MINEHEAD AND COAST DEVELOPMENT TRUST Formerl MINEHEAD DEVELOPMENf TRUST Acom limited b Guarantee ' tered Com an Number: 07322858 'stered Chari Number: 1144443 UNAUD EDA FOR THE YEAR ENDED 31 MARCH 202
MINEHEAD AND COAST DEVELOPMENT TRUST ACCOUNTS FOR TBE YEAR ENDED 31 MARCH 2025 Contents D1ct' Report Statement of Financial Activities Balance Sheet Notes to the Financial Statements
MINEHEAD AND COAST DEVELOPMENT TRUST DIRECTORS, REPORT The directors present their report and the financial statements for the year ended 31 March 2025, Charlty Number 1144443 Company Number 07322858 Directors & Trustees The Directors of the charitable company (the charity) are its trustees for the purpose of charity law and throughout this report are collectively referred to as Trustees. The Trustees of Minehead and Coast Development Trust who served during the period were: . R Tew B H Maynard.Smith G Sizer J Whittaker Principle Office and Registered Office 4 Discovery House, Cook Way, Taunton, England, TA2 6BJ Bankers CAF Bank Lt(L 25 Kings Hill Avenue, Kings Hill, Kent, fv19 4JQ Reporting Accountants One Plus One Taunton Ltd 4 Discovery HowJe, Cook Way, Taunton Somerset TA2 6BJ Going concern The financial statements have been prepared on a going concern basis.
DIREcfoRS' REPORT cont'd MCDT continues its key role as a foundin8 partner for the 2021 Minehead Plan: "Inspiring People and Place" and focussed activity on the delivery of the plan in collaboration with the Minehead People and Place Partnership (MPaPP). Having ne8Otiated a 3-year funding agreement from The National Lotterfs 'Reaching Communities, fund, the services of the Project Coordinator have been secured. This slgniflcant investment has also enabled the recruitment of a project delivery assistant Sn order to support and assist the work of the Project Coordinator. The Trustees sadly accepted the resignatlon of Graham Sizer, one of the Trusys founding Members who agreed to remain as a Director of the Trust's trading subsidiary Minehead Information Centre. A thlrd successful "Minehead Bay Festival". was held again in late August 2024 and once again showcased local performing and visual arts and cultural participant5 Of all ages. The event attracted over 5000 people, a significant increase from last yearfs attendance. Collaboration between environmental groups, Exmoor National Park. The National Trust and Somerset Wildlife Trust has continued to grow and develop, with the launch of the Minehead Climate Adaptatlon Plan. The Trustees agreed a further 4-year collaboration with The Onion Collective in neighbouring Watchet, and 2 other communities, to take part In Actlon Research followlng the previous Understory community mapplng project. This wlll enable further team development in 2025. MCDT in its role as the accountable body for Minehead Informatlon Centre Ltd., came to the regrettable decision to close the company on 3151 March 2025. after all avenues for its contlnuation were exhausted. The Trustees continue to seek a viable alternatlve with a collaborative approach to deliver a contemporary destination marketing service for residents and visitor5 to Minehead. The updated MCOT website Mvw.mineheadandcoast.or8.uk Is supported by other social Media platforms to communicate activities and future developments for MCDT and MPaPP partners. Ray Tew Director 19 Dttember 2025
Independent ExAminerts Report to the Trustees of Minehead and Coast Development Trust for the Year Ended 31 March 2025 I ryrt on the wxounts of the company for the year ended 31 Mah 2025, which are set out on pages 4 to 49. Respectlve respon8lbilities of trustees and examlner The trustees (who are also the directors of the company for the purposes of company law) are responsible for the preparation of the accounts. Th¢ trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 201 l Act) and that an independent examination is needed. Having satisfied myself that the charity is not subject to audit under company law and is eligible for independent examinatiofy it is my responsibility to: - examine the accounts under section 145 of the 201 l Act. - follow the procedures laid down in the General Directions given by the Charity Commission under section 145 (5) (b) of the 2011 Act; and -state whether particular matters have come to my attention. Basis of independent examinees report My examination was Carried out in accordance with the General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations Aom you as trSte¢S concerning any such matters. The prncedures undertaken do not provide all the evidence that would be requi in an audit and cA)nsquently no opinton is given as to whether the accounts present a knie and fair view,, and the report is limited to those matta3 set out in the statement below. Independent examiner's 8tatement In connection with my examination, no manner has come to my attention: (l) which gives me reasonable cause to believe that in any material respect the requirements: - to keep accounting records in aecordance with section 386 of the Companies Act 2006; - to prepare accounts which accord with the accounting records, comply with Ge accounting requirements of section 396 of the Companies Act 2006 and with the methods and principles of the Statement of Recommended Practice: Accounting and Reporting by Charities have not been met; or (2) to whicty in my opinioo attention should be drawn in order to enable a proper understanding of the accounts to be reached. Sumit Agarwal ACMA Director One Plus One Taunton Ltd Date: 19 December 2025 4 Discovery House Cook Way Taunton Somerset TA2 6BJ
Miiiehèad and Coast Devèlopment Trust Cliarit No fJinr)aiiy No 1144443 OKJ22858 Annual accounts for the period 0110412024 Period start date Period end dale 3110312025 Section A Statement of financial activities (including summary income and expenditure account) R•strlcted Income funds Unrostrlcted fund5 Endowment funds Recommended categorles by activlty Total fund3 Prlor year funds Income (Note 3) F01 F02 F03 F04 F05 Incomg and ondowmgnts from., Donations and legacie$ S01 802 6,368 80,872 87,240 53,240 Other Ifadino 8clivili Inveslrnenta S03 S04 $8parat¥ maladal Ilom of In¢om• S05 Other se6 754 7,122 754 87,994 1,855 55,095 Total Expendltura (Notes 6) Exp•ndlturo on.. Flaislng fvnd$ Charit4blfr 4clivilies S07 80.872 so8 sog 122,632 122,632 104,414 Sopgr8le maten81 g#pen$• It•m Olher Total S10 150 50 150 122,782 825 5.239 S12 Net Incomellexpendlturel before tax for the reporting period Tax pay8bl8 S14 Net incomellexpenditurel after tax before s15 Net gainsllloss891 on Investments Net incomellexpenditure Extraordinary items Transfers between funds Other recognised gainslllosses): S13 6,972 41,760 34,788 50,144 6.972 41,760 34,788 50,144 S16 S17 S18 6,972 41,760 34.788 50,144 $19 Gains and Ioss89 on ravalualion ol fixed 895els for the charity's own use Other 981nslllosses1 Net movement In funds S20 S21 S22 6,972 41,760 34.788 50.144 Reconciliation of funds.. Total lunds brought forward Total funds carried fornard S23 3,937 10,909 59,864 18,104 63,801 29,013 113.944 63.801 S24
Mnehead and Coa$1 De¥eb)pThxni Tlchaffly No omoartv No 1144443 on22858 Section B Balance sheet Re3trlctéd Unrnslrtctsd Incom• Endownn•nt Ttstsi thls lund8 funds Total year Fixed assets Intanglble assets Tonglble assets Herltage assetg Inv•stm•nts F01 F02 F03 F04 FOS INotg 151 INoie 141 (Note 161 (Note 171 fotsl Ilxedass•ts 1.774 1.774 1,275 100 10D 100 1,375 Current assets stocks (Note 181 Deblor# INote 191 Inveglmenls INote 17.41 Cash at bank and In hond INote 241 Tofai current assets eio 1.487 1.487 11.159 54013 65 172 Cièdltors: ¥mounts falllng du• wlthln one year (Note 201 4.128 4.128 2.748 N•t ¢urrent•ssWfllobllltlesJ 812 .428 Total assets i•ss cutt•ntll•blllV•$ 8iJ 63.801 Credltors: •mount¥ falllng du• aft•r one yoar (Nole 201 Provl8lon8 for Ilablllti 015 roiol nei oss•t$ or118bllltle$ Funds of the Charity endowmen¢ funds INote 271 Restrlcted Income lundi INots 271 Unr•stdctfrd lunds 10.909 18.104 29.013 63.601 917 18.104 18.104 10.909 59.864 3,937 10.909 R•valuatlon r•s•r4e Falr volu• r•8•rv• Totsl funds 83,801 Th? ¢ompany tItled10 gxemptlon from autht under s4n olth• Compan1•$ Aer 2006 rnfatlng ¢0 sm•ll eompanl#s. The mernber5 have notr•qulred th• compny to obtsln an •udlt In •¢eord•nc• wlth s•rtlon 476 ofth• Companles Acr zoo6. The dlrectors aeknowledge thelr r•sponslbllldes for comptylng wlth th• r•qulf•ments orth• Comynles Ac¢ wlth respectto accountln9 TKords and th? prvparnt1t of a¢¢04W These accounts have been prepared In ac¢orilance wlth thè provlslons appllcable to smJll ¢ornpanle$ subject to the small companles reglffle andln ac¢ordan¢e wlth FRS102 SORP. SYJn•d by w utsvotNslee¥diredws on b¢hall of dl lh• InJsteo¥dwectcfs Dat• ol approval ddim Print Name &gnature D ddlmm S4inurè of dtrÈ£tcauthenting ar¢wAts bÈir4 sentto Compwies HrJJ8• CC17a (Excell 1W1212025
Note 1 BMI• of prewa 1.1 Bag14 of ae¢ounllng Th0 LrmJntB h8¥o b•gn und¢rtho hlorfc41 c1 c4Jfbvontlonth ttams rvInI•d •t Mst or IraMthn vtho latsd lTrth•f¢lovantrtoto1•i to Iho10 &¢¥Tr. Th• ac¢ountahawobopn the Slatem¢nl olRKfyMrngnY¢d Pra¢ltc•'. A¢¢ounltr4 end R•porflng bycharlu pr•pftrlng IholTBCQILtntu th Kwdance Ihts Fln8ndo1 R•prylng 8lqndard 4ppll¢abf• th th• UK and R•pJtrAl¢oflr•Lffid (FR8 1021 10 Juty2014 • Ind the Ftswi¢lal Ropth9 siknd8rd applk•b&ry kn th•Untt•d Khgdam R•wbl ol Ireland IFRS 102) . th ChwlUg•Ad 2011. Th• ¢hth1tye•rtth th putthbonrft •nlty a•dafinrAI by FRS 102.. 12 Golng concern ¢Qnllnu• u •qolngcone•rn. pleaMprovld• th•lolloYnHdot•lh or¥ts¢o-Not•ppllo8blo", 11 An •xWanalkn u iothow f•dor•thJt lupport tho ndulk Ih&i lh• aqol 90th9 Mn¢4m •Mumplkn doubtThJl,' lth•r• t¢couMi IMMI pr•p8rod orb o con¢4m ba$. pl•eg• dlKS)M thlsfAcl togth•rwYh th• bwls onthlch IhY+fyN•te•• wep4red Iho acmints and Ih? r•w *mfth• ltyll not f•9wded 4• 4 gd#o t0m. 1J Chang8 of a¢¢ounllng pDII¢y TtK• proiort•tN• and 1otr¥lthv•d D• th0fi0oB hw4• m•dtrtotho polkknAdopt•d th notg { }. Y¢•. (O fy)0 n•ttmrflh•¢hww th •¢¢ounUngpoll¢y.' IW1¥2025
IA Chans•8 to aeeounllng •sVmai•s No (Iw$tfj acoxnvng gsllmthl haw•occurT8d th tho reprIt pwknd (3A8 FRS102 SORP). Yes. No. (0 rf•nyehangos." (W) tho eff•¢tof th•¢heng•on lrt¢om• and•xpeMe or asi•ts 8ndllabllll•s forthtr ¢umntPoilod,' and 1.6 MatVTlal wWJry•4r •Mrn No rnththl •m>r hdve blqn en1th¢d th Ihg A7 FRS1¢y2 SOR 8ffec¢ed.' and 1911212025
Section C Notes to the accounts (cont) Note 2 Accounting policies This standard list of accounting policies has been applied by the charity except for those deleted. Where different or additional policy has been adopted then this is detailed in the box below. 2.1 RECONCILIATION WITH PREVIOUS GENERALLY ACCEPTED ACCOUNTING PRACTICE Please provide a description of the nature of each change in accounting policy Reconciliation of funds perprevious GAAP to funds determined under FRS 102 Start of period End of period Fund balances as previously stated Adjustments.. Fund balance as restated Reconciliation of net income/(net expenditure) per previous GAAP to net income/(net expenditure) under FRS 102 End of period Net incomel(expènditure) as previously stated Adjustments." Previous period net incomellexpenditurel as restated CC17a {ExGell 1911212025
Notè 2 12 INCOME rnyTrlorpwAthd ty tr•FRS 102 SOAP FRS 101 Y••. Ml•' ••wl• w• fi11&1013.12 FRS102 SORPk Y••" CC17 FR8 1Q2 8ORP IwlY28 Y••. Nl•' YM. NM. Y4 YM" •SOF Yo•. Nl
MythIM4mddlTAd•ml• t•m•dsw¢dMnttty. L•g•dg& MqmbqrsNp iw0pn1 mlmbv tINTr io ottr Yo•. d•th 4r•m•tis.10 t•S.12 FRS102 sORPI •n i•m SOFA. any ortosw an th• •tIroIni VAI Nl8' 2.3 EXPENDITURE AND LIABILITIE8 Injm 810 r•t4¥rdod tthlt limom IWIlWtxttiwi iir• i•• il ar U•bl[tyNo•onofi nnr• othnwmm#ttrA &lJrttyi0 pay amou•ll Ye•. Support wpJh•v•t4•n toathty Nla. ty110ty •ffj•1. orw ¢•pu•. tyth• •wnt •TrJrIh•rItI tyl1rM0•. ex17 Ffts 102 8OaArtMwhh Wh•nth• • gi•M¥AthxfQr bah¥J a ip•dtsfo¥d ol Ye•. •' rf•YminM I•141 ¥ll•twf•rth•Uftry ot419•kn rnU b• Yos. No. NO. Y••. YOB. o. sle IINnclAI 10.7 FRSIW2 SQRP. ••W9r1?1 11.17 t• 11.19, FRSI01 XIRP. Y•s' 2A ASSEf8 Y• No. wa. u•0 bythlffty No. IntlIbIl tIM•ds•••l• $•1¥ lrf9r440 4r0 cfjntrow by th• tlvWvJ No.
Yts. Y••. Yo•. Yo•. CC17 FR8 1tr2 Sfy9P ADDmoiiAL TO OR DIFFEREPIT FROM
So¢tion C Notes to the accounts Iconti Noto 3 In¢omo AnJlyg15 ol In¢orne Unre•tritt•d Inc¢Mn¢ Endowmènt bjndg hmds lunds Tot41fund• Prforye DonatSon8 and legaeles.. Donations and Gltt AKI Le aoes General grants provideo by g¢)vemmenVother thanties Membership s¢AJscrtplions and sp(SClps which are In 5ub51ance donations Donated lacilit1tr5 and s•NKes Olhw Total Ch8fltable octlvltles.. Festival Fee$ 6.168 150 8.168 150 7.636 1.000 1.150 C¢Jrmuni Council for Somersel Somerset Wesl antJ Taunton HTAP Grant Somersel Wildlile Trust BID Contribution Minehead Ba National Lolle Communi Fund Hinkle Point c ComffluNIl Granl Minehead BID. Residual Mineheau Towi Countil S ark Sornersel Posicts#e L¢xal Twsi Olh¢r 7.636 1.000 8.000 04.420 64,420 10.000 20.000 5.779 2.037 5.779 2,037 so 90 12.000 1.855 55.095 754 7,122 754 87.993 Total 80,872 Olhgr tradlng actlvltles- Other To¢¥1 Incorn• Irom Invg#¢ment$'. Inl?rest income Divioend Income Rental and leasin Other irKorne Total S•parate matgrlal It•m ol Incomg Totsl Other: Conversion of end0%41nenl frjnds inlts inwrne Gain on disposal of a tangibl• fixéd asset for chant 's use Gain on di5POsal of a prcgramme relaied investment Royalties frorn the exFArytstion of intellectual ro hls Olher Total TOTAL INCOME 80 872 55.095 CC17a IExc8E) 191212025
Oth•r Inlomaiion: All Incom• In tho prlory•arwu unT•Strt¢¢•d ox¢•ptior IpleaBe provld• d•rIP01b and amount81 Wh•r• kny•ndtymontfvnd 1$ ¢onwrt•d Into In¢om• In th• r•poTdng p•rtod gl¥• th• rn04on tor thfr conv•nI. blfjthln tho Iorn ltsm8 abovo tho follolng It1 ar• mit•rfl.' IplM•• dh¢lsx•th•fiiwr•, amount Ind 4ny •r8mourbt•l W•rn 8ums ortglnally d•n¢%nlnal•d In lornlgn currnncyhw• b••n In¢lud•d In In¢omo. •xplaln tho ba•1• 4)n whlGh Itm• lum• hav• b••n tranil•t•d Into •t•rtthg lor th• Gurr•nGy ln Itlch tho attounls ar• dra¥ffl upl, CG17•lE¥¢4) 10 1A112ra¢Yds
Section C Notes to the accounts (cont) Note 4 Analysis of receipts of government grants This year Last year Description Government grant 1 Government grant 2 Government grant 3 Other Total Please provide details of any unfulfilled conditions and other contingencies attaching to grants that have been recognised in income. Please give details of other fomis of government assistance fmm which the charity has directly benefited. CC17a {Excel) 11 1911212025
Section C Notes to the accounts (cont) Note 5 Donated goods, facilities and services This year Last year Seconded staff Use of property Other Please provide details of the accounting policy for the recognition and valuation of donated goods. facilities and services. Please provide details of any unfulfilled conditions and other contingencies attaching to resources from donated goods and services not recognised in income. Please give details of other forms of other donated goods and services not re¢ognised in the accounts. eg contribution of unpaid volunteers. CC17a (Excel) 12 1911212025
Section C Notes to the accounts {cont) Note 6 Expenditure Re5trlcted income funds Analysis of expenditure Unrestrkted funds Endowm•nt fund$ rotsl funds Prior year Expenditure on raising funds: Incurred seeking donations Incurred seeking legacies Incurred seeking grants Operating membership schemes and social lotteries Staging fundraising events Fundraising agents Operating charity shops Operating a trading company undertaking non-charitable trading activity Advertising. marketing. direct mail and ublicit Start up costs incurred in generating new source of future income Database development costs Other trading activities Inveslmènl management costs- Portfolio mana ement costs Cost of obtaining investment advice Investment administration costs Intellectual property linCing costs Rent collection. property repairs and maintenance charges Total expenditure on raising funds Expenditure on charitable activities Grant to Mlnehead Infommtlon Cèntrt Ltd 7,350 7,350 22.400 Postcod? Local Trust 11.866 Total expenditure on Charitable activities 7,350 7,350 34.266 CC17a (Excel} 13 1911212025
Separate material item of expense Total Other Govemance 1,095 1.095 825 Total other expenditure 1.095 1,095 825 TOTAL EXPENDITURE 8.445 8,445 35.091 Other inforn)ation: Analysis of expenditure on charitsble activities Grant lunding of activities Activity or programme Support Costs Total this year Total prlor year Activities undertaken direetly Activity I Activi Other Total Prior year expenditure on charitable activities can be analysed as follows- Within the expenditure iterns above the following items are material. Iplease disclose the nature, amount and any prior year amounts) Where sums originally denominated in foreign currency have been included in expenditure. explain the basis on which those sums have been translated into sterling (or the currency in which the accounts are drawn upl. CC17a (Excel} 14 1911212025
Section C Notes to the accounts (cont) Note 7 Extraordinary items Please explain the nature of each extraordinary item occurring in the period. This year Last year Description Extraordinary item 1 Extraordinary item 2 Extraordinary item 3 Extraordinary item 4 Total extraordinary items CC17a (Excell 1911212025
Section C Notes to the accounts Note 8 Funds received as agent 8.1 Please complete this note if the charity has agreed to administer the funds of another entity as its agenL Note.. If a charity is acting as an agent. it should not recognise the income in the Statement of Financial Activities or the Balance Sheet. Amount recelved Amount pald out Balance held at period end Descriptionlname of party Related party (Yes or No) This year Last year This year Last year Thls year Last year Total 8.2 Where a consortia or similar arrangement exists whereby 2 or more charities co-operate to achieve economies in the purchase of goods or seniices, please disclose details of any balances outstanding beiween anyparti¢ipating members. Descriptionlname of party Balance held at perlod end This year Last year Total CC17a (Excell 16 1911212025
Section C Notes to the accounts Note 9 Support Costs Please complete this note if the charity has analysed its expenses using activity categories and has support costs. Basis of allocation (Describe method) Raising funds Activity 1 Activity 2 Activity 3 Grand totsl Support Cost (examples} Governance Other Total Please provide details of the accounting policy adopted for the apportionment of costs between activities and any estimation techniques used to calculate their apportionment. CC17a (Excel) 17 1911212025
Section C Notes to the accounts Note 10 Details of certain types of expenditure Note 10.1 Fees for examination of the accounts Please provide details of the amount paid for any statutory external scrutiny of accounts and other services provided by your independent examiner. M nothing was paid please enter .0, in the appmpriate box(es). This year Last year Independent examiner's fees 100 100 Assurance services other than independent examination Tax advisory fees Other fees (for example: financial advice, consultancy, accountsncy services) paid to the independent examiner CC17a (Excel) 18 1911212025
Section C Notes to the accounts Icontl Note11 Paid employees Please complete this note il the charityhas any employees (transactions with Trystees dealt wllh In Note 28) 11.1 Staff Costs Th1$ year Last year Salarlts and wages Soclal security costs Pènsion eosts Ideflned contrlbutlon p•nslon plan) Other èmploye• beneflts Total staff co$t¥ Please provlde detalls of expendtture on staff workSng lor th8 charlty whose contracts are wSth and are pald by a Yelatèd party Please give details of the numberof employets whose total employee benefits (excluding Èmployer pension costsj fell within each band of£lQ.000 Imm £60.000 upwartls. ff thtré are no such transactions. please enter YThe' in the box pmvided. No employees recelved employee benelSts {excludlng èmployer p¥n$lon Costs) for the reporttng perlod of more than £60.000 Band £60.000 to £69.999 £70.000 to £79,999 £80.000 to É89.999 £90.000 10 £99.999 £100.000 to £109.999 Number of èmployees Please provide the totsl amount pald to key management personnel Ilncludes trustee5 and senior management) for Ihelr service5 to the charity. For speclfic amounts pald to trustees. see Note 28. 11.2 Average head Count In the year The parts of tha eharlty In whlch thè •mploye•s work Thls year Number Last year Number Total CC17a (Excell 1911212025
11.3 Exr•tla Pa0n to •rnPIo •nd ollw• (•xduth• trMt•MI Yome e¢wnpl•l• Ilan •x•4d•P• ts m•d Pl•••• •xpl•ln lh• n•lurn •lth• ynmnt Pl••M stt• th• uthorfty or M•on lor milng th• pthym•nt PloM• •laty the amount ol th• PA>inont l•r v4lu• of •ny w•h•r of a rfght to •n 11A RUndan¢Y paynwnts Tol•l •moynl ol p•ym•rt The natuv• ol th• PAyllnt I¢M1 M••1 Th• oxtort ol r•dund•n¢y fvnth9 •t th• b•l•nM oh••t d•t• PIN•• •l•t• th• •wwnlln9 pol¢y lor *ny r•dund•n¢y w l•rndn•llon pJyffl•nts CC17a (Excd) 19112r2025
Section C Notes to the accounts {cont) Note 12 Defined contribution pension scheme or defined benefit scheme accounted for as a defined contribution scheme. 12. 1 Please complete this note if a defined contribution pension scheme is operated. Amount of contributions recognised in the SOFA as an expense Please explain the basis for allocating the liability and expense of defined contribution pension scheme between activities and between restricted and unrestricted funds. 12.2 Please complete this section where the charity participates in a defined benefit pension plan but is unable to ascertain its share of the underlying assets and liabilities. Please confirni that although the scheme is accounted for as a defined contribution plan. it is a defined benefit plan. Please provide such information as is available about the plan's surplus or deficit and the implications. if any, for the reporting charity 12.3 Please complete this section where the charity participates in a multi-employer defined benefit pension plan that is accounted for as a defined contribution plan. Describe the extent to which the charity can be liable to the plan for other entities. obligations under the terms and conditions of the multi•employer plan Explain how any liability arising from an agreement with a multi•employer plan to fund a deficit has been determined. CC17a (Excell 21 1911212025
Section C Notes to the accounts (cont) Note 13 Grantmaking Please complete this note if the charity made any grants or donations which in aggregate form a material part of the charitable activities undertaken. 13.1 Analysis of grants paid (included in cost of charitable activities) ran ran institutions individuals Analysis Support costs Total Minehead Information Centre Ltd 7,350 7,350 Total 7,350 7,350 Please enter "Nll" If the charity does not Identlfy and/or allocate support costs. 13.2 Grants made to instltutlons My charity has made grants to partlcular Instltutlons that are material In the context of its grantmaking. Detalls of the institution supported, purpose of the grant and total pald to each Instltutlon is available on the charity's web slte. Please provide detalls of charity S URL. Provlde details below Yes No Names of institution Purpose Total amount of grants paid £ 7,350 Minehead Information Centre Ltd Provision of visitor information services Total grants to institutions in reporting perlod Other unanalysed grants 7,350 TOTAL GRANTS PAID 7,350 CC17a (Excel) 22 1911212025
Section C Notes to the accounts (cont) Note 14 Tangible fixed assets Please complete this note if the charity has any tangible fixed assets 14.1 Cost or valuation Freehold land & buildings Other land & buildings Plant, machinery and motor vehicles Fixtures, fittings and equipment Total At the beginning of the year Additions 1,755 1,755 499 499 Revaluations Disposals Transfers At end of the year 2,254 2,254 14.2 Depreciation and impairments Basis SLorRB SLorRB SLorRB SLorRB SLorRB Straight Line I'SL") or Reducing Balance ( RB ) Rate At beginning of the year Disposals 1,037 1,037 Depreciation 304 304 Impairment Transfers" At end of the year 1,341 1,341 14.3 Net book value Net book value at the beginning of the year Net book value at the end of the year 718 718 913 913 CC17a (Excel) 23 1911212025
1&4 Impairment Please provide a descnption of the events and circumstances that led to the recognition or reversal of an impaimient loss. 1&5 Revaluatlon If an accounting polky of rnvaluatlon Is adoptsd. the effectfve date of the revaluatlon ease vlde.. the name of Independent valuer. If appllcable the methods applled and slgnmlcant assumptlons the carrylng amount that would have been recognlsed had the assets been carrled under the cost model. 14.6 Other dlsclosures (4 Please state the amount of bormwlng costs, If any. capitalised in the construction of tangible flxed assets and the capitalisation rate used. (il) Please pmvlde the amount of contractual commitments for the a¢qulsltlon of tanglble flxed assets. (iii) Detalls of the exlstsnce and carrylng amounts of property, plant and equlpment to whlch the charfty has restrlcted tftle or that are pledged as securlty for Ilabllltles. The Yransfers" row is for movements between fixed asset categories. . Hease indicate the method of depreciation by deleting the method not CC17a (Excel) 24 19112r2025
Section C Notes to the accounts Note 15 Intangible assets Please Complete this note if the charlty has any Intanglble assets 15.1 Cost or valuatlon Project development cost¥ Patents and trademarks Other Total At beginning of the year Addition5 Disp05als Revaluations Transfers ' At end of Ihe year 1 S.2 Amortlsatlon and Impalrm8nts 'Mgthod of amortisallon SLorRB SLorRB SLorRB SLorRB Slraighl Line I"SL"lor Redu¢ing Balanco "RB" Rate Al beginning of the year Disposa15 Amortisalion Impairment Transfers" At end of year 15.3 Ngt book valuè Nal book value al the beginning of the year Nel book value at the end ol the year CC17a (Excell 25 1911212025
15.4 Accountlng poffcy Reasons forchooslng Pollcles forthe reco of4Thy 15A Impalrnnt Umstae$ thatled to Ihe reco1 or 15.6 Rovaluatlon ffl Myourlntanglble asset was a¢wlrnl by Ydy of grnn¢ provlde value on Inlllal roCOthn and carylng amount of the asse Detalls of the ¢wryIng0vnts ol• Intsnglble assets to whl¢h Ihe ¢harltyhas Ilabllltles. asset& v) State the amountofrnsearch and (v) Please d•laH tho heathngs In the SOFA In assets Is Included rfne.. R8 z rnduang balance). Also pese in¢¢ale Ihe ralg olW&?etion.' lorstraightline. **etis CC17a {Exfxl) 1911V2025
Sectlon C Notes to the accourhts Icontl Notg 16 Heritage assets Please complete thls note Mthe Charity has IMilage assets 16.1 General disclosures for all charities hoFding herttage assets lil Explain the nature and of heritage assets held. 1111 Explaln the policy for the a¢qulsltlon, preservation, mana9ement and disposal of heritage assets. 16.2 Cost orvaluatlon HÈrltaytr wet a5S8t Herftage asset Hefltsga ass81 Total At beginning of the year Additions DisposaLs Revaluations Translers. Al end ol the year 16.3 D•preclation and imparmi•nts -Basls SLLYRB SLorRB SLR8 SLorR8 SLorRB Straight Line rsL"l or Reduciag Balance RB" Rate At ljeginning of the year Disposals DepJatIOn Impaimient Transfers" At end of year 16.4 Net book value Nai book value at the beginning ol the Nel bK value at the eThJ of the year 16.5 Impalnnent Please pmvlde a des¢rlptlon of the events and circumstsnces that led to the recognltlon orreversal of an Imparmt los& CC173 (Excell 27 1911212025
16.6 Revaluatlon Ilan ?ccgunUn9 poll¢y of revalyatlon Is adopted. pleas• provlde.. the effKdve date of the revaluatlon the rtame of independent valuer, Ifappll¢•ble quallllcJtlons of Independent valuer the methods applled3ndsignificantassumptlons any significant Ilmitatlons on the valvallon 16.7 Analysis ol herltage assets by class or group dlstlngulshlng those at ¢ost and those at valuaUon At Valua0 Atcost Group Totsl GroupA Carrying amoufit at the beginning of the pengj Additions DispD5als DeplatIon11rnpa1Trent Revaluation CarryiThJ amtsJnl at Ihe end of penod 16.8 Heritage a55ets (wherè h•rftsg• assets are not re¢ognlsed on the balance sheeti 111 Explaln the rea$on why heritage sgets have not been recognlsed on the balan¢e $heeL 1111 Describe the significance and natur• of h•ritagg a$8¢ts. 11111 Dlsclose Informatlon that l¥ helpful In assessing the value of herflage assets. Ilvl Explairb the feason why it is nol practicable to obtaSn a valuation of hertlage assets. CC17a (Excell t911212025
16.9 Flve year summary of heritage assets transactlons 2015 2014 2013 2012 2011 Purchases Group A Group B Group C Olher Donatlons GroupA Group B Group C Other 11111 Total addltions Charge for Impainnent Group A Group 8 Group C Other Total chargo for impaiwment Dlsposals Gfoup A- earryirvj affinI Group 8- carryiThJ amount Group C Other Totsl dlgposo1$ C17a IExcell 19112Q025
So¢tion C Notes to the a¢¢ounts (conti Note 17 Investment a$s•ts Please complete this note if the charity has any Investment assets. 17.1 Fixed assets investments (please provide for gach ¢lass of Inv&$tmentl Cash & tash equlvalfrn Ll8ied Investments Investment pmp6rUès Soclal Invfrstment Other Total Carrying Ifairl value at beginning of period Add: additions lo investments during period. Le$s.' disposals at carryin9 value 100 100 Less.. Impalrments Add.. Reversal of Impalrments Addlldedu¢tl.' Ifansfer inlloutl In the period Addlldeduetl.. nel gainlllossl on revaluation Carrying If81rl value at end of year 100 100 'Pleaso spocify additions rèsulting from acquisitions through business comblnatlons,11 any. Please note that Faffr Value in thi5 context Is the amount for whieh an asset couldbe exchanged bètween knowledgeable and willing parties in an arm s length transaction. For traded securilAes. the fair value is the value of the 5ecurtty quotedon the London Stock Exchange Daily Official List or equivalent For other assets where there 15 no marketprice on a traded market. it is the trustees. or valuers'best estimate of falr valuè. 17.2 Please provide a breakdown of investments shown above agreeing with the balance sheet row 804 dlfferentlatlng bets¥een thwe hgld at lair value and th058 h*lt1 at cost less ImpalrmènL Analys1$ of Inve$tm¢nts Falr value at year end Cost1•85 5mpalrment Ca¥h or eash equivalents Li$¢gd rnvgstments Investment propertiès Sottol Inve$tmÈrklS Other investments 100 rotal 100 Grand total IFalr value at year end+Cogt less Impalimentl CC178 (Excell 30 1911212025
17.3 If your Charity holds investment properties, please compl8t8 thè following not•: lil Explain the methods and $lynlfi¢ant as8umpllon$ In determln¥ng the lair value of investment property held by the charity lill Name or independent valuer. il applicable. and relevant qualifications liiil Provlde details of any restrlctitsns tsn thè abillty to realise investment property or on the remittance of tncome or disposal proceeds livl Explain any corltractual oblig81ion$ lor the purchase. constru¢tlon or development of investment propeTty or for repairs, maintenance or enhancèments 17.4 Please provide a breakdown of current asset Invostmants. If applicabl8, agrèèlng wlth th• balancg sheat. Analysis of currant a$sét Investments Thls year Last y8ar Cash or cash equivalents Listed Investments Investment properties Social investments Other Investments Totsl 17.5 Guarantèes Please provide details and amount of any guaranteè made to or on hall of a thlrd party Name of the entlty or entities bèn&fitting from those guarantees Please explain how the guarantee furthern the charlty's aim5 17.6 Concosslonary loans Description Thls ytar£ Last year £ Amount of con¢esslonary loans made Imulrfple loans madè may bè d15elosèdln aggrtryié pravid8d thatsuch oggragatlon doas ngrobscur951gnlfvan¢ Informatlonl. Total CC17a (Excell 31 1911W2025
Description Thls year £ Last year£ Amount ol concesslonary loans received (Mulllple loans rncglvedmay btrdi$¢l0s8dln •99r89• provldodiharsuch aggregitlon noi obscurn slqnlllcantlnformatlon). Total Terrn¥ and eonditions e9 Interest raie. security provided Value ol any conce5sionary loan$ whi¢h have beèn committed but not taken up at the reporting date Amounts payable within 1 year Amounts payable after more than 1 year Amounts rècelvable wlthin 1 year Amounts re¢eivable after moro than 1 year 17.7 Addltlonal infomiation P18a58 providè Infornlation about the $19nilicance of investmvnts to th* charity's flnan¢ial position or perforrnante e9. term$ and conditions ol loans or the use of hedging to manage financial risk. For all Investments measured at fair value. th• basis lor deterrnining the value. includin9 any assumptions applied when using a valuation technique. Where a ¢harlty or rts gubsidiary has pro¥id•d financial assets as a fom) of security. the carrying amount of linancial asset pl¢dged as Security and the tèrms and ¢onditions relatbng to its pledge. CC17a IExcell 1911212025
Section C Notes to the accounts Note18 Stocks Please complete this note if the charity holds any stock items 18.1 Please state the carrying amount of stock and work In progress analysed between activities. Stock Donated goods Work in progress For distribution For resale For distribution For resale Charitable actlvlties: Opening Added In period Expensed in period Impaired Closing Other trading activities: Opening Added in period Expensed In period Impalred Closing Other: Opening Added In period Expensed In period Impalrod Closlng Total this year Total previous year 18.2 Please specify the carrying amount of any stocks pledged as security for liabilities CC17a {Excel} 33 1911212025
Section C Notes to the accounts (cont) Note 19 Debtors and prepayments Please complete this note if the charity has any debtors or prepayments. 19.1 Analysis of debtors This year Last year Trade debtors 197.0 197.0 Prepayments and accrued income Other debtors 495.0 354.0 795.0 10,608.0 Total 1,487.0 11,159.0 Complete 19.2 where a material debtor Is recoverable more than a year after the reporting date. 19.2 Disclosure of debtors recoverable in more than 1 year (included in debtors above This year Last year Trade debtors Prepayments and accrued income Other debtors Total CC17a (Excel) 34 1911212025
Section C Notes to the accounts (cont) Note 20 Creditors and accruals Please complete this note if the charity has any creditors or accruals. 20.1 Analysis of creditors Amounts falling due within one year This year Last year Amounts falling due after more than one 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 1,158 1,093 Taxation and social security Other creditors 2,970 1,653 Total 20.2 Deferred income Please complete this note if the charity has deferred income. Please ex lain the reasons wh income is deferred. Movement in deferred income account This year Last year Balance at the start of the reporting period Amounts added in current period Amounts released to income from previous periods Balance at the end of the reporting period CC17a (Excel} 35 1911212025
Section C Notes to the accounts {cont) Note 21 Provisions for liabilities and charges You should complete this note if you have included in the charity expenditure any provisions. A provision is made when the charity has a liability of uncertain timing or amount. 21.1 Please provide: a brief description of any obligations on the balance sheet and the expected amount and timing of resulting payments: an indication of the uncertainties about the amount or timing of those outflows; and - the amount of any expected reirnbursement, stating the amount of any asset that has been recognised for that oxpected reimbursement. 21.2 Movements in recognised provisions and funding commitment during the period This year Last year Balance at the start of the reporting period Amounts added in current period Amounts charged against the provision in the current period Unused amounts reversed during the period Balance at the end of the reporting period 21.3 For any funding commitment that is not recognised as a liability or provision, provide details of commitment made, the time frame of that commbtment, any performance-related conditions and details of how the commitment will be funded (with contracts for capital expenditure separately identified).. 21.4 Where unrestricted funds have been designated to a fund commitment, please disclose the nature of any amounts designated and the likely timing of that expenditure. CC17a (Excel) 36 1911212025
Section C Notes to the accounts (cont) Note 22 Other disclosures for debtors, creditors and other basic financial instruments 22.1 Please provide information about the significance of financial instruments (eg. debtors, creditors, investments etc) to the charity's financial position or performance, for example, the terms and conditions of loans or the use of hedging to manage financial risk. 22.2 If the charity has provided financial assets as a form of security, the carrying amount of the fjnancial assets pledged as security and the terms and conditions related to its pledge should be given here. CC17a (Excel) 37 1911212025
Section C Notes to the accounts (cont) Note 23 Contingent liabilities and contingent assets 23.1 Contingent liabilities Where the charity has contingent liabilities, please complete the following section unless the possibility of their existence is remote. Description of item including its legal nature. Please describe any security provided in connection to the liability. Estimate of financial effect 23.2 Contingent assets Where the charity has contingent assets. please complete the following section when their existence is probable Description of item Estimate of financial effect 23.3 Other disclosures for contingent assets andlor liabilities Please provide the following information where practicable". Explain any uncertainties relating to the amount or timing of settlement; and the possibility of any reimbursement Where it is not practical to make one or more of these disclosures, please state this fact CC17a (Excel) 38 1911212025
Section C Notes to the accounts (cont) Note 24 Cash at bank and in hand This year Last year Short term cash investments (less than 3 months maturity date) Short term deposits Cash at bank and on hand Other Total 29,780 54,013 CC17a (Excell 39 1911212025
Section C Notes to the accounts (cont) Note 25 Fair value of assets and liabilities 25.1 Please provide details of tho charity's exposure to credit risk (the risk of incurring a loss due to a debtor not paying what is owed} , liquidity risk (the risk of not being able to meet short term financial demandsl and market risk (the risk that the value of an investment will fall due to changes in the market) arising from financial instruments to which the charity is exposed at the end of the reporting period and explain how the charity manages those risks. 25.2 Please give details of tho amount of change in the fair value of basic financ5al instruments Idebtors, creditors, investments (see section 11, FRS102 SORP)) measured at fair value through the SOFA that is attributable to changes in credit risk. CC17a (Excel) 40 1911212025
Section C Notes to the accounts (cont) Note 26 Events after the end of the reporting period Please complete this note where events (not requirlng adjustment to the accounts) have occurred after the end of the reporting period but before the accounts are authorised which relate to conditions that arose after the end of the reporting period. Please provide detalls of the nature of the event Provide an estimate of the financial effect of the event or a statement that such an estimate cannot be made CC17a {Excell 41 1911212025
Section C Notes to the accounts (conti Note 27 Chari funds 27.1 Dotails of material funds held and movements during the CURRENT reportlng period Please give details olthe movements of material individual funds in the repong period togethèr with a balancing figure for'other funds'(which should include revaluatlon reserve and fair Yalue reserve. if appll¢ableJ. The Total funds. figure below should re¢on¢lle to Total funds'in the balance sheeL ' Key.. PE- pernMn•nt endowment funds.. EE- expendable endowmentfunds,. R- rnstricted income lunds. Including special trusts. of the ¢h•rlty.' and U- unrestricted funds Fund Fund balances balances brought ¢arrl•d forward forward Tyw PE. EE RorUR" Galns and Ios50S Purpoye and Rostrl¢tions Income Expenditure Transfers Fund nam•s Old Hospilal Projecl Angling Festival Minehead E5 lanade Enhancement To provide opportuniltes for visitors Develop opportunities lor fishin indusl Minehead's Enlerpri51ng Esplanade Used for Ihe approved community project, restricted solely lo projecl expenditure 953 953 1.759 57.152 1.759 57,152 National Lottery Community Fund 65.292 51.287 14,005 Somersel Wildlile Twsl Used lor dimale adaptation vKJrk Used lo support Ihe Information Cent For poetry and lestival evenls To improve the 81D area 1.014 796 217 Somer5el Council- HTAP 7.636,103 6,079 7,630.024 Minehead Town CoLtncil 2,064 5.857 7.122 1,621 4.601 150 443 Minehead 81D 1,256 10.909 Unreslricied Income Fund 3.937 Other funds {b8l•n¢lng flgurn) Nla Nla Total Fundy as p•r balancé shwt 63.801 7.717.452 121.687 7,659,567 Yes. No. Fund balances carried forward Include •$sets and liabilities denominat•d In • for•lgn currency Ifyes. please state the basis on whlch the assets andlorliabililies have been translatedinto si•rling (or the curyency in which the accounts are drawn up). CC17a (Excell 42 1911212025
Section C Notes to the accounts (cont) Note 27 Charl funds 27.2 Details of material funds held and movements during the PREVIOUS reporting period Please give details of the movements of material indivldual funds in the repo.ng period together with a balancing figure for 'Other funds. (which should include revaluation reseThe and fair value reserve, if applicable). The 'Total funds, figure below should reconcile to 'Total funds. In the balance sheet. . Key.. PE- pemianent endowment funds.. EE- expendable endowment funds,. R- restrictod income fund$, including special trusts. of the charity.. and U- unrestricted funds Fund balances brought fonvard Fund balanees carried forlvard Type PE, EE RorUR" Purpose and Restrictions Galns and losses Income Expenditure Transfers Fund names Old Hospital Project Angling Festival Unrestricted Income Fund To provide opportunities for visitors Develop opportunities for fish industry 953 953 1.759 1,532 109,700 1,759 3,937 S7,152 15,095 40,000 12.690 Minehead Esplannde Enhancement Minehead's Enterprising Esplanade 92,548 Other funds (balancing figure) Nla Nla Total Funds as per balance sheet 113,944 55,095 105,238 63,801 Yes. No. Fund balancos carrled forward Snclud• assèts and Ilabllltl•s denominat¥d In a foreign ¢urren¢y CC17a {Excell 43 1911212025
Section C Notes to the accounts (cont) Note 27 Charity funds (cont) 27.3 Transfers between funds Reason for transfer and where endowment is converted to incorne, legal power for its conversion Amount Between unrestricted and restricted funds Between endowment and restricted funds Beeen endowment and unrestricted funds 27.4 Designated funds Planned use Purpose of the designation Amount CC17a (Excel) 1911212025
S@ctioii C Notes to the accounts Icontl Note 28 Transactions with trustees and related partles If the clmrity has any transKtlons wlth rélatoulpartlos (other than the tntstee expenses explalnedln guldan¢e notes) detams ofsuch tr4nsacdons should be pmvlded In thls note. If th¢rn arè no transa¢don$ to report please enter Yyue" In the box or"False° If thorn are tr*n$actlons to reporL 28.1 Trustee rnmunèration and beneffts None of thè tru$tsos have been pakl any remunoralk•n or re¢olvod any oth•r boneftts from an omploymont with theiT charlty or a related entity (True or False) TRUE In the pwlod the charftyha$pald tm$to0s romunernuon andbenellts. Please glve the amount of, and kgalouthorlty for, any remuneratlon orotherbenefits pald lo a (mstee by the charlty orany Instllukn or wnpany connectedwllh 1£ Amounts pald or benefft valuo Thls R•dundan¢y (Includlng los¥ of offl¢•y•x grat Lastyear Legal authorlty (eg orderl govorning do¢ument) RomuTr•rntlon n$lon contrlbutlon TOTAL enwloyment benellts were pald. provlde an explanatlon of the nature of the payftrt. If a thlrdparty has been rolmbiffSOd forprovldlng ono or more twstees. stato the naturn off th• payment and amount olthe relmbutsemenL are a¢¢rnlng undera dallned contrlbutlonpenslon schomo. 28.2 Truste8s' expenses Irtho ¢harltyhas pald trnstses expenses for fuffllllng thelrdutles, detalls of sueh tran$a¢tlon$ should beprovlded In th1$ note. ff there aro no transxtlons to report pleaso ontor wfruevln th• box below. Ird are tsxnsa¢tlons ¢0 report pleaso ¢nt¢r"False". No trustso &xp•n$•8 hav8 boan Incurred (Tn or Falae) Type of expenses relmbursed Th18 year Lastyear CC17• (Excel) 19112r2025
Travol TrUE TAUE Sub$istence IRUE TRUE Accommodatlon IRUE IRUE Other Iploase 8po¢lfy): IRUE TrUE TOTAL Plea88 provlde the number of Iru8tee8 relmbursed for expenseg or who had exponges pald by the ¢harlty 28.3 Trnn8actlon(8> wlth related partla8 Please glve d8talls of any transactlon undertaken by (or on behalf 09 the charfty In whkh a relatedparty has a materfal Interes Includlng where funds have been heldas agent forrelatedpartles. If there are no such transactlonsi plèase etttor Yrne. In the box provlded. Thorn havo bgen no relatod party transaGlkin8 in th• roportlng perk•d (True or FalBe) Amounts wrltten off durlng reportlng rlod Name of the trugteo or related party Rolationship to charlty Degcrfpllon of the tran3actlon(s) Balance at Porlod and Provlslon for bad debts at perlod end Amount In ral•don to the transactlons above please provlde the ternis andeondftlons, Includlng any $6curty and th• nature of anypayment (¢onslderatlon) to bo provlded In settlemeft Forany relatsdparty please pmvlde detalls olary guarnntees gfven orrncefved CC17a (Excel 48 19112R025
Section C Notes to the accounts (cont) Note 29 Additional Disclosures The following are significant matters which are not covered in other notes and need to be included to provide a proper understanding of the a¢counts. If there is insuiTicient room here, please add a separate sheet. CC77a (Excell 47 1911212025