CHARITY COMMISSION FOR ENGLAND AND WALES Trustees, Annual Report for the period From 0110812023 To 3110712024 Charity name: Axentis Michael Charitable Trust Charity registration number 1116441 Objectives and Activities SCIiP reference Para 1.17 Summary of the purposes of the charity as set out in its governing document To promote such exclusively charitable purposes as the twstees may from time to time determine, including. but not limited to relief of financial hardship, the advancement of education the advancement of religion and assistance with medical conditions The main activity of the charity is an Axentis Michael Memorial Ball every years. A significant surplus is generated and used for charitable donations. Summary of the main activities in relation to those purposes for the public benefit, in particular, the activities, projects or services identified in the accounts. Statement confirming whether the trustees have had regard to the guidance issued by the Charity Commission on public benefit Para 1.17 aThJ 1.19 Para 1.18 The trustees have reviewed the outcomes and achievements of the objectives and activities for the year to ensure they remain focused on our charitable aims and continue with the duty under the Charities Act 2022 to have due regard to public benefit guidan￿ published by the commission. Additional infomiation (optlonal) You ma choose to include further statements where relevant about: SORP reference The trustees meet to agree allocations of funds to appropriate causes. Surplus funds are held on deposit whilst awaiting allocation to appropriate causes. Policy on grant making Para 1.38 Para 1.38 Policy on social investment including program related investment The charity does not employ anyone to execute its work,. it relies 100 % on volunteers and only when the charitable ball is delivered does the chari for Pafa 1.38 Contribution made by volunteers any labour support. At the last ball the charity was able to rely on around 20 volunteers. All admin. accountancy and rizes are donated to the chari each ear. Other Achievements and Performance SORP relerence The trustees consider that the performance of the charity continues to be successful. The charities held its bi-annual ball and raised funds of £410,000. The charty has assisted with equipment for applicants, medical fees. family support, computers and ipads for support staff to deliver care, and experiences for those in end of life situations. Summary of the main achievements of the charity, identifying the difference the charity's work has made to the circumstances of its beneficiaries and any wider benefits to society as a whole. Para 1.20 Addltlonal information (optional) You ma choose to include further statements where relevant about.. These have been met Achievements against objectives set Para 1.41 These have been exceeded Perfoman¢e of fundraising activities against objectives set Para 1.41 Investment performance against objective5 Para 1.41 Other Financial Review Review of the charity's financial position at the end of the eriod Statement explaining the policy for holding reserves stating why they are held Para 121 At the year end the charity holds a cash balan￿ of £314.518 Para 1.22 It is the trustees, intention to at least maintain and possib5e increase the level of grants to worthwhile causes by organising future fundraising events. The current level of reserves will ensure that this can be achieved. £315.416 Amount of reserves held Reasons for holding zero reserves Details of fund materially in deficit Explanation of any uncertainties about the charity continuing as a going concern Para 1.22 Para 1.22 Para 1.24 Para 1.23 Additlonal information (optional) You ma choose to include further statements where relevant about: The charity's principal sources of funds (including any fundraising) Para 1.47 Investment policy and objectives including any social investment policy adopted Para 1.46 A description of the principal risks facing the charity Para 1.46 Other Structure, Governance and Management Description of charty's trusts.. Type of governing document trLRSt dt:Ld, ro dl chailer How is the charity constituted? (e.g Liiiincorporaled Para 1.25 Trust deed of 26 September 2006 Para 1.25 Charitable Trust Trustee selection methods including details of any constitutional provisions e.g. election to post or name of any person or body entitled to appoint one or more trustees Para 1.25 Appointment of trustees is governed by the trust deed of the charity Additional information (optional) You ma choose to include further statements where relevant about: Policies and procedures adopted for the induction and training of trustees Para 1.51 The charity's organisational structure and any wider network with which the charity works Para 1.51 Relationship with any related parties Para 1.51 Other Reference and Administrative details Charit name Other name the chari uses Re istered charit number Charity's principal address Axentis Michael Charitable Trust 1116441 37-40 Alexandra Parad Weston super Mare BS23 1QZ Names of the charity trustees who manage the charity Dates acted if not for whole ear Trustee name Offlce (if any) Name of person (or body) entitled toa oint trustee ifan Kerry Michael Michelle Michael Sophie Michael Maria Demetriou Alex Demetriou 10 12 13 14 15 16 17 18 19 20 Cor orate trustees- names of the directors at the date the re Director name ortwa5a roved Name of trustees holding title to property belonging to the charity Trustee nam8 Dates actéd If not forwhole ear Funds held as custodian trustees on behalf of others Description of the assets held in this capacity Name and objects of the charity on whose behalf the assets are held and how this falls within the custodian charity's objects Details of arrangements for safe custody and segregation of such assets from the charity's own assets Additional information (optlonal) Names and addresses of advisers (Optional Information) Type of Name Address adviser Name of chief executive or names of senior staff members (Optional Infomiatlon) Exemptions from disclosure Reason for non-disclosure of ke ersonnel details Other o tional infomiation Declarations The trustees declaTe that they have approved the trustees, report above. Signed on behalf of the ch riTh trustees Signature(s) Full name{s) Position (eg Secretary, Chair, etc) MicheiiL Michael Chair Date CHARITY COMMISSION FOR INGL4ND AND WALES Axenlis Michael Charitable Trust Charity No ifan Annual accounts for the period 0110812023 To Period end dale 1116441 Period slart date 3110712024 Section A Statement of f inancial activities Restrlcted Income funds Recommended categorfes by activity Unrestrlctsd lunds Endowment funds Prlor year funds Total funds Incoming resources (Note 3) Income and endowments from: DonaUon$ and legacles ChA￿table acuvth'ey Other Iradlno a¢lIvI￿e& Investrnanls Separate m•l•rfal Item of In¢orn• Other F01 F02 F03 F04 F05 801 7,150 410709 7,150 410,709 25,590 S02 S03 3,740 860 S05 Total Resources expended (Note 6 Exp•nditurg on: R8lslng fvnd¥ Charlt9blo %llvllSE$ S07 421,599 421 $99 26 450 29,505 111,839 29,505 111839 177 002 S¢p8rate rnalerfal Item ofoxpense Other S10 S11 62 141406 62 141,40S 126 177 128 Total S1Z Net Incomellexpenditure) before Investment galnsl(losses) Not galnslllossesl on Invesirn•nts Net incomel(expenditure) Extraordlnary items Transfers between funds other recognised galnsl(losses): S12 280,193 280,193 150,678 S14 Sl5 280,193 280,193 150,678 sis S17 Galns and losses on re¥aluabon of fixeiÉ assets lor Ihe chorltyg tyn use Other galn$l(los¥eBI Net movement In funds S18 S19 S20 280.193 280,193 150,678 ReGonclllatlon of funds.. Total funds brought fomard Total funds carried forward S21 35.223 315416 35,223 315,416 185.900 35,223 Section B Balance sheet R•striet•d Ineom• nds Unre8trict•d funds Endowmont Total th1$ funds ar Total last y•ar Fixed assets Intanglblo assets Tangible asset5 Herltage assels Investments F01 F02 F03 04 F05 {Note 13) (Note 14) {Note 161 (Note 17) Total flxed assets BO6 Current assets Stock$ (Nots 18) Deblorn (Note 19) Inveslments (Nole 17.4) Cash at bank and In hand (Note 241 Totsl Current assets Q7 2,375 12,375 621 ,518 316,893 126,965 127,586 B10 6,893 Creditors: amounts falllng duo wlthln one yaar (Nots 201 1,4T7 92,363 Net current a$$ets/(118bilitles) 812 31 35,223 Totol assets less current Ilabllltles B13 35.223 Credltors: amounts falllng duo after one year (Note 20) Provislons for Ilabllltles 814 Bl6 rotal net assats or Ilabililies Funds of the Charity Endowment funds (Note 271 Restrl¢l¢d Income lunds (Not• 27) Unrestrl¢tgd funds Rovaluatlon rosgrve B16 315.416 5,416 35.223 817 810 819 Total ftsnds Signed by ong or Iwo trustees on behdf of 811 the trustees Dal¢ of approval ddlmml ignalure Print Name Michelle Michaol CC173 (Ex¢e 201051202.5 Section C Notes to the accounts Note 1 Basis of preparation This sectlon should be completedbyall charitKs. 1.1 Basis of accountlng These accounts have b&en prepared under the hi5tori¢al cost convontKJn V￿th items recognised al cost or transaction valLJ& unless otherwse stated in the rel&vant note{s) to these accounts. The accounts have been prepared in a¢cordanc8 wth: the Slalemenl of RecommerKled Practice.. Accounting and Reporting by Charities p￿parIng their accounts in acco[dan￿ with the Financial Reporting Standard applicab16 in the UK and Republic of Ireland IFRS 102) issued on 16 July 2014 and with. and wth. the Financial Reportlng Standard appllcable In the Unlted Kingdom and Republic of Ireland IFRS 102) and ￿th the Charilies Act 2011. The charily Constitutes a public benefit entlty as defined by FRS 102.. -Tlck as 8pprowkqts 1.2 Golng concern If there are materlal uncertaintles related to events or conditions that cast slgnlficant doubt on the charltys ablllty to ¢on6nue as a goln9 con¢•rni please provldo the followlng detaHs orstal• "Notappllcablo", rf appropriate." An explgnalion as to those factors that support th& conclusion that the Ghartty 18 a going concern,. N/A Disclosu￿ of any uncertaintie5 that make the golng concem assumption doubllul; WheR accounts are not prepared on a going con￿rn basis, please disclose this fact together with the basis on whith the Iruslees prepared the a¢wunls and Ihe reason why the Charity is warded as a going con¢em. N/A NIA 1.3 Change of accounting pollcy The accounts presenl a true and fair view and Ihe accountirvJ policies adopted are Ihose oulllned in note { }. Yes. -Tick as approprtgte Please dlsclose.. (i) the nature of tho change In accountlngpolicy," NIA CC17a (Excell 2010512025 (11) the reasons why applying the now accounting pollcy provides more réliable and m(we relevant infomiatlon," and NIA (iilj the amount of the adjustment for each line affeclefl in the currentperiorl, each priorperiodpresented and the aggregaté amount of the adjustment relatlng to perlods before those presented. 3.44 PRS 102 SORP. NIA 1.4 Changes to accounting estimates No Changes to accounting eslimales have occurred in the reportiry perlod13,46 FRS 102 SORP). Yes. No. -Tlck as 8ppropYlale Please dlsclose.. {4 the nature of any changps.. NIA fil) the effect of the change on Income and expense or assets andliablllttes lor tha currnntperk)d,' and NIA (111) whern pracdcable, the effect of the change In one or more future perlods. NIA 1.6 Materlal prlor yfrar errors No material prior year emr have been idenllffed in Ihe ￿porting perfod (3.47 FRS 102 SORP). Ye8" -Tl¢k as approthle Please dtsclose.. (i) the nature olthe priorperiod error,. NIA (11) for each priorperlodpresen(ed In the accounts, the amount of the correctlon for each account line ttem affected," and NIA (111) the amount of the ¢orrectlon at the beglnning of the earliostprlorpèriodpresented In the accounts. NIA CC17a (Excel) 2010512025 Section C Notes to tho ac¢ountS Icontl Note 2 2.2 INCOME Accounting policies Th15 ¥landgrdtssio18¢¢OL¢n￿ttvp01thS has been •bylleeharfy¢rfepthrlhoNe thdN)"arVa', 0 R•EwnXlon •llnvJm• ThpB?8r• lrtd4KSthJ Stotsrnfjth (SOFA) 41then.' thè chAl*y ber4nes BnbY8d * ￿ mt*a than r￿￿*￿ ts ra80￿t•￿', IhDmon•t8ry ¥abn cHn Yes Np bBon Thioff6DtllryJ of•sw•rAbs i•blllW•A. orlnr*Jrnowd rnqthdor P￿11￿1 FRS 1V2 SORP orFR8 102 Yea No Nla Qr8rrti •r4J ¢JOhOllons fjr• h)thp SoFA**•n th• yrw•l ra￿9rt uh•ia *• rn¢115.10tD &12 FAS1￿ SORPI. In Ihfrt*J• ofperfomi•ncerel4todirwts, bè réwnisqd lo th? 6xt• Iht Infr h•$ prD¥ifjedth• Syal￿O oogds ur a•rsic•8 as go 9rarl 4rtyOCtyJsknn itri• pllrformw¢• relaled aro M￿15.)0 FR5 107 SORPI. L6yèc405 ale In SOFA ¥**nrKdpi i• wcthWB. IMI li. ￿tyn hm b• 9r8nl ol p.￿￿10. Iw h•¥o•Atat•ihq¢ttr*tlh8re llrn •urrid•nt iaJ•ls In i •8IEle and ary c¢rdkloM •tW•J l•gacy 8r• ollhprwfthln tw￿01￿1￿¢￿ orhov• b•w m*. Nla Y88 No G•¥omm•n¢ qr4nl• Yes gr•nl• Iri1￿ f•rfoty T4x Y•¢liiffli donitlvn• Ind gl GIftAld ro¢•l¥•W&l4 kndud8d In 1$ a dK.4r4&]n LhD dllTh)r. Arty GW¢ Ald rocovorqd oThg bB wof *AI 9Vt •nd Ir•ai•d 8$ •Tr4thYrflon Io Iho i•fft• ILffd •>1￿ L¥l•s•lhD thnororih• No Nla onlrnttU*l Incom• ind TNI I￿￿$•d WA gnw t￿¢￿11￿1￿ w•vld•d typrol•l•d qooth p•rfornarKD r•lit•d qV4nl¥ NO Nla Donit•d good• Drwlad 9ts)dl mO88thd oi r4tr¥du• (th• b• •xti￿¢￿I ur4•B8 kn)prn4lul to OD Yes No Nla Th• CD¥lrfarty wod•thn8knJtsr thttrbJUrffjlob•n*Ywl•• l• d••m•d IDb• th• fotr valL* 01thg¥8 at1￿4 tlm• ol r•c•W •[• r•trJ9rdMd on reu*t No Nla Dv•i•o wodb •r•mèow•d ai lh• •xp•Ct•dp￿E¥BdsIr¢M l•¥•ih• OXFqd•d of and rDroJNi•u In'lntrJn• ¥fi08L On ¥8k• ￿ ¥￿u+￿S1o￿ ￿ Clwgod agalnil'lrKomo Irom Ot￿r irndNJ Y•$ Nlw Good8 don•ied f¢*onY￿￿¥8• ty t￿¢*&nIY¥rvl•V￿S•d Is qwtl •nItIn￿￿￿{n th4 SOFA 0$ hwomlr4 fSJDWEwwmnrn￿vau•. Gm• kn IJFKI lor w• tylhè th•rly•re Incktdod knll* WA IrKom• Irryn Yel Nla Y*& No Dowllld 4•rvl¢M 4nrf Illllos OoMi•d 4wvk•i m• %)FA**•n r•cth•u41 ol lh• loth• chwtty providlld thgv•kn¢llY• gKI eart￿ Oonbted s•fykoJ f•d*ip5 tr•1 urv¢¢nyJrn•a imm•thlltoty •r• rqcoyrtsgd •% **om• • SOFA. Y05 No Yes Nlo Support ￿￿1* No Nl Vqlunl•vh•lp No Nla viltr•tru¥¢••8'4Thud r¢pobt In¢offlg fvorn Inl•rq•l. ylltlis dl¥ld4ndB rryknbty. Nla l#¢oma from memb•r&Np meMbe￿h1P Dra ym¥r• Donakns biibJ¢rlptlon8 Loga¢￿. Ye5 No NIE lornbetsNp Sth9[￿p1INS 9￿6$ b m•rnb•r tho w to bvrf Sor￿CeS￿ro1￿•r benBThts are recoynsed 9$ WOmO••rnBdfrom vtgDtyJEand In¢¢mB frurn aeJMUp>. No Nl8 $DttlgmMI tyf In¥urnnc* cWTr78 arB oty Irthhd Irbthq SoFA%thèn tha gornral uyxono TprDynrfEon tO￿a are mqt15.10 10 6.12FRS102 SORPI andqrnlKk￿Od as 8Dttem Dfot Ir￿UMP In tho Y8S Nlo lJw•¥tm•rt Vln5 and Y¢5 No •ry rv4kJknu knv••lffl*N8 ￿ marw vgTu•atllwgryJ ofihv 2.3 EXPENDITURE AND LIABILITIES U•bUlty rn¢oBnttlon LlaNhb"85 are Tefy)gnisoow*we ftts M(ve than nulthal a12gRTor corslryjctwo ob]to&Uon cornmlMFrwJ IhFrh8rity 10 pay out lh• •rnourtof oNDJ4Ugn t4nbe rneaJw•dTrJAth rea$￿￿￿•B ¢en•lnty. Support¢OSlS hlvo bllfrn l)BM*•n y0vern8r￿<0$ts￿d othargwL¥L Govomonce cosij mwi¥e dl CDS￿ Invrthrffj thBrfIy4nd N8 cornplkn￿￿h reg￿9110￿3nd gor*1 pr8ttlc•. GD¥om•nc• and Bupport 05 No Nl8 cworta$ on4 b99￿ Con5￿18rrt ol èg 8llucalln9 propwty ro51$ by floorarw. wpwc4plq. sWcDs1o by the tkn• SF•M4no othercoii$ by IWru$•q•. Qr*nt* wllh p•rf•miin¢• ondttlDM 0rVthp￿lo b• SL&* gr•nt¥ am orly rnTrYdThB•O kntho SOFA oru lh• l•ni 01th•4r￿1 h•• pm¥iO•d ororyi. gr•nt• p4yabh wllhout WhWe1￿ thhing t• th• gram Ihal gnBblfyg th• th)nDr c*•rty to p•rfomiinv• condlll•rt• rnB1611c*4K4ll C￿MIlM¢r(S IwthB t￿11￿ r•r4nL%• ND Nla R•du#dan¢y M•t TM¢Mrftym•d• Mf•thxAt4ncy rIp￿1￿9 WriQ Nla Y¢$ No Nla Cr•dltor• No Nla ¥11gyJnt8 A kblyty * mwwql￿l￿nr*)n1t •J m•4swqd ai th• e*n•le al th• io IqIU• tr• t)t4Won ￿th9 Th• Gharfly 8¢¢￿j￿*br bo* Nna￿l*¥InJM•￿ on tr4Y•l M¢OgnMh)n￿ p•rpar4grnph 11.7 FR5102 SORP. &knoguonl m••Knm•rt i¥ li p•rpAr49r•ph 11.17 t• 11.19, FR8101 $ORP. Nlll In•tNrn•nl• No Nla 2.4 ASSETS T•nglbl* flM•d ••••ts fDr Thmo •re ¢￿1￿0 L4ed ygw. •ll•••l u¥• by ¢hirlly Tnty w• ¥th•d Yes No Nl• TMd•prtalhnral•i ano m•U￿dI￿d arn (Ix*•8a h not• 9.2. Tr• charliyh￿ Irrt•noft4• I￿•11•￿. ￿, ntI￿rn￿o￿8&Sthl IMtdoMI (YIe0￿ rfirrt* Th• •morths¥w rnt•i m8vK￿l u¥•1 •rn d•dosed In B.s Intln9lb)• nx•d No Tmy •r• ai cosL Nla l•rtt490 •1••1• ThB ehwllylws herfiwjq •swts. trAI i& llssot4I4itn gr¥sbc. •dgnlH< iqthnob9l¢AI. 9whyiWor 9￿￿111•8 lthkl 4r**•kl •8 4ndmdhod$ u1￿1 05 d18¢￿￿ kn nol• 9.6.1.4. Yes No Nl Y•$ No T￿ 41¢¥•1. Nla Imi••lm•rts •1 Irthltyal wsl and tsubsBquor• 41 IlhBlrmwkolvahJtri at lh• y qr5d, The sllme tr••knenii8 *ppIBd i0￿rI151•d Irfv*sImBn￿ ￿182$141rVa￿jS canw bè mFa5LTFd r•¥•bIylnw*ith N15 MWY￿r9d al roil In¥w¢rnqnlsh*d forrn8￿ry orpfjnth￿ th*4•kn4nd cBsh aThY ma￿￿1y￿B￿a c4118* 1*8n 1 yo8r •relro4tsd ay cuFr•r4 •ss•t th4Bylmfyntg ND Yes Nla 8to¢k¥ ind wvk In 510ths hely fDr5￿• ￿￿OI￿O￿d￿￿tab1•tr•o• •18 mowMr4d ai Ivowor¢o4torn* r￿1￿#b1•YalM. No Nla G¢od5 or serv*tspro¥th¢J ¢*wWB¥b¥ltyw• mqawJr•4 eirtslrn&B•tlq vDbJe b66•dcrtth• WonURI by11gm$ ofstoth. No Nla WNkln FvJw•s•l&v•ktodol cosl185s bs¥ th8t i$ftk*lo Ihp rontr•d. Ytts Nl8 No D•bl•rn Nla sèwemenl9rnoi￿ aftvrony *moL￿ Iha thdty. SWwnW. oywe mèaswed ai Inp c35hw0kn¥c￿¥￿JarnOOn be t8cqNBd. Curyenl 4SS•t Inv4slm•rt Thg C￿rVY￿a5 fn¥8strn6nts**￿h ILlx•Jsfc< res¥o01 p8ndng thok 8nd cathAnd cBgh fflw.udty dote IB$s Thp5g Induda casn t￿dEposSI0￿1 t45h 8qLiva1an￿wkn •m￿￿rity￿al0 olbss tr*n DnB yg•rh8bJlor uw6itmertKrtKPO848 f¥￿9rth0n 10 No Nla Yes No Nla T￿ ¥•vehJwd Blfakv•1￿￿ bA5kflrwMalll POLICIES ADOPTED AODinoNAL TO OR DIFFERENTFROM THOSE ABOVE Soctlon C Notos to thg accounts (conl) Noto 3 Analyslg ot Incom• Av¥lrf¢l•rf Vnr¢gtrf¢i•d Income Endo*Yn•nt ftm¢ bjr fLrTrrfs Anal I Donatlons and Ifts Gill ￿"d Le acies General grants prnildeif by governmenvother Chari￿es Memo¢r5h5p subsGriptlons and 3ponsor8Mps ieh are In substan¢• dDnalions TDtslfunds Prfory•ar Donetlon5 and legacles.. Donated Other Jds. laclllues and Tot•1 7.150 25,Sg0 Charftabl• actlvltles: AMCT Ball 410709 410709 Oth8r Total 410,709 410709 Other tradlng 4ctlvlllo8'. Olh•f Total Inroma from Inve6tm¢nts'. Inlawl theomp Dlvidend income Rental and leasln Olher 860 Incorne Tol•l 3.740 880 Separat• matsrlal Itom of Sncomo.. Total Olhor., Can￿rthn ol and0￿nent lund¥ Inio Ineomt Galn on disposal ol a langlble lixed a￿1 held for charil 8 0%sn use Galn on dlsposal of a pro9ramme relal&Y inve51rnenl Royaltles from the •xploltatlon of Intdhctu hts Olher Totsl TOTAL INCOME 421,599 Croys Add Etror 28.450 Olh•r Inlomi4tlon', All Inrome In th• prloryparw48 unT•Strlctsd ?￿9P1(￿l.. Iplèotyv pr¢)vld• dBs¢rlptlon and &mountsl Wh•r• anyonddwffjgntlund l• ¢othvprt•d Inl<4 InEvrD• In thv reportlnu porl•d. plaasè glv•thD rèasibn forth8 ¢onvers1on. Wherv any endo*mgnt luDd 1$ ¢¢nvort•d Inlv Inwm• In th• prlor perfodj plva5e the for th• ronv•rslon. wtlhln thé InBomo It8m• ibovg tho followlng Mems 4r• malerf41- Iplgaso dls¢lo¥e the nawrp, aMo￿nt and #ny prlor 4ramountsl CC178 IExcell 2010512025 Section C Notes to the accounts leonti Note 4 Analysis of receipts of governmènt grants Thls yoar D•scri Homes for Ukraln& sponsor granl tlon Govomment 9￿￿* I Govornmont grant 2 Govornrnent grnnt 3 oth•r Total 7.150 Last year Govornm$nt grant 1 G0￿mM￿nt grant 2 Govgrnm•nt grant 3 Other Doscrl tlon Homes for Ukraine sponBof granl Total 25.590 Thls Ple￿0 pwovlde dgt411$ ol•ny unlulfilled condltlons and oth ontlngencles altschlng to grants that have beo11 reeognjysed In income. Th18 La¥t Please givo d•talls of oth•rlornis of govemmentg$slstanco from **ich th• charltyhas dlrecdy bon•llted. CC17a (Excell 2010512025 Sectlon C Notes to the ac¢ounts (conti Note 6 Analysis of oxpendlturo Th15 year Last year ft•strf¢ted In¢•rn? R•gtrk Analysls Ex èndlturè on raisin lunds: Incurrèd seeklng d¢nallons Incurred seeklng I￿a¢jeS Inwrred Seeklng grants Operating membershlp sch¢me8 and SOCI81 lotter1•5 furbd8 ￿r￿irt￿t01 fund* lun Total 8laglng fundraislng avenls Fudralslng agents Op8r8ting chartty #hops Operating a tr￿ing company unctertaklng nowhartsble tradlng Adv8rtlslng. markellng. dirvcl mall and start up costs in¢urrerl In geneTatlThJ new sourcg ol fulura irKom8 Dèlaba6e develo5)rnenl costs Olhertradlng acllvill Inve$lment rnap.agemenl costs.. Portfollo mana emenl Eosts C06t al obtaining investmènt ad￿c• In￿Stment 8ilrnlnlstraUon costs Intelle¢lual property Ilc4ndng ¢ost8 Rent eellection, property ppalrn and malnl$nance ¢harges Total •xpendlttsr• on r418lng fundjj 29.508 29.505 Expendltur? on chBrltabJ• aetlvltlgs: D¢nallon8 111839 111 839 177002 177002 Total expondltwe on eharltablg O¢tlvltles 111 839 1118Y9 1770Q2 177 002 rate mat8rf01 Item of ex en9• Total othèr Webslle costs Bank cha 62 48 78 62 76 Total othor expendlture TOTAL EXPENDITURE 62 141.406 62 141,4Cfj 128 177.128 126 177,128 Other Inforrnatlon- Analysls of èxpondltur• on charltablv actlvltles CC17a IEx¢ell 10 20J0512025 Thls Grant lun41ng 01 act Last A¢1fv1tl•8 Actlvlty or pYopr•mm• Actlvlyo und8rt•kon dl StsppDrt Tot•1 th lundlng DI Support Qsts Total14st y••r Act1￿1 Aclivil 2 Oiher TDt•l CC17a (Excdl 2010512025 Sèction C Notes lo the accounts (conti Note 13 Grantmaking Please complete thts nole 11 the ch•xltymade anygrants ordonselons whleh In 4ggr•9•te fom? a malertalpart ofthe ch4ritabl• 4ctfviths undertak￿. Thls year: 13.1 Analysis of grants pald Iln¢lud•d In rost ot ¢h•rttabl• actl¥ltle¥) Qrnnts to In•tEtutlon8 Analysls Grants lo Indlvlduals Support eo$ts Total Donallon$ made 30 000.00 81 839.01 NIL 111839.01 or or Adv or ert4 Total 30.000 81.839 111,839 PleaBe •nlv"NH"IfthE charity does not Identify4n(Uordlorate support ¢08ts. 13.2 Grants m#d• to Inotitutlon$ Pl•asg pMvlde detalls of ch•rlty URL. My ¢harltyh•¥ m•de 9r•nts lo partkul*rlnstitutlons Ihat arn m•tgrl41 In the ontext of ils grnntfftaklng. D•talls of thè Instftulion 8UPPOrtod, PUrybOS• of th• grnnt and tot•lpald to eaeh Instllu¢lon Is avall•bl• on th• ch4rWs wvb slto. Yes Prnvlde d•talls below Nom98 of Institutlon The CancèrAwafftness Tru51 Puipos• Totsl amount ol rants ald £ 30.000 Donatlon Totalgrants lo Inst1tt4Uons in r¢portlngperlod Olherun8n4l￿•d 30.000 roTAL GRAiifs PAID CC17a (Excell 12 2010512025 Last year: 13.3 Anal sls of rants pald Ineludod Sn cosl of ¢harttabl• 4¢tlvltlo9 Grants to In¥titutlons Analys15 Grants to Indlvldual¥ Support co¥ts Totsl tkinatlDlls mad& 5,893.00 171.108.80 NIL 177,001.80 A¢ii%Aty or project 2 Actlvlty or prole¢l 3 Actlvity or prol&t 4 Tolal 6.893 171,109 177,002 Plwe ent•r"Nll" If the charttydoe8 not Menufy an￿Orall0c4te5uPportc0*l￿ 13.4 Grants rnadg to InstJtutlon• Pl•a5e PTovlde detalls olcharlty'¥ URL. My charity has made grants to p•rtkularln¥titutlons Ihat •r• m•ferf•l in the conlext oflts grantmakln9. Detalls ol the InJthution supported. Pu￿0$• of th• granl and tot&1 paid to ea¢h Instltutlon Is •vafi•bh on Vje Charitys web sit•. Y•s No Provld• d•tarfB below Names of Inètltutlon Ptsrpo8• Totsl amountol rants ald £ 803 Grfef en¢ounter SW charity North Sornerset Coundl Donauon Seafront Shelter te(urbl8hment 5,000 Total grants to Inst1￿110n$ In rvportlngperfod Olherun4nalysedgr4nts TOTAL GRANTS PAID S,893 CC17a (Excel) 13 2010512025 Section C Notes to the accounts (conti Note 14 Tanglble fixed assèts Please complete thls nots Ilthe ¢harlty has ￿ytangIble flxed•ssets 14.1 Cost or valuatlon Fr••hold laryl & hulldSngs Oth?r land & bulldlngs Plan( rna¢hlnory at)d motor vehS¢1ty3 Flxtures, Ilttlnus 8qulpmont Total At the beglnnln9 Ollhè year Addlllons Revaluallon8 DispD5alg TTan5f8rs" 4,400 4.400 Al end ollhe y8ar 4,400 4,400 14.2 D•prn¢latlon and Impalrni•ntts ~Basl$ SL or R8 {Slraighl L4ne or Reduclng 8alancel SLorRB SLorRB SLorRB SLorRB Al beglnnlng of the year Dlsposa18 4.400 4,400 Dgpr•clatlon Impalrmenl Transfer¥. Al gnd ofth8 ￿ar 4,400 4.400 14.3 Not bolik value Nel book v4lue al the beglnnlng of thp year Net book valu• al the end of th& year CC17a (Exc811 2010512025 14.4 Impalmignt Thl8y•ar.' Pleasepmville a des¢riptlDn of the events and elreufflst4nces that l•d to the r¢¢ugnltlon orrevetsal of an Impalrnient loss L￿tY•{r.. Please prnvld¢ a d•serlprfon ofth• •v•nts and¢1￿UMstanC￿ th•t lefl to tho rncognlth)n or rever3al of •n Impalnn¢nt loss. 14.6 Rwaluatlon M•n accountlngpollcy olmvJluatlon Is adoptedi pl*￿ep￿vld?.' th• •ffeetlve date olthe rovaluatlon Thls Last ar th• nam• ofind¢pend•nt v4lu•r. If appll¢able th• methods appll*d an41 ¥lgnKlc•nt •ssumptlon# th• canylng •mount th8t would hav•lM•n rn¢0gnls•dh•d th• ass•ts be ¢arf•d undorthe Cost model. 14.6 Oth•r dlsclosu Th16 y•4r Last year fi) Pl44se stale the amount of borrowlng ¢osts. Irany. capAtsll••dln th• conslm¢tlon ol tanglble flxed assets and th¢ capl¢ali$ailon rate used. {ilJ Pleaseprovlde Ihe afftount of eontrn¢lu* ¢ommlbnents lorlh• *equlsition of tanqible flxed asséts. (114 Dètalls olfh• exlsl•n¢e and c•nyln9 amounts ofprop•rty. pl•nt and equlpment to whlch Ihe ch•rltyh*s r•stii¢tod f(Ue orfhatAr•pledged security lor1147blllties. ' The yr8nslers.row Is formovemgnls behv88n fiKedass81 c8t8gori ' Pleasg Indlcatg Ihe method ol depwlgHon by dBleting the methodnot eppllcable (SL 4 strnwtline.. RB= r8ducyng b81onGe). Also please Indicats tho rale of dep￿18110n.' forstraightline. wh* is Ihe 8nfWated lifo of the osset fin y8atsJ," forrndutring bgJ8ncg. what is the per￿n1¥ge 8nntJal dodueh"on. CC17a (Excell 15 21)1051202S Section C Notes to the accounts (contl Nota 19 Debtoys and prepawnents Please eomplete thls note If the charity has any debtors orprepayments. 19.1 Analys18 of debtor8 This year Last year Tradg debtor8 Prepayments and accruod income Other dobtorg 2,375.0 2,375.0 621.0 621.0 Total Please complete 19.2 whern a malgrfal debloris recovernble morn Ihan a yaarafter the ry>ortsng date. 19.2 Analy818 of debtors recoverable In more than 1 year (includ•d In debtors abovel This year Last year Trade d•btor8 Prepayments and accrued incomo Other debtors Total CC17a (Excell 16 2010512025 Section C Notes to the accounts (cont) Note 20 Croditors and accruals Please complote thls note If the charfty has any cr8dtlors or accruals. 20.1 Analy6ls of crnditor8 Amounts falllng duo withln one year Thls year Last y&ar Amounts falling due qfter more than one year Thi¥ year Last year Accruals for grants payablg Bank loBn¥ and overdrafts Trade ¢redltor8 Payments recelved on account for contracts or p•rfomianca-relatod grants Accruals and defvffed in¢om• Taxation and Boclal socurlty other ¢redltors 56,755 1,477 35,608 Tolal 20.2 Doferred income Please Complele thls nole If th• charlty has defarred income. This ear Last ar Payments to attend Nov 23 ball whlch Is to be reportod In July 2023 accounts Please explaln the reasons why Income Is deferre(L Movement In d•ferredAncome account This year Last year Balance at the stsrt of the reporting period Amounts added In curr8nt Pgrfod Amounts releas?d to Income Irom previou¥ period Balance at the ond of the reporting perlod 56,755 56,755 56,755 56,755 CC17a (Excell 17 201051202 Section C Notes to the Bccounts conll Nots 24 Cash at bank and In h•nd Thlj yoir LN5t ymr Shortt•rm caBh Invwthi•nl•11148 than J morth¥ m•tuvlty dat•1 Shortteym depD$It$ Cish at b•nk end hand Other rotal 314.518 126,9fy5 eC17a (Exell 2010512025 Sectlon C Notes to the accounts Iconti Note 27 chart funds 27.1 D¢lalls of materlql fund$ held and rnov•m•nt¥ durJn9 thp CURRENT r•portlng pèrlod PIu8é glvo rfetsll¥ ofthe M0￿ments olm•Mrf•l 1nd1v1￿￿OI1￿nds In th• rnPOftlngper￿￿ tQ4•lhorwllh • b•10￿1￿9 Ilgur• for V¢h•rfvndi'. Th• Toi•llunds'flllur• b•lowshovldr6¢onGll• to Totèlfunds'ln the blan•￿ 8h••t. 'K8y.' PE-p•rm8n•nt•ndowm•nt fuDd•,' EE- vxp8ndllJf• ￿0￿m￿lIfUftd¥.. R- r•$irt￿l￿￿ffl• fund•, In&ludlng*pgclaltrvth ofth? ch•rfty,' Ind U- Unrn$lrlcl•d un balinc&s rrtod lo￿4rd Typ• PE, EE RtsrUR' l•nceB brought foTh¥ard Purpo¥• •nd ft•*¢rf¢¢lon 041n8 •nd 1oJ¥ei Incom• Fund nimo1 Unr89rS¢i•d Expondlture TrnnJf•rs UR UnTrulrfcl¢d lundB 421599 315410 Oth•rfunds Nli Nfa T1￿[ Funds 35.223 421.59 141,406 315,416 CC173 (E￿11 19 201051202S plo 27 Charit fun41 27.1001411¥ ￿ m•tsrt41 funds h•ld ind mOVllm•nts durfnll thp PREW¢XJSrtpo￿n9 p•rlDd T￿•P¢eÉ R•rUR' P¥ry•••AndRHIrfth bmu• lanwr4 YMfi*r* Id UR otsy•rldrnrf• T•tsiFwndi 115.900 .121 ¢C171 IEx¢i 20thfiQ15 SectlDn C Notes to the accounts IcDnti Noto 28 TransaCtiti￿ wlth trustees ar￿ related partiès Illhe charltyhas anytAnsa¢llons wAth rdatetlpartlps (olherthan thotNs¢e• exp￿$￿ fyxplaltttrdin gUIda￿¢t noi•sJ d6t•il$ of such ItansadknnsshtyulaTb8 provirf¢dln thls not4 Ifihern•r¢no tran¥4¢tlDns to report& pleaswwjler YnM"In th• box Or "F8ls•-Mlhwv •re ¢0 rnport 28.1 Trustee r#munerntion and beneflts Thls year None ofth¢ trusteos hAva b••n pald any rnmunwatlDn or r•ulv•d any othBTb•n•ffls Imm an qmploym8nt wlth th•lr charlty ora vela1￿ ontjty (True or F•ls•l TRUE IR thoperiod ¢harItyhasp￿d1n￿¢s rwnvn*rfion aRdben•lll& FI*￿ th¥amouftt ol, andlogalauthorltylor. any rnm¥n¢r•llon orotherbongfftspaldlo * tnMts•hylh•¢harltyoranylnsiithrtlon or¢oryarty¢onneel•dwlth IL Amounts p•ld or bonofitvalu• R•mun•rntl•n N•m• oftruth• Lo9•1 authorfty l•ll ordor. gov•rnlng dtscwmnt) P•n41on nblbuuon Il•dund*n Othor TOTAL Plo•strgl¥o d•¢•h ofwhyrnmu*wthR oroth•r•mployTh•nt bvnvffts w•r• pald. •re en p•ym•nih8s b••n lo a 1ry8¢••, provlda 4n expl&n•tlon olth•n•iur• of th• p•ym*nl. Lastyear None olth• tN¥t••s hiv• b••n r•mun•rntlon or r•c•l¥•d any thh•r h•D•fts frnrn an •mploym•ntwlth th•lr chjrlty or * r•l4t•d •nllty ITnx or Fals•l TRUE In th*￿110￿ tb• ¢h•r1tyh￿P•1rf1nthfo9J r•mun•r•lhn 1ndh￿01￿$. FI*￿ gfv• th•anwftt gl, andhN•lauthorffylor. •ny In•r•llon grolhvlJ•n•ntsp•ldlo• thi$t•• Wy Ilr• ch•rtyoranythsittuHon vrcomp•nyconn•el¢dwlth 11. Amoynts pald or bonofft ¥•lu• P*n￿On ¢•nlrfbuN•n Oth•r TOTAL of tru•ts• L•gal aulhorlty l•B ord•r, qo¥•mlng do¢um•n¥ Iln¢ludlJw loii of oincoll•x grNtI• boTroffts wer¢ p81d. Wh•r• an ￿9￿11•Pa￿￿&￿l h•s modo toa trusle4 provld• expl8ft•llon of the ttatum of th?￿y￿ant. CC178 (Exce 21 2ty0512Q26 28.2 Tru¥lees' •xpens Mfho ¢hailty h•spaldlrusts•s e¥p¢nsey forfullllllngfh•lr duiivs. dolalls olsuth tran￿¢t￿S shQu￿b+P￿Ylr18rf1Tr Ihls nol•. Ilther¢ •r8 n¢+ Ir47nsaetsun$ lo r•parttr ple•se eRter"TryM"h th•boxbvlow. Ilthern •r• tr4fts•c*h¥fts lo Trport, ple•so eoter No trusteo •xpen8•s hawo b•on IKury•d ITTh••r F￿se1 Type of •xp•n5qs relmbuYs•d Thh year L•st yMr Travol Subsl$tonc• AGrommoda11on Othorlpleq¥¢ lpiclfyl: TOTAL Pl••s• Pfovld¢ th& number of trust•o• r•lmbknrs•d fvr Dxpon*o or*tho had •xp¢n¥Hi pald by tho ehir 28.3 Transaellonlsl wSth r•lat•d partlo* Please glva dolalls of •nyir•ns4¢tlun und•rt•knn bv foron ts•￿￿01) ih• ¢harftyln whkh • rnl•twJpJrtyh•s• m•terf&l Int•rnst. Includlng h•v• b•vn h8ld•• a4•￿ forr•l•l•dpartles. Ifthw• m nv¥uclp Ir*TnsacllvnsJ ple•¥• •rthr Yme'ln th• hoxpffjvld•LI, Thls yèar Thero hav• b•en no r•li¢od p•rtytr4ng•¢UonA In th• r•portkny port¢xl ITN• or F•li•l FALSE Amounts wjrttton off durlng r•porttng Name of Ihv tru¥lo• or r•lat•d party Rolallonghlp ¢0 rhaFIty D•¥Erlptlvn of th• tr4nswctlon($l 9114nc• at pBrl•d •nd Provknlon foF bad rfibts At p•rlod •nd Afflount Grand PS8r A comp8ny undercohtrol of trustees. Monlgj ow8d to GrarKt Fler. C*n occ&sions b Incomo and eyp¢n505 are d¢oN *ilh Gr4nd Pier k acco¥ni. resutting In an 18t•nding balanc• 37,085.24 1,476.95 In rel•llon to thg Ir¥n51Ctlons •bpve. ple*¥•pmwlde Ihe tsrn •nd tondHlons, Includlng pnysecutlty4ndlhe nalur• of any ymont(eonsldgrntlonJ to beproWdedlns•ttlemeni. 1*1 iry ¥vgn •n0dlmL￿kn3 lo iruJl orGr•rKI Pier pRld Forattyrelat¢dpaty, ple￿0￿￿¥1￿•de1a1ts or•nyguar4n*05 gfven orrec8lve 2010512025 ## **Independent examiner's report on the accounts** **Section A Independent Examiner’s Report** |**Report to the trustees**|**Report to the trustees**|**Report to the trustees**|**Report to the trustees**|Charity Name
Axentis Michael Charitable Trust| |---|---|---|---|---| |**On accounts for the year**|31 July 2024
**Charity no**|1116441| |---|---|---| |**ended**|**(if any)**|| |||| |**Set out on pages**|1-23|| ||(remember to include the page numbers of additional sheets)|(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 31 July 2024.|| |**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 ACCA. 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:**|~~ed~~|**Date:**22 May 2025
~~|~~|**Date:**22 May 2025
~~|~~| |---|---|---|---| |**Name:**|Michelle Parsons||| ||||| |**Relevant professional**|ACCA/ CTA||| |**qualification(s) or body**|||| **Oct 2018** 1 **IER** ## **(if any):** **Address:** First Floor, Unit 9 Morston Court, Aiescome way BS22 8NG ## **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**