2024-08-31-accounts - Muted

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Registered Charity Number: 1153117

Report of the Trustees and Unaudited Financial Statements for the year ended 31 August 2024

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Contents of the Financial Statements for the year ended 31 August 2024

Page Report of the Trustees 3 Independent Examiner’s Report 4 Statement of Financial Activities Balance Sheet 6 Notes to the Financial Statements 7 - 9 Detailed Statement of Financial Activities 10

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Report of the Trustees for the year ended 31 August 2024

The trustees present their report with the financial statements of the charity for the year ended 31 August 2024.

The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) ‘Accounting and Reporting by Charities’ issued in March 2005.

REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity Number 1153117

Principal address: 9 Astle Court Arnold Nottingham NG5 6RU

Trustees

D. Fairman - appointed 18.07.2013 D. Burns - appointed 06.01.2014 C. Stephenson - appointed 26.06.2015

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is controlled by its governing document, a deed of trust, and constitutes an unincorporated charity.

Risk Management

The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.

Approved by order of the board of trustees on 16/01/2025 and signed on its behalf by:

……………………………………………. Trustee

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Independent Examiner’s Report to the Trustees of Muted

I report on the accounts for the year ended 31 August 2024 set out on pages three to six.

Respective responsibilities of trustees and examiner

The charity’s trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this period (under Section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is required.

It is my responsibility to:

Examine the accounts under Section 145 of the 2011 Act;
To follow the procedures laid down in the General Directions given by the Charity Commission (under Section 145(5)(b) of the 2011 Act); and
- To state whether particular matters have come to my attention.

Basis of the independent examiner’s 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, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a “true and fair view” and the report is limited to those matters set out in the statements below.

Independent examiner’s statement

In connection with my examination, no matter has come to my attention:

Which gives me reasonable cause to believe that, in any material respect, the requirements
To keep accounting records in accordance with Section 130 of the 2011 Act; and
To prepare accounts which accord with the accounting records and to comply with the accounting requirements of the 2011 Act have not been met; or
To which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached

SUNNY ACCOUNTANTS LIMITED

KARL WATTS BSc(Hons) ACA CTA ATT MUTED

Statement of Financial Activities for the year ended 31 August 2024

UNRESTRICTED RESOURCES Incoming resources from generated funds Voluntary Income RESOURCES EXPENDED Costs of generating funds Costs of generating voluntary income Governance costs Support costs Finance costs Total resources expended NET INCOMING RESOURCES TOTAL FUNDS CARRIED FORWARD	Notes		2024 2023 Unrestricted fund 4,497 47,662 1,331 7,583 623 11,209 410 4,193 75 113
			13,238 12,299
			(8,741) 35,363
			(8,741) 35,363

The notes form part of these financial statements

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Balance Sheet at 31 August 2024

Notes FIXED ASSETS Tangible assets 4 CURRENT ASSETS Debtors 5 Cash at bank CREDITORS Amounts falling due within one year 6 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES NET ASSETS FUNDS Unrestricted funds 7 TOTAL FUNDS	2024 2023 Unrestricted fund - - - - 40,399 49,120
	40,399 49,120 (431) (410)
	39,968 48,710
	39,968 48,710
	39,968 48,710
	39,968 48,710

The financial statements were approved by the Board of Trustees on and were signed on its behalf by:

……………………………………..

Trustee

The notes form part of these financial statements

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Notes to the Financial Statements For the year ended 31 August 2024

1. ACCOUNTING POLICIES

Accounting Convention

The financial statements have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008), for the Charities Act 2011, and the requirements of the Statement of Recommended Practice, Accounting and Reporting for Charities.

Incoming resources

All incoming resources are included on the Statement of Financial Activities when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy.

Resources expended

Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life:

Equipment - 33.3% reducing balance

Taxation

The charity is exempt from tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

2. TRUSTEES’ REMUNERATION AND BENEFITS

There were no trustees’ remuneration or other benefits for the period ended 31 August 2024

Trustees’ expenses

There were no trustees’ expenses paid for the period ended 31 August 2024

3. STAFF COSTS

Wages and salaries £ 5,000

The average monthly number of employees during the period was as follows: 1

No employees received employments in excess of £60,000.

4. TANGIBLE FIXED ASSETS

COST B/F Balance DEPRECIATION B/F Charge for the year NET BOOK VALUE at 31 August 2024	Computer Equipment £ 2,496
	2,496 0
	2496
	0

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024 2023 £ £ Other Debtors -

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Accruals Other Creditors	431 410
	431 410

7. MOVEMENT IN FUNDS

Unrestricted funds General fund TOTAL FUNDS	Balance at 2023 Net movement in funds At 2024 48,710 (8,741) 39,696
	48,710 (8,741) 39,969

Net movement in funds included in the above are as follows:

Unrestricted funds General fund TOTAL FUNDS	Incoming resources Resources expended Movement in funds £ £ £ 4,497 (13,238) (8.741)
	4,497 (13,238) (8,741)

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Detailed Statement of Financial Activities For the year ended 31 August 2024

INCOMING RESOURCES Voluntary Income Donations Total incoming resources RESOURCES EXPENDED Costs of generating voluntary income: Fundraising, advertising & PR costs Governance costs: Accountancy Legal & Professional fees Support Costs: Postage & Stationery Sundries Wages Depreciation Finance: Bank Charges TOTAL RESOURCES EXPENDED NET INCOME	2024 2023 £ £ 4,497 47,662
	4,497 47,662
	4,497 47,662 1,331 7,583 623 410 - -
	1,954 7,993 - - 6,209 4,193 5,000 - 0 0
	11,209 4,193 75 113
	13,238 12,299
	(8,741) 35,363

This page does not form part of the statutory financial statements