THE MEA TRUST
(A charitable company limited by guarantee)
REPORT AND UNAUDITED FINANCIAL STATEMENTS
31 MARCH 2025
Registered companv number OJ72157i
Registered charit), number 1074895
Armstrong Watson
Chartered Accountants
Newcastle upon T)'ne

THE MEA TRUST
REPORT AND FINANCIAL STATEMENTS
31 MARCH 2025
CONTENTS
Page
Ito4
Rewjrt of the trustees
Inde￿ndent examiner's reFK)rt
Statement of financial activities
{Including income and expenditure account)
Balance sheet
8t014
Notes to the financial statements

THE MEA TRUST
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2025
REFERENCE AND ADMINISTRATIVE DETAILS
Charity number: 1074895
Company number: Oi72157i
Trustees
Mr W McKay
Mr S T Gilroy
Mr J Lane
Mr M I Spriggs, Chair
Cllr T Cairns
Mr S D Bowett
Secretary
Mis5 K Sweeney
Registered office
Independent examiner
One Strawberry Lane
Strawberry Lane
Newcastl¢ upon Tyne
NEI 4BX
MrDRGold
Amistrong Watson LLP
One Strawberry Lan¢
Newcastle UFK)n Tyne
NEI 4BX
Managing agent
Naylors Gavin Black LLP
One Strawkrry Lan¢
Newcastle upon Tyne
NEI 4BX

THE MEA TRUST
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2025
The trustees are pleased to present their report together with the unaudited financial statements of the
charity for the year ended J l March 20?5 which are also prepared to meet the requirements for a directors"
rewrt and financial statements for Companies Act PUT￿$es.
The financial statements comply wilh ihe Charilies Act 2011, the Companies Aci 2006, the Memorandum
and Articles of Association and Accounting and Reporting by Charities: Statement of Recommended
Practice applicable to charities preparing the accounts in accordance with the Financial Reporting
Standard applicable in the UK and Republic of Ireland (FRS 102).
Structure* governance and management
The MEA Trust is a company limited by guarantee and is governed by its Memorandum and Articles of
Association (r¢vis¢d 28 kptember 2000, li June 2011, 2 May 2012 and 18 Septemkr 2018). It is a
Charity registered with ihe Charity Commission.
The full Trust Board meets at least twice in any one year and there is a subcommittee for Finance and
Risk Management. The Annual General Meeting usually takes place in December.
The Trust currently has 6 trustees (The Memordndum states the Board will consist of at least 5 and not
more than 15 individuals).
New trustees are appoint¢d by th¢ Trust Board with careful consideration to mainlaining a wide range of
relevant professional expertise on the Board to cover financial. legal and property matters. The trustees
may at any time CL￿pt any person dul), qualified to be appointed as a trustee to fill a vacancy or as an
additional trustee: but a co-opted trustee holds office onl), until the next AGM. The chairman is elected
and his or her period of office is deterniined by the trustees.
The induction and training of trustees is dealt with according to indiTridual need and is co-ordinated by
the chairtnan. Usually, trustees have prior professionavcharity knowledge and experience.
Naylors Gavin Black LLP had responsibility for the overall management of MEA House and all relevant
regulatorv compliance. They also have responsibility lor corporate and company secretarial support and
compliance.
Risk management
The trustees have examined the major strategic. business and operational risks which the charity faces
and confirm that system5 have been established to enable regular reports to be produced so that the
necessary steps can be taken to both lessen these risks and take advantage of ke}, opportunities.
Key documents were reviewed at least annually.- e.g. the full risk assessment report; tenant payment
schedule and Trust inve5ttnents and reserves; the health and safety policy Statement and flre risk
assessment (including the fire evacuation strdiegy).
Objectives and activities
The Trust has general charitable objectives with the wjwer to let property to other charities at a rent less
than the commercial rents in the market place.
MEA House was built to achieve the aim of providing charities with good quality accommodation in one
centre with rents below the market level. The building provided approximately 27,000 square feet of
office space which ￿'aS let to a wide range of charities of varying siz¢ which supported local people of all
ages.

THE MEA TRUST
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2025
The trustees confinn that they have been given the general guidance produced by the Charity Commission
on public benefit and are confident that this was achieved through the letting to charities and the hire of
the meeting rooms to the voluntary sector.
Achievements and perforniance
Following the reluctant decision to sell MEA House as previously reported, the sale was completed on
31 July 2024, the building having been vacated by all tenants.
On 26 November 2024. after taking legal advice and undertaking an exercise to evaluale a number of
options. the trustees resolved to dissolve the Trust and to transfer the remaining assets after provision has
been made for all liabilities by Th'ay of Deed of Gift dated J l March 2025 to The Rothley Trust, an
unincorporated charity.. registered number 219849. Steps are now being taken to c105e The MEA Trust
charity.
Financial review
Until the sale of MEA House, the principal funding sources comprised rents and service charges. This
rentsl income and th¢ related MEA House running and refurbishmenl costs are shown in the statement of
financial activities.
Following the sale ol the building, the trustees resolved to dissolve the Trust and transfer the remaining
assets to The Rothley Trust. Th¢ gift is shown as a donation in the statement of financial activities on
page 6.
Reserves policy
The trustees had established a policy to maintain unrestricted funds not invested in fixed assets or
designated for specific purposes (the free reserves) at an appropriate level to cover any gap that may arise
between rental income and expenditure.
Going concern
The financial statements have been prepared on a basis other than that of the going concern basis
following the sale of MEA House and the decision taken by the trustees to dissolve the Trust and transfer
the remaining assets to The Rothl¢y Trust.
Investment powersg policy and performance
Under the Memorandum and Articles of Association, the charity has unrestricted ￿Wer to invest funds
in any manner after obtaining advice from a financial expert and having regard to the suitability of
investments and the need lor diversification.
The listed investments were sold in the year and held as cash pending the decision to dissolve the Trust
and transfer th¢ remaining assets.

THE MEA TRUST
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2025
Statement of trustees, responsibilities in relation to the financial statements
The trustees {who are also directors of The MEA Trust for the purposes of company law) are responsible
for preparing the report of the trustees and the financial staiements in accordance with applicable law and
United Kingdom Accounting Standards (United Kingdom Gene￿IlY Accepted Accounling Practice).
Company law requires the trustees to prepare flnancial statements for each flnancial j'ear which give a
true and fair view of the state of affairs of the charitable company and of the incoming resources and
application of resources. including the income and expenditure, of the charitable companv for that period.
In preparing these financial statements, the trustees are required to:
select suitable accounting policies and ihen apply them consislently;
observe the mdhods and principles in the Charlties SORP;
make judgements and estimates that are reasonable and prudent.
state whether applicable UK Accounting Standards have ken followed, subject to any material
departures disclosed and explained in the financial statements.
prepare the financial statements on ihe going concern basis unless il is inappropriate to presume
that the charitable company will continue in operation.
The trustees are responsible for keeping adequate accounting records that disclose with reasonable
accuracy at an), time the financial position of the charitable compan>, and enable them to ensure that the
financial statements comply with the Companies Act 2006. The). are also resp)nsible for safeguarding
the assets of the charitable company and hence lor taking reasonable steps for the prevention and detection
of fraud and other irregularities.
Small company provisions
This report has been prepared in accordance with the special provisions for small companies, under Part
15 of the Companies Aci 2006.
On behalf of the trustees
MIS
ri
M I Spriggs (De
4, 202
OGMTI
Mr M I Spriggs
Chairn]an
14 Nov¢mkr 2025

INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF THE MEA TRUST
I report to the charity trustees on my examination of the accounts of the company for the year ended 31
March 2025, which are set out on pages 6 to 14.
Responsibilities and basis of report
As the charity's trustees of the company (and also its directors for the pun)oses of company law) you a
responsible for the preparation of the accounts in accordance with the requirements of the Companies Act
2006 ('the Act 2006,).
Having satisfied myself that the accounts of the company are not required to k audited under Part 16 of the
2006 Act and ar¢ eligible for indepKndenl examination. I report in respecl of my examinalion of your
charity's accounts as carried out under section 145 of the Charities Act 2011 (the "201 l Act,). In carrying
out my examination I have followed the Directions given bv the Charity Commission under section
145{5)(b) of the 2011 Act.
Independent examiner's report
Since the company's gross income exceeded £250.(M)O your examiner must be a MeM￿r of a body listed in
section 145 of the 2011 Act. I confirm that l am qualified to undertake the examination because l am a
member of the Institute of Chartered Accountants in England and Wales: which is one of the listed bodies.
I have Complet￿ my. examination. I confirni ihal no Matte￿ have come to my attention in connection with
the examination giving me cause to believe:
i)
accounting records were not kept in respect of the company as required by section i86 of the 2006
Act; or
the accounts do not accord with those accounting records. or
the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other
than any requirenient that the accounts give a "true and fair, view which is not a matter considered
as part of an inde￿ndent examination: or
the accounts have not been prepared in accordanc¢ with the methods and principles of the
Statement of Recommended practice for accounting and reporting by charities.
2)
3)
I have no concerns and have come across no other matters in connection ivith the examination to which
attention should be drawn in this rewrt in order lo enable a prO￿r und¢￿tanding of ihe accounts to be
reached.
This report is made solely to the Charity s Trustees, as a body. in accordance M'ith Part 4 of the Charities
(Accounts and Reports) Regulations 2008. My work has been undertaken so that I m]￿t state to the
Charity's Trustees those matters l am required to state to them in an Independent examiner's rep)rt and for
no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone
other than the Charity and the Charity'5 Trustees as a body, for my work or for this report.
D R Gold (Dec4,
11.59.08 G.XITI
D RGOLD FCA
Independent Examiner
Arn)strong Watson LLP
Chartered Accountants
Newcastle upon Tj'ne
04/1212025

THE ]41EA TRUST
STATEMENT OF FIIYAIYCIAL ACTIVITIES
ItNCLUDtNG INCOME .QND EXPENDITURE. ACCOUNT)
FOR THE YEAR ENDED 31 MARCH 2025
Note
I"Dresiri¢ted
Resiricted
EDdowmeDt
Totsl
2025
Total
2024
Funds
Futtds
Futtd
Income from:
Donations..
Grdrtts
Chariiable aciii'ities..
leenls and service charges receEvable
InTrcstmcnts
Gain on disposal of fixcd asscts
5,000
11.734
10.878
32i.883
11.734
10.878
325,883
345,203
6.841
Total income
348.495
348.495
357,044
Expenditure on:
Raising fiinds
Chariiable acii*ilies
Donation
505
13.025
77i.796
505
113.025
775.796
2,589
648,685
Total expenditure
889.326
889.326
651,274
Net gain5 1 {losse5) on inTr'estments:
Gains I Ilosscs) on rcvaluation of
invesiments
Realised I10sses} I gains on disposal of inveslmen
17.187
7,110
24.297
l(kAI
(6641
(6641
16641
Net expenditure
1541.4951
(541,495)
(269,9331
Transfers between fund5
377.9)2
{181.710)
1196.2421
Net expenditure and net moveMent
in funds
(163.543) {181.710)
(196.2421 1541,495)
{269,9331
Reconciliation of funds
Total tunds brought fO￿ard
163.i43
181.710
196.242
541.495
811.428
Total fllnds earried forward
541,495
Thc statctnent ot tinancial activitics includc5 all gains and losscs r￿QgnIsed in the }"ear.
Thc notL-s on pagLS 8 to 14 fomi part of thcsc financial statcmLlIts.

THE IIIEA TRUST
BALANCE SHEET
Company numttr." 037?1 j73
AS AT 31 MARCH 2025
Note
2025
2024
Fixed assets
-] angible asseis
Investments
451.485
195.443
646.928
Current assets
l)ebiors
Cash at bank
3.513
785.980
789.493
34.813
i3.277
88.090
Creditor$: amounts falling due within one 1.ear
{789.4931
(188.969)
Net current liabilities
(100.8791
Creditors: amounis falling due after more
Ihan one lear
10
(4,554)
Net assets
541.495
The fund5 of the charity
Endowmcnt fund
lJnrestricted income funds
Reslricled income funds
196,242
163.i43
181,710
12
Total eharity funds
541.495
For thc s'car ended 31 March 2025 thc charit* cntitled to clcmption from audit under section 477 of the
C.otnpanics Act 2006 rclating to small companics.
rusiees iesponsibililies..
(i) The tn¢mber5 haTr"¢ not requircd ihc charit%- to obthin an audit of its financial statcments for the ￿ear in
qucstion in accordancL W'lth SLCtion 476.. and
(li) The trustees acknoii'ledge their responsibilities for compll'ing ii'ith the requirements of the Act ivith
respect lo accounting records and Ihe preparation ofthe financial sthtemenis.
Thcsc financial statcmLnts havL bccn prLparcd in accordancc ii-ith thc proi'isions applicablc to companics subjcct to
the small companies regime.
Thc financial Statements wcre approved and 5igncd b). thc trustces and authori5ed for I￿U¢ on 14 November 2025.
MIS
ri
',) GFIT)
Mr M I Spriggs
c.hairman
The notes on pages 8 10 14 fonn part of these financial staiements

THE ]41EA TRUST
NOTES TO THE FIIYAIYCIAL STA TEMENTS
FOR THE I'EAR ENDED 31 MARCH 2025
l. Legal status of the charity.
The charit) is a compan!, limited b!, guarantee. has no share capital and is regisiered in England and Wales. The
addres5 ofihe regisiered 0￿1¢¢ is MF.A I louse. F.Ilison Place. Neii"casile uw)n -1 i"ne. NF.18XS. -I"he liabilil!. oc
each tnembcr in thc cvent of winding up is litnitcd to £1.
2. Aceollnting policies
-I'he principal accounting policies adopied. judgements and ke! sources of esiimaiion un¢erlainl!' in ihe
preparation ot the financial statctnents arc a5 follows..
a) Basis of preparation
-I'he financial siatemenls ha￿.¢ been prepared under the hisiorical ¢osi ¢onvenlion with iiems re¢ognised at
C05t or transaction Traluc unless othcrw.isc statcd. Thcv hai'c bccn prepared in accordance ￿1th Accounting
and RLPOrting b!, CharitlLS'. SiatcmLnt of RiCOtninLndLd PractiCL applicablL to charitics prcparing thuir accounts
in accordance w'ith the Financial Reporting Standard applicable in Ihe ljk and Republic of Ireland IFRS 1021-
(Charities SORP (F RS 1021}. the Financial Repolling Sthndard applicable in the IIK and the Republi¢ of Ireland
IFRS 102} and the Companies Act 2006.
The MEA Trust mccts the definition of a public b¢n¢fit cntiti. undcr FRS 102.
The tinancial statements arc prcparcd in 5tcrling which is th¢ fvnctional and prcscnlation curren￿, of the Charl￿..
b) Going concern basi5
As cxplaincd in thc trustLCS' fLPOrt. folloii-ing thc salc of ME.4 Housc and thc dccision takcn bi" thc tnlstccs to
dissolN'e ihe Tn]st and transfer the remainine assets after provision has been made for all liabiliiies to The RoihleN'
-] riisi by M'a). of l)eed of Gift. the financial staiements ha￿"e been prepared on a basis other than that of the going
concem basis.
c) Fund Structure
i) Endowment Fund
-I'his represenled ihe capital expended in funding the original ¢osi of MF.A I louse. -lthe fund was reduced
annuall> bs, a transter equiTr"alent to the dcprcciation of the original cost ot MIA House.
ii) Designated funds
-I'he follom.ing designated fund was unrestri¢ied fund5 earnwked b! ihe thisiees for specific purposes:
Repair and Refurbishment Fund
The purpose of this fund ivas to meet major repair eipendiiure oui of a fund accumulaied b). annual transfers
from rents received at the di￿re[lOn of Ihe tru5tees_ Folloii"ing ihe sale ofthe building, Ihe remaining balanLe
'as transtcrrcd to the General Fund.

THE ]41EA TRUST
NOTES TO THE FIIYAIYCIAL STA TEMENTS
FOR THE I'EAR ENDED 31 MARCH 2025
2. Aceollnting policies (continued)
e) Fund Structure (co￿tinued9
iii) Restricted funds
CJrants and donaiions obtained for specific purposes are recognised in the financial statements as restricted
funds. iogether with altribuvdble inlesimeni inci)me.
Refurbishment Fund
The Refurbishment Fund met expenditure relatine to a major refurbishment of the building. The fund H.'as
reduced annually bv ihe depreciation of ihe refurbishmeni cosi ofMF.A I louse.
d) Fixed assets and depreciation
Tangible fixed assets ii'ere included in the financial siatemenis at their hisiorical cost. The building ￿aS held for
use for ihe suppli. ol- accommodation io oiher ¢harilies ai less than market rent_ -l-he Iruslees therecore did nol
consider MEA House to bc an inicstmcnt property" requiring inclusion in thc financial slatcments at fair
valuc.
l)epreciation was proi'ided on all langible fixed asseis ai calculaied io H"riie olTihe cost less esiimatrd
residual value ot the assets over their cxpcctcd use￿1 liN"cs. The ratcs used wcrc as follows..
Building.. ori2inal cost
siraighi linc oTr"cr 75 I'cars
Building.. refurbishment
siraieht line oi'er ?5 l'ears
Furniture and equipmeni
2￿/0 per annum reducing balance
e) Investments
InTr'estments were a forni of financial instn]ment and initiall!. recoenised at cost and subsequentlN'
measured at their fair N'alue ¢)5 at the balance 5h¢et date using the ¢li)sing quoied markei priie.
Gains or losses arising on rci'aluation or disposal were rccogniscd in ihc 51atcment of financial actiNitics in
the funds in il'hich thc invcstmcnts ii'crL hcld.
fj Cash at bank
Cash at bank included instant access COIF Charities Dcposit fund accoun
g) Creditors and provisions
Credilors and pro￿lSionS are recognised w.here Ihe ¢harii!" has a present obligation resuliing from a pasl
el'eni ihat will probabl)" rcsult in the Iransfcr of funds to a third pam" and the aTnount duc to scttlc the
obligation can bc mcasurcd or cstimatLd rLliabl!'. CrL-ditors and proi'isions arc nonnall!- rucogniscd at
their settlement amount.
h) Financial in5trumentS
Thc charits. onli. had financial instrumcnts and financial liabilitics of a kind that qualificd as basic financial
instn]ments. Basic financial insiruments ii'ere initiall! measured ai Iransaciion i'alue and subsequentlN' measured at
their settlement value. M'ith ihe exieption ofthe mortgage loan iihi¢h ivas measured at amorti5ed cosi using ihe
effcctii'e interest mcthod.

THE ]41EA TRUST
NOTES TO THE FIIYAIYCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
2. Accounting policies (conlinued)
i) Income recognition
All income is included in the statement of financial aciiviiies ii'hen the charin. has eniiilement to the income.
ii is probable ihai the income will be received and the amouni of income receis.able can be measured reliabl}'.
Thc tolloM"'ing spccilic policies arc applied to particular catcgories of incoJne'.
Donations arL fLCCiI'cd bN' M'a!, of grants and donations and arL incllidcd in full in ihc statcmcnt of
financial activities ￿hen receiNable. Such income is onli. deferred i%'hen the donor specifies that the grani
or donaiion must onl) be used in future accouniing periods. or the donor has imposed conditions Mhi¢h musl
bc mct betore th¢ charit). has unconditional Cntitlcmenl.
InN'Lstmcnt incotnc such as dii'idcnds and intLrcst arL includLd iil)cn rccciNablc.
Income from charitable actii'ities includes income from renis and sen'ice charges ii.'hich are recognised on
a siraighi-line basis oN'er the lem ofihe lease.
j) Expenditure refognitiOD
Expenditure is included in the statement of financial aetivities on an accruals basis, inclusi￿e of ans, VAT
.hich can not be recoi'ered.
Cosls ot cxpcnditur¢ on raising tunds cotnprise the c051s incurrcd in raising incoinc from grants and donations.
C.haritablL LXPLnditurc cotnprisLS all costs of actii"itiiS in furthcrdllcL of thL objccts of thL charity..
CJovernan£e costs represents costs incurred in conneciion ii'ith administrdtion of the charits. and
compliance ￿'ith consiitulional and sta¢utorn" r¢quirements_
Support costs are allocated on thc basis of staff time spent on cach activiti" and are showi in notc ) lo the
a¢counis.
k} Pensions
Emplol'ees of the charit). ￿'ere eniitled to join a defined coniribution mone!. purchase scheme. The charitv
contribution in thc vcar is discloscd in notc 5. Thc InonL!' purchasc plan is managcd b)" B&CE Holdings
(The Pcople'5 Pension). The charity." has no liabilits. boond making its contributions and paling acros5 the
deductions for emplovees, conlribulions.
3. Net expenditure
2025
2024
Nct expcnditurc for thc i'car is statcd aftir charging=
Independent examination and accounianc!. seTh'ices'.
Independent examination
ALcountancw s¢Tr'iccs
Dcprcciation of tangiblc fixLd as￿15
1.130
7.210
183
,130
11.806
180.284
4. Donation
Unrestrieted
Re$tri¢ted
2025
2024
Thc Rothlcy Trust
775.796
775,796
On 31 March 2025. the chariti. transferred all ofits remaining asse￿ io-11)e Roihlth"-l-rus1 (an unincorporaled
charity) b). Ivaw ot Deed of Gift.
10-

THE14IEA TRUST
NOTES TO THE FINANCIAL STA TEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
5. Total expenditure
R*￿iDE
nds
Chari14b
GoTrtrnanc¢
Total
2025
Total
2024
cti*itiES
Costs
Direct costs
Donation (rtoie 4)
Staff costs
ProperN' running and refurbishment costs
l)epreiialion and loss on disposal
Loan int¢rc5t
Lcgal and profcssional fccs
Independent examination and accountanc!,
Ini'estment managemeni cos
Truslecs, inde[t￿lty insurancc
775.796
11.419
85.185
2.741
406
2.048
2.050
775.796
11,419
85.185
2,741
406
4.048
8,340
505
886
889,326
74,673
351.402
180.284
852
26.945
12,936
2.589
.593
651.274
2.000
6.290
505
886
9.176
ioi
879,64)
Governance costs
9.176
Total expenditure on charitable activities
888.821
2024
Staff costs and numbers:
Wages and salarics
RcdundancTr' and cx gratia
Social securiry, cosis
Pension costs
10.594
51.126
19,188
3,597
762
74.673
622
203
11.419
The charity. considers its ke). management personnel comprise the trusiees. The iotal emplo1.ment benefits
ofihe key management personnel ￿'ere £Nil (20)4.. £Nill. "lthere are no emplolees Hiih emc)luments &Ix)￿e
£60,000 per annutn. No trustces or anN' pcrson related or connect¢d bv business io them. rccciNed ani. r¢mun¢ration
from thc charity. during thc vcar.
The aggrcgatc atnount of expcnscs rcitnburscd to thc trusices during the l.ear I￿a5 £Nil (2024= £Nil). Thc numbcr
of trustLCS rcimbursLd for traYLlling cxpcnscs was nil (2024.. nil).
-I'he aN'erage number of emploi'ees during the I'w. anal!"sed bi" fun¢iion as folloM'S'.
2025
2024
Building SLn'iCC& sLYurity' and clLaning

THE ]41EA TRUST
NOTES TO THE FIIYAIYCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
6. Tangible fixed assets
lE.4
Furniture
YIDd equiprneDt
Totsl
House
Cost
Ai l April 2024
Additions
Disposals
Ai 31 March 2025
3.805.961
35,595
3.841,556
{3.805.9611
35.5951
(3,841.556)
Depreciation
At l April 2024
c.harge for N'car
On disposals
Ai 31 March 2025
3.3i7.217
32.854
183
133.0371
3,390.071
183
(3.390.254)
(3.357.?17)
Net book value
Ai 31 March 2025
Ai l April 2024
448.744
2.741
451,485
MF.A I louse ￿'aS sold on 31 Juli. 2024.
7. Fixed a55et investments
Total
2025
Total
2024
L￿tEd inveslFnents.'
Market i'alue ai l April 2024
Additions at COSt
Disposals at carrying valuc
Net gains l (lossesl on revaluation
188.739
307,096
37.25)
{172.7991
17,187
{188.739)
Markct N'aluc at 31 March 2025
188.739
cash availoblefor reinvestmenl..
6.704
Total
195,443
8. Debtors
2025
2024
Rents and scr%'ice charge arrears
Othcr dcbtors
Value added lax
Prepai'menis
.225
2,73)
10.939
19,914
1,303
2,210
3.513
34.813
12-

THE ]41EA TRUST
NOTES TO THE FIIYAIYCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
9. Creditors: amounts talling due H'ithin onc I'car
2025
2024
Loan
Rents and service charges in advance
Other creditors
Accruals
6,072
7,980
132,019
42.898
782.290
7.203
789.493
188.969
10. Creditors: atnounts falling duc aficr morc than onc !"
2024
Loan
4.554
The loan was rcpaid in full on 22 Ma). 2025.
Anal)'sis of debt maturity:
Amounts paTr'able'.
Within onc ycar (Notc 9}
Bet￿'een one and ￿,0 years
2025
2024
6,072
4.554
10,626
I l. Unrestrieted funds
Bal&Dee *t
IDCD]lle
Expenditllr
TrAn5fers
In￿estMent
BAl8nce At
.Ipril
2024
g4in$
(losses)
31 ￿larCh
2025
CJeneral Fund
Designated funds:
Rcpair and Refurbishment Fund
348.495
(889.326)
541.495
(6￿)
163.i43
1163.i431
163.543
348.49)
1889.326)
377.9)2
1664)
Unreslrictedfunds-previousyear
BalaDct at
IDCD]IIt
Exptnditurt
Transftr5
Balance at
2ains
11055ts)
31 ￿[arch
2024
21b23
General Fund
Designated fund5:
Repair and Rcfurbishmcnt Fund
353.048
(480.183)
127.135
259.434
3.996
11.757)
1122.4271
24,297
163,543
259.434
357.044
1481.9401
4.708
24.297
163.543
13

THE ]41EA TRUST
NOTES TO THE FIIYAIYCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
12. Restricted funds
Bg14Dce •t
lTh¢Dme
F.xpenditurt
Tr4D$fers
Balanct 4t
31 Nlareh
21125
21b24
Refurbishment Fund
181.710
181.710
(181.7101
1181.7101
Restrieiedfunds- previomsyear
Bg14Dce •t
lTh¢Dme
F.xpenditurt
Tr4D$fers
Balanct 4t
1 .4pril
2023
31 MArcb
2024
Rcfurbishtncnt Fund
294.4iO
294.4iO
1118.3341
{118.3341
i.)94
i.594
181,710
181.710
13. Analy515 of net 7155et5 betwee￿ funds
Tall%ible
Fixtd
LoDg
ter
Totsl
2025
Total
2024
asset
turrent
gsvts
iDI'es¢ments
liabiliti
li9bilities
Endowment Fund
196,242
Unrestricted funds
Gcncral Fund
Designated funds:
Repair and Refurbishment Fund
163,543
Restricted funds
Refurbishment Fund
181,710
541.49)
Analysis ofnel assets behveenfunds-prioryear
Tangible
rixtd
Fixed
IAbng
term
Total
2024
Total
2023
¢urreni
a55tt5
iDI-tSt￿tllts
Sstts
liabilitits
Endowment Fund
271,242
(75.(K)O)
196.242
257,544
Unrestricted funds
General Fund
Designated fU￿d5.
Rcpair and Rcfurbishmcnt Fund
2.741
6.021
(8.7621
19i,443
(31,900)
163,543
259,434
Restricted funds
Rcfurbishmcnt Fund
177.502
451.48)
4.208
14.5541
181,710
541.49)
294.450
811.428
19i.443
1100.8791
14-