REGISTERED COMPANY NUMBER: 01527982 (England and Wales) REGISTERED CHARITY NUMBER: 510908
REPORT OF THE TRUSTEES AND
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2023
FOR
MEETING POINT TRUST LIMITED
D E Ball & Co Limited Chartered Accountants 15 Bridge Road Wellington Telford Shropshire TF1 1EB
MEETING POINT TRUST LIMITED
CONTENTS OF THE FINANCIAL STATEMENTS for the Year Ended 31st December 2023
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | to | 3 |
| Independent Examiner's Report | 4 | ||
| Statement of Financial Activities | 5 | ||
| Balance Sheet | 6 | to | 7 |
| Notes to the Financial Statements | 8 | to | 15 |
| Detailed Statement of Financial Activities | 16 | to | 17 |
MEETING POINT TRUST LIMITED
REPORT OF THE TRUSTEES for the Year Ended 31st December 2023
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31st December 2023. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended 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 1 January 2019).
OBJECTIVES AND ACTIVITIES
Significant activities
The principal activity of the company in the year under review was that of promoting any charitable purpose or purposes for the benefit of the inhabitants of Telford and the surrounding districts of the County of Shropshire.
Public benefit
The main activity is undertaken to further our charitable objective for the public benefit.
ACHIEVEMENT AND PERFORMANCE
Charitable activities
2023 started very much on the back foot following the departure of the General & Commercial Manager. A new appointment was made in January but unfortunately the appointee left 6 weeks later.
From March - July the building was looked after by the remaining management team along with support from the Trust. This gave a valuable insight into both the business and the type of person ideally suited to take it forward. A new Chief Executive commenced July 2023.
Room hire has dropped slightly year on year and service charges were only increased marginally. The Hummingbird Café sales are up 21% which has been extremely encouraging and reflects the hard work and commitment from our Catering Manager and her team. Much more emphasis has been placed on telling people what we do and sharing good news on social media.
A significant effort has been made in evaluating and reducing costs across the board. Where possible new contracts have been negotiated and existing, onerous ones terminated. As both a charity and a business we face limitations in terms of how hard we can feasibly increase or generate new income. However, a much clearer direction is being mapped out which justifies an increase in our income which is offset by supporting and subsiding other areas such as the café and reduced rates for our Licensees.
A new initiative was introduced at the start of the year and funded by the Integrated Care System/NHS to embed a Voluntary, Community and Social Enterprise lead (VCSE) to work within this sector. Meeting Point Trust was to facilitate this and act as treasurer for the grant funding. After 8 months the role was wound up in August. Funds are shown as Sundry grants income in 2023.
Following the departure of the previous manager and period of instability Meeting Point House did not apply for any grants in this period. Initiatives such as wellbeing, community projects and half term activities did not take place. Whilst this was disappointing, we were still able to use our own income to support free meals during the school holidays for children when an adult paid for an accompanying meal.
Meeting Point House continues its partnership with Telford Mind and hosts 'Calm Café' twice weekly on Tuesday and Thursday evenings. These sessions support adults suffering from social isolation or other disparate mental health issues.
Significant progress has been made introducing Meeting Point House to the local business community. Having joined the Shropshire Chamber of Commerce our CEO now attends regular networking events and has attended, along with members of the management team our first business exhibition which put us in front of over 400 local businesses.
Page 1
MEETING POINT TRUST LIMITED
REPORT OF THE TRUSTEES for the Year Ended 31st December 2023
Improvements to both the service and the quality of our offer via a series of refurbishments started towards the end of the year and will continue throughout 2024. These improvements move us away from being perceived as a low cost, budget option for room hire and positively reinforce our worth as a business and not just a charity.
Our team has expanded and remained stable, additionally they are keen to take on more responsibility, learn and develop. The relationships that they have built with stakeholders, the general public and users of our facilities ensure that we continue to grow together.
Our Board of Directors decreased by 2 during the year and in September increased by one bringing us back to 7 Trustees.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
01527982 (England and Wales)
Registered Charity number
510908
Registered office
Meeting Point House Southwater Square Town Centre Telford Shropshire TF3 4HS
Trustees
Rev D F Lavender - Retired D G Wright Cllr K Sahota - Councillor (resigned 3.5.23) Ms R Evans Rev K Osmund-Smith - Minister of Religion D Rolfe - Retired Reverend A Walden - Vicar (resigned 5.9.23) T Currie R Mehta (appointed 26.9.23)
Independent Examiner
D E Ball & Co Limited Chartered Accountants 15 Bridge Road Wellington Telford Shropshire TF1 1EB
Page 2
MEETING POINT TRUST LIMITED
REPORT OF THE TRUSTEES for the Year Ended 31st December 2023
REFERENCE AND ADMINISTRATIVE DETAILS Bankers Barclays Bank plc 23 Church Street Wellington Telford Shropshire
Solicitors
Clarkes Solicitors LLP Hazledine House Telford Centre Telford Shropshire TF3 4JL
Approved by order of the board of trustees on 26th July 2024 and signed on its behalf by:
Rev K Osmund-Smith - Trustee
Page 3
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF MEETING POINT TRUST LIMITED
Independent examiner's report to the trustees of Meeting Point Trust Limited ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31st December 2023.
Responsibilities and basis of report
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.
Independent examiner's statement
Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
-
accounting records were not kept in respect of the Company 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 fair view which is not a matter 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 (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).
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 understanding of the accounts to be reached.
Russell M Ball
D E Ball & Co Limited Chartered Accountants 15 Bridge Road Wellington Telford Shropshire TF1 1EB
26th July 2024
Page 4
MEETING POINT TRUST LIMITED
STATEMENT OF FINANCIAL ACTIVITIES for the Year Ended 31st December 2023
| Notes INCOME AND ENDOWMENTS FROM Fund raising income 2 Other trading activities 3 Investment income 4 Other income Total EXPENDITURE ON Charitable activities 5 Promoting charitable purposes in the Telford area Net gains/(losses) on investments NET INCOME RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD |
Unrestricted funds £ - 388,637 1,198 39,958 429,793 374,802 1,502,937 1,557,928 1,399,099 2,957,027 |
Restricted fund £ - - - - - - - - - - |
31.12.23 Total funds £ - 388,637 1,198 39,958 429,793 374,802 1,502,937 1,557,928 1,399,099 2,957,027 |
31.12.22 Total funds £ 50 376,688 1,007 13,363 391,108 357,447 (5,361) 28,300 1,370,799 1,399,099 |
|---|---|---|---|---|
The notes form part of these financial statements
Page 5
MEETING POINT TRUST LIMITED
BALANCE SHEET 31st December 2023
| Notes FIXED ASSETS Tangible assets 10 Investments Investments 11 Investment property 12 CURRENT ASSETS Stocks 13 Debtors 14 Cash at bank and in hand CREDITORS Amounts falling due within one year 15 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES NET ASSETS FUNDS 16 Unrestricted funds TOTAL FUNDS |
Unrestricted funds £ 24,497 - 2,750,000 2,774,497 1,000 68,876 187,561 257,437 (74,907) 182,530 2,957,027 2,957,027 |
Restricted fund £ - - - - - - - - - - - - |
31.12.23 Total funds £ 24,497 - 2,750,000 2,774,497 1,000 68,876 187,561 257,437 (74,907) 182,530 2,957,027 2,957,027 2,957,027 2,957,027 |
31.12.22 Total funds £ 29,174 69,003 1,247,063 1,345,240 1,000 119,009 23,233 143,242 (89,383) 53,859 1,399,099 1,399,099 1,399,099 1,399,099 |
|---|---|---|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2023.
The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2023 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
-
(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
-
(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
The notes form part of these financial statements
Page 6
continued...
MEETING POINT TRUST LIMITED
BALANCE SHEET - continued 31st December 2023
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on 26th July 2024 and were signed on its behalf by:
K Osmund-Smith - Trustee
The notes form part of these financial statements
Page 7
MEETING POINT TRUST LIMITED
NOTES TO THE FINANCIAL STATEMENTS for the Year Ended 31st December 2023
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, 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 applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value, as modified by the revaluation of certain assets.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, 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 accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Investment property
In the Trustees opinion, the Investment Properties carrying value does not differ materially from its fair value at the balance sheet date. No independent valuation has been obtained at the balance sheet date to confirm this.
The Trustees recognise the requirement to obtain an independent valuation with sufficient regularity to confirm the Investment Properties carrying amount in the balance sheet does not differ materially from its fair value.
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
Taxation
The charity is exempt from corporation tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Pension costs and other post-retirement benefits
The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
continued...
Page 8
MEETING POINT TRUST LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31st December 2023
| 2. FUND RAISING INCOME 31.12.23 £ Donations - 3. OTHER TRADING ACTIVITIES 31.12.23 £ Service charges and room hire 269,766 Catering sales 15,152 Hummingbird cafe 103,719 388,637 4. INVESTMENT INCOME 31.12.23 £ Investment income 1,198 5. CHARITABLE ACTIVITIES COSTS Promoting charitable purposes in the Telford area 6. NET INCOME/(EXPENDITURE) Net income/(expenditure) is stated after charging/(crediting): 31.12.23 £ Depreciation - owned assets 7,648 7. TRUSTEES' REMUNERATION AND BENEFITS |
31.12.22 £ 50 31.12.22 £ 277,187 14,113 85,388 |
31.12.22 £ 50 31.12.22 £ 277,187 14,113 85,388 |
|---|---|---|
| 376,688 | ||
| 31.12.22 £ 1,007 Direct Costs £ 374,802 |
||
| 31.12.22 £ 6,852 |
||
There were no trustees' remuneration or other benefits for the year ended 31st December 2023 nor for the year ended 31st December 2022.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31st December 2023 nor for the year ended 31st December 2022.
continued...
Page 9
MEETING POINT TRUST LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31st December 2023
8. STAFF COSTS
9.
| Wages and salaries Other pension costs The average monthly number of employees during the year was as follows: Charitable activities No employees received emoluments in excess of £60,000. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted funds £ INCOME AND ENDOWMENTS FROM Fund raising income 50 Other trading activities 376,688 Investment income 1,007 Other income 13,363 Total 391,108 EXPENDITURE ON Charitable activities Promoting charitable purposes in the Telford area 357,447 Net gains/(losses) on investments (5,361) NET INCOME 28,300 RECONCILIATION OF FUNDS Total funds brought forward 1,370,799 TOTAL FUNDS CARRIED FORWARD 1,399,099 |
31.12.23 £ 111,152 4,013 115,165 31.12.23 11 Restricted fund £ - - - - - - - - - - |
31.12.22 £ 106,469 6,126 112,595 31.12.22 11 Total funds £ 50 376,688 1,007 13,363 391,108 357,447 (5,361) 28,300 1,370,799 1,399,099 |
|---|---|---|
continued...
Page 10
MEETING POINT TRUST LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31st December 2023
| 10. TANGIBLE FIXED ASSETS COST At 1st January 2023 Additions At 31st December 2023 DEPRECIATION At 1st January 2023 Charge for year At 31st December 2023 NET BOOK VALUE At 31st December 2023 At 31st December 2022 11. FIXED ASSET INVESTMENTS There were no investment assets outside the UK. 12. INVESTMENT PROPERTY FAIR VALUE At 1st January 2023 Revaluation At 31st December 2023 AMORTISATION At 1st January 2023 and 31st December 2023 NET BOOK VALUE At 31st December 2023 At 31st December 2022 Included in the total is £300,000 relating to a leasehold property acquired in 2020 on a 999 year lease. Fair value at 31st December 2023 is represented by: Valuation in 2023 Cost |
Fixtures and fittings £ 247,352 2,971 250,323 218,178 7,648 225,826 24,497 29,174 £ 1,247,474 1,502,937 |
Fixtures and fittings £ 247,352 2,971 |
|---|---|---|
| 250,323 | ||
| 218,178 7,648 |
||
| 225,826 | ||
| 24,497 | ||
| 29,174 | ||
| 2,750,411 | ||
| 411 | ||
| 2,750,000 | ||
| 1,247,063 | ||
| £ 1,502,937 1,247,474 |
||
| 2,750,411 |
continued...
Page 11
MEETING POINT TRUST LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31st December 2023
13. STOCKS
| Stocks 14. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Trade debtors Prepayments 15. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Trade creditors Social security and other taxes Accrued expenses Deferred income Other provisions 16. MOVEMENT IN FUNDS At 1.1.23 £ Unrestricted funds General Fund - free funds 1,274,105 General Fund - repair provision funds 75,000 General Fund - property fund - Revaluation Fund - property funds - Revaluation Fund - investments funds 49,994 1,399,099 TOTAL FUNDS 1,399,099 |
Net movement in funds £ 54,991 - - 1,502,937 - 1,557,928 1,557,928 |
31.12.23 £ 1,000 31.12.23 £ 59,345 9,531 68,876 31.12.23 £ 45,069 18,564 11,274 - - 74,907 Transfers between funds £ (1,197,069 ) - 1,247,063 - (49,994) - - |
31.12.22 £ 1,000 31.12.22 £ 108,981 10,028 119,009 31.12.22 £ 6,334 10,883 6,082 60,000 6,084 89,383 At 31.12.23 £ 132,027 75,000 1,247,063 1,502,937 - |
|---|---|---|---|
| 2,957,027 | |||
| 2,957,027 |
continued...
Page 12
MEETING POINT TRUST LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31st December 2023
16. MOVEMENT IN FUNDS - continued
Net movement in funds, included in the above are as follows:
| Unrestricted funds General Fund - free funds Revaluation Fund - property funds TOTAL FUNDS |
Incoming resources £ 429,793 - 429,793 429,793 |
Resources expended £ (374,802) - (374,802) (374,802) |
Gains and losses £ - 1,502,937 1,502,937 1,502,937 |
Movement in funds £ 54,991 1,502,937 |
|---|---|---|---|---|
| 1,557,928 | ||||
| 1,557,928 |
Comparatives for movement in funds
| Unrestricted funds General Fund - free funds General Fund - repair provision funds Revaluation Fund - investments funds TOTAL FUNDS |
At 1.1.22 £ 1,240,444 75,000 55,355 1,370,799 1,370,799 |
Net movement in funds £ 33,661 - (5,361) 28,300 28,300 |
At 31.12.22 £ 1,274,105 75,000 49,994 |
|---|---|---|---|
| 1,399,099 | |||
| 1,399,099 |
Comparative net movement in funds, included in the above are as follows:
| Unrestricted funds General Fund - free funds Revaluation Fund - investments funds TOTAL FUNDS |
Incoming resources £ 391,108 - 391,108 391,108 |
Resources expended £ (357,447) - (357,447) (357,447) |
Gains and Movement losses in funds £ £ - 33,661 (5,361) (5,361) (5,361) 28,300 (5,361) 28,300 |
Gains and Movement losses in funds £ £ - 33,661 (5,361) (5,361) (5,361) 28,300 (5,361) 28,300 |
|---|---|---|---|---|
| 28,300 | ||||
| 28,300 |
continued...
Page 13
MEETING POINT TRUST LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31st December 2023
16. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined position is as follows:
| Unrestricted funds General Fund - free funds General Fund - repair provision funds General Fund - property fund Revaluation Fund - property funds Revaluation Fund - investments funds TOTAL FUNDS |
At 1.1.22 £ 1,240,444 75,000 - - 55,355 1,370,799 1,370,799 |
Net movement in funds £ 88,652 - - 1,502,937 (5,361) 1,586,228 1,586,228 |
Transfers between funds £ (1,197,069 ) - 1,247,063 - (49,994) - - |
At 31.12.23 £ 132,027 75,000 1,247,063 1,502,937 - |
|---|---|---|---|---|
| 2,957,027 | ||||
| 2,957,027 |
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Unrestricted funds General Fund - free funds Revaluation Fund - property funds Revaluation Fund - investments funds TOTAL FUNDS |
Incoming resources £ 820,901 - - 820,901 820,901 |
Resources expended £ (732,249) - - (732,249) (732,249) |
Gains and losses £ - 1,502,937 (5,361) 1,497,576 1,497,576 |
Movement in funds £ 88,652 1,502,937 (5,361) 1,586,228 1,586,228 |
|---|---|---|---|---|
Purpose of funds
General Fund - Free Funds
The surplus on this fund over and above those funds invested in Property represents 'free reserves'. The trustees try to maintain a sum of £70,000 to enable the charity to continue for upto six months in the event of a significant drop in income. Any additional 'free reserves' above this amount will be used to fund further property developments in line with the charity's objectives.
General Fund - Repair Provision Fund
This represents funds the trustees have allocated to meet future major repair cost.
Revaluation Fund - investments
This represents the un-realised gain on the investments held with CAF.
Revaluation Fund - property
This represents the un-realised gain on the revaluation of the property.
continued...
Page 14
MEETING POINT TRUST LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31st December 2023
17. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31st December 2023.
Page 15
MEETING POINT TRUST LIMITED
DETAILED STATEMENT OF FINANCIAL ACTIVITIES for the Year Ended 31st December 2023
| 31.12.23 | 31.12.22 | |
|---|---|---|
| £ | £ | |
| INCOME AND ENDOWMENTS | ||
| Fund raising income | ||
| Donations | - | 50 |
| Other trading activities | ||
| Service charges and room hire | 269,766 | 277,187 |
| Catering sales | 15,152 | 14,113 |
| Hummingbird cafe | 103,719 | 85,388 |
| 388,637 | 376,688 | |
| Investment income | ||
| Investment income | 1,198 | 1,007 |
| Other income | ||
| Other Covid grants | - | 3,200 |
| Landau community grant | - | 1,097 |
| Sundry grants | 39,958 | 9,066 |
| 39,958 | 13,363 | |
| Total incoming resources | 429,793 | 391,108 |
| EXPENDITURE | ||
| Charitable activities | ||
| Wages | 111,152 | 106,469 |
| Pensions | 4,013 | 6,126 |
| Rates and trade refuse | 3,094 | 2,765 |
| Insurance | 13,206 | 8,290 |
| Light and heat | 25,112 | 22,484 |
| Telephone | 2,833 | 3,352 |
| Printing, postage and stationery | 1,158 | 1,193 |
| Repairs and renewals | 49,199 | 51,852 |
| Sundries | 5,438 | 2,965 |
| Advertising | 1,750 | 2,776 |
| Cleaning costs | 12,919 | 16,230 |
| Training | 10 | 626 |
| Security costs | 7,659 | 3,876 |
| Catering expenses | 1,100 | 1,660 |
| Accountancy | 2,150 | 1,407 |
| Legal and professional fees | 1,866 | 1,871 |
| Coffee shop purchases and wages | 120,539 | 107,122 |
| Activity costs | 2,895 | 8,155 |
| Carried forward | 366,093 | 349,219 |
This page does not form part of the statutory financial statements
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MEETING POINT TRUST LIMITED
DETAILED STATEMENT OF FINANCIAL ACTIVITIES for the Year Ended 31st December 2023
| 31.12.23 | 31.12.22 | |
|---|---|---|
| £ | £ | |
| Charitable activities | ||
| Brought forward | 366,093 | 349,219 |
| Depreciation of fixtures and fittings | 7,648 | 6,852 |
| Bank charges | 1,061 | 1,315 |
| Bank loan interest | - | 61 |
| 374,802 | 357,447 | |
| Total resources expended | 374,802 | 357,447 |
| Net income | 54,991 | 33,661 |
This page does not form part of the statutory financial statements
Page 17