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 (Catherine.McDonnell@armstrongwatson.co.uk) Status: Signed Transaction ID: CBJCHBCAABAAyn-NH21aTYBsNiqm7XRrnS4bcQL7X30l 

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

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## Agreement completed. 

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