THE MILLIN CHARITY ACCOUNTS for the year ended 31 MARCH 2024 COMPANY NUMBER: 3884975 CHARITY NUMBER: 1080402 Essell 29 Howard Street North Shields NE30 1 AR Tel . 0191259 2743 Fax 0191 257 2249 E-mail . info@essell.co.uk R8f'. ACR12507
THE MILLIN CHARITY (A company limited by guaranlee) CHARITY INFORMATION FOR THE YEAR ENDING 31 MARCH 2024 Page 1 Registered Charity Number. 1080402 Company Number: 3884975 Registered Office: 37 Greenesfield Business Centre Mulgrave TeTrace Gateshead NE8 1PQ Opèrational Address: Greenesfi81d Business Centre Mulgrave Terrace Gateshead NE8 1PQ EXeINe Gommittee: YSKhan R Simpson - resigned Dinah Elizabeth Bennett Kerrey Baker Hannah Layford - appointed 14 December 2023 Bankers: Bardays Bank
THE MILLIN CHARITY (A o)mpany limited by guarantee) Page 2 REPORT OF THE EXECUTIVE COMMirrEE FOR THE YEAR ENDING 31 MARCH 2024 The Executive Committee presents ils reports and accounts for the sear ended 31 larCh 2024. STRUCTURE. GOVERNANCE AND MANAGEMENT The Mlllin Charity is a chartlable company limited by guarantee, incorporated on 26 November 1999 and r8gistered as a charity. charity number 1080402, on 19 April 2000. The company was established under Memorandum of Association which established the objects and powers of the charitable company and is govemed under its Artides of Association. In the event of the company I)url up members are required to contribute an amount no exceeding £1. The registered office of the company is. 30-37 GreenasrId Business Centre, Klulsgrave T8rrace, Gateshead, NE8 1 PQ The directors of the company are also charity trustees for the purposes of chaiity law and under the companls artides are known as members of the Executive Ccmnmittee. Under the requirements of the Mernorandum and Artides of Association the members of the Executive Committee must retire at the Annual General Meeting and may offer themselves for re-election. The Cufrent trustees are listed on page 1 of this report. Appointment and temiination dates of trustees are also sh(* on page 1 of this report. The Millin Charity has an Executive Committee who meet quarterty and are responsible for the strategic direction and policy of the charity. The Committee is made up of members from a variety of backgrounds relevant to the work of the charity. The company provides induction training for all new directors and on-going support and training in govemance. financial, legal. re9ulatory and other matters for all directors. A scheme of d8legation is in place and responsibility for the provision of services rests with the Chief Exe¢utive Officer. The Chief ExecutNe Officer is reswnsible for ensuring that the charity deliveTS the services specified and that the key perfomance indicators are met. The Centre Manager has responsibility for the day to day operation and management of the seNices delpiered. indivual supervision of the staff team and also ensuring that the team continue to develop their skills and working practices in line with gwd practi12. REVIEW OF THE YEAR The income of the company for the year vtss £257,438 (2023:£224,467) and the company has made payment for charitable purposes totslling £259.972 {2023:£238,091). RESERVES The Millin Charity wishes to maximise its charitable activities and aim to mainlain reserves sufficient to cover six months administratton costs.
THE MILUN CHARITY {A company limited by guarantee) Page 3 REPORT OF THE EXECUTIVE COMMrrTEE CONTINUED FOR THE YEAR ENDING 31 MARCH 2024 PUBLIC BENEFtr The trustees confinn that they have studied aThJ paid regard to the guidan public benefit published by the Charity Commission. OBJECTIVES AND ACTivrriES The Objectives ol The Millin Charity are: The Objects of the Charity are to promote the benefit of Pfimarily but rK)t limited to the residents of North Benwell, the Wesl End of Newcastle. and surrounding areas in the counties of Tyne arKI Wear, County Durham arKI Northumberland, faung similar deprivation, vrith particular reference to any under- represented and marginalised groups induding ethnic minorities and women, by associating together the said inhalitants. the local authorities. voluntsry and other organisations in a common effort to provide facilities and education in the interests of SLKial welfare with the obie¢t of improving the nditionS of lrfe of the said inhabitants and to relieve the financial hardship of those in need. in parbwlar those vtho are sooally excluded, through the provision of facilities and services as the trustees think fit. The main actbvty for thé year induded a range of Communty and Enterprise Programmas. RECRUITMENT AND TRAINING OF TRUSTEES The company follows an appraisal process to identrfy the skills required f¢x the Executive Comrnittee and to identify any skills g8P. Members of the Executive Committee receive a full induction programme on joining the Committee and ther8after receive on-goiro training and briefing sessions. The Committee strives to ensure that there is adequate local representstion on the Committee. RISK MANAGEMENT The Executive Committee have examined the major risks to vthich the Gharitable company is eXr)sed and they ar8 Satisfi that adequate systems have been established to mtwte these risks.
THE MILLIN CHARITY (A company limited by guarantee) TRUSTEES. RESPONSBILITIES STATEIAENT FOR THE YEAR ENDING 31 MARCH 2024 The trustees (who are directors of The Millin Charity fr)r the pun)oses of company law) are responsible for preparing the Trustees, Report and the financial statements in accordance with applicable law and regulations. Company law requires the twstees to prepare financkql ststements for each financial year. Under that law the trustees have elected to prepare the financial statemenis in aCCdanCe with Untied Kingdom Generalty Accepted Accounting Practice {United Kingdom Accounting Stsndards and the applicable law). Under company law the trustees must not approve the financial statements unless they are satiSfd that they give a true and fair view of the state of affairs of the charitable company and of the incoming resources and appliCan of resources, induding income and expenditure, of the charttable company for that period. Page 4 In preparing those financial statements, the trustees are required to: 1.) select suitable accounting FM)licies and then apply them consistenty. 2.) observe the methods and principles in the Charities SORP. 3.) make judgements and estimates that are reasonable and prudent. 4.) state vthether applicable UK Accounting Standards have been followed. subject to any material departures disdosed and explained in the financial ststements. 5.) prepare the financial statements on the going concern basbs unless il is inappropriate to presume that the charity will continue in business. The trustees are responsible for keeping proper accounting records that are sufficient to show and explain Ihe charitable compan¥", transactions and disdose reasonable accuracy at any time th8 financial position of the company and enable them to ensure that tha financbal ststements c£)mply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for takiNJ reasonable steps for the prevention and detection of fraud and other irregularities. In so far as each of the trustees is awar8'. 1.) there is no relevant audit information of which the charitable companWs auditors are unaware; and 2.) the trustees have tsken all steps that Ihey ought to have tsken to make themsefves aware of any relevant audlt information and to establish that the auditors are aw¢re of that infomation. The trustees are responsible for the maintenance and integrity of the cowate and financial information included on the companrfs website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdidions. K BAKER Y KHAN Date 2Lk IiolL4- Dale 611112oL
THE MILLIN CHARITY (A cunpany timited by guarantee) INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE MILLIN CHARITY I report on the accounts of The Millin Charity for the sEar ended lo 31 12024, vthich are set out on pages 6t012. Page 5 This report is made solely to the trustees, as a body, in accordan wth the regulations made under Section 145 of the Charities Ad 2011. My work has been undertaken so that I mighl stste to the chantys trustees those matters l am required to stste to them in an independent examinevs report and for no other purpose. To the fullest extent pemitted by law, I do r)ot 8pt or assume responsibilty to anycTh olher than the chafTty and the charitys trustees, as a body, fly my work, for this repxyt, or for the opinions I have lomd. Respectbve reskx)nsitMlities of trustees and examiner The trustees {who are also directors of the company for the purposes of npanY law) afe resPsIble for the preparation of the accounts. The trustees C(Ider that an audit is not required fly this year under sectbon 144{2) of the Chartties Act 2011 (the 2011 Acl) and that an Inde[Jent examina11( needed. Having satisfied that the charity is not subjed to an audit under c4ynpany law and is ellble or independent examination it is my resFrf)nsibility to: Examine the accounts and to follow the procedures laid down in the General Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act: and lo state whether particular matters have come to my attention. Basis of indep8ndent examinerfs ststement My examinatii)n was carried out in accordance with the Generdl Directions given by the Charity Commission. An examination indudes a vieW of the accounting records kept by the charity and a comparison of the accolbnts presented with those records. It also indudes considerdtion of any unusual rtems ¢Y discJ05ures in the accounts, and seeks explanations from you as trustees concemiTrJ any such matters. The pr(ureS undertaken do not provide all the evidence that would by required in an audit, and consequently no opinion is given as to whether the accnts present a "true and faiff view and the retK)rt is limited to those set out ui the stalement below. Independent examinerfs ststement In connection w¥th my examinab'on. no matter has come to my attention: l.) which gives me reasonable cause to believe that in any material respect, the requirements; - to keep accounting records in accordance with section 386 and 387 of the Companies Act 2006" and - to prepare accounts which accord with the accounting records and lo Comply with the accounting requirements of seclion 394 and 395 of the Companies Act 2006 and with the methcxts and pnnciples of the Statement of Recommended Practice.. Accounting and ReF¥)rting by CharFiies' have not been met" or 2.) lo which, in my opinion. attention should be drawn in order to enable a proper understand of the acLounts to be reached. Paul William Katt FCCA ESSELL ACCOUNTANTS. North Shields Date.. Qi IiIII6L
THE MILLIN CHARITY (A company limited by guarantee) STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDING 31 MARCH 2024 Page 6 Unrestricted Unrestricted Funds Funds Fixed Current Assets Restricted Funds Total 2023 INCOME AND ENDOWMENTS FROM Donations and legacies Other trading activities Other Income Total income and endowments 251.470 5,968 257,438 224,467 251.470 5,968 257.438 224,467 EXPENDITURE ON Raising funds 232.155 27.816 259,972 238 091 NET INCOME I {EXPENDITURE) 19.314 (21,848) (2,534) (13,623) Transfers Between Funds 22.076 22,076 Net Movement In Funds (2.761) 227 (2.534) (13,623) RECONCILIATION OF FUNDS Total funds brought forward (Note 11) 8,998 34.059 43.056 56,680 Total funds carrlad forward 6,236 34,286 40,522 43,056 All actiwti8s are continuing activities. The notes on pages 8 - 11 from part of these financial ststernents.
THE MILLIN CHARITY IA company limited ty guarantee) Page 7 BALANCE SHEET AS AT 31 MARCH 2024 2024 2023 FIXED ASSETS Tangible Assets (Note 8) CURRENT ASSETS Cash at Bank and in Hand 41,722 44,256 CREDITORS . AMOUNTS FALLING DUE WITHIN ONE YEAR INote 9) NET CURRENT ASSETS 40,522 43,056 NET ASSETS 40.522 43,056 FUNDS Unrestricted funds Current Assets (Note 10) Unrestricted funds Fixed Assets (Nole 10) R8stricled funds (Note 101 34.286 34,059 6.236 8.998 TOTAL FUNDS 40,522 43,0 For the year ended 31 March 2024. the Company was entitled to exemption from the requirement to have an audit under the provisions of Section 477 of the Companies Act 2(M)6. No notice has been deFled with the Company Section 476 of that Act requiring an audit to be carried (xrt. The Directors acknowledge their SF4)nbIli for :_ 1) ensuring that the Company keeps acccyjnting rec(Yds compty ith Section 386 and 387 of the Companies Ad 2. and 2) preparing financial statements whith give a true armj fair view of the state of affairs of the Company as at the end of the finanual year and of tls profft the financial year in accordance wilh the requirements of Section 394 and 395 of the Companies Act 2IYI6 and which otheTh¥ise COM with the requirements of that Act relatirrfJ to financi statements so tsr as applicable to the Company. These financial statements have been prepared in accordance wilh the special provisions relating to small CoMpanS wthin Part 15 of C¢)mpanies A¢# 2006 and the Financial Reporting Standard For Smaller Entities. In the Directors. opinion the Company is enttued to ts exemptb)ns as a small company. Approved by Ihe Board K BAKER Y KHAN Date . IK31. Date . 6 Iii l 2oZ4
THE MILLIN CHARITY (A company limited by guarantee) Page 8 NOTES TO THE ACCOUNTS YEAR ENDING 31 MARCH 2024 ACCOUNTING POLICIES BASIS OF PREPARATION The financial statements of the charitable company, which is a public benefit 8ntty under FRS 102, have been prepared in accordance the Charities SORP {FRS102) 'A¢counting and RertIng by Chartties.. Ststement of Recommended Practice applicable to charstbes preparing their accounts in accordance with the Financjal ReF()rting Standard applicable in the UK and Republic of Iland (effective 1 January 2015). The financial ststements have been prepared under the historical cost convention. 1.2 TANGIBLE FIXED ASSETS AND DEPRECIATION Tangible fixed assets are slated at cost less depreciation. Depreciation is provided on all tangible fixed assets at rates calculated to V4rite off the cost, less estimated residual value of each asset, over its expected useful lrfe as follo% :_ Fumiture end Equipment IT Equipment 15 yEars 3 yEars 1.3 INCOMING RESOURCES All income is recognised in Ihe Statement of Financial Activitses once the charity has entillement to the funds. it is probable that the income will be received and the amounl can be measured reliably. 1.4 CHARITABLE EXPENDITURE Charitable expenditure is reported as a functional analysis of the Work undertaken by the charity. being the irnprovement of the conditions and wellbeing of hjcal residents. Costs of activities in furtherance of the charitys objects are accounted for wl)en expended. 1.5 TAXATION The charity is exempt from corporation tax on its charitable actsVit. 1.6 PENSIONS The company participates in the Unitised Ethical Plan, a multi employer defined contribution pension scheme. Pension costs are charged to the income and expenditure a(Lount as incurred. VOLUNTARY INCOME All voluntsry income received during the peri carne from public donations, appeals and fundraising events. INVESTMENT INCOME There was no investment income for the peric4J
THE MILUN CHARtrY IA rAJmpary IIMW by NOTES TO THE ACCOUNTS coiifwiuED YEAR ENI)IMG 31 IAARCH 2024 ACTIVITES FOR GENERATING FU14DS GRAMTS AND AWARDS RECENA3LE Totsl Fun 2023 2024 Flexi Furxl NE£AL ESNE2 ft LWLE 407 17.370 3.120 10,tX 19,815 49.370 407 17.370 3.120 10,L 19,815 49.370 10,920 Mutt1 Gateshead Yaar 2 Proiett NTCA Nets Enteffjw LWLÉ 7.475 89.016 29.912 7,475 89.016 29,912 NTCA Gateshe8d Entwtme LWLE NEEAL 8wness With JIts.Y G8¢e51%&1 Cwncl Leamllwj and Skils VONNE Cttrzeny Assem Newr2sii8 Fund Sm84 &arts 8,891 2,(7 8.891 2.(X)7 24.621 18.677 1,2 Your ell10$¢ In pather5hip 1h. Na$e Un N8r£sO Cty CIArril Fijnd Eumpean stnKtt¥ 5¢rn1 Funrt.. ERDF_ TOTJ& Eur(wn strLKts kn¥8strneni FUNI.. ESF- SlepB TrPre9 32.016 42,403 61.382 Ofvt Grants EaSmrE19 3.874 3.874 87 87 72 2,095 2,095 5,W 257,438 739 251.470 COSTS OF RUNNING THE oRGATI AND PROJECT (IELIVEI 2024 2023 Stsff costs Prq8cI DelNery AUrlI¥j Ccts Eqklpm6nt Pwchase5 ANtsJntsr Repairs arKI Mnten offi Costs SubscnplbJn5 and LKX**S 166. 35,227 151,648 39,042 2.725 181 5.810 2,431 1.695 107 2.lY> Bwk Chatges W8bsi18 8nd Pr¢Nw 123 259.972 STAFF COSTS 2023 2024 2023 Wages 8TrJ saL81ies 155,896 10,168 142.226 9.422 166, 151.648
THE MILLIN CHARITY (A company limiled by guarantee) Page 10 NOTES TO THE ACCOUNTS CONTINUED YEAR ENDING 31 MARCH 2024 TANGIBLE FIXED ASSErs Furniture & Q>mputer Equipment Equipment Totsl COST As at 1 April 2023 Additions in the Year Disposals in the Year As at 31 March 2024 21.875 17.646 39,521 21,875 17,646 39,521 DEPRECIATION As at 1 April 2023 Disposals in the Year Charge for the Year As at 31 IAarch 2024 21.875 17,646 39,521 21,875 17,646 39,521 NET BOOK VALUE As at 31 March 2024 As at 1 April 2023 CREDITORS . AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Accruals 1,200 1.200
THE MILUN CHARIT {A company limited by guarantee) Page 11 NOTES TO THE ACCOUNTS CONTINUED YEAR ENDING 31 MARCH 2024 10. STATEMENT OF FUNDS Balance at 1 Iwil 2023 Incomi R8sources Transfer5 8alance al e¥p betn furKl$ 31 klarth 2024 General Funds: Unre5tri¢led Funts - cUan1 Assets Unrestrhxed Furbjs. Fixed Assets 34,059 (27.816) 22.076 34.286 34.059 27,816 22,076 34,286 Rgstricled Funds Olhers Totsl restricled funds 8,998 251.470 251,470 232.155 232.155 22,076 22,076 6,236 6,236 Total Funds 43.056 257.438 259,972 40.522 11. ANALYSIS OF ASSETS BEfwEEN FUNDS Restr Unrestricled Furxts Funds Total Funds 2024 Fund Balance5 at 31 March 2024 Tangible fixed assets Current assets 6.236 6.236 34.286 34,286 40,522 40,522
THE MILLIN CHARrrY Page 12 INCOME & EXPEMDrruRE ACCOUlff the 31 IAARGH 2024 2023 INCOME Fund NEEAL ESNE2 for LWLE F 17,370 3.120 10.(O) 19,815 49.370 10.920 munty Foundalh tiy Gales1 Year 2 Prciect NTCA NvAra5Ye Enlery&e LWLE 7,475 89.016 29.912 Ccénmunity FtyJThJatiw. Bwbw F[lI0ft 8,891 2,C#J7 NEEAL BunÈ88 Wrfth Pu k ].]. VONNE Qliuns ssemtty LNEA Community knVeStr F[j 24.621 18.6TI 1,2 Ctty CrAJnrAI Winier F1 Ewopean StTrxll InVeStftl FuThJ.. ERDF- ch( To T 32.016 42.403 61.382 Other Gfants 1874 87 olle(the SalÈs lThcom6 739 224.467 EXPENDITURE Staff costs 166. 35227 151.648 39.042 R•)t. R8S 8nd RIn1j Cosls Ewiprnanl Purd AtNInga Repair8 ar Makntsnanr Offi(x Cost Sthcriptyons ar InsurarKe 5,810 2,431 2.1 123 107 Websi and Prcthc4K¥I 7S9,9T2 238.C&1 NET DEFIC 1534