Registered number: 04070097 Charity registration number: 1087523 MUTLEY GREENBANK TRUST COMPANY LIMITED BY GUARANTEE REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS For the ear ended 31st March 2024 Accounts re ared b Webster5 Chartered Accountants Abacus House 129 North Hill Plymouth PL4 8JY
MUTLEY GREENBANK TRUST CONTENTS PAGE Reference and administrative details Trustees and directors report Independent Examiner's report Statement of financial actlvlties Balance sheet Notes to the accounts 7-12
MUTLEY GREENBANK TRUST REFERENCE AND ADMINISTRATIVE DAlLs For the ear ended 31st March 2024 REFERENCE AND ADMINISTRATIVE DEfAILS FOR THE CHARITY. ITS TRUSTEES AND ADVISERS Charity name: The charity is known by the name 'Mutley Greenbank Trust" Co re8lStration Number: 04070097 Charity Number.. 1087523 The trustees, who are also the directors, at the date of approval of this report and those who served during the year under review were as follows: Aubrey Curtis Jonathon Spurling Mike Law Jonathon Madeley Steven Ricketts Suzanne Fearnside Patricia Gray Secretary Nicola Grlfflths Resigned 27101124 Resigned 31103123 Resigned 08112123 Resigned 24101124 Appointed 09/02124 Appointed 12102124 Principal and registered office.. 35 Armada Street Plymouth PL4 8LZ Bankers: Lloyds Bank 8 Royal Parade Plymouth PLI IHB Independent Examiner: J Rothwell ACA Websters Chartered Accountants 129 North Hill Plymouth PL48JY
MUTLEY GREENBANKTRUST REPORT OF THE TRUSTEES AND DIREcfoRS For the ear ended 315t March 2024 The trustees who are also the directors of the charity for the purposes of the Companies Act 2006, present their report and financial statements for the year. Statusi governance and management The charity is governed by its memorandum and articles of association and is a company limited by guarantee not having a share capital. The liability is limited in the event of the company being wound up. The charity was incorporated on 11 September 2000 and registered with the Charity commission. Recruitment and appointment of new trustees In order to appoint trustees, the charity welcomes participant5 Wlth relevant skills and appointment of trustees is based Lbpon the unanimous decision of all trustees. Charitable objects The trust is governed by its Memorandum and Articles of Association. These state that in addition to complying with the Charities Commission's guidance on public benefit the trust's main objects are: I, The relief of need, hardship or distress of a person's resident, working in or with a place of business wlthln the wards of Mount Gould. Drake and Compton Plymouth I'the Area of Benefit") 2. The advancement of education, training or retrainin8, particularly among unemployed people, and providing unemployed people with work experience. The provision of recreational facilitie5 for the public at large or those who because of their youth, age, infirmity or disablement, poverty or social and economic circumstances, have need of such facilities. 4, The protection or conservation of the environment. The provision of public health facilities and childcare. The promotion of public safety and prevention of crime. Such other means as may from time to time be determined subject to the prior written consent of the Charity Commission for En8land and Wales. Prlnclple activities The principal activities of the trust are.. The development of new community facilities for people in the area of benefit. The provision of training opportunities in the field of youth and children's work. Increasing the opportunities for local people to engage in voluntary work. 4. Activities for children and young people as constructive use of leisure time and personal/social development. 5. The development of new childcare places. 6. Support for environmental work. Creation of new jobs. Advice, information and support for local community and voluntary groups. Capacity building initiatives.
MUTLEY GREENBANK TRUST REPORT OF THE TRUSTEES AND DIREcfoRS CONTINUED For the ear ended 31st March Z024 Chairman's review of the year Mutley Greenbank Trust continues to provide a well needed and quality provision for the residents of Greenbank over the past 12 months. We continued to be funded for our youth provision from Ballard Youth Activity Fun. Clarion Futures and Awards for All. Our community provision is funded by the National Lottery (Reaching Communities) and the Local Cooperative. This year we have maintained our dedicated and amazing community volunteers who continue to deliver three hour sessions three mornings per week. We have seen a large increase in residents needing our support due to the aftermath of the COVID pandemic and the cost of living crisis. The volunteers reported they are now supporting on average 12 individual residents per session per week. The main issues include support with debt/ financial difficulties, utility bills. issues with getting regular prescriptions and high levels of anti-soclal behaviour within the community. As a response to thi5 we facilitated a number of community consultations with local police, local councillor5 and community leaders, Local MP and residents. These meetings were very successful and led to regular multi agency approaches to tackle these issues and created a more safe and supportive community. Our youth provision has also developed in the last year through our detached and target youth sessions. Our targeted youth group facilitated a number of social action projects such as intergenerational, environmental and citizenship events in their local area. This led to them achieving a national award for their hard work and dedication. Our amazing staff team Includlng volunteers, have worked very hard this year to ensure our organlsation continues to deliver a professional and vital service in the Community, while overcoming many challenges. As trustees of the Mutley Greenbank Trust we would like to thank all our staff and volunteers for their dedication and passion to serve the community. Reserves policy As a charity we are to keep sufficlent reserves in place to cover committed costs, emergencies and costing sources such as redundancy, property repairs or received funding so the charity can continue as long as possible. The trustee5 are satisfied with the current position as the reserves and will monltor annually. Public benefit The trustees have had due regard to the guidance published by the Charity Commission on public benefit. Statement of trustees, responsibilities Law applicable to charities in England and Wales requires the trustees to prepare financial 5tatement5 for each financial year which Bive a true and fair view of the charit¢s financial activities during the period and of its financial position at the end of the period. In preparing f inancial statements giving a true and fair view, the trustees should follow best practice and: Select suitable accounting policies and then apply them consistently- Make judgements and estimates that are reasonable and prudent,. State whether applicable accounting standards and statements of recommended practice have been followed, subject to any departures disclosed and explained in the financial statements. Prepare the financial statements on the going concerr) basis unles5 It is inappropriate to presume that the harity will continue in operation.
MUTLEY GREENBANKTRUST REPORT OF THE TRUSTEES AND DIRECTORS CONTINUED For the ear ended 31st March 2024 The trustees are responsible for keeping accounting records which disclose with reasonable accuracy the financial position of the charity and which enable them to ascertain the financial position of the charity and which enable them to ensure that the financial statement5 comply with applicable law. They are also responsible for safeguarding the asset5 of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Small company special provision5 The report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime of the Companies Act 2006 ON BEHALF OF THE TRUSTEES S RICK DIRECTOR AND TRUSTEE DATED:
INDEPENDENT EXAMINER'S REPORTTO THE TRUSTEES OF MUTLEY GREENBANKTRUST I report on the accounts for the year ended 31st March 2024 set out on pages five to ten. Respective responsibilities of trustee5 and exarniners The trustees, who are also the directors of the company for the purposes of company law, are responsible for the preparation of the accounts. The trustees consider that an audit is not required for this year under section 144121 of the Charities Act 2011 (the 2011 Actl and that an independent examination is needed. Having satisfied myself that the charity is not subject to an audit under compony law and is eligible for independent examination, it is my responsibility to;_ examine the accounts under section 145 of the 2011 Act; follow the procedures lald down in the general directions given by the Charity Commission (under Section 1451$) Ibl of the 2011 Act; state whether particular matters have come to my attention. Basls of Independent examlnerfs report My examination was carried out in accordance with general directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also Includes consideration of any unusual items or disclosures in the accounts and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given a5 to whether the accounts present a "true and fair view" and the report is li mited to those matters set out in the statement below. Independent examinefs statement In connection with my examination, no matter ha5 come to my attentlon: which gives me reasonable cause to believe that, in any material respeci. the requirements: to keep accountlng records in accordance with section 130 of the 2011 Act,. and to prepare accounts which accord with the accounting records and comply with the accounting requlrements of section 396 of the Companies Act 2006 and with the methods and principals of the Statement of Recommended Practice.. Accounting and Reporting by Charities. have not been met- or to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. J Rothwell ACA Websters Chartered Accountants 129 North Hill Plymouth PL4 8JY DATE.. 20 /1 /z¥
MUTLEY GREENBANKTRUST STATEMENT OF FINANCIAL AcfiviTIES Forthe ear ended 31st March 2024 Note 2024 2024 Unrestricted Restricted fund5 funds Total 2024 Total 2023 INCOME Donations and legacies Investment income 2+3 115,863 7,28S 9,400 7.285 106,463 44,309 4,905 123,148 16,685 106,463 49,214 EXPENDITURE Expenditure on charitable activities 74,173 13.276 60,867 51,472 74,173 13,276 60,867 51,472 NETIOUTGOINGI RESOURCES 49,005 3,409 45,596 12,2581 FUND BALANCES BIFWD 76,642 54,057 22,585 78,900 FUND BALANCES CIFWD E 125,647 £57,466 £ 68,181 £ 76,642
MUTLEY GREENBANK TRUST BALANCE SHEET as at 31st March 2024 Note 2024 2023 FIXED ASSETS 12 46,944 48,285 CURRENT ASSETS Debtors Cash at bank and in hand 13 811 78,863 79,674 275 28,862 29.137 CREDITORS Amounts falling due within one year 971 780 NET CURRENT ASSETS 78,703 28,357 NET ASSETS £ 125,647 £ 76,642 REPRESENTED BY: Unrestritted funds Restricted funds 14 14 57,466 68,181 £ 125,647 54,057 22,585 £ 76,642 The directors are satisfied that for the year ending on the above date, the company was entitled to exemption from audit under s.477 of the Companies Act 2006 and that no member has required the company to obtain an audit of Its financial statements for the year in question in accordance with section 476. The directors acknowledge their responsibilities for complying with the requirements of the Companies Att 2006 with respect to accounting records and the preparation of financial staternents. The financial stateme ts were roved for issue by the trustees and directors on S RICKEThS . TRUSTEE/DIRECTOR The annexed not Al gral part of these flnancial statements.
MUTLEY GREENBANKTRUST NOTES TO THE ACCOUNTS For the ear ended 31st March 2024 ACCOUNTING POLICIES lal General information and basis of preparation Mutley Greenbank Trust is a charitable company limited by guarantee and incorporated in England & Wales. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £10 per member of the charity. The address of the registered office is given in the charity information on page l of these financial statements. The nature of the charity's operations and principal activities are given in page 2 of these financial statements. The charity constitutes a public benefit entity as defined by FRS 102. The financial statements have been prepared in accordance with Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accourlts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ire13nd IFRS 1021 issued on 16 July 2014 las updated through Update Bulletin I published on 2 February 20161 The financial statements are prepared on a going concern basis under the historical cost convention. The financial statements are presented in sterling which is the functional currency of the charity. The signif icant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated. Flxed assets and depreciation Depreciation is provided on equipment between 15% and 20% on a straight-line basis and on freehold property at 2% on a straight-line basis. Fund accounting Unrestricted funds are available for use at the discretion of the trustees In f urtherance of the general objectives of the charity and which have not been designated, for other purposes. Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the Charity for a particular purpose. Idl Income recognition All incoming resources are included in the SOFA when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy. Income is accounted for by matching funders, contributions with the expenditure it is intended to cover. Grant5 receivable are included in the accounts when the appropriate amounts have been quantified. Grants in respect of fixed assets are credited to income. No amounts are included in the financial statements for services donated by volunteers. lel Expenditure recognition All expenditure is accounted for on an accruals basis and has been c1a5sified under headings that aggregate all costs related to that category. Where ¢osts cannot be directly attributed to particular heading they have been allocated to activities on a basis consistent with use of the resources. All expenditure in respect of c2Pltal costs are written off funds in the year of purchase as these are fully funded by grant claims.
MUTLEY GREENBANK TRUST NOTESTO THE ACCOUNTS Forthe ear ended 31st March 2024 ACCOUNTING POLICIES (CONTINUED) Provisions Provisions lie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation, and the amount of the obligation can be estimated reliablv. DONATIONS AND LEGACIES Unrestricted funds Restricted funds Total funds 2024 Total funds 2023 Donations 6,134 6,134 £ 6,134 £ 6,134 GRANTS Unrestricted funds Restricted funds Total funds 2024 Total funds 2023 8allard Trust Plymouth City Council Youth Grant Clarion DCF Reaching Communlties Awards For All 22,500 22,500 3,266 5,5CQ 21,000 2,742 11,000 9,567 3,266 5,500 58,508 19,955 58,508 19,955 £ 3,266 £106,463 £ 109,729 £ 44,309 INVESTMENT INCOME Unrestricted funds Restricted funds Total funds 2024 Rent Bank interest 6,953 332 6,953 332 £ 7,285 £ 7,285 Unrestricted funds Restricted funds Total funds 2023 Rent Bank interest 4,860 45 4,860 45 £ 4,905 £ 4,905
MUTLEY GREENBANKTRUST NOTES TO THE ACCOUNTS Forthe ear ended 31st March 2024 EXPENDITURE BY FUNDTYPE Unrestrlcted funds Restricted funds Total funds 2024 Charitable activities Support costs 2,408 10,868 60,867 63,275 10,868 £ 13,276 £60,867 £ 74,143 Unrestricted funds Restricted funds Total funds 2023 Charitable activltles Support costs 33,376 11,300 33,376 18,096 6,796 £ 6,796 £ 48,636 £ 51,472 ANALYSIS OF SUPPORT COSTS Unrestricted funds Restricted funds Total funds 2024 Total funds 2023 Premises General office Finance costs Governance costs NNDR Insurance Light and heat Repairs and renewals Refurbishments Youth projects 1,341 2,651 84 825 1,341 2,651 84 825 1,341 864 loo 796 154 848 579 784 1,714 11,300 1,077 732 823 3,335 1,077 732 823 3,335 £ 10,868 £ 10,868 £ 18,096 STAFF COSTS The total staff costs and employee benef its for the period 2024 2023 Wages and salaries Pension costs 50,707 800 31,429 1,564 £ 51,507 £ 32,993 The average number of employees during the year was 612023 21. No employee received benefits of more than £60,000 during the year12023 nil) -io-
MUTLEY GREENBANKTRUST NOTES TO THE ACCOUNTS For the ear ended 31st March 2024 CREDITORS Amounts falling due within one year.. Accruals Pension 825 146 £971 780 £780 STATEMENT OF FUNDS The unrestricted funds represent the free funds of the charity that are not designated for particular purposes. Restricted funds are subjected to restrictions on their expenditLrre declared by the donor or through the terms of an appeal and fall into one or two sub-classes: restricted income funds or endowment funds. All transfers between funds relate to surplus restricted funds that have been agreed to be retained as unrestricted on completion of the project. io. TRUSTEES EMOLUMENTS The trustees received no remuneration and were reimbursed mileage at the approved HMRC rates and for expenses where a valid invoice was provided. ii. STATUS AND CONTROL The company is limited by guarantee and is controlled by its body of trustees and directors. 12. FIXED ASSETS Freehold Pro ui Total COST Brought forward 67,063 23,390 90,453 Additions Carried forward 67,063 23,390 90,453 DEPRECIATION Brought forward 18,778 23.390 42,168 Charge for the year 1.341 1,341 Carried forward 20,119 23,390 43,509 NET BOOK VALUE Brought forward £ 48,285 £ 48,285 Carried forward £ 46,944 £ 46,944 All fixed a55ets are held for charitable purposes. -li-
MUTLEY GREENBANK TRUST NOTES TO THE ACCOUNTS For the ear ended 31st March 2024 2024 2023 13 DEBTORS Other debtors £811 £275 14 ANALYSIS OF CHARITABLE FUNDS Unrestrlcted funds This year Atl April 23 Income Expenditure At31 March 2024 General funds £ 54,057 £ 16,685 £ 13,276 £ 57,466 Last year At l April 22 Income Expenditure At31 March 2023 General funds E 55,406 £ 5,447 £ 6,796 £ 54,057 Restricted funds This year At l April 23 Income Expenditure At31 March 2024 Moorview Park Youth Grants DCF Reaching Communities Awards For All 3,967 16,074 2,544 3,967 10,766 2,544 30,949 19,955 28,000 33,308 58,508 19,955 27,559 £ 22,585 £ 106,463 £ 60,867 E 68,181 Last year At l April 22 Income Expenditure At31 March 2023 MooNiew Park Youth Grants Greenbank Centre DCF 3,967 19,144 383 3,967 16,074 34,200 37,270 383 7,023 9,567 2,544 £ 23,911 £ 43,767 £ 44,676 £ 22,585 See note 9 for statutory funds. -12-