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REGISTERED NUMBER: 06576851 (England and Wales)















REPORT OF THE DIRECTORS AND

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

THE MEDINGE FOUNDATION LTD

THE MEDINGE FOUNDATION LTD (REGISTERED NUMBER: 06576851)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023










Page

Company Information 1

Report of the Directors 2

Income Statement 3

Balance Sheet 4

Statement of Changes in Equity 5

Notes to the Financial Statements 6


THE MEDINGE FOUNDATION LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: E Uffindell
J Yan





SECRETARY: S F A Paterson





REGISTERED OFFICE: 1st Floor
80 Coombe Road
New Malden
Surrey
KT3 4QS





REGISTERED NUMBER: 06576851 (England and Wales)





ACCOUNTANTS: Liles Morris Limited
1st Floor
80 Coombe Road
New Malden
Surrey
KT3 4QS

THE MEDINGE FOUNDATION LTD (REGISTERED NUMBER: 06576851)

REPORT OF THE DIRECTORS
FOR THE YEAR ENDED 31 DECEMBER 2023


The directors present their report with the financial statements of the company for the year ended 31 December 2023.

PRINCIPAL ACTIVITY
The principal activity of the company in the year under review was that of a membership organisation for the advocacy of brands and relationship with humanity.

DIRECTORS
The directors shown below have held office during the whole of the period from 1 January 2023 to the date of this report.

E Uffindell
J Yan

STATEMENT OF DIRECTORS' RESPONSIBILITIES
The directors are responsible for preparing the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the surplus or deficit of the company for that period. In preparing these financial statements, the directors are required to:

- select suitable accounting policies and then apply them consistently;
- make judgements and accounting estimates that are reasonable and prudent;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company 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 company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





S F A Paterson - Secretary


17 April 2024

THE MEDINGE FOUNDATION LTD (REGISTERED NUMBER: 06576851)

INCOME STATEMENT
FOR THE YEAR ENDED 31 DECEMBER 2023

2023 2022
£    £   

TURNOVER 7,290 9,117

Administrative expenses 6,440 12,892
OPERATING SURPLUS/(DEFICIT) and
SURPLUS/(DEFICIT) BEFORE
TAXATION

850

(3,775

)

Tax on surplus/(deficit) - -
SURPLUS/(DEFICIT) FOR THE
FINANCIAL YEAR

850

(3,775

)

THE MEDINGE FOUNDATION LTD (REGISTERED NUMBER: 06576851)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £   
CURRENT ASSETS
Debtors 5 134 479
Cash at bank 3,482 2,127
3,616 2,606
CREDITORS
Amounts falling due within one year 6 1,171 1,011
NET CURRENT ASSETS 2,445 1,595
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,445

1,595

RESERVES
Income and expenditure account 2,445 1,595
2,445 1,595

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which 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 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 company.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors and authorised for issue on 17 April 2024 and were signed on its behalf by:





E Uffindell - Director


THE MEDINGE FOUNDATION LTD (REGISTERED NUMBER: 06576851)

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2023

Retained Total
earnings equity
£    £   
Balance at 1 January 2022 5,370 5,370

Changes in equity
Total comprehensive income (3,775 ) (3,775 )
Balance at 31 December 2022 1,595 1,595

Changes in equity
Total comprehensive income 850 850
Balance at 31 December 2023 2,445 2,445

THE MEDINGE FOUNDATION LTD (REGISTERED NUMBER: 06576851)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023


1. STATUTORY INFORMATION

The Medinge Foundation Ltd is a private company, limited by guarantee , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. There were no material departures from this standard.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Subscriptions are included for the year. Subscriptions received for following years have been recorded as deferred subscription income.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 134 479

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors - 6
Other creditors 1,171 1,005
1,171 1,011

7. CONTROLLING PARTY

The company is controlled by its members.