2023-07-31-accounts

	SORP	SORP	reference
Summary Of the purposes Of the charity as set out in its	Para	1.•17		To promote such exclusively charitable purposes as the trustees may from time to
governingdocument				time determine, including, but not limited to
				relief of financial hardship, the
				advancement of education the
				advancement of religion and assistance
				with medical conditions
Summary of the main activities in relation to those purposes for the public benefit, in particular, the	Para 1.19	I	.17 and	The main activity of the charity is an Axentis Michael Memorial Ball every two years. A significant surplus is generated and used for charitable donations.
activities, projects or
services identified in the
accounts.
Statement confirming	Para	1.18		The trustees have reviewed the outcomes
whether the trustees have had regard to the guidance issued by the Charity				and achievements of the objectives and activities for the year to ensure they remain focused on our charitable aims and
Commission on public				continue with the duty under the Charities
benefit				Act 2022 to have due regard to public
				benefit guidance published by the
				commission.

ou ma choose to include fu	rther statements	rther statements	where relevant about:
	SORP reference
			The trustees meet to agree allocations of
Policy on grant making	Para	.38	funds to appropriate causes. Surplus are held on deposit whilst awaiting	funds
			allocation to appropriate causes.
	Para	1.38
Policy on social investment
including program related
investment
	Para	1.38	The charity does not employ anyone to execute its work; it relies 100% on
Contribution made by			volunteers and only when the charitable
volunteers			ball is delivered does the charit	a

	for any labour support. At the last ball the	for any labour support. At the last ball the
	charity was able to rely on around 60
	volunteers. All admin, accountancy and
	rizes are donated to the charit each	ear.
Other

	SORP reference	SORP reference
			The trustees consider that the performance
			of the charity continues to be successful.
			The charities next ball was held 25th Nov
Summary of the main	Para	1.20	2023 and will be included in the next
achievements of the charity,			reporting period. The charity has assisted
identifying the differencethe			with equipment for applicants, medical
charity's work has made to			fees, family support, electric vehicles,
the circumstances of its			computers and ipads for support staff to
beneficiaries and any wider			delivercare, and experiences for those in
benefits to society as a			end of life situations.
whole.

Additional information (optional)	Additional information (optional)
You ma choose to include further statements		where relevantabout:
		These have been met
Achievements against	Para 1.41
objectives set
		These have been exceeded
Performance of fundraising activities against objectives	Para 1.41
set
Investment performance	Para 1.41
against objectives
Other

inancial Review
Review of the charity's financial position at the end	Para	1.21	At the year end the charity holds a cash balance of El26,965
of the eriod
Statement explaining the	Para	1.22	It is the trustees' intention to at least
policy for holding reserves			maintain and possible increase the level of
stating why they are held			grants to worthwhile causes by organising
			future fundraising events. The current level
			of reserves will ensure that this can be
			achieved.
Amount of reserves held	Para	1.22	E35,222
Reasons for holding zero	Para	I .22
reserves
Details of fund materially in	Para	1.24
deficit
Explanation of any	Para	1.23
uncertainties aboutthe
charity continuing as a going
concern

Description of charity's
trusts:
Type of governingdocument	Para	1.25	Trust deed of 26 September 2006
trust deed, royal charter
How is the charity	Para	1.25	Charitable Trust
constituted?
(e.g unincorporated
association. CIO
Trustee selection methods	Para	1.25	Appointment of trustees is governed by the
including details of any			trustdeed of the charity
constitutional provisionse.g. election to post or name of
any person or body entitled
to appoint one ormore
trustees
Additional information (optional)
You ma choose to include further statements			where relevant about:
Policies and procedures adopted for the induction	Para	1.51
and training of trustees
The charity's organisational structure and any wider	Para	1,51
network with which the
charity works
Relationship with any related	Para	1.51
parties
Other

Charit name		Axentis Michael Charitable Trust
Other name the charit uses
Re istered charit	number	1 116441
Charity's principal	address	37-40 Alexandra Parad
		Weston super Mare BS23 IQZ

me	s of the charity trus	tees who manage	the charity
	Trustee name	Office (if any)	Dates acted if not for whole ear	Name to a	of person (or oint trustee	body) entitled if an
1	Kerry Michael
2	Michelle Michael
3	Sophie Michael
4	Maria Demetriou
5	Alex Demetriou
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20

Names an	d addresses of a	dvisers (Optional information)
Type of	Name	Address
adviser
Name of	chief executive or names of senior staff members (Optional information)

CHARITY COMMISSION FOR ENGLAND AND WALES	Axentis Michael Charitable	Axentis Michael Charitable	Trust	Trust		Charity No if an	1116441
		Annual accounts for the				eriod
						Period end
	Period start date			01/0812022	To	date	31/07/2023
Section A	Statement of financial activities
		8			Restricted
Recommended categories by activity		o	Unrestricted funds		income funds	Endowment funds	Total funds		Prioryear funds
Incoming resources (Note 3)				FOI	F02	F03	F04		F05
Income and endowments from:
Donations and legacies		so 1		25,590			25,590		1,100
Charitable activities		S02
Other trading activities		S03
Investments		S04		860			860		83
Separate material item of income		S05
Other		S06
Total		S07		26,450			26,450		1,183
Resources expended (Note 6)
Expenditureon:
Raising funds		soa
Charitable activities		S09		177,002			177,002		71,208
Separate material item of expense		SIO
Other		SII		126			126		72
Total		S12		177,127			177,127		71,280
Net income/(expenditure) before	investment
gains/(losses)		S13	-	150,677			150,677	-	70,097
Net gains/(losses) on investments		S 14
Net income/(expenditure)		S15	-	150,677			150,677		70,097
Extraordinary items		S16
Transfers between funds		S17
Other recognised gains/(losses):
Gains and losses on revaluation of fixed assets	for the charity's own use	SIB
Other gains/(losses)		S19
Netmovement in funds		S20	-	150,677			150,677		70,097
Reconciliation of funds:
Total funds brought forward		S21		185,900			185,900		255,997
Total fundscarried forward		S22		35,223			35,223		185,900
1

Recognition of income	These are included in the Statement of Financial Activities (SoFA) when:
	• the charity becomes entitled to the resources;
	it is more likely than not thatthe trustees will receive the resources: and	Yes	NO	Nla
	• the monetary value can be measured with sufficient reliability.
	There has been no offsetting of assets and liabilities, or income and expenses, unless required or	Yes	No	Nla
Offsetting	permitted by the FRS 102 SORP or FRS 102.
		Yes	No	Nla
	Grants and donations are only included in the SoFAwhen the general income recognition
Grants and donations	criteria are met (5.10 to 5.12 FRS102 SORP).
	In the case of performance related grants, income must only be recognised to the extent	Yes	No
	thatthe charity hasprovided the specified goods or services as entitlement to the grant
	onlyoccurs when the performance related conditions are met (5.16 FRS 102 SORP).
Legacies	Legacies are included in the SOFA when receipt is probable, that is, when there has been		No	N/a
	grant of probate, the executors have established that there are sufficient assets in the
	estate and any conditions attached to the legacy are either within the control of the charity
	or have been met.
			No	Nla
Government grants	The charity has received government grants in the reporting period
	Gift Aid receivable is included in income when there is a valid declaration from the donor.
Tax reclaims on	Any Gift Aid amount recovered on a donation is considered to be part of thatgift and is	Yes	No	N/a
donationsand gifts	treated as an addition to the same fund as the initial donation unless the donor or the
	terms of the appeal have specified otherwise.
			No	Nla
Contractual income and	This is only included in the SoFAonce the charity has provided the related goods or
performance related	services or met the performance related conditions.
grants
Donated goods	Donated goods are measured at fair value (theamount for v•nch the asset could be exchanged) unless impractical to do so,	Yes	NO	Nla
	The cost of any stock of goods donated for distribution to beneficiaries is deemed to be hfairoftof		No

Settlementof insurance claims	Insurance claims are only included in the SOFA vhen the general income recognition criteria are met (5.10 to 5.12 FRS102 SORP) and are included as an item of other income in the SOFA.		No	N/a
Investmentgainsand losses	This includes any realised or unrealised gains or losses on the sale of investments and any gain or loss resulting from revaluing investments to market value at the end of the	Yes	No
	year.
2.3 EXPENDITUREAND LIABILITIES
Liability recognition	Liabilities are recognised where it is more likely than not that there is a legal or constructive obligation committing the charity to pay out resources and the amount of the	Yes	No	Nla
	obligation can be measured with reasonable certainty.
Governance and support	Support costs have been allocated between governance costs and other support. Governance costs comprise all costs involving public accountability of the charity and its
costs	compliance with regulation and good practice.
	Support costs include central functions and have been allocated to activity cost		No	Nla
	categories on a basis consistent with the use of resources, eg allocating property costs
	by floor areas, or per capita, staff costs by the time spent and other costs by their usage.
Grants with performance conditions	Where the charity gives a grant with conditions for its payment being a specific level of service or output to be provided. such grants are only recognised in the SoFAonce the recipient of the grant has provided the specified service or output.	es		/a
Grants payable without performance conditions	Where there are no conditions attaching to the grant that enables the donor charity to realistically avoid the commitment, a liabilityfor the full funding obligation must be recognised.	Yes	NO	Nla
Redundancy cost	The charity made no redundancypayments during the reporting period.	Yes	No	Nla
			No	Nla
Deferred income	No material item of deferred income has been included in the accounts.
			No	Nla
Creditors	The charity has creditors Mhich are measured at settlement amounts less any trade discounts
	A liability is measured on recognition at its historical cost and then subsequently		No
Provisions for liabilities	measured at the best estimate of the amount required to settle the obligation at the
	reporting date
Basic financial instruments	The charity accounts for basic financial instruments on initial recognition as per paragraph 11.7 FRS102 SORP. Subsequent measurement is as per paragraphs 11.17 to 11.19, FRS102 SORP.		No	Nla
2.4 ASSETS
Tangible fixed assets for	These are capitalised if they can be used for more than one year, and cost at least
use by charity	They are valued at cost.	Yes	No	N/a
	The depreciation rates and methods used are disclosed in note 9.2.
Intangible fixed assets	The charity has intangible fixed assets, that is. non-monetary assets thatdo not have	Yes	No	Nla
	physicalsubstance but are identifiable and are controlled by the charity through custody
	or legal rights. The amortisation rates and methods used are disclosed in note 9.5
		es	No	Nla
	They are valued at cost.
Heritage assets	The charity has heritage assets, thatis, non-monetary assets with historic, artistic, scientific. technological. geophysical or environmental qualities that are held and	Yes	No	Nla
	maintained principally for their contribution to knowledge and culture. The depreciation
	rates and methods used as disclosed in note 9.6.1.4.
		Yes	No	Nla
	They are valued at cost.
Investments	Fixed asset investments in quoted shares, traded bonds and similar investments are
	valued at initially at cost and subsequently at fair value (their market value) at the year		No
	end, The same treatment is applied to unlistedinvestments unless fair value cannot be
	measured reliably in which case it is measured at cost less impairment.
	Investments held for resale or pending their sale and cash and cash equivalents with a	Yes	No	Nla
	maturitydate of less than 1 year are treated as current asset investments
Stocks and work in	Stocks held for sale as part of non-charitable trade are measured at the lower orcost or net	Yes	No	Nla
progress	realisable value.
	Goods or services provided as part of a charitable activity are measured at net realisable value	Yes	No	N/a
	based on the service potential provided by items of stock.
			No	N/a
	Work in progress is valued at cost less any foreseeable loss thatis likely to occur on the contract.
	Debtors (including trade debtors and loans receivable) are measured on initial recognition at	Yes	No	Nla
Debtors	settlement amount after any trade discounts oramount advanced by the charity. Subsequently,
	they are measured at the cash or other consideration expected to be received.

Currentasset	The charity has has investments which it holds for resale or pending their sale and cash and cash equivalents with a maturitydate less than one year. These include cash on deposit and cash	Yes	NO	N/a
investments	equivalents with a maturitydate of less than one year heldfor investment purposes rather than to
	meet short term cash commitments as they fall due.
		Yes	No	Nla
	They are valued at fairvalue exceptwhere they qualify as basic financial instruments.
POLICIES ADOPTED
ADDITIONAL TO OR
DIFFERENTFROM
THOSE ABOVE

									Restricted
								Unrestricted	income	Endowment
								funds	funds	funds	Total funds	Prioryear
					Ana sis
Donations	Donations		and		ifts
and legacies:	Gift Aid
	Le acies
	General grants				provided by government/other
	charities							25 590			25 590	1 100
	Membership			subscriptions and sponsorships
	which are		in	substance donations
	Donated		oods, facilities and				services
	Other
							Total	25, 590			25,590	1,100
Charitable
activities:
	Other
							Total
Other trading
activities:
	Other
							Total
Income from	Interest income							860			860	83
investments:	Dividend	income
	Rental and leasin					income
	Other
							Total	860			860	83
Separate
material item
of income:
							Total
Other:	Conversion of endowment funds into income
	Gain on disposal of a tangible						fixed asset held
	for charit		's	own use
	Gain on disposal of a programme related
	investment
	Royalties		from		the exploitation of intellectual
	ro	ri	hts
	Other
							Total
TOTAL INCOME								26 450			26 450	1 183
Other information:
All income in the prior year was unrestricted except for:
(please provide	descriptionand amounts)
Where any endowment fund				is converted into			income in the
reporting period, pleasegive the reason for the conversion.
Where any endowment fund				is converted into			income in the
prior period, please give		the		reason		for the conversion.
Within the income items		above			the	following items are
material: (please disclose			the nature, amount				and any prior
year amounts)

						This year
			Description
Government grant	Homes for Ukraine sponsor		grant			25	590
Government grant 2
Government grant 3
Other
				Total		25,590
						Last year
			Description
Government grant I	Homes for Ukraine sponsor		grant			1	100
Government grant 2
Government grant 3
Other
				Total		1,100
	This	ear		Last	ear
Please provide details ofany
unfulfilled conditions and other
contingencies attaching to grants
that have been recognised in income.
	This	ear		Last year
Please give details ofother forms of
government assistance from which
the charity has directly benefited.

Note 6 Analysis of expenditure
	This	year			Last Restricted	year
Unrestricted	Restricted	Endowment		Unrestricted	income	Endowment
Analysis funds	incomefunds	funds	Total funds	funds	funds	funds	Total funds
Ex enditure on raisin funds:
Incurred seeking donations
Incurred seeking legacies
Incurred seeking grants
Operating membership schemes and
social lotteries
Staging fundraising events
Fudraising agents
Operating charity shops
Operating a trading company
undertaking non-charitable trading
activit
Advertising, marketing, direct mail and
blici
Start up costs incurred in generating
new source of future income
Database development costs
Other trading activities
Investment management costs:
Portfolio mana ement costs
Cost of obtaining investment advice
Investment administration costs
Intellectual property licencing costs
Rent collection, property repairs and
maintenance charges
Total expenditureon raising funds
Expenditure on charitable activities:
Donations 177 002			177 002	71 208			71 208
Total expenditure on charitable
activities 177 002			177 002	71 208			71 208
Se arate material item of expense
Total
Other
Website costs 48			48
Bank char es 78			78	72			72
Total other expenditure 126			126	72			72
TOTAL EXPENDITURE 177,127			177,127	71 ,280			71 ,280

						This	ear			Last	ear
		Activity	or	programme	Activities undertaken directl	Grant funding of activities	Support Costs	Total this year	Activities undertaken directl	Grant funding of activities	Support Costs	Total last year
Activit	1
Activit	2
Other
Total

13.1 A	nal	ysis o	f grants paid (i	ncluded in cost ofcharitab	le activities)
				Grants to
		Analysis		institutions	Grants to individuals	Support costs	Total
Donations		made		5 893.00	171 108.80	NIL	177 001.80
Activit	or	ro•	2
Activit	or	ro•ect	3
Activ•	or	ro•ect	4
			Total	5,893	171,109		177,002

13.2 Grants made to institut	ions
					Please provide
					details of	charity's
My charity has made grants	to particular institutions	that are material in	the	Yes	URL.
context of its grantmaking.	Details of the institution	supported, purpose of the
grantand totalpaidto each	institution is available on the charity's web site.
				No	Provide details below
Names of	institution		Purpose		Total amount rants aid		of E
Grief encounter SW charity		Donation					893
North Somerset Council		Seafront	Shelter refurbishment			5,000
Total grants to institutions in reporting period						5,893
Other unanalysedgrants
TOTAL GRANTSPAID						5	893

Last year: 13.3 Analysis of grants paid (included	Last year: 13.3 Analysis of grants paid (included	in cost of charitable activities)	in cost of charitable activities)
		Grants to
Analysis		institutions	Grants to individuals	Support costs	Total
Donations made		33,987.97	37,219.66	NIL	71,207.63
Activity or project	2
Activity or project	3
Activity or proJect	4
	Total	33,988	37,220		71,208

13.4 Grants made to institu		tions
						Please provide
						details of charity's
My charity has made grants		to particular institutionsthat are materialin the			Yes	URL.
context of its grantmaking.		Details of the institution	supported, purpose of the
grant and totalpaidto each		institution is available on the charity's web site.
					No	Provide below	details
Names of		institution		Purpose		Total amount of grants paid E
SDR Fitness- Wales			Re a specific	individual			1,800
Weston Lions				Go Kids Go pledge			1 ,ooo
Surface technologies			Phillippines Tycoon				10,000
Weston Lions			Event sponsorship				500
Freedom for kids							4,030
HowardsGarge			MG3 for weston hospice care prize donation				12,000
Net world sports			sponsorship				4,658
Total grants to institutions	in reporting period						33,988
Other unanalysedgrants
TOTAL GRANTS PAID							33,988

Section C		Notes to the accounts		(cont)
Note 14	Tangible	fixed assets
Please complete this note if the charity has any tangible fixedassets
14.1 Cost or valuation
		Freehold land &	Other land &	Plant,	Fixtures, fittings	Total
		buildings	buildings	machinery	and equipment
				and motor
				vehicles
At the beginning of the year				4,400		4,400
Additions
Revaluations
Disposals
Transfers *
At end of the year				4,400		4,400
14.2 Depreciation and impairments
		SL or RB (Straight	SL or RB	SL or RB	SL or RB	SL or RB
		Line or Reducing
		Balance)
		** Rate
At beginning of the year				4,400		4,400
Disposals
Depreciation
Impairment
Transfers*
Atend of the year				4,400		4,400
14.3 Net book value
Net book value at the beginning of the		year
Net book value at the end of the year

This	year	Last	year
	621.0
	621.0

	This	year	Last	year
Total

20.1 Analysis of creditore
		Amounts falling due		within	Amounts falling due after
		one year			more than one year
		This year	Last	year	This year	Last year
Accruals for grants payable
Bank loans and overdrafts
Trade creditors
Payments received on account for contracts or
performance-related grants
Accruals and deferred income
Taxation and social security
Other creditors		35,608		1 ,836
	Total	35,608		1 ,836

		This	ear	Last	ear
Please explain thereasons why income is deferred.	Payments to		attendNov
	23 ball which		si to be
	reported	in July2023
	accounts
Movement in deferredincome account				This year	Last year
Balance at the start of the reporting period
Amounts added in current period				56,755
Amounts released to income from previous periods
Balance at the end of the reporting period				56,755

*Key: PE - permanent funds	endowment funds;	EE	- expendible endowm	ent funds; R - restric	ted income fu	nds, includ	in	g specialtrus	ts,ofthe char	ity; and U - u	nrestricted
					Fund						Fund
	Type PE, R or UR	EE *	Purpose and	Restrictions	balances brought forward	Income		Expenditure	Transfers	Gains and losses	balances carried forward
Fund names
Unresricted	UR		I-Jnrestricted funds		185,900	26,450		177,127			35,223
Other funds	Nla		Nla
				Total Funds	185,900	26,450	-	177,127			35,223

				balances							balances
	Type PE, EE R or UR *	Purpose and	Restrictions	brought forværd	Income			Expenditure	Transfers	Gains and losses	carried forward
Fund names
Unresricted	UR	Unrestrictedfunds		255 997	1	183	-	71 280			185 900
Other funds	Nla	Nla
			Total Funds	255,997	1,183			71,280			185,900

				Amounts paid orbenefit	Amounts paid orbenefit	value
Name oftrustee	Legal authority (egorder, governing document)		Remuneration	Pension contribution	Redundancy (including loss of	Other	TOTAL
					office)/ex
					rati
Please give details of why	remuneration	or other employment
benefits were paid.

Type of expenses reimbursed	This year	Last year
Travel
Subsistence
Accommodation
Other (please specify):
TOTAL
Please provide the number of trustees reimbursed for expenses or who had
expenses paid by the charity

This year	This year	This year	This year	This year	This year
There have been no related party transactions in the reporting period (True or						False)	FALSE
								Amounts
Name of the trustee or related party	Relationship to charity	Description of the transaction(s)	Amount			Balance at period end	Provision for bad debts at period end	written off during reporting
									erio
Grand Pier	A company	Monies owed to the Grand	33,772.77			35,608.29
	under control	Pier- on occasions both
	of trustees.	income and expensesare
		dealt with via Grand Pier
		bank account, resulting in an
		outstanding loan balance
In relation to the transactions above,		please provide the terms
and conditions, including any security and the nature of any payment (consideration) to be providedin settlement.			No security is given and all monies over re ularl				owed to the trust or Grand	Pier	are paid

Last year
There have been no related party transactions in the reporting period				(True or False)				FALSE
									Amounts
Name of the trustee or related party	Relationship to charity	Description of the transaction(s)	Amount				Balance at period end	Provision for bad debts at period end	written off during reporting
									period
Grand Pier	A company	Monies owed to the Grand		19052.56			1835.52
	under control	Pier- on occasions both
	of trustees.	income and expenses are
		dealtwith via Grand Pier
		bank account, resulting in an
		outstanding loan balance
In relation to the transactions above,		please provide the terms
and conditions, including any security and the nature of any
payment (consideration) to be providedin settlement.			No security			is given and all monies		owed to the trust or Grand	Pier are paid
			overre		ularl
For any related party,	please provide	details of any guarantees
given orreceived.
			None

Independent examiner's report on the accounts

Section A Independent Examiner’s Report

Report to the trustees

Charity Name Axentis Michael Charitable Trust

On accounts for the year 31 July 2023 Charity no 1116441 ended (if any) Set out on pages 1-17 (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 DD / MM / YYYY .

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 [The charity’s gross income exceeded £250,000 and I am qualified to examiner's statement undertake the examination by being a qualified member of [insert name of applicable listed body]]. Delete [ ] if not applicable.

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination (other than that disclosed below *) which gives me cause to believe that in, any material respect:

• the accounting records were not kept in accordance with section 130 of the Charities Act; or

• the accounts did not accord with the accounting records; or

• 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.

• Please delete the words in the brackets if they do not apply.

Signed: Name: Relevant professional ACCA/ CTA

Name: Michelle Parsons

Date: 22 May 2024

Oct 2018

1

IER

qualification(s) or body (if any):

Address:

9 Elborough Gardens

Elborough BS24 9TG

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 .

Oct 2018

2

IER