MJDHURST CLT LIMrrED
(A COMPANY LIMITED BY GUARANTEE)
UNAUDITED
TRUSTEI ESY REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2025
COMPANY REGISTERED NUMBER: 10887222
CHARrry REGISTERED NUMBER: 1199829

MtDHURST CLT LIMITED
(A COMPANY LIMITED BY GUARANTEE)
INDEX TO THE REPORT AM) FII¥4ANCIAL STATEMENTS FOR THE YEAR EIYDED
31 JULY 2025
Page
Trustees, Report
Independent Examinevs Report
Stat¢ment 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 2025
The Trustees present their Annual Report together wtth the financial statements of Midhurst CL T
Limited for the year ended 31 July 2025. Th¢ Annual Report s¢rv¢s the Purpose of both a trnstees,
report and a directors, report under company law. The Trustees confirni that the Annual Report and
financial statements of the charitsble company comply with the current statutory requirements, the
requirements of the charitable company's governing document and the provisions of the Statement
of Recornmended Prdctice (SORP) applicable to charities preparing their accounts in accordance with
the Financial Reporfing Standard applicable in the UK and Republic of Ireland (FRS 102) (effective
l January 2019).
Since the Charity qualifies as small under section 382 of the Companies Act 2006, the Stralegic
Report required of mediurn 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
Registered oifiee address:
Greens CourL West Street. Midhurst. GU29 9NQ
Trustees and Directors:
P A Collins
D F Coote
G L Dixon (resigned 21 March 2025)
P R Gibbon
JNHart
G V McAra
P A Mellings
A B Moore
P J Watt (appointed 21 March 2025)
BAnker$:
HSBC
Independent Examiner:
A R Mardle FCA

MIDHURST CLT LIMrrED
(A COMPANY LIMITED BY GUARANTEE)
TRUSTEES? REPORT FOR THE YEAR ENDED 31 JULY 2025 (CONTINUED)
STRUCTURE, GOVERNANCE AND MANAGEMENT
Cons¢ilution
Midhurst CLT Limited w&8 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 governed by its Articles of Association which were adopted on 25 January 2025. In
the event of the Company being wound up each member may be required to contribute an amount not
exceeding £1 for the payment of any debts and liabilities of the Company contracted before he or she
ceased to be a member.
Methods of appoin1n￿nI or eleclion of Trustees
The directors of the Company are also charity trustees for the PUTpose of charity law.
The management of the Charity is the responsibÉlity of the Truste¢s who are elected or co-opted
under the tenns of its Articles of Association.
The Company's Articles of Association state that the board shall not be less than tI￿ee in number.
The usual tenn of office for a Director shall be three years, at the end of which they shall Tetire.
Subject to article 15.1 I, a Director shall be eligible for reappointment by the Directors for up to a
further two tern￿, each of three years.
No Director shall serve for more than nine consecutive y¢ars. unless the Directors consider it would
be in the best interests of the Charity for a particular Dtrector 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 tÉme freely and no iemunerdtion 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.
Organisalionalslruclure
The Tn￿teeS convene as and when the need arises.
Policies adopledfor the induction and Iraining of the Trxylees
The existing Trustees are already familiar with the work of the Company. An agreed process of
induction and briefmg is provided for new thstees to whom d¢tails of the operational framework of
the Company and the latest published report and financial statements are also provided. TTUStees are
advised of their obligations.

MIDHURST CLT LIMITED
(A COMPANY LIMITED BY GUARANTEE)
TRUSTEES? REPORT FOR THE YEAR EIYDED 31 JULY 2025 (CONfiNUED)
RiFk MI￿￿gen￿￿t
The Trustees have identified and conducted a review of the majoT risks to which the Company is
exposed and has established systems and procedures to mitigate and manage those Tisks. 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 objectiv
The Trustees are mindful of the Charity Commission's 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 Chaiity Commission Telating to public benefit, including the guidance
"Public benefit: running a charity (PB2)"
ACHIEVEMENTS AND PERFORMANCE
Main achievements of Ihe Chdrity
Midhurst Community Land Trust (MCLT) is a not-for-profit organisation who's overdrching aim is
to make available a long-terni stock of genuinely affordable housing to rent in the Midhurst area for
local people and key workers who are important to the fabric of the town. It seeks io eitheT own land
or at least have very long leases and control such things as the rent and design of hous¢s OT flats.
A community land trust is a social enterprise set up to benefit a specific community by owning
xmportani local assets.
Midhurst CLT was set up in 2017 and in July 2022 was granted cl]aritable status. MCLT forms part
of a nattonal network of cornmunity land trusts.
MCLT currently owns two semi-detached 2-bedroorn houses in Midhurst and a block of 8 apartments
(six I bedroom and two 2 bethoom) in Easeknurne all bought with generous grants from Chichester
District Council, South Downs National Park Authority, some local charities and the balance being
borrowed. The rent from these 10 units Covers the bo￿oWIng costs and communal servicing of the
properties.
A strong allocation policy is in pla¢¢ which has been used for the fair allocation of tenancies to local
people and will continue to be the backbone of fijture allocalion of leases.
Unfortunately, in April 2025 we suffered a burst pipe which resulted in flooding two ofthe apathents
at Farriers Court in Easebourne. The remedial work is still ongoing and should be complefrd by the
end of 2025. An insuTance claim has been made and we expect the costs to be fully met by insurers.
MCLT continues to seek out local opportunities and at present has a nurnber of future options In the
pipeline.
More detailed inforniation is available from MCLT'S website whose address is
hll s.'Ilwivw.iiiidliiir%'lcli.()I'<F/

MIDHURST CLT LIMITED
(A COMPANY LIMITED BY GUARANTEE)
TRUSTEES, REPORT FOR THE YEAR ENDED 31 JULY 2025 (CONTINUED)
FINANCIAL REVIEW
Going concern
After making appropriate enquiries, the Trustees have a reasonable expectation that the Cl]arity has
adequate r¢sources to continue in operational existence for the foreseeable future. For this reason.
they continue to adopt the going concern b&8is in preparing the financial statements. Further details
regarding the adoption of the going concern basis may be found in the accounting polici¢s which
fonn part of the notes to the financial statements.
Resultsfor Iheyear
The Company operated su￿esS￿lY during the year and maintained a sound fllW]cial position at the
year end.
Total income amounted to £74,504 (2024: £26,448) and toial expenditure amounted to £48,083
(2024: £13,170). This resulted in net income of £26.421 (2024: £13,278).
The Balance Sheet at 31 July 2025 showed Total Funds of £65,722 (2024.. £39,301).
Reserves Policy
The Trustees conttnue to review the Company's Reserves Policy in order to ensure that th¢ level of
Free Reserves held on an ongoing basis will be adequate to fulfil the Company's obligations and to
maintain its financial stsbility.
Environmental, Social and Corporate Govern4nee (ESG), Stewardfhip and Climale Change
ESG has come sharply into focus having been driven further and faster by the climale change crisis
and recently by the Coronavin￿ pandemic. The Board believes that ESG factors are likely to have a
material impact on inve5trnent risk and return outcomes and that good stewardship can create and
Preserve value for companies and invesknent maTkets as a whole. The Board also recogni5es that
long-terni sustainability issues. particularly the climate change crisis. present risks and opportunities.

MIDHURST CLT LIMITED
(A COMPANY LIMITED BY GUARANTEE)
TRUSTEES, REPORT FOR THE YEAR ENDED 31 JULY 2025 (CONTINUED)
FINANCIAL REVIEW (CONTINUED)
STATEMENT OF TRUSTEES, RESPONSIBILITIES
The Trustees, who are also the directors of the Chatity for the puryoses of company law. are
responsible for preparing the Trusl¢¢s' Report and the financial statements in accordance with
applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted
Accowiting Practice).
Company law requires the Trustees to prepare financial statements for each fmancial year. Under
company law, the Trustees must not approv¢ 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 resour¢es and
application of resources, including its income and expenditure, for that period. In preparing these
financial statements. the Trustees are required to:
(a} select suitable accounting policies and then apply them consistently.
(b) observe the methods and PTinciples of the Charities SORP (FRS 102).
(c) make judgments and accounting estimates that are reasonable and prudent:
(d) slate whether applicable UK Accounting Standards (FRS 102) have been followed. subject to
any material 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 res￿)nsIble for keeping adequate accounting records that are sufficient to show and
explain the Charity's transactions and disclose with Teasonable accurdcy at any time the financial
position of the Charity and enable them to 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 irregulaTities.
Approved by order of the Trustees on 12 September 2025 and signed on their behalf by:
A B MooTe
Trustee and Chairnian

MIDHUILST CLT LIMITED
(A COMPANY LIMITED BY GUARANTEE)
INDEPENDENT EXAMJYIER'S REPORT TO THE TRUSTEES OF MtDIIURST CLT Li￿1[[ED
I report to the Trustees on the accounts of the Charity for the year ended 31 July 2025 which are set out on
pages 7 to 14.
Respective responsibililies of trustees andaKapmner
The Trustees (who are also the directors of the Company for the purpos¢s of company law) are responsible for
the preparation of the accounts. The Charity's trustees consider that an audit 15 not required for this year under
section 144 of the Charities Aci 2011 (the 2011 Act) and neither is an independent ¢xamination required under
section 145 of the 2011 Act. However, the Charity's trustees have elected for the accounts to be examined by
an independent examiner.
l am qualified to undertak¢ the examination by being a member of the Institut¢ of Chartered Accountants in
England and WaIes and it is My responsibility to:
examine the a¢counts under section 145 of the 2011 Act,.
to follow the procedures laid down in the general Directions given by the Charity Commission under
section 145(5)(b) of the 2011 Act. and
to slate whether particul8r matt¢rs have come to my attention.
Basiw oflndependeniEraminer's S¢￿eMen¢
My examination was Ca￿led out in accordance with the general Directtons given by the Charity Commission.
An examination includes a review of the accounting records kept by the Charity and a comparison of lh¢
accounts presented with those records. It also includes consideration of any unusual itcms or disclosures in the
accounts and seeking explanation5 from you as truste¢5 concerning any such matters. The procedures
undertaken do not provide all the evidence that would be required in an audit and Consequently no opinion is
given as to whetherthe a¢counts present a'true and fair view. and the report is limited to those matters set out
in the statement below.
Independeni Exan￿ner'S stalen￿nI
In connection with my examination. no matters have come to my attention which gives me cause to ￿lIeVe
that in any material respect=
accounting records were not kept in accordance with section 386 of th¢ Companies Act 2006" or
the accounts do not accord with such records; or
the accounts do not comply with relevant accounting requirements under section 396 ofthe Companies
Act 2006 other than any requirements that the accounts give a "true and fair viw" which is not a
matter considered as part of an independent examination. or
the accounts have not been pffpared in accordance wtth the Chariti¢s SORP (FRS 102).
I have come across no other matters in ¢onnection with the examination to which attention should be drawn in
this report in order to ¢nable a proper understanding of the accounts to be reached.
This rerM)rt is made solely to the Charity's trustees, as a body, in a¢¢ordanee 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
tru5tces those matters I am required to stst¢ to them in an Independent Examiner's report and for no other
purpose. To the fullest extent perniitted by law. I do not accept or assume r¢sponsibility to anyone other than
the Charity and the Charity's trustees. as a body, for my work for this report.
Signed:
Alain Mardle FCA
Chartered A¢countant
Greens COUJL West Street
MidhursL West Susse4 GU29 9NQ
Dats:

MIDHURST CLT LIMITED
(A COMPANY LIMITED BY GUARANTEE)
STATEMENT OF FINANCIAL ACTIVIES {ineorporaling In¢ome & Expenditure Account)
FOR THE YEAR EIYDED 31 JULY 2025
UTrrt5tric
led fuDds
DesigThated
(llthds
Restricted
funds
Tot31
2025
Total
2024
Notes
IDcome from:
Charitable activities & investn]ent
income
623
Expenditure on:
Charitable activities & support
costs
Net incoming (outgoing)
resources for the year b¢for¢
transfers
(9,922)
21,543
14,800
26.421
13.278
Transfers between funds
io
Net incoming (outgoing)
resources for the year
1,548
59.114
(34,241)
26,421
13,278
Fund balances brought forward
Fund balances Carried forward
io
This Statement of Finan¢ial Activities includes all gains and losses recognised in the year.
All incoming re50urc¢s and resources ¢xp¢nded w¢re derived from continuing operations.
The notes on pages 9 to 14 ftimi part of these financial statetnents.

MIDHURST CLT LIMrrED
(A COMPANY LIMITED BY GUARAf4TEE)
BALANCE SHEET AT 31 JULY 2025
2025
2024
Iyote
FIXED ASSETS
Tangible assets
1,586,566
350,000
CURRENT ASSETS
Debtors
Cash at bank
13,390
135,356
172 017
Creditors: amounts
falling due within one year
NET CURRENT ASSETS
161946
TOTAL ASSETS LESS
CURRENT LIABILITIES
1,603.760
511.946
Creditors: amounts falling due
after more than one year
1538 038
472 645
NET ASSETS
RESERVES
UnT¢stricted funds
Designated funds
Restricted fimds
3,942
61,780
2,394
2,666
TOTAL FUNDS
io
722
The Company was entitled to exemption from audit under section 477 of the Companies Act 2006.
The members have not Tequired the Company to obtain an audit in accordance with section 476 of the
Companies Act 2006.
The Trustees acknowledge their reS￿nsIbIlitIeS for cornplying with the Tequirements of the Companies
Act 2006 with respect to accounting records and preparation of fmancial statements.
These financial statements have been prepared in a¢¢ordance with the provisions applicable to entities
subject to the small companies, regime.
The financial statements were approved and authorised for issue by the Trustees on 12 September
2025
d signed on its behalf by:
Neil Hart
Tn￿tee and Deputy Chairman
The notes on pages 9 to 14 forni part olthese financial ststements.

MIDHURST CLT LIMITED
(A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENfs FOR THE YEAR ENDED 31 JULY 2025
GEIYERAL 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 address 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 Recommended
Practice applicable to charities preparing their accounts in accordance with the
Financial Reporting Standard applicabl¢ in the UK and Republic of Ireland (FRS 102)
(effective l January 2019) and the Companies Act 2006.
Midhurst 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.
Going Concern
At the time of approving the financial statements, the Trustees have a reasonable
expectation that the company has adequate Tesources to continue in operational
existence for the foreseeable future. Thus the Trustees continue to adopt the going
concern basis of accounting in prep￿ing the fmancial statements.
Charitabl¢ 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 are 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 has entitlement to the income or it is
probabl¢ that the incoffle will be received, and the amount of the income receivable is
able to be measured reliably.

MIDHURST CLT LIMITED
(A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025
(CONTINUED)
Government grants
The company ha5 adopted the ac¢n￿l model for government grants. Grants relating to
assets are recognised as income on a systematic basis over the ¢xp¢cted use￿] life of
the asset. The deferred part of grants relating to assets is recognised &$ d¢fetred income
and not deducted from the carying amount of the asset.
Expenditure
Expenditure is ttcognised once there is a legal or constructive obEigation to transfer
economic benefit to a ihird 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 iTrecovetable VAT.
Tangible fixed assets
Depreciation is provided at the following annual Tates in order to WTite off each asset
over its estimated useful life.
Land and buildings- 00/0
Fixtures and fittings- 25 % on cost
No depreciation is provided on freehold land and buildings. The directOTS consider that
the buildings are maintained to an extent such that any depreciation charge would not
be material.
Cash at bank
Cash at bank is held on a current account which pays no interest.
Liabilities
Liabilities are reco8nised when there is an obligation at th¢ Balance Sheet date as a
result of a past event and it is probable that a transfer of economic benefiL which it is
POSSAble to estimate reliably, will be required in settlement.
Liabilities are recognised at the amount the Charity anticipates it will pay to settle the
debt.
io

MIDHURST CLT LIMITED
(A COMPANY LIMITED BY GUARAIYTEE)
NOTES TO THE FINANCIAL STATEMENfs FOR THE YEAR ENDED 31 JULY 2025
(CONTINUED)
2.10 Critical accounting estimate5 and judgements
n the application of the company's accounting policies, the Trustees are required to
make judgements, estimates 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 factors that are
considered to be relevant. Actual results may dAffer from these estijnates.
The estimates and underlying 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 fiJtrJre periods where tb¢ revision affects both current and future periods.
JNCOME
Unrestrieted Designated
funds
funds
Restricted
fijnds
Total
2025
Totsl
2024
Charitable activities:
Grants receivable
Deferred grants carried
forward
Release deferred grants
Rcnt receivable
Interest receivable
605,000
605,000
135,000
0 (590,200) (590,200) (135,000)
3,200
3,200
3.200
53,874
53,874
22.442
2,007
2,630
806
74,504
623
Total income
623
14.800
EXPENDJTURE
Unrestricted Designated
fund%
fi]nds
Restricted
funds
Total
2025
Total
2024
Charitable activities:
Property expenses
Depreciation
Support costs
Finance costs
9.836
3,468
1,217
23,017
37,538
9,836
3,468
11,762
23,017
48,083
2,786
10,545
2,802
7,582
13,170
Total expenditure
10.545

MIDHURST CLT LIMITED
(A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMEIYTS FOR THE YEAR ENDED 31 JULY 2025
(CONTINUED)
FIXED ASSETS
Land and Fixtmres
buildings
Total
fittings
Cost:
At l August 2024
Additions
Disposals
At 31 July 2025
350,000
1,226,167
350,000
13,867 1.240,034
13 867 1 590
Depreciation:
At l August 2024
Charge for the year
Disposals
At 31 July 2025
3,468
3.468
Net book value:
At 31 July 2025
10399 L
At 31 July 2024
DEBTORS.. AMOUNTS FALLING
DUE WITHIN ONE YEAR
2025
2024
Other debtors & deposits paid
390
CREDITORS: AMOUNTS FALLING
DUE WITHIIY ONE YEAR
2025
2024
Bank loans
Other creditors & deferred incom¢
13.816
5.851
12

MIDHURST CLT LIMITED
(A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025
(CONTINUED)
CREDITORS: AMOUNTS FALLING
DUE AFTER MORE THAN ONE YEAR
2025
2024
Bank loans
Other creditors & deferred income
683,638
854 400
190,445
282 200
1538 038
The Company has received government and other grants of £900.000 towards the acquisition of
ten freehold properties. These have been treated as defeLTed income and are being amortised
over the estimated useful life of the properties of 50 years.
SECURED DEBTS
The followAn8 secured debts are included within creditors."
2025
2024
Baok loans
The bank loans are secured on the freehold properties of the company. The charges are
registered at Companies House under refer¢nces 108872220001, 108872220002 and
108872220003.
io.
STATEMENT OF FUNDS
Atl
August
2024
Income Expenditure TTansfers
At31
July
2025
General fund
2,394
623
(10,545)
11,470
3,942
Designated funds:
Midhurst & Easeboume sites
2,666 59.081
(37.538)
37,571
61.780
Restricted fimds".
Potential new sites
34,241 14,800
0 (49,041)
Total fijnds
39 301 74 504
48,083
65,722
13

MIDHURST CLT LIMITED
(A COMPANY LEMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENfs FOR THE YEAR ENDED 31 JULY 2025
(CONTINUED)
ii.
AIYALYSIS OF NET ASSETS BETWEEN OF FUNDS
Unrestricted Designated Restricted Total 2025
Fixed assets
Current assetsAiabilities
Long terni liabilities
1,586,566
3,942
13,252
0 (1.538,038)
1.586,566
17.194
0 (1.538,038)
Total funds
3,942
61.780
65,722
The company has received restricted grants towards the acquisition of freehold properties in
Midhurst and Easebourne. By acquiring those properties the company has met the tern)s of
the grants and the restriction on those funds has been lifted.
12.
STAFF NUMBERS
No staff were employed during the yeaT (2024: 0 staffj.
13.
TRUSTEES, RE1￿uNERATIoN AND EXPENSES
During the year ended 31 July 2025 no TNstee received any forni of remwieration or other
benefits (2024- £Nil).
During the yeaT no trustee expenses have been incurred (2024: £Nil).
14.
POST-BALANCE SHEET EVENTS
There have been no amending post-balance sheet events.
14