Charity registration number 1078747
Company registration number 03589046 (England and Wales)
MOULTON WINDMILL PROJECT LIMITED
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2025
MOULTON WINDMILL PROJECT LIMITED
LEGAL AND ADMINISTRATIVE INFORMATION
| tae ee | SS eee |
|---|---|
| Trustees | Mr B Hahn |
| Mr D Buck | |
| Mr A Lambert | |
| MrJGrimwood | |
| Mr R Oldershaw | |
| Mr G Hoare | |
| MrD Hall | |
| Mr CWorth | |
| Mr K R Richardson | |
| Mr 1 R Betts | |
| Mrs M A Lambert | |
| Charitynumber | 1078747 |
| Companynumber | 03589046 |
| Registeredoffice | MoultonWindmill |
| High Street | |
| Moulton | |
| Spalding | |
| Lincolnshire | |
| PE12 6QB | |
| Independent examiner | TC Group 33 Boston Road South |
| Holbeach | |
| Spalding | |
| Lincolnshire | |
| PE127LR |
MOULTON WINDMILL PROJECT LIMITED
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CONTENTS
ne
Page
Trustees' report 1-2
Statement of trustees' responsibilities 3
Independent examiner's report 4
Statement of financial activities 5
Balance sheet 6
Notes to the financial statements 7-16
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MOULTON WINDMILL PROJECT LIMITED
TRUSTEES’ REPORT (INCLUDING DIRECTORS' REPORT)
FOR THE YEAR ENDED 30 JUNE 2025
a
The trustees, who are directors for the purpose of company law, present their report and financial statements for the year ended 30 June 2025.
Objectives and activities
Objects and aims The charities objective is:"the restoration of Moulton Mill to full wind power and to preserve the milling heritage of the talest mill in the United Kingdom" During the year under review the charity has met these objectives by generating income by opening the mill to the general public and fundraising activities.
Public benefit
in planning our activities for the year we kept in mind Charities Commission's guidance on public benefit at our trustees' meetings. To achieve these objectives, the trustees monitor closely how the project is delivered in accordance with its standards and to maximise the value to the beneficiary groups.
The trustees are very grateful to the volunteers who have given their time so generously in helping the charity during the year. The trustees confirm that they have complied with the requirements of section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales.
Financial review Policy on reserves
The board of trustees conducts an annual review of the level of unrestricted reserves not committed or invested in tangible fixed assets ("the free reserves") in the general fund by considering the risks associated with the various income streams, expenditure plans and balance sheet items. This enables an estimate to be made of the level of reserves that are sufficient.
i) to allow for reorganisation in the event of a downturn of income or asset values ii) to protect ongoing work programmes iii) to provide for routine and exceptional maintenance
The charity has a rolling 5 year capital plan that is regularly reviewed by the trustees to ensure compliance, maintenance and sustainability of the project. The level of reserves are in line with the charity's risk management strategy.
Under the constitution, the charity has the power to make any investment which the trustees see fit provided appropriate advice is taken from a professionally qualified person under the Financial Services Act 1986. However the trustees choose to take a prudent approach and temporarily invest surplus funds in bank deposits.
MOULTON WINDMILL PROJECT LIMITED
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
Structure, governance and management
Nature of governing document
The charity is a company limited by guarantee and does not have any share capital. It was incorporated on the 26 June 1998 and is a registered charity.
Recruitment and appointment of trustees
The trustees who have served during the year and since the year end are set out on page 1. The board of trustees have the general control and management of the administration ofthe charity.
Trustees offer themselves for election to the board of directors at the annual general meeting, where their appointment is voted upon by the trustees present.
Organisational structure
The trustees have examined the major strategic, business and operational risks which the charity faces and confirm that systems have been established to enable regular reports to be produced so that the necessary steps can be taken to lessen these risks.
Induction and training of trustees
New trustees undergo orientation sessions which include observation at a committee meeting prior to becoming a trustee, visiting the charity to familiarise themselves in the way the organisation carries out its day to day duties and implements decisions, business planning, the charities constitution and financial performance are also covered.
The board of trustees are trained in the rules and responsibilities of being a trustee of the charity.
Financial instruments
Objectives and policies
The charity's activities expose it to a number of financial risks including credit risk, cash flow risk and liquidity risk. The use of financial derivatives is governed by the charity's policies approved by the board of trustees which provide written principles on the use of financial derivatives to manage these risks. The charity does not use derivative financial instruments for speculative purposes.
The trustees' report was approved by the Board of Trustees.
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MrG=
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Trustee
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Date: [eb] [PFS] - 4-2,
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MOULTON WINDMILL PROJECT LIMITED
STATEMENT OF TRUSTEES’ RESPONSIBILITIES
FOR THE YEAR ENDED 30 JUNE 2025
The trustees, who are also the directors of Moulton Windmill Project Limited for the purpose of company law, are responsible for preparing the Trustees’ Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company Law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that year.
In preparing these financial statements, the trustees are required to:
-
select suitable accounting policies and then apply them consistently;
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observe the methods and principles in the Charities SORP;
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make judgements and estimates that are reasonable and prudent; and
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.
The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
MOULTON WINDMILL PROJECT LIMITED
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF MOULTON WINDMILL PROJECT LIMITED
{| report to the trustees on my examination of the financial statements of Moulton Windmill Project Limited (the charity) for the year ended 30 June 2025.
Responsibilities and basis of report
As the trustees of the charity (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 (the 2006 Act).
Having satisfied myself that the financial statements of the charity are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, | report in respect of my examination of the charity’s financial statements carried out under section 145 of the Charities Act 2011 (the 2011 Act). In carrying out my examination | have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
Independent examiner's statement
| have completed my examination. | confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
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1 accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act; or
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2 the financial statements do not accord with those records; or
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3 the financial statements do not comply with the accounting requirements of section 396 ofthe 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or
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4 the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
| have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.
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Christopher McKenna ACA
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TC Group
33 Boston Road South Holbeach
Spalding
Lincolnshire
PE12 7LR
Dated: AB TIS,
MOULTON WINDMILL PROJECT LIMITED
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 30 JUNE 2025
| Unrestricted | Restricted | Total | Unrestricted | ||
|---|---|---|---|---|---|
| funds | funds | funds | |||
| 2025 | 2025 | 2025 | 2024 | ||
| Notes | £ | £ | £ | £ | |
| Income and endowments from: | |||||
| Donations and legacies | 3 | 17,033 | 2,840 | 19,873 | 7,997 |
| Charitable activities | 4 | 27,482 | - | 27,482 | 22,669 |
| Othertrading activities | 5 | 9,777 | - | 9,777 | 9,423 |
| Investments | 6 | 1,721 | - | 1,721 | 1,689 |
| Other income | 7 | - | - | - | 19,580 |
| Total income | 56,013 | 2,840 | 58,853 | 61,358 | |
| Expenditure on: | |||||
| Raising funds | 8 | 17,302 | - | 17,302 | 14,875 |
| Charitable activities | 9 | 16,117 | 2,840 | 18,957 | 38,212 |
| Total expenditure | 33,419 | 2,840 | 36,259 | 53,087 | |
| Net income and movement in funds | 22,594 | - | 22,594 | 8,271 | |
| Reconciliation offunds: | |||||
| Fund balances at 1 July2024 | 113,837 | . | 113,837 | 105,566 | |
| Fundbalancesat30June2025 | 136,431 | - | 136,431 | 113,837 |
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
MOULTON WINDMILL PROJECT LIMITED
BALANCE SHEET
AS AT 30 JUNE 2025
| 2025 | 2024 | ||||
|---|---|---|---|---|---|
| Notes | £ | £ | £ | £ | |
| Fixed assets | |||||
| Tangible assets | 14 | 9,907 | 15,496 | ||
| Current assets | |||||
| Stocks | 15 | 892 | 828 | ||
| Debtors | 16 | 4,955 | 5,132 | ||
| Cash at bank and in hand | 130,586 | 105,135 | |||
| 136,433 | 111,095 | ||||
| Creditors: amounts fallingdue within one | 17 | ||||
| year | (9,909) | (12,754) | |||
| Net current assets | 126,524 | 98,341 | |||
| Total assets less current liabilities | 136,431 | 113,837 | |||
| The funds ofthe charity | |||||
| Unrestricted funds | 136,431 | 113,837 | |||
| 136,431 | 113,837 |
The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 30 June 2025.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation offinancial statements.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The financial stazements were approved by the trustees on 202728
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Mr A Lambert
Trustee
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7KM
MrG Hoare
Trustee
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Company registration number 03589046 (England and Wales)
MOULTON WINDMILL PROJECT LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2025
1 Accounting policies
Charity information
Moulton Windmill Project Limited is a private company limited by guarantee incorporated in England and Wales. The registered office is Moulton Windmill, High Street, Moulton, Spalding, Lincolnshire, PE12 6QB.
1.1 Accounting convention
The financial statements have been prepared in accordance with the charity's governing document, the Companies Act 2006 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)". The charity is a Public Benefit Entity as defined by FRS 102.
The charity has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows.
The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.
1.2 Going concern
At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.
1.3. Charitable funds
Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.
Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.
Endowment funds are subject to specific conditions by donors that the capital must be maintained by the charity.
- 1.4 Income
Income is recognised when the charity is legally entitled to it after any performance conditions hae been met, the amounts can be measured reliably, and it is probable that income will be received.
Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
MOULTON WINDMILL PROJECT LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
1 Accounting policies
(Continued)
Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.
1.5 Expenditure
All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the use of resources, with central staff costs allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use. Other support costs are allocated based on the spread of staff costs.
1.6 Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
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Equipment 10% reducing balance
Tea room equipment 20% reducing balance
CCTV equipment 20% straight line
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The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.
- 1.7. Impairment of fixed assets
At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).
1.8 Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition. Items held for distribution at no or nominal consideration are measured the lower of replacement cost and cost.
Net realisable value is the estimated selling price less all estimated costs of completion and costs to be incurred in marketing, selling and distribution.
1.9 Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
MOULTON WINDMILL PROJECT LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
1 Accounting policies
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(Continued)
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1.10 Financial instruments
The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention tosettle on a net basis or to realise the asset and settle the liability simultaneously.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
Basic financial liabilities
Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
Derecognition offinancial liabilities
Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.
1.11 Employee benefits
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The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.
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Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.
MOULTON WINDMILL PROJECT LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
2 Critical accounting estimates and judgements
In the application of the charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
3 Donations and legacies
| Unrestricted | Restricted | Total | Unrestricted | |
|---|---|---|---|---|
| funds | funds | funds | ||
| 2025 | 2025 | 2025 | 2024 | |
| £ | £ | £ | £ | |
| Donations andgifts | 4,654 | - | 4,654 | 3,167 |
| Grants receivable | 7,790 | 2,840 | 10,630 | - |
| Donationfrom Friends ofMoulton Mill | 3,840 | - | 3,840 | 4,081 |
| Donated goods and services | 749 | - | 749 | 749 |
| 17,033 | 2,840 | 19,873 | 7,997 |
Donated goods and services
Donated facilities relates to the provision of free rates from South Holland District Council.
4 Income from charitable activities
| Unrestricted | Unrestricted | |
|---|---|---|
| funds | funds | |
| 2025 | 2024 | |
| £ | £ | |
| Admission fees | 5,031 | 4,161 |
| Tea room income | 13,380 | 11,856 |
| Giftshop income | 9,071 | 6,652 |
| 27,482 | 22,669 |
MOULTON WINDMILL PROJECT LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
5 Income from other trading activities
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||||
|---|---|---|
|Unrestricted|Unrestricted|
|funds|funds|
|2025|2024|
|£|£|
|Fundraising events|9,777|9,423|
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6 Income from investments
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|||||
|---|---|---|---|
|Unrestricted|Unrestricted|
|funds|funds|
|2025|2024|
|£|£|
|Interest|receivable|1,721|1,689|
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7 Other income
insurance claim
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|||
|---|---|
|Unrestricted|Unrestricted|
|funds|funds|
|2025|2024|
|£|£|
|-|19,580|
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MOULTON WINDMILL PROJECT LIMITED
FOR THE YEAR ENDED 30 JUNE 2025
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
a
8 Raising funds
| Unrestricted | Unrestricted | |
|---|---|---|
| funds | funds | |
| 2025 | 2024 | |
| £ | £ | |
| Fundraising and publicity | ||
| Advertising | 354 | 461 |
| Otherfundraisingcosts | 2,574 | 2,857 |
| Fundraisingand publicity | 2,928 | 3,318 |
| Tea room and gift shop expenses | ||
| Purchase offood (asadjusted bystock) | 5,303 | 4,905 |
| Giftshop purchases | 9,071 | 6,652 |
| Tea room and giftshopexpenses | 14,374 | 11,557 |
| 17,302 | 14,875 |
MOULTON WINDMILL PROJECT LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
nsSII
9 Charitable activities
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||||||||||
|---|---|---|---|---|---|---|---|---|
|Charitable|Charitable|
|Expenditure|Expenditure|
|2025|2024|
|£|£|
|Rent|1|1|
|General|and water|rates|1,069|1,080|
|Insurance|4,137|4,079|
|Light,|heat and power|2,206|2,431|
|Repairs and|maintenance|7,857|5,634|
|Professional|fees|2,513|-|
|Printing,|postage and|stationery|491|791|
|Telephone|638|501|
|Computer expenses|469|412|
|Accountancy fees|1,560|1,500|
|Bank charges and card|machine expenses|333|346|
|Mill|remedial|work|-|19,983|
|Sundry expenses|46|37|
|Depreciation|1,642|2,179|
|Release of grant|(6,875)|(762)|
|Profit/(loss)|on|disposal|of fixed|asset|2,870|-|
|18,957|38,212|
|18,957|38,212|
|Analysis|by fund|
|Unrestricted|funds|16,117|38,212|
|Restricted|funds|2,840|-|
|18,957|38,212|
|10|Net movement in funds|2025|2024|
|£|£|
|The|net|movement|in|funds|is|stated|after|charging/(crediting):|
|Depreciation|of owned tangible fixed|assets|1,642|2,179|
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MOULTON WINDMILL PROJECT LIMITED
FOR THE YEAR ENDED 30 JUNE 2025
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
a
11 _—s Trustees
None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year.
12 Employees
The average monthly number of employees during the year was:
| 2025 | 2024 | |||
|---|---|---|---|---|
| Number | Number | |||
| Total | - | |||
| - | ||||
| Therewere no employeeswhose annual remuneration wasmorethan | £60,000. | |||
| Taxation | ||||
| Thecharity isexemptfromtaxationon itsactivitiesbecause all itsincome isappliedforcharitable | purposes. | |||
| ‘Tangible fixed assets | ||||
| Equipment | Tea room CCTVequipment | Total | ||
| equipment | ||||
| £ | £ | £ | £ | |
| Cost | ||||
| At 1July2024 Additions Disposals |
29,335 1,603 (11,932) |
9,862 2,570 (1,200) |
11,031 - - |
50,228 4,173 (13,132) |
| At30June2025 | 19,006 | 11,232 | 11,031 | 41,269 |
| Depreciationand impairment | ||||
| At 1July2024 Depreciation charged intheyear Eliminated in respectofdisposals |
16,299 664 (3,941) |
7,402 978 (1,071) |
11,031 - - |
34,732 1,642 (5,012) |
| At30June2025 | 13,022 | 7,309 | 11,031 | 31,362 |
| Carrying amount | ||||
| At30June2025 | 5,984 | 3,923 | - | 9,907 |
| At30June2024 | 13,036 | 2,460 | - | 15,496 |
13 Taxation
14 ‘Tangible fixed assets
MOULTON WINDMILL PROJECT LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
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||||||
|---|---|---|---|---|
|i|ee|
|15|Stocks|2025|2024|
|£|£|
|Stocks|892|828|
|16|Debtors|2025|2024|
|Amounts falling due within one year:|£|£|
|Gift aid tax|1,323|982|
|-|394|
|Other|debtors|
|Prepayments and accrued|income|3,632|3,756|
|4,955|5,132|
|17.|Creditors: amounts falling due within one year|2025|2024|
|Notes|£|£|
|Deferred income|18|5,125|9,000|
|-|174|
|Trade|creditors|
|Accruals|4,784|3,580|
|9,909|12,754|
|18|Deferred|income|2025|2024|
|£|£|
|Other deferred|income|5,125|9,000|
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MOULTON WINDMILL PROJECT LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
19 Unrestricted funds
The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.
| At 1July2024 | Incoming | Resources | At30June | |
|---|---|---|---|---|
| resources | expended | 2025 | ||
| £ | £ | £ | £ | |
| General funds | 113,837 | 56,013 | (33,419) | 136,431 |
| Previousyear: | At1July2023 | Incoming | Resources | At30June |
| resources | expended | 2024 | ||
| £ | £ | £ | £ | |
| Generalfunds | 105,566 | 61,358 | (53,087) | 113,837 |
| Analysis of net assets between funds | ||||
| Unrestricted | ||||
| funds | ||||
| 2025 | ||||
| At 30 June 2025: | £ | |||
| Tangible assets Current assets/(liabilities) |
9,907 126,524 |
|||
| 136,431 | ||||
| Unrestricted | ||||
| funds | ||||
| 2024 | ||||
| At 30 June 2024: | £ | |||
| Tangible assets Currentassets/(liabilities) |
15,496 98,341 |
|||
| 113,837 |
20 Analysis of net assets between funds
21 ‘Related party transactions
There were no disclosable related party transactions during the year (2024 - none).