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REGISTERED COMPANY NUMBER: 07335671 (England and Wales)
REGISTERED CHARITY NUMBER: 1146520















REPORT OF THE TRUSTEES AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2024

FOR

MERIDIAN LINK

MERIDIAN LINK






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024




Page

Report of the Trustees 1 to 2

Statement of Financial Activities 3

Balance Sheet 4 to 5

Notes to the Financial Statements 6 to 9

MERIDIAN LINK (REGISTERED NUMBER: 07335671)

REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 AUGUST 2024


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 31 August 2024. The trustees have adopted the provisions of the Charities SORP (FRS102) '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).

OBJECTIVES AND ACTIVITIES
Significant activities
During the period under review, the charitable company did not engage in any activities charitable or otherwise.

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.

The charity is registered as a charitable company limited by guarantee and is constituted under a Memorandum of Association dated 4 August 2010 and is a registered charity, number 1146520.

The Charity's objectives are to promote and develop sport and recreation, health, social inclusion, educational and community capacity building schemes and programmes between shared locations on the Greenwich Meridian (in particular but not exclusively throughout Africa) deemed as less fortunate than the UK. This is to be achieved through the provision or the assistance of facilities and/or items in the interest to benefit the communities who are in need due to their location, social or economic circumstance, disability, age, educational attainment or ill health with the object of improving their standard of living.

REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
07335671 (England and Wales)

Registered Charity number
1146520

Registered office
Middlegate House
1 Seymour Street
The Royal Arsenal
WOOLWICH
London
SE18 6SX

Trustees
Mr J M Sesnan Managing Director
Mr J Fahy Local Authority Councillor
Mr S Kelleher Civil Servant
Ms C Pritchard CEO of a Charitable Organisation
Mr J N D Carmichael Director
Mr D L Gardner Director And Councillor
Miss A D Amoateng CEO Guba Enterprise

Approved by order of the board of trustees on 2 May 2025 and signed on its behalf by:


MERIDIAN LINK (REGISTERED NUMBER: 07335671)

REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 AUGUST 2024





Mr J M Sesnan - Trustee

MERIDIAN LINK

STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 AUGUST 2024

31.8.24 31.8.23
Unrestricted Total
fund funds
Notes £    £   
INCOME AND ENDOWMENTS FROM
Donations and legacies 194 -

EXPENDITURE ON


Other 430 410

NET INCOME/(EXPENDITURE) (236 ) (410 )


RECONCILIATION OF FUNDS
Total funds brought forward 236 646

TOTAL FUNDS CARRIED FORWARD - 236

CONTINUING OPERATIONS
The charitable company was dormant in the current and previous year.

Expenditure has been accrued in respect of professional fees associated with the administrative and filing duties of the charitable company.

MERIDIAN LINK (REGISTERED NUMBER: 07335671)

BALANCE SHEET
31 AUGUST 2024

31.8.24 31.8.23
Unrestricted Total
fund funds
Notes £    £   
CURRENT ASSETS
Cash at bank 5,001 5,001

CREDITORS
Amounts falling due within one year 4 (5,001 ) (4,765 )

NET CURRENT ASSETS - 236

TOTAL ASSETS LESS CURRENT LIABILITIES - 236

NET ASSETS - 236
FUNDS 5
Unrestricted funds - 236
TOTAL FUNDS - 236

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.


The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 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.


MERIDIAN LINK (REGISTERED NUMBER: 07335671)

BALANCE SHEET - continued
31 AUGUST 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 2 May 2025 and were signed on its behalf by:





Mr J M Sesnan - Trustee

MERIDIAN LINK

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

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.

The charitable company was dormant throughout the current and previous year.

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.

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, where relevant, is included in the notes to the financial statements.

2. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 August 2024 nor for the year ended 31 August 2023.


Trustees' expenses

There were no trustees' expenses paid for the year ended 31 August 2024 nor for the year ended 31 August 2023.


MERIDIAN LINK

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024

3. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
fund
£   

EXPENDITURE ON


Other 410

NET INCOME/(EXPENDITURE) (410 )


RECONCILIATION OF FUNDS
Total funds brought forward 646

TOTAL FUNDS CARRIED FORWARD 236

4. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Other creditors 4,571 4,355
Accrued expenses 430 410
5,001 4,765

5. MOVEMENT IN FUNDS
Net
movement At
At 1.9.23 in funds 31.8.24
£    £    £   
Unrestricted funds
General fund 236 (236 ) -

TOTAL FUNDS 236 (236 ) -

MERIDIAN LINK

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024

5. MOVEMENT IN FUNDS - continued

Net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 194 (430 ) (236 )

TOTAL FUNDS 194 (430 ) (236 )


Comparatives for movement in funds

Net
movement At
At 1.9.22 in funds 31.8.23
£    £    £   
Unrestricted funds
General fund 646 (410 ) 236

TOTAL FUNDS 646 (410 ) 236

Comparative net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund - (410 ) (410 )

TOTAL FUNDS - (410 ) (410 )

A current year 12 months and prior year 12 months combined position is as follows:

Net
movement At
At 1.9.22 in funds 31.8.24
£    £    £   
Unrestricted funds
General fund 646 (646 ) -

TOTAL FUNDS 646 (646 ) -

MERIDIAN LINK

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024

5. MOVEMENT IN FUNDS - continued

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 194 (840 ) (646 )

TOTAL FUNDS 194 (840 ) (646 )

6. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 August 2024.