Midsomer Norton Community Trust
Charity No. 1180809
Company No. 08604585
Trustees, Report and Unaudited Accounts
31 March 2024

Mldsomer Norton Community Trust
Contents
Pages
2to3
Trustees, Annual Report
Independent Examiner's Report
Statement of Financial Activities
Balance Sheet
Statement of Cash flows
Notes to the Accounts
8t016
Oetailed Statement of Financial Activities
17to18
Page I

Midsomer Norton Community Twst
Trustees Annual Report
The trustee5, who are also direttors of the charity for the purposes of the Companies Act 2006,
present their report with the unaudited financial statement5 of the charity for the year ended 31
March 20,
REFERENCE AND ADMINISTRATIVE DETAILS
Company No. 08604585
Charlty No. 1180809
Registered Offi
Midsomer Norton Town Hall
The Island
Midsomer Norton
BA3 2HQ
Directors and Trustees
The Director5 of the charitable company are it5 Trustees for the purposes of charity law.
The following Directors and Trustees served during the year..
M. Auton
A. De Pughe
N. Errington
P. Flagg
B. Iles
R. Jordan
R. Jordan
G. Mackay
S. Mèrtin
P. Mocock
M. Plant
S.L. Plumley
L Robertson
A. Slade
(Resigned 16 May 20231
(Resigned 31 July 20231
(Resigned 31 July 20231
Accountants
The Waldron Partnership Ltd
30 Circus Mew5
Bath
BAI 2PW
OBJEcfivES AND ACTIVITIES
The Midsorner Norton Community Trust was incorporated as a limited company on the 10th July 2013. It was
registered as a Charity on 23rd November 2018.
As laid out in the Articles of ￿SOcIatiOn The Object5 of the Charity are..
Page 2

DocusbJn ETrvÈlDPè ID". 26699216_1 E3843EA.A454.8AEFgF4EOC15
Mid50mer Norton Community Trust
Trustees Annual Report
The provision, for the benefit of the inhabltants of Midsomer Norton in Somerset and the surrounding area,
of facilities in the interest5 of social Welfa￿ for recreation and other leisure-time occupation for individuals
who have need of such facilities by reason of their youth. ase infirmity or disabilityi financial hardship or
social circumstances with the objective of improving their conditions of life.
The advancement, for the benefit of the inhabitants of Midsomer Norton in Somerset and the surrounding
area, of such other object5 or purposes which are exclusively charitable accordin8 to the law of England and
Wales in such manner as the Trustees may in their absolute discretion think fit.
The Midsomer Norton Community Trust aims to build a vibrant community in the town offering 5pace5 for
groups and running events ourselves to provide recreational activitie5 and othe¥ leisure-time occupation for
individuals who have need of such facilities by reason of their youth. age infirmity or disability, financial
hardship or social circumstances with the objective of improving their conditions of life.
ACHIEVEMENTSAND PERFORMANCE
The Community Trust continued to run the Orchard Hall and Unit 14, with significant community groups
continuing to use the Space.
FINANCIAL REVIEW
The Community Trust had anticipated a phased return to the Town Hall from February 2023, with dull
reoccupation in the summer. However due to Significant delay5 in the building project the Community Trust
were unable to occupy the for the entire financial year, removing it's largest Sour￿ of letting income
alongside key event strearns such a5 the comrnunity Clnema and NT Live programme.
The Comrnunity Trust ran a number of high profile Community Events in this financial ear. Most notably the
Midsomer Norton Music & Arts Festival and Midsomer Norton Fayre, which both attracted around 3,000
visitors over the course of the afternoon, and brought together large ntsmbers of the town's community
groups.
The Community Trust also relaunched the town'5 Chri5trnas Lights Switch-on event, working alongside High
Street trader to bring mLtsic, entertainment and late night shopping back to the Town Centre's festive
celebrations. It also brought the town Wassalllng In February.
The Trustees are responsible for keeping proper accounting record5 that disclose with reasonable accuracy at
any time the financial posttion of the chartty and to enable them to ensure that the financial statements
comply with the Companies Art 2006. The Trustees are also responsible for safeguarding the asset5 of the
charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.
The above report has been prepared in accordance with the provisions applicable to companies subject to
the srnall companie5 regime as set out in Part 15 of the Companies Act 2006 and in accordance with the
Charities SORP IFRS 1021.
Signed on behalf of the board
B. Iles
Trijstee
31 January 2025
9A68ED8ice704FT..
Page 3

Midsomer Norton Community Trust
Independent Emaminers Report
Independent Examiner's Report to the trustees of Mldsomer Norton Community Trurt
I report to the charity trustees on my examination of the financial statements of Mid50mer Norton
Community Trust for the year ended 31 March 2024.
Responslbilities and basis of report
As the charity's trustee5 of the compaiiy laiid also its direitOTs for tl)e pui poses uf coi)Ipaihy lawl you are
responsible for the preparation of the financial statement5 in accordance with the requirements of the
Companie5 Act 20061'the 2006 Act.
Having satisfied myself that the financial statements of the Charity are not required to be audited under Part
16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of
vour charity's financial statements as carried out under section 145 of the Charities Act 20111.the 2011 Act'l.
In carrying out my examination I have followed the Directions given by the Charity Commission under section
145151 Ibl of the 2011 Act.
Independent examiner's statement
I have completed my examination. I can confirm that no material matters have Come to my attention in
connection with the examination giving me cause to believe..
accounting records were not kept in accordance with section 386 of the 2006 Act - or
the financial statements do not accord with those records- or
the financial statements do not comply with the accounting requirement5 under Section 396 of the 2006
Act other than any requirement that the financial statements give a 'true and fair, view which is not a
matter considered as part of an independent examination,. or
the financial statements have not been prepared in accordance with the methods and principles of the
Statement of Recomrnended Prattice for accounting and reporting by charities applicable to charities
preparing their accoursts in atcordance with the Financial Reporting Standard applicable in the UK and
Republic of Ireland IFRS 1021.
I have no concerns and have come across no other matters in connection with the examination to which
attention should be drawn in this report in order to enable a proper understanding of the financial
statements to be reached.
M Martin ACCA
The Waldron Partnership Ltd
30 Circu5 Mews
Bath
BAI 2PW
31 January 2025
Pa6e 4

Midsomer Norton Community Trust
Statement of Financial Activities
for the year ended 31 March 2024
Unrestricted
funds
2024
Restricted
fund5 Total funds Total fvnds
2024
2024
2023
Notes
Income and endowments
from:
Donations and legacies
Charitable activities
Other trading activities
Other
24,120
39,848
20,913
685
23,338
47,458
39,848
20,913
685
76,663
76,611
19.468
620
Totsl
85.566
23,338
108,904
173,362
Expenditure on:
Raising funds
Charitable artivities
Other
1,543
51,745
56,349
1,543
78,095
57.(199
6,918
94,320
74,844
26,350
750
io
Total
109,637
27,100
136.737
176.082
Net gain5 on investments
Net expenditure
Transfer5 between funds
li
124,0711
13,7621
127,8331
12,7201
Net expenditure before other
8ains/llossesl
124,0711
13,7621
127,8331
12,7201
Other 8alns and losses
Net movement in funds
124,0711
13,7621
127,8331
12,7201
Reconciliation of funds:
Total funds brought forward
38,676
33,402
72,078
74,798
Total funds carrled forniard
14,605
29,640
44,245
72,078
Page 5

Docusign Envelope ID.. ¢6784601454E4F7A-8￿2-3lFES0284CsE
Midsorner Norton Community Trust
Balance Sheet
at 31 March 2024
Company No.
08604585
Notes
2024
2023
Fixed assets
Tangiblè assets
13
597
4,353
4.353
597
Current assets
Stocks
Debtors
Cash at bank and in hand
14
575
33,406
20,156
54,137
110,4891
43,648
575
25,632
54,045
80.252
112,5271
67,725
15
Creditors: Amount falling due within one year
Net current assets
16
Total assets less current liabilities
44,245
72.078
Net assets excluding pension asset or liability
44,245
72,078
Total net a55ets
44,245
72,078
The funds of the charity
Restricted lunds
Restricted income funds
17
29,640
29,640
33,402
33,402
Unrestricted funds
General funds
17
14.605
38,676
14.605
38,676
Reserves
17
Total fvnds
44,245
72,078
These accounts have been prepared in accordance with the special provision5 of Part 15 of the Companies
Act 2006 relating to small companies.
For the year ended 31 March 2024 the company was entitled to exemption under settion 477 of the
Companies Act 2006 relating to Small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the
Companie5 Act 2(￿6.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act
2006 with respett to accounting records and the preparation of accounts.
Approved by the board on 31 January 2025
And signed oll its behalf by..
5kn•dby:
B. Iles
Trustee
gKI8EDBtCe704Fr
31 January 2025
Page 6

Midsomer Norton Community Trust
Statement of Cash flows
for the year ended 31 March 2024
2024
2023
astr flowi li Oi
operatiils activltirs
Net expenditure per Statement of Financial Activities
127,8331
12,7201
Adjustments for:
Depreciation of property, plant and equipment
Dividends. interest and rents from investments
Other gains/losses
Decrease in stocks
Ilncre3sel/Decre3se in trade and other receivables
IDecreasel/lncrease in trade and other payables
4,255
16851
9,649
16201
296
389
3,326
17,7741
12,0381
Net cash (used inllprovided by operating activities
134,0751
10.320
Cash flows from investing activities
Payments for property, plant and equipment
Dividends, interest and rents from investments
14991
685
620
Net cash from Investlng activSties
186
620
Net cash from tinancing artivities
Net Idecreasellincrease in cash and cash equivalents
133,8891
10,940
Cash and cash equlvalents at the beginning of the year
54.045
43,104
Cash and Cash equlvalents at the end of the year
20,156
Components of cash and cash equivalents
Cash and bank balance5
20.156
54.045
20,156
54,045
Page 7

Midsomer Norton Community Trust
Notes to the Accounts
for the year ended 31 Marth 2024
l Accounting poll¢les
Basis of preparation
The financial statements have been prepared in accordance with Accounting and Reporting by Charities:
the Fin3ncial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 (effective I
January 20151 (Charities SORP IFRS 10211. the Financial Reporting Standard applicable in the UK and
Republic of Ireland IFRS 1021 and the Companies Act 2006.
Change in basis of accounting or to previous accounts
There has been no change to the accounting policie5 (valuation rules and method of accounting) since
last year and no changes have been made to account5 for previou5 years.
Fund accountin8
Unrestricted fund5 These are available for use at the discretion of the trustees in furtherance of the
general objects of the charitv.
These are Ltnrestricted funds earrnarked by the trustees for particular PUTposes.
These are unrestricted funds which include a revaluation reserve reprèsenting the
restatement of investment assets at their market values.
These are available for use subject to restrictions imposed by the donor or through
terms of an appeal.
Designated funds
Revaluation funds
Restricted funds
Income
Recognition of
income
Income is included in the Statement of Financial Activities ISOFAI when the charity
become5 entitled to, and virtually certain to receive, the income and the amount
of the income can be measured with sufficient reliabilitv.
Income with related Where income has related expenditure the income and related expenditure is
expenditure
reported gr05S Ill the SOFA.
Donations and
legacies
Voluntary income reoived by way of grants, donations and gifts is included in the
the SOFA when receivable and only when the Charsty has unconditional
entitlement to the income.
Tax reclaims on
Income from tax reclaiTll5 is included in the SOFA at the same time as the
donations and gifts giftldonation to which it relates.
Donated services
These are only included in income Iwith an equNalent amount in expenditurel
and facilities
where the benefit to the Charity is reasonably quantifiable. measurable and
material.
Volunteer help
The value of any volunteer help received 15 not included in the accounts.
Investment income This is included in the accounts when receivable.
Gainslllossesl on
Thi5 includes any gain or Ioss resulting from revaluing investments to market value
revaluation of fixed at the end of the year.
assets
Gains/llossesl on
investment assets
This includes any gain or1055 on the sale of investments.
Page 8

Midsomer Norton Communlty Trust
Notes to the Accounts
Expenditure
Recognition of
expenditLJre
Expenditure is recognised on an accfuals basis. Expeniliture includes any VAT
which ¢annot be fully recovered, and is reported a5 part of the expenditure to
which it relates.
These comprise the costs associated with attracting voluntary income, fundraising
Expenditure on
Expenditure on
These comprise the costs incurred by the Charity in the delivery of its attivities and
charitable activitie5 services in the furtherance of its object5, including the making of grants and
governance costs.
All grant expenditure is accounted for on an actual paid basi5 plus an accrual for
grant5 that have been approved by the tru5tee5 at the end of the year but not yet
paid.
These include those costs associated with meeting the constitutional and statutory
requirements of the Charity, including any auditlindependent examination fees,
costs linked to the strategic management of the Charlty, together with a share of
other administration costs.
These are support costs not allocated to a particular artivity-
Grants payable
Governance costs
Other expenditure
Taxation
The charity is exempt from corporation tax on its charitable activities.
Tangible fixed assets and depreciation
Depreciation is provided at the following annual rates in order to write off each asset over it5 estimated
useful life..
Fi)rtures, Fittings &
EqLtipment
25% straight line
Cineffia equipment
25% straight line
Stocks
Stock is included at the lower of cost or net realisable value. Donated items of stock are recognised at
fair value which is the amount the charity would have been willing to pay for the Items on the open
market.
Trade and other debtors
Trade and other debtors are recognised at the settlement amount due after any trade dlscount offered.
Prepayments are valued at the amount prepaid net of any trade discounts due.
Cash and cash equivalent5
Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other
5hort-term highly liquid investments with original maturitie5 of three months or less and bank
overLtrafts. In the statement of financial p051tion, bank overdraft5 are shown within borrowings or
current liabilities. In the Statement of Cash Flow5, cash and cash equivalents are shown net of bank
overdrafts that are repayable on demand and form an integral part of the company's cash management.
Page 9

Midsomer Norton Community Trust
Notes to the Accounts
Trade and other creditors
Short term creditors are measured at the transaction price. Other creditors and provisions are
recognised where the charity has 8 present obligation resulting from a past event that will probablv
result in the transfer of funds to a third party and the amount due to seltle the obligation can be
measured or estimated reliably. Creditors and provisions are normally recognised at their settlement
dmounl alter allowii)g loi aiiv Lrade di5Luunls due.
Pension costs
The charity operates a defined contribution plan for its employees. A defined contribution plan is a
pension plan under which the company pays fixed contributions into a separate entity. Once the
contributions have been paid the company has no further payments obligations. The contributions are
recogni5ed as expenses when they fall due. Amounts not paid are shown in accruals in the balance
sheet. The assets of the plan are held Separately from the company in independently administered
fund5,
Receipt of donated goods, facilities and services
All donated goods. facilities and 5etvices received are recognised within incoming resource5 and
expenditure at an estimate of the value to the charity.
2 Company status
The company is a private company limited by Buarantee and consequently does not have share capital.
Page 10

Midsomer Norton Community Trust
Notes to the Accounts
3 Statement of Financial Activities- prior year
Unrestricted
fund5
Restricted
funds Total funds
2023
2023
2023
Income and endowments from:
Donations and legacies
Charitable activities
Other trading activities
Other
5.627
68,611
19,468
620
71.040
8.000
76,667
76,611
19,468
620
Totsl
94.326
79.040
173,366
Expenditure on..
Raising funds
Charitable activities
6,918
61,976
61,554
6.918
94.320
74,848
32,344
Other
13,294
Total
130,448
45,638
176,086
Net incorne
136,1221
33,402
12,7201
Net incorne before other
8alnslllossesl
Other gains and losses:
Net movement In funds
136.1221
33.402
12,7201
136,1221
33.402
12,7201
Reconciliation of funds:
Total funds brought fon￿ard
Total funds carried forward
74,798
74,798
38,676
33,402
72,078
4 Income from donatlons and lega¢les
Unrestrirted
Restricted
Total
Total
2023
2024
Town Council Management
Grant
10,000
10,000
9,996
Orchard Trust
4,881
746
Donations
3,622
3,622
Other grants including HAZ
culture
20,498
13,338
33,836
61,040
24,120
23,338
47,458
76,663
Page 11

Midsomer Norton Community Trust
Notes to the Accounts
5 Income from charitable activities
Unrestrirted
Total
Total
2024
2023
Events
17,440
17,440
25,630
Cinema
5,940
8,OLK)
37,041
76,611
Youth
Hall and room hire
22,408
39,848
22,408
39,848
6 Income from other trading activities
Unrestricted
Total
Total
2024
2023
Rental income Unit 14
19,320
1,453
140
19,320
1,453
140
11,403
5,507
2,558
19,468
Cafe Bar
Adhoc Events
20,913
20,913
7 Other income
Unrestricted
Totsl
2024
Total
2023
Sale of items
685
685
620
685
685
620
8 Expenditure on raising funds
Unrestricted
Total
Total
2024
2023
Fundroising trading costs
Midsomer Norton Town
Fayre Quiz
Cafe Bar
1.461
1,012
531
1.012
3,647
1,810
6,918
Adhoc Events
531
1,543
1,543
Page 12

Midsomer Norton Community Trust
Notes to the Accounts
9 Expenditu￿ on charitable a¢tivities
Unrestricted
Restricted
Total
Total
2024
2023
Expenditure on choritoble
octivities
Events
31,858
850
16,619
48.477
55,202
8,032
8,000
23,086
Cinema
850
Youth
Hèll and room hire
19,037
9,731
28,768
51,745
26,350
78,095
94,320
10 Other expenditure
Unrestricted
Restricted
Total
Total
2024
2023
Employee costs
Premises costs
20,113
11,044
20,113
11,044
26.814
11,818
4,255
4,255
9,649
Depreciation of fixed assets
General adrninistrative costs
12,297
8.640
56,349
750
13.047
15,758
10,805
74.844
Legal and professional costs
8,640
57,099
750
11 Net expenditure before transfer5
2024
2023
Thi5 is stated after tharging-
Depreciation of owned fixed assets
12 Staff cost5
4,255
9,649
2024
2023
26,(X)O
814
Salaries and wages
Pension costs
20,113
20,113
26.814
No employee received emoluments in excess of £60.000.
Page 13

Mid50mer Norton Community Trust
Notes to the Accounts
13 Tangible fixed assets
Fixtures,
Flttings &
Equipment
Cinema
equipment
Total
Cost or revaluation
At l April 2023
Additions
At 31 March 2024
Depreciation and
impairment
At l April 2023
Depreclation tharge for the
vear
At 31 March 2024
16,519
33.119
499
49,638
499
50.137
16,519
33.618
12,166
33,119
45,285
4,130
125
4,255
16,296
33,244
49,540
Net book values
At 31 March 2024
At 31 March 2023
14 Stocks
223
374
597
4,353
4,353
2024
2023
Finished goods
575
575
575
575
Carrying value analy5ed by activitie5
2024
2023
Events
575
575
575
575
15 Debtors
2024
2023
Trade debtors
25,815
7,591
33,406
23,272
2,360
25,632
Prepayments and accrued income
16 Creditors:
amounts falling due within one year
2024
2023
Trade creditors
Other taxes and social sec(Erity
Other creditors
Accruals
Deferred income
8,792
47
10,810
47
372
1,093
185
10,489
392
1,093
185
12.527
Page 14

Mid50mer Norton Community Trust
Notes to the Accounts
17 Movement in funds
Incorning
resources
At31
Resources
expended
(including
At l April
other
2023 8ains/lossesl
March
2024
Restrlcted fvnds:
Restricted income funds..
Community Trust Grant
HAZ Culture
B&NES Make spa
Warm spaces
33,402
iO,(KY)
12,342
iio,0001
16.6211
110.4791
33.402
5,721
110.4791
996
Totul
33.402
23.338
127.1001
29.640
Unrestricted funds:
General funds
38,676
85,566
1109,6371
14,605
Total funds
72,078
108,904
1136,7371
44,245
Purposes and restrictions in relation to the funds:
Restricted funds:
Community Trust Grant
The Commissioning Grant is put towards the overall management of the
Community Trust and the management of the town's community spaces-
notably the Town Hall and Orchard Hall. a5 well as the Youth Hubs. The
grant helps the volunteer led organi5ation to fulfil its purposes in the
community.
This is the sponsorship grant for the Norton Youth Club initially approved
in 2019. The sessions run on Thursday evenings throughout the year,
including school holidays. The se55ions will be primarily run in the Town
Hall. alongside outreach se55ions (again using the Town Hall as a basel.
B&NES Make space
Grant to irnprove Spa￿$
Warm spaces
From National grid to provide warm spaces for residents in need
18 Analysis of net assets between fvnds
HAZ Culture
Unrestricted
Restricted
funds
Total
fund5
Fixed assets
223
14,382
14,605
374
29,266
29,640
597
43,648
44,245
Net current assets
Page 15

Midsomer Norton Communlty Trust
Notes to the Actount5
19 Reconciliation of ftet debt
At31
March
2024
At l April
2023
Cash flows
Cash and cash equivalents
54,045
54,045
133,8891
133,8891
20.156
20,156
Net debt
54,045
133,8891
20,156
Page 16