MONTSERRAT PATrONS SOCIErf
Flnan¢lal Statements
For th• Y•ar End•d 31%¢ July 2024
MONTSERRAT PATRONS SOCIETY
A CIO- FOUNDATION Registered 17th May 2021
Report and Financial Statement$
Forthe yèar ended 311t July 2024
Chartty number 1194487

MopifsERRAT PATRONS SOCIEr¢
Flnan¢lal Statsm•nts
Forthe Y•ar Ended 31" July 2024
Contsnts
Pag?
Background
Trustee's Report
Stalement of Trustee's Responsibilities
Independent Examinerfs Report
Statement of Financial Adivities
Statement of Financial Position
Notes to the Financial Statements
11>12

mop￿SERRAT PATRONS SOCIETY
Financial &latements
For the year Ended 31$1 July 2024
Background
R•f•r•n¢• and Administrativ• Informotlon
Charity Nam&:
mo￿SERRAT PATRONS SOCIETY
Charity registration number..
194487
Company regIStra￿On number..
CE026117
Registered Offic•:
387 Calodonian Road
London
N79DQ
Trust••s
Mrs. Denise Meade-Hill
Chalr
Mr. Peter Ca88ell
Member
Mi. Glfford Duberry
TTo8sumr
SeGrelory
Mrs. Margaret Bramblo
M•mbgr
Bank•rs
HSBC, 31 Euston Road. London. NW1 2ST
Page 3 of 12

MO￿rsERRAT PATRONS SOCIErY
Finaneial &*temwts
For th• y•ar End•d 31" July 2024
Trustees Report
Montserrat Patrons Society was establishèd on 17 May 2021 wilh the purpose of supporting
urban and rural regeneration In areas of soclal and economic deprivation.
Areas supported focused specrficalty on the fdtowing..
Relief of financial hardship
Relief of unemploymenl
The advancement of edu¢alion, tralnlng. or retrainifto, particulady among
unemployed people In Montserrat. and providing unemployed people with work
experience.
Th& provi$ion of finan¢ial &$¥i¥tan¢&, tethni¢o1 assistsnce or busintrtss advice or
consultancy to provide training and employment opporbJniti0$ in Montsorrat and in
ca8eg of financial or other charitable need through hèlp..
In settlng up thelr own bu￿neSS In Montserrat, or
to exlsttng bu8lnosses In Montsorr8t.
K•y *ohl•v•m•nts
To d•to th• work h8$ d•volop•d ¢oftt$¢ts with tho lo¢•1 Montserrat Gov•rnmonl
Dopartments to discu88 the project ￿rr&nIlY oc¢urilng at the Davy Hill Cornmunity
Centre. It focu¥es on bu¥ine83 development. aquaponics, ond career development.
Th8 Montserrat Patron Society (MPS) has been r8cognis8d by the Departmént for
Agriculturè 88 a potenti81 valuable asset to executing thè project.
There aro 8 NGOS Signed up 88 parti¢iP8nt$ to tho Aquaponi¢8 Project
There have been two r8dlo Interviews in Monlserrat by M8rg8ret Allen to promot& th&
Charlty and to secure engagement with the areas of focus (as oullined abov8).
There are discusBiOllS ongoing betw8•n Montsorrat Secondary School {MSS) and
MPS in relation to the d•liv•ry of 8 Communication and Interp•rsonal Skills
workshops.
A propos41 oulining the proiects that MPS is equipped to deliver, in line wth
Montserrat Government priorities. has been submitted for further consideretion by
the rfrlevanl Govemm8nt dèpgrtm•nts.
Th• purp•s• and vlslon of lh• oryanlsall¢Jn
Our mission is to provide a market for ser¥ices and products as set out in the Objects below..
'The promotion for the benefit of the public of urban or ruial migratson in areas of social and
economlc d•prlvallon (and in Montserratl by 811 or any of the following means..
a) the relief of fin8naal hardship.
b) the relief of unèmployment.
c) the advancement of education. training. or retraining, parlicularly among unemploy•d
people in MontseTtat, and promding unemployed people wrlh work experience
Page 4 of 12

Mol￿SERRAT PATRONS SOCIETY
Financial StateThnts
Forth• y•ar End•d 31*t July 2024
d) the provision of financial assstance. technul assistance or business advice or
consuttancy to provide training and employTrent opportunrties in Montserrat and In
cases of financial or other charitable need through help..
a. in setting up their own business in Montserrat. or
b. to existing businesses in Montserrat.
e) the creation of training and empbymenl opportunities by th? provision of workspace.
buildings. andlor land for use on favourable teffns.
the maintenanc£, improvement or provision of publlc amenttbs.
g) thé provision of rocr8ational facilitses for the public at large or those who by reason ol
their youth. age. infirmty or disablement. finanpAal hardship or social and economic
circumstanc6s, hav8 néed of such facilities.
h) such other means as may from time to lime be detemiln8d subject to the prtor wrfften
consenl of the Charity Commlssioners for England and Wales."
8lru¢tur•, Gov•rnano• and Manag•m•nt
The commhte8 meets quarterly Of more frequernty (as requlred) to d1￿88 ongolng projects,
fln8nc8, fundralsing and speclfic projècas.
Gov•rnlnq Docum•nts
MPS was incorporated as a Soclèty ty Companbs House kn October 2019
Rl•k Management
The Dlrectorsrrrustees Intend to establlsh systems and procedurès to miligate any rlsks
klentffied in the future and the iMp￿mental10n of procedures deS￿ned to miniml8e potential
impact on the charity company.
TN•ts•s' Indu¢tlon and tralnln9
er& thore is a need lo invite new Trustees. Ihese will be identifi8d and appointed by tho
current Trustees.
FlnAnelil r•vl•w
The Charitls financial statomenls fortho year ondod 31 st Juty 2023 sh¢yN Net Assets of £8,137
R•s•N• p•ll¢y
is the inlenlK)n of the Direclors ￿rUSteeS to eslablish unresiricted reserves and other
Pufposes.
PaBe 5 of12

MONTSERRAT PATRONS SOCIETY
Finarbcial Statements
Forth• Year Endod 31 July 2024
Statement of Trustees Responsibilities
The Tiu$tees are responsible for preparing the Report of the Trustses and the financial
ststements in a¢¢ordance wlth Applicable Laws.
The law 8ppllcable to chafltable companies is to prepare Financial Stataments for each
financial year which ￿yeS 8 true and fair view of tho statg of affairs of th8 eharitable
ompany, the incoming resource and application of resources. including the incomo and
expendI￿re, for that pèTlod. In preparing thoso financial statoments. the Truste¢8 are
required to..
S8lect 8ultabl& accounting policie$ and then apply them consistenlly.
Observe the methods and prlndple In the Charity in a¢¢ordance with the Ststaments
of Recommend8d Practices {SORP).
Make judgement and •stimate$ that 8r8 roesongblè and pwdent.
Prepare the fin8ncial ststement on the going concem basls unless it 1$ In8ppropriat8
to pr88umo that thè charlty wlll conknu• In bus￿8$$.
The Trustees aro responslblo for keeplng proper 8G¢ountlng records and disclosing with
reasonable accuracy al any tlme the financial position of the charitablè company. Thèy are
also responsible for safeguardlng the assel of the charity and hence for tsking reasonable
Steps for the prevention arsd detection of froud and olhèr irregularitios.
Accountsnts
The accountsnts. Allen Robyn & Assodatss Limlted will bo proposed for r•-appointment at
tho forthcomlng Annual Gon9ral Mee￿ng.
ApY0v￿ by the Tr￿te09 on ....................
ON BEHALF OF THE BOARD:
08nise MÈade-Hill
Gifford Duberry
CHAIRrrRUSTEE
TREAsURER￿RusTEE
Page 6 of 12

MopirsERRAT PATRONS SOCIETY
Financial Statements
For the Y￿r Ended 31 July 2024
Independent Examiners Reportto the Executive of
Montserrat Patrons Society
We report on the accounts of Montserrat Patron Society for the year èndèd 31st July 2024.
which is set out on pages 10-12.
R•SP•￿1v• r•sponsibilrti•s of •x•cutiv•s and examiner
Th• Company's execulive is r8spon$lblo for the preparatlon of the 8¢counts. They consldgr
that an audit is not required for this period under the arlidos, but Section 8lb} of the Artlcles
$latgs that distributions ¢lG. must be in accordance with yu¢h provi8ion8 as are ¢ontain&d in
Part IV of the Companies Act 8$ shall be opplicable and noted that an independent
èxamlnotion is needed.
It Is our reSPKinslbllty to..
•xamine the accounts undgr Companies Act.
to follow the procedures laid down by th• International Finanual Reporting Standards
IIFRS)., and
to State wthother matter8 have come to our attention.
Basls of Ind•p•nd•nt •xamin•fs rnport
An èx8mln8￿On Includos 8 revlew ol the accounting recordg képt by tho Company. It also
Includ88 consld•ration of any unusual item8 or di8clo8ur•s in tho 8ccounts. Th8 procedures
undortaken do not provide all the evldence thal would bo rgqulred In 8n audlt and
consequently no oplnlon is given 8S to whether the accounts present a Irue and falr vlew,
and the report is limited to those matters set out in the statement below.
Ind•p•nd•nt •x*min•rfs stat•m•nt
In connecuon wlth our examlnatlon, no mattor has come to our attention:
1) which obv88 us reasonable cause to belleve Ihat In any m8terial respect the
requIr￿ents.
lo keep accountino rècord$ and
to prepare accounts which accord with tho a¢counting records and comply
ith the accounting have not been met., or
21 to whlch, In our opinion, attertion should bo drawn to enable a proper unde¥¥tandlng
ofthè a¢countsto be reathed.
Rolston Allen FCCA
Allen Robyn & Associatss Ltd
Datg..
Page 7 of 12

MONTSERRAT PATRONS SOCIETY
Financial Slatements
For the Year Ended 31 July 2024
ststement of Financial Activities
Forthe Year Ended 31"July 2024
thL*
It)¢¢)TrM •Jftd5 Ygw 2024 Y•ar 2W23
Ino•ming r•souro•5
Donations, Legacl8s and Gfarts
2,360
Total In¢omlng Mour¢••
905
2,360
Co•18 of 9•n•rallng fund•
Charitable adibryte8-Re8our¢e8
exptndod (Nottr 2)
Total rM•ur¢•• •xp•nd•d
1.671
1.871
2,032
1,671
1,671
2,032
(D•ficlllSu￿IU& forth• Perlod
(7661
17661
328
B•lane•- Bought forward
12,3161
12,316) 12,6441
Total Carrl•d Fotward
(£3,082)
1£3,0821 (£2,316)
The stst&ment of ff nancial a¢tiviti•s includes 811 galns and Iossos In the year. In¢omlno
resources and resources 8xpended derive from continulng activities.
Page 8 of 12

MONTSERRAT PATRONS SOCIErY
Financial Statements
Forthe Year Ended ￿%1 July 2024
ststement of Financial Position
As at the 31st July 2024
X124
Flx•d As5•ts
Intangible Asset
5,9TI
5.977
Tangib￿ Asset
320
320
Lass D•preciation
(240)
(160)
T•lal Fix•d Ass•¢
6,057
6,137
Curr•nt Ass•ts
Cash al bank and kn h￿d
904
Total Assets
7,041
Curr•nt Liabilili•s
A￿￿aL8
1,160
6QJ
Related Party
Total Curr•nt U•bllhl•s
2,700
2.700
3,860
3.300
Total N•tAss•ts
£2,975
£3,741
Contribut•d Capllal
6,057
6,137
unr•Strl￿•d Funds
(3.082) (2,396)
N•t Capltal
£2,975 £3,741
Thesè financrdl stal¢ment$ have been prepared in accordance wlth the proNllsions of Sectkm.
1A {Small Entities) of Financial Reporting Standard
Approved bythe Board ofTrusteeson.........................
-and
Pag¢ 9 of 12

IAoiifsERRAT PATRONS SOCIFrY
Financial Statemènts
For the Y￿r Ended 31" Juty 2024
Notes to the Financial Statements
Notos foming part of tho Financial Stat•m•nis forthe yearended 31 July 2024
1. Regi8tYation of the Charitable Irwrporat4d Chpnisation
Charitable Inc4)rporaled Organizations or CIOS are a rnlatively new legal structure
availabl6 for charities or charitable groups that wished to be in¢ofporated available
for ¢harltle$ or chartt8ble groups that wish to be incorporated.
11 eAn be pid(ed instead of rogistering as a charity and then as a ccffipary
CIOS have been designed specmcalty for charftable groups, allowlng them lo reglster
just once with the Chariiy Commission as an incorporated fom of charity which is not
a company.
This cuts out the ne8d to rngister wlth and report to Compan￿9 House.
CIO members still hawi key rlghts in law and under the Constitution and trustees are
stlll responsible for managin9 Ihe organlsatlon (ncrte that trustees for CIOS wlll only
be trustees, thèy will not haTrM the dual role otthe Company Director.
The accnuntlng pollcles hawJ boon applied (J)nsistently throughout year and In
the precedk)g year.
Ba$1$ ala¢eounlkng
The finanGial statemerrts have been pr•par•d und•r tho historical cost
conventlon, as modifEd bythe inclusion of fixed asset investments at market
value. and in accordance wilh the Companies Act 1985 and the Statement of
Recommended Pracll¢e.' Accounting and Reportlrrfj by Charities issued in
March 2CQ5.
b. Fund aeeountlng
l. Unrestrlcted funds are available for use at the dlscrellon ollhe
trusteas in fvrtherance of
the general objectives Of1￿ charity.
11. Designated funds are unrestricted funds eannathed by the
Management Committee for parti￿lar purp0s8S.
iii. Reslricaed fijnds are subjected to restrictions on their e￿and[tUr0
imposed by the donor or through Iho te￿$ of an appeal.
Pagc 10 of 12

MopifsERRAT PATRONS s￿IETy
FinaneAI Statsments
For the Year Ended 31 Juty 2024
c. In¢oming Tr￿urceS
All incoming resources are included in the statemenl of financial activities
when the ch8rity is enlrued lo. and virlually certain to receive, the income and
the amount can be quantiffied vllh reasonabla accuracy. The following policies
are applied to particular categories of income-
i. Voluntary incom¢ Is rec8iv8d by way of grants, donations and gifts
and is included in full in the Statement of Financial Activities when
recèivable. Grants. where entrtlement Is not condltlonal on Ihe delivery
of a specific performancg by the Cha￿ty. alè r8¢ognised when the
chartty becomes unconditionally entiled lo the grant.
11. Oonated gorvlces and f8cilities are included at the value to thg charlty
where this can be qu8nlfied. Th8 Value of servlces provlded by
volunteers has not been included in these fj¢counts.
111. In¢oming resources from charitabl• trading activity are accounted foT
when eamed.
d. R•s•ure•s •xpnd•d
Expenditure is r6cognl$ed on an accrual basis 88 a liabllty Is InGurr•d.
Expendbturé indud•s any VAT whlch cannot bo fijlly ro¢ovorod. and 1$
reportod as part ol the expenditure to whlcfi It relates=
i. Costs of generating lunds cornprise the Costs assodat8d wilh
attra¢llng voluntsry Income.
11. Ch8rltsble expenditure comprises those costs incurred by tho charity
In Ihe dglivery of Its aclvitt98 and services for its b8nèflciarle8. It
In¢ludos both c06ts that can be allocatgd directly to such activit'es and
those ¢o$ts of an Indlrect nabjre necessary to support them.
i. Govemance costs include those costs associatèd wlth meetlng the
constitutional 8fKI stalwtory raquirements of the charity and includg tho
#ccourrting fees And Co￿9 linked to tra strat8gle m8n8gèm•nt of the
charity.
Iv. All costs are allocated b¥iwè￿ tha 8xp•nthbJre categorie5 Of the
SOFA on a ba￿S designed to rèfi8Ct tho use of the resourcg. Costs
relating to a particular adivty are allocated direclly.
e. Flx•d ass•ls
Fixed 855*ts are stated at Cost or knss accumuLgted deprecMlon
where apwowiate. The costs of minor additions or those cosling ￿loW £100
aro nol capitali5ed. Depreaation is provijwj al rales calcukt8d to write off the
osu valuation of each asset over its expected useful life.
Page Ilof 12

MONTSERRAT PATRONS SOCIETY
Financial Statements
For thg Year Ended 31*t July 2024
2. Totsl Resources
expended
B*#i¥ of
alk￿lI0ftE
2024
Total
2023
Totsl
Direct Cost
Direct
1,017
Bank charges and
interest
Tran&*t
ions
65
65
55
Legal and professional Usage
360
300
Registered of usage
200
200
500
1.591
1.591
1.872
Depreciation
Usage
80
160
Total Resources
Expended
£1,671
£1,671
£2,032
3. Contrfbuted Capltal
Contributed Capital repres•nts ￿PItal assets donated to the CIO with a view to
generating Income in the fvture
4. R•latod Party Tran84Ctlong
Related Party Transactions represants pre opergting èxpenses paid on bohalf of th
CIO by Allen & Allen Consulting Limrted which was agr99d would be repaid.
Page 12of 12