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 G￿MIlet Auto PraiertUnMiYd thx to the state￿ents For thE yearen0￿ 30 lunE 2024 Pa8e5 Legal and Administration InfDrmatFDn Trustep's Report Statement Df Fina￿la1 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 A3￿5e¥ Camb5 PE26 IXA Chafity R￿￿er2d 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 pres￿1 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 Objett￿S. the rhartyaims to wo¥•de supeThised motorcycle riding and rartin& ancilkry tscilitie5 anfl traini￿ tOWher with ad£fJtion31 rerreational and S￿rtIng 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 dE￿ndert 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 HOn￿n C'hairman Wayne Arlyo Vice ChaIn￿a 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 Pa￿1 Drinkwater Page 2 Gaurtlpt Auto pro￿tt LlmftEd Trnst2e'5 Report For the ypar erdlid ¥J Jkme 2024 m￿aKen￿nt The Trustee5 have gAamined thE rThajor st￿1￿&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 conEain*d in the Chèrity Ctrmmi55th'5 infDllThati Dn publhc befiefrt when reV4EW1￿ the chaftrfs aimsand Dbiectives arKI in planni￿ luture activitia. We have c[K￿PIled 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 Cambr*e5hire 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 w￿r1d whith in turn can help retn[0￿2 t ojects tknce in cornmunlty. We h3ve imtkmenied further improvEments to the Site, Continui￿ to b4ke mechaniE5 tzainlDg Se￿IDn5 for tlwè w3ung PPDple fr(Fm Olice Aradamies 310n8￿e thiftking about future plans &. fuThdtnE h#eas for the pf c¥ecL These tr3ining sessions alw heFp maintaln thp blkesto a hI￿r 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 eXpe￿nCe at the project thi5 Year. The Ongoi￿ support from people, bu5ine5S'5 & sd￿015 1￿ce agarn thi5 Yea ran go without recourtlon, we aFkpreciate all tIK)se thatha¥e £ontiTrued to tr￿pthe 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 mDdi*iEd to cater lor E¥Erybody rmlbng. Page 3 Gauntlet Avtts ￿ Lwnfted Trn5tee'5Awrt Fur th*ve￿ 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 d￿50￿ thE project. The Yange of leser￿S thp charrty ￿ed$ ts enough to ext5t for ODP year after any 5hDrtfall. tts's amount is estimated tD be £20,tPXJ M3￿M￿rn. h￿*eVer 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 for￿aSts a¥erage le¥e15 0* i￿ome 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 Sta￿ty 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 ts￿Ill¥r% acuvities 22 ,622 S0>92 Ak1¥ei115ki 66A25 112 fA>.745 ry¢we*nknce costy 1,416 IA16 iJ54 67J41 67361 62.139 Z3.151 I￿) Z3M29 Ttattsler of tu￿5 fund balahce ii I 11)23 69J 1.122 70531 tal*nLe•t 3a 2a14 92A59 Y3.559 70.531 Thore ae rece4￿1$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 trn5t*S 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 forenS￿rIn1thatthe 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 de*irst*Dr 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 I￿e 2024 l polldes Th2 partiudar a￿OuntIng policles are described below. l Ac14Amt￿lc￿v￿Trtx1n The finandal statements fia¥e been prepared undef the historical cost COnVETrts￿. and in actordance with the Stalernent of Rpcornrnended Prattic•: Accounting and RE￿rting by Ch3fitio prqparing their accounts tn attordaKe vrith Financial Reportingstandar ap￿iCAble in the UK and Republ•c OF Ireland (FRS 102) and the Companies Act 2mpany 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 ￿3m￿atIOn by belnB a qual*ied Df the A550clat•on OF rJbartere& Ceftsfied kcountants. Hav1￿ ￿1]Sf*d 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 exam*iatktrn 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 ionsld2ra*an o* any unusual ￿emS or disc105Ufe5 In Ihp arxrJunt8 seeki￿Of eWpnabon5 fTom a5 tntstees ca￿erRI￿ an¥ such matter* proceéwEs widertaken do Trot Pflyilde allthe ev11e￿P thatwovld be required In an 3u£lbt, and consequently no opIn￿n is gl¥en as to wknetlw the ￿cOUnts wesent a.t￿2 and fair vlEw- and the report Is 11m￿ted10 those matter5 set oirt In the statement below. In coniiertiDTr With my ￿3m1￿￿tIOn. no matter has come to attEnt￿n. l} wts'ch gvffts rn? rea50ThalJle cause to tsel￿e th3L in 3vry maieriJl respect, the requLTwnerrts: to keep Pfopef a￿D￿nt4n8 records In accorrtance wlth 5ettMJn 386 of the Cumpanles Acr 2￿6. and to prepare accounts wthlch aEcord to the accountln8 fEcord%. (Dmpty wrth the a￿oUnting re4tsirem￿zS of the secth)n 396of the CoThpanles Att 21I)6and wlth the Ii*th4)ds iftd prinrwles of the Ststernenl of mecomm￿ded Practice: AccDtmtmg and eportln8 by Charltles. not been meL Ot 2] to wlkl'th. Op￿10￿. attL￿t￿n should be drawn ￿ ordèr toenabk a proper u￿leT￿tan￿.ns oFthe accounts to be reathed. Andrew Irance FttA Jijts thwtered Certlflod loa Mlgh Street D2epJn% t68E IJ, GaMtktAutG knlert ikntted Detaued I￿orne £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 ￿P￿dI1￿￿ 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 Mis￿l3ne0uS 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 22￿29 6.444 5chtdule