Methilhill Community Children's Initiative Ltd

	Page
Trustees' Report	1—5
Independent Examiner's Report	6
Statement of Financial Activities (including Income and Expenditure Account)	7
Comparative Statement of Financial Activities (including Income and Expenditure Account)	8
Balance Sheet	9—10
Notes to the Financial Statements	11—17

The trustees present their report and the financial statements for the year ended 31 January 2026.

Objectives and Activities

Aims and Objectives

MCCI's purpose as set out in the MCCI constitution is "to enhance the development and education of local children, young people and their famillies".

The long term aims as quoted in the MCCI Feasibility Study (July 2013) were

Providing a centrally located centre for children and young people within the community.
Offeringa pre-school nursery session 5 days a week with opportunity to develop and enhance, personal, social,and emotional wellbeing of local pre-school children via a broad and balanced curriculum.
To promote outdoor learning
To offer additional childcare hours to meet needs of local community.
Offering opportunity for primary school children to have an out of school club involving not onlyplay but educational, social,and handicraft possibilities.
Offering parents the oppertuninty to participate in groups and activities to enhance their parenting skills/confidence and sense of community spirit.
Establish good relationships with parents and carers whilst offering the opportunity to be involved in all aspects of theirs child's early education experiences and to be involved in the development of the group.
Offering equal opportunties to all community members whilst repecting and valuing their diffences.
Encouraging paid staff, board members, trainees and voluteers in their continuing professional development via learning and training opportunities.
To monitor and evaluate the services provided to ensure the highest standards are attained and the maximum impact made on the children and young people of the community.

Significant Activities

Ensuring Our Work Delivers Our Aims

We review our aims , objectives and activities each year. We repare reports annually for the organisations who provide funding to us and we monitor and evaluate all activities and groups on a regular basis.

Achievements and Performance

Main Achievements

How our Activities Deliver Public Benefit

Our main activities and who we try to help, the children of Methilhill, are described below. For each club we summarise the analysis of attendance, activities and success of each club.

Young Volunteers

Fundraising activities and taking part in community events lets the young people work towards acredited awards.

Nature Nursery

For children from 2 to 5 years of age Nature Nursery allows children freedom to grow and learn in a safe and secure outdoor enviroment.

Nature Tots

The Community Garden is used one morning per week by a toddler group. Children are supervised by their parents while they explore and learn.

...CONTINUED

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Methilhill Community Children's Initiative Ltd

Trustees' Report (continued)

For The Year Ended 31 January 2026

Main Achievements - continued

Youth club

A youth group for the primary school age children.The purpose of the youth club is to give children a chance to socialise and gain skills in outdoor activities ad learn about the garden and enviroment around them as well as develop learning about their local community.

Nature Kids

During school holidays full day activities for school age children.

Fees

MCCI charge a fee for each child attending one of the MCCI's clubs. Fees are generally set as low as possible so that a family's economic situation should not preclude children attending.

Community Events

MCCI regularily hold and attend community events. The events could be to raise the group's profile, to raise group funds, or just a fun event for our local families, especially in these difficult times. This year events have included:

Two Halloween parties for the children and adults alike.
Christmas workshops.
Sponsored walks.
Attendance at VYN online and networking events.
Family race night
2 open days in the garden
Attended transition day for the primary school children.

Donations

We have been fortunate to have received some cash donations during the year and this has been bolstered by money raised from the events described earlier. But, in addition, people have been extremely generous with donations of equipment etc:

Donations of equipment and materials
Donations for raffles, hampers etc.
Donation of time - over 1,400 voluntary hours
Donations of services such as skills and trade.

Financial Review

Financial Position

The statement of financial activities shows net income of the year of £70,083 (2025:£85,755) and at 31 January 2026 total reserves stand at £261,960 (2025:£191,877) of which £12,110 (2025:£29,910) represents unrestricted funds.

Reserves Policy

For the reasons given under 'investment policy' MCCI do not have any specific reserves policy in terms of, for example, that funds not committed are invested in tangible fixed assets should be between 3 and 6 months of the annual expenditure. They are, however, clear that grant funding has to be in place before any initiative can go ahead and that future activities(including continuation of current activities

Structure, Governance and Management

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Methilhill Community Children's Initiative Ltd

Trustees' Report (continued)

For The Year Ended 31 January 2026

Governing Document

The Directors have pleasure in presenting their Report for the year ended 31 January 2026. This Report is prepared in accordance with Constitution and the Statement of Recommended Practice applicable to charities preparing accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (Charities SORP (FRS102)), the companies Act 2006, the Charities and Trustee Investments (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006 (as amended.

The charity made the transition to a charitable company limited by guarantee on the 4 January 2013 and it continues to have charitable status. It was established under a Memorandum of Association which establishedthe objectives and powers of the charitablecompany and is governed under its Articles of Association. In the eventof the company being wound up the members are required to contribute £1.

Trustee Selection Methods

The Constutution established that the Directors of the company are also trustee for the purpose of charity law and under the company's Articles are know as members of the Management Committee. Under the requirements of the Memorandum and Articles of Association the members of the Management Committee are elected to serve for a period of three years after which they must be re-elected at the Annual General Meeting.

Director induction and Training

All directors of MCCI give their time voluntarily and receive no benefitsfrom the charity. Given MCCI's rather informal and holistic structure there has been no induction training or training in manangement techniques, MCCI have, however, concentrated on training in relation to its main aim - giving children opportunities.

Reference and Administrative Details

Trustees

Ms Kirsty Barclay

Mr Paul Forsyth

Mrs Carol Barnes

Mrs Gemma Banks

Mrs Sandra Williams (resigned 14/06/2025)

Mrs Angela Wood

Other Personnel

K Barclay - Secretary

N Alexander - Senior management team

Charity Number

SC044414

Company Number

SC439603

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Methilhill Community Children's Initiative Ltd

Trustees' Report (continued)

For The Year Ended 31 January 2026

Independent Examiner

Douglas Briggs FCCA FMAAT Chartered Certified Accountant

Douglas Briggs FCCA, FMAAT

62 Wellesley Road
Methil
Leven
Fife
KY8 3AF

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Methilhill Community Children's Initiative Ltd

Trustees' Report (continued)

For The Year Ended 31 January 2026

Statement of Trustees' Responsibilities

The trustees (who are also the directors of Methilhill Community Children's Initiative Ltd for the purposes of company law) are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the trustees to prepare financial statements for each financial year. Under company law the trustees must not approve the financial statement unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing the financial statements the trustees are required to:

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

The trustees are responsible for keeping adequate accounting records which disclose with reasonable accuracy at anytime the financial position of the charitable company and to enable them to ensure that the accounts comply with the Charities and Trustees Investment (Scotland) Act 2005, the Charities Accounts (Scotland) Regulations 2006 and 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.

The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

Small Company Rules

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

The trustees' report was approved by the board of trustees and signed on its behalf by:

Mrs Gemma Banks

Trustee

30/10/2026

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Methilhill Community Children's Initiative Ltd

Independent Examiner's Report to the Trustees of Methilhill Community Children's Initiative Ltd

For The Year Ended 31 January 2026

Independent Examiner's Report to the Trustees of Methilhill Community Children's Initiative Ltd

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 January 2026.

Responsibilities and Basis of Report

As the charity trustees of the Company (and also its directors for the purposes of company law), you are responsible for the preparation of the accounts in accordance with the terms of the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006 (as amended). The charity trustees consider that the audit requirement of Regulation 10(1) (a) to (c) of the 2006 Accounts Regulations does not apply. It is my responsibility to examine the accounts as required under section 44(1) (c) of the Act and to state whether particular matters have come to my attention.

My examination is carried out in accordance with Regulation 11 of the 2006 Accounts Regulations. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeks explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the view given by the accounts.

Independent Examiner's Statement

Since the Charity has prepared its accounts on an accruals basis and is registered in Scotland your examiner must be a member of a body listed in Regulation 11(2) of the Charities Accounts (Scotland) Regulations 2006 (as amended). I confirm that I am qualified to undertake the examination because I am a member of The Association of Chartered Certified Accountants, which is one of the listed bodies.

In the course of my examination, no matter has come to my attention

which gives me reasonable cause to believe that in any material respect the requirements:
- to keep accounting records in accordance with Section 44(1) (a) of the 2005 Act and Regulation 4 of the 2006 Accounts Regulations
- to prepare accounts which accord with the accounting records and comply with Regulation 8 of the 2006 Accounts Regulations

have not been met, or

to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

Douglas Briggs FCCA FMAAT Chartered Certified Accountant

05/10/2026

62 Wellesley Road
Methil
Leven
Fife
KY8 3AF

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Methilhill Community Children's Initiative Ltd

Statement of Financial Activities (including Income and Expenditure Account)

For The Year Ended 31 January 2026

Statement of Financial Activities (including Income and Expenditure Account)

				2026	2025
		Unrestricted funds	Restricted funds	Total funds	Total funds
	Notes	£	£	£	£
INCOME AND ENDOWMENTS FROM:
Charitable activities:
		-	281,044	281,044	266,952
Other trading activities	4	157,671	(9,618 )	148,053	82,435
Investments	5	63	-	63	-

		157,734	271,426	429,160	349,387

EXPENDITURE ON:
Raising funds	7	(95,953 )	(287,870 )	(383,823 )	-
Charitable activities:	7
		-	-	-	(263,632 )

		(95,953 )	(287,870 )	(383,823 )	(263,632 )

NET INCOME		61,781	(16,444 )	45,337	85,755


NET MOVEMENT IN FUNDS		61,781	(16,444 )	45,337	85,755
RECONCILIATION OF FUNDS:
Total funds brought forward		29,910	161,967	191,877	106,122

TOTAL FUNDS CARRIED FORWARD	17	91,691	145,523	237,214	191,877

The notes on pages 11 to 17 form part of these financial statements.

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Methilhill Community Children's Initiative Ltd

Comparative Statement of Financial Activities (including Income and Expenditure Account)

For The Year Ended 31 January 2026

Comparative Statement of Financial Activities (including Income and Expenditure Account)

				2025
		Unrestricted funds	Restricted funds	Total funds
	Notes	£	£	£
INCOME AND ENDOWMENTS FROM:
Charitable activities:
		-	266,952	266,952
Other trading activities	4	82,435	-	82,435

		82,435	266,952	349,387

EXPENDITURE ON:
Charitable activities:	7
		(76,553 )	(187,079 )	(263,632 )

NET INCOME		5,882	79,873	85,755


NET MOVEMENT IN FUNDS		5,882	79,873	85,755
RECONCILIATION OF FUNDS:
Total funds brought forward		24,028	82,094	106,122

TOTAL FUNDS CARRIED FORWARD	17	29,910	161,967	191,877

The notes on pages 11 to 17 form part of these financial statements.

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Methilhill Community Children's Initiative Ltd

Balance Sheet

As At 31 January 2026

Balance Sheet

				2026	2025
		Unrestricted funds	Restricted funds	Total funds	Total funds
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	12	14,744	-	14,744	18,430

		14,744	-	14,744	18,430
CURRENT ASSETS
Stocks	13	358	-	358	-
Debtors	14	1,442	-	1,442	11,650
Cash at bank and in hand		207,182	30,063	237,245	169,170

		208,982	30,063	239,045	180,820
Creditors: Amounts Falling Due Within One Year	15	(16,574 )	(1 )	(16,575 )	(7,373 )

NET CURRENT ASSETS (LIABILITIES)		192,408	30,062	222,470	173,447

TOTAL ASSETS LESS CURRENT LIABILITIES		207,152	30,062	237,214	191,877

NET ASSETS		207,152	30,062	237,214	191,877

FUNDS OF THE CHARITY
Restricted Funds				145,523	161,967
Unrestricted Funds				91,691	29,910

TOTAL FUNDS	17			237,214	191,877

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Methilhill Community Children's Initiative Ltd

Balance Sheet (continued)

As At 31 January 2026

For the year ending 31 January 2026 the charitable company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

On behalf of the board

Mrs Gemma Banks

Trustee

30/10/2026

The notes on pages 11 to 17 form part of these financial statements.

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Methilhill Community Children's Initiative Ltd

Notes to the Financial Statements

For The Year Ended 31 January 2026

Notes to the Financial Statements

1. General Information

Methilhill Community Children's Initiative Ltd is a company limited by guarantee, incorporated in Scotland, registered number SC439603 and registered charity number SC044414 . The registered office is .

2. Statement of Compliance

The financial statements 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.

3. Accounting Policies

3.1. Basis of Preparation of Financial Statements

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

The charitable company is a Public Benefit Entity as defined by FRS 102.

3.2. Financial Reporting Standard 102 - Reduced Disclosure Exemptions

The charitable company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland":

3.3. Going Concern Disclosure

The trustees have not identified any material uncertainties related to events or conditions that may cast significant doubt about the charitable company's ability to continue as a going concern.

3.4. Fund Accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Designated funds comprise unrestricted funds that have been set aside by the trustees for a specific purpose.

Restricted funds are to be used for specific purposes as laid down by the donor.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

3.5. Incoming Resources

All income resources are included in the statement of financial activities when entitlement has to the charity; it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific polocies are applied to particular categories of income:

income from donations or grants is recognised when there is evidence of entitlement to the gift,receipt is probable and its amount can be measured reliably.
legacy income is recognised when receipt is probable and entitlement is established.
Income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts ehen received if the value can be reliably measured. No amounts are included for the contribution of general volunteers.
Income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractural requirement for it to be spenton a particuilar purpose and returned if unspent, in which case it may be regarded restricted.

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Methilhill Community Children's Initiative Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2026

3.6. Resources Expended

Liabilities are recognised as resources expended as soonas there is a legal or constructive obligation committing the company to the expenditure.The company is not registereredfor VAT and accordingly expenditure is gross.

3.7. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Fixtures & Fittings

20% reducing balance

Impairment of Fixed Assets

A review for indicators of impairment is carried out at each reporting date, eith the recoverable being estimated where such indicators exsist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

For the purpose of impairment testing, when its not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash generating unit to which the asset belongs. The cash generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or group of assets.

3.8. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks.

Cost is determined using the first-in, first-out method. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

Work in progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

At the end of each reporting period stocks are assessed for impairment. If an item of stock is impaired, the identified stock is reduced to its selling price less costs to complete and sell and an impairment charge is recognised in the statement of financial activities. Where a reversal of the impairment is required the impairment charge is reversed, up to the original impairment loss, and is recognised as a credit in the statement of financial activities.

3.9. Cash and Cash Equivalents

Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks, other short-term highly liquid investments that mature in no more than three months from the date of acquisition and are readily convertible to a known amount of cash with insignificant risk of change in value, and bank overdrafts.

3.10. Financial Instruments

The company only has the financial assets and financial liabilities of a kinfd that qualify as basic financial instruments. Basic financial instruments are intially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at the carrying value plus accrued interest less repayments. The financing charge to expenditure is at a constant rate calculated using the effective interest method.

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Methilhill Community Children's Initiative Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2026

3.11. Pensions

The charitable company operates a defined pension contribution scheme. Contributions are charged to the Statement of Financial Activities as they become payable in accordance with the rules of the scheme.

4. Income from Other Trading Activities

			2026
	Unrestricted funds	Restricted funds	Total funds
	£	£	£
Income from other trading activities	149,930	(9,618)	140,312
Fundraising events	7,741	-	7,741

	157,671	(9,618 )	148,053

			2025
	Unrestricted funds	Restricted funds	Total funds
	£	£	£
Income from other trading activities	78,706	-	78,706
Fundraising events	3,729	-	3,729

	82,435	-	82,435

5. Investment Income

	2026	2025
	Unrestricted	Unrestricted
	funds	funds
	£	£
Bank interest receivable	63	-

6. Net Income/(Expenditure)

The net income is stated after charging/(crediting):

	2026	2025
	£	£
Depreciation of tangible fixed assets - owned	-	4,605
Depreciation of tangible fixed assets - finance leases and hire purchase contracts	3,686	-

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Methilhill Community Children's Initiative Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2026

7. Analysis of Expenditure

			2026
	Activities undertaken directly	Support costs (see note 8 )	Total
	£	£	£
Raising funds	244,036	139,787	383,823

			2025
	Activities undertaken directly	Support costs (see note 8 )	Total
	£	£	£
Raising funds	148,188	(148,188 )	-
	65,316	198,316	263,632

	213,504	50,128	263,632

8. Support Costs

	2026
	Raising funds
	£
Employee costs	55,692
Premises expenses	18,242
General administration	62,167
Depreciation	3,686

	139,787

			2025
	Raising funds		Total
	£	£	£
Employee costs	(197,029)	192,045	(4,984)
Premises expenses	17,887	-	17,887
General administration	32,620	-	32,620
Depreciation	-	4,605	4,605
Governance costs	(1,666)	1,666	-

	(148,188 )	198,316	50,128

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Methilhill Community Children's Initiative Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2026

9. Independent Examiner's Remuneration

	2026	2025
	£	£
Independent examination of the financial statements	1,200	-

10. Staff Costs

Staff costs were as follows:

	2026	2025
	£	£
Wages and salaries	225,909	173,254
Other pension costs	25,025	8,443

	250,934	181,697

No employees received employee benefits (excluding employer pension costs) for the reporting period of more than £60,000.

11. Average Number of Employees

Average number of employees during the year was: 18 (2025: 18)

12. Tangible Assets

	Fixtures & Fittings
	£
Cost
As at 1 February 2025	63,771

As at 31 January 2026	63,771

Depreciation
As at 1 February 2025	45,341
Provided during the period	3,686

As at 31 January 2026	49,027

Net Book Value
As at 31 January 2026	14,744

As at 1 February 2025	18,430

13. Stocks

	2026	2025
	£	£
Materials	358	-

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Methilhill Community Children's Initiative Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2026

14. Debtors

	2026	2025
	£	£
Due within one year
Trade debtors	-	11,338
Other debtors	1,442	312

	1,442	11,650

15. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Trade creditors	15,375	397
Other creditors	-	2,190
Taxation and social security	-	3,586
Accruals and deferred income	1,200	1,200

	16,575	7,373

16. Pension Commitments

The charitable company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the charitable company in an independently administered fund.

During the year the charge to the statement of financial activities in respect of defined contribution schemes was £25,025 (2025: £8,443).

At the balance sheet date contributions of £NIL were due to the fund and are included in creditors.

17. Movement in Funds

	As at 1 February 2025	Income	Expenditure	As at 31 January 2026
	£	£	£	£
Unrestricted funds
General:
General unrestricted fund	29,910	157,734	(95,953 )	91,691
Restricted funds
Charitable activities	161,967	271,426	(287,870 )	145,523


Total funds	191,877	429,160	(383,823 )	237,214

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Methilhill Community Children's Initiative Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2026

	As at 1 February 2024	Income	Expenditure	As at 31 January 2025
	£	£	£	£
Unrestricted funds
General:
General unrestricted fund	24,028	82,435	(76,553 )	29,910
Restricted funds
Charitable activities	82,094	266,952	(187,079 )	161,967


Total funds	106,122	349,387	(263,632 )	191,877

18. Transactions with Trustees

During the year the expenses reimbursed to the trustees or paid directly to third parties were as follows:

	2026	2025
	£	£

19. Related Party Disclosures

Key management personnel (including directors) received compensation of £22,117 (2025: £19,673)

20. Company limited by guarantee

The company is limited by guarantee and has no share capital.

Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £1.

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