``` 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 ```