eP thatwovld be required In an 3u£lbt, and consequently no opInn is gl¥en as to wknetlw the cOUnts wesent a.t2 and fair vlEw- and the report Is 11mted10 those matter5 set oirt In the statement below. In coniiertiDTr With my 3m1tIOn. no matter has come to attEntn. l} wts'ch gvffts rn? rea50ThalJle cause to tsele th3L in 3vry maieriJl respect, the requLTwnerrts: to keep Pfopef aDnt4n8 records In accorrtance wlth 5ettMJn 386 of the Cumpanles Acr 26. and to prepare accounts wthlch aEcord to the accountln8 fEcord%. (Dmpty wrth the aoUnting re4tsiremzS of the secth)n 396of the CoThpanles Att 21I)6and wlth the Ii*th4)ds iftd prinrwles of the Ststernenl of mecommded Practice: AccDtmtmg and eportln8 by Charltles. not been meL Ot 2] to wlkl'th. Op10. attLtn should be drawn ordèr toenabk a proper uleTtan.ns oFthe accounts to be reathed. Andrew Irance FttA Jijts thwtered Certlflod loa Mlgh Street D2epJn% t68E IJ,
GaMtktAutG knlert ikntted Detaued Iorne £NpentlturE AEuii&it For the ar ended ao June 2fi24 2024 Income Donations Granls rpcelvablt Mernte[P and 5es5ion fees Collet bartakings Irlterest receivable 135 1.997 85.943 4.679 35 59.478 7.(X)2 16 90.992 68.583 amrltable PdI1 Coffee bar purch35e5 1Th5urance 4.612 478 3.299 422 Wages and s?lJries Rent and lates Rep3if5 3nd mamtenanrè Motor(yde oparatin8 costs Other dwrtable expendlture Misl3ne0uS exppnsps Depreciatlon and profit on sale of assets 9.880 11.469 124 11.492 835 2 7,Q8S IE,415 57 27.412 576 (61A29J .Funthaf5kn8 an& publitlty Ad¥ErtfrSil¥ Costs anagement and adrn•nistratlNb Lwt afid at Suildini and contents in5ur3nLe PriW£5 llE p£èE and stationery TElephone lTrdepenrlent exBrniners fees Other leg31 Fees Sundry Expendituve 1.649 1.852 658 621 1.4Q3 1.206 537 1.341 13 502 339 16.535J 15.624F 14et of forthe year 2229 6.444 5chtdule