CHARITY COMMISSION FOR ENGLAND AND WALES Independent examinerfs report on the accounts Section A Independent Examiner's Report Report to the trusteesl members of Middlezoy Communty Project On accounts for the year ended 31-03-2024 Charity no lif any) 80151 S Set out on pages I report to the trustees on my examination of the accounts of the above charity (Ihe Trust.) for the year ended 3•. Si l 031 L021tr Responsibilities and basls of report As the charity's trustees, you are responsible for the pparatIOn of the accounts in accordance wrth the requirements of the Charities Act 2011 {he Act.). l port in SpeCt of my examination of the Trust's accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145(5){b) of the Act. Independent I have completed my examination. I confinn that no material matters have examiner's statement come to my attention in connection wrth the examination (other than that disclosed below ") which gives me cause to b81ieve that in, any material respect.. the accounting records were not kept in accordance with section 130 of the Charities Acl; or the accounts did not accord with the accounting records,. or the accounts did not comply wrth the applicable requirements conceming the fomi and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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. I have no concems and have come across no other matters in connection with the examination to which attention should be drawn in this port in order to enable a proper understanding of the accounts to be reached. . Please delet8 the words in the brackets rf they do not apply. Signed: Date: 1010612024 Mrs Lisa Edney Relevant professional qualification(s) or body (if any): MAAT Address: 20 Ivory Road, Bridgwater, Somerset. TA6 6XG IER Oct 2018
Section B Disclosure Only ccunpjete if the examiner needs to highlight material matters of conwn (see CC32, Independent examination of charty accounts: directions and guidance for examiners). Glve here brief details of any items that the examiner wlshes to disclose. IER Oct 2018
Middlezoy Community Project Charity No (If an enod Annual accounts for the To CC17a Penod start date 0110412023 Period end dale 3110312024 Section A Statement of financial activities Restrictsd income fund8 Recommended gorles by actlvlty Detsils of own analysls Unrestricted funds Endowment Totsl th1$ funds year Total la8t year Incomlng rOurCeS (Note 3 Incornlng rè#ourc68 trom g0nerat fund$ Voluntary inr*m¥ F01 F02 F03 F04 F05 1,109 58,313 1,109 58,313 1,559 53,622 A¢tsvlli•s for g8n8r8b'ThJ fund8 Investment Incrne S03 Incomlng resourc08 from charitablo aetlvltl8s Other Incomlng mour¢o• sos Total incomlng resourc sc¢ Rosources expended (Note8 44 59,422 Costs of Gonwatlw Fund8 Costs ofgonora4 vduniwy Incom8 S07 44,152 Fundrnlsjng tradiThJ cost8 Investment manag8m•nt costs Charltable actlvltles S10 Govemance costs Other fBsources oxpondod S12 rotsl rnsources expended s13 Not In¢ominty(outyolng) rnsources before transfers s14 44,152 44,152 15,270 15,270 18,496 Gross transfer5 between funds S15 Net Incominty(outyoing) resources beforn other recognised gains/Oossos) s18 Other rncognlsed galnsl(losses) Gains and losses on revaluation of fixed assets for the charity's own use Gains and losses on investment assets S17 S18 Net movement In funds s19 15,270 15.270 18,496 Total funds brought fornard rotal funds canled fonvanl s21 S20 15,270 CC17a {Excet) 1010612024
Section B Balance sheet es ric income funds Unrestricted funds Endowmont Total thls funds year Total last year Fixed assets Tangible assets F01 4,014 F02 F03 F04 4.014 F05 5,243 (Nots 9 Investments (Note 10) Total flxed &ets Current assets Stock and work In progress Debtors (Note 11) {Short term) Investments Cash at bank and in hand Total current assets 3,580 12,993 3.580 12,993 2,791 47 82,904 Crndltors: amounts falling due wlthln one year (Note 12) 810 3,849 Net current asse1{114bIIftIos) 811 Total assets less current llabiliti.es 812 Credltors: amounts falllng due after one year (Noto 12) Provlslon8 for Ilabllities and Gharges B13 B14 Net assets B15 Funds of the Charity Unrestricted funds 816 62,965 47,695 817 Restrictsd Income funds (Nots 13) Endowment funds (Nots 13) B18 819 Total funds B20 62.965 Error 47,695 Signed by one or ts¥o trustees on behalf of all the trustees Signature Print Name Date of roval K]F¢E ILt& kl CC17a (Excel) 1010612024
Section C Notes to the accounts Note 1 Basis of preparation Thls sectlon should be completed by all charities. 1.1 Basis of accounting Th8se accounts have been prepared on the basis of historic cost (except that investments are shown at market value) in accordance with.. Accounting and Re rtin and with. by Charities- Ststement of Recommended Practice (SORP 2005); Accounting Standards: Flnancial Reputs'ng Standards for Smaller Enterprises (FRSSE),. or and with the Charities Act. ' exce t for the followin Glv• dotalls In thls ljox M a dlffernnt standard IMS bean followed. -Tick as appropriate.. if all relevant disclosures shown in the path have been gN8n then please tick'Aco)unts'ng Starvjards.; if disdogures completed in these accounts have been restricted to thosa wuired by the FRSSE, then please tid( "Financial Reporting Standards for Smalter Enterprises {FRSSE)". - If no departures from the chosen stsndards have been made th8n de8 th8s8 Drd8. othepM8e give detsils of any ¢hange8 in the boxes. 1.2 Change In basls of accountlng There has been no change to the accounting policies {valUatn rules and methods of accounting) since last year (5 except for the following). Glve detalts In thls box of any matorfal changes that have been mad& S if no changes have been made to accounting polioes then de8 ltrse words. 1.3 Changes to prevlous accounts No changes have been made to accounts for previ¢)us years (55 except for the following). Glve detalls In thls Ix>x of any materlal changes that ha ba•n mad& 55 if no charKJes have been m&Je to accounts for previous P8riCMYs then delets these wrdS. CC178 (Excell 1010612024
Section C Notes to the accounts {contl Note 2 Accounting policies This standard Ilst of accounting policies has been applled by the charity except forthose deleted. Where a dlffere or add"OnalpollCV has been adopted then thls Is detailed in the box below. INCOMING RESOURCES Rfrcoonlllon of Incomlnq r•8ourc8s These are indud8d in the Statement of Finanoal Acknvibes (SOFA) when: the chaiitv becomes 8nti118d to tho r8sources. the trustees are wrtuallv certain thev will receive the resoure8s: aTh the monetarv value can be measured wrth suffiaent reliabilttv. Where incorning resources have related expenditure (as with fijndraising or contract income) the inming reSoUrS and related expendtture are reported gross in the SOFA. Grants and donations are only induded in the SOFA when th8 charity has unconditional entrtlement to the rescyjrces. Incornlng rn8ourcos wlth related expendriure Grants and donallon• Tax r•clalm8 on donatlom and gllts Contractual Incomo and perfonnanc• r•latsd grants Inc(xning f8soufc88 frc#n tax redaim$ are induded in th8 SOFA at Sa time as the gift to they relate. This is onty Ind the SOFA On th8 related goods or serrfic88 have teen delivered. Gllts In klnd Glfts In klnd are accounted for at a rea$able estimate of their value to the charity or the amount acaually realised. Gifts in kind for sab or distrilyJtion are indudgd in the a¢oJunts as gffts only when sold or distributed by the Charity Gifts in kind for use by th8 thanty are induded in th8 SOFA as inccming resources when T91vable. These are only included in incomiNJ resour (with an equivalent amount in f8sources expended) Ithere the benefft to the charity is reasonably quantifiable, mèasurablè and material. The value placed on these resources is the esb'mated value to the charity of the seNice or faulity recetved. Th8 valu8 of any voluntsry help re¢eN8d18 not induded in the accounts but is describ8d in th trustee$. annual repo This is in¢luded in the acccwnts wlwi rthxivabJ8. Donotsd •orvl¢o• and facllftlo8 Volunts•r h•lp Invo•lmont Incom• Invostrnent galn8 and108•M This Includes any gain or loss on the salé of investments and any gain or loss resutting from revaluing Investments to market value at the erKI of thè year. EXPENDITURE AND LIABILITIES Llablllty recognlllon Liabilibes aTr COgnl as soon as there 1$ a al or cor6tructive oblwab'on committing the charity to pay out resourcts. Include costs of the Pfeparation 8fKI examination of ststulory accounts, the costs of trustèè meeb.ngs and cost of any legal advi to trustees on govemance or nsIrtU.0naI matters. Where the chanty gives a grant vthh condOn¥ for rts paymént being a speufic level of service or outyut to be prowded, such grants aro only recojnised in the SOFA onc the rècipient of the grant has provthd the speafied service or outs)uL These af8 only recognised in the accounts when a commth)ent has been made and thèrè arè no condth.ons to be mat relkn.ng to the grant vthich remain in the control of the charity. Support costs indude ntral funclions aThJ have been allocated to ath.vty cost categories on basis consistent the use of r8sourc8s. eg allc¢atiThJ property costs by tloor areas, or per ¢aprta. staff costs by th8 trmè nt and other costs by th8ir usage. Govomanco co•ts Grants wlth prfomiance conditlon• Grants payable wlthout perforniance ¢ondltlon8 Support cts ASSETS Tanglblo flxed a880ts for uso These are capitalised rf they ron be used for more than one year, and cost at least £500. by eharlty They are valued at cost or a reasonable value on rlpl Inv08tment• Inv8Stm8nts quotsd on a recc*3nisehJ stock exchange are valu&J at market value at the year end. Other investment assets are induded at trustees. best eslimate of market value. Stock• and worf( In progress These are valued at the lower of cost or market value. POLICIES ADOPTED ADDITIONAL TO OR DIFFERENT FROM THOSE ABOVE CC17a {Excel) 1010612024
Section C Notes to the accounts (cont Nots3 Analysis of incoming resourc•s Incomlng rnSOu8S may be further anatysed M thls would help the reader of the accounts. ThSs yoar last yoar Voluntary income Donations 1,109 1,559 Totsl 1,109 1,559 Actlvitles for generating funds Fund Raising 58.313 53,622 Totsl 58,313 53,622 Invtment Income Totsl Incomlng rosource8 from charftablo actlvlt108 Total CC17a (Excd) 1010612024
Section C Notes to the accounts (cont} Note 4 Analysis of resources expended Resources expended may be furthér anatysod If thls would help the reader of the accounts. Thls year Last year Ana Is Costs of generatlng voluntary Income Cost of Sales Other Costs 24,724 19,428 24,017 12,668 Totsl 44.152 36,685 Fundralslng tradlng costs Total Investment management costs Total Charttablo actlvltlo8 Total Governanco costs Total CC17a (EX1) 1210612024
Section C Notes to the accounts Icontl Note S Support Costs Please complete this note rf the charity has ty58d its expenses uslng actlvlty categorfes and has support costs. Fundralslng acllvlty Charftablo A¢Uvlty Governa¢ Actlvlty Totsl C08t Su ort cost Totsl Note 6 8.1 Trustee oxponsos Please provlde detalls ol the amount ofany payment or rèlmbursement of out•of-pocket up$0$ made to trustees or to thlrd partles ft)r expenses incurred by tmsteos. ff no expenses were pald. please enter 'None' In thé appmprlate lJox(es). Detalls of cortain Items of oxpondlthre Thls y•ar La8t year Number of trust•O8 who pald oxpen8 Nature of the expenseB Total amount pald 6.2 Fees for examlnatlon or audit of the accounts Please prnvide detalls of the amountpald forany statutory extemal scnrtlny of accounts and other 3eNices provided by your Indepen examlneror audltor. If nothlng was paidplease ent•r NONE In the appmprfate box(es). Th18 yoar Last y•ar Indepondont •xamln•rfs or audltors, fees for rnportlng on tho accounts Other fe68 (for oxamplo: advlce. consultancy, accountsncy Services) paid to the independent examlner or auditor oo CC17a (Excel) 1010612024
Sectioii C Notes to the accoLints Icontl Nots7 Paid employees Please complete th18 note If the ch•rlty has any •mpIo$. 7.1 staff Costs This year Last year Gross wago8, salarfes and b8neffts In klnd Employerfs Natlonal Insurdnce costs Penslon Cts Totsl Staff costs 7.2 Avorago number of fu114imo equivalont omployeeg In the year The parts of th• charlty In whlch the employee8 work Thls year Number Last yoar Numbgr Total 7.3 Dellnod contrlbutlon penslon schomo Please complete Ifa dellned contrlbutlon Brief dotails of the scheme enslon scheme Is o This y•ar Last year The ¢08ts of the scheme to the iharlty for the year The amount of any contrfbutions outstandlng at the year end The amount of any contrlbutlons prepald at the year end CC17a (Excell 1010612024
Section C Notes to the accounts (contl Note 8 Grantmaking Please complete this nots rf the charty made any grants or donatlons whl¢h In aggregats forni a materlal part of the ¢harftablo activities undertaken. 8.1 Total value of grants ran 5nstitutions Total amount £ ran individuals Total amount £ Pu e for whkh rnnts made Total 8.1 Grantmaklng costs If the charlty's accounts are prepared on th• "actfvlty basls" plea$• glve detalls of any support cost assoclated wlth grnntmaklng. Please enter "Nll" rf the charlty does not Idontlfy and/or alltxate support costs. Support C08ts of grantmaklng £ AI¥LT 8.3 Grants mado to Institution8 If the charlty has mado grants to partlcular Insthrtlons that are materlal In tho context of Its grnntmaklng please glve details of the Instftutlon support. putpose of the grant and total pald to each Instltutlon Ilsted. Sufficlent Infomiatlon should be glven to pmvlde a reasonable understandlng of the rango of in8titutlon$ su Name8 of Instltutlons Purpose Total amount of rants aid£ Total grants to lnstituts.ons CC17a {ExceE) 1010612024
Section C Notes to the accounts {contl Note 9 Tangible fixed assets Please complete thls note Mthe charfty has any tangible fixed assets 9.1 Cost or valuatlon Frnehold land & bulldin96 Other land & bulldlng6 Plan( ma¢hlnery and motor Vohlclo• Flxture8. ffttlngs and equlpment Payments on accountand a88ets under Constructlon Total Balance brought fowlard Additions 10,516 10,516 110 110 Revaluations Disposals Transfers ' Balance carried fon4vard 10.626 10,626 9.2 Accumulatsd depreclatlon and Impalrmont provl8lon8 SLorR8 SLorRB SLorRB 'Basls SLorRB SLorRB ** Rats Balance brought forward Depreciation charge for vear Impaiment provisions 5.273 5,273 1,338 1,338 Revaluations Dlsposals Transfers. Balance carried foThvard 6,611 6,811 9.3 Net book value Brought fopward Carried foThvard 5,243 4,014 5,243 4,014 9.4 Rèvaluatlon ff any fixed assets have been rnyaluedplease glve detalls of the valuerand m•thod of valuadon The 7rnnsfers' row is formovoments between fixed a&8et categoiies. ' Please indicato the mothod of dopreciation by deleting the method not applicable (SL = St1ght line,. R8 - reduong ba18nce). Also please indicate the rnte of depTrC.. fOrstght line. what is the 8ntiCW8ted lrfe ofthe 8sset (in Yea},. forTrducing balanc4 whis the percentage arjnual deducTh. CC178 (Excel) 10 1010612024
Section C Notes to the accounts {cont) Note 10 Investment assets Please complete thls nots If the charlty has any inVtrnent &ssets. 10.1 Flxod as8•t8 investments Carrying (market) value at beginning of year Add: additions to investrnents at cost Lts8: disposals al carrying value Addl(doduct): net gainl(loss) on revaluation Carrying (market) value at end of year Please pmvlde below.. 10.2 A breakdown of the market valu0• of Investmont8 shown abov• agreelng wlth the balance 8hg•t row 803. 10.3 A brnakdown of tho Incom• from InvMtments agre•lng wlth SOFA row SO3. Anatysls of Investments 10.2 Marf(ot valuo at year end 10.3 Income from Investments for th• yoar Inv08tm•nt prop•rtl•8 Investments Ilstod on a recognlsed stock exchange or hold In common Investment funds, open ended Inv08tment companies, unlt trusts or other collective Investment schemes Investments In 8ub81dlary or conn•¢t•d und•rtaklngs and companles Securltle8 not118ted on a rwnlsed Sto¢k Exchange Cash held as part of the Inve81ment portfolio Other Investments Total 10.4 Material Investment holdings If any single inve8tment18 materlal In tsrnls of Its valu• (for example reprwents more than S per cent of tho value of the charlty's total Investmonts) pl•a8• provide detslls. Invostmant held Market Value CC17a (EX1) 11 1010612024
Section C Notes to the accounts {cont} Note 11 Dobtorn and prepayments Please complete this not• If the charlly has any debtots or ents. Analysis of debtors Amounts falling du• wlthln one •ar Thls year Amounts falllng due after more than one This vear Last yr Trade debtorn Amounts due from subsldlary and assoclated undertaklngs Other debtorn Prepayments and accrued Incom• 47.0 Total Note 12 Credltorn and accruals Please complete thls note M the charlty has any eredltorn or accruals. 12.1 Analys18 of crndltors Amounts falllng du• wlthln one Thls v Last v•ar Amounts falllng due after more than one oar Th18 veaf Last year Loan8 and overdrafts Trade crodltors Amounts duo to 8ub8ldlary and a88oclated undortaklng8 Othor credltor8 3,849 41290 Accruals and deferrod Income Totsl 12.2 Security ovor assets Irany loan, overdraft or other creditor holds a eharye or othersocurlty overany a&8ets of the charlty p1the pmvlde details. CC17a {Excel) 12 1010612024
Section C Notes to the accounts (contl Note 13 Endowment and restricted income funds Please complete this section rf the charity has any endowment orrestrlded income funds. 13.1 Funds held Please give a brief doscrlptlon of any of the followlng type of funds hd by tha charfty: p8mianent endowment funds (PE); expendable endowment funds IEE): and restrlcted Income funds, Includlng speclal trusts, of the cha17ty {R>. Fund Name Typo PE, EE orR Pury)080 and Ro8tslctlon8 13.2 Movements of major funds Please glve detalls of the movements of the major funds summanlsod In the rnstrfcted and •ndowment columns of the Statement of Flnanclal Actlvttles. un balances brought forwan* un balanc carrled forward Incomlng Outgolng TrUre•S Galns and Trnnsfgrn Fund names Total Funds 13.3 Transfers between funds Please glve detslls of any transfers between funds. From Fund (Name) To Fund (Name) Reason Amount CC17a (Excd) 13 1Q10612024
Section C Notes to the accounts (cont> Note 14 Transactions with related parties If the charity has any transactlons wlth rnlatod partles (other than the trustee expenses explained in noto 6) detalls of such transactlons should be provided in thls noto. If thern are no transactions to report, please enter "None" in the relevant box8& 14.1 Remuneration and beneffts Please glve the amount of, and legal authorfty for. any remuneration or other benefrts pald to a trustee or othor relatedpartles by the charty or any insi?tutlon or company connected wlth IL Legal authorlty (eg order, govaming document) Amounts pald or beneflt value Thls year Last year Name of tru8ts• or connectod party 14.2 Loans Please glve detalls of and amounts owing to or from the charlty's trustees or othw rolatod partles by the Charlty at the year end. Name of trustee or connect party Amount owlng Th18 year Last year Legal authorlty Due to truste and r•lated partle8 Du• from truste8s and relat Dartles erlG 14.3 Other transactlon(8) with trustw or related parties Please glve details of any transactlon undertaken by (or on beham ofj th• charity In whl¢h a trustee or rel8ted party has a material interest Name of tho trustee Relationshlp to or rolatod cha Doscriptlon of the transactlon Th58 year Last yr •J CC17a {Excel) 14 1010612024
Section C Notes to the accounts cont Note 15 Additional Disclosures The followlng are slgnificant matters which are not covered in other notes and need to be included to provide a proper understanding of the accounts. If there is insufficient room herei please add a separate sheeL CC17a (Excel) 15 1010612024