IIOMSE,Y MII,L fRUSI' CON801,IDA'I'I:,I) IIE'POII'I" AND I,'INANCIAL S'I'A"fLML,'N'I',% I,'OR 'fKi YF.AR I-NDI=,D 3 1ST MAIICI12024
11()MSEY MILL TRUST C()NSOLIDA fED fNANCIAL SI"ATEMENTS I", OII'I'FIP. YF.AR LNDED 31 s'r MARCFI 2024 LONTbNI'S: Board of Management Report AudÈtoVs Report 19-21 Collsolidated Staterneiit oFFinallcial Activities 22 Consolidated Baldnce Sheet 23 Charity Balance Slieet 24 Consolidated Stalernent of Cash flows 25 Notes lo the financial Statemenls 26-34 Linked Company: Card C,offee l.imited., 11901327 (Lngl¢tnd and Wdles) Principal Addi'css and Registored 0]¢¢.. liomsey Mill Centre Heiniiigford Road Cambridge C1313B/, Bankers.. Natwest Banli l i17Joy Street. Branch 36 1,'il/ioy %trccl C11 nibridge C,Bl Ifiw Nalionwidc Buildiiig 8ociety Kings Park Road Moulton l)arlc Northampton NN3 6NW CAI- Bank Lld 25 Icings Ilill Avenu¢ Iciiigs IIill West Malling lCLlIt ME19 4JQ 'I'he Cambridge Duilding Soeiely PO Box 232 5 1 Newinarket Iload Cainbridge CB5 81ir ALiditors: Prentis & Co LLP Chartcred Accountanls StAtLltory Aiidiloi 115c Milton Rodd CambridgL CE34 Ixr, Solicilors.. Ashlons Legal Chbqiiers I-louse 77-$ l Newinqc rk¢t Road CambTidgc CE35 8EIJ Ilegistci'ed Charity NurnbeT'. 1069905 Ilegistered Coinpany NuinbLr- 03556721
ROMSEY MILL TRUST PAGE I BOARD OF MANAGEMENT REPORT FOR THE YEAR ENDED 3 1ST MARCH 2024 The trustees are pleased to present their annual Board of Management Report together with the financial statements of the charity for the year ending 31st March 2024 whicb are also prepared to meet the requirements for a directors, report and accounts for Companies Act purposes. The fanCIal statements comply with the Charities Act 2011, the Companies Act 2006, the Memorandum and Articles of Association, and Accounting and Reporting by Ch&rities.' Statsment of Recommellded Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UIC alld Republic of Ir¢land (FRS 102) issued October 2019 (effective I" January 2019). BACKGROUND Romsey Mill is a CanLbridge based cliarity dedicated to creating opportunities with young people, children, their families, and local conununities iii Cambridgeshire and Peterborough. fiounded in 1980 &s an expression of Christian faidi in action, Romsey Ntill initially provided community centre facilities and activities for young people, families, and the wider cotnmunity. In 1998, it was fomlally cstablished as a charilablo company under tILe name Romsey Mill Trust. Today, the Romsey Mill tearn is a]ongside fatllilies with pre-school children, teenage mothers and young fathers, and cbildren and young people facing multiple life challenges and experiencxng significant diSadv]tage5. AdditRonally, Rornsey Mill collaborates with and provides support, guidance, and training to various community groups and organisations. Roinsey Mill creates a wide range of opportunities airned at fostering relationships and cornn]unity connections, developing positive activities, providing piactical and emotional support., facilitating learning and skill development, promoting equity and participation, and nurturing cotnpassion, well-being, and hope. DIRFCTORSITRUSTEES 'lThe directors of the charitable company (the charity) are ils Trustees and are collectively referred to as the Board of Managernent (the Board). The members of the Board of Managemait dui'ing the y¢ar were as follows,. Alistair Bary Cara Cooper Julian Hildersley Kim Pear50n T1 Phipps (Tnterim Chair of Trustecs) Angela Single Nigel Taylor Colin Makin LEADERSHIP & IIL4NAGEMF.NT Neil Perry (Chief Executive Ol¢Cr and Company Secretary) James Bennett (Programme Manager) Diantt Hioks (Opeiztions & Resources Manager) Neil Thompson (fundraising & Cornmutllcations Manager) OBJECTIVES, ACTIVffJLS AND PUBLIC BENEFrr Romsey Mill's Vision, Mission and Objects.. Roms¢y Mill's vision is of transformed society where all young people, children, and families fully belong, positively contribute, and thrive. Working to ake this vision a reality, the mi55ion and intcnt of Romsey Mill is to create opportunities with young people and f&inilies to oveicome disadvantage, promote inclusion attd develop pu'sonal, social, spirilual wellbeing.
ROMSI-Y MII.L I"RUS BOARD or MANAGLMENI. IIEPOR'I, FOR TI-IB YEAR I-,NDED 3 1ST MAIICH 2024 Ilomsey Mill's vision for the futur¢ dnd purpos¢ in tli¢ pr¢sent di'e illspifLd by b6liLf,q and vdlucs coming from Chi'istian faith, We woi-k opeiily and incliisively with people of ]Y faith and ()f none. Ilomsey Mill's cliaritablc ObjLcts, as set out. Én our M¢mor¢indum of Association dr¢: (a) Tu advai)ce education. (b) To promote good citizenship for the public benefLt with die coinmitment to promote equal oppoi'tiinili¢s for those individuals and groups who cncounter discrimination (c) To advancc the Christian faith (d) I'o provide help, ÉidviLe, and positive support to I'hose in econoniic or other nccd oi. hardship (c) 'I'o prom()t¢ and fulfil such otber charilable pui'POSLS as the 'l'rustees may from lime-to-tim¢ tliiiik Fit, 'I'he Lurrent geograpKical focus of our cliaritablc work is Cainbi'idgeshire and Pelerborough. Froin tiiiie to tiine, we also provide some training and developm¢nt opportuiiitics t'o organisations and people living in other paris of the United Kingdum. l>rincipal Aim5 & Activil'its: 'I'o fulfil our charitable objeclives Roinsey Mill places rela(ion8hips aL the core of Qui. identity aiid (Ictivilies. Commitlcd to ovcreoming disadvantage Éind iinproving opportvnitses for yoiing people, childrcn, and fjainilies, we collaboi'ate to foster more connected and resilient comn]unities. We engage with part'iClP£1nts in diversc and flexible W<tys, tailored to their needs. lior 'familics with young children, incliiding t'eenage pairnts, our services Lncumpass eai'ly ye(8 care and cducation, parenl'ing support at home (iiid in cominunity seltings, and illforrn1ition, advice, and guid(Ce un i55u6s sucII Iiousiiig and liniincial suppi)i-l. Wo al80 provid¢ ¢idult ILurning and lifc skills LOLWYLS. ror young people, including a venlure specifically for &utistiL youiig p¢oplL, our activities include delacl)od, ailDred, aiid open-access youth woi'lc, schDol outi-cach, one-oii-oiiL aiid siiiall giDup mciitoring, (iiid iiilLrLsl- based activities siich 7£ s arts, InusiL, miisic I'Lchnology, and sports. We also pi'ovide alternative Gdiicat'iork aijd vocational cours¢8, as well as Icisure, ciill'uraj. and OLltdooT re,4i(lenlial experiences. Togcth¢r wit'h our ptirticiptin15' and partncrs, wc arL co-crcaliiig and conl'iiiiioiisly developing our programmcs. We strive to dcvelup facililies that serve as local bubg of welcome, belonging, and piirpose. Dui'iiig tlie April 2023 to March 2024 fiiianLial yLai', R<)Ingey Mill made significani pro&yress ill OUT charitable work rosS th6 following tcam5 ld are(ts'. Pre-school.. supporting fdmiliLs by providing care and education for childi'cn from thc terin aftcr Iheir second birtli unlil they start iiursory or rec¢piion class ai prin]Y school. Oper(Iting from OUT two purpose-de5igned, Ofslcd-regislered settings, LhildrLn tlirive througli QT¢ative plily ld shared activities. Oiii. Larly YeELfs C¢ e <ind cducation focu.8 on coiiimunical'ion and laiiguagc, physical development, personal, social , ¢ind emotion¢il growth, lilcracy. mdthcni&tics. uiidLrstallding the world, and expressive arLs and desi&Fn. Youiig Parents.. caring for tceiiagc and young parcnts. (first-time miiins agcd 19 and uiider, (Iiid dads up to 25) living in C1)rIdg and imincdidte &ui'i'OLinding aieits. We gave specialist pcrsonal, edtL¢alional, l)calth, and par¢nl'ing 8UPPOTL, including ddviGe on housing, fin]Ge,8, cducalion, and LIMploymbnL to equip young pareiit8 c1nd t'lioir cliildrcn for posilivi I'ulures, We also iindLitool< w()I'k io iinprovL the suppoirt available to young Plc Iriils across CambridgesliirL. Aspire- eiigagiiig with and supporling autistic young peoplc clged 9 - 18 + years. Autism i.q a lifelong developinental disability thal cffccls LoinniuniLalion 2tnd interaction. Our teain provides soeidl speS, positive g1'0llP dctivitios, and mcnloiing io help develop life slcills. Wc also support U]e parents of aLilistlC yQLiiig pc<)plc, liaise wilh education iiiid social cat'e profcssioiials, and signposi fuiT)ilies lo udditioiia] i-osourccs adviue.
ROM%EY MII.L IRIJS'F PAGI- 3 BOARD OF MANACJf.MfNI' Ilb,POR I. FOR I"FIF, YEAR ENDED 31 s'r MAIICII 2024 Youth l)evelopmenl'. nwturing supportive r¥lalionships with 13-25-year-olds fdcing 5Lgoificant life challciiges, co-creating positive activiti¢5, and vf.fering advice, sl(ills developmenl, ]d gLiidiillC¢ toward5 education, training? and employni¢nt. Our Yoiith Developinent I'eam'.% WOTk integ'rates cornmunily-based aLtivitiQs, youib-lod pi'oj¢d.%, viio-oii-ontr yuppoil uid mcntoi-illg, 4tlteriic1tive educdtion in partncrship with SLhools, and pei-sonal ]d spiritiial devclopmciit iiiiliativcs in collaboration with IoLal churchcs. We ils(J providc post-16 and post-19 progression support and guid4ince. Coniinunity DevLlopinent: Roinsey Mill fostcrs i'elationally connected communil'ios by encouraging. and facilitating coinmunity incmbeTh lo come togeiher and devolop iniliativ¢s th&l address cominoii Lhall¢nges. We manage cominunity buildings and lacilities that are open lo the general piiblic. We a]so operate social entenSeS th(It ofl".er a variety of volunl'¢ering and trainiiig opportunities. We operalc from various coinmunity buildings aiid facilities across Cainbridge, I'he Soutli cnbrIdg¢ShiTe districl, and HllptOll (P¢t¢rborough). Tho IlonisLy Mill C¢ntsr, located in Cainbridge city, servcs as the main 01CC for our team, Roinsey Mill's work is supportcd by,. Fin£incial and in-kind donatÉOllS from individuals) 0UpS, org<]satiOnS and bu,qincsscs. Grants from trusl8 and foundalions. Statutory grants and coiitraclg. Mill's owii 'eiiterprise iiicoine,, which include5 SOCLal enleiprise (Iclivitics suGlI as ts'aining ¢ourses, a charity relail shop off¢ring affordabl¢ ¢loihing und liouschold iteins, a cominunity- ruli cocfee sliop, and the liirc ol Ineeting roDms <uid other lacilities. Most o'f our activities and seryiccs are offered .free of diarge to participants,. for activitses witEL a chai'g'e, concessions are available for diose iii fmancial neod. Ilomsey Mill aLtively cngagos in both stiuctLired and infoi'inal partnerships with a broad ra1)ge of groups and organisations. These include other volunlary organisations, churches, schools, colleges, universities, COimiT]unily-led groups, Ioc¢il busiiiesscs, largbr Comp]ies, looal authorities, ]d otli¢r public s¢¢loi' bodies. 'lThese parlnersliips endble us to engage inoi'L Lifectivcly with yoiing. pLople, chilth'Ln, and familiLS, aiid lo cn11£ ce cornmunity CaPdCLty and resilience. tatT Riid Voluiitcers: On 31 hlarch 2024, the Romsey Mill saliled stalf tcatn comprised 60 employees (previous year - 61): 19 full-time (previous y¢ar 18). 41 p-time (prcvioLiS Ye - 43}. with a full-tsmc-Lqu.ivalbnt 0136.5 s1alT Inembers (previous yLar- 37.6). Ijcople volunteei'iiig with Runisey Mill (illLludin&7 ill<1ny coming. fi'orn tlie comillunities we suppoi't) enable maiiy progTamrrLe activities and help underpin Olir opei'ations 11nd lundraising> In 2023-24 Ye-, Kuinsey Mill benefiied froni the active involven]ent of.. K37 regular volunteers (previous y¢ar'. 136). 7 volunlcers for oiii-off Lvcnts, (piiviou5 yLdr: 13). 9 sludents 0]] worlc exporiencc pldLemcnts (pi-cvious year.. 5). 12 youiig people voluntcLriiig)' as Pdl'l of theii. PtiCipalI0n in 'll]e Duke of Ldinbui'gh's Award prograinmes (previous yoai.: 10). 9 IioinsLy Mi'lls th'usteos/comp(my diTeclors, all giviiig their timc, expei'ieiice, 1£ nd slcill on a volulll-dry b(ISLS. Public Bcncfit Statelt. lil I'eviewiiig Rom8ey Mill activities aTrid outeome,% and developiLig' future plans, tlie 'lTUStees hcive considered tlie Idlest iipdates to the Charity Coinmission's guidanc¢ on public benetit. The I'ru5lees specifically assess how plarm¢d actLVlties (ilign with Koiiisey Mill's aijns aiid objtstitives. Additionally, tlie Board periodically ic- evalLiates tlie charity's strategic prioi-ilies to cnsLlI-e thcy address cuirLiit iiLeds and retnain dliL)ned wit'h the
ROMSEY MILL TRUST PAGE 4 BOARD OF MANAGEMENT REPORT FOR THE YEAR ENDED 31 ST MARCH 2024 ChltY,8 stated purposes, The 'Achievements and Perforniance, section of tllls report summarises how Ron]sey Mill'8 activities have benefited a broad range of peopl¢, Achievements and Performance Ibis Section of the report covers general aceVeetS and perfomiance in 2023-24 as well as progre88 against the specific objectives Set. Advanclng education: During the year, across our two Pve-school eare and education settings (one at Romsey Mill Centre and the other at Ross Street Community Centre), we had 56 children on register (previous year., 61). Of these 17 Children were eligible during the year for the 2-year-old ndIng entitletnent for disadvantaged familie8 (previous year: 14). F&n]ilie8 of 28 children were in receipt of the Govenunent's three-year-old funding grant (previou8 yoar: 34). Sessions for I I children within our settings required the payment of fees by their families (previous ye- 13). Romsey Mill's Young Parents Progr(unme (YPP) experienced a reduction in team capacity due to the dep&rture of our Coordillator and Young Fathers Development Worker part-way through the year, Tbis led to a decrease in our one-to-one oas¢load of young parentg, which in tl affected the number of young parents participating ill course8, Additionally, we were unable to run the Mum'8 Matter Course in partnehTlllP with CPSL Mind as we bad done in the previous year. Despite these challenges, we achi¢v¢d the following education and learning activities and outcomes.. Our YPP teatn delivered the following Courses: Sbine personal development course (Summer .23) with 6 young mumg enrolled and 4 of those ompleting. Healthy Cooking on a budget (AULUn '23) with 9 young enrolled and 7 of those ¢on]pleting. Bronze Ar18 Awards (ill conjunction with the Fitzwilliam hluseum, Spring '24) with 8 young nun]s enrolled and 5 of thotie completing. A Creative Play Course was also offered with a coiiple of young parentg attending sessions. YPP also delivered 3 distinct training sessions on itnprnving 7age1nent and support fDf yDung parents to learners for a rallge of organisatio1.. NCTIMind- 12 learners Barnardo's- 14 learners Centre 33 - 7 learners Antenatal Provision.. during the year we ran 4 in-persoii antenatal courses with a rther course delivered I:1 during Spring 2024 (wheii the number of expectsnt youllg parents expecting was lower). In total we provided antenatal support for 23 young parents (previous y¢ar,' 28) acr088 th¢ ¢ours¢8 that we ran. We held tlyee a¢cident prevention fst aid sessions which were attended by 5 dads (previous year,. 10) and l2 mums @revious year: 14). YPP offers intensive support itl personal, social, edwational, healtlL and parenting area8, aimllig to equip young parents and their children for positive hlre8. Our approach is long-tenll, relational, and needs-l¢d, with the fatnily at tbe centre of our woilc. The courses we deliver help individuals reignite their passion for learning [d progress, boost their confidettce in their own abilitie8, fflth2tnce employability skills such as comn]unication ]d work attitude, and overcome barri¢r,8 to fulure employment and education. Our Youth Development Te(un (YDT) created infornial edlicational opportunititrs with young people within several contexts.. Regular open access youth worlc and smaller bespoke groups in QUT own facilities and variou8 other community spaces.
ROMSI-,Y MtLI. I'RIJSI,
140ARD or fvfANAGL4ME,VI' RLPOIIT
FOR I"HF YEAR ENDED 31 s'r MAIICF12024
One-to-one and group s¢ssion8 in partheryhip witli local secoiidary stihools and an alternative education
centre.
Lean)ing outside thc cla55room through trips and at acttvity centre8.
SpeLific Projccts such as Youtb Miisic woi'lc whicli iiicludcd anotlier succcssful B¢ats, Trials and
'I'ribulatioiis PTOjCLt with Ihe Lambi'idge JuLicI'ioi), Qnabling youiig pbople we worl< with lo inal(¢ music
and rccord videos with the support. oFa filin rnal<mg company.
In summary, the Icey education (iiid lelIllig opportunities Ihal Ilomsey Mlll enabled diiring the year w¢i'¢',
1537 young people (previous Ye.: 1163) engaged in infortnal ILariiing through regul open access
youlh work scssion.%.
253 youjig pcople (previous year,, 342) eiigaged in infoi'iJal learntng thiough targeled community-based
group work.
55 activity trips (prcvious year., 71) and 6 outdoor ccntre residentials (prcvious year., 5) providLd.
132 young peoplc (previous yeai.: 87) suppoitLd with their educalion through school coinmissiuned
groLiP work.
I OS young people (previous Ye.: 81) 8UPPOrtLd widi theii. educalioii through scliool-Luinmissionid ]-
to- I sessions.
We continiicd delivcry of Youth Wéprk 7rttining COLirses and woi'kshops to Roinsey Mill's young leaders, other
volunteers and employees with Romsey Mill, and sl'afl 'lroin otlior orgailisations. The activities and outcuines
achievcd were,,
ThL Level 2 Yoiith Work I rainiiig courb¢ ihat coininenced in Pebruary 2023 Iiad 18 Icarnei's enrollcd.
From this culiort 13 learnffls colliplctcd IhL Lourse and gained thc qiialification in this reporting year.
Wi btarted dnuther Level 2 Youth Worlcing Tr&ining COLirse in 14cbriiary 2024 willi 15 learners enrolled.
rom this cohori 14 Icarncrs cotnplel'ed ihe LOUTS¢ a11d g'<iined the qualificiltion, but this was after the
eiid of tliis reporting yeai..
During April 2022 M<wcli 2023 we delivered 4 WOTl<sliops with 68 learners (previous year,. 135 but
this included 68 le(Ii'ners from a worlcshop that was delivci'ed &t l(1St ycar's N&tiuii&l Youlh Ministry
Coui'se iii Binning)htun whiGli was not rLpc2tlLd this yekll.).
A DLtdL,hed Youth Woi'k session in Whittlcsey (12 lenerS including youlli worl<Lrs & volunteers),
An iiitroductioD to 'frdUlll£i-Infoi'incd Approacbe,% in Youdi Worlc (28 leaiTAcf8), OrgaiiiS¢ltiuiis
included, SSYI, Catnbour]J¢ CliurLlI, %l. Bai'nabas Cliw'ih, Cambridgesliire County Cout]Lil,
CaLnbridg¢sliir¢ Youth foi. Chi'ist, 'fhc Wity Project (Wdterbeach), and Netherhall ,4cliool.
A ts-aining 5CS8ion al Rom¥ey Mill by Marl< 8lanyer for youiig leaders (8 learners),
I'wo DelachL'd Youih Worlc Ti'aining .sessions We delivered part vf d Couiily-wid¢ Youth Woi'lc
C.onforoiicc (20 learn¢rs).
In July 2023 we hosted soine traiiiing on Youtli ViolenLe in i'csponsc lo a stabbinLr that took pldce ill
Nov¢mber 2022, where & young pei'son 105t their life. 'lThe li'aining was dLlivei'ed by Cr<qig Pinkcy froLn
the Solv¢ CcnLre based ill 13inninghll. Stitff from Roinsey Mill and ii nuinber of grassroots
organisations includiiig C&nibouine Yolilh Pdrtllership, S8YI, Beacon Youtb I'rust lind Coiicreie Rose
attcndLd thi,4 triiuiing.
Our AJpire Teain cDntiiiued io give specidlisl. sui1pori I'o dlilistic cliildren and youiig pcuple who expericncc a
I'dnge of challcnges thal. can h<tve an unfavourable inipdct on their ¢ngagcment dnd (Ichievements in cduckttion.
'I'he autistic young people who attend Aspire are in mainstrcain cduLalion, where d)c largcr. busiei. cnvironinent
can cause ¢1 huge ainounl of stress aiid a iieg'ativL iinpact on academic <iltainment and mcnlal health.
I'he iiiforin<EI educ
KOM%FY MILL I"RIJS'I' B()AEID 017 MANAGL,.MEN"I- IU-,PORr fOll'l'FIb Y]sAJI ENDED 31 ST MARCL4 2024 In suminary, the m<iin ediication and leai'iiing pix)vided through Kolnsey Mill's Aspirc 'l'eain during thc yecir wcre,. W¢ supported 204 autistic childrLn and young people Iprevious year,. 174) iicross 14 distiiict communily-based youth GILibs (priviou.8 year.. 13), inclLiding a newly l¢iunched club in 14ampton, Peterborough, as well as througLI one-to-one JnentOTiiig sessions. l.his siipport. helped th¢se childrcn and youiig people iiicrease seif-efficacy, build confidcncc. and improve communication skills and olher social aptiludes. We suiccssfully piloled our yOLith club SLippurt in Flainpton, Pelerboi-ough, dftcr haviiig reLruit¢d two new Aspire team inembers, wilh fiii&ncial support from Cambs & Pcterborough Inlcgratcd Care Board. Wc also responded lo tender and wci'c guccessful in joining PeLrborough Ciiy Council's Sliort Brcaks fi"amework for fLffther devilopmellt of Ihc work. Ilills Road Sixth Florin Collcge commissioncd us lo run (I new lunch time di'op-in club for autistic students, funded by Sheila Co¢ttes 14 ouiidalion. 'fwo inenibers of Aspii'e eiigaged wilh over 20 autistic students providinE a 8dfc ,8pace to socialisu and disciiss challeiiges, 24 autist'ic childreii and young peoplL I'eceived regular one ts) one support (prLvious year.. 25) illcluding 6 paid for by families, social carc pers()nal budgets and 5 paid for by SchooledUcation budgtl. We worlccd with l O educcltional cslabli,8hinent8 (previous year: I l) in and around Cainbridg¢, iiicluding secondary schools, spccialist provision and an I",L Collcgc. In order to offer new devclopmciit opportunilies for older Aspiir young peopll, Rotnsey Mill applied aiid was appi'ovcd as a provider for AQA awai'ds. Aspire young peoplL LoinpILtLd tliree AQA uiiil awards duriiig the yeai.. Our Aspire t'eain oi'ganised a highly .qucccs8ful workshop for young peoplL wilh a C&liforiiia-basBd compul'er gaines designer. With attendance both in person and onlinc, the yoiing pcoplc had a lol of gr¢at qiiestions ]d injoyed being able to inter¢iLt with a profbssiondl fJ'om the g<iming industry. 'rom within our Aspire Plus group. wc supp<)rted 5 young people (prcvioiis Ytt.. 4) prepratIon for their pi'ogitssioii l() univcrsi(y, l?romoting guod citiT.Lnyhip foi. IhL' public bciiefi( with thc cfjinmilmciit lo pri)mDtc cqual uppurtunilic5 for t'hosc individua15 and gr()ups whu cjicouiiter diyeyiminalion: TIIL Roniscy Mill I'eam is cominitted to cnsuriiig that llldividualb and groups facing di,8criMiJiLltion liavL th¢ opportuiiily to contribiilkn tts ètnd blnofit from (Iv&ildbl¢ SLipporL a11d ()pportunitics. Wc eiigic ge(1 with young pcoplc, chi&drGn, and families fTom diverse social cultui-al, and etlinic bc1ckgrounds, a5 wgll as ihos¢ with a range ol. protected charteriStICs. Additionully, we partnercd witli local comi11nitIeS to sli'oiiglhen conn¢ction.8, address social isolation and lonelincss, improved health, develop skills, (Ind ¢mp()wer yuung pcople to ILad Lhangc, Roinsey Mill's l)re-,sch(Jol llnd YoAng Parents Pro&ir(InJpNe teaLns welcomed 8 volunteers (previous Y6.. I l) who supporled die pi-ovisioii of early years Lare, ediicalion, and f£1nllly group3. AdditlUJl<Llly, 2 sludciits (prcvious year.. 3) complcted training placcinents witliin oiir l)re-8chool. Our Asplre dctivilies b¢nofited froin Ili¢ iiivolvL1n¢nl of 20 voluntQLrs aiid pl¢ic¢monL students (previous year.. 111), iiicludiiig 5 individucils wlio hud pr¢vioiisly b¥cn Aspirc yOLing pLoplc recciving suppoit Iruni our Aspire I'eain and began or contiiiued ds voliinleei's within Aspii'e groups duiing (he i'epoiling yeai.. Creating voliinteering opporLulllties for people with aLItisLn is a key aspect of our worlc to PToniote and improve eqiial opportunittes, ensuring th¢lt tliose with lived expcriencv of autisn] are central to tlie developinent of our prugrainme. I'ELe number of young poople our Youth f)eveloyHILyni ream iegiilarly engyaged witli ll)creased 11uFain fi'om the previous reporlliig. year. In totsl, 2,107 young people (I',einale, 807, Male: 1,280, '1'raiisgenderlNoii- Binaryllntersex.. 20) participated in positive support and activilies with Roillsey Mill iii 2023-24, up Iroin 1,622 thc previous year. Our 'po8ltive i'clationsliips, appToaLh. which focuscs on being aloi)gside young p¢ople who
ROMSBY MILL TRUS'I. BOARD or MANAGEM.INf REPOlI'r roil YF.AR ENDF.D 3 ISI" MARCFI 2024 expcricnce inequality of oppurtunity and faLc signifiGant ch(Illeiigcs, fostei's connections, builds IrLlSt, and leads to outcoines (Iriven by tlicir str¢ngth8 and abilitics. Dw-illg the reporting Ye., 28 young pcople scivccl d,% y()LiY)g leadL'TS (prLvious yL£u': 43), dloiig wilh dddilioiial 65 volun¢EeiE (pr¢vioiis year., 54), suppoiting Iloinscy Mill, s Youtli I)eveloptnent Team activities. 'fhis display of active citizenship, p¢ti¢ll]arlY with so many young pvople involved in sliaping oiii. programrnes, enhallces Ilum5ey Mill's capacity lo support those whu cxpcriciice discriiiiindtion, Volunteers [l1n a divcrse range Df backgrounds canie from the coinmunities whcre Ruinsey Mill is prcscnl ciivo. 'Fhey providcd esse]]tial support to our GI.1tY'S fundrdising dnd governaiice fuiictions while dlso 51idping wid strengthcning all of Roinsey Mill's pi'ogranim¢s, .1 olal volunteer nurnbers for the y¢dY ¢lTe givcn e.1]Ll. in thc report. From September 2023 Rornsey Mill's CLO W¢ invitcd to join the sponsoring cominillee ol a newly fonning cliapter of Citizens IJK in Cambrtdg'¢, Citizens Ul< is made up of liiilldrcds of mcmbcr organisations that are commilted to taking actioll togethei- lor 5UCLal juslice and the Lonimon good, Duiing the report period Ilomsoy Mill partiCiP¢lted in a Ttge of Cambridge C,iti/Liis m¢olii)g and evenls, iiicluding ali Assembly at Long Iload SiKth f4 omi College altLndLd by ovcr 150 PLopIL, aiylled at pi-uinoting good cili7Knship and bringing together ov¢ryday people alld local OTganigatiollS to build a better, fdirer society. Advaiiciiig thc Chj'istiaii faith: Iloinsey Mill's cotnmitment to young pcoplL, cbildren, families and coinmiinits'es is in3pir¢d by Chrisl'ian f£lltli. We rccognise th&t every person is uniquLIy Vdliiable )d of equal importance. Rcspecting the bcliefs and practices of people from all faiths and none, oui. t'cam worl(s inclusively thTougb acl'ivilies I'hat promote social jiisticL aiid fosLr p¢rsonal ajid ¢oiniiiunity tt'anyforination. We celebrate the riihness tliat. spii'itiial and cultura] divei'slty brings to our CQiT)muiiiIics. Within Roinsey Mill's broad r<wge i)f programmes, some specific activities combine opporlunili¢s to exp5oro a Christiau nigS5iig¢ o'f fait]), hope, and love with Ihc pr&ctical outworking of that messag¢ in spiritual fonnat'ion and sotiial acti011s. l.hcse particular iiiiti<ilivcs -g n]ade possible ihi'(Jugh Qui- relationships witli loGal GliurLhes <it)d the financial support we i'eceivc fruiii th¢se Lliui'ches dnd spccific graiit-lnaliiiig trusl. l.=,xi,qling ld n¢w Pdrl'iierships and acl'ivities in ihe yLar incliidL'. Shelford & Siaplef(Jrd Youth IniliaÉive (S3'YI) is a grassi'ools charity supported by SL v¢r&l cliurLhes ilLid Parish Council in tlie South Cambs villagos of CA'eat SSielford, Little Shilford, St£ipleford, S(iWSt()n, aiid Duxford. Romsey Mill ioi)liiiucd li) ()ff¢r professional supcrYÉsion, training, support to tliv local yoiith worlc¢rs einploycd by SSYI to dclivLI' coinmuiiily youth worl<, as well providing guidtm¢e to their Truslces. Beacon Youth Irusl (B ]) is <inolhei' grassroots Lharity established by Iucdl churLhLs iii the ,SouLlI Camb.% village of Linton. lioinsey Mill continued to employ youth workers on blhalf of riyi, ¢ind provided ongoii)g advic¢ and support io their 'l'rLlStcLs iii tlie delivery of cojiiiniinity youth woi'k. Addilionally, we assisted iii delivcriiig churLh-bascd yuulli woi'lc in Ihc vi Ilage cliurche.q. Romsey Mill cot)tinued lo d¢velop aiid Iiianage local cominunity yovtli worlc in FlamptDn, PctLrborou&yli, with all office and SP¢iLL for youtli activili¢s al C.'hrisr thg,Servant King COJL flhurch. R()inscy Mill pi'ovided ongoii)g pi'ofessional youl'h work support to youth workeTS in I-ILintingdon and Wisbocl) wl)o are p&it of the 'l'11rive iiiitiative. Jlie Besom in CaMbridgLJ providcd New Baby Buiidles and houschold furnishings for families wilhiii Romscy Mill, s Y(iung PitirT)t8 Progi-cimmc. Canibridge Youth Work CollGJctive'. u C.(Imbiidgc-widc iiLlworlc fur Youtli Workcrs fi-oim cliurchcs and c1wisti charitics. Rornscy Mill's Youtli Duvclopmcnt Teain C()ordinrfitoi ooiitiniied io IiÉive li role on ili¢ stecrillg group alongside reprcsontatlVL8 fyom Tlidl¢y Lay Mini8tiy, Lainbridgc & Disti'ict Youl'h .for
ROMSEY MILL TRUST PAGI4 8 13OAIII) 01-, MANA(JEMEN"f Rl-POII"I' r()R TFIE YF.AR FNDED 3 181. MARCII 2024 Cl]risl The Diocese of Fly, West C.uinbi'idgc Lhristian Ministrics (WCCYM), and S¢riptuir Union. We ian two 'Decper days, one in April and thL utlier in June. Both were designLd lo givc young peoplv a tsstei. of what our siiminer residential would be likL. Wc had 15 youiig people dt our C&inbi'id8C-bascd one in April wl)ich included dn afi"ernoon of gardening foi- a local faniily through CaK?bridge lJc?son?. At the end of July, we luok l O young people and 4 youiig l¢adors 01) our Deepcjr rcsidenlial at the IIorstead C¢ntro neai. N'wICh. 'I'hree d(iys wcfL speiit t'ogether exploring the Christian faith, enjoying (L lange of adventurous acl'ivities and serving people throu local acL% of kindness, Seveizl faiih-bdsed organisations and local ¢hui'ch groups, coiitinued to hire roi)ms iii our Communily Ccntres. Tli 15 includc5 a iicw local chui'Lh, Renew Ikjclusive Churck CaKybpidge, whicli gathcrs inonthly at the Mill Iload C.oinrriLinity Centrc. Providing helpy advice, And positlvc $lTpporl tli those in ¢cononiic ()r uthcr n¢cd or hardship: I'hc Romsey Mill tearn lias provided extensive 2md ongouig <idviLe an(1 practical assistance to those lacing economic difficulties and othcr 'lorins of advcrsity. Dui-ing the 2023-24 ycar, our l)re-Selio()I c'ed for 56 ¢hildi'ei), of wliom 17 (prcvioiis year: 14) rcccivcd ihc 2- yeai'_old fuiiding ¢ntitlernent, iivailable t'o families receiving. bcnefits such as liicojne Support and lJiiivcrsal (;redit. Children from biilli until tlie end of theii. Ileception year al Primary school, who havc significant and complLx additional needs oi. di5abilitlCs rLquire ongoing Specialist support fToIn across educal'ion, lieall'h, and care Cdii be a%sessed to receive Early Help Support. 'lThis includes children witli cointnunic&tion diificullics, scns()Ty, loarning, or pliysical challenges, (indlor Lomplex healtli needs. Roinscy Mill's Pi'c-SchDoI had 5 children (previous year.. 5) attonding our .gdlings who WLTe receiving BlY Siippoil. Additioniil, 2 children (pi-evious year.. 5) wer¢ froin fainilics i'¢¢oiving suppoil. fTOiJI Social Care, Roinsey Mill's l)re-School also wblcoinod 26 children (prcvious yLar: 19) for whDm l.,inglish is an (Idditional languugc. Oui. Youttg l)arenls J)riy¥rammL? (YPP) g'avL tuilorcd support atbd guidance lo 39 young illums and 12 youiig dads. We also offered ongoing a,%sisl'aJ)cc to ¢ln iiddili<)na] 23 mums and 6 dads who lire over the age of 19 or live outsidc L&mbi'idg¢ City, In tolal, 80 vulnerable pdi'cnts (62 Inothers and 18 laU)ers. compared to 122 plentS lasl year, 82 inothers aiid 40 fatliers) were supporLed. Among the f, nilies &%sistcd, 18 (previoug year: 14) Iiiid cliildrbn wilh hiEh¢i' livols of Social Care iiivolvom¢nt, iiicluding l O Child Prolection wes, 7 Child in Need cases, [d i farly l.lclp Assessment. 'I'he inforiTr(ILi()11, Ic dvice dnd suppoit piuvided to young par¢nts ¢ontinii¢d to c1ddress igsues reldled to housing, bonefils, rncntdl Iicalth, domestic abuse, subslance misusL, edLiC&tioii, and employment. Over the past year, our Youlh Development and Asplre loams support¢d 2,31 l yoiing people fcicing signifLCallt challenges, inoluding som¢ ¢xporiLnciiig cc()ni)Inic difficultie,9 (up froin 1,796 thc prLviou8 year). This figure repi'knsenls an incr¢ase of ovcr 1,1 00 young pc()pli compaTcd to the yoar bcloi'e tli¢ Covid Piwdemic, Across oui. Aspii-c Youth DLvelopillLnl Ic<tnis, 200 dt-i'isk young pcoplc (previous year.. 164) rcccivcd oiic-to-onc mentoring support. frotn a Iloinsey Mill mcnibcr. Within thcsc sessions, ()ur Youtkn DcvLlopment tiams provided cvcn more focused suppoi't to 153 young people (prcvious yeai-: 121)) dLiring ci'i.8is sitLialion involving issues such as hou.qing, finance, food in,8Lcurity, domestic violellce, dnd mentaj licalth ncLds. Additionally, within the total numb¢r ofj youi)g i)¢oi?Ic ii) our Aspir¥ Progi'ammL, the tcam supported 47 yoiing peoplc (prcvious year.. 52) fuiid¢d by tli¢ DisablLd ChildT¢lI' s Ref¢al and Aacoss TLain (DCRA r). 50 parellts (previoiis year.. 47) connect¢d to oui. Aspire l)i'ogramine i'cLeived a siipporl call or one-lo-one Ineeting, mcluding 6 f-amilies (pi-ovious Y-. 5) wlio wei'c assisted in applyiiig for Pll) of DLA benefits foL' their child - all of which w¢re successful. MOSL of tlie parcnls siippoi'tcd by our Aspire tcain liad no olhei. avenues of in-person assist&ncc. 'cedbacl< from (he suiwcy that our Aspii'c toam undLrto)ok witli Lhildrcn/young people tind their parents. in City and South Cambridgeshire includLd tho followiiig results.. IIOO/o of paronl,g agre¢ oi strongly agrLe Ili(il beillg Pdl't of tlie yoiith club helps ttLeii' young pei'son undffl-slaiid othei. pcople beLter. 85 /0 o'f parent'.8 agree oi. sts'ongly agrLL tliat thcir young perbon is lellIng social slci115 ¢Lt yoiilh Llub.
ROMSEY MJ.LL TRUS"r BOAIID OF,, MANACJLIMENT REPOlI'r I",().11 'l'blLq YCAJI LND.LD 31 S'I, MARCII 2024 100 % of parents agree or strongly agreL that allending tbe youth club helps thoir young Person hav¢ Some independenoe. 950/0 of parents agree OT 8trongly agree that attendii)g ihc youth club improves their young person's coiifidence <LllLI scif-cstecm. 950/0 of parents cigrce oi- strongly agrcc thai ihc youth club gives Ihe young person a pl<e to bLlong and feel les5 IoLicIy, 90 % of paronts agree OT st'rongly cigi-ce that the youth club helps to iiTrprove tlie yoiing person's inentral well-being) with 85010 saying tlicy agroe ur slrongly agree thai diie to the youth club iheir young person feels more optimistLC, Posjtive, chcerlul or hopeful in their lifc. I OOO/u of Pku-cnts agrco oi. strongly agrLc tliat duL lo the y<>utli club thcii. young pL'rson Lias reduccd soLial isolation. 8IU/o of young people agree or stt-oiigly agrcc tli&t' thcy li<iVC mad¢ a fricnd at tlic youth club. 116% of young people agrec or .qtrongly agree Ihat Ihcy aT¢ intttrcst¢d in ints'ractiiig with othcrs al th¢ youth Club, Wc often find youiig pcoplc's respr)nsL8 lo bL more cuiiservative tlian tl)Lir pai'enls,. Our Youtb Dcvelopment Tea111 rtlll coinmuttity-based act'ivit'ies and I&Linched new pi'ojLcts, sucli as taking young people to partlclpdte in a piloi frusted Adults schemc developed by thc criminology departhient at Anglia Eluskin University. Soine of these activiti¢s w6rL fLindod by the IIAI," (Ilolid&y Activilies ¢ind Food) sclieimc, cnsu.Ting ljiat young peoplc eligible foi- fi'eL scliool incals wcrc able to engag'e in aclivitics that include meals outside of t]ie school term. Romsey Mill's Charity Shup continued to offer it ffordal)IL Clotliing ¢uid houslhold goods to hundrcds ()f local residents. Oui. Lharily Shop Communily D¢velopmcnt L¢ad also provid¢d 8UPPOrt to vubjcrablo individuals in the community, helping to i'educi isolation, Inanage tnenlal heELIth challenge8, dnd improvc overall well-bcing, -ocal churches aud chai'ities Colltinued to P(IrtiiLr willi Ilomscy Mill by SLipporliiig OLir worlc 'fiiiancidlly or by providing food parci'ls, (;Iiribtmab liaillpcrs oi. other lÉmgib5e help) which werc disti-ibut¢d by Romsey Mill tu rainilies and young pbople in ccononiic necd. IIoTllSCy Mill ulsi) c()Iliibor(Ilcd with nllinei'ou8 community LiroLIPS, L)rganisalion, cliarities, and statiitory agencies lo pi'ovidtt as,siqtancc to families aiid youllg. people througb oui. variuus prograiiis. 011?L'r charit&blL purposes bciiet'icial t() thL Cominuiiil'y: During the reporting yeai., Ilujnsoy Mill coiilinuod to providts Irailling, guidance, and support to otlicr agenciL8 and orgallisations across cnbridgesTrLlte, aiming to onl)anc6 tho support aV<Ll1b]e to teen(igc and yDuiig pareiits Coullty-wido. Thi5 work was carricd iindei- Ilie fiTial yew. of a Carnbridgyeshire County Council-CDmmi.qsioncd Yowig Parcnts Support Contlclct. bc mancigeinent and provision of ciin1munity f(icilities foT local familics, gri)up,8, Lharitics, and otkLers, i'em&ined Li vil'al cispecl of oui. l)roadci' chai'ilGible activities: 13cNieen 1st Api'il 2023 and 3 Ist MrCh 2024, we hosled 28 local gruups and orgtmib(iliouE at Ilomsey Mill Centre (pi'evious ycar.. 26). Of the.8c, 14 were Tegul&' liirers (pr¢vi()us ycar,, 16), and 14 weir oiie- off boolcings for Iraining ev¢J)I,% oi shoi't-terin usc (previous yLai-: 10). Additioiially, wc providcd r<icilities foi. 42 rainily g¢illici'iiigs dui'iiig i116 Ye (pi-cviuus ycai.: 39). Ilomsey Mill Wds Lililised for 267 hours Fur one-oIT liires (prttvious Y¢.: 288) at)d 1,181 houi's for i'cgulai. hii-crs (prcvious year, 1,897), including tutoring by schoi)I,s ILidependeDt of tbe Youth Dcvelopincnt Tedill'8 dlteriicltive position. Street ComFllunily Cenlre wtslboined 58 Ioccil group.% and ()i'ganisations (prevLOU5 yecir.. 47) hir¢d spaGe, with 28 beiiig regul&i' liii'crs (iirLViOUb yccir.. 27) and 30 onL-uff hires (previous year,. 20). Additioiiully, wb pi'ovided i-oonis foi. 56 l&inily gaihci'ings Ihi'oiigh ihc year (sanie as previoLiS year). I'lie CLnti'L was utilised for 431 hoiirs ()f <)n¢-off hircs (pievious y¢ar'. 485) anLI 1,588 hours by regiilai- hirers (previoiis yL<iT'. 2,193).
IIOMSEY MILL 'fRUS'I' PAGL 10 130ARD or MANAGV.MLN'I' RE,:POII'I' TIOII THE YEAR ENI)ED 31 s r MARLEI 2024 In addilion to thcse bookings, both ccnth'cs werc uscd as l>olling Sl'¥Ltioiis in May 'for local elections. Wc contii)u¢d to provide small rooms fur tul'oring ol young peoplc struggli1 lo i-cturn tolst8¥y iji slhool, During the ye(Ir, Coleridge G<)InmLinily Collcge, Irllpillgton vil.lage C,ollegc and si. 13cde's %'chuol Lill used Our buildings 'For tiiis pujpose (independelll. of altemdliv¢ education contracts WL have through our Youtli Developmciit1Batn). Mill Road Coinmunlty Centre wa.g orricially liicnded over to Ilorllsey Mill Iroin Carnbridge City Council on 231'd March 2023, with thc leas& cominen.tiii)g un t'he swnc date. After furni.5hing and equipping the building? tho first hire took plilcc on 29th April 2023. Fiirther th lo 31" mh 2024, we hosted 51 1i)cal groups and L)fcidnisalioiis at Mill Iload Cominunily C.entre, includiiig 22 rcgulai. hirers and 29 one-off bookiiig& for training Lvciils i)r short-lcrni use. Addilionally, wc facilitatcd 32 f<ullLIy gatherings during thc yetir. Tlikn, L&ntl'L Wd8 Utili8¢d for 468 liours uf one-off hires and S3 6 hoLWS by reELilar hircrs. OUT social cnterprises, RomsEy Mill Charity Shop in Cambridge Ciiy and Coffee iii CJre8t Sbelford South Cainbs - serve local CoMUlliti0S by offei'ing servi¢cs,, provide training aiid volunteering opportuiiilies, and siipporling vulnei-&bl¢ individuals. I"hese ef.forts l)clped i'cduccd isol(ition and irnprove overall well-beiiig. l)erformgnce agaillst other specific obj¢L(ivc% set for 2023-2024: W¢ compleled the firLal year of the Lambiidgcsliire County CounLiI Young Parents Suppoil contract and the Comic Relief - funded Children 3un7E)?e and IkrivcJ.' l£isLJ axd Ship7e project. Witli ihe conclusioii of both nding cointnitmcnts aiid with some le(Iin Incmbers inoviiigT ()ii froin Roinscy Mill, we began reconfigui'iiig, reci'uiting, dnd rLimaginiiig our approach lo suijpoiling younE pai¢Llts iii Cambridge th¢ surrouiidiJig ai'cas. A new Youiig Pdl'eLII's Programme Cooi'diLialor Wds reci'Llltcd and starlcd worlc in March 2024. We successfully secured addilional funding from 'l'rusts and Sialutory Partnei-s for oiir AspAre programmc. Nolablc iiLw Sources included a y-aDI froiTJ '1lic l-velyn "Frusl lo dcvclop new AspirL groups iii Northstowe and upport Ei-oin the I]]tegratcd Carc 0.d 'for Aspire init'idlives in PeloTboroug'h. In October, we LomplLtLd d sig'nificant lender lo join lh¢ Short BrLalis fTuinLw()rk iii Fcl'ci-borough, 13y DcGcLnbci, wc nolif.ied o'c our tLceplanc¢ onto ibe frainLwork lor dGliveriiig yoiith cliib8 under Peterboiough City Council's Shori13redlcs for Disabled Children scheme. This nuw opporluniiy iq cxpcelcd to provide subs11tal additional fundiiig for Aspir¢, lacilit£lting susl<illl¢ible gruwth in PLtL'rboi'ough. Although securing Lidditiol fuiidiiig for our Youtli Dcvclopincnt 'I'eain's wol'l< in PetcrboroLigli Wds cliallenguig, we i'eceived confwmation of a new multi-ye<ti' RLachiiig Communities Grant fi'om Tlii Natioiial J.oltcry tOWELrds thc end of thv ye&i'. Mill Iload CoJnnLuniiy Ccntrc Wd8 officially hcindLd over to Ilom¥cy Mill by Cainbridge Cily CouiiLiI on 23rd Mai-ch 2023, witli the Icaso o()rnm¢iicing the sainc dily. A (a8'GInellt gi'oup, comprisiiig represenlatlVC5 froin PAL'T, Roin8ey Mill, (d Iocdl r¥sid¢nts, L.4lablishod I'cgular mcetinos, Several sndgging i,8sues 'fi'om tlie origiii(tl build reim¢12ned uni'esolved wli¢n th¢ buildiiig wa4 Iiandcd over, signifiLELnlly impaLting tho us¢ o'f th faLiliiy duiing t'he first half of tlic yLar. As a rcsull, targ'Lts lor iiicoinc at)d i'e<ich were ii()t fully aLhiLvcd. Roinsey Mill receivcd fin¢incial compLnsrltion 'fiY)In (:dinbridgc Gil'y C,oiiiicil for lost hirc inci)ITIL. DcspilL Ll)cse clialleng¢s, dic Centre was still iitili,$ed for 468 hours of one-ofi" hires and 836 hours by regulai. hirers during the Ye.. Ilotnscy Mil].8 1.eddership aiid M<inagemcnl 'L"e, iLi collalioi'ation wilh oiher stdff inembci's, developed & new 8trateg.ic l<rriinework LLI guido futui'c planniiig and deci.qion~InÉiking. I"hL fr&mLwork was presentcd to ihc SILCS for ihis c0115ideriction duriiig a i)l(Iniiing day ill fiobi'udry 2024. Iluithei- strategic pldniiing aiid devclopiiient will contiiiuc in 2024-25. Pi'<)grammc Loot'diikitors, with support froiii the I,eadership and M%tnagLincnt Teaiii, continued to enliancc Roillsoy Mill's rnethods foT obsei'ving (tlld i'eportinbv oil activilies, enablers, alld outconies. '1'11is efFori included UPIAinisiiig thc usc of Olir Upshot Managbineiit Systcin and i-efming the tools and proknesscs tbrougli whioli P(Irlicipants'_young iicople xiid r'dmilies-cvalucltc ¢iiid conts'ibute to thc dcvLIopiT]Lnt uf activititys.
IIOMSFY MILL I'IIUST PAGEII OARD OI,. MANAGLMBKI" IIEPOR'r I",OR TIIE YEAR ENDI-D 3 IS'I, MAIILI.121124 Iloms¢y Mill made ongoing improvements to it.q niarketiiig. efforts, including. cnhancejnenls tr) digital cominwiications and the pi'iiited Mill News. A full review of brundtng and the logo will be completed oi)ce Ihe n¢w %'trategic Plan is findli5ed. Plaiis to grow ILadcrship C¢lPaCity &iid streiigiliLn oi'Biilli8alional resilicncc pi-ogrLysed with thc rippointment of additional adMinisttiVe siaff, (t Programme Devclopment I.ead f()r Peterborough, and a building rn(iintenance person. Otber slaff membei's were also ds,9igned addit'ional responsibilities to help free up c&pacity lor the I.*L¢id¢rship and )8e[nent Teain (LM'I,). Thc iinplemcnlalion of Romscy Mills. Iqu(Jlity, t)ivLrsity, nd liiclusion plan advanced, with aclion5 to iinpi'(>ve moniloring of key iiiformil'ion aiid io r¥vicw (ind iip(lalc VI10ll. P()licic.8 and proccdures. PLrformancL ol mAteriAI fundraising aetiviliLs against the fundraisii)g objLLI'ives set: I,'oi most of the year, RomsLy Mill's I)Jndr&isin% dnd LominuniLations team operated al. full C<lP&City. However, in December 2023, one of our thrcc P¢irt-timc 'frusts fundraisei's i'elired, lÉ nd initial reLruithient cfforts to lind Teplacenient wore unsiiccessful, C'ommunity sllpporL including don(itions froni individudls, chur¢hLS, aiid local coinpanies as well as fund riiised froin eveiils, exceeded our budgelcd cxpeclations foi. IIIL yoai., Nolablc l)ighliglits iiiclude.. J)aniher I[£¥ Chaiity of Ihe YL¢iY.' Ilomsey Mill was sL'l¢cted as Charity of the Ycar for 2024, receiving £251( fToin thL com1)iiny's online booking app. Bridge thg Gap Walk.. I'his succvsslul cvtsnt in %eptcinbffl' atlractttd over 1,300 PdrtiLipanls an(1 rill,%Ld Inoir ih¢lli £351C, sliared betw¢en Romscy Mill and Arthui. Rllnlc Ilospicc Charity. Yorkwhire Three Peaks, Cha11¢178e.' IIeld iii May 2023, tjiis le<un fundi'aising challenge raised over £12K with 18 walkers participating. Cambridge Halfmaraihon.. In M£irch 2023, 29 runnLis helped raise ovir £61( foi. RoinsLy Mill. L'hristD7as AppL)Lrl.. Our 2023 Chri&linJs appGal rdiscd ovLr £37tC, includiiig just ovcr £201( froin the .Big Giv¢ Christmas Camp<11gYlI, whiLlI fLdtLlI-cd £5,000 iii plcdged donaliuns aiid £5,000 in InatLh- funding froin Big Give Chdmpi()iis. Income fi'om our socia] enterprisc5- Rumsby Mill Cliarity %'hop and Card Co'ffco-aloiig with roorn hire and training, also slighlly surpsed oiir initial l2irLsIts, Notsble successful funding appliccLtions in tho iLporLing y¢(U' ii)Llu£lcd'. RgLTLking Con?munities Grant.. £646K fi-oin I'l)c N<ttional l.,ottery over llircc y¢ar.8, slaitkng April 2024, for cominunily-bascd youlli dLvelopincnt iii Noith Cambridge ¢ind new developments, The E¥velJw fpu.yt 14calth ¢11)d WcllbLing (irant: £)COK ovei. two years to suppoit our Aspire Team'5 worlc wit"b aiitislic yoiiiig people iii Noi'tlislowc (Ind lo I'ccruit a new Aspire yuutli workor. Youth Music Stability I",Linding'. £511K for music-lnaking oppoi'tunities for young peoplL, covering Januaiy to Deceinber 2024. Cambridgeshire Skills.. £39K ovor 12 inoiilh,8 8k1rting Sq)tomboi 2023 to fLind coiirses for youiig people engtiged ilirough Youth l)IvLloprnint and Youiig Parenls work. SeriJt4s ViulLJnce Duly fndIng,- £83.711 fi'oin cnbrIdgeS111r¢ Coullty C.ounLiI for detacliid youth work and pi-irnciry school pruvision, fi'oin 8Lpicinbci' 2023 tu M¢irch 2025. CombridgL CKly Council Comn?ziMily CJrunls,.' E261( for thi-ee projects iii Aspire, Yl)P aiid YD'F, startiiig April 2024. communi.ty Breaks FI4ding,. Up to £25K anniially over three yeivs from Peterburough City CoLincil to suppoit Aspii'e and develop projccts in Petcrboi-oiigli, 8l1c I'ling April 2024. 'I"hc yoar-ond fii)ancial posilion exccLdecl ()ur Forcc¢lSts, i'e'nocLing tlio lo'S sl<ill and dedicat'ion, a8 w¢ll as thc btroiig siipport and rLcognit"ion fiom OUL. fuiidei-s Dr die essentiul nccd Ruinsey Mill dddi'esses aiid tliL effectiveness of oiii dctivities.
ROMSEY MILL TIIUST PAGL 12 BOARD OF mANAGFfvNT Rf.POllT I",OJI'J'IIL YfARFNDf,D 31 ST MARC112024 Fiiianeial Roview sourc of Income and Expcnditure in 2023124: Romsey Mill extends its thanlcs lo the mwiy individiials, community groups, cliurchcs, 8Lhools, colleges, businesses, Iocic I couiicils, statulory icaiDs, oLhcr cli¢wilics, and graL]t'.tnalcing U'Li%ls who hiive genei'ously coiilribul'ed their tinie, cxpertiso, fiiiancial donations, grani fuiiding, and siipport-in-l<ind. These contributiOLIS htive been instrumei)tal in helping. Roinsey Mill bu ild IneaniiiglLiI reldtioiisbip, share hope, crcate opportunities, and drive positive social thange, Over2tll income for Ihe ye(ii' was £1,501,134 (2022-23.. £1,544,824). Roi]]sey Mill rc¢¢ivcd and geiierated income from vaiious soui'ces and in a range of W¢lyS, and theso can be broadly Cdtcgorksed a,q'. 'I'rusts and foundations Ili<il inalce granls loi. Lharitable pui'poses conlyibutcd £437,217 represLnting 2901, of Romsey Mill's incoine (2022.23.. £553,559; 36 %). Our Socidl eiitcrpi'ise (Iiid coininuiiily fiindr&isii)g activilics gciieiatc iiicomu I'otalling £491,980 which wa9 330/0 ofour income (2022-23.. £514,515. 33Q/). Statutory graLItS <ind contract payiiiciils ful- work ¢iLi'OSS I)Ye-Sch.ool, Yc)ung Pape1$, Aspire, and Youth eveloprJ?ent amounlcd to £482,X7dl and 33 % of inconie (2022-23.. £392,747. 250/0). Earncd income 01 £75,568 reprcsenting 57 of incomc (2022-23- £84,003. 6%) wa.8 for charitable sei'vices, larg'ely rclating to our Altcrn£ltivL F,ducatiuii pruvision aiid SOTne of our Pre-schuol work. Romsey Mill's total annual expenditurL was £1,5 Y1,316 intirknase froin £1,485,573 in the previous year. Of this cxpendil'ui'e, 85Q/& was d¢dicdtLd dirLLtly lo ()iii' cliai-ital)Ic woilc supporliiig young peoplc, Gliildrcn, and 'rainilies. I'he TeinainiL1g 15 /u covLred co,Ils dSSOLidted wilh Lini'esti'iclcd fuiidrÉiising and govei'iiance. Our Lore appi'oiicli at RomsLy Mill is rLlalionship-LLI)LrLd, .focu,%ing on LifLloclcing potential and addressillg. needs throu Inekuifingful and ¢ll¢¢l'ivL rclutionyhii)s. (il-owing sli'onger relationships within our team as well as with our P£1rticipttS and p&rnicr8 is both Lnd iii it%L.Ir and a mcclils to achieve broader gaols such <18 improv¢d Iiealth, stronger LoiTr]munitieg, and greal'er job salisfiiction. Dii'¢ct employment costs for the Iloinsey Mill st£iff tOn {counted for 72 /0 of total knxpeiiditiirc, consistent with the previou5 year's 73D/o. While therc ¢ire direit tsosts asso¢idied with siippoi'ting our volLinteers through engagemeiil, trainsng, (md in¢Lnagoinoiit, Ihc addLd valu¢ and imp&cl of I'heir colltributions to our scrvices are sigliific1t. As of July 2024, our forLLast8 indicatld Ihat i'xpLI)dilui'c for tl)0 2024-25 linancial year will l)e appioxiinately 9.48f/tro higher than the prLvioiis ye¢lT. Curyent'ly, 1lom.sey Mill has seciired 810/0 of the toreG<ted expenditui'e for the year. We anticipate being iible to covLir around 93010 of our inGome iieeds by tho cnd o'l thc year. FlowLver, to bridg¢ tho gdp b¢twcLn in¢oniL èlnd cxpendituro, w¢ al'e planning for the potenti£11 use of up to £116,000 from our unrestriLled rcsei'vLiI. Given our current reserves und the projeGtcd yLllT-cnd posilion fi)1- 2024-25. RomsLy 'Mill 1.% confidcnt Ihal we will liave enough funds to contilluc our opei'ations into the iiext ye. We ljave provisioijs to ulili,8e additional rc8ci.vcs if iicccssary, l-lowever, if oiir fuLidi-aisiiig efforLs do iiot generate sufticient lllcome to repllice the funding foi, cxpiring in&joi' niulti-ycai. grant.%, wc ni&y nccd io con.%idci' rcstructuring soine activities to reduce ¢osts. ValuL for Money: Ilomsey Mill's approacli to V<ilue for Moiiey woi-ks lo l)elp eiiswe tlial.. What we do is i'clcvaiil and ILads to bonLfit8 for youiig pioplo, families and coiiiniuiiities Ihat Romsey Mill'8 Icam inember8 arL dlongsidty (si)ond wisc'ly). l.low WL worlc is efficiLiit and ef'fLLtivc, ,40 WL do 11()t W¢Lgt¢ time OT money (spend Lff'LLtively). We gel d good retiirn froin what ive spLI)d and makc wisc choicas (spcnd well).
ROMSEY MILL TRUSI"
PACJL 13
BOARD OF MANAGI,=MEN-r Iiiq POII'I.
roR Tblp. YLAR ENDEqD 31 SI. MARCII 2024
To ensui'o Value for Molley, Ilom5ey Mill implements the following practices..
Regular Mop7iloring and Reviow.. Wc coiil'illuously assLss tho effcctiveness and impaot of Dur &ctLVlties
with young p¢opl¢ and familics to cnsurc tlicy delivor tho int¢nd¢d benefils.
Competitive Bidding We obtain miiltiplo quotes 'For signiFicaiit pui'chdses and services to secure the
bost value,
Jt&téndÉring Contract& We pLriodiLally i'etendcr service Colltracts to dcliievc bctler value and cosl-
effectiveness.
Cost Rgviews.. We reg.ul,]Y r.eview v.lOuS costs to idcntify opportunities for savings and cffi¢i¢ncy.
Additional lt-uding.' We seelc aiid sccui-e udditional funding io enhance and Lxp&nd our servictss,
ensuring susiainable <md iinpi'ovcd oiilLoiiies.
Ilcserves Pollcy:
"I'o Lnsui-e stability dnd mitigate ihc impdct of fluctuating incoine or unexp¢Gtcd ¢xpenditures, Ilomsey Mill's
truslees dcsignate a portion uf funds as RisL'rvcb. This ¢ipprot¥ch hclps us,.
Abts'orb S'etbacks and S'eFze Opports4nilie,9.' 13y maintainiiig a bufrcr, wc can liandle finc1ncial challenge5
aiid capiLLlise on iiew opportuiiitiis wilhout Lompiomi8ing our WDrlc.
Demok751Yate LfiéGtive Rexo74rGe MoF7agemenl.. A cLe4[Y defined Ileserves PoliLy shows t'hat wc are
proaclively maiwiiig our i'esDurces ciiid planLiiiig lor long-term sustaii)ability, ensuring tlial. we cali
continuo providing i'eliable scrvices.
"I"Iic 'li'ustc¢s' ¢urr¢nt policy is to inaiiitiiin ficc i-Gsci'ves equivalenl to betwecn I'hi'Lc alld six Inonths of the
following yLar's projccted cxpend.ilui'e.
Giveii tlic curi'bnt ecunoinic challcng¢s in I'ho IJK, Romsey Mill's
Trustcbs decided to hold reservc.s dt closei. to six inonth i)f Ili¢ followiiig ycttr, s budgltcd expenditurc.
Al Ihe end of Ql 2024-25, Iloinscy Mill's Inan£ig¢mcnt accoiints reportcd Qieiicral RL4erves of £886,926. 1'his
ainounl r6prescnts approximatcly 5 inontlis of operal'iiig Losts tiga.inst the projecled expenditiire O'F £I,X53,747
fDr thL 2025-26 financial ycar. 'I'his resci-ve Icvel is slightly bLluw tlii six-Ini)iiih tai'g¢t but provides a i-obiist
CLishion to m<age financial unccrtaiLlti¢s aiid Liisur¢ coiilinucd blttbilily scrvice rcliabilily,
Finela] procedures:
In managing Ronisey Mill's fiiiaiiciiil activity? tlie following piucedui-cs are in place to ciisuie Tobust OV¢Tsight
and uontrol..
l-inancial ft¥cordiF7g.' All incomi aiid LxpLiidit'urL traiisaclions arc records in Koinscy Mill's unline
SAGf aLcounts systLm. Banlc i'Lc()iiLili(it1011s arc comi?Iclcd iwice a inonih io ensiire accui-dcy and
inlegi'ity of financial i'ecords.
Payméntts Appiovalj.. Iwo signatorics requii'Ed for all cheques
ROMSEY MILL 'I'RUSI'
I)AGE 14
B()ARD OF MANA(yEMf:.N"r RF.POR'I'
roR I'1.II= YBAR F:,NDF.D 31 SI. MAIIC.14 2024
Strategic objeclivc5 for April 2024 iu March 2025:
Complete woi'lc on Roinsey Mill, s iiew long-teTrn Stral'egic 14rameworlc busincss planniiig for I'he
ncxt 3-year cycle.
Conduct a brand revibw and update logo, taglinL 4ind odiLr ViSLial clemeiits to cnsui'¢ that Romsey Mill
idcnL 15 supporl'ing fului'e plans.
Continue work to strengLhen c(tpacity dci'oss te£t]ns incliiding COdLhing and cqiiipping line-manclgLr8 to
develop more autononious responbibility and Fiteing leader8hip t'iinc for longer tenn ft]tUTe-thinl<ing
and project-dev¢lopment.
Update and continue implemeiit1£ tion of Romsey Mill's r.Iquality, l)iversity, and Incliision action plan.
Dcvelop aiid impl¢mciit plans t'o incrL2LiL Cxtei'iial hirc and use of spaces iii oiij. diree (;ommunity
Cenl'res, with d Particular foLLlS on thc lilÉvlccliiig ol Mill Road Coinmiinity Ceiitre for day-tiinc hirL.
Review and reconfigure rolls wiihiii R()Inscy Mill's fuiidraising tcam. Ilecruit and embed n¢w tcdm
tnember8 to vacant posilions,
Coinplete a full apprdi.8al of Rumscy Mill's ClllTent Pre-school provision. Undertak¢ i'cseai'ch lo shape
plaiis for our futui'e offLr in light of tlie i'cduction lll t'al<e up of places whilst taking account of new
government Iulldijig for eXPdnd¢d offLr.
rollowing Gli<in8cs Iwitliin oui. YoLlllg l)arci)ts Pi'ogrammc I"e&m (including i'eplacei]]¢nl of OLir
PrograinmL Team Cooi-din&loi-) ancl Ihe ciid of Gontt-(ICt funding with Cuinbridgcshire CoLinty Council,
cornplete a nLeds 21ssessinent, rcvicw our .sllpport DffLr and devLlop plans for futurc delivery aiid inore
resili¢nt funding.
Develop new youth voicclp<irli¢ipali()Ji pr()jects with [Jiiiv'Slty of Cambridg'c and c.ambridge Citizcns,
employing a leain membor to ILad 01) Iliis work.
Iqollowing. il 8ucc¢ssfLiI applicTrÉ tion lo 'l'NL r¢
IIOM8EY MLLL'fRUS r
PAGE IS
BOAIID OF MANALYFMENT RLPOR1"
FOR TI-IE YEAii fNDED 31 S'I, MARLII 2024
'I'o support th¢ effective operation of tlie chai-ity, the I.'rustees cstdblislicd scvLral commitlces with dclegated
respoiisibilities. During the 2023124 yeai., I'hc4G coiiimitlees included.,
Programmc Coinmiltee
Opcrations & Resources Con]lt1c
F4inance Comniittee
Fundraising & C()iTJmLinications C,ommitLLe
Tlie day-to-day operations of RomsLy Mill (Irtt nianagLd by a LLadership & Managcjneiit Te(im {LMT) whicli is
lcd by the Cliief l-.,xccutivc Officei. (CLO). Appoiiilinents to i'oles witliin tlie LM'I" arL made by tlie 'frusiccs.
'lTrroughoul the 2022-23 y¢ar, tlicre wei'e 110 ch
ROM%'b,Y MILL TRU8"1' I)A(TE I6 BOARD OF MANA(iEMEN'I" REPORT FOR TI..IE YEARENDED 31SI" MAIICI4 2024 GeiiLiral Manag¢m¢i)t: Romsey Mill'g 'l'rustees coiivene board tnLetings ai. l¢ast four timos per year, either in person or Vid video conferencing. 'fiiese meetings are cruci(Il Foi. appi'oviiig key docunients and decisioiig, uicluding) Strategic and Buyiness Plapjs,. S¢tting IoiiL-tert]is goals and opcrational slrategies. Annual Budgels,, Ileviewing and appruviiig the budg#t'for t'lic finaiici(il year. Yeur-EIAdAccounls.' ExaiTJining and appi'oving the fEii¢mci&I stateLnents for the past ye. Trustees receive regular updates t'IITough rnaiiag¢iiient &c¢ounts and ouai'terly 'fmancial projections, Tbis inforinaliun helps thcrn mon itor incomo and cxpcndiliirc cigdiiist Ihc approvcd budgcts and inanage cash flow effcctively. Addil'ion&lly, the 'Truslces are respon5iblc foi- appi-oviiig,. Capilal Projécls,. Aiiy Si71r1Cnl. projects ihdt f&ll outside of the existing budgels. New Staff Pustts.- 'lThe crc&tioii of tsLw i-oltss that i'eprcseiit (I significant fiiiancial coinmitmenl (oyor £IOIC annudlly). Operafional Expenses.- Significaiil new 01)crationdl cxpensos that i-¢quir# board approval. This Structured approach ensures tlial all niajoi. financial decisions aiid str¢ttegic directiorLS <ire carefully considered and approved by the Board of I'iuslees. At Ilie invilalioii of Ihc I'ruste¢.s, thL LI,:C) diid utl)cr memb¢Ys of Romsey Mill's Leddership & M1£ lldgemcnt I'eain (I.M"D typiclll Iy PAtlend all I,'u11 Bo(u'd MLLtings. 'I'heu- presence ensures tliilt tlie 'l'i-ustees have direct acLC,%S to thc operational insiglits and ui)d&tLs nccLsstiry for infurmLd deLision-malcing. A standing iteni oil tlie agendo 'Restriotbd13usinLbS,' allows I'ruste¢s to distiuss scnsitive oi. coi)fidential m&tL¢rs wilhoul eniployees prLscnl whcn requii-cd. Additionally, otlier iT]einbcr5 of Romscy Mill's 5laFf ic¢un ill¢ly (IttLiid 'l"rustce meetillgs 011 dn oLGusional basi5, but only by iiivitation. This helps providL %ii¢LialisLd iiiPLII oi- Lipdtitcs i.e1cvll to spccific agcnda itLms vr disLussions. All committces cstablighed by ihe Full Board of 'i"rustecs, whicli hive dclegaled responsibilities foi specific aTcas or worlc, chaired by a 'l"rLislcL. MLmbcrs of thc Leadership & Mallagoinent Team {LMI') join thc commitlees irlevdnt to iheir roles dnd oi-ganisc mcctiiigs on cin oiigoing basis. Tho.%¢ coinmittces play a c1'iiLi&I l'ol¢ iii nian&ging various op¢rdtiUildl abP¢Cts of Roms6y Mill &nd onsure that key decisioiis and updates w'e commwiiLated cffcLtiVLIy lo the full Bo<ird ol frusle¢s. Other individiiils wilh rclcv<int sl<i115 and cxpLI'iciicc, iiitiludiiig progi'ammi particip&iils, cali also be iiivikd io join committees for OLC<isioll<tl ineclings ur on 21 11101'c i'cgiilai. basi,q. 'I'heii' involvemciii helps ensui'c th&l thc commÈttees beiiefit from a diveTse riing'e of pci'SPLCt'ives c1nd expertise, Cominittees typically rncet four titnes <1 yeai. £ind pi'ovide written or oi'al reports to the 14ull Boards of 'fi'uslce%. The coiniTLittees ce rv5poiisible foi. reviewiiig. (Ind u.pdating existing organisational policies rclated to tli¢ir spccific ireas of work. Additioiially, iiLw polilies prcparcd by tlie Leadcrship and 'Maiiagallcnt "fc(im arL dPPI'Dved by the i'clLvaiit LuiniiiitlLL befoi'c bciiig pi'cscntcd to aiid adopt'cd by t]ic Pull Board of 'fTusIcc,q, Aiiy proposed ch(lligcs to salary ILvclq arc iiiiticLlly reviewed by a Ileinuiicration Gi'oup, composcd of members fi'oin the Oper<itions & Ilesources Comiiiittcc, tlIL I iii(inG¢ CoinmillL¢, ld Romscy Mill's Cliaii of I'rustees The Gi-oup ¢onsid¢rs Ilio i-ecominondations aiid subinits. Lhom tu tlie Bocll'd of Trustees for final appi-QVl¢1.
ROMSEY MILL I"IIUSI" PAGf 17 I3OAIID or MANA(iEMLINI" IIBPOII I" roR I'IIF YEAR ENI)I?D 3 I%T MAR(;1.12024 Ilislc mnageL.L: Ilornscy Mill's I.eadership & Mwiagemcnt tcam undertttlce an aniiuiil orgaiiisational risk assessin¢nl on behalf o'f Trustees. This as8essinent idcnlifics iii<ijor risks across various <irLas, evaluates the level and lilccliliood of exposL¢, aiid proposcs necessary inanagcmciit stcps. "I"he iipd¢ttcd Risk Register ts thcn approv¢d by the f4uIL ard of I rustees alld rnonitored through 'frustLL8 ¢ommitlee.8. This process ensures attLntion to ilie stabiliiy of operdtiolls dnd I'he dLiiy of carc 'lor staff, volLintccrs, and program part'icipanls. Additionally, th¢ organisatioll taktts other InedSLires lo mat]age risks and maintaui operationa] integrily iiic,luding Disclosure and Borring Service (J)BS) C.'hecks.' All staff and vulunteers who work directly with children, young people, and vulilL%i'ablc gl(lu Ils undergo appi'opriate DBS clicclcs. inancial OveisigkÈ,' fin&Licial sysleiii.s diid pi-ocbsses are appi-ovLd by the 'l"rust'ees kll)d e subject to SCl'Liliny by botli the "I rustecs <Lnd ¢iuclil()i's, JTSecurBty.' Rornsey Mill, 51,1. systeins cii-L m&iaged by an cxl'eriial sp¢cia]ist' coiitraclor witli seciwiiy of systcins &iid dclta ¢lS a corL priurily. Inst4ffJnce Coverage.. Suitabl¢ PLibliL li<ibilAty, profcssional indcmnity, dnd buildings & cuntents insw'ance are iii i)laco for all sLrvi¢&% and &ctivil'i¢s. 'I'hose measures help ensui'c effectivc ris]< inanÉig"c1nLnt and operal'ion<ql stability. STATE4 MENT OF JJOARD OTr MANA(: KMb.Nl' RFSI)ONSIBII.I'I'ITr S "I"hc B0-d or ManagL'mei)t ¢we i-cquii'cd by coinpaiiy l¢tw to prep<ire financial ,8lalemenl's each financi(tl year whicli give a tt'ue and fdir view ol tlic sl&tL of affair.% oftlie cliarity lind of tlic surylus or deficit o'Fthc charity for tliat ycar. .It] PTepaTiiig ihose finallcidl stateiiicnl,4 Ihc lloard of Md112LgctnLnt rLquirLd lo: (a) Select suitabl¢ a¢¢ounting policics and Ihcn Eipply iliein con.8istently; (b) Make judgcmLnts a]Id estiinates tliat (ire i'c(IsunJl)l¢ atjd prudent. (c) Prcpare tl1kn financial st'atements on ll goinLY eoiiLcrll b&,8is unles5 it is inappropriate lo assuillc th&t ihts Charity will continue in opei-ation. (d) State whether the policies ddopl'ed £ire iii 1£ C<;oi'd£iiice witli the Comp¢1nie,q Acl 2006 and witli applicabl¢ accounling sthidai'ds and stcltcments of i-cu)Inniciidod PL'a¢ticc, siibj¢ct to any Inat'erial depLlrLures discloscd £tnd explained in the financial slateLllClits- (e) Observe the meltlods dnd pi'iiicipalq ()f tliu (:lidTili¢s S()Rl) 'I'lie Board of Manageinent are rcspoiisiblL foi. Iceepiiig proper accounting. i'ecoi'd8 which disclose with i'casonabli <1¢cUrY at any tiine t]Ic fincll'icial i)osilion of thL Lharity ¢inol to eiiabl¢ Iliem t'o ensure thal. the fili{CIal stal¢meiils cornply with t]Ic Coinp¢inics ALt 2006, Tlio Iloard of Managomciit are also responsible for s(ltcgu'd1r1g the assets of the charAty alid hence for t'alcing reLollable sleps for thL prevcnlioi) ai)d dclLclioii ur ri-aiid and olhei- iiregularities. 'he Board of Managemenl. confinn that thcy l)clVL rcfcri'Ld to tho Buidance contained in the Charity Coinmi.8sion's general guidance oil public bciiLlit whcn itVl¢Wllig ihL Lliarity's ailns and objectives and in plaling futw'e activities. STATmENT ()F DISCLOSIJIIE 014 INlI()IIMA'I'ION 'IO AUDI'roiis Ill the ti&se of eacli of tl)e pci-sons wlio are oli tli¢ F3oai-d of Managemeiit al the tiine wlien the Board of nagement E'eport is appL'oved. (a) 80 fai- as thc Boai-d o'f ManiigemeJit arts awai-e, Iliere is no relevant aiidit infonn(ttion (inf01111(Itioii needed by lliL. (:harity's auditoi-s in connectioii wilh pi'cpill-jno Ilicii. reporl) of whicli the Cliarity'5 auditors Jre Linaware, and
ROMSEY MILL TRUST PAGL 18 BOARD OF MANAGEMENT REPOKI. roR THB YEARENDED 3 1ST MARCH 2024 (b) Each member of tELe Boayd of Mallagement has taken all the steps they ought to liave takeii to makc th¢ms¢lves aware of any rclcvant audtt infoEmation and to Qstablish that the c]wity's auditors are aware OE that infDrnation. Atnounts are presented within items in the statement of financial activities (a balance sheet ill a¢¢oTdance with gonernlly accepted accountmg principles or pra¢tic¢, the Board of ManaEemellt Menibcrs having had r¢gard to the Substance of the worled transaction or Wrnigetnent. Ihe AudRtors, Prentis & LLP, will be proposod for r&appoiniment In accordance witEL Sectsoll 485 of the Coinpanies Act 2016 APPROVAL On behalf of the Board of 'I'rusteeslDllector8 T Phippg (Chair): Date: Tr51oJ /rwiJk,
ROMSEY MILL TRUST PAGE 19 INDEPENDENf AUDrroRS REPORT TO THE BOARD OF MANAGEMENT OF ROMSEY MILL TRUST AND GROUP FOR THE YEAR ENDED 31ST MARCH 2024 Opinion We have audited the group fllwicial statements of Romsey Mill Trnst for the year ended 318t March 2024, which comprise Statement of FinancAal Activities, Group alld Cl]arity Balance Sheets, Cash Flow Statethent and notes to the financial statements, including a sun)w of significant accounting policies. The financial reporting framework that l]as been applied in their preparation is applicable law and United Kingdom Accounting StandELrds, including Financial Reporting Standards 102: The Financial Reporting Standard applicable in the UK and Republic of Ireland (Utjited Kingdom Generally Accepted Accounting Practice). In our opinion, the financial 8tatements'. give a trne and fa]r view of th¢ State of the GTOUP and Clwity's affairs as at 31st March 2024 and of its incoming resources and application of resources for the year then ended,. have been properly prepared in ac¢ordan¢e with Unit¢d Kingdom Generally Accepted A¢¢ountsng Practice; bave been prepared itt accordallce with the requirelllents of the Companies Act 2006. Basis of Opinion We conducted our audit in accord&]ce with International Standards on Auditing IUK) (ISAg (UK)) al applicable law. Our responsibilities under those standards are rther described in the Auditorfs responsibilities for the audit of the fmanoial stertntS Section of QUT reporL We are independent 0£ the Group and Charity in accordance with ethical requiremellts that are relevant to our audit of the fman¢ial statements in the UIC, including the FRC'S Etbical Siandard, and we have fidfilled our other ethical responsibilities in accordance v/ith these requirements. We believe that the audit evidence we have obtained insufficient arAd appropriate to provide a basis for our opinion. Conclusions Relating to &)Ing Coneern In auditing the group fUnCial statements, we have concluded that the tru8tee8' Use of tkn goillg concern basis of accounting in the preparation of the fmancial statements is appropriate. Based on the work we have perforn]ed, Tve have not identified ally materRal uncertainties relating to events or conditions tbaL individually or collectively, may cast significant doubt on the group and charity'8 ability to cotttinue as a going Concern for a period of at l¢ast tw¢lve months from when the fmallcial statsments are autIrISed for issue. Our re8pDnsibilities and the Te8ponsibilities of the twstees with respect to going concern are described in the relevant sections of this r¢port. Other Informatlon The trusteeg are responsible for other inforniation. The other infornwtion Gomprises the inforn]ation included in the annual report other than the financial stat¢m¢nts and our Auditor's report therein. Our opinion on the financial statements does not Cover the other inforrnation &nd, ¢xcept to the extent otheThvise explicitly slated ill our r¢por¢ Nve do not express any form of assurance ¢onclusion thereon. In connection with our audit of the fittancial 8tat¢rnellts, our Aysponsibility k8 to read the other inforniation and, in doing so, consider whether tbe other infommtion is materially inconsistent with the flnancial statements or our knowledge obtatned in the audit or otherlSe appears to be mat¢rially misstated. If we identify such material incots.8lStencies or apparent nuterial misstatements, we ar¢ required to detem]ine whether diere is a material misst&ternent in the finan¢ial statements OT a material misstatement of the other infommtion. I£, based on the worlc we have pertornied, we concliide that there is a material mi8StateJllent of this other inforn]ation, we are required to report that facL We b&ve nothiog to repDrt in this regard.
ROMSEY MILL TRUST PAGE 20 INDEPENDENT AUDITORS REPORT TO THE BOARD OF MANAGEMENf OF ROMSEY MtLL TRUST AND GROUP FOR THE YEAR ENDED 3 1ST MARCH 2024 Opinion8 on other matters prescribed by the Cojnpanies Act 2006 In our opinioffj based on the work undertaken in the course of the audit: the infonnalion given in the annual report for the fiftancial year for which the financial statements are prepared is consistent with the fillan¢ial 8tatement8,' and the aDnual report has beett prepared in a¢cordan¢e with applicable legal requirements, Matters on which we are required to report by exceptlon In the light of the knowledge and understanding of the Group and Charity and it environment obtailled in the course of the audit, we have not IdentLed rnaterial mi8statement8 in tbe Annual Report. We have nothing to report in respect of the following matterg in relation to which the Compallies Act 2006 requires u8 to report to you if, in our opinion: adequate ao¢ounting records have not been kept or Tell8 adequate for our audit h4v8 not been received frotn brdnches not visited by us. the financial staterrtents are not in agreement with the accounting records and rett8, certain disclosures of trustees, remuneration specified by law are not tnade. or we have not obtsined all the infonnation and explanations necessary for the purposes of our audiL Responsibilities of the Board of Man8gement As explained more fully in th6 Board of Management's r88pon8ibilitie8 Statement set out on page 18 the Board of Management are r¢spon8ible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as they detern]ine is necessary to enable the preparation of fmancial statements that are free from material tiiisstatetnent, whether due to fraud or eor. In preparing the fmancial 8tatement8, the Board of Management are responsible for assessing the Group and Clwitys ability to continue L8 a going concern, disclosing, a8 applicable, matter8 related to going ¢oncern and using the going concern basis of accounting unless the Board of Management either intend to liquidate the Group or Charity or to ¢eas¢ operations, or have no realistlG altemative bu¢ to do so, Our respongibilltles for the audit of the finxneial statements Our objectives atr to obtain reasonable assurance about whether the fancial statements a whole are free from nmterial i88tatemenL whether due to fraud or error, and to 188ue an Auditor's report that in¢lude8 our opinion. Reasonable asswance is a high level of assurance, but it is not a guarant¢¢ that an audit conducted in accordance with ISAS (UK) will always deduct a n]aterial tnisstatement when it exists. Misstaternents can arise from fraud or eOr and cottsldered nterIal if. individually or in aggregate, they Could reasonably be expected to iJfluen¢e Ihe economic decisions of users thken on the basis of these financtal statements. The extent to which our procedures are capable of detecting irregularities, Includlllg fraud .trregularities. including fraud, ar¢ in8tanGes of non-compliance with laws attd regulations. The prirnary responsibility for the prevention and detection of itregularities including fraud rests with both the numagement and thoye charged witb governance of the group and charity, We designed procedures in line with our responsibilities, outlined above, lo detect material misstatements ill respect of irregUlltie8. including fraud. The extellt to which our procedures are capabl¢ of detecting irregularities, including fi'aud is dekiled below: We have considered the nature of the illdusty and sector, control environment, laws and regulations and business perfornnCe of the group and charity, including its remuneration policies. Laws and regulations considered included, but were not limited to, the Compani&9 Act 2006, Charities Act 2011, Charity SORF and FRS102, We have enquired with nwiagement in regards to their own assessment of the risks of iegularLttCs, including fraud. We also enquired of managen]ent and those charged governance as to any known instances of non-compliance or suspected llon-compliance witb laws and regulations. We have obtained r¢l¢vant docum¢ntalion and rq)resentations in order to fortn an opinion on potential irr¢gularitie8, including fraud. We consider¢d the opportLmiti¢s and incentives that nY exist within the organisation for fraud.
RO]AiSEY MILL TRUST PAGE21 INDEPENDENT AUDITORS RE4PORT TO THE BOARD OF MANAGEMENT OF ROMSEY MILL TRUST AND GROUP FOR THE YEAR ENDED 3 1ST MARCH 2024 Based on this understanding, we designed 8pecAfi¢ audit procedures to identify instances of non-con]plianc¢ with laws and regulatsons, Includll obtaining additional corTobar&tive evidence as rcquired, Examples of pro¢eaure8 included reviewing large and unusual transaction8, reviewing large unexpect¢d variances. reviewirtg journal entries alld reviewing l¢gal corre8pondence. There ate inherellt limitations in the audit procedures described above, not at least as sampling is used under International Auditing Standards, therefore not all tran8action8 are reviewed. Thx8 means there 18 a risk we will not detect all itTegularities including those leading to a material misstatement in the financial statements or non-complianGe with regulations, The rislc of not deteoting a nterIal misstaternent due to fraud 18 also higher than the risk of not detecting one resuitmg from etTOr, a8 fraud nlay involve deliberate Concealment by, for exarnple, forgery, collusion, on]is8ion or intentional misrepre8entation. Relevant tdentified law8 and regulations were con]municated within the engagement team so they ren)ained &lert throughout the audit for indications of fraud or non-¢omplianGe. A fLffther description of our responsibilitie8 for the audit of the fall¢la1 staternents is located on the Financial Reporting Council's website at: www,&¢.org.uklauditorsre8ponsibilites. This description fornts part of our Auditor's report. Use of our Report This report is made solely to the Group and Clwity's mernb¢r8, as & body, Ill accordance with Cljaptsr 3 of Part 16 of the ConLP8llie8 A¢t 2006. Our audit work has been undertaken so that we might state to the Group and Charity'8 member8 those matters, we are required to slate to them ill a Auditorfs report and for no other purpose. To the fjjllest extent pgrmitted by law, we do not accept or a88ume responsibility to anyone other than the Group and Charitvs members as a body, for our audit work, for this report, or for the opinions we have fornied. Iall Shipley FCCA, Setiior Slatuto Auditor for and on behalf of Prentis & Co LLP, Chartered A¢¢ountsnts and Statutory Auditors 115c Milton Road Cambridge CB4 IXE 2£Eh Z&l¢
C40 In In DI r In oo In rn In fn omow¢o e CC rri Di cq o e4um Ci LD ty] (N In o cwc In In 00 o co In In * m ¢> 0¢ 00 tn ro In rn - GO O <> WL) * r4r4U UU ¢<
ROMSEY MILL TRUST PAGE 23 CONSOLIDATED BALANCE SHEET AS AT 3 1ST MARCH 2024 2024 2023 Note FIXED ASSETS Tangible fed a8sets 943,088 958,253 CURRKWf ASSETS Debtors and prepayments Deposit ac¢ounts Casli at bantc alld in hand 221,272 165,000 578,252 294,648 165,000 651,125 964,524 1.110,773 LIABILITIES Creditoi's: falling due wilbiTh one ytar io 73,348 154,580 NET CURRENT ASSETS 891,176 1.834,264 956,193 NET ASSETS 1,914,446 FUNDS OF THE CHARITY Unrests'icted fimds: G¢iierE41 fiJnd8 Desiguat¢d funds 888,868 20,000 892,345 20,000 13 908,868 912,345 R6&tricted funds: Olh¢r restri.¢t¢d flfftds Rojnsey Mill Ctre fuiids 11 12 44,015 881,381 120,720 881,381 925,396 1,002,101 TofAL CHARITY FUNDS 1,834264 1,914,446 Approved by the B0d of Managen]¢nt on 2024 T Pbipps (C
ROMSEY MILL'fRUST PAG.E 24 CHARITY BALANCE SHEET AS AT 3 1ST MARC'H 2024 2024 2023 Note FIXED ASSC4 TS Tangiblt t-lxed assets 942,l65 957,022 CUIIREI Nf ASSII TS Debtoi3 and piepayments Deposit ac¢ouDts Castl at banIc and in hattd 370,090 165,000 428,611 393,333 165,000 551076 963,701 1,109,409 LIABILITIES Croditors: fallri?g due within one ye 10 72,526 15J,217 T CURREDrr ASSK'rs g91,175 1,833,340 956,192 NE'f AS8ETS 1,913,214 THF. IIUNDS Qli THE CHAIUTY UnrestriLted fvnds., General fun(Is Designated funds 887,944 20,000 891,113 20,000 13 907,944 911,113 Reslricled fuiids.. Other rtsstricted funds Romscy Mill C'ciitre fitnds 44,015 881,38l 120,720 881,J81 L2 925,396 1,002,101 1,913,214 TOTAL CHARITY FUNDS 1,833,3É10 Appi'oved by the Board uFManageill¢nl oli 2024 T Phipps ( lfvUO1Tr) VP,
IlOM8y MIJ.l. I'RUS r PA(il= 25 CONSO.LIDATED S'TA'fiMLINT 01- CASH fLOWS' I,'OR TFIE YLAR ENDED 31 ST MARCH 2024 2024 2Q23 Notc Net casb providcd byl(used in) operating activitie 16 (61,357) (64,496) Casli flows from investing activfities: Interest reLeived Purchase of tV4ngibl¢ fixed assets Net Gash used in investing a¢tivities 2,954 (14,470) (11,516) 1,044 (27,887) {26,843) Challge in cash and cash cquivalenls in ihc i'epoi'ting period Cash and casli equivalonls at the bogYnning of tlie reporting period Cash and C¢ish equivalcnts at ihe end of the Teportiiig period (72.873) (91,339) 816,125 907,464 743,252 816,125
ROMSLY MILL TRUST PAGF, 26 NO'fF.S I'O TE fiNANCIAI. SI'A'fEMF.NTS I;OR Tt£ YE.AR ENI)ED 318T MARCJ4 2024 ACCOUNTING POLICIES Basis Dt. preparation and llSSLssmLnt i)f going coiicei-n 'rhe finaiicial stat¢inents l)ave bcon pi'epai-ed lder tlie historical cost convcnlion with itcms Tecognised at Losl or tr(it)S¢lCtion value unless othcnvise staled in the i'clevdnt notcs to tb¢s¢ financial stalfflnents. 'I'he financial slatem¢nts have been prepared in accordance with the Statement of Recommended Practice.. Accounting and Reporting by Charitics preparing their accounts in accord]ce with the F-inatLCi¢il Reporting Standard applicable in the United Kingdom and Republic of Ireland (fRS 102) issued October 2019 (effective Sai)uary 2019) and Ilie I iiiancial Reporting Staiidai'd applicable in thc Unitcd Kingdoni and Republic of Ireland (I",R8 102), the charities Acl 201 l and Companies Acl 2006. The 'l'rusÉ conslitulLs a public bengfit enlity as dcfined by FRS 102, The Ti'ustees coiisidcr tliat I'here are Do material unLerlainties about the Group's ability t'o continue as a going conLerll. Group Financial Ststemcnts 'I'hese findnLial sl'al'¢ments consolidate tlie results o.fthe Cliarity and Cara coff.ee l.imitcd Functional dnd Presentation Currency These consolidaled financial staternents are Presented ill pounds sl¢rling wliich is the Chllrily'8 and subsidiary's runctional currency. All amounts hdve bceii rounded to the nearest pound, unlcss otherwis¢ indicated. Income Recognition Ii)come is recogiiised whet) the charity lias entit'l¢inent lo the funds, any conditions allached to the income have bo¢n inel il is prubable 11)at the iiicome will be rcccivcd and I'hc ainouiit. can be measiii'cd rcliably. liicoine froin Eoveriiment. and other grants, whether 'Lapktal' or '¥evenue' grdnt8, is recognised when the cliarity has enlitlen)ent to the fundty. V411y conditions attached to thc graiits have been met, il is probable that the income will be r¢¢eiv¢d and tbe nOunt C¢in be measui'ed reliably and is not de'ferred. Tr:xpenditurLI IleeognitiDIi F.xpcndilurc is recognised oncc tl)cr# is d legal or constructive obligalion to make a pEiymcnl to a tliird party, il is probablc Ihat scltleinent will be rLquircd and the dmuunt of obligat'ion Cdl) bc measured i-eli¢ibly. Expcnditur¢ iiicui'i'cd oil fundrSing and publicity to gonerate um'estricted incoii)e to suppoit dirLcl Lhui'it(IblL activities is includLd 111 costs ol gener&ting funds. "fliat IncUed to gcneratg restricl'od in¢otne is included in support cost8 (Scc iiote 4 below). Alloc&tlon ol. S'upporl Costs Support co,8ts arc those functiviis tliat aS.8isI the woi-k of tlie charity but do iiol dirL'LI'ly undertake charitable activities. Supports costs include b1< ck offiLL cosls, finance, perso]lliel, payroll and govci'nance cosls wliiGli suppoit thg charily's ELCtivitics. These costs h¢lVC been allocated betwe7 cost of rSillg funds and cxpenditure on charitiiblu aLtivities. 'I'he basis on which support costs h<ive been alloc<lt¢d arc set out in iiote 4, l)cpr¢¢iation Dcprecialion is nol PTovided on the freehold building as aiiy piovisioii (tmiiual or cumulalivc) would not bc Inc1tCl-Ic11 due to its expccled remaining useful economic life and bccausc ils expected residucil Viilu# is not inat¢rially Icss than its caying value. fkLe 'frust lias a policy olregular structuriil inspcction, i'epair and inainlentLnce and IhL building is thLTelorc unlikely deterioralc 01. 8uffcr fi-oin obsoSescciicc. floor aovci'ings within the building are d¢prcciated over l O yoarn 011 1( sb'aighl line basis. DLpreciation on all ot'hci. as.8cts is pruvi(Icd at ihc following rats'5 iii ol-der to writL' off ¢(h assct. over Its esl'iin1c tcd U8cful life down to il's residual value,, r4lXturcs and fittiiigs - 20 % slr(iighl line and Computer equipnient- uvcr 3 oi. 5 yeai's depelldIt oil thc asset uso Mutor vchTclc8 - 20 % stt'aight line Pension Costs Romsey Mill conLributes, oli uer(ain c()iiditioiis, into einployees, own peiision scli6Thos, Contributions payable are cliai-ged to tlic stalemeiit O'fflincal (ictivitics in I'hc pcriod to which tl)ey relate. Fund Accoullling UnrestriGt6d lunds air available to spend oli activili6s which fui'lh¢r aDy o'f the pui'poses of tlie chlty. DLSLgnLttcd funds are unrestriLtLd funds which thc trustees have dccided at thcii- dis¢rction to set &8id¢ to use for a spccific purposes. Restrictcd funds are for usc solely as spccified by the donor foi p(lleU1ar areas of the ch'Ity'S ivork.
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ROMSE.Y MILL 'I'RUST PAGF 29 NOI'LS TO TI-IE FINANCIAL. SI'A TEMENI"S roR'I'14F. YEAR FNDED 31 s'r MARCI-12024 STAf4F COSTS 2024 2023 Wages and saliirics S<)cial security costs Pensioii costs 1,010,938 72,277 45,142 963,818 71,301 42,351 1,128,357 1,077,470 l'h ar¢ 19 (2023: 18) full tiine and 41 (2023.. 43) P¢lrt tijne membcrs of slaff who aro all involved in dircct cliai-itable activities. I'his equates to 3 6.5 full tILt]L Qquivdlent slaffat 31 st MarLlI 2024. One cmployce reccived £60,000 or more in the year (2023: une). I'he ¢li¢irily'S Iruslces received no reit]uiieralion during the year (2023,. none), The charity coiisiders it's key iiianagLmeiit to bL its ILadership aiid management learn comprising tlic CLO Ic nd 3 senior managLrs. The aggregate rL'muncr(iliuii of ili1% Iu¢iin is £21 l),8%4. (2023: £209,248) NEI T b Xl)ENDITUIiF Tr OR THE YTr AR Total 2024 Total 2023 Thts 18 stated after chargiiig.. ALiditors' remunerdtion 6,262 5,514 'rAXATION As a iYgLSter¢d charily> Roms¢y Mill 'l'rust is genCr1]Y exciiipt Fj'om Income Tax and Capital (yains fax, bul. not 'froi]] VAT. In'ecDverable VA'[ i.q included in thL Losl of Lhosc iteins lo whicli it relatcs. 'J'ANC,IBLr r4 IXFD ASSE'I'S {GR()UI) ADID CHAllY'rY) CURREN'f YEAR Motoi. VLhiilLs Lllnd & BuildiiiLYS li ixturLs & Fittiiigs 'rotal As at I st April 2023 Additions Disposals As at 31 sl Miirtih 2024 23,634 935,1179 274,050 14,470 (91,608) 196,912 1,233,563 14,470 (91,609) 1,156,425 23,634 935,879 D¢preciatioii As Élt I st Aprij 2023 Charge for the period Fliminated on disposal As at ) 1st March 2024 8,272 4,727 54,4911 212,540 24,908 (91,608) 145,840 275,310 29,635 (91,608) 213,337 12,999 54,498 Net Boolc ValuL As al 31 st Marcli 2024 GII()IJP 10,635 881,381 51,072 943,088 As ¢il 31 st March 2024 - CEIARI'ry 10,635 881.381 50,149 942,165 DISPOSALS OF AS.sr'rs Management ¢il' Roiney Mill dccidcd io clcdl. (Ii)wii Ihc I"Ixed assLtS bchedule wh¢rc itcins have bccn replaLed bul Iiol C¢ipiialised. Nu disposal pro¢ecds wcre made ab thc itCLllS wcro kepi until ihcy no loii&)'er had any uge left, tl)crcfore no profit or loss on disposal tu disclose.
IIOMSI-, Y MIl,L 'fRUST PACyl, 3 0 NOI'I-.,s 'ro T14f. FINANCIAI. STA TEMF,NI'% FOR'fHI:' YFAR END.ED 31 ST MARCTrI 2024 'rANC..IIILEI FIXED ASSF.TS (GKOUI) ATr4D (:] IAllJ'rY) PIIIOII YEAR Cost As at 1st April 2022 Addil'ioi)s Disposals As at 3 1st March 2023 Molor VLIIiLI¢s Land & Iluildings Fixtures & ittings Tolal 23,634 935,879 246,163 28,102 (215) 274,050 1,205,676 28,102 (215) 1,233,563 23,634 935,879 l)epriciati()ii As at 1st April 2022 Charge for tlie period As at 31st M-¢h 2023 3,545 4,727 54,498 191,182 21,358 249.225 26,085 8,272 54,498 212,540 275.310 Net Booli VRIUC As at 31st M&i-ch 2023 - GIIOUP 15,362 8111.381 61,510 958,253 As al 31 st Mai'ch 2023 - C'IIAllI'rY 15,362 8111,381 60,279 957,022 Dri B TORS Cjroup 2024 Charily 2024 Charity 2023 2023 Deblors l)rep(iyments and accrued incoine Intel- grvup bal<ince IlJ,622 107,650 11.3,621 106,554 149,914 370,090 IXl,867 112,781 181,867 112,514 98,952 221,272 294,648 393,331 io. ciiri DITORS: FALL1Tr4C. DIJL< WITI IIN ONf< YFAII Groiip 2024 ChrItY 2024 Cyrollp 2023 Charity 2023 'I'riide credit'ors Other iaxcs and soiial sc¢urily ¢osl8 Other creditors, accTLials and deferred incomc 4,190 21,511 47,647 4,105 21,511 46,9lO 13,216 19,587 121,777 12,550 19,587 121,080 153,217 73,348 72,526 154,580 11. IIEsfiiicTTr D UNDs- CURRFNT YLAR At 31st M4rLh 2024 1st Aiiril 2023 Income bdxpenditurL Youth Dev¢lopment and Altern&livc l=ducdtiDn Youth Music Childi'en in NcLd The ChLYry fwiiily lioundatioii Sheiford & Stapleford Youih Initiativ L&iiibridgeshirc County Council - Northstowc Ilathbone5 Cainbridgeshire Skills - YoLlth Woi'lcing Trainin (:a111bi'idgeshire l-lolid(iy Activities itnd l ood l)i-OiVl'cimine Soulcr Cliarilable I"ru8L Iloward found(ition Cainbourne Youth Partnei'slup 13eacoii Youth Trust Canibridge City Coui)cil ComtnuLuty Grant ()rCh-d Pai'lc P&rish Coullcil Cambridgeshir¢ County Council - %cri()iis Vii)ILIiLLldLblachtsd Police and Criinc Goiiimisioncrs 'I'he National Lotleiy rhe N¢ilional JuOtlery- Yuuth Work Traiiiing N(iliondl Citii,ens Service C'anibi'idgeshirc Cummiiiiity Reaohiiig l-,urthei awui'd 29,947 17,570 33,364 47,517 33,364 9,727 7,518 31,500 7,248 5,398 3,279 3,000 4,1100 43,950 49,401 19,900 5,025 33,750 800 151,620 24,391 1,666 2,500 485,554 9,727 7,518 31,500 2,531 2,1198 3,279 4,717 2,500 3,000 4,000 43,950 49,401 19,900 5,025 33,750 800 145,306 6,314 24,391 1,666 2,500 404,958 80,59C?
ROMSEY MILI. TIIUST PA(yF 31 NO"fES T() ThIE FfNANCIAL 8'1'AI'EML-N'rs roR TE4F. YEAR INDFJ 3 Is'r LC12024 I I. RLSTIIICTFI) FIJNJ)S - CIJIiRFNI' YEAII CONTJfiuJi l) At 31sl March 2024 1st April 2023 Iiicome fiJxpLndil'ui'e Parents Pr() You]]UarnMe ComiG Relief Cambridge City Cout]cil Community Granl Ckiinbi'idgcshire Skill 47,371 7,187 19,600 47,371 7,187 19,600 74,158 74,1511 ire Pro ramme 'J'he Bailey I'hotnas Charitable blLnd I'he Strangward fnL8t 'I'he Vranlc Lilchfield Geiieral Chdlltablc 'l"rust Microsoft Rcscarch Liinitcd l-'u])d Lambridgeshire Lowity Couiicil - Cultivdle I,'und Canibridgo City Council Coinmunity Cirant pyr. Foundation FIenry Sniith Ldmbridgeshire Public FIealth Canibs aTLd Peterborougli Iiilegrated (Jai'e I10td (NL IS) l-lills lioad Sixth 1401'm The Evclyn Trust 2,000 2,000 1,000 500 3,124 12,500 5,000 3,500 41,500 20,000 53,935 5,000 3,750 2,000 1,000 500 2,624 5,000 2,000 7,500 5,000 3,500 42,000 1,5DO 10,000 20,000 10,500 84,950 5,000 3,750 31,015 40,124 155,700 151,809 44,015 120,720 634,816 711,521 44,015 I I. IiTr:S'I'RIC'I'F.I) 14UNDS' I)IIIOII YLI All At 1st April 2022 At 31st MarLh 2023 Income £1 xpenditure Youth Develo Youth MusiL 'I'he Leys The CheiTy b atnily foundalion Sliclfoi'd & Slaplefoi'd Youlli Initiutivc Ilathbon¢g outer Lhariiablc T'rust Floward Foundation Cambourne Youth Partnership Beacoii Youlh Trust C(tmbridgc City CoullLiI Commiinity Gr1< nt C%K Pctciboi"ough 'I'he Nalional Lotlery Thv Natlondl I.,otteiy - Youtli Work I'raining E4dmplon Parish Council Children iii Need 13eÉiverbi'ook Sci'ewfix liullscope Cambridgesliire County Council Nortlistowc Ijolice (tnd Crime Commissioiiers Canibridgeshire Flolidic y AcliviLiLs and FOOLI I)rogTdiiinie Oi-chard Park l)arish Council Inent 1( nd Altei'nativc J-ducatioii 37,434 3,687 39,930 1,823 12,971 7,244 12,065 3,000 4,000 42,000 4 5,2154 26,000 47,417 5,510 3,244 7,244 12,348 29,947 9,727 5,000 4,717 3,000 4,000 42,000 45,284 26,000 6,3 95 143,834 35,544 1,950 31,453 1,000 992 51,469 15,750 3,145 5,625 5,953 9,076 11,343 1,950 141.072 48.592 6,314 24,391 31,453 1,000 992 51,469 15,750 3,145 5,625 5,953 elfwd tu page 32 68,490 505,763 496,157 78,(J96
ROMSEY Mtt.L TRUST PACJE 32 NOTI8 TO I'IIE FINANCIAL S"I"ATEMLNT% OR'fHE YE,AR r.NDED 31 S'T MARCI.12024 11. RLSTRICTII D FUNDS - PRK.()11 YFAII ..c()N'riNUFD At 1st April 2022 31st March 2023 Inci)me li xpcnditure blfivd from pag¢ 31 Youth Develo ment and AlteTnative ]-:, ducation CainbTidgeshire Skills Youlh Worli Training National Youthwork Ageiicy 68,490 505,763 496,157 78,096 10,293 8,625 524,681 7,793 8,625 512,575 2,500 68,490 80,596 Olher restricted funds CaLnbridgeshire 14usiness Golf Socicty 11,119 11,119 11,119 11,119 . YOULI Pareiit Pro¥ramme Coniic Ilclief Lambi'idge City Council Coininunily CJrant Cambridgeshire Slcills Wal'm Sp¢iLes 51,068 5.500 22,003 1,000 51,0611 5,500 22,003 1,000 79,571 79,571 Aspire Pro riie BailLy Thoinas Cliaritable l.uiid Ilic 131unt Trust 'rhc flank I,itclifield CJencr(Il (.11<Ilable l lust Microsoft Re&8ttarcli Limited Lind (;ainbridge8hiL'C County Council - CultivatG [,.[d (:liri.%liiias Appeal South Cainbs YP Henry Srnith Cambridgeshire Public l-Iealth AIIM 4,000 2,000 150 500 875 2,500 17,591 3,119 30,000 2,000 150 1,000 3,499 7,500 500 2,624 5,000 17,-fj91 40,000 20,000 21,460 97,459 i 0,000 20,0011 21,460 20,860 78,195 40,124 100,469 701,711 6x1,460 120,720 Th¢ iestrictcd funds being caLTied forward at the ld ()t Ihe year generally i'epreseiit grants received in advance for work to be carried oul in thc following yLdr. 14or iii'lormatioii re8d[n8' the various activitics oullined above, see pages 2 - 3 of Ihe account's. 12. IIOMSFY MILL CJ NTIILI FUND - CURKFNT YLIAR At 31st March 2024 Isl April 2023 lllLomc rijxpcnditure 'frllnsfer tioinsey Mill Cenlre 881,381 881,381 ROMSEY MILL cm wfiiF IIUNI) I)IIIOII YFAII At 1,st Api'il 2022 At 31st March 2023 Ineume Expenditure 'l'ransfers Roinscy Mill Ccntre 881,381 881,381 rhe purpose of the fund is to i'epi-esent Ihe nct book valuo of th¢ building in Notl 8.
IIOMSI",'Y MILL 'fRUST PAGE33 NOTES TO TFIE FINANCIAL SI'A T]=NTs roR Ti4f YEAR IINDED 3 IS"F MAIIC14 2024 13. DF.SICNATED f4UNDS . C:URRENT Yfi All At Isl April 2023 At 31st March 2024 Income Expcnditurc ry'ran4fer5 13uilding Maintenanc¢ Reservc Programtnes 5,000 15,000 5,000 15,000 20,000 20,000 Dll 8IGNA'fED TUNDS . PRI()11 YFAR At 1st April 2022 At 31sl March 2(123 Ineomc ExpLndituYc Transfers Buildiiig MdintLiiance Res#rvc Aspii'e Prograinme Progrm¢S 5,000 15,000 (3,000) 3,000 (15,000) 15,000 3,000 5,000 15,000 20,000 20,000 (3,000) 'I'he Kibove tr)sEerS aro i'i'flected withiii unresl'ricl'ed lunds in thc Sidl'cment of Fi iiian¢ial Aclivities. Building Maintenaiicc Rc$ervL' 'I"hi.8 roseive is to ensurc Roillsey Mill Tntst has funds I'o inect the costs of unantiGip&tLd inajor i'epairs to tlie building. Pri)grammes 'I'his rcs¢rvo is to ei)SLire Romsey Mill I'ru.%l' h&8 Ilii, funds to meel. tlie costs of itg ongoillg prog'din111LS in which i'estrictLd runding iiiay not covei.. 14. ANALYSIS Ol< NEI. ASSLTS ufil'WFVN FUNDS - GIIOUP CURRCI NT YEAII Unrestricted funds Restrict'ed A'uiids othci. Cyeiieral Desiglli l'ed R(bmsey Mill Ret4trictcd 2024 runds funds Centre funds 14ixed ass¢ts Not Lurrcnl assets 61,707 1127,161 888,868 881,381 943,088 891,176 20,000 44,015 20,000 881,3%1 44,015 1,834,264 A.NALYSIS OF NLI'f ASSETS .BEI'WE< Li N FUNDS . GIIOUI) PRIOH YFAII Unre5trictcd funds Restricted funds Other Cyencral Designat'cd Romsey Mill Rcstrictcd 2023 ruiids funds Centre funds I'olal fiixed assets Net. Lunrnt assets 76,872 815,473 892,345 881,38l 958,253 956,19J 1,914,446 20,0110 120,720 20.000 8111,381 120,720
ROM.8LY Mtt.L'fRU,£"r PAGL 34 NOTLS TO TI.IE FINANCIAL STATI-,MF.N'rs I,'()R 'rIir. YrAR LINDED 31 S'I. MAIIC,H 2024 15. RELA TEI D PARTY TRANSACTIONS I"hrougliout thc year tlie chdi'ity W<ib conts-olled joiiilly by tlie IIo¢ll'd of Ma.iiaggmLnt. No ¢xpense5 werc reimburscd to 'fru5tecs by Ilie Lhai'ily duriiig thc ycar (2023.. £Nil). riee incoine of£257 was rcceivLd fT()In 'frLlStL¢4 during tlie y¢u (£761,. 2023), l.hcsc were at tlic markLI rate, A trustce (N Taylor) is also Ic trustcc of C<imboiii'ne YoLlth l)artiiLrsliip, a charity whicli diiring thL yedr was engaged in a contract witli Iloinscy Mill 'l'rLlSt loi- tlio pi'ovision of a pait time Y()uth.D¢velopm¢nt' Workei.. T'l]is conlract is operated on an mS Icngth bdsis, A Single's (Cliair) husband is a T'rLlStee of %purt8 (;()nilLLt'ion Fouiidalion, in which Jlomsey Mill 'frust woi'lcs in Pl£ rtnership to run aLtiviti¢s, e.g. football gdmes, foi. 11IL bLncfil' ofihe individuals it suppoits. A Singlc reccives no i'einuncration oi. h(Is any othci. fiiidncial iiivolvcniciit. ThL Lhtvity Formed a subsidiary coinpany, L¢if<i CorrcL I.iillited, on 23rd M'¢h 2019, Two truslees, J I-IildLrsley Ind IC Pcarson arc directors, together with thtt charity's CLO, N Peiry, 16. RLCONCILIAI'ION Ot4 F.XI)L4 NDITUlll< 'l'O NL4'f CAS111I LOWS IIIOM OI'FIIA'I'ING Acl'IvI'rS (GRI)UI) AND CI IARITY) 21124 2023 Nct. movement in fuiid8 Adjustments for,. j.ess inv6stftneiit iii¢om¢ Add depreciation IncrccisII(decrca8L) in cr¢ditors Decreasel(Incrcase) in dcbtor8 Nct cash provid¢d liyl(usod in) opcr&tung aLtiviliLs (80,182) 59,251 (2,954) 29,635 (8C?,611) 78,755 (1,044) 26,0145 (1,376) (147,412) (64,496) (61,357) 17. OPFRA TINC, LlI.ASF COMMI'fMTr NT,% (CIIOIJP AND CIIARII'Y) 2024 2023 'rhe 'FollowinLY operating ILase paymenls arc ci)miniltcd to bc paid.. Tot'al futLwe commitmeiits 141,458 16l,100 A n¢w lease foi tbe Cb2( rity Shop conwienLed on Xtli M¢iy 2023. 18. INVTr s"fMEN'fs - CllARITY SUB,SII)IARlb Cara Coffee Lin]iled Country of Incorporation,. Fnglajid aiid Wal¢s Nature o'f Busincss, I'i'ading Class of sharLIs: Ordinclry /0 FloldlnLI loo Y¢iir endLd J.Ist M#i"Lh 2024 Yer eiideil 3Jst Miirch2U23 Aggi'cgatc capital aiid rcsei'ves bi'ought fonvai'd Prof1t for the year D011aled to parent (Iloinscy Mill Trust) Aggi'egale capital aiid rescrves Larried foaI.d 1,232 8,099 (8,407) 924 1,141 12,985 (12,X94) 1,232 'I'lIL Trilst was giftcd IOOO/o of IliL issucd ,%liai-c C¢ll)ildl i)f Cdra (:()ffcL l.iiiiitcd (coinpany nuTnbcr I I C)01327), a COlnP(tny illLoipof4lted ill r.iiglthd and W(Iltss 011 231-d Mai'ih 2019. 1'1i¢ Trusteos decin the mk&t Vdluc or Ihese shares to be £Nil. 'I'he subsididry uiiderLal<ing is inclLided within tlie consoliddted accollnts.. I"he cELdTLty fonned a subbidiGiiy compatLy, (;ar(t (:olTcc lJiLllilcd, 011 2Jrd m(ch 2019. 'Fwo truslous, J l-Iildersley aiid K Peai'son arc dii-ect017, togetlicr witli thL clicll-ily's CBO, N l)cn'y.