2023-11-30-accounts

Registered number: 10792668 Charity number.. 1180989 Meldrum Foundation (A company limited by guarantee) UNAUDITED TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2023 Armstrongwatson, Accountants, Business S Flnanclal Advlsers

MELDRUM FOUNDATION IA company limited by guarantee) CONTENTS Page Reference and administrative detsils of the Charity, its Trustees and advisers Trustges. report Independent examiner's report statement of financial activities 8alance sheet Notes to the financial statements 8-14

MELDRUM FOUNDATION IA company limited by guarantee) REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY. ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 30 NOVEMBER 2023 Trustees David Martin Meldrum Alexandra Louise Renny Cheryl Lea James Michelle Louise Dunlop Michael Alexander Robertson (resigned 5 June 20231 Susan Ann Metcalf Hannah Mary Janes (resigned 1 January 20231 Company registored number 10792668 Charity registered number 1180989 Registered offico Pantheon Building Lancaster Road Dunslon NE119JW Company secretary Simon Bissell lappointed 10 January 20231 Accountants Armstrong Watson LLP Chartered Accounlanls First Floor One Strawberry Lane Newcastle upon Tyne NE148X Page 1

MELDRUM FOUNDATION IA company limited by guarantee) TRUSTEES. REPORT FOR THE YEAR ENDED 30 NOVEMBER 2023 The Trustees present their annual report together with the unaudited financial statements of the Charity for the year 30 November 2023. The annual report serves the purposes of both a TrLJStees' report and a directors, report under company law. The Trustees confirm that the Annual report and financial statements of the charitable company comply with the statutory requirements, the requirements of the charitable company's governing document and provisions of the Statement of Recommended Practice ISORPI applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 leffecb've 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 (Strategic Report and Director's Report) Regulations 2013 has been omitted. Objectives and activities Policies and objectives Our charitable objects are the relief of those in need, by reason of youth, age, ill health, disability, financial hardship or other exclusively charitable purpose (according lo the law of England and Wales) in the counties of Northumberland, Tyne & Wear, Durham and Cleveland (North Easll as the Trustees see fit from lime to time including bul not limited lo". 111 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 organisations working lo prevent or relieve poverty. 121 The relief of sickness and the preservation of health among people residing permanently or temporarity in the North East. In setting objectives and planning for activities, the Trustee's have given due consideration lo general guidance published by the Charity Commission relating to public benefit, including the guidance 'Public benefit.. running a charity IPB21'. Achievements and performance Review of activities 2023 was a busy year for Meldrum Foundation with fundraising activities being carried out such as raffles, cake sales. charity football event and our annual charity ball, The Demolition Ball. We also introduced a key draw which was well supported and raised much appreciated funds. The fund raised were shared equally between our three nominated charities." Heel & Toe, Solon Connor Fawcett Cancer Trust, and Oasis Community House. The Foundation will be supporting the same three charities in 2024 and have sel the target of raising £25k by way of raffles, sponsored wing walk, charity golf day and Annual Charity ball. Financial review . Going concem After making appropriate enquiries, the Trustees have a reasonable expectation that the Charity has adeqLJate resources to continue in operational existence for the foreseeable future. For this reason, they continue lo adopt the going concern basis in preparing the financial slatemenls. Further details regarding the adoption of the going concern basis can be found in the accounting policies. Page 2

MELDRUM FOUNDATION IA company limited by guarantee) TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 30 NOVEMBER 2023 b. Financial review The principal Sour￿ of unreslricled income comprised donations of £2212022.. £101 and fundraising activities of £44,350 {2022.' £28,963). The net income for the year was £79512022.. nel expenditure £6,420) as disclosed in the Statement of Financial Activities on page 6. Unrestricted funds al the year end increased to £4,608. c. Reserves policy The Charity should aim to maintain a minimum reserve of £2,000 lo cover any fixed costs that fundraising income would not cover. structure. governance and management a. Constitution Meldrum Foundation is registered as a charitable company limited by guarantee. The charitable company is governed by its Memorandum and Articles of Association dated 26 May 2017, as amended by Special Resolution dated 21 December 2017. ils registered charity number is 1180989. b. Methods of appointment or election of Trustees The management of the Charity is the responsibility of the Trustees who are elected and co-opted under the terms of the Articles of Association. statement of Trustees. responsibilities The Trustees (who are also the directors of the Charity for the purposes of company lawl are responsible for preparing the Trustees. report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally AC￿pted Accounting Praclicel. Company law requires the Trustees lo prepare financial statements for each financial period. Under company law, the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the stale of affairs of the Charity and of ils incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to.. select suitable accounting policies and then apply them consistently., observe the methods and principles of the Charities SORP IFRS 1021., make judgments and accounting eslimales that are reasonable and prudent., slate whether applicable UK Accounting Standards IFRS 1021 have been followed, subject to any material departures disclosed and explained in the financial statements., prepare the financial statements on the going concern basis Ljnless it is inappropriate to presume that the Charity will continue in business. The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Charity's transactions and disclose with reasonable accuracy at any time the financial posllion of the Charity and enable them lo ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Page 3

MELDRUM FOUNDATION IA company limited by guarantee) TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 30 NOVEMBER 2023 Approved by order of the members of the board of Trustees and signed on their behalf by.. Cheryl Lea James Trustee •8'12024 Page 4

MELDRUM FOUNDATION IA company limited by guarantee) INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 30 NOVEMBER 2023 Independent examinerf$ report to the Trustee$ of Meldrum Foundation {'the Charity'l report to the charity Trustees on my examination of the accounts of the Charity for the year ended 30 November 2023. Responsibilities and basis of report As the Trustees of the Charity land its directors for the purposes of company lawl you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 20061'the 2006 Act'l. Having satisfied myself that the accounts of the Charity are not required lo be audited under Part 16 of the 2006 Act and are eligible for independent examination, I reFlOrt in respect of my examination of the Charity's accounts carried out under section 145 of the Charities Act 2011 I'the 2011 ACVI. In carrying out my examination I have followed the Directions given by the Charity Commission under section 14515llbl of the 2011 Act. Independent examiner's statement I have completed my examination. I confirm that no matters have come to my attention in connection wi(h the examination giving me cause lo believe". accounting records were not kept in respect of the Charity as required by section 386 of the 2006 Act", 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 give a 'true and fairf view which is not a maller considered as part of an independent examination., or the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities. 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 Ljnderslanding of the accounts to be reached. This report is made solely to the Charity's Trustees, as a body, in accordance wth Part 4 of the Charities IAccounts and Reports) Regulations 2008. My work has been undertaken so that I might stale to the Charity's Trustees those matters l am required to stale to them in an Independent examine¢s report and for no other purpose. To the fullest exlenl permitted by law, I do not accept or assume responsibility to anyone other than the Charity and the Charity's Trustees as a body, for my work or for this report. .£02417￿G￿￿F+1l éAIg312024 Michael Morris ACA Armstrong Walson LLP Chartered Accountants Newcastle Page 5

MELDRUM FOUNDATION IA company limited by guarantee) STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNTI FOR THE YEAR ENDED 30 NOVEMBER 2023 Unrestricted fund$ 2023 Total fund$ 2023 Total funds 2022 Note Income from: Donations and legacies Other trading activities 22 44,350 22 44,350 10 28,963 Total income 44.372 44.372 28,973 Expenditure on: Raising funds Charitable activities 20,967 22,610 20,967 22,610 11,290 24,103 Total expenditure 43.577 43.577 35,393 Net incomel lexpenditure) and movement in funds 795 795 (6,420) Re¢on¢iliation of funds: Total funds brought forward Nel movement in funds 3.813 795 3.813 795 70,233 (6,420) Totsl funds carried forward 4,608 4,608 3,813 The Statement of financial activities includes all gains and losses recognised in the year. The notes on pages 8 10 14 form part of these financial slatemenls. Page 6

MELDRUM FOUNDATION IA company limited by guarantee) REGISTERED NUMBER: 10792668 BALANCE SHEET AS AT 30 NOVEMBER 2023 2023 2022 Note Current assets Debtors Cash al bank and in hand 10 4,192 32,865 3,102 28,369 37.057 31,471 Creditors.. amounts falling due within one year 11 {32,449} {27,658J Net current assets 4,608 3,813 Total assets less current liabilities 4.608 3,813 Total net assets 4.608 3,813 Charity funds Reslricled funds Unrestricted funds 12 12 4.608 3,813 Total funds 4,608 3,813 The Charity was entitled to exemption from audit under section 477 of the Companies Act 2006. The members have not required the company lo obtain an audit for the year in question in accordance with section 476 of Companies Act 2006. The Trustees acknO￿edge their responsibilities for complying with the requirements of the Act with respect lo accounting records and preparation of financial statements. The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small companies regime. The financial stslements were approved and authorised for issue by the Trustees and signed on their behalf by.. Cheryl Lea James ITrusleel Btlb'812024 The notes on pages 8 10 14 form part of these financial slatemenls. Page 7

MELDRUM FOUNDATION IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2023 Legal status of the eharity The charity is a company limited by guarantee, has no share capital and is registered in England and Wales. The address of the registered office is Pantheon Building, Lancaster Road, Dunslon, NE119Jw. The liability of each member in the event of a winding up is £10. Aeeounting policies The principal accounting policies adopted, judgements and key sources of eslimalion uncertainly in the preparation of the accounts are as follows.. 2.1 Basls of preparatlon of flnanclal statements The financial statements have been prepared in accordance with the Charities SORP IFRS 1021 Accounting and Reporting by Charities.. Slalement of Recommended Practice applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 (effective 1 January 20191, the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 and the Companies Act 2006. Meldrum Foundation meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise slated in the relevant accounting policy. 2.2 Golng concern The charity has reviewed ils cashflow forecasts and there is a reasonable expectation that it has adequate resources to continue in operational existence for at least the next 12 months and on this basis the Trustees consider the charity is a going concern. 2.3 Income All income is recognised once the Charity has entillemenl to the income, il is probable that the income will be received and the amount of income receivable can be measured reliably. 2.4 Expendlture Expenditure is recognised once there is a legal or conslruclive obligation to transfer economic benefi't to a third paty, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable lo a single activity are allocated directly to that aclivily. Shared costs which contribute to more than one activity and support costs which are not attributable lo a single activity are apportioned be￿een those activities on a basis consistent with the use of resources. Expenditure on raising funds includes all expenditure incurred by the Charity to raise funds for ils charitable purposes and includes costs of all fundraising activities events and non-charilable trading. Expenditure on charitable activities is incurred on direcuy 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 2023 Accounting policies Icontinuedl 2.5 Debtors Trade and other debtors are recognised al the settlement amount after any trade discount offered. Prepayments are valued at the amoLJnt prepaid net of any trade discounts 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 date of acquisition or opening of the deposit or similar account. 2.7 Liabilities and provisions Liabilities are recognised when there is an obligation at the Balance sheet dale as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably. Liabilities are recognised at the amount that the Charity anticipates it will pay lo settle the debt or the amount it has received as advanced payments for the goods or services it mLJSt provide. Provisions are measured at the best eslim21e of the amounts required lo settle the obligation. Where the effect of the lime valLJe of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discoLJnt is recognised in the Statement of financial activities as a finance cost. 2.8 Fund accounting General funds are unreslricled funds which are available for use at 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 legacies Unrestricted funds 2023 Total funds 2023 Total funds 2022 Donations 22 22 10 Page 9

MELDRUM FOUNDATION IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2023 Income from other trading activities Income from fundraising events Unrestricted funds 2023 Total funds 2023 Total funds 2022 Fundraising Foundation Events 10,512 33,838 10,512 33,838 3,928 25,035 Total 2023 44,350 44,350 28,963 Expenditure on raising funds Costs of raising voluntary income Unrestricted funds 2023 Total funds 2023 Total funds 2022 Cost of raising funds Staging Fundraising Events 1,917 19,050 1,917 19,050 3, 784 7,506 Total 2023 20,967 20.967 71,290 Analysis of expenditure on charitable activities Summary by fund type Unrestricted funds 2023 Total 2023 Total 2022 Charitable activities - grant making 22,610 22.610 24,703 Page 10

MELDRUM FOUNDATION IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2023 Analysis of expenditure by activities Grant funding of activities Support costs Total funds 2023 Total funds 2022 2023 2023 Charitable activities - grant making 20,531 2,079 22,610 24,103 7a. Grants and donations 2023 2022 Grants lo institutions 15,000 5,531 17,750 1,370 Donations 7b. Analysls of grants The Charity has made the following grants to institutions.. 2023 2022 Oasis Community Housing Solan Connor Faw￿11 Cancer Trust Heel & Toe 5,000 5.000 5,000 7, 750 5,000 5,000 15,000 17,750 Independent examiner's remuneration 2023 Fees payable lo the Charity's independent examiner for the independent examination of the Charity's annual accounts 1,850 Page11

MELDRUM FOUNDATION IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2023 Trustees. remuneration and expenses The charity considers its key management personnel comprise the Trustees. During the year, no Trustees received any remuneration or other benefits {2022- £NIL). During the year ended 30 November 2023, no Trustee expenses have been incurred (2022- £NIL). 10. Debtors 2023 2022 Due within one year Trade debtors 3,267 925 3,102 Accrued income 4.192 3,102 11. Creditors- Amounts falling due within one year 2023 2022 Trade creditors Other creditors Grants payable Accruals and deferred income 29 16,320 12,500 3.600 15 10,043 15,000 2,6(10 32,449 27,658 Page 12

MELDRUM FOUNDATION IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2023 12. Statement offunds Statement offunds- currentyear Balance at 30 November 2023 Balance at 1 December 2022 Income Expenditure Unrestricted funds General funds 3,813 44,372 (43,577) 4,608 Statement offunds- prioryear Balance at 30 November 2022 Balance al 1 December 2021 Income Expendilurg Unrestricted funds General funds 10,233 28,973 {35,393J 3,813 13. Analysis of net assets between funds Analysis of net assets between funds - current year Unrestricted funds 2023 Total funds 2023 Current assets Creditors due within one year 37,057 132,4491 37.057 132.4491 Total 4,608 4,608 Page 13

MELDRUM FOUNDATION IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2023 13. Analysis of net assets between funds Icontinuedl Analysis of net assets between funds - prior year Unrestricted funds 2022 Total funds 2022 Current assets Creditors due within one year 37,471 (27,658) 31,471 f27,658) Total 3,813 3,813 14. Related party transactions David Meldrum, trustee, is a director of Meldrum Construction Services Limited. At 30 November 2023 a balance of £16,32012022 £10,043) was owed by the charity to Meldrum Conslru¢lion Services Limited, in respect of payments made on behalf of the charity. Page 14

Meldrum Foundation 2023 documents for signing Final ALJdil Report 2024-08-01 Created.. 20244)7-31 By.. Catherine McDonnell [e-mail] Slalus.. Signe(I Transaction ID.. CBJCHBCAABAAx4q4pf6420_UpqCbUXH5YWa2wCfiWSVd "Meldrum Foundation 2023 documents for signing" History Document created by Catherine McDonnell [e-mail] 2024-07-31 - 15..16..55 GMT- IP ad(Iress'. 62.89.150.154 P. Document emailed to Michael Morris [e-mail] for signature 2024-0741- 15.'27'.44 GMT Email viewed by Michael Morris [e-mail] 2024-07-31 16..25..08 GMT. IP addres5.' 195.210.126.72 Document e-signed by Michael Morris [e-mail] Signature Date.. 2024-07-31- 16..25..47 GMT- Tirne Sour(2'. server- IP addre5s'. 94.7.0.33 Document emailed to Cheryl James [e-mail] for signature 2024-07-31 16'.25.'51 GMT Email viewed by Cheryl James [e-mail] 2024-0￿1 - 06..15..19 GMT- IP ad(Iress.' 104.47.85.62 Document e-signed by Cheryl James [e-mail] Signaturé Date.. 20244)8-01- 06'.15".52 GMT- Time Sourc*.' $8rv8r- IP addr8s8'. 188.39.92.74 Agreement completed. 2024-08-01- 06.'15'.52 GMT Armstrongwatsorf Adobe robot Sign