Markethill District Enterprises Ltd statement of Financial Activities Year Ended 31sl August 2024 Total 2024 Total 2023 Income Rent and Hire income Grants Other Income 28,088 4,379 1,240 30,278 8,675 436 33,707 39,389 Expenditure Cost of Fundraising Cost of Educational Activities Cost of Charitable Activities Governance Costs 4,019 37,438 6,022 30.555 Total payments 41,457 36,577 Net incomel{expenditure} Transfers tollfroml funds (Deficitllsurplus for the year 17,750} 2,812 Page 6
Markethill District Enterprises Ltd Statement of Financial Positlon Year Ended 31" August 2024 2024 2023 Note Fixed asset5 Tangible assets 10,758 15,857 Current assets Debtors Cash al bank and in hand 1,478 99,058 2,942 94,789 Total current assets 100,536 97,731 Creditors: amounts falling due wlthln one year (8,122) 12,438) Net current assets 92,414 95,293 Total assets less current liabilities 103,170 111,150 Creditors Amounts falling due after more than one year 230 Net assets 103,170 110,920 Charity Funds Income and expenditure account 103,170 110,920 Total cha rity funds 103,170 110,920 The directors are satisfied that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and that members have not required an audit in accordance with Section 476. The directors acknowledge their responsibilities for complying with the requirements of Companies Act 2006 with respect to accounting records and preparation of financial stalemenls. The financial statements have been prepared in accordance with the Special provision in Part 15 of the Companies Act 2006 to companies subject to the small Gompanies regime. The financial statements were approved and authorised for issue by the Board on 161h June 2025. Signed on behalf of the board of trustees. Alison Strong The notes on pages 8 10 11 form part of these financial statements. Company registration number. NIC107116 Page 7
Markethill District Enterprises Ltd Statement of Flnancial Position Year Ended 31st August 2024 2024 2023 Note Flxed assets Tangible assets 10,756 15,857 Current assets Debtors Cash al bank and in hand 1.478 99,058 2,942 94,789 Total current assets 100,536 97,731 Credltors: amount5 falllng due within one year 18,122} 12,4381 Net current assets 92,414 95,293 Total assets less current Ilabilities 103,170 111,15Q Creditors Amounts falling due aftor more than one year 230 Net assets 103,170 110,920 Charity Funds Incotne and expenditure account 103,170 110,920 Total charity funds 103,170 110,920 The directors are 5alislied that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and that members have not required an audit in accordance with section 476. The directors acknowledge their responsibilities for complyin9 with the requirements of Companies Act 2006 with respect lo accounting records and preparation of financial slalemenls. The flnancial statements have been prepared in accordance with the special provlslon in Part 15 of the Companies Act 2008 to companies subject to the small companies regime. The financial statements were approved and authorised for issue by the Board on 161h June 2025. Signed on behalf of the board of trustees. Alison Strong The notes on pages 8 10 11 form part of these flnancial slalements. Company registration number.. NIC107116 Page 7
Markethill District Enterprises Ltd Notes to the Financial Statements st Year Ended 31 August 2024 {e) Debtors and creditors receivable I payabl8 within one year Debtors and creditors with no s131ed Interest rale and receivable or payable within one year are recorded at transaction price, Any losses arising from impairrnent are recognised in expenditure. (f) Taxation The charity is an exempl charity within the meaning of schedule 3 of the Charities Act 2011 and Is considered to pass the lesls sel out in Paragraph 1 Schedule S Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation lax purposes. Igl Going concern The financial statements have been prepared on a going concern basis as the trustees believe that no material uncertainties exist. The trustees have considered the level of funds held and the expected level of income and expenditure foT 12 months from authorising these financial statements. The budgeted income and expenditure is sufficient with the 5evel of reserves for the charity lo be able to continue as a going concern. (h) Judgements and key sources of estlmation uncertainty The trustees do not feel there any malerlal judgemen15 or key sources of estimation uncertainly in these accounts. Analysis of cost of fundraising Expenses Support costs Total Cost of Fundr31sing Analysis of expenditure on charltable actlvltles Activities undertaken directly Support costs Total Gardening Club Christmas General expenses 2,611 915 2,611 915 493 493 3,526 493 4,019 Page 9
Markethill District Enterprise5 Ltd Notes to the Financial Statements st Year Ended 31 August 2024 Trustees, and key management personnel remuneration and expenses The Iiuslees neither received nor waived any remuneration during the year {2023'. £Nil). The trustees did not have any expenses reimbursed during the yeai {2023 - £Nil}. Fund reconciliation Balance at Balance al 31. August 2024 InGome Expenditure September 2023 Unreslricled Restricted 110,920 29,328 4,379 37,078 4,379 103,170 110,920 33,707 41,457 103,170 Page 10
Markethill District Enterprises Ltd Notes to the Financial Statements Year Ended 31st August 2024 2024 2023 Income Rent Receivable Restaurant Hlre Creche Hire Other income 15,088 6,500 6,500 1,240 17,278 6,500 6,500 436 Other Income Grants received Government grants 29,328 30,714 4,379 8,675 4,379 8,675 33,707 Expenses Donations Wages Rates and water Insurance Light and heat Repairs to propety Printing, post and slalionery Computer costs Sundry expenses Accounlancy Professional Fees Bar Licence written off Depreciation of tangible fixed assets Fixture and fittings 39,389 (401 {5,485) 1330) (3,2021 16,5171 111,167) (3941 (3501 18,0221 (970) {6,7551 {1,048) (2,879) (11,8691 16,689) {294} 12901 14,0191 {1,1101 {1,292) {3,526) (41,345) (36,4451 Flnance costs {7,638} 2,944 Bank charges 112 132 NET IDEFICIT)I SURPLUS 17,750) 2,812 Page11