2022-11-30-accounts

Registered nurnber.- 10792668 Charity number: 1180989 Meldrum Foundation (A company ITmited by guaranteÈ} UNAUDITED TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2022 Armstrongwatson. Accountants, Business & Financial Advisers

MELDRUM FOUNDATION IA company limited by guaranteel CONTENTS Page Reference and administrative details of the Charity, its Trustèès and adviser5 Trustees. report Independent examiner's report Statement of financial activities Balance sheet Notes to the flnanclal statements 8-14

MELDRUM FOUNDATION IA company limited by guaranteel REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 30 NOVEMBER 2022 Trustees David Martin Meldrum Alexandra Louise Renny (appointed 12 January 20221 Cheryl Lea James Michelle Louise Dunlop Michael Alexander Robertson (resigned 5 June 20231 Susan Ann Melcalf Harinah Mary Janes (resigned 1 January 20231 David Thomas Finnigan Iresigned 23 FebrLJary 20221 Company registered number 10792868 Charity registered number 1180989 Registered office Pantheon Building Lancaster Road Dunslon NE119JW Company secretary Simon 8iss811 lappoinled 10 January 20231 Accountants Armstrong Walson ALJdit Limited Chartered Ac¢ountanls First Floor One Strawberry Lane Newcastle upon Tyne NE1 4BX Page 1

MELDRUM FOUNDATION IA company limited by guarantee) TRUSTEES. REPORT FOR THE YEAR ENDED 30 NOVEMBER 2022 The Trustees present their annual report together with the unaudited financial statement5 of the Charity for the year 30 November 2022. The annual report serves the purposes of both a Trustees, report and a directors, report under company law. The Trustees confirm that the Annual report and financial slatemenls of the charitable company comply with the slalulory requiremellls, the requirements of the charitable company's governing document and provisions of the Statement ol Recommended Practice ISORPI applicable to Charities preparing their accounts in a¢cordan¢e with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 leffeclive 1 January 20191. Since the Charity qualifies as small under section 382 of the Companies Act 2006. the Strategic report required of medium and large companies under the Companies Act 2006 Islrategic Report and Director's Reporti RegLJlalions 2013 has been omitted. Objectives and activitie5 a. Policies and objectives Our Charitable obje¢ls are the relief of those in need. by reason of youth. age, ill health, disability, financial hardship or other exclusively charitable purpose laccording to the law of England and Walesl in the counties of Northumberland, Tyne & Wear, Durham and Cleveland INorth Easll as the Trustees see lil from lime lo time including bul not limrted lo.. 11) The prevention or relief of povety and l or financial hardship in the North East by providing grants, items and services lo Individuals in need and l or charities. or other organisalions working lo prevent or relieve poverty. 12} The relief of sicknass and the preservation of health among people residing permanently or temporarily in the North East. In setting objectives and planning for aclivilies, the Trustee's have given due consideration to general guidance published by the Charity Commission relating to public benefit, including the guidance 'Public benefit.. running a ¢harity IPB21'. Achievements and performance Review of activities 2022 saw Meldrum Foundation return back lo normal with their fundraising activities which included a sponsored sky dive, cake sales, raffles alld our anriual charity ball. The Demolition Ball. The return ol the Demolition Ball thankfully allowed us lo raise a subslanlial amount of money in the year which was shared between our three nominated charities.. Heel & Toe, Solan Connor Fawcett Cancer Trust and Oasis Comrllunity Housing. The Foundation will be supporting the same three charities in 2023 and have sel the target of raising £20k by way of raffles, sponsored walk, charity gow day and Annual Charity ball. Flnancial review . Going concem Afler making appropriate enquiries, the Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. For this reason, they Gonlinue lo adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going Concern basis ¢an be found in the accounting policies. Page 2

MELDRUM FOUNDATION IA company limited by guarantee) TRUSTEES. REPORT ICONTINUED FOR THE YEAR ENDED 30 NOVEMBER 2022 b. Financial review The principal source of unreslricled income comprised donations of £1012021".£ 5911 and fundraising activities of £28.96312021'. £1,313). The nel expenditure for the year was £6,42012021". £14,811) as disclosed in the Statement of Financial Activities on page 5. Unrestricted fund5 al the year end decreased lo £3.813. c. Reseryes poll¢y The Charity should aim to maintain a Minimu￿ reserve of £2,000 lo cover any fixed costs that fundraising income would not cover. Structure. govgrnance and management a. Constltutlon Meldrum Foundation is registered as a charitable company limited by guarantee. The charitable company is governed by ils Memorandum and Articles of Association dated 26 May 2017, as amended by Special Resolution dated 21 December 2017. ils registered charity nLJmber 15 1180989. b. Methods of appolntment or election of Trustees The management of the Charity is Ihe responsibility of the Trustees who are elected and ci>opled under the terms of the Articles of Association. Stat8ment of Trustees. rèsponsibiliti8s The Trustees Iwho are also the directors of the Charity lor the purposes of company lawl are responsible for preparing the Trustees, report and the financial slalemenls in a¢cordan¢e with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Prackn'cel. Company law requires the Trustees to prepare financial slalemenls for each f1nanciaS period. Under company law, the Trustees musl not approve the financial slalemenls unless they are satisfied that they give a true and fair view of the slate of affairs ol the Charity and of ils incoming resources and application of resources, including ils income and expenditure, for that period. In preparing these financial slalemenls. the Trustees are required lo.. select suitable a¢cDunling policies and then apply them consislenlly". observe the methods and principles ol the Charities SORP IFRS 1021., make judgments and a¢counting estimates that are reasonable and prudent.. stsle whether applieable UK Accounting Standards IFRS 1021 have been followed. subjèct lo any material dèparture5 disc105ed and explained in the f1nancial statements.. prepare the financial slalement5 on the going concern basis unless it is inappropriate lo presume that the Charity will continue in business. The TTuslees are responsible for keeping adequate accounting records that are suffi¢ient to show and explain the Charity's transactions and disclose with reasonable accuracy al any lime the financial position of the Charity and enable them lo ensure that the financial statements Gornply with the Companies Act 2006. They ale also iesponsible for safeguarding the assets of the Charity and hence for taking reasonable steps lor the prevention and detection of fraud and other irregulaiilies. Page 3

MELDRUM FOUNDATION IA company limited by guarantee) TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 30 NOVEMBER 2022 Approved by order of the members of the board of Trustees and signed on their behaw by.. L&a James Tiusl Dale.. Page 4

MELDRUM FOUNDATION IA company limited by guarantee) INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 30 NOVEMBER 2022 Independent examiner's report to the Trustees of Meldrum Foundation I'the Charity'l I report lo the charity TrLJStees on my examination o* the accounts of the Charrty for the year ended 30 November 2022. Responsibilities and basis of report A5 the Trustees of the Charity land ils directors for the purposes of company lawl you are responsible for the preparation of the accounts in a¢¢ordance with the requirements of the Companiès Act 20061'lhe 2006 Acl'l. Having satisfied mysew Ihsl the account5 of the Charity are nol required lo be audited under Part 16 of the 2006 AGI and are eligible for Independent examination. I report in respect of my examination of the Charity's accounts carried out under section 145 of the Charities Act 2011 I'lhe 2011 Acl'l. In Carrying out my examination I have followed the Directions given by the Charity Commission under section 14515llbl of the 2011 Act. Independent examinerfs statement I have completed my examination. I confirm that no mallers have come to my attention in connedion with the examination giving me cause to believe". a¢counting records were not kept In respect of the Charity as required by section 386 of the 2006 Ad.. or the accounts do not accord with those records., or the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts givè a 'lrue and fair, view which is not a matter considered as part of an independent examination", OT the accounls have not been prepared in accordance with the method5 and principles of the Slalement of Recommended Practice for accounting and reporting by charities. I have no concerns and have Come across no other mallers in conn&Glion with the examinslion lo which attention should be drawn in this report in order to enable a proper understanding of the accounts lo be reached. This report is made solely lo the Charity's Trustee5, as a body, in accordancè with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I rllighl slate to the Charity's Trustees those matters l am required lo slate lo them in an Independent examinerfs report and for no other purpose. To the fullest extent permitted by law. I do not accept or assume responsibility to anyone other than the Chanty and the Charivs Trustees as a body. for my work or lor this report. .2￿￿8.066mT+lI Dated. 2210812023 Joanna Gray ACA Armstrong Watson Audit Limited Chartered Accounlanls Newcastle Pa9e S

MELDRUM FOUNDATION IA company limited by guaranteel STATEMENT OF FINANCIAL ACTIVITIES IINCORPORATING INCOME AND EXPENDITURE ACCOUNTI FOR THE YEAR ENDED 30 NOVEMBER 2022 Unrestricted funds 2022 Total fLbnds 2022 Total funds 202t Note Income froTn-. Donations and legacies Other trading activities 10 28.963 10 591 28,963 1.313 Totsl income 28,973 28,973 1,904 Expendlture on.. Raising funds Charitable activities 11,290 24.103 11,290 24,103 484 76,231 Total expenditure 35,393 35.393 16,715 Net expenditure and movement In funds 16,4201 16,4201 (14, 811) Reconciliation of funds- Total funds brought forward Nel movement in funds 10.233 16.4201 10,233 16,4201 25,044 (74, 811) Total funds carried forward 3,813 3,813 70, 233 The Stslement of fi'nancial activitps includes all gains and losses recognised in the year. The notes on pages 8 10 14 form part of these financial slalements. Page 6

MELDRUM FOUNDATION IA company limitèd by guarantee) REGISTERED NUMBER.. 10792668 BALANCE SHEET AS AT 30 NOVEMBER 2022 2022 2021 Note Curr&nt assets Debtors Cash al bank and in hand 10 3,102 28,369 12, 736 31.471 12. 736 Creditors." amounts falling due within one year 11 127,6581 (2, 503) Nel Current as$&ts 3,813 10.233 Total assets less current liabilities 3,813 10.233 Total net as$ots 3.813 10.233 Charlty fund$ Reslricled funds Unreslricled funds 12 12 3,813 10,233 Total funds 3,813 10.233 The Charity was enlilled lo exemption from audit under section 477 of the Companies Act 2006. The members have not required the company lo obtain ar) audit for the year in question in accordance with section 476 01 Companies Act 2006. The Trustees acknowledge their resptsnsibililies for corllplying with the requirements of the Act w((h respect lo accounting records and preparation of financial statements. The financi81 statements h8ve been prepared in accordance wrth the provisions applicable to enlilies subject to the small companies regime. The financial slalements were approved and aulhorised for issue by the Trustees and signed on their behalf by.. ryl Lea Jame$ steel Dale.. IT The notes on pages 8 to 14 form part of thase financial statements. Page 7

MELDRUM FOUNDATION IA company limited by guarantèe) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2022 Legal status of the charity The charity is a company limited by guarantee, has no share caprtal and 15 registered in England and Wales. The address of Ihe registered office is Pantheon Building, Lancaster Road. Dunslon, NE119JW. The liability of each membei in the event of a winding up is £10. Accounting policies The principal accounting policies adopted, judgements and key sources of eslimalion uncertainty in the preparation ol the accounts are as follows.. 2.1 Basis of prèparation of financial statements The financial slalemenls have been prepared in accordance with the Charities SORP IFRS 1021 Accounting and Reporting by Charities. Statement of Recommended Pia¢tice applicable lo ¢harilies preparing their accounts in a¢¢ordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 leffeclive 1 January 20191, the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 and the CDmpanies Act 2006. Meldrum Foundation meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at hisloiical cost or transaction value unless othe￿iSe slated in the relevanl accounting policy. 2.2 Going concem The charrty has reviewed ils cashflow forecasts and there is a reasonable expectation that il has adequate resources lo continue in operational existence for al least the next 12 rllonlhs and on this basis the Trustees consider the charity is a going concem. 2.3 Income All income is recognised once the Charity has enlillement lo the income, it is probable that the income will be received and the amount of income receivable can be measured reliably. 2.4 Expenditure Expenditure is reC￿niSed once Iheie is a legal or constructive obligation lo transfer economic benefit lo a third party. il 15 probable that a transfer of economic benefits will be required in selllemenl and the amount Df the obligation can be measured reliably. Expenditure 15 classified by activity. The costs of each a¢livity are made up of the total of direct costs alld shared costs. Including support costs involved in undertaking each activity. Direct costs allribulable lo a single activity are allocated directly lo that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single acliwly are apportioned between those activities on a basis consislenl with the usè of resources. Expenditure on raising funds includes all expenditure incurred by the Charity lo raise funds for ils charitable purposes and inGludes costs of all fundraising activities events and non-charilable trading. Expendrture on charitable activities is in¢urred on directly undertaking the activities which further the Charity's objectives. as well as any associated support costs. All expenditure is inclusive of irrecoverable VAT. Page 8

MELDRUM FOUNDATION IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2022 Accounting policies Icontinuedl 2.5 Debtors Trade and other debtors are recognised al the selllemenl amount after any trade discount offered. Prepayments are valued al the amount prepaid nel of any trade dis¢oLJnts due. 2.6 Cash at bank and In hand Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the dale of acquisition or opening of the deposit or similar account. 2.7 Liabilities and provi5ion5 Liabilities are recognised when there is an obligation al the Balance Sheet date as a result of a past event, il is probable that 8 transfer of economic benefit will be required in settlement. and the amount of the settlement can be estimated reliably. Liabilities are recognised at Ihe 3mount that the Charity anticip*es il will pay 10 Settle the debt OT the amount il has received as advanced payments for the goods or services il musl provide. Provisions are measured al the best estimate of the amounts reqLJired to settle the obligation. Where the effect of the lime value of money is material, the provision is based on the present value of Ih05e atnounls. discounted at the pre-tax discount rale that reflects the risks specrfic lo the liability. The Llnwinding of the discount 15 recognised in the Slalemenl of financial activities as a finance cost. 2.8 Fund accounting General funds are unreslricled funds which are available for use al the discretion of the Trustees in furtherance of the general objectives of the Charity and which have not been designated for other purposes Income from donations and legacios Unrestricted fijnds 2022 Total funds 2022 Total funds 2021 Donations 10 10 591 Page 9

MELDRUM FOUNDATION IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2022 Income from other trading activities Income from fundraising events Unrestricted funds 2022 Total funds 2022 Total funds 2021 Fundraisin9 Foundation Events 3.928 25,035 3,928 25,035 1,313 Total 2022 28,963 28.963 1.513 Exp•nditure on raising funds Costs of raising voluntsry income Unrestricted funds 2022 Total funds 2022 Tolal fiinds 2021 Cost of raising funds staging Fundraising Events 3,784 7,508 3.784 7,S06 484 Total 2022 11,290 11,290 484 Analysis of expenditurè on charitable actlvities Summary by fund type Unrestricted funds 2022 Total 2022 Total 2027 Charitable activities- grant making 24,103 24,103 16,231 Page1D

MELDRUM FOUNDATION IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2022 Analysis of expenditure by actlvltles Grant funding of activities 2022 Support costs 2022 Total funds 2022 Total funds 2021 Charitable adivities- grant making 19,120 4.983 24,103 16.231 7a. Grants and donatlons 2022 2021 Grants lo inslilulions Donations 17,750 1,370 5, 742 7b. Analysis of grants The Charty has made the fo15owing grants lo inslilulions.. 2022 2021 Oasis Communrty Housing Solan Connor Fawcett Cancer Trust 7,750 5.000 5,000 Heel & Toe 3,000 5,000 LittleTheatre, Gateshead 17.750 8,000 Independent examiner's remuneration 2022 Fees payable to the Charity's independent examiner for the independent examination of the Chariws annual a¢¢ounls 2,600 Page 11

MELDRUM FOUNDATION IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2022 Truste8s' remuneration and expenses The charity considers ils key management personnel comprise the Trustees. During the year, no Trustees received any remuneration or other benefits (2021- £NIL). During the year ended 30 November 2022, no Trustee expenses have been incurred (2021- £NIL). 10. Debtors 2022 2021 Due withln one year Trade debtors 3,102 3,102 11. Creditors- Amounts falling du& within one year 2022 2021 Trade creditors Other creditors Grants payable Accruals and deferred in¢ome 10.043 15,000 2,600 2,503 27,658 2,503 Page 12

MELORUM FOUNDATION IA company limlted by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2022 12. Statement of funds Statement of funds - current year Balance at 30 November 2022 Balance at 1 December 2021 117come Expenditure Unrestricted funds General fund5 10.233 28,973 135,3931 3,813 Statemgnt of funds - prior year Balance al 30 November 2021 Balance al l Deceinber 2020 117come Expenditure Unrestricted funds General funds 25.044 7,904 (76. 715) 10,233 13. Analysi5 of net assets between funds Analysis of net assets between funds - current year Unrestricted funds 2022 Total funds 2022 Current assets Creditors due wrthin one year 31,471 127,8581 31,471 {27,6581 Total 3,813 3,813 Page 13

MELDRUM FOUNDATION IA company limited by guaranteel NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2022 13. Analysis of net assets between furkds Icontinuedl Analysis of net assets between funds - prlor year Unreslricled fiinds 2021 Total funds 2021 Current a5se15 Creditors due within one year 12, 736 (2,503) 12, 736 (2.503) Total 10,233 70,233 14. Related party transactions David Meldrum, Iruslee, is a director of Meldrum Construction Service5 Limited. Al 30 November 2022 a balance of £10,04312021- £2.5031 was owed by the charity lo Meldrum Construction Services Limited. in respect of payments made on behalf of the charty. Page 14

Meldrum Foundation 2022 final accounts for JG

signature

Final Audit Report

2023-08-22

Created: 2023-08-22 By: Catherine McDonnell ([e-mail]) Status: Signed Transaction ID: CBJCHBCAABAAyn-NH21aTYBsNiqm7XRrnS4bcQL7X30l

"Meldrum Foundation 2022 final accounts for JG signature" Hist ory

Document created by Catherine McDonnell ([e-mail]) 2023-08-22 - 14:44:23 GMT

Document emailed to Joanna Gray ([e-mail]) for signature 2023-08-22 - 14:47:13 GMT

Email viewed by Joanna Gray ([e-mail]) 2023-08-22 - 17:06:21 GMT

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Signature Date: 2023-08-22 - 17:06:54 GMT - Time Source: server

Agreement completed.

2023-08-22 - 17:06:54 GMT