MONTSERRAT PATRONS SOCIETY Financial Ststements For the Year Ended 31" July 2025 MONTSERRAT PATRONS SOCIETY A CIO- FOUNDATION Registered 17th May 2021 Report and Financial Statements For the year ended 31st Juty 2025 Charity number 1194487
MoKfsERRAT PATRONS SOCIErY Financial Statements For the Year Ended 31" July 2025 Contents Page Background Trustee's Report Statement of Trustee's Responsibilities Independent Examiner's Report Staternent of Financial Activities Statement of Financial Position Notes to the Financial Statements 10-12
MONTSERRAT PATRONS SOCIETY Financial Statements For the year Ended 31M Juty 2025 Background Reference and Admlnlstratlve Infomiallon Charity Name: MONTSERRAT PATRONS SOCIETY Charily registration number: 194487 Company règistratton number: CE026117 Registered Office: 367 Caledonlan Road London N79DQ Trustees Mrs. Denise Meade-Hill Chair Mr. Peter Cassell Member Mr. Gifford Duberry Treasurer Secretary Mrs. Margaret Bramblo Member Bankers HSBC, 31 Euston Road. London. NW12ST Pa8e 3 of12
MONTSERRAT PATRONS SOCIErY Flnanclal Statements For the year Ended 31•t Juty 2025 Trustees Report Monls8rr31 Patron5 Society was 951ablished on 17 M3y 2021 with th8 purp058 of supporting urball and rural regeneration in area5 of social and econotnic d8prtvation. Areas supported focused specffically on the following. Relief of financial hardship Reli8f of unèmploymènt The advancement of education. tralning, or r8training. particularfy among unemployed people in Montserrat, and providing unemployed people with work 8xp8rience. The provision of financial assistance, technical assistance or business advice or consultancy to provide training and employment opportunities in MontSeal and in cases of financial or other charitable need through help: in setting up their own busines5 in Monlserral, or to existing businesses in Montserrat. Key a¢hlevements To dale the work has developed conlacts with Ihe local Montserrat Government Departments lo discuss the project currently occurring al the Davy Hill Community Cenlre. It focuses on business devek)pment. aquaponic5, and career development. The Monlserrat Patron Society IMPS} has been recognised by the Department for Agriculture as a potential valuable assel to executing the project. There are 6 NGOS signed up a5 participants lo the Aquaponics Project There have been two radio interviews in Montserral by Margaret Allen lo promote the Charily and to secure engagement with the areas of focus las outlined above). There are discussions ongoing behveen Montserrat Secondary School IMSSI and MPS in relation to th8 delivery of a Communication and Inlerpersonal Skllls workshops. A proposal outlining the prolecls IfTal MPS Is equlpped lo dellver. In line wrth Monlserrat Govemment priorities. has been Submitted for further consideration by the relevant Government departrnenls. The purpose and vlslon of the organisation Our mission is to provide a market for Services and products as set out in the Objects below.. "The promolion lor lh8 benefrt of the publlc 01 urt>an or rural migration in areas of soclal and economic deprivation (and in Montserrat) by all or any of the following means= a) the relief of financial hardship. b) the r8lief of unemployment. c) the advancement of education. training. or retraining. particularfy among unemployed people in Montserrat. and providing unemployed people with work experience P8qe 4 of 12
MONTSERRAT PATRONS SOCIETY Financial Statsments For the year Ended 31•t July 2025 d) the provision ol financial assistance. technical assistance or business advice or Gonsullancy lo providè training and employment opportunitiès in Montserrat and in case5 of financial or other tharitable need through help: in setting up their own business in Monlserral. c b. to existsng businesses In Mcffttserrat. e) the creation of training and emOyMent opporiunities by the prOMOn of workspace. buildings, andlor land for use on favourable temis. the maintenance. improvemenl or provision of public amenitses. g) the provision of recrealional facilities lor the publbc al large crf those who by reason of their youth. age, infirmity or disablemenL financial hardship or social arKI economic circumslances. have need of such facililies. h) such other means as may from time to time be delemined subject lo Ihe prlor written consent of the Charity Commissioners for England and Wales." Structura, Governance and Manarnant The committee ffleets quarterly or more frequently (as required) to discuss ongoing projects. finance, fundraising and spectfic projects. Govemlng Documents MPS was incorFKITated as a Soclety by Companies House in O¢lober 2019 Rlsk Management The Directorsrrruslees intend lo establish systems and procedures to miligale any risks idenb'fied in Ihe future and the implementation of proce(iures designed to minimise Potential impact on the charity company. Trustees. induction and training Where there is a need to invite new Trustees. these will be ideniified and appoinled by the current Trustees. Flnanclal revlew The Charity's financial statements for the year ended 31st July 2025 show NdAssets of £2314 Reserve policy It is the intention of the Direclors Thrustees to eslablish unrestricled reserves and other purposes. Pa&¢ S of12
MONTSERRAT PATRONS SOCIETY Flnanclal Statements For the Year Ended 31" Juty 2025 Statement of Trustees, Responsibillties The Trustees are responsible for preparing the Report of the Trustees and the financi81 statements in accordance with Applicable Laws. The law applicable lo charitable companies is lo prepare Financial Statemènts for each financial year which gives a true and fair view of the slate of affairs of the charitable company, the incoming resource and applicaiion of resources. including the income and expenditure, for that period. In preparin9 those financial 5tatemeats, the Trustees are required to- S8lect suitable accounting policies and then opply them consistently. Observe the methods and principle in the Charity in accordance with th8 Statements of Recommended Practices ISORPI. Make judgement and estimates that are reasonable and prudenl. Prepare the financial statement on the going concem basis unless il is inappropriate to presume that the charily will coniinue in business. The Trustees are responsible for keeping proper accounting records and disclosing with reasonable accuracy at any lime the financial position of the charitable company. They are also responsible for safeguarding the asset of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Accountants The accouniants. Allen RoDyn a Assoclates Llmlteo will be proposed for re-appoinlmenl al the forthcoming Annual General Me ting Approved by the Trustèes c ON BEHALF OF THE BOARD: Denise Meade-Hill Gifford Duberry CHAIRITRUSTEE TREASURERrrRUSTEE
MONTSERRAT PATRONS SOCIETY Financial Statements For the Year Ended 31" July 2025 Independent Examiner's Report to the Executive of Montserrat Patrons Society We report on the accounts of Montserrat Patron Society for the year ended 31sl July 2025, which is set out on pages 10-12. Respectfve responsibllltles of executlvw6 and èxamln•r The Company's execulive is responsible for the preparation of the accounts. They consider that an audit 15 not required for thi5 period under the article5. bul Section 6{b) of the Articles slates that dislribulions elc. must be in accordance with such provisions as are contained in Part IV of th8 Companies Act as shall be applicable and noted that an independent examination is needed. It is our reswnsibilty to.. examine the accounls under Companles Act. to follow the procedures laid down by the Inlernational Financial Reporting Standards IIFRS).. and lo stale whether matters have come to our attention. Basis of Independent exarnlnerfs report An &xamination includes a review of the accounting records kept by the Company. It also includès con5id8ration of any Unusual items or disclosures in the accounts. The procedures undertaken do not provid8 311 thè 8vid8nc8 that would be required in an audil and consequently no opinion is given as to whelher the ac¢ounls present a 'true and fair vt&W' and the repon is limiied 10 Ihose matters sel out in the slalement below. Indepandent examlnees slatement In connection wilh our examination, no matter has Gome to our attention= 1) which gives us reasonable cause to believe that in any material rgspect the requlremenis: lo keep accounting records and to pr&pare accounts which accord with the accounling records and comply wilh ihe accounting have not been met., or 21 to which. in our opinion. attention should be drawn to 8nablè a propgr understanding ofth accounts to be r8ach8d. Ilen FCCA Allen Robyn & Associates Ltd Date: r,1
MONTSERRAT PATRONS SOCIETY Flnancial Statements For theyear Ended 31" Juty 2025 Statement of Financial Activities st Forthe Year Ended 31 July 2025 Vnrnslylct•d R•striei•d Total thlB Total thls In¢om& fuNls Y8ar 2025 Y•ar 2024 Incomlng resources Donations, Legacies and Grants 320 320 905 Total Incoming rnsourc 320 320 Costs of g•n•ratlng funds Charilable aclivities-Resources expended {Note 2) 1.381 1,381 1,671 Total ro8ource$ expended 1.381 1.381 1.671 (Doficit) I Surplus for th• Y•ar 11.0611 11.0611 17661 Balance- Bou9hi forwjrd 13,082) (3,082) 12,316} Tolal Carried Forward (£4.1431 1£4.1431 1£3D821 The slalement of financial activities includes all gains and losses in the year. Incoming resources and r8source5 expended derive from conlinuing aclivilie5.
MONTSERRAT PATRONS SOCIETY Financial Statements For theyear Ended 31" July 2025 Stal•m•ntofFlnancbal Poslllon AS at th• 31# July 2025 2W25 2024 Fbxod A$s•ts IntaTvJibk Assd 5.97T 5,977 T8nglblt Assei 13201 12401 Total FSxod Ass•t 5,9TT 6,057 Curr•n¢ AS1$ Cath at bank aTrJ In 357 778 Total AsS•t5 6.835 Current Llabllkles 1,320 1.IfLI Related Paty 2,700 2.7(K) Totrl CurTgnt Llabllltlos 4.020 3.86CI Total NètAssets £2.314 £2,975 Contrlbut•d Capltsl 6.057 6.057 Add: Contrlbut•d C•pltal- Exp•n#• FgI¥•- Noto S Unfeslrlct•d Funds 14.1431 (3.0821 Nut Caprtol £2,314 £2,975 These financ1 statents have been wepared in YKcordance wih the of Sedim. 1A {Smal Enbbes} of Finncial ReFt)rtfftg Apprtwedbythe Bo•nl ofTnJste•s c naa OA rt• b•haltr
MONTSERRAT PATRONS SOCIErY Fbnanclal Statements Forthe Year Ended 31" July 2025 Notes to the Financial Statements Notes formlng part of the Financlal Statements for the year ended 31" July 2025 1. Registrdllon of the Charitable Incorpor Organlzatlon Charitable Incorporated Organi2attons or CIOS are a relatively new18gal structure available for charities or charitable groups that wished lo be incorporated available for charities or charitable groups that wish to be incorrated. 11 can be picked inslead of registering as a charity and then as a company CIOS hav8 been designed specifically for charitable groups, allowing them to register jusl once with the Charity Commission as an incorporated form of charity which is not a company. This cuts out the need to register and repwi lo Companies House. CIO members still have key rights in law and under the Constitution and trustees a still responsible for managing the or9anizalion (note that trustees for CIOS will only be trustees, they will nol have Ihe dual role of the Company Director. The accounting policies have been applied consistently through1 the year and in the preceding year. a. Basls of a¢¢ounting The financial statements have been prepared under the historical cost convenlion. as modtfied by the inclusion of fixed asset investments al m8rket value. ana in accor(jan V*ith Ihe companies Act 1985 an(i the Slalernent Of Recommended Practice: Accounting and ReFX)rting by Charities issued in March 25. b. Fund accounting Unrestricled funds are available lor use at the discretion of Ihe trustees in furtherance of the general objectives of the charity. 11. Designaled fun¢Js a unreslricled funds earmarked bylhe ManageT¥7ent Comfflittee for particular purposes. i. Restricte(I funds are subJ"ecled to restriclioris on their expenditure imposed by the donor or through the tenns of an appeal.
MONTSERRAT PATRONS SOCIETY Flnanclal Ststements For tho Year Ended 31" Juty 2025 ¢. Incomlng resources All incoming resources are included in the sfatemenl of finanGial activities when the charity is entitled to. and virtually certain to receive, thè income and the amount can bè quantified with reasonable accuracy. The following polici8S are applied to particular categories of income: l. Voluntsry income is received by way of grants, donations and gifts and is included in full in the Statement of Financial Activities when receivable. Grants. where entitlement is not conditional on the d&liv8ry of a specific performance by the charity. are recognised when the charity becomes unconditionally entitled lo the grant. ii. Donated services and facilities are included al the value lo the charity where Ihis can be quantified. The value of services provided by volunleers has not been included in these accounts. 111. Incoming resources from charitable trading aclivity are accounted for when eamed. d. Resources expended Expenditure is recognized on an accrual basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered. and is reported as part of Ihe expenditure to which il relates-. i. Costs of generating funds comprise the costs associated with attracling voluntary income. li. Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. 11 includes both costs that can be allocated directly lo such activities and tnose costs Oi an Indirect nature necessary to support tnem. iii. Governance costs include those costs associated with meeting the consulutoonal and stalulory reqvlremenls of the charity and include the accounting fees and tssis linked to the strategic man8g8ment of lh8 charity. All costs ar8 allocatad tho oxpanditur• ¢atOgorfvs of tha SOFA on a basis designed to refled the use of the resourc8. Costs relating to a particular activity are allocated directly. e. Flxed assets Flxed assets are slaled Bl cost or valuab.on less accumulated deprèclatlon wher8 appropriate. The COS of rnor additions or those cosling below £100 are not capitalized. D8preciati(M is provided at rates calculated to write off the cosvvaluation ol each asselover its expected useful lrfe.
MONTSERRAT PATRONS SOCIETY Flnanclal Statements For the Year Ended 31" Juty 2025 2. Total Resources Expended Basls of 2025 Totsl 2024 Total Athiini%tsati( Direcl Cost Direct 966 Bank charge5 and interest Transa(*ions 55 55 65 Legal and professial Usage fees 360 360 360 Registered office usage Usage 200 200 200 1.301 1,301 1,591 Depreclalion Usage 80 80 Total Resources Expended £1,381 £1.381 £1.671 3. Contrlbuted Gapilal Contrlbuted Capilal represents capital assets donated to the C50 with a view lo g8n8rating Income in the future 4. Related Party Transactions Related Paty Transactions represents pre operating expenses paid on behalf ofthe CIO by Allen & Allen ConsuRing Limited which was agreed would be repaid. 5. Expense Forgiven: Two121 years Annual Regislered Office fees was forgiven amountlng to £400.00 this amount was included in the Contributed Capilal