REGISTERED COMPANY NUMBER: 02704659 (England and Wales)
REGISTERED CHARITY NUMBER: 1022810
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
FOR
WILLESBOROUGH WINDMILL TRUST
Gibbons Mannington & Phipps LLP
Chartered Accountants
82 High Street
Tenterden
Kent
TN30 6JG
WILLESBOROUGH WINDMILL TRUST
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
----- Start of picture text -----
Page
Reference and Administrative Details 1
Report of the Trustees 2 to 4
Independent Examiner's Report 5
Statement of Financial Activities 6
Balance Sheet 7
Notes to the Financial Statements 8 to 15
Detailed Statement of Financial Activities 16
----- End of picture text -----
WILLESBOROUGH WINDMILL TRUST
REFERENCE AND ADMINISTRATIVE DETAILS
FOR THE YEAR ENDED 31 MARCH 2025
TRUSTEES |
Mrs C J Drury (Treasurer) |
|
J R White |
|
C S George (resigned 23/10/2025) |
|
A D Terry |
|
E C Crouch |
|
Ms F Brann |
COMPANY SECRETARY |
Ms F Brann |
REGISTERED OFFICE |
Willesborough Windmill Trust |
|
Mill Lane |
|
Willesborough |
|
Ashford |
|
Kent |
|
TN24 0QG |
REGISTERED COMPANY |
02704659 (England and Wales) |
NUMBER |
|
REGISTERED CHARITY |
1022810 |
NUMBER |
|
INDEPENDENT EXAMINER |
Gibbons Mannington & Phipps LLP |
|
Chartered Accountants |
|
82 High Street |
|
Tenterden |
|
Kent |
|
TN30 6JG |
BANKERS |
CafCash Limited |
|
Kings Hill |
|
West Malling |
|
Kent |
|
ME19 4JQ |
Page 1
WILLESBOROUGH WINDMILL TRUST
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025
ThetrusteeswhoarealsodirectorsofthecharityforthepurposesoftheCompaniesAct2006, present
theirreportwiththefinancialstatementsofthecharityfortheyearended31March2025.The trustees
haveadoptedtheprovisionsofAccountingandReportingbyCharities:Statementof Recommended
PracticeapplicabletocharitiespreparingtheiraccountsinaccordancewiththeFinancial Reporting
Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
Objectives and aims
ThepreservationofWillesboroughWindmillforthebenefitofthegeneralpublicandinparticularfor the
residents of the county of Kent,
The working name of the Trust is 'Ashford's Industrial Heritage Museum'.
Public benefit
TheTrusteesconfirmthattheyhavereferredtotheguidancecontainedintheCharity Commission's
generalguidanceonpublicbenefitwhenreviewingtheTrust'saimsandobjectivesandinplanning future
activities.
ACHIEVEMENTS AND PERFORMANCE
Review of the business, incorporating main activities and main achievements and plans for the future
Theyear2024/25hasbeenasuccessfulyearforWillesboroughWindmill.TheMillhasbeenopenfor Mill
ToursfromApriltoOctoberonSaturdays,SundaysandBankHolidayMondaysfrom2-5p.m. and
Wednesday afternoons during July and August.
During the year Wedding and Civil Ceremonies were also celebrated.
TheBarnCaféoperateswhentheMillisopenandsupplies,creamteas,homemadecakesand light
refreshments and is available for bookings for groups tours/teas which take place on a regular basis.
AfullcalendarofSpecialEventsisplannedfortheseasonstartingwithaSpringCoffeeMorningin early
April.AlleventsattheMillareplannedandoperatedbyvolunteerswhogivefreelyoftheirtime and
energy.
TheMillisamemberoftheKent'WheelsofTime'schemewhichencouragesfamilieswithyoung children
tovisitheritagesites/museumsetc.inthelocalareatocollectauniquebadgeateachsite.Thereare 55
sites participating in the scheme which is free to the visitors.
InkeepingwithallbusinessestheWindmillhasseenanincreaseincostsforenergy,maintenance and
cateringsupplies.EveryoneattheMillisawareoftheneedtokeepcosts,especiallyenergycosts, under
control.
MuchworkisdoneinandaroundtheMillbyvolunteersandourthanksgotoallthosewhokeep the
gardensneatandtidyanddothosesmallDIYjobsthatcropupfromtimetotime.OurMillwright, Paul
Kemp,haskeptthemillrunningwithregularmaintenancecheckswhichallowsustoMillona regular
basis.Ourflourissuppliedtovariousfarmshopsinthearea,includingPerryCourt,Pluckleyand Potten
Farm. The flour is also sold in the small shop in the Barn Café.
WorkisbeingcarriedouttodeveloptheHeritageareaoftheMillfield,includingtherefurbishmentof the
Willesboroughlevelcrossingsignalboxandgates;therearealsoplanstore-erecttheKentish ragstone
mortuary building rescued from Willlesborough Cemetery.
Page 2
WILLESBOROUGH WINDMILL TRUST
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025
Fundrasing events planned for 2025 -26 include :
Spring Coffee Morning in April
Cream Tea and Fashion Show in April
Norman Cycles in May
Teddy Bears' Picnic in June
Musical Supper Evening in June
Radio Enthusiasts in July
Heritage and Craft Fair in August
Fun Dog Show in August
Norman Cycles Day in September
Musical Supper Evening in October
Halloween Children's event in October
Christmas Coffee Morning in December
Children's Christmas event in December
All the Trustees and Volunteers look forward to a successful 2026.
FINANCIAL REVIEW
Financial review
Incomefortheyearamountedto£31,269(2024:£30,120)andexpendituretotalled£25,545 (2024:
£22,573).Thisresultedinasurplusfortheyearof£5,724(2024:£7,547)andnetfundsat31 March
2025 of £33,838 (2024 :£28,114).
Reserves policy
TheBoardofManagementhavereviewedthegeneralreservesheldbythecharityandfeelthatthey are
not excessive.
Duringtheyear,TheBoardofManagementhavereviewedthereservespolicyandfeelthatthe general
reservesshouldrepresentatleastoneyear'sexpectedsupportcostswhichwouldamountto £2,400
(2024:£2,400).At31March2025unrestrictedreservesamountedto£15,262(2024: £6,595).
MaintenancecostsaremainlycoveredbytheAnnualMaintenancegrantfromAshfordBorough Council
withotheressentialcostscoveredbyperiodicdonationsfromWillesboroughWindmillEnterprisesLtd and
Friends of Willesborough Windmill.
Designatedfundsat31March2025amountedto£nil(2024:£nil)andfurtherdetailscanbefound on
page 17.
Restrictedfundsat31March2025amountedto£18,576(2024:£21,519)andfurtherdetailscan be
found on page 16.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
Thecharityiscontrolledbyitsgoverningdocument,adeedoftrust,andconstitutesalimited company,
limited by guarantee, as defined by the Companies Act 2006.
Page 3
WILLESBOROUGH WINDMILL TRUST
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025
STRUCTURE, GOVERNANCE AND MANAGEMENT
Organisational structure
WillesboroughWindmillTrustwasincorporatedasacompanylimitedbyguarantee,exemptunder section
30,andnothavingasharecapitalundertheCompaniesAct1985on7April1992asamended 13
January 2021 and is a registered charity, number 1022810.
Governance and management
TheBoardofManagementofWillesboroughWindmillTrustareresponsibleforthegeneralcontrol and
managementoftheadministrationofthecompany.TheaffairsofWillesboroughWindmillTrustshall be
managedbytheBoardofManagement.ThenumberofmembersoftheBoardshallnotbelessthan two
nor more than eight.
The members of the Board of Management during the year were as follows :
C George - resigned 23.10.25
A D Terry
E Crouch
C Drury
J White
F Brann
ThecompanyhasnosharecapitalandthemembersoftheBoardofManagementhavenointerestin its
surplus or assets and receive no remuneration.
Appointment of the Board of Management
TheBoardofManagementmayatanytimeappointanyperson(beingamemberoftheTrust)tobe a
memberoftheBoardofManagementeithertofillacasualvacancyorasanadditiontothe existing
membership.
Inaccordancewiththecompany'sArticlesofAssociation,CDruryretiresbyrotationfromtheBoard of
Management and, being eligible, offers himself for re-election.
Pay policy for key management personnel
TheBoardofManagementconsiderthattheycomprisethekeymanagementpersonnelofthecharity in
chargeofdirectingandcontrolling,runningandoperatingthecharityonadaytodaybasis.AllBoard of
Management members give of their time freely and no member received remuneration in the year.
Risk management
TheBoardofmanagementhaveexaminedthemajorstrategic,businessandoperationalriskswhich the
charityfacesandconfirmthatsystemshavebeenestablishedtoenablethecharitytolessenor mitigate
those risks.
PhysicalrisksattheMillhavebeenassessedandstepstakentomitigatethesewherepossible.TheMill is
ofcoursefullyinsured.TheMillisequippedwithfireextinguishersandsmokedetectors,good lighting
andemergencylighting.VisitorstotheMillarealwaysaccompaniedbyatrainedMillGuide. Risk
assessments have been carried out as necessary to define mitigation.
Withregardstofinancialrisks,theFriendsofWillesboroughWindmill,inconjunctionwiththeTrust, open
theMillforsevenmonthsofeachyearandholdeventstoraiseadditionalfunds.Theyalsooperate a
smallcaféonsite.TheseactivitieshelpbridgethegapbetweentheCouncilGrantandthecost of
repairs/refurbishment of the Mill. Where possible other Grants are obtained to carry out specific projects.
Approved by order of the board of trustees on 3 December 2025 and signed on its behalf by:
Ms F Brann - Secretary
Page 4
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF
WILLESBOROUGH WINDMILL TRUST
Independentexaminer'sreporttothetrusteesofWillesboroughWindmillTrust ('the
Company')
IreporttothecharitytrusteesonmyexaminationoftheaccountsoftheCompanyfortheyear ended
31 March 2025.
Responsibilities and basis of report
Asthecharity'strusteesoftheCompany(andalsoitsdirectorsforthepurposesofcompanylaw)you are
responsibleforthepreparationoftheaccountsinaccordancewiththerequirementsoftheCompanies Act
2006 ('the 2006 Act').
HavingsatisfiedmyselfthattheaccountsoftheCompanyarenotrequiredtobeauditedunderPart16 of
the2006Actandareeligibleforindependentexamination,Ireportinrespectofmyexaminationof your
charity'saccountsascarriedoutunderSection145oftheCharitiesAct2011('the2011Act').In carrying
outmyexaminationIhavefollowedtheDirectionsgivenbytheCharityCommissionunder Section
145(5) (b) of the 2011 Act.
Independent examiner's statement
Ihavecompletedmyexamination.Iconfirmthatnomattershavecometomyattentionin connection
with the examination giving me cause to believe:
1. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or
4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).
Ihavenoconcernsandhavecomeacrossnoothermattersinconnectionwiththeexaminationto which
attentionshouldbedrawninthisreportinordertoenableaproperunderstandingoftheaccountsto be
reached.
David Ashby FCCA ACA
Gibbons Mannington & Phipps LLP
Chartered Accountants
82 High Street
Tenterden
Kent
TN30 6JG
10 December 2025
Page 5
WILLESBOROUGH WINDMILL TRUST
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025
Unrestricted
Restricted
fund
funds
Notes
£
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
2
18,200
7,000
Investment income
3
6,002
67
Total
24,202
7,067
EXPENDITURE ON
Charitable activities
4
The Preservation of the Willesborough
Windmill for the benefit of the general
public.
15,535
10,010
NET INCOME/(EXPENDITURE)
8,667
(2,943)
RECONCILIATION OF FUNDS
Total funds brought forward
6,595
21,519
TOTAL FUNDS CARRIED FORWARD
15,262
18,576 |
2025
Total
funds
£
25,200
6,069
31,269
25,545
5,724
28,114
33,838 |
2024
Total
funds
£
22,600
7,520 |
|
|
30,120 |
|
|
22,573 |
|
|
7,547
20,567 |
|
|
28,114 |
The notes form part of these financial statements
Page 6
WILLESBOROUGH WINDMILL TRUST
BALANCE SHEET 31 MARCH 2025
Unrestricted
Restricted
fund
funds
Notes
£
£
FIXED ASSETS
Tangible assets
8
83
-
Investments
9
1
-
84
-
CURRENT ASSETS
Cash at bank
17,497
18,576
CREDITORS
Amounts falling due within one year
10
(2,319)
-
NET CURRENT ASSETS
15,178
18,576
TOTAL ASSETS LESS CURRENT
LIABILITIES
15,262
18,576
NET ASSETS
15,262
18,576
FUNDS
11
Unrestricted funds
Restricted funds
TOTAL FUNDS |
2025
Total
funds
£
83
1
84
36,073
(2,319)
33,754
33,838
33,838
15,262
18,576
33,838 |
2024
Total
funds
£
98
1
99
29,581
(1,566)
28,015
28,114
28,114
6,595
21,519
28,114 |
|
|
|
ThecharitablecompanyisentitledtoexemptionfromauditunderSection477oftheCompaniesAct 2006
for the year ended 31 March 2025.
Themembershavenotrequiredthecompanytoobtainanauditofitsfinancialstatementsforthe year
ended 31 March 2025 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.
Thesefinancialstatementshavebeenpreparedinaccordancewiththeprovisionsapplicableto charitable
companies subject to the small companies regime.
ThefinancialstatementswereapprovedbytheBoardofTrusteesandauthorisedforissue on
9 December 2025 and were signed on its behalf by:
J R White - Trustee
The notes form part of these financial statements
Page 7
WILLESBOROUGH WINDMILL TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
Thefinancialstatementsofthecharitablecompany,whichisapublicbenefitentityunderFRS 102,
havebeenpreparedinaccordancewiththeCharitiesSORP(FRS102)'Accountingand Reporting
byCharities:StatementofRecommendedPracticeapplicabletocharitiespreparingtheir accounts
inaccordancewiththeFinancialReportingStandardapplicableintheUKandRepublicof Ireland
(FRS102)(effective1January2019)',FinancialReportingStandard102'TheFinancial Reporting
StandardapplicableintheUKandRepublicofIreland'andtheCompaniesAct2006.The financial
statementshavebeenpreparedunderthehistoricalcostconvention,withtheexception of
investments which are included at market value.
Group accounts exemption
ThefinancialstatementscontaininformationaboutWillesboroughWindmillTrustasan individual
companyanddonotcontainconsolidatedfinancialinformationastheparentofagroup. The
charityisexemptunderSection399(2A)oftheCompaniesAct2006fromtherequirements to
prepare consolidated financial statements.
Judgements and key sources of estimation uncertainty
Accountingestimatesandjudgementsarecontinuallyevaluatedandarebasedon historical
experienceandotherfactors,includingexpectationsoffutureeventsthatarebelievedto be
reasonable under the circumstances. There are no areas of judgment or key estimations.
Useful economic lives of tangible assets
Theannualdepreciationchargefortangibleassetsissensitivetochangesintheestimated useful
economiclivesandresidualvaluesoftheassets.Theusefuleconomiclivesandresidualvalues are
reassessedannually.Theyareamendedwhennecessarytoreflectcurrentestimates,based on
technologicaladvancement,futureinvestments,economicutilisationandthephysicalcondition of
the assets.
Income
AllincomeisrecognisedintheStatementofFinancialActivitiesoncethecharityhasentitlement to
the funds, it is probable that the income will be received and the amount can be measured reliably.
VoluntaryincomeincludingdonationsandgiftsisincludedintheStatementofFinancial Activities
when receivable.
Investment income is included when receivable.
RentalincomeisincludedintheStatementofFinancialActivitiesintheyearinwhichit is
receivable.
IncomefromgrantsisincludedintheStatementofFinancialActivitiesintheyearinwhichit is
receivable.
Governmentgrantsarerecognisedatthefairvalueoftheassetreceivedorreceivablewhen there
isreasonableassurancethatthegrantconditionswillbemetandthegrantswillbereceived. A
grantthatspecifiesperformanceconditionsisrecognisedinincomewhenthe performance
conditionsaremet.Whereagrantdoesnotspecifyperformanceconditionsitisrecognised in
incomewhentheproceedsarereceivedorreceivable.Agrantreceivedbeforethe recognition
criteria are satisfied is recognised as a liability.
Expenditure
Liabilitiesarerecognisedasexpenditureassoonasthereisalegalorconstructive obligation
committingthecharitytothatexpenditure,itisprobablethatatransferofeconomicbenefits will
berequiredinsettlementandtheamountoftheobligationcanbemeasuredreliably. Expenditure
isaccountedforonanaccrualsbasisandhasbeenclassifiedunderheadingsthataggregate all
costrelatedtothecategory.Wherecostscannotbedirectlyattributedtoparticularheadings they
have been allocated to activities on a basis consistent with the use of resources.
continued...
Page 8
WILLESBOROUGH WINDMILL TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025
1. ACCOUNTING POLICIES - continued
Expenditure
Charitableexpenditurecomprisesthosecostsincurredbythecharityinthedeliveryofits activities
andservicesforitsbeneficiaries.Itincludesbothcostsallocateddirectlytosuchactivities and
those costs of an indirect nature necessary to support them.
Governancecostsincludethoseincurredinthegovernanceofthecharityandare primarily
associated with constitutional and statutory requirements.
Tangible fixed assets
Depreciationisprovidedatthefollowingannualratesinordertowriteoffeachassetover its
estimated useful life.
Short leasehold Improvements- Straight line over 10 years
Equipment, Fixtures & Fittings- 15% on reducing balance
Donated assets- 15% on reducing balance
Taxation
The charity is exempt from corporation tax on its charitable activities.
Fund accounting
Unrestrictedfundscanbeusedinaccordancewiththecharitableobjectivesatthediscretionof the
trustees.
Restrictedfundscanonlybeusedforparticularrestrictedpurposeswithintheobjectsof the
charity.Restrictionsarisewhenspecifiedbythedonororwhenfundsareraisedfor particular
restricted purposes.
Designatedfundsrepresentfundssetasidebythedirectorsforspecificprojects.The designated
fundbalancehasbeenrepresentedtoensurethatfundbalancestatedaccuratelyreflects the
designation policy adopted by the Trustees.
Furtherexplanationofthenatureandpurposeofeachfundisincludedinthenotestothe financial
statements.
Debtors and creditors receivable/payable within one year
Debtorsandcreditorswithnostatedinterestrateandreceivableorpayablewithinoneyear are
recorded at transaction price.Any losses arising from impairment are recognised in expenditure.
Going Concern
ThefinancialstatementshavebeenpreparedonagoingconcernbasisastheTrusteesbelieve that
nomaterialuncertaintiesexist.TheTrusteeshaveconsideredtheleveloffundsheldand the
expectedlevelofincomeandexpenditurefor12monthsfromauthorisingthese financial
statements.Thebudgetedincomeandexpenditureissufficientwiththelevelofreservesfor the
charitytobeabletocontinueasagoingconcern.TheTrusteeshaveputinplaceplansto mitigate
risksarisingfromCovid-19.Thecharityhasutilisedgovernmentmeasureswhichhave been
introduced to assist through the current crisis, such as the Small Business Grant Fund.
continued...
Page 9
WILLESBOROUGH WINDMILL TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025
2.
DONATIONS AND LEGACIES
Donations
Grants
Grants received, included in the above, are as follows:
Ashford B C -Maintenance of the Windmill
Ashford B C- Administrative costs
3.
INVESTMENT INCOME
Rents received
Deposit account interest
4.
CHARITABLE ACTIVITIES COSTS
Direct
Costs
£
The Preservation of the
Willesborough Windmill for the
benefit of the general public.
23,671
5.
NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
Depreciation - owned assets |
2025
£
16,200
9,000
25,200
2025
£
7,000
2,000
9,000
2025
£
5,288
781
6,069
Support
costs
£
1,874
2025
£
15 |
|
2024
£
13,600
9,000 |
2024
£
13,600
9,000 |
|
|
|
22,600 |
|
|
|
|
2024
£
7,000
2,000
9,000
2024
£
6,963
557
7,520
Totals
£
25,545 |
2024
£
7,000
2,000 |
|
|
|
|
9,000 |
|
|
|
|
2024
£
6,963
557 |
|
|
|
|
7,520 |
|
|
|
2024
£
17 |
|
6. TRUSTEES' REMUNERATION AND BENEFITS
Therewerenotrustees'remunerationorotherbenefitsfortheyearended31March2025nor for
the year ended 31 March 2024.
Trustees' expenses
Therewerenotrustees'expensespaidfortheyearended31March2025norfortheyear ended
31 March 2024.
continued...
Page 10
WILLESBOROUGH WINDMILL TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025
7. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
fund
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
15,600
Investment income
7,172
Total
22,772
EXPENDITURE ON
Charitable activities
The Preservation of the Willesborough
Windmill for the benefit of the general
public.
22,573
NET INCOME
199
RECONCILIATION OF FUNDS
Total funds brought forward
6,396
TOTAL FUNDS CARRIED FORWARD
6,595
8.
TANGIBLE FIXED ASSETS
Short
Equipment,
leasehold
Fixtures
Improvements
& Fittings
£
£
COST
At 1 April 2024 and 31 March 2025
16,564
3,087
DEPRECIATION
At 1 April 2024
16,564
2,994
Charge for year
-
14
At 31 March 2025
16,564
3,008
NET BOOK VALUE
At 31 March 2025
-
79
At 31 March 2024
-
93 |
Restricted
funds
£
7,000
348
7,348
-
7,348
14,171
21,519
Donated
assets
£
500
495
1
496
4
5 |
Total
funds
£
22,600
7,520
30,120
22,573
7,547
20,567
28,114
Totals
£
20,151
20,053
15
20,068
83
98 |
Total
funds
£
22,600
7,520 |
|
|
|
30,120 |
|
|
|
22,573 |
|
|
|
7,547
20,567 |
|
|
|
28,114 |
Shortleaseholdimprovementsamountingto£7,683,representimprovementstotheWindmill prior
tothegrantingofanew25yearleaseon1April2002.Theyhavebeenwrittenoffoverthelife of
the previous lease.
Additionalimprovements,totalling£8,881,aretobewrittenoffoveranexpectedusefullifeof 10
years.
continued...
Page 11
WILLESBOROUGH WINDMILL TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025
9. FIXED ASSET INVESTMENTS
FIXED ASSET INVESTMENTS |
|
|
Unlisted |
|
investment |
|
£ |
MARKET VALUE |
|
At 1 April 2024 and 31 March 2025 |
1 |
NET BOOK VALUE |
|
At 31 March 2025 |
1 |
At 31 March 2024 |
1 |
There were no investment assets outside the UK.
The company's investments at the balance sheet date in the share capital of companies include the
following:
Willesborough Windmill Enterprises Ltd
Registered office:
%
Class of share:
holding
Ordinary
50
Aggregate capital and reserves
Profit for the year
10.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Other creditors
Accruals and deferred income
11.
MOVEMENT IN FUNDS
At 1/4/24
£
Unrestricted funds
General fund
6,595
Restricted funds
Ashford Borough Council Maintenance
Fund
18,711
NHMF Lottery Fund
2,808
21,519
TOTAL FUNDS
28,114 |
31/3/25
£
15,224
9,371
2025
£
450
1,869
2,319
Net
movement
in funds
£
8,667
(3,010)
67
(2,943)
5,724 |
31/3/24
£
5,853
2,932
2024
£
450
1,116
1,566
At
31/3/25
£
15,262
15,701
2,875
18,576
33,838 |
|
|
|
continued...
Page 12
WILLESBOROUGH WINDMILL TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025
11. MOVEMENT IN FUNDS - continued
Net movement in funds, included in the above are as follows:
Unrestricted funds
General fund
Restricted funds
Ashford Borough Council Maintenance
Fund
NHMF Lottery Fund
TOTAL FUNDS |
Incoming
resources
£
24,202
7,000
67
7,067
31,269 |
Resources
Movement
expended
in funds
£
£
(15,535)
8,667
(10,010)
(3,010)
-
67
(10,010)
(2,943)
(25,545)
5,724 |
|
|
|
Comparatives for movement in funds
|
|
Net |
|
|
|
movement |
At |
|
At 1/4/23 |
in funds |
31/3/24 |
|
£ |
£ |
£ |
Unrestricted funds |
|
|
|
General fund |
6,396 |
199 |
6,595 |
Restricted funds |
|
|
|
Ashford Borough Council Maintenance |
|
|
|
Fund |
11,424 |
7,287 |
18,711 |
NHMF Lottery Fund |
2,747 |
61 |
2,808 |
|
14,171 |
7,348 |
21,519 |
TOTAL FUNDS |
20,567 |
7,547 |
28,114 |
Comparative net movement in funds, included in |
the above are as follows: |
|
|
|
Incoming |
Resources |
Movement |
|
resources |
expended |
in funds |
|
£ |
£ |
£ |
Unrestricted funds |
|
|
|
General fund |
22,772 |
(22,573) |
199 |
Restricted funds |
|
|
|
Ashford Borough Council Maintenance |
|
|
|
Fund |
7,287 |
- |
7,287 |
NHMF Lottery Fund |
61 |
- |
61 |
|
7,348 |
- |
7,348 |
TOTAL FUNDS |
30,120 |
(22,573) |
7,547 |
continued...
Page 13
WILLESBOROUGH WINDMILL TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025
11. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined position is as follows:
|
|
|
Net |
|
|
|
|
movement |
At |
|
At 1/4/23 |
|
in funds |
31/3/25 |
|
|
£ |
£ |
£ |
Unrestricted funds |
|
|
|
|
General fund |
|
6,396 |
8,866 |
15,262 |
Restricted funds |
|
|
|
|
Ashford Borough Council Maintenance |
|
|
|
|
Fund |
11,424 |
|
4,277 |
15,701 |
NHMF Lottery Fund |
|
2,747 |
128 |
2,875 |
|
14,171 |
|
4,405 |
18,576 |
TOTAL FUNDS |
20,567 |
|
13,271 |
33,838 |
Acurrentyear12monthsandprioryear12monthscombinednetmovementinfunds,included in
the above are as follows:
Unrestricted funds
General fund
Restricted funds
Ashford Borough Council Maintenance
Fund
NHMF Lottery Fund
TOTAL FUNDS |
Incoming
Resources
Movement
resources
expended
in funds
£
£
£
46,974
(38,108)
8,866
14,287
(10,010)
4,277
128
-
128
14,415
(10,010)
4,405
61,389
(48,118)
13,271 |
|
|
TheAshfordBoroughCouncilMaintenanceFundisforthepurposeofmaintenanceofthe Windmill.
£7,000 is received each year, for 25 years, from Ashford Borough Council.
TheLotteryFundisrestrictedtothepurchaseofnewsweepsandatotalof£35,000was initially
awarded.
12. RELATED PARTY DISCLOSURES
CertainmembersofthecompanyarealsomembersofTheFriendsofWillesboroughWindmill. Any
surplusarisingfromthetradingactivitiesofTheFriendsofWillesboroughWindmillisdonated to
the company in accordance with The Friend's Rules.
Duringtheyear£11,000(2024:£13,150)wasreceivedfromTheFriendsof Willesborough
Windmill.
CertainmembersofthecompanyarealsodirectorsofWillesboroughWindmillEnterprisesLtd. Any
surplusarisingfromthetradingactivitiesofWillesboroughWindmillEnterprisesLtdisgiftedto the
company.
During the year £nil (2024: £nil) was received from Willesborough Windmill Enterprises Ltd.
continued...
Page 14
WILLESBOROUGH WINDMILL TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025
13. COMPANY STRUCTURE
Thecompanyisacompanylimitedbyguaranteeandnothavingasharecapital.Everymember of
thecompanyundertakestocontributeinawindingupasumnotexceeding£1whilsttheyare a
member,orwithinoneyearafterceasingtobeamember,towardsdebtsandliabilities contracted
beforeceasingtobeamember.AllmembersofthecompanyarealsomembersoftheBoard of
Management.
Page 15