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 ICatherine.McDonnell@artnstrongwalson.co.ukl
Slalus..
Signe(I
Transaction ID..
CBJCHBCAABAAx4q4pf6420_UpqCbUXH5YWa2wCfiWSVd
"Meldrum Foundation 2023 documents for signing" History
Document created by Catherine McDonnell ICatherine.McDonnell@armstrongwatson.co.ukl
2024-07-31 - 15..16..55 GMT- IP ad(Iress'. 62.89.150.154
P. Document emailed to Michael Morris IMichaelMorris@armslrongwalson.co.ukl for signature
2024-0741- 15.'27'.44 GMT
Email viewed by Michael Morris IMithaelMorris@amistrongwatson.co.ukl
2024-07-31 16..25..08 GMT. IP addres5.' 195.210.126.72
Document e-signed by Michael Morris IMichaelMorris@armstrongwatson.co.ukl
Signature Date.. 2024-07-31- 16..25..47 GMT- Tirne Sour(2'. server- IP addre5s'. 94.7.0.33
Document emailed to Cheryl James lcheryl.james@meldrumcs.coml for signature
2024-07-31 16'.25.'51 GMT
Email viewed by Cheryl James lcheryl.james@meldrumcs.coml
2024-0￿1 - 06..15..19 GMT- IP ad(Iress.' 104.47.85.62
Document e-signed by Cheryl James lcheryl.james@meldrumcs.coml
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
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