Mldsomer Norton Commur)lty Trust Charlty No. 1180809 Company No. 08604585 Trustees, Report and Unaudlted Accounts 31 March 2025
Mldsomer Norton Commun5ty Trust Contents Pages 2to3 Trustee5' Annual Report Independent Examiner'5 Report Statsment of Financial Activities Balan Sheet Statement of Cash flows Notes to the Accounts Detailed Statement of Financial ActSvities 8t016 17to18
Mklsorner Norton C4)mmunltyTrust Trustee5 Annual Report The trustees. who are also dirertors of the charity for the purposes of the Companie5 Act 2006, present theTrr report with the unaudited financial statements of the charity for the year ended 31 March 2025. REFERENCE AND ADMINISTRATIVE DETAILS Company Nts. 08604585 Chaiity No. 1180809 Reglstered Oflke Midsomer Norton Town Hall The Island Mid50mer Norton BA3 2HQ Olrertors and Trustees The Diréctor5 of the charitable company are its Trustees for the purp05e5 of charity law. The following Dirèctor5 and Trustees served during the year.. M. Auton A. De PL*8he N. Erringron B. Iles R. Jofdan G. Mackay S. Martifi M. Plant S.L. Plumlev L. Robert50n A. Slade Accountsnts The Waldron Partnershlp Ltd 30 Circus Mews Bath 8A1 2PW oaiEcllvES AND AcfiviTIES The Midsomer Norton Community Trust was incorporated as a limited company on the 10th July 2013. It was re8lStered as a Charity on 23rd November 2018. As laid out in the Articles of Association The Objects of the Charity a- The provision, for the benefit of the inhabitants of Midsomer Norton in Somerset and the surroundin8 area, of facilities in the interests of social weffare for recreation and other leisure-time occupatlon for indiwduals who have need of such facilities by reason of their youth, a8e infirniity or disabilty. financial hardship or social circUmstanS with the objertlve of improving their condltlonj of Ilfe.
Mldsomer Norton CornmunityTrust Trustees Annual Report The adwancement. for the benefit of the inhabitants of Midsomer Norton in Somerset and the surrounding area, of such other objects or purposes which are exclusivety charitable according to the law ol England and Wales in 5uih mJiii)£r 3$ the Trustces ma i in their absolutè discretion think fit. The Mid50mer Norton Community Trust aims to build a vibrant community in the town offering spa$for 8roup5 and running events ourselves to provlde recreational activities and other leisure-tSme occupation for individuals who have need tsf such facilities by reason of their yotrth. age infimity or disability, financial h3rdship or social clrcijmstartces wth the objective of improwng their conditions of life. AcHIEmENTs AND PERFORMANCE The Community Trust continued to run the Orchard Hall and Unit 14. wSth significant community groups tontinuin8 to use the space. The Merb'5 Shed also contTrnued to go from strength to Strength, working with and promding products for the local community. FINANCIAL REVIEW The Finanaal year 2024125 was a challenging period for the Midsomer Norton Communlty Trust The Town Council's refurbishment of the Town Hall continued to overrun, meaning the Community Trust remainèd withoLrt its main source of income and several of its mair event pro8ramme5- including the Cinerna and National Theatre Live. The CommunityTrust also took on management of the Somer Centre in AprS12024 at short notice. whilst its lease on Untt 14 ended in December. Despite the challenges the Community Trust oversaw the management of four hugely %uccessfvl Major Town Events Midsomer Norton Music & Arts FestÉval, the Christmas Lights Swr(ch-On and Wassail. Some monthlv events contlAued at other events around town including The First Thursday Afternoon Social and Paradis. The Trustees are responsible for keepin8 proper accounting records that disclose with reason3ble accuracy at any time the financial position of the charity and to enable them to ensure that the finanaal statements comply wf(h the Companies Art 2(M)6. The Trustees are also responsible for safeguardin8 the assets of the charity and hence tang reasonable steps for the prevention and detertion of fraud and other irregularitie5. The above report has been prepared in accordance with the provision5 applicable to companies subjert to the small compantes re8ime as set out In Part 15 of the Companies Act 2rx)6 and in accordaftce with the Charities SORP IFRS 1021. Si8ned on behalf of the board Iles Trustee 30January 2026
Mltlsomer Norttsn Communfry Trust Independent Emaminers Report Independent Examlnerfs Report to the trustees of Midsomer Norton Communlty Trust I report tc the ctr,3r,'ty tJstets on my examinatioD. of the financial statements of Mldsomer Norton CommunityTrust for the year ended 31 March 2025. Responsibilities and basls of report As the charity's trustees of the company land also tts directors for the purposes of company lawl you are responsible forthe preparation of the financial ststements in attordance with the requirements of the Companie5 Act 20061.the 21J06 Act. Having Satisfied myself that the financial statements of the Charity are not required to be audited under Part 16 of the 2(kn Act and are eligible lor independent examination, I report in respect of my examination of your charity'5 financial statements as carried out under sectior% 145 of the Charities Act 20111.the 2011 Aci'l. In carrying out my examination I have followed the Directions given by the Charity Commlssion Under section 145151 Ibl of the 2011 Act. Independent Èxamlner's statement I have compléted my examination. I can conflrm that no material matters havè come to my attention in connection with the examination gwing me cause to believe.. • accounting records were not kept in aetordance w¥th sertion 386 of the 21)J6 Act.. or the financial ststements do not accord with those records,. or the financial statements do not comply with the accounting requirements under sertion 396 of the 2(MJ6 Act other than any requlrement th3t the financial statements give a'true and falr. view which is not a matter considered as p3rt of an independent examination- or the financial staternents have not been prepared in accordan with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Flnancial Reporting Stsndard applicable in the UK and Republic of Ireland IFRS 1021. I ha no concerns and have co>me across no other matters in connection with the examlnation to which attentlon Should be drawn In thi5 report in order to enable a proper undetstanding of the financlal statements to be reached. Marco Andrew Martin FCCA The Waldron Partnership Ltd 30 Cir¢us Mews Bath BAI 2PW 30 January 2026
Mldsomer Norton Communlty Trnst Statement of Finandal PAtlvttRs forthe year ended 31 March 2025 Unrestricted funds 2025 Restrlcted fvnd5 Total funds Totsl *unds 2025 2025 2024 Notss Income and endowments from.. Oonations and legades Charitable activities Other trading activities Other 45,593 67.401 14.428 6,376 26,370 71,962 67,401 14,428 6,376 47.458 39,848 20.913 685 Totsl 133.798 26,370 160,167 108,904 Expendlture on: Raising funds Charitable activities Other 1,273 71.686 61,808 1,273 89,772 76,808 1,543 78,09S 57,099 18,087 15,(MJO io Tvtal 134,767 33.087 167.853 136.737 Net gains on investments Net expendlture Transfers btheen lunds Net expendtti¢re betore other galns/(lossesl li 19691 16,7171 17,6861 127,8331 19691 16.7171 17,6861 127,8331 Other gains and1055es Net movement In funds 19691 16,7171 17,6861 127,8331 Reconciliat¥Dn of fvnds: Total funds brought forward 37,528 6,717 44.245 72,078 Total funds carried fon¥ard 36.559 36.559 44,245
Mid50mer Norton Communlty Tntst Balan Sheet * 31 March 2025 Company No. 08604585 Notes 2025 2024 Flxed assets Tangible assets 13 14,908 14.908 597 597 Current assèts Stocks Debtor5 Cash at bank and in hand 14 575 575 33,406 20,156 54,137 110,4891 43,648 114,245 15 33.179 13.538 47,292 125,6411 21,651 Credltor5: Amount fallin8 due within one year Net tyrrent a55ets 16 Totsl ats less current liablllt5es Net assets wludln8 penskni asset or Ilability Total net a55ets 36,559 36,559 44,245 36,559 44,245 Tht lunds ofthe ¢harlty Restrlcted fvnds Restricted Income funds 17 6.717 6,717 Unrestricted funds General fund5 Desi8naled funds 17 23.498 13,061 37,528 36.559 37.528 Reseryes 17 Total funds 36,559 44,245 These accounts have been prepared in accordance wtth the spetial provisions of Part 15 of the Companies Act 2006 relating to small companies. For the year ended 31 March 2025 the company was entitled to eXeptiOn under section 477 of the Cornpanies Act 2006 relatin8 to small companies. The member5 have not required the company to obtain an audit in accordance with sectlon 476 of the Companies Act 2CK)6. The directors acknowled8e their responsi.11t1e5 for complying with the reqU1ments of the Companies Act 2006 with fèspett to accountin8 OrdS and the preparation of accounts. Approved by the L*Mrd on 30 January 2026 And signed on its beh31f by= B. Iles Trustee 30 January 2026
Mldsomer P40rt(¥n Communlty Trust Statement of Cash ftows for the year ended 11 March 2025 2025 2024 Cash Ilowsfrorn operating artivities Net expendlture per 5tstement of Financial Actlvities 17,6861 127.8331 Adjustments for: Depreciation of proppfty, plant and equipment Dividends, interest and rents from investments Other gainsllosses Decrea5elllncfea5el in trade and other re1V8b1es IncreasellDÈcreasel in trade and other payables 5,193 16,3761 4.255 16851 227 17,7741 12,0381 IS,152 Net tash provided byl{used In) operatlng acthities 6,510 134,07SI Cash Ilows from Imiestlng artivlttes Payments for property, plant and equipment Divsdends, interest and nts frorn investments I19.5> 6.376 14991 685 Net casth (used inllfrom Investln8 artivitles 113,1281 Net osh from financlr4 activitles Net decr&ise In ush and cash èqulvalents 16,6181 133,8891 Cash and cash equtralents atthe bewnnlThx of the year 20,156 Cash and cash equl¥alents at the end of the year 13,538 20.156 Components of cash and cash equlvalènts Cash and bank balances 13,538 20,156 13.538 20,156
Mldsomer Norton CommunltyTrust Notes to the Accounts for the yearended 31 March 2025 l Ac¢ountin8 pollcles Basls of preparation The financial statements have been prepared in accordance with Accounting and Reporting by Charitles.. Statement of Recommended Practite applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 (effective I January 20151- Icharities SOflP IFRS 10211. the Flnancial Reporting stsndard applicable in the UK and Rèpublic of Ireland IFRS 1021 and the Companies Act 2006. Change In basls of accountlng or to prevlous accounts There ha5 been no change to the accounting policies Ivaluation rules and method of accountingl since last year and no changes have been made to accounts for previous years. Fund accounting Unre5tiicted fund5 These are available for use at the discretion of the trustees furtherance of the general objects of the charity- These are unrestiicted funds earmarked by the trustees for particular purposes. These are unrestricted funds which include a revaluation reserve representlng the restatement of investment assets at their market value5. These are available for use subjecl to restrictions imwsed by the donor or through terms ol an appeal. Desi8nated funds Revaluation funds Restricted funds Income Reeognitéon of income Income is included in the Statement of Finèndal Actmties ISOFAI when the charlty becomes entitled to, and virtually certain to receive, the income and the amount of the income can be measured with sufficient reliability. Income with related where income has related expenditure the income and related expenditure is expenditure reported gros5 in the SOFA. Donation5 and legacies Voluntary income received by way of grants. donatton5 and wfts Is included in the the SOFA when receivable and only when the Charity has uncondltlonal entitlement to the income. Tax redaims ort Income from tax redaims Is included in the SOFA at the same time as the donations and gifts grftldonation to which tL relates. Donated servsces These ale only Included in income (with an equivalent amount in expenditure) and faciltties where the benefit to the Charity is reasonably quantifiable, measurable and material. Volvnteer help The value of any volunteer help CeiVed is not included in the accounts. Investrrhent income Thi5 is Included in the accounts when receivable. Gainslllossesl on This includes any gain or loss resulting from revalulng investments to market value revaluation of fixed at the end of the year. assets Gainslllossesl on investment assets Thls includes any gain or loss on the sale of investments.
Mldsomer Norton CommunltyTrurt Notes to the Accounts Expenditure Recognition of expenditure Expenditure Is recognised rjn an accruals basis. Expenditure Includes any VAT which cannot be fully recovered, and is reported ès pan of the expenditurE to which it relates. ExpendUle on These comprise the costs associated with attracting voluntary income, fundraisin8 raising funds trading cost5 and investment mana8ement costs. Expenditure on These comprise the costs incurred by the Charty in thè delivery of Its activities charitable acttvities and seNlce5 in the fvrtherance of its objects, including the making of grants and governance costs. All grant expenditure is accounted for on all actual paid basis plus an accrual for grants that have been apprtsved by the trustees at the end of the year but not yet paid. These include those costs associated wth meeting the constitutlonal and statutory reqU1MentS of the Charity, including any audivindependent examination fees, costs linked to the strategic management of the Charity. together with a share of other administration costs. These are support costs not allocated to a particular activity. Grants payable Govemance costs Other expend¢ture Taxatlon The charsty is exemptfrom corporation tax on its tharable activities. Tan8lble fixed assets and depred*ion Depreciation is provlded at the followin8 annual fate5 in order to write off each asset ¢)ver its estimatèd useful lite: Fixture5, Flttin8s & Equipment 25% 5traSght line Cinema equipment 25% 5trai¥ht line Freehold investment property Investment properties are measured snttially at cost and subsequentty at fair value at each balan sheet date and are not depreciated. All gains or losses are taken to the Ststement of Financlal Activits'e5 as they arise. St(Kk is included at the lower of cost or net realisable value. Donated r(ems 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 discount offered. Prepayments are valued at the afflount ppaid net of any trade discounts due.
Mldsomer Plorton Community Trust Note5 to thè Accounts Cash and ¢ash equivalents Cash and cash equivalents comprise cash at bank and on hand. demand deposits with banks and other tt 3nd bank short-term highly liquid Investments WlTn oii¥inal ITldturities of three Top,thr or Ic- overdrafts. lrt the statement of financial position. bank overdrafts are shown wlthSn borrowlngs or rrent liabilities. In the Statemènt of Cash Flows. cash and cash equivalents a shown net of bank ovèrdraft5 that are repayable on demand and fomi an integral part of the company's cash management. TTade and other ¢tedltor5 Short term Cfeditors are measured at the transaction price. Other creditors and provisions are recognised where the charity has a present obligation resutting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and prowsions are normally recognised at their settlement amount after allowing for any trade discount5 due. Researth and devèlopment Expenditure on research and development is written off in the year In which it is incurred. Forelgn currendes Monetèry assets and Ilabilities denominated in currencie5 Other than the functlonal currency of the charity are translated at the rates of exchange prevailing at the end of the reportin8 period. Transattlons in currencies other than the functional turrency of the charity are recorded at the rate of exchange on the date that the transaction occurred. All exrhan8e differentts are are taken into account in arriving at net incomèlexpenditure. Lea5etl assets Where the charity enters into a lease whieh entsils taking substsntially 311 the risks and rewards of ownership of an a$5et, the lease is treated as a finance lease. Lease5 which do not transfer substantially all the risks and rewards of ownership to tharity are classified as operating leases. Assets held under finan leases are initially recognised as assets of the charity at their fair value at the inception of the lease or. if lower. at the present value of the minimum lease payments. The corresponding liability to the lessor is included in the balante sheet date 35 a finance lease obligation. Lease payments are apporknorned between finance expenses and reduction of the lease obligation so as to achieve a constant rate of interest on the remaining balance of the liability. Finance expenses are recognised immediatety, unless they a dlrectly attrlbutable tu qualtfyin8 assets. in which case they are capitalised in accordance with the charity'5 policy on borrowing C05ts. Assets held under finance leasès are depreclated in the same way as owned assets. Operating lease payments are recognised as an expense on a straight-line basis over the lease term. In thè event that lease incentives are received to enter into operating leases, such incentNes are reco8nised as a liability. The aggregate benefit of incentives is recognised a5 a UttI0n of rental expense on a straight-line basis.
Midsomer Norton CommunltyTn Notes to the Actounts Penslon costs The charity operates a defined contribution plan for it5 ernployee5. A defined contrlbutiorn plan 15 a pen510n plar bJp.dcr which the corppany pay5 fixed contributions into a separate entity. Once the contributions have been paSd the coMpaY has no further payments obli8ations. The contributions are rtcognised as expenses when they fall due. Amounts not paid are shown in accruals in the balan sheet. The assets of the plan are held Separately from the company in independently admSnistered funds. Re£eipt of donated 8aods. fa¢Élltles al s¢r¥lces I donated goods, facilities and service5 received are reco8nised wlthin incoming resources and expenditure at an estimate of the value to the charity. 2 Companystatus The company Is a priwdte company limited by guarantee and consequently does not have share capital. 3 Statement of Flnandal Attivltles- prioryear Unrestrkted funds Restri¢ted funds Total funds 2024 2024 2024 Income and endowments from: Donations and legacies Charitsble activities Other trading activities Other 24.120 39,848 20,913 685 23,338 47,458 39,848 20,913 Total 85,566 23,338 108,904 E¥penditure on". Raising funds Charitable activities 1,543 51.745 1,543 78,095 57.099 26,350 Other 56.349 750 Total 109,637 27.1 136,737 Net Income 124.0711 13,7621 127.8331 Net income before other galnslllossesl Other8•1 and losses: Net movement in fund5 124,0711 13,7621 127,8331 124,0711 13,7621 127,8331 Recondllation of funds: Total funds brou8ht forward Totsl funds Carr forward 38,676 33.402 72,078 14,605 29,640 44,245
Mldsomer Norton CommunityTrust Notès to the Accounts 4 Intomè from donations and legacles UnrestrKted Restrfcted Total Total 2025 2024 Town Council Mana8ement Grant 15,0(X) 15,(MJO 9.998 Donations Other grants including HAZ culture 7,597 7,597 3,621 37,996 11.370 49,365 33.838 45.593 26.370 71.962 47,458 5 Income from charitablè actl¥lties UnrestrtrtÈd Total Total 2025 2024 Event5 13,309 S4,092 67,401 13.309 54.092 67,401 17.440 Hall and room hire 22,408 39,848 6 Income from other tradlrtg actileS Unre3trl£ted Totsl Totsl 2025 20Z4 Rèntal income unit 14 11.536 2,130 762 11,536 2,130 762 19,320 1,453 140 Cafe Bar Adhoc Events 14,428 14,428 20,913 7 oiher income Unrestrictèd Total Total 2024 2025 Sale of items 6,376 6.376 6.376 6,376 8 EMpend¥ture on raisins funds Uftrestrirted Total Total 2025 2024 Fundroi&ng troding costs Cafe Bar 1.273 1,273 1,012 531 Adhoc Events 1.273 1,273 1,543
Mldsomer Norton Community Trust Notes to the Accounts 9 Expendlture on charftable adlvitles Unrestrirted Restrfrted Tottl Total 2025 2024 Expenditure on charitoble octivitffjes Events 39.083 944 8,067 47,149 944 48,477 850 Clnema Hall and room hire 31,659 10.020 41.679 28,768 Governonce c0515 71,686 18,087 89,772 78,095 10 Other expèndlture Unrestrlrted Rtstrlcted Total Total 2025 2024 Employee costs Motor and travel costs 21,747 1S,CKMI 36,747 40 20,113 Premises costs Amortisatitsn, depreciatlon, impairment, profitlloss on disposal of fixed a55ets General administrative costs 9.119 9,119 11,044 5,193 5,193 4,255 18.509 7.2 61,808 18,509 7.2 13,047 8.640 57,099 Legal and professional cost5 I5.c0 76,808 11 Net experxliture before transfers 2025 2024 This Is stated after char¥ing'. Depreciation of owned fixed assets 12 Staff Costs 5,193 4,255 2025 2024 Salaries and wa8es 36,747 36.747 20.113 20,113 No employee received emoluments in excess of £60,0.
Mldsomer Norton Communlty Tru# Notes to the Accourts 13 Tan8ible fixed assels Fixtures, Flttings & Equipmènt Clnema equipment Totsl Cost or rtluatIon At l April 2024 Additions At 31 March 2025 Dèpreclation and Impalrment At l April 2024 Depreciation charge for the vear At 31 March 2025 16.519 19,504 36.023 33,618 50,137 19,S04 69,641 33,618 16.296 33.244 49,540 5.099 5.193 21,395 33.338 54.733 Nét book values At 31 March 202S At 31 March 2024 14 Sto(ks 14.628 223 280 14.908 597 374 2025 2024 Finished goods 575 575 575 575 Carrylng value analysed by artlvttles 2025 2024 Events 575 575 575 575 15 Oebtors 2025 2024 Trade debtors Other debtors Prepayments and accrued income 26,174 20 25,815 6,98S 33.179 7,591 33.406 16 Creditors: amounts fallin8 due within one year 2025 2024 Trade creditors Othertsxes and social sectjrity other creditors Accruals Deferred income 16,415 2,954 372 5,715 185 25.641 8.792 47 372 1,093 185 10,489
Mldsomer Norton Communlty Trust Notes to the Accounts 17 Movement in funds Incomlng resources A*31 March 2025 Resource5 expended lincluding At l April 2024 galnsll0sj Restrfcted fvnds: Restrirted intome funds: Community Trust Grant HAZ Culture B&NES Make space Warm spaces Ralph and Irma Sperring rrust Grant Is,(th) 115,0001 15.7211 17,6(KJl 19961 5,721 7,EAJO 996 3.770 13,7701 rotol 6.717 26.370 133,0871 Unrestrirtefl ts. General fur$ 37,528 89,610 1103.6411 23.498 Deslgnatsd funds.. Arts Grant TC Fayre Grant Music and Arts Festival Grant TC Xma5 Fayre WECCAGrant 4.0 8.000 8,250 14,OCQI 18.0001 18.2501 16.(yxII 14,8761 131,1261 17,937 13,061 Totol 44.187 13.061 Total funds 44,245 160,167 1167,8531 36,559 Purptrses and restrictions in relation to the funds: Restricted funds.. Community Trtsst Grant The Commissioning Grant is put towards the overall management of the Community Trust and the management ofthe town's communSty spaces notably the Town Hall and Orchard Hall, as well as the Youth Hubs. The grant helps the volunteer led organi5ation to fulfil its PL5rposes in the community. This is the sponsorsh¢p grant for the Norton Youth Club initially approved in 2019. The sèssions run on Thursday even4ngs throughout the year, including school holiday5. The se55ions will be primarily run In the Fown Hall. alongside outreach sessions (again usirsg the Town Hall as a basel. Grant to improve spaces From National grSd to provide warm Spaces for residents in need Grant for Orchard Hall floor HAZ Culture 8&NES Make spacè Wami spaces Ralph and Irma Sperrfng Trust Grant
Mldsomer Norton CommunityTrust Notes to the Accounts Designated fund5'. Arts Grant TC This rnoney weat toward5 concerts as the Paradis Trio and First ThuTsday Aftcrnoop. Social july 2024 saw the 9th edition of the relaunched Midsomer Norton Fayre. a marquee Town Event that features around 50 of the town's community Musi£ and Arts Festival Grant Held in lune. this event celebrates local creativity with performances from a range of local artists- familiar ènd new The Town's Christmas lights 5Wttch-on was relaunched. with late night shopping and musical entertsinment A capital grant that went towards event equipment to make events more Sustainable and to enhance the efftirts of volunteers Fayre Grant TC Xrnas Fayre WECCA Grant 18 AnalysLs of nèt assets bth¥een funds Unrestrlrted funds Restrlcted funds Total Fixed assets 14,628 112,8281 1.800 280 14,908 21.651 36.559 Net current assets 34,479 34,759 19 Reconciliatlon of net debt At31 March 2025 At l April 2024 Cash Ilows Cash and cash equivalents 20,156 20,156 16,6181 16,6181 13,538 13,538 Net debt 20,156 16.6181 13,538