Minerva Northumberland Ltd
Annual Report and Financial Statements for the
2024 financial year.
(1st December 2023 to 30th November 2024)

Contents
Page
Reference and administrative details
Trustee's Report
Profit and Loss Account
Balance Sheet
Detailed Receipts and Payments Account
Notes to the Financial Statements
9-10

Minerva Northumberland Ltd
Reference and Administrative Details
Charity Name
Minerva Northumberland Ltd
Charity Registration Number
1134010
Company Registration Number
4601819
Principle office
Minerva Centre
17 Hallstile Bank
Hexham
Northumberland
NE46 3PG
Registered office
Minerva Centre
17 Hallstile Bank
Hexham
Northumberland
NE46 3PG
Trustees
Frank Celino
James Maughan-milligan
Stine Steward
Jane Wrighton {resigned 17109/241
Ralph Wrighton (resigned 17/09/241
Agneska Rudnick
Martin Brunskill (appointed 1612/241
Margaret Maughan (Centre Manager)
Bankers
Lloyds Bank PIC
11 Cattle Market
Hexham
NE46 IPA
Independent Examiner
NRV Tax Ltd
Chartered Certified Accountants
Ashis Roy Bsc, FCCA

Minerva Northumberland Ltd
Trustees Report
01112123 to 30111124
The trustees present the directors report and financial statements for the year ended 30
November 2024 which are also prepared to meet the requirements for a directors, report and
accounts for Companies Acts purposes.
th
Structure, Governance and Management
Governlng Document
The organisation Is a charitable company limited by guarantee, incorporated on and registered
as a charity on the 3rd of February 2010. The company was established under a Memorandum
of Association which established the objects and powers of the charitable company and is
governed under its Articles of Association.
Recruitment and appointment of Dlrectors
The Directors of the Company are also charity trustees for the purposes of charity law under
the company's articles. Under the requirements of the Memorandum and Articles of
Association, the members of the Management committee are elected to serve.
Inductlon and Tralnln8 of Trustees
Trustees are inducted and trained to be fully familiar with the Charities aims and operations.
Public Beneflt
The Trustees have complied with their duty to have due regard to the guidance on Public
Benefit, as published by the Charities Commission, whilst exercising their powers or duties.
ObJectlves and Actlvltles
The Charity's objectives are to advance the education and skills of people with different
learning abilities by provision of training, consultancy and other relevant support services.
We aspire to develop individual strengths and build on self-esteem and self-confidence through
the courses and practical work experience offered. The courses provided are in the areas of
creative studies; ranging from photography to silk-screen printing to painting on various
substrates with different media.
Each student is encouraged to produce bespoke work which springs from their own
imagination, inspiration and enthusiasm. The students all have the opportunity to display these
artworks at various exhibitions and shows, and also to be showcased in the Minerva shop when
put on display and can be purchased, if the student so wishes to sell their items. This also
encourages the student to learn, in a small way, about the process of making and selling goods

for the public in a retail environment, as well as increasing the students social skills and
interaction with customers
Achievement5 and Financial Performance
The achievements are continuously reported in the Charity's Newsletters, social media and our Website
minerva-centre.co.uk.
Overall, our income £36,817 reduced by 36% over last yearfs income. This was entirely due to a
reduction in grants and donations received, in particular grant funding from the National Lottery to staff
the Minerva shop which ended in 2023. Sales revenue, both through the shop and direct sales, continue
to grow strongly with a 28% year on year increase. The reduction in grant funding resulted in a
challenging financial situation for the Charity and several steps were taken tb mitigate this, in particula r
al ending the 2 shop staff positions (the shop is now staffed by volunteers) and b) increasing the student
fee charges for the first time in several years. As a result our payments reduced by 31¥0 compared to
last year while our Student Fee income increased by 5%.
Overall the Charity made a1055 of £10,158.89 in the year, there were net cash outgoings of £3,072.01
and reserves fell to £2,892.43. However the first 8 months of the 2024/5 financial year have been
extremely encouraging, with £14,200 received in grant and donations in those 8 months. Total reserves
have also increased to over £8,000 by the end of July 25,
Reserves Pollcy
We aim to build and retain unrestricted reserves equivalent to two months running costs in order to be
able to cover unplanned emergency repairs and other expenditures.
Volunteer Involvement
Minerva relies heavily on a significant contribution from volunteers. We record and thank them for their
contribution which is essential for the centre's very existence. Their contributions, which range from
tutoring, housekeeping, operating the shop, assisting with various classes and transport are essential to
keep Minerva running and cannot be underestimated.
Responsibilities of the Management Committee
The Management Committee shall manage the business of the Charity and may exercise all the powers
of the Charity unless they are subject to any restrictions imposed by the Act, the Memorandum, the
Articles or any special re501ution.
No alteratlon of the Memorandum or the Articles shall retrospectively invalidate any prior act of the
Committee,
Any meetin8 of the Committee at which a quorum is present at the time the relevant decision is made
may exercise all the powers exercisable by the Committee.
Company Law requires the Management Committee to prepare financial statement5 for each financial
year which give a true and fair view of the state of affairs of the charitable company as at the balance
sheet date and of its incoming resources and application of resources, including income and
expenditure, for the financial year.
In preparation of the financial statements, the management committee should follow best practice and;
11 Select suitable accounting policies and then apply them.
2} Make judgements that are reasonable and prudent.

3) Prepare the financial statements on a going concern basis unless it 15 inappropriate to assume
that the company will continue on that basis.
The Management Committee is responsible for maintaining proper accounting records which disclose
with reasonable accuracy at any time the financial position of the charitable company and to enable
them to ensure that the financial statements comply with the Companies Act of 2006. The Management
Committee is also responsible for safeguarding its assets of the charitable company and hence for taking
reasonable steps for the detection and prevention of fraud and other irregularities.
This report has been prepared in accordance with the small companies regime under the Companies Act
of 2006.
Centre staff @ August 2025
Mana8er:
Margaret Mau8han
Tutors:
Margaret Maughan
Mandy Ledger
Cara Fraser
Sue Gallagher
Pat Brew
Fiona Bernhoeft
Administrator:
Jenny Brew {From 13/5/241
Fundraiser
Clare Byrne {From 514/24)
This report was approved by the trustees and signed by Martin Brunskill on their behalf on the
Trustees.
Print Name: MARTIN BRUNSKILL
Signature
Date
28th August 2025
Martin Brunskill
Trustee

Minerva Northumberland Ltd - Profit and Loss Account
From 01
12
2023 to 30
11
2024
202312024
202212023
Income
Student Fees
Sales (shop and directl
Grants/Donation receipts
Total Income
Expenditure
£22,877.44
£7,211.41
£6,728.50
£36 817.35
£21,700.00
£5,633.95
£30,578.82
£57 912.77
Payments
(Increase) in stocks
Accounts payable/accruals
Depreciation
Total Ex
enditure
Net loss for the year
£39,756.92
£0.00
£6,137.50
£1,321.82
.24
-£10,398.89
£57,455.05
-£1,300.00
£1,521.81
£1,607,28
9 284.14
-£1,371.37
Mlnerva Northumberland Ltd - Balance Sheet as at 30th of November
2023
2023
Tanglble Flxed Assets (Note 2)
£5,287.29
£6,429.11
Current Assets
Stocks and Work in Progress
Bank Current Accounts
Debtors (Note 31
Total Assets
£2,500.00
£870.20
£132,44
£8,789.93
£2,500.00
£5,644.02
£o,00
£14,573.13
Creditors: Amount falling due
within one year (Note 4)
Net Total Assets
£6,137.50
£1,521.81
£2,652.43
£13,051.32
Member5 Funds
Profit and Loss account
Total Members Funds
£2,652.43
£2.652.43
£13,051.32
£13,051.32
Signature
Martin Brunskill
Trustee
Independently examined and verified by: NRVTax Ltd
Signature
Ashis Roy Bsd1*Éc￿ (Aug 28, 2025, 3..28pml
Signed on the 28th August 2025

For the accounting period ended on 30 November 2024, Minerva Northumberland Ltd was
entitled to exemption from audit under section 477 of the Companies Act 2006 relating to
small Companies. The trustees and staff-members have not required an audit under section
476 of the same Act.
The trustees, staff and manager acknowledge their responsibility to for complying with the
requirements of the Act with respect to accounting records and for the preparation of
accounts.
These accounts have been prepared in accordance with the provisions pf the small companies,
regime and the Financial Reporting Standard for Smaller Entities (FRSSEI 2015.
Minerva Northumberland Ltd - Detalled Recel ts and Pa
ments Account
From 01
12
2023 to 30
11
2024
Amount (£s)
Recelpts
Student Fees
Shop Sales
Other inc Printing
Unrestricted donations
Restricted donations
Total
£22,745.00
£3,994.61
£3,216.80
£6,228.50
£500.00
£36,684.91
Payments
Wages inc. shop wages
Employers Pension
Staff Training
Petty Cash/other expenses
Repairs and Maintenance
Activity Resources
Postage/Stationary
Telephone Mobile and Broadband
Student Refreshments
Manager, administrator and tutors fees and expenses
IT Software and consumables
Rent and Rates
Heat Light and Power Bills
Card Machine fees
Student commission
Audit and accountancy fees
Total
£8,705.49
£337,66
£331.20
£2,016.19
£3,052.45
£1973.03
£145,20
£1,015.19
£1,156.47
£12,879.49
£909,71
£5,297.10
£1,181.24
£485.50
£ioo.00
£171.00
£39,756.92
Yearfs receipts and payments deficit
-£3,072.01

Minerva Northumberland Ltd
Notes to the Flnancial Statements
Note l Employees
2024
2023
Average number of employees in the period
Note 2 Tangible Flxed Assets
Plant & machinery
including motor
vehlcles
Flxtures,
Flttings and
equipment
Total
Cost
As at l December 2023
Additions
As at 30 November 2024
10,673.00
0.00
10,673.00
12,543.92
180.00
23,216,92
180.00
23,396.92
12,723.92
Depreciatlon
As at l December 2023
Charge for the year
As at 30 November 2024
10,673.00
0.00
10,673.00
6,114.81
1,321.82
7,436.63
16,787.81
1,321.82
18,109.63
Net book value
At 30 November 2023
0.00
6429,11
6,429.11
At 30 November 2024
0.00
5,287.29
5,287.29
Depreclation is provided on tangible fixed assets so as to write off their cost, less any residual
value, over their expected useful economic life on a 200A reducing balance basis.
Note 3 Debtors: Due within one year
2024
2023
Student Fees
132.44

Note 4 Creditors: Due wlthln one year
2024
2023
Taxation and social security
Trade creditors
Accruals and deferred income
Total
0.00
5,897.50
240.00
700.40
0.00
821,41
6,137.50
1,521.81
10