M5nine Community Projects
Charity No. 1125819
Trustees' Report and Unaudited Accounts
31 March 2025
M5nine Community Projects Contents
| Pages | |
|---|---|
| Trustees' Annual Report | 2 |
| Statement of Financial Activities | 4 |
| Balance Sheet | 5 |
| Statement of Cash flows | 11 |
| Notes to the Accounts | 6 to 10 |
| Detailed Statement of Financial Activities | 12 to 13 |
Page 1
M5nine Community Projects Trustees Annual Report
The trustees present their report with the unaudited financial statements of the charity for the year ended 31 March 2025.
REFERENCE AND ADMINISTRATIVE DETAILS
Charity No. 1125819
Principal Office
Northway Hub 17 Church Street Tewkesbury Gloucestershire GL20 5PD
Trustees
The following trustees served during the year:
L. Else
L. Watkins
Accountants
Amstone Management Limited
Powys Lodge 6 Court Road Strensham Worcestershire WR8 9LP
PLANS FOR FUTURE PERIODS
There are no plans to change the way that the charity operates in the foreseeable future
Statement of trustees' responsibilities in relation to the financial statements
The charity trustees are responsible for preparing a trustees' annual report and financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011, the applicable Charities (Accounts and Reports) Regulations, and the provisions of the Trust deed. The Trustees are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.
Signed on behalf of the charity's trustees
L. Else
Page 2
M5nine Community Projects Trustees Annual Report
Trustee
24 November 2025
Page 3
M5nine Community Projects Statement of Financial Activities
for the year ended 31 March 2025
| Notes Income and endowments from: Donations and legacies 3 Total Expenditure on: Charitable activities 4 Other 5 Total Net gains on investments Net income Transfers between funds Net income before other gains/(losses) Other gains and losses Net movement in funds Reconciliation of funds: Total funds brought forward Total funds carried forward |
Unrestricted funds |
Total funds | Total funds | |
|---|---|---|---|---|
| 2025 | 2025 | 2024 | ||
| £ | £ | £ | ||
| 26,313 | 26,313 | 28,161 | ||
| 26,313 | 26,313 | 28,161 | ||
| 1,090 | 1,090 | 200 | ||
| 18,022 | 18,022 | 18,140 | ||
| 19,112 | 19,112 | 18,340 | ||
| - | - | - | ||
| 7,201 | 7,201 | 9,821 | ||
| - | - | - | ||
| 7,201 | 7,201 | 9,821 | ||
| 7,201 | 7,201 | 9,821 | ||
| 12,636 | 12,636 | 2,815 | ||
| 19,837 | 19,837 | 12,636 | ||
Page 4
M5nine Community Projects Balance Sheet
at 31 March 2025
| Charity No. 1125819 Fixed assets Tangible assets 7 Current assets Cash at bank and in hand Creditors:Amount falling due within one year 8 Net current assets Total assets less current liabilities Net assets excluding pension asset or liability Total net assets The funds of the charity Restricted funds 9 Unrestricted funds 9 General funds Reserves 9 Total funds Approved by the trustees on 24 November 2025 |
2025 £ - 22,348 22,348 (2,511) 19,837 19,837 19,837 19,837 19,837 19,837 19,837 |
2024 £ - 16,594 |
|---|---|---|
| 16,594 (3,958) |
||
| 12,636 12,636 |
||
| 12,636 | ||
| 12,636 | ||
| 12,636 | ||
| 12,636 | ||
| 12,636 | ||
And signed on their behalf by:
L. Else Trustee 24 November 2025
Page 5
M5nine Community Projects Notes to the Accounts
for the year ended 31 March 2025
- 1 Accounting policies
Basis of preparation
The financial statements have been prepared in accordance with Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic if Ireland (FRS 102) issued on 16 July 2014 and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011.
Change in basis of accounting or to previous accounts
There has been no change to the accounting policies (valuation rules and method of accounting) since last year and no changes have been made to accounts for previous years.
Fund accounting
-
Unrestricted funds These are available for use at the discretion of the trustees in furtherance of the general objects of the charity.
-
Designated funds These are unrestricted funds earmarked by the trustees for particular purposes. Revaluation funds These are unrestricted funds which include a revaluation reserve representing the restatement of investment assets at their market values.
-
Restricted funds These are available for use subject to restrictions imposed by the donor or through terms of an appeal.
Income
-
Recognition of Income is included in the Statement of Financial Activities (SoFA) when the charity income becomes entitled to, and virtually certain to receive, the income and the amount of the income can be measured with sufficient reliability.
-
Income with related Where income has related expenditure the income and related expenditure is expenditure reported gross in the SoFA.
-
Donations and Voluntary income received by way of grants, donations and gifts is included in the legacies the SoFA when receivable and only when the Charity has unconditional entitlement to the income.
-
Tax reclaims on Income from tax reclaims is included in the SoFA at the same time as the donations and gifts gift/donation to which it relates. Donated services These are only included in income (with an equivalent amount in expenditure) and facilities where the benefit to the Charity is reasonably quantifiable, measurable and material.
Volunteer help The value of any volunteer help received is not included in the accounts. Investment income This is included in the accounts when receivable. Gains/(losses) on This includes any gain or loss resulting from revaluing investments to market value revaluation of fixed at the end of the year. assets Gains/(losses) on This includes any gain or loss on the sale of investments. investment assets
Page 6
M5nine Community Projects Notes to the Accounts
Expenditure
-
Recognition of Expenditure is recognised on an accruals basis. Expenditure includes any VAT which expenditure cannot be fully recovered, and is reported as part of the expenditure to which it relates.
-
Expenditure on These comprise the costs associated with attracting voluntary income, fundraising raising funds trading costs and investment management costs. Expenditure on These comprise the costs incurred by the Charity in the delivery of its activities and charitable activities services in the furtherance of its objects, including the making of grants and governance costs.
-
Grants payable All grant expenditure is accounted for on an actual paid basis plus an accrual for grants that have been approved by the trustees at the end of the year but not yet paid.
-
Governance costs These include those costs associated with meeting the constitutional and statutory requirements of the Charity, including any audit/independent examination fees, costs linked to the strategic management of the Charity, together with a share of other administration costs.
-
Other expenditure These are support costs not allocated to a particular activity.
Trade and other debtors
Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities. In the Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the company's cash management.
Trade and other creditors
Short term creditors are measured at the transaction price. Other creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.
Receipt of donated goods, facilities and services
All donated goods, facilities and services received are recognised within incoming resources and expenditure at an estimate of the value to the charity.
Page 7
M5nine Community Projects Notes to the Accounts
2 Statement of Financial Activities - prior year
| Income and endowments from: Donations and legacies Total Expenditure on: Charitable activities Other Total Net income Net income before other gains/(losses) Other gains and losses: Net movement in funds Reconciliation of funds: Total funds brought forward Total funds carried forward 3 Income from donations and legacies 4 Expenditure on charitable activities Expenditure on charitable activities Governance costs |
Unrestricted £ 26,313 26,313 Unrestricted £ 90 1,000 1,090 |
Unrestricted funds 2024 £ 28,161 28,161 200 18,140 18,340 9,821 9,821 9,821 2,815 12,636 Total 2025 £ 26,313 26,313 Total 2025 £ 90 1,000 1,090 |
Total funds 2024 £ 28,161 |
|---|---|---|---|
| 28,161 200 18,140 |
|||
| 18,340 | |||
| 9,821 | |||
| 9,821 | |||
| 9,821 2,815 |
|||
| 12,636 | |||
| Total 2024 £ 28,161 |
|||
| 28,161 | |||
| Total 2024 £ 200 - |
|||
| 200 |
Page 8
M5nine Community Projects Notes to the Accounts
5 Other expenditure
| Employee costs Premises costs General administrative costs Legal and professional costs 6 Staff costs Salaries and wages Social security costs Pension costs No employee received emoluments in excess of £60,000. 7 Tangible fixed assets Cost or revaluation At 1 April 2024 At 31 March 2025 Depreciation and impairment At 1 April 2024 At 31 March 2025 Net book values At 31 March 2025 At 31 March 2024 8 Creditors: amounts falling due within one year Other taxes and social security Accruals |
Unrestricted £ 13,311 3,497 85 1,129 18,022 2025 12,936 318 57 13,311 2025 £ 620 |
Total 2025 £ 13,311 3,497 85 1,129 18,022 £ 5,635 5,635 5,635 5,635 - - |
Total 2024 £ 14,004 2,950 201 985 |
|---|---|---|---|
| 18,140 | |||
| 2024 14,004 - - |
|||
| 14,004 | |||
| £ 5,635 |
|||
| 5,635 | |||
| 5,635 | |||
| 5,635 | |||
| - | |||
| - | |||
| 2024 £ - |
|||
| 1,891 | 3,958 | ||
| 2,511 | 3,958 |
Page 9
M5nine Community Projects Notes to the Accounts
9 Movement in funds
| Restricted funds: Unrestricted funds: General funds Total funds 10 Analysis of net assets between funds Net current assets 11 Reconciliation of net debt Cash and cash equivalents Net debt |
At 1 April 2024 12,636 12,636 |
Incoming resources (including other gains/losses ) £ 26,313 26,313 Unrestricted funds £ 20,457 20,457 At 1 April 2024 £ |
Resources expended £ (19,112) (19,112) Restricted funds £ (620) (620) Cash flows £ |
At 31 March 2025 £ 19,837 |
|---|---|---|---|---|
| 19,837 | ||||
| Total £ 19,837 |
||||
| 19,837 | ||||
| At 31 March 2025 £ |
||||
| 16,594 | 5,754 | 22,348 | ||
| 16,594 16,594 |
5,754 5,754 |
22,348 | ||
| 22,348 | ||||
| 12 Commitments Operating lease commitments Annual commitments under non-cancellable operating leases 2025 Land and buildings £ Operating leases with expiry date: Pension commitments The pension cost charge to the charity amounted to: |
are as follows: 2025 Other £ 2025 £ 57 |
2024 Land and buildings £ |
2024 Other £ 2024 £ - |
Page 10
M5nine Community Projects Statement of Cash flows for the year ended 31 March 2025
| Cash flows from operating activities Net income per Statement of Financial Activities Adjustments for: Decrease in trade and other payables Net cash provided by operating activities Net cash from investing activities Net cash from financing activities Net increase in cash and cash equivalents Cash and cash equivalents at the beginning of the year Cash and cash equivalents at the end of the year |
2025 £ 7,201 (1,447) 5,754 - - 5,754 16,594 22,348 |
2024 £ 9,821 - |
|---|---|---|
| 9,821 | ||
| - | ||
| - | ||
| 9,821 | ||
| 6,773 | ||
| 16,594 | ||
| Components of cash and cash equivalents | ||
| Cash and bank balances | 22,348 | 16,594 |
| 22,348 | 16,594 |
Page 11
M5nine Community Projects Detailed Statement of Financial Activities
for the year ended 31 March 2025
| Income and endowments from: Donations and legacies Total income and endowments Expenditure on: Charitable activities Total of expenditure on charitable activities Employee costs Salaries/wages Employer's NIC Pension costs Premises costs Rent General administrative costs, including depreciation and amortisation Bank charges General insurances Sundry expenses Legal and professional costs Accountancy and bookkeeping Other legal and professional costs Total of expenditure of other costs Total expenditure Net gains on investments Net income Net income before other gains/(losses) |
Unrestricted funds 2025 £ 26,313 26,313 26,313 90 1,000 1,090 1,090 12,936 318 57 13,311 3,497 3,497 85 - - 85 882 247 1,129 18,022 19,112 - 7,201 7,201 |
Total funds 2025 £ 26,313 26,313 26,313 90 1,000 1,090 1,090 12,936 318 57 13,311 3,497 3,497 85 - - 85 882 247 1,129 18,022 19,112 - 7,201 7,201 |
Total funds 2024 £ 28,161 |
|---|---|---|---|
| 28,161 | |||
| 28,161 200 - |
|||
| 200 | |||
| 200 14,004 - - |
|||
| 14,004 | |||
| 2,950 | |||
| 2,950 | |||
| 82 26 93 |
|||
| 201 | |||
| 840 145 |
|||
| 985 | |||
| 18,140 | |||
| 18,340 - |
|||
| 9,821 | |||
| 9,821 |
Page 12
M5nine Community Projects Detailed Statement of Financial Activities
| M5nine Community Projects Detailed Statement of Financial Activities |
|||
|---|---|---|---|
| Other Gains Net movement in funds Reconciliation of funds: Total funds brought forward Total funds carried forward |
- 7,201 12,636 19,837 |
- 7,201 12,636 19,837 |
- |
| 9,821 | |||
| 2,815 | |||
| 12,636 |
Page 13