2024-10-31-accounts

Company Rogistration Number: 07745594 Registgred Charity Mumbor: 1147691 MARYVALE COMMUNITY PROJECT IA rog18t•rod charlty, and a company Ilmlted by guaranto9) REPORT OF THE DIRECTORS & TRUSTEES & FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2024

Compary Registration No.. 07745594 COMMUNITY PROJECT dacom Ilmltad b IstsrBd harl CONTENTS F THE FINANCIAL TEMENTS ar end￿ 3 Octobgr 2024 Company Informatton ReFQrt of the Direclors and Trustees Report of Ihe Independent Examlners Statement of Flnandal Activllles Balance sheet Notes to the Financial Stslements 10-14

Company Regislralion No.. 07745594 MARYVALE COMMUNITY PROJECT stered charl and a com an limlted rant60 COMPANY INFO For tho èar on 310 TION be 2024 DIRECTORS AND TRUSTEES Mrs 8arbara A O'callaghan Chairper30n Mr Anthony F th￿r Treasurer Mrs Joanne S Walters Father Hudson's Care repre8entativo Mr Domlnlc J Fahey Parish representsb've Miss Mary T A Welch TNslee wtthoul portfollo COMPANY SECRETARY Mi fvnthony F t￿￿r REGISTERED CHARITY NUMBER 1147691 REGISTERED OFFICE Maryvale Communty Centre Old Oscott Hlll BIrMin￿arn Wesl Midlands 844 9SR MAIN OFFICE Our Lady of The Assumption Community Centre Old Oscott Hdl Kingstandlng Birmlngham B44 9SR INDEPENDENT EXAMINERS Four Oaks Taxatron & Accounting Services LSmlled Sulte D. Astor House 282 Lichfield Road Four Oaks Sutton Coldfield Wesl Midland$ B74 2UG Page 1

Company R8gistralKJn No.. 07745594 MARYVALE charfl and OmmUNI￿ PROJE an Ilmlted b to uarantee REPORT OF THE OIRECTORS AND TRUSTEES For the ar endgd 31 Octob•r 2024 The tru¥lees of the ch8rily, who are also d1￿ctOrS of the company, present their annual report. together wllh the charrtable comp8nls financial slalements, for the year ended 31 October 2024. REFERENCE AND ADMINISTRATIVE DETAILS These details are shown on Ihe'company Informallon, page. on Page I crf these financial statements. INTRODUCTION Maryvale Community Prolect {'MCPI is al one and the same time a reglslered charity and a rggislered company, The persons whose names appeor on pag8 1 of these accounts are both trustees for the purpose of charity law and directors the purposes of company law. Accordingly in this annual report they will be described as Charty Directors. The Charity Directors have pleasure in presenting their annual report together th MCP'S audited financial statements for the year ended 31 October 2024. PRINCIPAL ACTivrriES AND OBJECTIVES The Artides of A$S￿latIon specify the charttable objects for whtch MCP was estsblished namely.. 'Ihe advan￿ment of oxlizen$hlp or community developrnenl,. and the relief of those in need by reason of )uth, age, ill-health, disability. financial hardship, or other disadvantsge. and in CaTTring out these objects. the charlty shall iemaln inspired and gukied by the olhos and values of its Mission Stalemenl.. MCP seeks to serve those resiéenl piimarily in the Parf8h of Maryvale. defined as the KSng5land￿g. Grgal Barr and Pheasey Estate area5 of North Easl BirmI￿ham. The principal actiw1￿S of MCP in the year un(Jer revbw havg been the managernenl and development of a community project lor tho furtherance of the above oblects, through the organisalion and operation of..- - A weekly Lunch Club.. - The Sunshine Club.. Horne v￿lling,. - Telephone befriendin9', The In and Out Club.. and to these ends, employing staff. engaging volunteers and making numerous grant applicallons. BACKGROUND Originally, Maryvale Communlty Project was an unSncorpoTated community-based organigalion which was formed following the recognition by the then parish rxiesl of Our Lady of the Assumption. cathol￿ Church, Father David Oakley las he then was) of the glgnificanl needs of the elderty population of Ihe lTrxl community in the Parish of Maryvale. The Maryvale Communlty Centre was. al that tsme, an extremely valtjable bul much-underused and rather run-down resour¢e. Father David rec4)gnised that il could be applied lo rnuch greater advantage a5 a focal point within the community. providlng a place for local twple lo me818nd socialise. lake part in aclivilies. find support when In need and a base from which support workers and volunteers could provide services lo that end. A committee of volunleeis was formed in 2005.11 was made up of parishioners wth experience and professlonal expertise in the provision of soryal care and 5UPPOrt. An extensive census was conducted wlhln the Parish and local community lo establish the preuse needs which needed lo be mel. Al the same lime plans were pul in place for the extensive renovation and improvement of the building fabric of Mawale Community Centre itsew such that il wwld be ready to meet the needs Idenlrfied by the census. Continued... Page 2

Company Registration No.. 07745594 MARYVALE COMMUNITY PROJECT rgd Charlt and a Com LIMIt￿ B Gu is REPORT OF THE DIRECTORS AND T oar endod 31 Odober 2024 contlnued BACKGROUND CONTINUED Based on the census ￿SUrts, and with subslanlial and sign￿[cant support provided by Father Hudson's Care, fvndlng was obtained from the Big Lottery Fund which lundgd MCP for four years. MCP Was incorForaled in August 2011, taking over tha assets from the unincorporated organisalion and became a Registered Charlty in June 2012. STRUCTURE. GOVERNANCE AND MANAGEMENT MCP is established as a company limited by 9uarantee. Each of the legal membBrs of MCP lo whorn this reportls a￿d￿ssed has undertaken, tf ever MCP shotjld have to be wound up, to contribute a fixed sum to a fund lo pay off MCPS creditors. That is the guarantee. As a company. MCP has lo have a Board of Directors who have to ensure that MCP complies wth the law appltcable lo all companies whether larg8 or small or whether they are charitable or trading ¢oncern5. MCP is also a registOTOd charity and so the Bo8ffl of Directors, as lar as the Charity Commission is con¢emed. performs the satne funotions as any Trustees of a charty do namely onsurSng that MCP fulfils ils charitable objects. The found1￿ doGuments of MCP are its Memorandum and ArtIGles of Assoclallon 8nd the Mlsslon Slalemenl. The Articles of Assoclalion are the offlclal legal rulebook which g)vems both the Chartty Directors and the legal members of MCP. Legal Members are those enlilled lo attend and vote at the AGM. They need not b members of the Tuesday Lunch Club or users of any of the serv￿eS which MCP provides. Those Charity Directors who are natural persons give their lime and servi￿S voluntarily and receive no salary, wage or benefits from MCP. Whilst the Charity Directors do have alggal enliUem¢nl lo reclaim sxpons8S properly incurr8d. no such clalm has ever YBI been madg. Urnler the Articles of Association, Father Hudson's Care shall al all tim8s during the cont1nuan￿ of MCP be Corporate Oirector and shall be enlrtied lo be represenleé al meetings of the Charity Directors by one or more natural persons provided those persons are gver the age of 16 and is not olherwise disqualified from being a Charity Dbreclor. Currently both Mrs Joanne Walters and Mrs Verrona Woodley are assigned lo assist the Proied. The Charty Directors manage MCP. The Articlgs of Association reqLslre that there shall be not los$ than 5 Charity Directors al any given time. Ordinary meetings of the CharSty Dlrectors shall be quorale rf al least 2 Charity Directors are present or one third of the total nunber of Charity Directors al the lime whlchever Is the greater. There Is still an urgent nee(J for further recruilmenl lo the Board of Charity Dire¢loTS. Genwal Meetings of MCP shall be quor81e ff 5 members are present or one lenlh of the total membership at the lime, whichever is the greater. Decisions at all meetings shall be carried by a simple majority of those present and qual&fied to vole. The Chair shall have a casting vole in the event of a lie. The power of appointment of Charity tl'reclors ultimately rests wlh th8 L8gal Memters. The Chartty Dlreclors are enlilled to appoint others to the Board in beiween Annual General Meetings bul such appointments must be ralrfi8d al the next ensuing Annual General Meeting. Copies of the Memorandum and Artlcles of Assodallon and the Mission Statement are published on the MCP website and hard copies may be obtained by sending a property prepaid and self-addressod envelope to the Company Secretary al the Registered Office of MCP_ Continued... Page 3

Company RegislralK)n No". 07745594 MARYVALE COMMUNITY PROJECT istor8d Charit and a Com Llmitod B AR REP F THE DIRECTORS AND TRUSTEES ar ended 31 October 2024 conllnued THE BOARD OF CHARITY DIRECTORS AND TRUSTEES The membeT$ of the board, who are directtys for the purposes of company law, and trustees for PLrrposes of charty law. and who served during tho year or since the year end up to the date of this report. werè a$ follows,. Directors and trustees who servgd during the year'.- Mrs Barbara A O'callaghan - Ch8irperstsn Mr Anthony F Dwyer- Treasuier and Company SecT¢tary M1s5 MaryT A Welch Father Hudson's Care Ir8presenled by Mrs Joanne S Watters and MS Verron8 B Woodleyl MT Dominic J Fahey- Parish representslive AJI élreclors and trustees give their time and services voluntarily, and rocelve no salary, wagB or bengfi15 frorn the Charitable company. Verrona Woodley was made redundant by Father Hudson's during the year. and we will soon also lose Jo Watters, as she has been promoted to lead Father Hudso's going forward. Father Hudson's Care hove offered us the services of Emily Pugh. who vlll be their new. sole reprsentslfve on the Board of Tnjslees. These changes have yel lo be formally registered al either the Charity Cornrnission or al Companies House. In accordance with the companls Arhdes of Association. Mr5 Mary Welch will felire by rolat￿n al the Anrrtjal Ge￿ra1 Meellng IAGMI, and being eligible to do so, VAII apply for reappoinlm8nl. As explain￿ al the last AGM of MCP, the Charity Directors have been seeking lo identify additional persons lo join the Board. Applleallons from willing candiijales would be vory welcome, and indeed are now urgenuy needed. REVIEW OF THE YEAR'S ACTIVITIES AND PERFORMANCE In the years since the pandernic and the subsequent c051 of livlng erisis. the need for the ProiecV5 core activities has become even more iTllPOrtant to older people and 8iJults with leaming ar￿ physkal disabilities. and the effects on Iheir mental health and wellberng has bemme more prevalent. Over the last year the Impact of these issues has worsened, and therefore the need for our supp￿1 ha5 increased. AI MCP we work vllh some of the most isolated an(i vulnerable people in the Kingstsndir@ and Okl Oscott areas of Birmin9ham, who struggle with day-l¢)4ay Ilving, and being accepted by society. We delfver the fonowing core acllv((ies lo reduce the feelings of i5dation and loneliness by developing and suslaining:_ A weekly lunch club for people over 55 who are experiencSrKJ feelings of social isolation and loneliness. We provide a warm and welcoming safe space where older people receive a fv40-course healthy meal, p8rt1cipate in a varigty of light exercise, and joSn In ￿￿1h muslcal entertainment.. Sunshine Club, a weekly evening friendship group for adults ￿th leomlng and physical dSsabllities. W¢ provide a safe space where adults with disabllities can meet up, participate in games. arts and crafts and light exerci$8S. In and Out club is a weekty educallonal dub %there we explLYe and develop lite skills, such as Cooking. stawng safe. personal hygiene workshops and Irips. MCP'S aclivib'es are led by our part lime Community Outr8ach and AcllvS1ies Coordinator alOngs￿e a dedicated leain of volunlegrs wlhout which we simply coukj not continue the necessary work. Father Hudson's Care l FHCI have continued lo support Maryvale Communlty Project by prowding a board member. additional support regarding fvjnding Sp￿IcatIonS and HR mallers on behalf of MCP. by both the Head and Depuly of FHS Comrnunily Projects. Conlinu8d.. Page 4

Company Reglslrauon No: 07745594 ITY PROJECT Llmlted B Guarante8 L-J.. ered Charft

nd a Com

REPORT OF THE DIRECTORS AND TRUSTEES Fortha ber 2024 co RISK POLICY The Charity Directors hjenlfy Ihe keys d8k8 wht¢h fa¢e MCP as belng: 111 the loss of its funding.. and 121 the loss of Its exGellenl repulatlon wlthin the Iwal communlty due to etther hTrprudenl use of fvnds, or to complalnts arlslng from the Car￿n9 out of its mlsslon. To manage theso rfsks the Charlty Dir8clor¥ conlinve lo take the fotlowng acttons: Loss oflundlng - MCP Manager produces a detailed fvnding Flan to trxk appl￿￿$. This is revthved monthly In a Tr￿lIng with Mrs Watters and quarterly al a Board Meeting of the Charity Directors. - The Charlty Dlreclors agree an arfftual budget at the beglnning of each accounllng ￿81. Thls 1$ reviewed In the 38me manner as the fundin9 plan. Fvrthemiore, those Charity Dlrectors who are reglstered signalorEs for MCVS on4ine account refer lo Ihls bu￿￿1 before aulhorfslng expendllure. - Flnally, MCP recelves finanrAI supp)rtfrom Father Hud8on's Care. Imwudenl use of funds recewed - Three of the Charlty DirecloT8 act a8 the Finan¢e Committee of the Board and are the aulhorised gignatories for oTrline banking. Cheques requir& Charity Directors lo sign. - The annu81 accounts are professlonally audited. - FHC have supported MCP lo produce a detailed fundirvJ plan to track appllcations. an(1 thls is reviewed at the quarterty board meetings of the Charity Directors. Charity Dlreclors keep these policies under regular revlew and indeed add lo or Ltpdale them as the law requires. RESERVES POLICY MCP'S policy is lo maximise ils income for the furtherance of Its charltsble ¢JbI￿ls. Both restricted and unreslrictsd funds are made use of to enabte MCP lo operate effectively and lo cover its on4Jowig running FUTURE PLANS In 2024125. we set out to achiève.. - Conversion to a Charilabte Incorpor81ed Organi5alion (ri￿. - Obtaining of funding.. - Recruilmont of a part-llme Pmle¢t Manager. - Recruftment of •Jdlllonal volunteers. RESPONS181LITIES OF THE OIRECTORS AND TRUSTEES The tnjslees Iwho are also directors ol Maryvale cOrnm￿ty Project for the purpose of ￿MpanY law) we rosponsible for preparing the Tnjslees, Annual Report and the financ181 slalemants In acwrdonce 4)pIKable law and Unlted lfjngdom Accounllng Standards (unit￿ Kingdom Generalty Accepted Accounting practi￿). Company law requ￿8$ the tnjstees to prepare financpl Statements for each financia year. vknich gNe a IN8 faSr vlew of the state of affairs of the charitable company and of the incoming rewJr¢e$ and applicatlon of resources, induding the irwme and expenditure. of the charitable cOmpanYf￿ that pertcd. In preparing these finaniial slalemenls. the tr￿St88S are requlred to:

COMP￿ Reg181raUon No.. 07745594 PORT E DIRECTORS AND TRUSTEES the èar ￿ded 3 October 2024 RESPONSIBILITIES OF THE DIRECTORS AND TRUSTEES contlnued - $8lect sultable aetounbro policies and apply them conslslentty., - observe the methods and prineip19s In the Charltles SORP 2015 {FRS 1021-, - make judgements and è$timaies Ihal are rea$onat4e and pwdenl., - State whether applicatle UK Accounting Standards have been followed, subject lo ary materL81 departures disclosed and eyplalned In the financlal statoments., and - prepare the flnanclal statements on the going concwn b88ls. unles811 Is inapproprlate to presurnfj th* the ¢harKable company wll continue in operation. The trustees are responsible for keeping adequate accounllng records that disck>se with rgasonable a￿UracY al any lirne the financ￿ posith)n of the charttable company and enable them lo ensure that the flnancial slalernents ¢omply ￿th the CompanSes Act 2006. are also responsible for safeguarding thè assets of the charflable comwy and hence for takin9 reasorthle steps for the prevenllon and deteCt￿n of fraud and other Irregulorltles. In so far as the Iru8lees aro aware: - there Is no relevant avdll lrformation of which the charitable ￿mp￿$￿S auditor Js unaware., and - the trusloe8 have laken all steps that they ought lo have taken lo make themsèlves wware of ￿ rel8v8rt audlt Information and lo estsbli5h that the audllor Is aware of that information. INDEPENDENT EXAMINERS Four Oaks Taxation & AccountirrfJ S8rvlces Llmiled. having Srdicated I￿1r willingness to ¢onlinue In offlce. Mll be proposed for reappointment al the Annual Genero1 Meetlng. This report has been prewared In accordance with Ihe"Stalem&nl of Re￿rnrnended Practice.. AcwJnUng and Reportlng by Charllres. lissued In January 20151 and in ac¢ortJ8iice with the speclal provlsions of Part 15 of the Companies Act 2006 ielating lo small comparbies. APPROVAL OF THE DIRECTORS AND TRUSTEES Approved by the dlre¢lors and trustees on . and slgned on thelr behaff by:. Mrs Barbara O'callagh Chairperson, Director and Trustee Dale Page O

INDEP NTC ED OUNTANTS. REVIEW REPO MARYVALE COMMUNITY PROJEC 18tered char THE DIRECT Ll dacom Ilmlted b We have revie%d the flnandal statements of Maryvale Communlty ProJ8cl for the ypar ended 31 Octobei 2024 which comprise the Slalemenl of Flnanclal Activit￿5, Ihg Statement of Net Assets and the related notes 1 to 15. The ffnancial reporting framework that has been apptied In Ihelr prnparalion is ap￿ICable law and United Kingdom Accounting Siand&ds {Uniled Kingdom Generally Accepted AcC￿ntIng ￿8ClICe). induding Financbal Reptyting Standard 102 The Flnanclal Retwting Standard appllcable In the UK and Republic of Irdand,. This re￿￿ 18 made solety to the companys dlrectors In accordartee wilh our lerms of engagemenl. Our revlew has been undertaken so that we mlght state lo the dlreclors those fflatters that we have agreed ￿1th Ihom In our engagemgnl letter. and for no other purpose. To the fuSle$l extent pemiitted by law, we do not acLept or assume reSF￿n51bl1ity to anyono Othgr than the compally and tho companls dlrector8 for our work. for thls report, or the condusions wo have lomed. Dlr•c¢or8' fosDon81bllftv for the flnancl818tateménts As exr48ined more fully in the Responsibilities of Directors and Trusteos Slatgmgnl on page 5, tho directors are responslble for the preparation of Ihe firHncio1 statemenls, and for being satiSf￿j that they gtve a tru¢ and falr vrew. ountants. responslblllty Our responslblllty 1$ lo express a ))￿lUSIon basod our ra￿eW of the finanfyal $tstsments. We IxndL￿1ed our revlew In accordance wth Internall￿al Standard on Review Engagements {ISREI 2400 (Revised), 'Engagements lo roy￿ hislorlcal flnancial statements, and ICAEW Technl¢al Release TECH09113A4F 'Assurance revlew eng8￿ments on hi81orical firtancial $talemonts'. ISRE 24LY) also requiT8S us lo comply Ihe ICAEW Code of Ethlcs. Scopo of tho assurance rgvl•w A review of financi818taternents in accordance with ISRE 2400 IRevised}18 a Ilmlled aSSura￿e gngagement. We have performed addilional procedures lo those requlred under a wmplellon ongagemenl. These prhnarfly consist of making enquiries of management and others wlhSn the enllty, as approprlale. ap￿￿ng an8W¢al procedures. and evaluating the evidence obtaingd. The procedures performed in a revfew are substsnllatly less than Ihosg performed in an audll conducted In accordance ￿th Internallonal S18ndards on Audilthg (UK and lrnlandl. A¢cordlngly. we do not express an audit oplnlon on Ihese finan¢ial statements. Gon¢1￿10n Based on our revtew. nolhiro ha¥ come to c4Jr attention that causes us to bel￿e that the finan¢il slatements have not been preped: - so as lo give a true and fair vlew of Ihe stale of the ¢ompanls aff8trs a8 8131 October 2024, and of net movement of fund$ fry the >par Ihen ended. - kn 8ccordanGe wlth UnTrted Klngdom Generally Accepted AccoLmtir*J Pract￿¢. includlThJ Finarwl Rep(xtlng Stsndard 102 The Ffjnandal Repxting Slandard appllcable h the United lQngdom and Repubiic of Ireland.; and - in accordance th the reqjirements of thg Companies Act 21KJ6. Four Oaks Taxation & Ac£ounUng S￿￿￿5 Llmited Sulte D, Astor House 282 Lthfield Road Four Oak$ Sutton Coldfield Wesl MidlaTrYs B74 2UG Page 7

Company Regstratlon M): 07745594 MARYV Islered charf OMMUNrrY p andac an Ilmlted Are rantee STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 OCTOBER 20 RestrIc￿d Funds Unrestdct d Funds Tot 2024 2023 In￿rnIng rosour Grants and donallon8 Olher Project fundrahing 50-60 Club 25,4S2 11,118 25,452 11,118 25,535 14,897 Total Incomlrtg rèsour 36,570 36,570 40,432 E¥pendltUfe Staff Gosts {8alarles. NIC & pen85ons) Staff trainIn￿traVel 17.￿8 17,968 18,887 226 19. 113 Staff 17.968 Rent Insurance Slalionery and office expenses Telephone and Snlernet and w8bslle Outings and trlps Postage Catering and resourGgs for grnups Volunteers. expens Soclal events Management & payToII adMI￿$tratIon Raffle and bingo prizes Sundrles Exlemal Examiners, costs Depreciotion of fixed assets 3.000 813 3.000 813 22 1,853 2, 136 2,020 2.020 213 5.100 871 16 3.500 137 258 1,260 213 5,100 871 16 3.500 137 258 1.260 4,962 115 514 116 Other Costs 17,292 17.292 Total gxpendlture 35,280 35,260 37,567 NET MOVEMEKf IN FUNDS 1,310 1.310 2,865 Funds bTQU9ht forward 13,888 13.868 I1,￿3 Funds transfer FUNDS CARRIED FORWARD 15.178 15.178 14868 Page 8

Company Regslration No: 07745594 ARYVALE COMMUN and a com PROJECT Ilmlted b BALANce HEET AT 31 OCTOBER 2 Restrlcled Unreslrbl Fund5 -ed Funds Totsl 2024 2023 FIx4d Asso18 Current A88ets Debtors Cash at bank and in hand 638 24.470 24108 20.857 20.857 21.525 21.525 cr￿lItorS - *nounts falllng due YAthln on• year 17,016) 17.0161 (10,008) Cr•dftors- amounls falllng due aft more than ono yoar 10 (2.000) N•t A¥sots 15.178 15.178 Accumulated funds BroU￿t forward Net movement for year Cathed forward 13,868 1.310 13.808 1.310 11.003 2,865 13,868 11 For the year ended 31 October 2024 the ￿1PanY was enlitkd lo exemptlun from audit under secllon 477 of Ihe Compantes Act 20)6 relating lo sm811 companie5. The members have not require¢J the ￿MpanY to obtaln an audtt In acy>)rdan¢o wlth Sedon 476 of tho Companies Act 2006. Thg charity dlrector$ acknovA8dg8 their reSF4M1￿1ty for ￿mp￿ng the r9q￿remeftts ofthe A¢1 wrth respect to accounting records. and for Ihe preparation of 8ccounts. The finarrial statements have been prepared in a￿ordanCe wilh Spe￿31 p￿s1)nS appl￿8 to companies gubjeca to Ihe 8mall companies regkne. Approved by the charlty dlrect¢yrs, and ¥lgn•d on Ihelf behalf by: O'cdiaghan - C rson. irector and Tnjstee - Treasuror, D1￿ctOr and Trustee Page 9

Cofflpany RegIstra￿On No: 07745594 MARYVALE COMMUNITY PROJECT and a Com an rnltod b NOTES TO THE FINANCIAL STATEMENTS OR THE YEAR ENDED 31 OCTOBER 1 ACCOUNTING POLtClES Ba515 of preparatlon M8ryvale Community Pmjecl Is a charitable company Ilmlted by guarantee, vth¢ch is a wNic benellt antity, registered in Enyand. The adéress of the registered is given on the Gompany InEorrnalion page, found on page 1, of the flnan¢lal slatemenls. The naluie of the charfirfs operallons and prfndp81 acUviUes can be found Y￿thin the R8PQrt of Dlrectors arHI Trustees. The f￿￿nc￿91 slalements have been Fwepared under the hl8tortcal cost convention. In accordan￿ ￿￿th FRS 102 effective January 2015. and In accord8nae wlh the Statement of Re¢ommended Practice- Accountlng arKI Reportlng by Ch8ritses' ICharitB3 SORP FRS 102), and wlth the Compan188 Act 2006. The Charity has appllgd Update BUNet￿ 1 as publisFd ¢)n 2 February 2018 and does not include a Statement of Cash FI(Y￿ on the w)urK18 Ihal Is apthng FRS 102 Seclon 1A Golng concern Tha financlal Ylatements have t￿n prepared on a'going concern basls,. vA)ich assumes the continued support of ch8Tltabie trusts and other donors, because the direcloT5 and Irusloes Ternaln conftdent that this support will continue10 be forthcoming. aThJ th81 therefore the charftable rp)mpany can contfjnue lo operate, and to meet Its financial obligatlons as and when they fall duo, for the foreseeable fuiure. No provision has been made In thesè financlal stalemenls for the dlffereKe betssEen asset values as they appear in the balar￿8 sheet, and thelr rgallsablg vatue5 should the Gornpany be ¥￿jnd up. rx)r for ary costs of Ilquklation. Flnanclal instruments FinanGial inslNmgnts are classffted and accounted for as finandal a5s¢ts. fmancial liabllilles or equity inslrumants. according lo the substance of each contractual 8rrangemenL An equlty Instrument is gny contract thal evldence8 a resldu81 kn18rest In the assets of the gjmpany after deducting all of It$ l*bilities. Tangible fixed assets Assets having an estimated useful Ilfe of more than one year are capitalised at cost, and d8pwlation provided al Ihg follow¢ng annual rales, in order lo write off eath asset over ils eslNnaled uyelul Irf8: F5xture8 & fftUTrJs Office equipment - 15% on rethjckng balanc4 - 33% on rodwng balan¢0 Debtorn and credltors Debtors and creditors wlh no 31aled interest rate, wh￿h are recervable or Pafdble wlhin one year. are recorded al transxtion price. Any1053es 3ri5ing from I[np￿(ment are recognised In expeThJiiuTe. Page 10

Company Registration No.. 07745594 MARYVALE COMMUNITY PROJECT Istered charlt and a com Ilrnlted b uaranto8 OTES TO THE YEAR ENDED 31 STATEMENT BER 2024 1 ACCOUNTING POLICIES Icontlnued) Incomlng resource8 All Incoming resources are Included in the slal¢menl of financial aotivits'es when the charita￿8 company is legally enlided to the ir¢ome, there Is certainty of receipt, and the amount can be quanlrfied with reaSona￿e accuracy. Incryne will only be deferred where a donor specifies that rt must only be used in futur9 accounllng perlods. or thero are condilion5 which mijst be mel before the charilat4e company has ￿n￿ndItIonal enttuement. Incoming rfrsources are stated gross of any expenditure which may have been deducted prior lo recelpt. Entitlement lo legacles Is taken as the earller of the charitable company being nolifieej of the impendlng dislribulion, or the18gacy being r¢ceNed. Grfts In klnd, donated for distribution, are induded as kn¢orna when they are dislribuled. Gifts donated for resale are included as income when they are sdd. Donalefj facllltles, where a third paty is bearir the cost, are tn¢luded at their value lo the chwllable organiSa￿n, where thls can be quanlrfted. Resourcos expgnded All expenditure is aocounted for on an ?￿ru01$ b8s18. Funds structure MCP currently has two types of fvnds, unrestrlcled and reslri¢led. Unrestricted funds have arlsen from Incoming resour￿$ rèceived towards. and as a result of. the main aims and objectives of MCP. Reslricled funds have arisgn where Incoming resources have been raised and received ￿th particular aims and objectives in mind. Such funds may only be expended towards achievlng those part'cylar aims and objectives. Penslon costs and oth9r post-rotlrem6nt benoflts Staff participate In a defined contribution pension schene. Conlribtjlions payable lo the pgnsion 5¢heme by the charitable company 8re Chaiged to the Statement of Financial Aclivitles In the pariod to vknich they rdale. Volunteers and donated servlces and faGllltles The value of seNices provided by volunteers is not Included in these financf81 stalemgnls. Further detsils of the contributions made by voSunleefS may be found In the Annual Report of the Charity Directors. Irrecovorable VAT Irrecoverable VAT is charged against thg Category of resources expended in respect of whi¢h il was incurred. Page11

MARYVALE COMMUNITY PROJECT Istered h rft and a com an Ilmlted b Ar• arantee S TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2024 2 GRANTS & DONATIONS RECEIVED 2024 2023 Father Hudson's Care Imanagemenl fees waived) Bailey Thomas Spring Hall Limited Garf￿1￿ Weston 29th May 1961Charilable Trust Charfotte Marshall Ch8ritable Trust Charles Hayward Foundation Te5co Stronger Starts in 8550cialion with Groundwork UK Other small Individual donalSons 3,500 8.000 5,500 3.000 5,000 10,000 1.700 452 25,452 335 25.535 3 EXTERNAL EXAMINERS. REMUNERATION 2024 2023 External examlner's remuneralk)n 1,260 4 TRUSTEE REMUNERATION 2024 2023 Payments made lo trLislees for additv)nal 5eThices provkjed to the project by agreemonl. Number of tTUStees who were pald expenses S STAFF COSTS 2024 2023 Salaries, Soci￿ securfty costs and pensior 17,968 17,968 18.887 18,887 Average numbgr of staff There were no employees who r8¢8Av8d tolalemolumenls f&xcluding employerpenwon costs) of mor& than £60,000 (2023. None). fj TAXATION As a registered charity. Maryvale Communlty Project is exempl from tax on its income and gains lo the extent that these are applied lo ils charitable objectives. No liabilily lo income or COTporalion tax has arisen. Conbnued..... Page 12