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 $talemonts'. ISRE 24LY) also requiT8S us lo comply
Ihe ICAEW Code of Ethlcs.
Scopo of tho assurance rgvl•w
A review of financi818taternents in accordance with ISRE 2400 IRevised}18 a Ilmlled aSSura￿e gngagement.
We have performed addilional procedures lo those requlred under a wmplellon ongagemenl. These prhnarfly
consist of making enquiries of management and others wlhSn the enllty, as approprlale. ap￿￿ng an8W¢al
procedures. and evaluating the evidence obtaingd. The procedures performed in a revfew are substsnllatly less
than Ihosg performed in an audll conducted In accordance ￿th Internallonal S18ndards on Audilthg (UK and
lrnlandl. A¢cordlngly. we do not express an audit oplnlon on Ihese finan¢ial statements.
Gon¢1￿10n
Based on our revtew. nolhiro ha¥ come to c4Jr attention that causes us to bel￿e that the finan¢il slatements
have not been prep*ed:
- so as lo give a true and fair vlew of Ihe stale of the ¢ompanls aff8trs a8 8131 October 2024, and of
net movement of fund$ 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' ICharit*B3 SORP FRS 102), and wlth the Compan188 Act 2006.
The Charity has appllgd Update BUNet￿ 1 as publisF*d ¢)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