The Mar aret Finle Trust Statement of Financi81 Activities for the Year Ended 31 December 2024 2024 2023 Total funds Unrestricted fund Notes INCOME AND ENDOWMENTS FROM Donations and legacies 40,000 EXPENDITURE ON Charitable activities Connecting minds Gifts 140 1,304 21,855 7,656 Other 408 372 Total 1,852 29,883 NET INCOME/(EXPENDITUREI 11,8521 10,117 RECONCILIATION OF FUNDS Total funds brought forward 31,031 20,914 TOTAL FUNDS CARRIED FORWARD 29,179 31,031 The notes form part of these financial statements Page 4
The Mar aret Finle Trust Balance Sheet 31 December 2024 2024 Unrestricted fund 2023 Total funds Notes CURRENT ASSETS Cash at bank 39,394 41,554 CREDITORS Amounts falling due within one year 15281 18361 NET CURRENT ASSETS 38,866 40,718 TOTALASSETS LESS CURRENT LIABILITIES 38,866 40,718 CREDITORS Amounts falling due after more than one year 19,6871 19,6871 NET ASSETS 29,179 31,031 FUNDS Unrestricted funds 29,179 31,031 TOTAL FUNDS 29,179 31,031 The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024. The members have not required the company to obtain an audit of its financial statement5 for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006. The trustees acknowledge their responsibilities for lal ensuring that the charitable company keeps accounting records that comply with Section5 386 and 387 of the Companies Act 2006 and preparing financial statements whith 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. Ibl The notes form part of these financial statements Page 5 continued..
The Mar aret Finle Trust Balance Sheet - continued 31 December 2024 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 29 September 2025 and were signed on its behalf bv.. l Bailey- Trustee E Bailey Trustee The notes form part of these financial statements Page 6
The Mar aret Finle Trust Notes to the Financial Statements for the Year Ended 31 December 2024 ACCOUNTING POLICIES Basls 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 IFRS 1021 '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 IFRS 1021 leffettive l January 20191,, 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. Income All income is recognised in the Statement of Financial Activitie5 Once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be meas(Jred reliablv. Expenditure Liabilities are recognised a5 expenditure as soon as there is a legal or constructive obligation committing the charity to that Èxpenditure, 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. Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure. Taxatlon 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 charitv. 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. NET INCOMEIIEXPENOITUREI Net incomellexpenditurel 15 stated after chargingllcreditingl.. 2024 2023 Auditor5, remuneration 490 372 Page 7 continued...
The Mar aret Finle Trust Notes to the Financial Statements - continued for the Year Ended 31 December 2024 TRUSTEES, REMUNERATION AND BENEFITS There were no trustees, remuneration or other benefits for the year ended 31 December 2024 nor for the year ended 31 December 2023. Tru5tees' expenses There were no trustees, expenses paid for the year ended 31 December 2024 nor for the year ended 31 December 2023. COMPARATIVES FOR THE STATEMENT OF FINANCIALACTIVITIES Unrestricted fund INCOME AND ENDOWMENTS FROM Donations and legacies 40,000 EXPENDITURE ON Charltable activities Connecting minds Gifts 21,855 7,656 Other 372 Total 29,883 NET INCOME 10,117 RECONCILIATION OF FUNDS Total funds brought fonNard 20,914 TOTAL FUNDS CARRIED FORWARD 31,031 Page 8 continued...
The Mar aret Finle Trust Notes to the Financial Statements - continued for the Year Ended 31 December 2024 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Trade creditors Accrued expenses 36 492 426 410 528 836 CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR 2024 2023 Other loans (see note 71 9,687 9,687 LOANS An analysis of the maturity of loans is given below.. 2024 2023 Amounts falling due between two and five years: Other loans - 2-S years 9,687 9,687 MOVEMENT IN FUNDS Net movement in funds At 31.12.24 At 1.1.24 Unrestrlcted funds General fund 31,031 11,8521 29,179 TOTAL FUNDS 31,031 11,8521 29,179 Net movement in funds, included in the above are as follows.. Incoming resources Resources expended Movement in funds Unrestricted funds General fund 11,8521 11,8521 TOTAL FUNDS 11,8521 11,8521 Page 9 continued...
The Mar aret Finle Trust Notes to the Financial Statements - continued for the Year Ended 31 December 2024 MOVEMENT IN FUNDS- continued Comparatives for movement in funds Net movement in funds At 31.12.23 At 1.1.23 Unrestricted fund5 General fund 20,914 10,117 31,031 TOTAL FUNDS 20,914 10,117 31,031 Comparative net movement in funds, included in the above are as follows.. Incoming resources Resources expended Movement in funds Unrestricted funds General fund 40,000 129,8831 10,117 TOTAL FUNDS 40,000 129,8831 10,117 A current year 12 months and prior year 12 months combined position is as follows-. Net movement in funds At 31.12.24 At 1.1.23 Unrestricted funds General fund 20,914 8,265 29,179 TOTAL FUNDS 20,914 8,265 29,179 A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows.. Incoming resources Resources expended Movement in funds Unrestricted funds General fund 40,000 131,7351 8,265 TOTAL FUNDS 40,000 131,7351 8,265 Page 10 continued...
The Mar aret Finle Trust Notes to the Financial Statements - continued for the Year Ended 31 December 2024 RELATED PARTY DISCLOSURES There were no related party transactions for the year ended 31 December 2024. Page 11