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2024-03-31-accounts

Docusign Envelope ID: 1D6808E5-84B7-4D7B-BCC4-2AE6F362541A

Charity Number: 1143181

THE MIDCOUNTIES CO-OPERATIVE COMMUNITY FUND

TRUSTEES' REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

Docusign Envelope ID: 1D6808E5-84B7-4D7B-BCC4-2AE6F362541A

THE MIDCOUNTIES CO-OPERATIVE COMMUNITY FUND

CONTENTS

Page
References and administrative details of the Charity, its Trustees and advisers 1
Trustees' report 2 - 5
Independent examiners report on the financial statements 6
Statement of financial activities 7
Balance sheet 8
Notes to the financial statements 9 - 15

Docusign Envelope ID: 1D6808E5-84B7-4D7B-BCC4-2AE6F362541A

THE MIDCOUNTIES CO-OPERATIVE COMMUNITY FUND

REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 MARCH 2024

Trustees Ms H A Richardson, Chair V S Woodell Ms I L Kirkman Charity registered 1143181 number Principal office Co-operative House Warwick Technology Park Gallows Hill Warwick CV34 6DA Independent examiner Harrison Beale & Owen Gregg Olner Seven Stars House 1 Wheeler Road Coventry CV3 4LB Bankers Barclays Bank plc Leicester LE87 2BB Solicitors Anthony Collins Solicitors LLP 134 Edmund Street Birmingham B3 2ES Settlor The Midcounties Co-operative Limited Co-operative House Warwick Technology Park Gallows Hill Warwick CV34 6DA

Docusign Envelope ID: 1D6808E5-84B7-4D7B-BCC4-2AE6F362541A

THE MIDCOUNTIES CO-OPERATIVE COMMUNITY FUND

TRUSTEES' REPORT FOR THE YEAR ENDED 31 MARCH 2024

The Trustees present their annual report together with the financial statements of the Charity for the 1 April 2023 to 31 March 2024.

Objectives and activities

a. Objectives and aims

The object of the charity is to promote and support charitable purposes as the trustees may from time to time determine. The charity believes that community groups run by local people who want to tackle local issues are at the heart of building stronger communities The charity believes in supporting local communities and wishes to provide support to local groups to work within their communities

In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the Charity Commission relating public benefit, including the guidance 'Public benefit: running a charity (PB2)'

b. Significant activities

The charity operates a grant programme for the benefit of communities within areas in which The Midcounties Co-operative Limited trades.

c. Grant making

The charity is assisted in the award of grants by its grant panel. The charity awards community grants of up to £2,000; as well as smaller low level grants of up to £250. In the year to 31 March 2023 the Charity amended its giving approach and is awarding grants of up to £500. Applicants must be a member of the The Midcounties Co-operative Limited and membership should have been in place for at least three months prior to application. Grants are not awarded to individuals or statutory organisations as defined by formal law. Grants are only awarded to registered charities or fully constituted community groups holding a bank account in the name of that group. The applicant must have an ongoing involvement with the group and be a member of The Midcounties Co-operative

d. Volunteers

The charity is supported in its work by The Midcounties Co-operative Limited which oversees the work of the charity. Members of The Midcounties Co-operative Limited's Member Engagement Committee act as the charity's grant panel. The Trustees are extremely grateful for this voluntary contribution to the work of the Charity.

Achievements and performance

a. Charitable activities

During the year the charity awarded grants of £103,050 (2023 - £138,590) to 212 (2023 - 185) community organisations. Further analysis o grants awarded is provided in note 6 of the financial statements; together with some examples of individual grants awarded.

b. Investment policy and performance

Performance of the investment manager, Evelyn Partners, is regularly reviewed and monitored against appropriate benchmarks

The charity's ability to fund its planned grant programme is principally dependent upon the total return achieved on its investments which, as noted are professionally managed. The endowment funds are managed by the Charity's investment manager, Evelyn Partners whose appointment is in control of the Trustees. The principal external factor governing the charity's total investment return is genera market conditions.

Docusign Envelope ID: 1D6808E5-84B7-4D7B-BCC4-2AE6F362541A

THE MIDCOUNTIES CO-OPERATIVE COMMUNITY FUND

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

Financial review

a. Financial position

The Trustees are satisfied with the financial state of affairs of the Charity. At the year end the balance on the unrestricted genera fund was £6,718 (2023 - £2,896).

b. Reserves policy

It is the Policy of the Trustees to maintain sufficient unrestricted general funds, having set aside any designated funds for specific future purposes or projects, at a level which provides sufficient free funds to meet any foreseeable financial obligations. The trustees consider there are no financial obligations for which funds are not available and are satisfied that a balance of anything over £nil on unrestricted funds is appropriate (2023 - £nil). Unrestricted reserves at the end of the year amounted to £6,718 (2023 - £2,896) and endowment funds were £1,826,827 (2023 - £1,697,192). Total reserves were £1,833,545 (2023 - £1,700,088)

c. Investment policy and objectives

The charity's investments are managed by Evelyn Partners (formerly known as Tilney). The statement of investment principals prepared by the Trustees, after consultation with the Charity's investment advisor, defines the way the Charity's investments and liquid funds are to be managed. The statement is reviewed at least annually.

The Charity's portfolio is invested for the long term, over seven years, in medium risk holdings. The Charity's investment objective is to provide an annual income to provide funds for its grant programme and administration costs; as well as maintaining or increasing the real capital value of its investments.

d. Principal funding

The Charity's principal sources of funding for grant making are the income derived from its endowment fund investments; periodic grants from The Midcounties Co-operative Limited and the realisation of its endowment fund investments which The Midcounties Co-operative Limited, as settlor, may determine. The endowment fund is expendable and the discretionary power of how funds are distributed rests with the board of trustees.

Structure, governance and management

a. Constitution

The Midcounties Co-operative Community Fund is a registered charity, number 1143181, and is constituted under a Trust deed dated 14 June 2011.

b. Methods of appointment or election of trustees

Trustees are appointed by The Midcounties Co-operative Limited, as settlor. The Midcounties Co-operative Limited has determined that the Trustees shall be the President and the two Vice-Presidents of its Society's Board of Directors. The Midcounties Co-operative Limited, as settlor, may also remove and replace any Trustee in the same way that it makes appointments

There must be at least three trustees, unless a corporate trustee is appointed, in which case the corporate trustee may act alone.

During the year the following changes to trustees were made:

Mrs H R Wiseman - resigned 28 October 2023 Ms I L Kirkman - appointed 28 October 2023

c. Organisational structure and decision making

The Charity is managed by the Board of Trustees. A secretary is appointed by the Trustees to administer the day to day operations of the Charity. The Trustees hold three meetings each year. The Trustees are supported by The Midcounties Co-operative Limited which oversees the work of the Charity and member of The Midcounties Co-operative Limited's Member Engagement Committee act as the Charity's grant panel.

Docusign Envelope ID: 1D6808E5-84B7-4D7B-BCC4-2AE6F362541A

THE MIDCOUNTIES CO-OPERATIVE COMMUNITY FUND

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

Structure, governance and management (continued)

d. Induction and training of new Trustees

On appointment Trustees are provided with a copy of the declaration of trust, a copy of the Charity's latest annual report of the Trustees and financial statements, and minutes of the meetings of Trustees for the previous year. Recent appointees have all been familiar with the duties of a Trustee but the Charity would organise attendance on a suitable course if necessary.

e. Risk management

The Trustees have a duty to identify and review the risks to which the Charity is exposed to ensure appropriate controls are in place to provide reasonable assurance against fraud and error. The Trustees have assessed the risks to which the Charity is exposed, in particular those related to operations and finances of the Charity and they are satisfied that systems are in place to manage their exposure to major risks.

Plans for future periods

The Charity's aims and objectives remain constant and are not expected to change from one year to the next.

Docusign Envelope ID: 1D6808E5-84B7-4D7B-BCC4-2AE6F362541A

THE MIDCOUNTIES CO-OPERATIVE COMMUNITY FUND

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

Statement of Trustees' responsibilities

The Trustees are responsible for preparing the Trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The law applicable to charities in England and Wales requires the Trustees to prepare financial statements for each financial year which give a true and fair view off the state of affairs of the Charity and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to

The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Charity's transactions and disclose with reasonable accuracy at any time the financial position of the Charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the Trust deed. They are also responsible safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Ms H A Richardson Chair …..........................28 January 2025

Docusign Envelope ID: 1D6808E5-84B7-4D7B-BCC4-2AE6F362541A

Independent Examiner's Report to the Trustees of The Midcounties Co-Operative Community Fund

I report to the charity trustees on my examination of the accounts of the charity for the year ended 31 March 2024 which are set out on the following pages.

Responsibilities and basis of report

As the charity's trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').

I report in respect of my examination of the charity's accounts carried out under section 145 of the 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 examiner's statement

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

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.

Gregg Olner MPhil BA(Hons) FCA

Harrison Beale & Owen Limited Chartered Accountants Seven Stars House 1 Wheler Road Coventry CV3 4LB

29-Jan-25

Docusign Envelope ID: 1D6808E5-84B7-4D7B-BCC4-2AE6F362541A

THE MIDCOUNTIES CO-OPERATIVE COMMUNITY FUND

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2024

Unrestricted
funds
2024
£
82,849
26,725		 Endowment
funds
2024
£
-
-		 Total funds
2024
£
82,849
26,725		 Unrestricted
funds
2023
£
125,195
27,859		 Endowment
funds
2023
£
-
-		 Total funds
2023
£
125,195
27,859
109,574 - 109,574 153,054 - 153,054
-
(105,752)		 (10,523)
-		 (10,523)
(105,752)		 -
(156,252)		 (10,251)
-		 (10,251)
(156,252)
(105,752) (10,523) (116,275) (156,252) (10,251) (166,503)
on
3,822
-		 (10,523)
140,158		 (6,701)
140,158		 (3,198)
-		 (10,251)
(21,956)		 (13,449)
(21,956)
3,822 129,635 133,457 (3,198) (32,207) (35,405)
2,896
3,822		 1,697,192
129,635		 1,700,088
133,457		 6,094
(3,198)		 1,729,399
(32,207)		 1,735,493
(35,405)

The Statement of Financial Activities includes all gains and losses recognised in the year.

All of the charity's activities are derived from continuing operations.

The notes on the following pages form part of these financial statements.

Docusign Envelope ID: 1D6808E5-84B7-4D7B-BCC4-2AE6F362541A

THE MIDCOUNTIES CO-OPERATIVE COMMUNITY FUND

BALANCE SHEET AS AT 31 MARCH 2024

Note
Fixed assets
Investments
9
Current assets
Debtors
10
Cash at bank and in hand
Creditors: amounts falling due within
one year
11
Net current assets
Total assets less current liabilities
Total net assets
Charity funds
Endowment funds
Unrestricted funds		 2,225
5,930		 2024
£
1,828,692
4,853
1,833,545
1,833,545
1,826,827
6,718
1,833,545		 2,066
42,230
44,296
(42,452)		 2023
£
1,698,244
1,844
8,155
(3,302)
1,700,088
1,700,088
1,697,192
2,896
1,700,088

The financial statements were approved and authorised for issue by the Trustees on ….................... and28/01/2025 signed on their behalf by:

Ms H A Richardson

Chair

The notes on the following pages form part of these financial statements.

Docusign Envelope ID: 1D6808E5-84B7-4D7B-BCC4-2AE6F362541A

THE MIDCOUNTIES CO-OPERATIVE COMMUNITY FUND

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

1. General information

The Midcounties Co-operative Community Fund is a charity registered with the Charity Commission (Charity Number: 1143181)

The address of the registered office is Co-operative House, Warwick Technology Park, Gallows Hill, Warwick, CV34 6DA.

2. Accounting policies

2.1 Basis of preparation of financial statements

The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - Accounting and Reporting by Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.

The financial statements have been prepared to give a ‘true and fair’ view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a ‘true and fair’ view. This departure has involved following Accounting and Reporting by Charities preparing their financial statements in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005, which has since been withdrawn.

The Midcounties Co-operative Community Fund meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.

The accounts are prepared in GBP, being the functional currency, and are rounded to the nearest pound.

2.2 Going concern

The Trustees of the charitable fund have reviewed the Market Comment Review by its investment managers, Evelyn Partners at 31 October 2023 and the cash flow forecasts prepared by the Midcounties Co-operative Limited through to January 2026, from whom periodic grants are received which were prepared taking into account the expected continued impact of the cost of living crisis.

Therefore, the Trustees of the charity believe that it remains appropriate to prepare the financial statements on a going concern basis.

2.3 Income

All income is recognised once the Charity has:

Grants are included in the Statement of financial activities on a receivable basis. The balance of income received for specific purposes but not expended during the period is shown in the relevant funds on the Balance sheet. Where income is received in advance of entitlement of receipt, its recognition is deferred and included in creditors as deferred income. Where entitlement occurs before income is received, the income is accrued.

Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and

Docusign Envelope ID: 1D6808E5-84B7-4D7B-BCC4-2AE6F362541A

THE MIDCOUNTIES CO-OPERATIVE COMMUNITY FUND

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

2. Accounting policies (continued)

2.4 Expenditure (continued)

Shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use.

Expenditure on raising funds includes all expenditure incurred by the Charity to raise funds for its charitable purposes and includes costs of all fundraising activities events and non-charitable trading.

Expenditure on charitable activities is incurred on directly undertaking the activities which further the Charity's objectives, as well as any associated support costs.

Grants payable are charged in the year when the offer is made except in those cases where the offer is conditional, such grants being recognised as expenditure when the conditions attaching are fulfilled. Grants offered subject to conditions which have not been met at the year end are noted as a commitment, but not accrued as expenditure.

All expenditure is inclusive of irrecoverable VAT.

2.5 Investments

Fixed asset investments are a form of financial instrument and are initially recognised at their transaction cost and subsequently measured at fair value at the Balance sheet date, unless the value cannot be measured reliably in which case it is measured at cost less impairment. Investment gains and losses, whether realised or unrealised, are combined and presented as ‘Gains/(Losses) on investments’ in the Statement of financial activities.

2.6 Debtors

Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

2.7 Cash at bank and in hand

Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

2.8 Liabilities

Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.

Liabilities are recognised at the amount that the Charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.

2.9 Fund accounting

General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Charity and which have not been designated for other purposes.

Endowment funds comprise both expendable and non-expendable monies. A decision on the use of the income rests with the trustees.

Docusign Envelope ID: 1D6808E5-84B7-4D7B-BCC4-2AE6F362541A

THE MIDCOUNTIES CO-OPERATIVE COMMUNITY FUND

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

3. Income from donations and legacies

Grants
Grants
4.
Investment income
Income from listed investments
Income from listed investments
5.
Expenditure on raising funds
Costs of raising voluntary income:
Investment management costs
Investment management costs		 Unrestricted
funds
2024
£
82,849		 Total
funds
2024
£
82,849
Unrestricted
funds
2023
£
125,195		 Total
funds
2023
£
125,195
Unrestricted
funds
2024
£
26,725		 Total
funds
2024
£
26,725
Unrestricted
funds
2023
£
27,859		 Total
funds
2023
£
27,859
Endowment
funds
2024
£
10,523		 Total
funds
2024
£
10,523
Endowment
funds
2023
£
10,251		 Total
funds
2023
£
10,251

Docusign Envelope ID: 1D6808E5-84B7-4D7B-BCC4-2AE6F362541A

THE MIDCOUNTIES CO-OPERATIVE COMMUNITY FUND

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

6. Analysis of grants

Grants, Direct costs - Community assistance
Grants, Direct costs - Community assistance		 Grants to
institutions
2024
£
103,050		 Total
funds
2024
£
103,050
Grants to
institutions
2023
£
138,590		 Total
funds
2023
£
138,590

No singularly material grants were made during the year. 201 grants of between £251-£2,000 in value were made during the year totalling £99,880. 11 low level grants of up to £250 totalling £3,170 were made during the year. A sample of the grants the Charity has made during the year is detailed in note 15.

7. Analysis of expenditure by activities

Charitable activities
Charitable activities
Analysis of support costs:
Independent Examiners remuneration
Bank charges
Grant administration costs		 Grant of
funding
activities
2024
£
103,050		 Support costs
2024
£
2,702		 Total
funds
2024
£
105,752
Grant of
funding
activities
2023
£
138,590		 Support costs
2023
£
17,662		 Total
funds
2023
£
156,252
Activities
2024
£
2,400
302
-		 Total
funds
2024
£
2,400
302
-
2,702 2,702

Docusign Envelope ID: 1D6808E5-84B7-4D7B-BCC4-2AE6F362541A

THE MIDCOUNTIES CO-OPERATIVE COMMUNITY FUND

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

7. Analysis of expenditure by activities (continued)

Analysis of support costs (continued)

Analysis of support costs (continued)
Independent Examiners remuneration
Bank charges
Grant administration costs		 Activities
2023
£
2,400
262
15,000		 Total
funds
2023
£
2,400
262
15,000
17,662 17,662

8. Trustees' remuneration and expenses

During the year, no Trustees received any remuneration or other benefits (2023 - £nil) and no Trustee expenses have been incurred (2023 - £nil). The Charity has no employees (2023 - 0).

9. Fixed asset investments

10.

11.

Cost or Valuation
At 1 April 2023
Additions
Disposals
Realised Gains
Other movements
At 31 March 2024
Net book value
At 31 March 2024
At 31 March 2023
Debtors
Due within one year
Other debtors
Creditors: Amounts falling due within one year
Amounts due to The Midcounties Co-operative Limited
Accruals		 Listed
Investments
£
1,680,995
337,351
(338,346)
146,149
-		 Cash account
17,249
(337,351)
332,355
-
(9,710)		 Total
£
1,698,244
-
(5,991)
146,149
(9,710)
1,826,148 2,543 1,828,692
1,826,148 2,543 1,828,692
1,680,995 17,249 1,698,244
2024
£
2,225		 2023
£
2,066
2,225 2,066
2024
£
-
3,302		 2023
£
39,200
3,252
3,302 42,452

Docusign Envelope ID: 1D6808E5-84B7-4D7B-BCC4-2AE6F362541A

THE MIDCOUNTIES CO-OPERATIVE COMMUNITY FUND

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

12. Statement of funds

Statement of funds - current year

Unrestricted funds
General funds
Endowment funds
The Midcounties Co-operative Fund
Total of funds		 Balance at 1
April 2023
£
2,896		 Income
£
109,574		 Expenditure
Gains
£
£
(105,752)
-		 Balance at
31 March
2024
£
6,718
1,697,192 - (10,523)
140,158		 1,826,827
1,700,088 109,574 (116,275)
140,158		 1,833,545

The Midcounties Co-operative Limited endowed the Charity in 2011 with funds from its dormant shareholders accounts, and monies from the Grassroots Endowment Match Challenge Fund.

The Midcounties Co-operative Fund is to provide an income for a grant programme for the benefit of communities in the area in which The Midcounties Co-operative Limited trades. In accordance with the declaration of trust, income arising on the endowment fund shall be expended together with up to 5% of the capital value of the endowment fund or such greater or lesser amount as the settlor may determine. During the year £nil (2023 - £nil) was transferred from The Midcounties Co-operative Fund to the general fund.

Statement of funds - prior year

Unrestricted funds
General funds
Endowment funds
The Midcounties Co-operative Fund
Total of funds		 Balance at 1
April 2022
£
6,094		 Income
£
153,054		 Expenditure
Gains/
(Losses)
£
£
(156,252)
-		 Balance at
31 March
2023
£
2,896
1,729,399 - (10,251)
(21,956)		 1,697,192
1,735,493 153,054 (166,503)
(21,956)		 1,700,088

13.

Analysis of net assets between funds

Analysis of net assets between funds - current year:

Unrestricted Endowment Total
funds funds funds
2024 2024 2024
£ £ £
Fixed asset investments - 1,828,692 1,828,692
Current assets 8,155 - 8,155
Creditors due within one year (1,437) (1,865) (3,302)
Total 6,718 1,826,827 1,833,545

Docusign Envelope ID: 1D6808E5-84B7-4D7B-BCC4-2AE6F362541A

THE MIDCOUNTIES CO-OPERATIVE COMMUNITY FUND

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

13. Analysis of net assets between funds (continued)

Analysis of net assets between funds - prior year

Fixed asset investments
Current assets
Creditors due within one year
Total		 Unrestricted
funds
2023
£
-
44,296
(41,400)		 Endowment
funds
2023
£
1,698,244
-
(1,052)		 Total
funds
2023
£
1,698,244
44,296
(42,452)
2,896 1,697,192 1,700,088

14. Related party transactions

The Midcounties Co-operative Limited, the settlor, has the right to appoint and remove the charity's trustees. The trustees are the President and two Vice-Presidents of the Society's Board of Directors. The Midcounties Co-operative Limited oversees the work of the charity and members of its Member Engagement Committee act as the charity's grant panel. During the year The Midcounties Co-operative Limited provided grants to the charity of £82,849 (2023 - £125,195) and was reimbursed grant administration costs of £nil (2023 - £15,000). At the 31 March 2024, a balance of £nil (2023 - £39,200) was owed to The Midcounties Co-operative Limited.

15.

Grants paid

Name of institution
Assisted Reading for Children LTD
Banbury Community Action Group
Bilbrook Initiatives Hub Community Interest Company
Bladon Junior Church
Brackley & District Band
Charlie Ramsey Research Fund
Chipping Norton School Parents Association
Coleford Music Festival
Community First Initiative
Forest Carers Support Group
Forest Voluntary Action Forum
Hazlemere Community Association
MoreSureFdn CIC
PAL Fitness Education CIC
PCC Bream
PCC St Pauls
Pelsall Community Association
Penk Moneywise
Signpost-Broadway
Social Link
St Catharine's PAG
St Marys Wheaton Aston PTA
Sunshine Cat Rescue
SVP Our Lady & St Kenelm- Halesowen
Swindon City of Sanctuary
Swindon Storm American Football Club
Swindon Therapy Centre for MS
The Apostolic Church
The Playing Field & Recreation Ground
The Shrubberies School Parent Teachers Association
Walsall Pride for All
Willows Counselling Service
Wood Farm Community Centre Parent & Toddler Group
Other grants to institutions less than £500		 2024
£
-
-
-
-
-
-
500
-
980
-
1,000
-
500
-
-
-
500
-
-
-
-
-
1,000
-
-
-
-
-
-
-
-
1,000
1,000
96,570		 2023
£
2,000
2,000
2,000
2,000
2,000
2,000
2,000
2,000
-
2,000
-
2,000
2,000
2,000
2,000
2,000
2,000
2,000
2,000
2,000
2,000
2,000
-
2,000
2,000
2,000
2,000
2,000
2,000
2,000
2,000
-
-
82,590
103,050 138,590