Compary Registration Number: 07745594 Regist¢r¢d Charbty Number. 1147691 MARYVALE COMMUNfry PROJECT (A registered charity. and a company limited by guarantee) REPORT OF THE DIRECTORS & TRUSTEES & FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2021 •AB7APYMZ¥ 01107r2022 OMPANIES HOUSE A07
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Company Registral)n No.. 07745594 MARYVALE COMMUNITY PROJECT. istered chari and a com limited bv uarant•el CONTENTS OF THE FINANCIAL STATEMENTS For the ear ended 31 October 2021 Page Company InfOrman Report ofthe Directh and Twslees Report of the Ind8penderrt Examiners Statement ol Fina4?1 Activits 8alan¢e sheet Notes lo the FinaThial Statements 10-14
Company Registr*ion No.. 07745594 MARYVALE COMMUNftY PROJECT Istered chari and a corn an limtted b uarantee COMPANY INFORMATION For the ear ended 31 October 2021 DIRECTORS AND TRUSTEES Mrs Bartwa A O'CaLgghan Mr Anthony F [er Father Hudson's &Kiety Miss Mary T A Welch Mr t)omiroc J FaEEy Chairperson Treasurer Corporate direclor Parish rerrfesentative COMPANY SECRETARY Mr Anthony F [tr REGISTERED CHARITY NUMBER 1147691 REGISTERED OFFICE Maryrfale Community Certre Old Oscott Hill Birniingham West Midlands B44 gSR MAIN OFFICE r Lady of The Assumpb'¢)n CnMUnty Centre Old Oscott Hll Bimiingham West Midland$ B44 9SR INDEPENDENT EXAMINERS Four Oaks Taxation & Aco)untarw ServKes Ltd Suile D. Astor House 282 Lthfidd Road Fijur Oak$ Sutton cordr Wesl Midlands B74 2UG Page 1
Company Registration No: 07745594 IAARYVALE COMMUNITY PROJECT istered cha and a com an limited b uaranteg REPORT OF THE DIRECTORS AND TRLISTEES or the ar ended 31 October 2021 The trustees of the charity. vtho are also directors of the company. present their antJJal reprt together Nvilh the charitable companys financial statements. the yew ended 31 Oraober 2021. REFERENCE AND ADMINISTRATIVE DETAILS These delails are sh)wn on the'company Infomiation. page. on Page 1 of tr£se financial slalements. INTRODUCTION Maryvale Community Project ('MCW) is at one aThJ the Same time a registered charity and a registered company. The persons whose names appear on page 1 of these acLL)unts are both trustees for the purpose of charity law and directors for the purposes of company law. AccordirvJly in this annual report they will be described as Charity t'rectors. The Charity Directors have pleasure in presenting ther annual report together th MCP'S audited finanoal statements for the ended 31 October 2021. PRINCIPAL ACTIVITIES AND OBJECTIVES The Artides of Associalb)n specfy the charitable objects f(K which MCP was established name. °the advancement of atizenship or community developmenl: and the relf of those in need by reason of youth, age, ill-heallh. disability. financial hardship. or other disadvantage. army in carrying out these obje¢ts, the charty shall remain inspired and guided by ts ethos a1 values of rts Mission Stalement.- MCP seeks to serve those resmjent primarily in the Pish of Maryvale. defined as the kn'ngstsndirKJ. Great Barr and Pheasey Estste areas of N¢)rth East Biningham. The principal activities of MCP in the JEar under review have been the management and development of a eommunty project for the fvrtheran of the abDve otfj'ects. the organi8ab.on ar Operatic of:. - A weeY Lunch Club: - The Sunshine Club,. Home visiting,. - Telephone befriending.- - AssistirvJ elderly parishioners to attend Mass on SuThJays: arKI - to that end. employing staff. engagtng volunteers and making numerous an1 applications. BACKGROUND Originally, Mawale Communty Projed was an unino)rporated wimunity-based organisation which was formed following the recognitK)n by the then parish priest of Our Lady of the Assumption. cathol Church. Father David Oakley (as he then was) of the signrfunt needs of the ddedy population of the local ¢ommunity in the Parish of Maryvale. The Maryvale Community Centre vrds, at that lime, an exlremely valuable but much. urKlerused and rather run-down resource. Father David re(wnised that it o)uld be applied to much greater advantage as a focal E)oint wthin the communty. provKling a place for local people to meet and socialise, take part in activitie5, find support when need and a base from which support *thers and yonteerS could provide services to that end. A committee of volunteers was formed 2005. 11 vras fflade up of parishM)rws with experience and professional expertise in the ky0visn of la1 care and supkkn. An extensive nsu$ was conducted wthin the Parish and local community to establish the wecise needs which needed to be met. At the same time plans were put in place for Ihe extensive renovation and improvement of the building fabric of Maryvale Community Centre itsdf such that it would be ready lo meet the needs identtfied by the census. Page 2
Company Registration No: 07745594 MARYVALE COMMUNITY PROJECT R Istered Cha and a Com Limiled B Guarantee .REPORT OF THE DIRECTORS AND TRUSTEES Icontinued orthe ear ended 31 October 2021 BACKGROUND CONTINUED Based on the census results, and substsnlial S1cant supw)rt sKovided by Father Hud$on's Care, funding was obtained Irom the Big Lottery Fund which funded Mi> four years. MCP was incorporated in August 2011. tsking over the asse15 from the unirK0rpated organisatn became a Registered Chanty in June 2012. STRUCTURE. GOVERNANCE AND MANAGEMENT MCP is established as a company limited by arantee. Each of Ihe legal membws of MCP to whom thb port ts addressed has undertaken. rf ever MCP shouhj have to be wound up, to ntrilte a fixed sum to fund to pay off MCP'S uedilors. That ts the guarantee. As a cL¥npany. MCP has lo have a Board of Directors who have to ensure that MCP COMleS with the law aplIcae lo all companies whether large or Small or whether they are CharItae (K trading concerns. MCP is also a wistered charity and so the Board of Directors. as far as th8 Charity CommissKm is concerned. performs the same furttions as any Trustees of a charity do namdy ensuring that MCP fuifils its tharitable objects. The founding documents of MCP are its Memorandum and Artides of As$o¢iation and the Mission Statement. The Arkndes of Asso¢ialk)n are the oificial legal rulebook which governs both the Charity Directors and the le1 member5 of MCP. Legal IAembers are those entitled to attend arKI vote at AGM. They need rK>t be rnembers of the Tuesday Lunch Club or users of Y of the services *thich MCP provides. Those Charity Di¢10r5 who are natural persons gNe their b'me and 5ervicEs voluntarily and receive nts salary, wage or benefits from MCP. Whil$l the Charity Dired(xs do have a legal ents"demenl lo reclaim eXnSeS properly ineJJrred. no such claim has ever been made. Under the Articles ofAssctiakn"on. Father Huds,$ Care shJl at all times during the ContinUare of MCP be Corporate Diredor aThJ shall be entilled to be represented al meetings of the Ch8rity Directors by ore or more natural persons provided those persons are over the age of 16 and 1$ not othewse disqualrfied from boirsg Charity Director. Currenuy both Mrs Joanne Watters and Mrs Verrona W(xleY are assigned to assist thThe Project The Charity Directors manage MCP. The Mirjes of AsSocialn rwire that Ihere shall be nol les5 than S Charity Directors at any gwÈn time. Ordinary meetiros of the Chwty Directors SI11 be quorate If al least 2 Charity Dire¢tors are present or one thd of the to number of Charity Directors al the tsme vthi¢hever IS the greater. There is still an urgent need for further recruitment lo the Board of Charity Directors. Genero1 Meebngs of MCP shall be quorale rf 5 members are present or one tenth of the total membership al the lime, whichever is the greater. Oeu's•)ns at all meetings shall be carried by a simple majority of those present and qUaIrf lo vole. The Chair thll have a casting vote in event d a be. The py)wer of appointment of Charity Direct$ ultimately rests wilh the Legal Membws. The Charty Dtrectors are entitled to appoint others to the Board in between Annual Gerwal Meetwigs but such appointments must be ratified at the next ensuirwj Annual General Meetirb9. Copies of the Memorandum and Arb"des of Assocaats"on and the Mi55ion Statement ale published on the MCP website and hard ¢opi¢s may be obtained by sending a woperly prepawj arxl self4ddressed envelope to th& Company Secretary at the Reyslered ChTice of MCP. Page 3
Company Re9Straft No.. 07745594 MARYVALE COMMUNrrY PROJECT Charit and a Corn is an Limited ara te REPORT OF THE DIRECTORS AND TRUSTEES For the ear ended 31 October 2021 ontinued THE BOARD OF CHARITY DIRECTORS AND TRUSTEES The members of the bowd. tho are direct¢XS for the purposes of wmpany Liw. and trustees for purposes of charity law. and who served during the year or since the year erxl up to the dale ol thi5 reporL vre as follows: Directors and Iruslees who served during the year'.- Mis Barbara A O'callaghan - Chairperson Mr Anthony F - Treasur Miss Mary T A Welch Father Hudson's Care Iesented by Mrs Watters an(1 ltrs Verrona Woodley) Mr Dominic J Fahey (appointed on g October 2021) I directors and trustees gfrle their tirne and services voluntarily. and receive no sary. wa9e or benefits from the charltable eompany. The Cornpany Secretary. Mr5 Joy Dodd. reSPJn on 30 July 2021.and was replxed by Mr Anthony er. Having been appointed durirKJ the year, Mr Domin Fahey retire at the Annual General Meeting IAGMI, an(1 being eligble lo do so, will apply for reappointmenL As explained at the last AGM of MCP. the Charity Directors have been seeking to Kjentfy addilKThl persons kn join Board. ApplicalKKts from willing Candilales would be very wekome. and iThYeed are now urgertty ne&Yed. REVIEW OF THE YEAR'S ACTIVITIES AND PERFORMANCE The charitys activities have conts.nued to be Severely curtailed due to Goven¥nent restriGtv)ns in relation to the Covid-19 pandemic, and our core activitw only resumed in ea$1 arwnd Atsgust 2021. Our Project Manager. Joy Dodd resigned in July, bul her assistant Donna Crosvley ¢onb"nues to do a fantasb"c job for us. and is very kN)pular and hugely appreciated ty those we serve. t as Joy was our main apleT for gant funding, Father Hudson's Sooety has had to step into trKea¢h. and has provided a staff member to apply for grants on our behalf. The trustees would like to express their thanks lo both Joy and to Father Hudson's Societyfor their fundraisiw this year. wttmyjt vthich we woukd have been unable to continue. and to all those fun¢J providers listed in Nole 2 to the a¢¢rwnls, fry their genbyws Support in a lime when all small loo¢al harities have experienced tremendous difflty and slrain. Indeed, we find tyJrselves in a lar healthier financial position ot the erKI of this sEar. than we were fa¢ing a yEar a9). The oblaining of funding has MaIned a wyity, the FPaI policy of the Charity DirectCf5 for the year under r8view was to keep MCP futIonIng in accordance with its charitablè objecls. The Charity DectorS are hopeful that the ctrning year will be a fully ath one. and that all sernces can be fully resumed for the benefrt of those for whom MCP cares. Our Small Club Lottery. MCP 50150, has conlinued to be suspended due to Ihe Covid 19 Pandern. Our Sunday Minibus service was another casualty of Covid-19. as it was iMr)ssie to have elderfy passengers all together wlhin the confined space of a miniiws. and this conth.nues lo be the case. However Ihe Pojecl still provLdes IFfts to Sunday Mass in private cars for some of wr ex-minibus passengers, every k. Wtthoul our many volunteers. we simFrfy could not functK)n effectweTy arKI the Charity Oirectors extend their grateful thanks lo each and everyone of them fw thew sdfless giving of tr*ir lime and enwgy lo MCP'S activities. Page 4
Company Registration No.. OT745594 MARYVALE COMMUNttY PROJECT i$t•r¢d Charlt and a ComDan LSmlted B Guarant•• REPORT OF THE DIRECTORS ANO TRUSTEES For the ear ended 31 Octobèr 2021 continued RISK POLICY The Charity Director5 identrfy the key5 risks vthith f* MCP as ng.. 111 the loss ol its funding,. and 121 Ihe loss of ils excellent reputathjn within the Ictal tmmunity due k> - impruderrt use of funds received", or - complaints ati5ing from the of its mission. To manage these risks the Charity Directors continue to lake follrj actn$.. Loss offunding - MCP Manr pr(#Juces a detailed fUndY plan to Irack aPpltKls. This is monthty in a meeting th Mrs Wallors and quarterly at a Board Meetiro ol the Charity Directors. - The Charity Directors agiee on onr1 tsjdget at the beginning of each accounting year. This is Teviewed in the same manner as the funding plan. Furthermore, those Charity Direclors who are reg¢slered signatwies for MCP'S on4ine account refer to this budgel before authorising expenditurn. - Finally. MCP receives finanod supwxt fiom Fat Hudson's Care. Impnjdent u$8 of fvnds received - Three of the Charyty Directors act a5 the FinarKe Commitiee of the Board and are the authorised signalories for on-line bankn"ng. Chtyues require Charity Oirectors io si9n. - The annual accounts are prOfesSK)nal aL#Jited. The Charity Directors keep these polKies under revthv and irKleed add lo or update them as the law requires. RESERVES POLICY MCP'5 policy is to maximise its inee•ne for the furtherdnce of its charitae objects. Both restricted and unrestricted funds are made use of lo enable MCP to operate effeclwety and lo cover ils on-going running costs. FUTURE PLANS In 2017118, the Charity Directors prepared and adopted a 11>poinL &year Acth)n Plan. of the followirvJ wlll be of particular interest lo the members: Recruitment of additional volunteers., - COnversn to a Chwitable in(woraled OrganisatK)n Iflo.). The original impetus for MCP be¢ing a wistere(I chty ¥vas that its in¢ome (Ihen from the Big Lottery) exceeded the permitted limit. At thal slage. there was 0Y one viable legal vehide for MCP lo do this and that was to become a company limited by guaranlee as explained above. The Charity Commission is now enccNJraging all charities to nVert to CIO status. A CIO does not have lo function exady as a rnpanY does. It will still have a constilution and will Wlsh finan¢ial stslements tMJt it wll only have to file documents with the Gharily Commission rather than with both the Charity Commission and Companies House as MCP does al wesefil. Furthemore. by nol having to imitate the way a company operate5 in every detail. the Charity Directors hope to make the gerwal meetings of MCP a lrttle less fomal. This important change remains under Considerati by the Charity Directors. Lt would be wt tefore the members at a future Annual General Meeting before being implemented. Page S
Company Re9$tralion No.. 07745594 REPORT OF THE DIRECTORS AND TRUSTEES For the ear ended 31 October 2021 continued RESPONSIBILITIES OF THE DIRECTORS AND TRUSTEES The trustees Iwho are also di¢1¢y5 of Maryvale Community Proiecl for the purpose of company law) are responsible for preparing the Trustees. Annual Report and Ihe financk41 staternents in accordance with applicablo law and United K#igdom Accounts"ng Sj*d$ {Uriled KingJL¥n Generally Accepted Atxounting Practice). Company law req¥Jires the truslees to wepare fnanckal slalements for eath finanaal yEar. whrh give a tnJe ancl fair view of the stale of affaits of the charitable company and of the incomirrfJ reSoUrS and application of resources, induding the irtome arKI expenditu, of the ¢hJitable comp•ryfor that per)d. In pparr Ihese financial slalemenls. the trustees are required to. - selecl suitable acc(yJnb"ng poliCS and apFdy thern consistently, - observe the rnethods anil principles in the Charities SORP 2015 {FRS 1021.. - make judgements and estimate5 that are Teasonat4e and FKudent: - state whether aPIcable UK Accounting Siandards have been fc4I¢w. subject to any material departures disclose¢J and explained in Ihe finarKial 5tatements.' aThJ - prepare the financial statements on the going conrn basis. unless it is inappropriate to presume that the charitsble company will (x)nlinue in operats"on. The trustees are responsible for keeping a¢Jequate 8ccounts.ng rew¢Js and that disdose with reasonable accuracy al any time Ihe financial position of the CharItae company and enae them to ensure that the frncIal statements com wlh the Companies Act 2(X)6. They are also rÈsponsiblè for safeguarding the assets of the Gharilable company arKI hence for taking reasonatle steps for the prevention and detection of fraud and other irrelaTits. In so far as the trustees a aware.. - tt)ere Is no relevant audit InfrnatiOn ol whth the charitaLrfe cornpanys auditor 15 unaware,. and - Ihe Iwslees have taken all steps that they ought to have taken io make Ihemsdves ayare of any relevant audit information and to estak4i5h that the audilor is aware of that information. INDEPENDENT EXAMINERS Four Oaks Accountancy Servw, havirwJ indicated their wilingness lo continue in Offe, wll be proFosed for reapwntment at the Annual Geral MeetiTrJ. This rep¢yt has been wepared in acctvdae the"Statement of Recommended Practice.. Accounting and ReportiThJ by Chaiities- lissued in January 20151 and in accordance with ts speoal Fyovisions of Part 15 of the Companies Act 2006 relating lo small ccAnpanies. APPROVAL OF THE DIRECTORS ANO TRUSTEES Apwoved by the directors and trustees on , and slwl the behalf by.. Barbara O'callaghan Chairperson, Director Trus Dale Pag8 6
INDEPENDENT CHARTERED ACCOUNTANTS. REVIEW REPORT TO THE DIRECTORS OF MARYVALE COMMUNITY PROJECT A reai5tered chari and a ¢om an limited b uarantee We have reviewed the financial stalernents of Maw8le Communty Project for the year eryjed 31 Oclober 2020 whlch mprise the Statement of Financial Act1wt$, the Statement of Net Assets arhj the related notes 110 15. financiJ reporting frame that has been appl1 in Iheir yeparation is aPTrable law and Urdled Kirodom AccountirKJ Standards {Untted Ki@om Generaty Accepted Accwnting PraCte), including FSnanclal Reporting Standard 102 The Finawat Reporbng StsrNJ8nl apalle in thE UK and Republic of Ireland.. This report is made solet0 Ihe cornpatys in acctydarKe ¥Ath ¢xff tems of engagement. Our revlew has been undertaken so that we rnht stale to the directh those matters that we have agreed with them engagement18ller. and for no other purtx)se. To the fvllesl extent pemitted by law. we do not ac£epl or assume re5ponsibllty to anyDne other than the e4)mpany and the cornpatys direclors for our wck. for this rewt. the fA)ndusions hwe ftymed. Dlrectors. responsib•lity for the flnancial statements As explained more fully in Ihe ResponsiiNliiies of DwectoKs aTrJ TfU51ees statement on page 5. the directors ar8 responsible for the preparation of the fina181 slatemenls. and for beiry sats"sfied that they give a true and fair A¢¢ountants' rgsponslbiltty CJr responsibility Is lo express a conduslon based on miew oftt)e finawal statements. We conducted our review in &cordan¢e th International Standard on Review Engagements (ISREI 2400 (Revised). 'Engagements lo review historical financi stalements. aNI ICAEW Technical Rdease TECH09113AAF 'AssurarKe review engagements on hislorKal fnCial slatements,. ISRE 2400 also requires us to mplY the ICAEW Code of Ethtcs. Scope of the assuran¢e review A rewew of financial statements accJydanee ISRE 24W IRevi5edl is a hmrted assuran£e enga9emenL We have perfonned adOnal pro¢thres to those rewired a complebon jageMent. These primarily const of making enquSrlgs of managemenl and others hithin tha entity. as apwoprfate, appl9 anaWcal prot•[?$. and evaluating the evidence obtslned. The wocedur&s Ferformed in a review arg subanlially less Ihan Ihose pgrfonnqd In an audit eonduci¢d In aceofdance with IntemabDnal st81d8 on rt1t¥j {UK arttl Ir•land). Acc41rJty, we do not exp$8 an ¥lit nnlnknn thnAnr441 AttAmAntA Concluslon Based on our rewew. rthIng has c(wne lo our attenlM)n that causes us lo believe that the financial statements have not been prepared.. - so as to 9Ne a Ift and fair viewof the sLite of ts c4Jmpanrfs affavts as at 31 Ck¢obw 2020. of Its nel movement of funds for the year then ended: - in a¢ctydance wilh United Kin>lom Generally Apted Accounting Practi. irKaudiro Financ Reporting Standwd 102 Tr FinaTh) R¢wrtij Star¥Jard aprficable in tr Unlled K¥i>Yom and RblItt of Ireland.: and - in aCC(Kdar with the requirements of Ihg Companles P£t 2(th. Four Oaks axalion & P<country SeThices Ltd Suite D. Astor House 282 Lichfield Road Four Oaks Sutton Coldf*ld West MidlaThJs B74 2UG
Company Rw"stral?n No.. 07745594 MARYVALE COMMUNrrY PROJECT istered charitv and a comDanv limited bv Are uarant&) STATEMENT OF FINANCIAL ACTMfiES FOR THE YEAR ENDED 31 OCTOBER 2021 ReStrted Funds Total 2021 Funds 2020 In¢oming re50ur¢es Grants and donations 50150 aub Other Project fundratsing Total Incoming resources 6,499 41.059 165 5.322 47,558 165 5.322 53.045 34,336 560 4.392 39,288 6.499 Expendlttsre Staff costs (salaries, NIC & pensThs) Workplace pensions Staff trainintravel 26.451 33.415 24.957 1,987 451 27.395 Staff ¢osts 26,451 33.415 Rgnt Insurance Stationery and pF)locopyiThJ Tdephone and internet and Irte Computer cosls Posiage Calering and resour5 for groups Volunteers. expenses Travel subsidies for the eldedy Management & payTOtI adminislration 50150 Club prizes Sundries Auditors. remuntration Deweciation of fLxed assets 750 1.100 508 1,592 162 64 1.288 750 1.470 677 2,157 212 1.500 1.576 1,485 1,974 360 82 1.369 140 685 3,500 370 83 1,020 18T 370 169 20 429 1.717 870 2,630 1.260 170 10.215 170 12,688 2,473 14.331 Total expendlturè 9,437 46,103 41.726 NEf MOVEMENT IN FVNDS 12.938) 9.880 6.942 .438) Funds broughi forward 5.018 215 5.233 7.671 FLxKls transfer FUNDS CARRIED FORWARD 10.095 12.175 5,233 Pagg 8
Company RegislratKm No: 07745594 MARYVALE COMMUNifY PROJECT islered charit .andacom Ilmlted.b arantae BALANCE SHEET AS AT 31 OCTOBER 2021 Restricled UnrestrKt FurKIs -ed Funds Total 2021 2020 Fixed Assets 1.025 1.025 871 Current Assets Debtors Cash al bank and in hand 569 569 18,408 20,488 18.97_7_ 21.057 2.070 19.377 21.441 2.080 2.080 Creditors. amounts falling due wlthin on• year {7.907) (7.W7) (15.079) Creditors - amounts falling due after more than one year 10 (2,0001 (2.000) (2.000) Net Assets 2.080 10.095 1Z.175 Accumulated funds Brought foThvard Nel movement frx year Funds transfer Carried forward 5.018 {2.938) 215 9.880 5.233 6.942 7.671 (2,438) 11 For the year ended 31 October 2021 the company was entiued to exemption from audit under section 477 of the Companies Act 2006 relating to small wmpantes. The members have not required Ihe company lo obtain an audit in accordance V+ith Section 476 of the Companies Act 2006. The charity directors ackrwledge their re5w)ns4bility for complying wilh the requirémenl$ of Ihg A¢1 with respect lo accounting records. and f¢y the weparaiEon of accounts. The financial statements have been wepared in COrdance with the special FfOViSWts ap1¢able lo Companies subject lo the small companies re9ime. Approv•d by the charfty directors. and $lgned on th•lr behalf by.. Mrs B O'Callaghan- C1rperS0n. ector arKI Trustee 3.I.o.l.xi. - Treasurer. thrector arid Trustee Page 9
Company Registration No: 07745594 MARYVALE COMMUNITY PROJECT ere hari and a com an edb is NOTES TO THE FINANCIAL STATEMENTS FOR THE Y&qR ENDED 31 OCTOBER 2021 1 ACCOLINTING POLICIES Basis of preparation Mawale Community Project is a chitable rnpany Ilmited ty guarantee. vhich is a public benefrt entity. registered in England. The address of Ihe registered offre is given on the rnPany infomiation page, found on page 1. of the fmancial statements. The nature of the charitys operations and principal actNIts'es can be fovnd within tl Report of Dwect¢YS and Trustees. The financial slalemenls have been prepared under the hi5tMcal cx>sl convention. in accordance wmh FRS 102 effective January 2015. and in ac¢))rdance with the Ststement of Recommended Practice- Accounting and Rewting by Chafilies. (Charilies SORP FRS 102), and with the Companies Act 2006. The Char'ty has app¢ied UFrfiale Bunelin 1 as wblished on 2 Febnwy 2016 arkl does not indude Statement of Cash Flovrs on the wunds that is ap[Irj FRS 102 Section 1A. Going ¢on¢em The financial statemenls have been prepared on a'90ing COern bags.. which assumes the continued supwt of CharItae ¢nJsls and ottw donors. be¢ause the directors arvj tnjslees remain confidant thal this support will conts.nue to be forthcomrr@, and that therefore the charitsble Cornpany can ctinue to operate, and to meet its finanual obligations a5 they fall dLe, for the foreseeable future. No provision has been made in these financial statements for the difference betwean asset values as they appear in the balarKe Stre[ tsEir re4isat4e vaues should the 0panY be Jund up, rKY for any costs of "quIatn. Financial Instruments Financial instruments are dasFifle(l acc¥)unted as finanija assets. financial liabilities or equNy inslrumenls, according lo the substarrE of each conlraclual arrangement. An equity inslnjment is any conlracl that evidences a residual interest in the assels of the compary after deducting all of ils Tan9ibl¢ fixed as$¢ts A55els havin9 an estimated usefLI lrfe of more thon one year are capitalw at cost. and depreclation 1$ provkled al Ihe follwng annual rales, in order to WTite off each asset over its estirnaled useful lrfe: Fixtures & fittings offi equipment - 15% reduang balan . 33% on reducww balance Debtors and creditors Debtor5 and Creditors vAth no staled inlwesl rate, %thich are reable or payable wthin year. are recorded al transaction wice. Any losses arising from iMpaMent we recognised in expenditufe. Page10
Company Rei¢ strdtion No.. 07745594 MARYVALE COMMUNrrY PROJECT Istered charlt andacom an limiledb uarantee NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2021 1 ACCOUNTING POLICIES (Continuedl Incoming resources All incoming resources a induded in the sLement of finarriaf athrlJe5 then the charil8ble company is legally entitled to the incorne, ttEre is certainty of re¢eipt, and the amount can be quantifted wlh reasonable accuracy. Income WAII only be deferred vknere a dornr specffies that li musl only be used in future accounting peri¢yJ5, or there a Colbon$ whKth must be met fore the charitable company has UrKondrtlal entillement. Incoming resources are staled gross of any expenditure whh may have been deducted or to receipt. Entitlement to kgacies is taken as the earlier of the tharitable C£panY beiry notifd of the Impending cJistributic, or the lew bery re1ve(l. Grfts in kind, donaled lor distritiOn. are uded as ir*Me when they are distritrMJted. Grfts donated for resale are induded as income tftthen they a sdd. Donated facilities, vknere a third paty is bearing the $1. are induded at Iheir value to the charitable ganISatiOn. vknere this can be quantrfied. Resources expended All eKpendilure FS a¢courted for on an accruals basis. Funds Stwu¢ture MCP currently has of furNJs. Unrestric arvj fEstrKled. Unrestricted funds havo arisen from incoming resources received towards, and as a result of. the main aims and objectives of MCP_ Restrle fun¢Js have arlsen re incoming resources have been raised and received with particular aims and objectives in mind. Such fvnds may onty be expeIe¢j l¢y4rdrds achieving tse particular aims and objectives. Pension costs and oth•r post•11rernent benefits Staff parbcipate in a definetl contributw PenSn scherne. Contribulrr3 payatAe lo the pension scheme by the charilable cofflpany are charged to the Statement of Finanual Activities in the period to which they relate. Volunteers and donat•d s•r¥ic•s and faciliti•s The value of service5 provided by vdunteers is not irKluded in these finatal stalemenls. Further details of the contributions made by volunteers rnay be found in the Anwa Report of the Charity Drectors. lrnecoverable VAT Irrecoverable VAT is charged against the cate9Jry of resources expernyed in rewect of thicrt.it vras incurred. Page11
MARYVALE COMMUNITY PROJECT Istered.chari . and.a com an Ilmited b uarante• NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2021 2 GRANTS & DONATIONS RECEIVED 2021 2020 Father Hudson's Care (managementfees waived) 29th May Charitable Trust Eveson Charitable Trust Roger & Douglas Turner Charilable TnJsl Birmingham City Council NalN)nal Lottery Heart Of England Harry Poyne Fund (Heart ENJ81 Ccrfnmunty FOUndan) Worshipful Company of Innhol¢Jers Edgar E Lawley Foundation Francis Winham Fourmlatron Michael Marsh Charitsble Trust Charlotte Marshall Charitable Trust Asda Foundation Joseph Hopkins & Henry James s Trusts A OToole Family Awards For Al Resilien Fund HOECF GJW Tumer Trust Groundwork - Carriers F Causes WED Charitsble Trust b1h1 & Grimley Charitale Trusl Edward Cadbury Other small individual donalKffls 3,500 3.000 6.000 3.000 2,490 2,500 2.000 1.200 499 750 30Q 9.800 5LKI SC 1.975 47,558 2.276 34.336 3 AUDITORS REMUNERATION 2021 2020 External examinels MraOn 1,280 1.020 4 TRUSTEE REMUNERATION 2021 2020 Payments made to InJ51ees for a¢Jitional ser¥eS KoMded to Ihe woject by agreement. Number of trustees vtho were patd expenses Page 12