MIDHURST CLT LIMITED
(A COMPANY LIMITED BY GUARANTEE)
UNAUDITED
TRUSTEES, REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024
COMPANY REGISTERED NUMBER: 10887222
CHARITY REGISTERED NUMBER: 1199829

MIDHURST CLT LIMITED
(A COMPANY LIMITED BY GUARANTEE)
INDEX TO THE REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED
31 JULY 2024
Page
Trustees, Report
Independent Examiner's Report
Statement of Financial Activities
Balance Sheet
Notes to the Financial Statements
9-14

MIDHURST CLT LIMITED
(A COMPANY LIMITED BY GUARANTEE)
TRUSTEES, REPORT FOR THE YEAR ENDED 31 JULY 2024
The Trustees present their Annual Report together with the financial statements of Midhurst CLT
Limited for the year ended 31 July 2024. The Annual Report serves the purpose of both a trustees,
rewrt and a directors, report under company law. The Trustees confinn that the Annuat Report and
financial ststements of the charitable company comply with the current statutory requirements, the
requirements of the charitable company's goveming document and the provisions of the Statement
of Recommended Practice (SORP) applicable to charities preparing their accounts in accordance with
the Financial Reporting Standard applicabl¢ in the UK and Republic of ITeland (FRS 102) (effective
l January 2019).
Since the Charity qualifles 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 Directors. Report) Regulations 2013 has been omitted.
REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES
AND ADVISERS
Charity registered number:
1199829
Company registered number:
10887222
R¢gisl¢red O￿lee address:
Greens Court, West Street, Midhurst, GU29 9NQ
Trustees and Directors:
P A Collins
D F Coote
G L Dixon
P R Gibbon
JNHart
G V McAra
P A Mellings
A B Moore
Bankers:
HSBC
Independent Examiner:
A R Mardle FCA

MIDHURST CLT LIMITED
(A COMPANY LIMITED BY GUARANTEE)
TRUSTEES, REPORT FOR THE YEAR ENDED 31 JULY 2024 (CONTINUED)
STRUCTURE, GOVERNANCE AND MANAGEMENT
Contrtilulion
Midhurst CLT Limited was incorporated on 27 July 2017, limited by guarantee and without a share
capital. It was registered as a charity on 27 July 2022.
The Company is govemed by its Articles of Association which were adopted on 25 March 2022. In
the event of the Company being wound up each member may be required to contribute an amount not
exceeding £ I for the payment of any debts and liabilities of the Company contracted before he or she
ceased to be a member.
Melhods of appointpnent or election of Trustees
The directors of the Company are also charity trustees for the purpose of charity law.
The management of the Charity is the responsibility of the Trustees who are elected or co-opted
under the tem)s of its Articles of Association.
The Company's Articles of Association state that the board shall not be less tljan three in number.
The usual tenn of office for a Director shall be three years, at the end of which they shall retire.
Subject to article 15.1 I, a Dire¢tor shall be eligible for reappointment by the Directors for up to a
fi]rther two ternis, each of three years.
No Director shall serve for more than nine consecutive years, unless the DiTectors consider it would
be in the best interests of the Charity for a particular Director to continue to serve beyond that period
and that Director is reappointed in accordance with the Articles.
All the members of the Governing Body give of their time freely and no remuneration or expenses
were paid to them during the year. No member of the Governing Body, or person connected with a
member of the Governing Body, received any benefit from the Company.
Organisational struclure
The Trustees convene as and when the need arises.
Policies adopledfor the induction and truining ofthe Trustees
The existing Trustees are already familiar with the work of the Company. An agreed process of
induction and briefing is provided for new trustees to whom details of the operational framework of
the Company and the latest published report and financial statements are also provided. Trustees are
advised of their obligations.

MIDHURST CLT LIMITED
(A COMPANY LIMITED BY GUARANTEE)
TRUSTEES, REPORT FOR THE YEAR ENDED 31 JULY 2024 (CONTINUED)
RiFk Management
The Trustees have identified and conducted a review of the Major risks to which the Company is
exposed and has established systems and procedures to mitigate and manage those risks. It is
recognised that these systems and procedures are only able to provide reasonable but not absolute
assurance that major risks are being adequately managed.
OBJECTIVES AND ACTIVITIES
Policies and objectives
The Trustees are mind￿1 of the Charity Commission'5 guidance on public benefit and takes it into
account when making decisions.
In setting objectives and planning activities, the Trustees have given due consideration to general
guidance published by the Charity Commission relating to public benefit. including the guidance
"Public benefAt.' running a charlty {PB2)"
ACHIEVEMENTS AND PERFORMANCE
Main achievemenls of Ihe Charity
Midhurst Community Land Trust (MCLD is a not-for-profit organisation who's overarchAng aim is
to make available a long-tertn stock of genuinely affordable housing to rent in the Midhurst area for
local people and k¢y workers who are important to the fabric of the town. It seeks to either own land
or at least have very long leases and control such things as the rent and design of houses or flals.
A community land trust is a social enterprise set up to benefit a specific community by owning
important local assets.
Midhurst CLT was set up in 2017 and ill July 2022 was granted charitable status. MCLT fonns part
of a national network of community land trusts.
MCLT currently owns two houses, both bought with generous grants from Chichester District
Council and South Downs National Park Authority with the balance being borrowed. The rent covers
the borrowing costs and the servicing of the properties.
A strong allocation policy is in place and this was used for the fair allocation of tenancies to local
people and will b¢ the backbone of future allocation of leases.
MCLT continues to seek out local opportunities and at present has a robust pipeline. It is in
negotiation to obtain a long lease and refurbish a large building, Éo purchase fannland on which 30
plus units could be built and various other propositions that are more long tern).
More infonnation is available from MCLT'S website whose address is .' https:l/www.midhurstclt.orgl

MIDHURST CLT LIMITED
(A COMPANY LIMITED B Y GUARANTEE)
TRUSTEES, REPORT FOR THE YEAR ENDED 31 JULY 2024 {coNfiNUED)
FINANCIAL REVIEW
Going concern
After 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 ihis rea50n,
they continue to adopt the going concern basis in preparing the fxnancial slatements. Further details
regarding the adoption of the going concern basis may be found in the accounting policies which
fonn part of the notes to the financial statements.
Resultsfor Iheyear
The Company operated successfully during the year and maintained a sound fll]ancial position at the
year end.
Total income amounted to £26,448 (2023: £29,208) and total expenditure amounted to £13,170
(2023: £16,298). This resulted in net income of £13,278 (2023: £12,910).
The Balance Sheet at 31 July 2024 showed Total Funds of £39.301 {2023: £26,023).
Reserves Policy
The Trustees continue to review the Company's Reserves Policy in order to ensure that the level of
Free Reserves held on an ongoing basis will be adequate to fiJlfIl the Company's obligations and to
maintain its financial stability.
Environpnenlal. Social and Corporate Governance IESG), SÉewar(Lwhip and Climale Change
ESG has come sharply into focus having been driven further and faster by the climate change crisis
and recently by thc coronavirus pandemic. The Board believes that ESG factors are likely to have a
material impact on investment risk and return outcomes and that good stewardship Can create and
preserve value for companies and investment markets as a whole. The Board also recognises that
long-tenn sustainability issues, particularly the climate change CTISIS, present risks and opportunities.

MIDHURST CLT LIMITED
(A COMPANY LIMITED BY GUARANTEE)
TRUSTEES, REPORT FOR THE YEAR ENDED 31 JULY 2024 (CONTINUED)
FINANCIAL REVIEW (CONTINUED)
STATEMENT OF TRUSTEES, RESPONSIBILITIES
The Trustees, who are also the directors of the Charity for the purposes of company law, are
responsible for preparing the Trustees. Report and the financia] statements in accordance with
applicable law and United Kingdom Accounting Standards (Uniled Kingdorn Generally Accepted
Accounting Practice).
Company law requires the Trustees to prepare financial statements for each financial year. 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 state of affairs of the Charity and of its incoming resources and
application of resources, including its income and expenditure, for that period. In preparing these
fu￿claI statements. the Trnstees aTe required to:
(a) select suitable accounting policies and then apply them consistently.
(b) observe the methods and principles of the Charities SORP (FRS 102}.
(c) make judgments and accounting estimates that are reasonable and prudent.
(d) state whether applicable UK Accounting Standards (FRS 102) have been followed, subject to
any rnaterial departures disclosed and explained in the financial statements.
(e) prepare the financial statements on the going concern basis unless it is appropriate to presume
that the Charity will continue in business.
The Trustees are responsible for keeping adequate accounting Tecords that are sufficient to show and
explain the Charily's transactions and disclose with reasonable accuracy at any time the financial
position of the Charity and enable them to ensure that the financial statements comply with the
Companies Act 2006. Th¢y are also responsible for safeguarding the assets of the ChaTity and hence
for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Approved by order of the Trustees on 13 September 2024 and signed on their behalf by..
A B Moore
Trustee and Chairnian

MIDHURST CLT LIMITED
(A COMPANY LIMITED B Y GUARANTEE)
INDEPENDENT EXAMINER'S REPORT TO TItE TRUSTEES OF MIDHURST CLT LllklITED
I report to th¢ Trustees on the accounts of the Charity for the year ¢nded 31 July 2024 which are set out on
pages 7 to 14.
Respeclive responsibililies oJiruslees and &¥aminer
The Truslees (who are also the directors of the Company for the purposes of ￿mPanY law) are responsible for
the preparation of the accounts. The Charity's trustees consider that an audit is not required for this year under
section 144 of the Charities Act 2011 (th¢ 201 l Act) and neither is an independent examination required under
section 145 of ihe 2011 Act. However. the Charity's trustees hav¢ el¢¢ted for the accounts to b¢ examined by
an independent ¢xaminer.
l am qualified to undertake the examination by being a member of the Institute of Chartered Accountants in
England and Wales and it is my responsibility to..
examin¢ th¢ accounts under section 145 of the 2011 Act.
to follow thc procedures laid down in the general Directions given by the Charity Commission under
s¢ction 145(5)(b) of the 2011 Act; and
to state whether partieular mattcrs have come to my attention.
BéESiS ofJndependent ExrtmiHer's Sialemenl
My examination was carried out in accordance with the general Directions given by the Charity Cornmission.
An examination includes a review of the accounting records kept by the Charity and a compari50n of th¢
accounts presented with those records. It also includes consideration of any unusual items or disclosures in the
accounts and se¢king explanations from you as trustee5 concerning any such matters. The procedures
undertaken do not provid¢ all the evidence that would be required in an audit and consequcntly no opinion is
given as to whether the ￿￿Ount5 present a 'trne and fair view. and the report is limited to those matters set out
in the statement below.
Independent Examiner's Sialemenl
In ¢onne¢tion with tny examination, no matters have come to my attention which gives me cause to believ¢
that in any material respect..
accounting records were not kept in accordance with section 386 of the Compani¢s Act 2006,. or
the accounts do not accord with such r¢cords' or
the a￿Ount$ do not comply with relevant accounting requirements under section 396 of the Cotnpanies
Act 2006 other than any requirem¢nts that the accounts give & "tru¢ and fair view" which is not
matter ¢onsidered as part of an independent examination; or
the accounts have not be¢n prepared in accordance with the Charities SORP (FRS 102).
I have come across no other matters in connection with the examination to which attention should be drawn in
this report in order lo enable a proper understanding of tl)e accounts to be r¢a¢hed.
This report is mad¢ solely to the Charity's trustees, as a body, in accordanc¢ with Part 4 of the Charities
(Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the Charity's
trustses those matters l am required to state to them in an Independent Examiner's report and for no other
purpose. To the fullest extent pernjitted by law, I do not a¢cept or assume responsibility to anyone other than
the Charity and the Charity's trustees, as a body, for my work for this rewrt.
Signed..
Alain Mardle FCA
Chartered Accountant
Greens Court, West Street
Midhurst, West Sussex. GU29 9NQ
Date..

MIDHURST CLT LIMITED
(A COMPANY LIMITED BY GUARANTEE)
STATEMENT OF FINANCIAL ACTIVIES (iMcorporating Income & Expenditure Aecount)
FOR THE YEAR ENDED 31 JULY 2024
Unrestric
ted funds
Designated
funds
Re5tri¢ted
funds
Total
2024
Total
2023
Notes
Income from:
Charitable activities & inveslment
income
806
Expenditure on:
Charitable activities & support
costs
Net incoming (outgoing)
r¢sources for the year before
transfers
{1,996)
15.274
13,278
12,910
Transfers between fund5
io
Net incoming (outgoing)
resources for the year
(201)
666
12.813
13.278
12,910
Fund balances brought forward
Fund balan¢¢s carried fonvard
10
This Ststement of Financial Activities includes all gains and losses r¢¢ognised in the year.
All incoming resources and resources expended were derived from continuing operations.
The notes on pages 9 to 14 form part of th¢s¢ financial statements.

MIDHURST CLT LIMITED
(A COMPANY LIMITED BY GUARANTEE)
BALANCE SHEET AT 31 JULY 2024
2024
2023
Nol¢
FIXED ASSETS
Tangible assets
350,000
350,000
CURRENT ASSETS
Debtors
Cash at bank
135.356
1,366
172 017
Creditors: amounts
falling due within one year
NET CURRENT ASSETS
TOTAL ASSETS LESS
CUIiRENT LIABILITIES
511.946
372,719
Creditors: amounts falling due
after more than one year
472 645
NET ASSETS
RESERVES
Unrestricted fimds
Designated funds
Restricted fimds
2.394
2.666
2,595
2,000
TOTAL FUNDS
io
The Company was entitled to exernption from audit under section 477 of the Companies Act 2006.
The members have not required the Company to obtain an audit in accordance with section 476 of the
Companies Act 2006.
The Trustees acknowledge their responsibilities for complying with the requirements of the Companies
Act 2006 with Tespect to accounling records and preparalion of financial statements.
These financial statements have been prepared in accordance with the provisions applicable to entities
subject to the small companies, regime.
The financial statements were approved and authorised for issue by the Tn￿teeS on 13 September
2024 and signed on its behalf by..
P A Mellings
The notes on pages 9 to 14 forni part of these financial statements.

MIDHURST CLT LIMITED
(A COI¥IPANY LIMITED BY GUARAf+lTEE)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024
GENERAL INFORMATION
The Company is a private company limited by guarantee registered in England and
Wales and. additionally. a registered charity in England and Wales. The addTess of
the registered office is shown on Page l.
ACCOUNTING POLICIES
Basis of preparation of the financial statements
The financial statements have been prepared in accordance with the Charities SORP
(FRS 102) - Accounting and Reporting by Charities: Statement of Recornmended
Practice applicable to charities preparing their accounts in accordance with the
Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)
(effective l January 2019) and the Companies Act 2006.
MidhuTSt CLT Limited 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 stated in the relevant accounting policy.
22
Going concern
At the time of approving the financial statements, the Trustees have a reasonable
expectation that the company has adequate resources to continue in operational
existence for the foreseeable future. Thus the Trustees continue to adopt the going
concern basis of a¢¢ounting in preparing the financial statements.
Charitable funds
Unrestricted funds are available for use at the discretion of the Trustees in furtherance
of their charitable objectives.
Some of the unrestricted funds held by the Charity aTe treated as designated funds.
Restricted funds are subject to specific conditions by donors as to how they may be
used. The Purposes and uses of the restricted funds are set out in the notes to the
financial statements.
Income
All income is recognised once the Charity h&$ entitlement to the income or it is
probable that the income will be received and the amount of the income receivable is
able to be measured reliably.

MIDHURST CLT LIMITED
(A COIKPANY LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENfs FOR THE YEAR ENDED 31 JULY 2024
(CONTINUED)
Government grants
The company has adopted the accrual model for government grants. Grants relating to
ass¢ts are recognised as income on a systematic basis over the expected useful life of
the asset. The deferred part of grants relating to assets is recognised as deferred income
and not deducted from the carrying amount of the asset.
Expenditure
Expenditure is recognised once there is a legal OT cOnSt￿ctive obligation to transfer
economic benefit to a third party, or it is probable that a transfer of economic benefits
will be required in settlement, and the amount of the obligation is able to be measured
reliably.
All expenditure is inclusive of irrecoverable VAT.
Tangible fixed 2SS¢ts
Depreciation is provided at the following annual rates in order to MTite off each asset
over its estimated use￿1 life.
Land and buildings - 20/0 on cost
Cash at bank
Cash at bank is held on a current account which pays no interest.
Liabilities
Liabilities are recognised when there is an obligation at the Balance Sheet date as a
result of a past event and it is probable that a transfer of economic benefit. which it is
possible to estimate reliably, will be required in settlement.
Liabilities are recognised at the amount the Charity anticipates it will pay to settle the
debi.
2.10 Critical a¢¢ounting estimates and judgements
In the application of the company's accounting policies, the Tn￿tee$ are required to
make judgements, estÉmates and assumptions about the carrying amount of assets and
liabilities that are not readily apparent from other sources. The estimates and
associated assumptions are based on historical experience and other fa¢tOTS that are
considered to be relevant. Actual results may differ from these estimates.
The estimates and underlytng assumptions are reviewed on an ongoing basis.
Revisions to accounting estimates are recognised in the period in which the estimate
is revised where the revision affects only that period, or in the period of the revision
and ￿tUre periods where tb¢ revision affects both current and ￿tUre periods
io

MIDHURST CLT LIMITED
(A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENfs FOR THE YEAR ENDED 31 JULY 2024
{CONTINUED)
INCOME
Unrestricted Designated
fund5
funds
Restricted
fijnds
Total
2024
Total
2023
Charitsble activities:
Grants receivable
Deferred grants
Release deferred grants
brought forward
Rent receivable
Interest receivable
135.000
135,000
0 (135.000) (135,000)
4,800
3,200
22,442
3,200
22,442
806
3,200
21,011
197
806
806
26,448
29,208
EXPENDITURE
Unrestricted Designated
funds
funds
Restricted
fjjnds
Total
2024
Total
2023
Charitable activities:
Property expenses
Site research costs
Property purchase costs
Support costs
Finance costs
2,786
2,786
2,315
4,800
2.802
2,802
7,582
13,170
1,391
7,792
16,298
7.582
10,368
Total expenditure

MIDHURST CLT LIMITED
(A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024
(CONTINUED)
FIXED ASSETS
TotaI
Cost:
At l August 2023
Additions
Disposals
At 31 July 2024
350.000
Depreciation..
At l August 2023
Charge for the year
Disposals
At 31 July 2024
Net book value..
At 31 July 2024
At 31 July 2023
350 000
DEB TORS: AMOUNTS FALLING
DUE WITHIN OINE YEAR
2024
2023
Other debtors & deposits paid
135 356
CREDITORS: AMOUNfs FALLING
DUE WITHIN ONE YEAR
2024
2023
Bank loan
Other creditors
5,851
5,633
82
12

MIDHURST CLT LIMITED
(A col￿PArly LIMITED BY GUARAf4TEE)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024
(CONTINUED)
CREDITORS: AMOUNTS FALLING
DUE AFTER MORE THAN ONE YEAR
2024
2023
Bank loan
Other creditors
190,445
282 200
196,296
150400
472
The company has received government grants of £160,000 towards the acquisition of two
freehold properties. These have been treated as deferred income and are being amortised over
the estimated useful life of the properties of 50 years.
SECURED DEBTS
The following secured debts are included within creditors..
2024
2023
Bank loan
196 296
The bank loan is secured on the freehold properties of the company. The charges are registered
at Companies House under references 108872220001and 108872220002
io.
STATEMENT OF FUNDS
Atl
August
2023
Income Expenditure Transfers
At31
July
2024
General fijnd
2,595
806
(2,802)
1.795
2,394
Designated funds:
Wyndham Mews
2,000 25,642
(10,368) (14,608)
2,666
Restricted fL￿ds..
Potential new sites
21,428
12,813
34,241
Total funds
26 023 26,448
13

MIDHURST CLT LIMITED
(A COMPAIYY LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024
(CONTINUED)
ii.
ANALYSIS OF NET ASSETS BETWEEN OF FUNDS
Unrestricted Designated Restricted
Total
2024
Fixed assets
Cu￿ent assetslliabililies
Long tenn liabilities
350,000
350.000
(9,689)
169,241
161,946
(337,645) (135,000) (472,645)
2,394
Total funds
2.394
2,666
34.241
12.
STAFF NUMBERS
No staff were employed during the year (2023.. 0 stafi).
13.
TRUSTEES, REMUNERATIOIY AND EXPENSES
During the year ended 31 July 2024 no Trustee received any fonn of remuneration or other
benefits (2023: £Nil).
During the year no trustee expenses have been incurred (2023.. £Nil).
14.
POST-BALANCE SHEET EVENTS
There have been no post-balance sheet events.
14