RF.GX&>TEIiED CHAIUTY NUMIIF.R: 1083384 Report of the Truslees xnd unaudi11 Financial Staitmeois For The Year Ended 31 July 2024 for Millennium Oak Trust Fuller Spwling Mill Hi)USL' 58 Guildfiird KT169FIE
Milknnium Oak Trnsl CoDleDt5 of the Financial Statemeots For The Year F.nded 31 Jull 2D24 Page Report ofthc Trus¢cf5 Independeni Examiner's Report Statement of FinancRal Arlii'itKs Bal%nee Sheet Notes to the Fiti¥n¢ial Statements 9 10 13 Detaikd S¢atement of FinaDci21 Activities 14
Millennium Oak Trn5t Report of ibe Tru5tee5 For The Year F.Dded 31 Julv 2024 Ihe trnstees preseni thLir rLIx)n with the f(1411 sia1LillLI5" ()f the Lharity lor the year 31 July ?0?4. 'Ihi' InJ%lLi'% havL ad()Pled the pri)i'isions of ALLouniing and RilX)ning by Chariii¢s'. Suiemeni orRec0nleded PraciiLL' dppIiLdblL io chan"IiLS prl'p1ng their aLLounis acciir(LmLe with the F"Jnancial Keportmg S"lan<lard appiiLable m the UK RepubliL ()I'IrL"land (I.'IL% I O?) (etTeLlive l Janiidry ?019)_ Page I
Millennium Oak Trnsl Report of tbe Tru5tee5 For The Year Ended 31 Julv 2024 ()KJECTIVF.S AND ACTIVITIF.S Objectives "Ihi ihdrity is a non-polTtiLoI. non-rclislos. British charitv engaged in the relief of persons in c1)nditio5 of neeiL hdrdship diStrLs. thi relief ol sickniss and thi prcsLn'aiion and proieciiiin of g(x-Kl ph)'%ical mental health. the advancement ()f L'duLati()n: and any chariiable purryise for the general benefit ofthe public. 11)e Trnst¢es have given carefill LonsidLTaiion 10 the Chariry Commission's generdl guidance on publiL benefil. The objectives of the Tnsi are.. I. ThL reli¢f i)f persons in condiiions of neeth hardship and disress. 2. The relief ofsickne&s and the preseryation and proleciion ofg(K)d physical and menlal healdL 3. ThL advancemeni ()f the eduL7lion of thL public. 4. Any ¢hariiable purpose for the gener benefit of the public. Our objectives for the year were 10 make d(x)aiions to vari(HJs chariti and org8nisaiions which provided a ner11 to the general public. these included: Kni)wl Hill Schix)i - for children with learning dIlCUl11es ThL' AirfiL'ld Envin)nmeni Irusl - a charity whose aims. ami)nRSI other thinR& is lo provide a voice and advice free of Lhge Iii memr5 of the public whi) may be dlTected bl, avi4iliiin. "rhl FriLmds of WadLbridsL Leisuw Centre - lei5urL" cLmir¢ si)I'l by the Lx>mmunity from elosurc (by Cowity Council cuts). Whale and Dolphin Conservaiicin (IreJl ()rn10T Stred Hospithl Childrth's Charity Age UK l %t Ath V81e SLniii CiTr)iip - new hui Chobham P(K)r Allomients Lhobham Lommuniiv Centre AStIOn Dignity in Dying "IThL tjureau i)r InvL"%iigdtiv¢ Jc?urnalism Fccdins t)ras UK Harry Richards Shurt Fihn aiK)ul Smdeni Suicide UkrainL' Appeal NSPCC AmnesTr' Iniernalional Waier Aid Grlenroace Sheliir Ramblers Akla110n CPRE W()(NJland TnLSI Bi)okTnLs1 Crisis Flliiodwise (Bl(M)d cancer UK) Andy Save the children Wildlife Aid Fnijndaiinn 'll]¥ Cs'siiL Fibri)sis TnLS1 ShLM)iing Slar Lhildren's Hospice RNLI ANI) Cler Research Flrili5h FILdn Foundaiii)n PagL 2
Millcnnium Oak Tru51 Report of the Tru5ttt5 For The Year Ended 31 Jul). 2024 Brain Tumour RLYdrch ChildrL'n'% Sdiling Trusi %t Minver SLC)UIS Pcarl E."xilLU)ge CIO Aims IhL' "I ruslees fLYl thai the 4iim5 of the Trusi have satisfied in respeLI of the natu {)[ thi. dlx)vc donaiions. duniiled to d ioial i)1-4? dilTerenl charÉiiLs and org1$1[10S. all (If whi)m dlL1 f()r thc iK'nL'fii i)I"(hL genLTal public. FINANCIAL RF.NryF.W Financial i)0sitiun "lthi risuliN li)r thL yedr arL' shiiwn in the al&"hed Siaiemenl of Financial Aciiviiies which show income for the yedr or £?73.006 (?0?3: £180.368}. 'IhL' Lhthty donaied a iothl of £766.000 (?0?3: £1 ?9.100) lo other chariiies and Organis¢ltii)s duTin8 th¢. year. Its wholly subsidi¢Yy. Sw(uJs Li(L Loniinues li) dc)naie much oliis pn)fii as }SSiblt io the chariry. Prittcipal funding wurces l.ld is ihL "h()ll. subsidi4Uy of the charity and pn)fils from this company are donated 10 the charity flir ils use. lThe SW5 pfiiperty ]nti)ll0 is wi)nh in LXLLSS l)l-£?millii)n pri)nY rLtalS are ils sourle of inc()mL. "Ihi ihdrilv alsi) i)wns a mixed commercial and residenlial pn)IW whiLh is lel ai a commerLial rent 10 i1)dLndL1 third pthies. Reserves policv "llki. I ruslL'LS aim i() kL'iV d minimum l)Uni bdLk iii ensure the dail} running cc15 ofthL chty covered. There is a rL'serves policy ofkLxping Ldsh tunds" lunouniing io thL projecied duni1t104 for une Ye in adN'anLe. FUTURF. PLANS A5 PLT l)ur iibjecliViS fi)r this M'e will coniinue 10 mak¢ donauons to various chariiies and organisalions whiLh proN'id¢d a k'nLfii 10 the general public. lThe trustees are happy l() Lonsider an addiiiondl lee io join the MOT trusttts. TRUCTURF.. COVF.RNANCF. AND MANAC.F.MF.NT (vOI'ernin2 documenl The Chariry is ¢onstiluled a Trust and ils govemÉng documfflt is its Trusl Deed dated 14th SLVILmber ?O(K). Recruilment and appointmeni of 1rn5tees I nL%ILL% arn. seleLled inwiied io j()ll) thL lJ()ard of Tnltts by cxisiing Trusttts and the appointsneni ofTruslees is vcsled with the I'nsieei. Existing Trusiiys can recommend the apwiinttneni ora new Trthstee at any tim¢. Organi5ational structure lThe ddy ii) ddj inwgLillLml olthe chdrity, de5igniiled b). the I nLsie& is undenakLm by one of the Tru51ees. Thi. Trustees meet on a lour monthl>, basis. cither tn rKYson or b>. electrcinic confercncc. A rqx)rt of the financial 5iluali()n c)1" the chartry including d pn)fii I()5 updaiL is givLYI Ic) Jll TrusieL'S. AII I"nLsILX'S enLouragi'd 10 d()Nli ftimds trom the Ll]ariry io other chariiies i)r organi5iliil)ns LIC. Nr the i)bJLs of the Trust l)()cumLml. 'frustee giN'I i)t-th¥ir Dominaiii)ns io thi -1'rU51Li and ift-all "I"ruSlixs arc in asrLLmLYlt thLm the di)ilallL)n ahLdd. At thLsL' meeiing% the I nL%ieL's iWL'e broad straiL, and arLas of aL11I'iD', including a review of In'LtsnLnl rLservL'5 risk InanJgLmcni. Page 3
Milknnium Oak Trnsl Report of the Trnstees For The Y¢ar Ended 31 Juli. 2024 TRUCTURF., GOVF.RNAIICF. Ahl) MANACF.MF.NT Inductiott and training of Dew ¢rns¢¢es A p()iential Iru51Li is ini'iied to kn'()me a Truslee and the aims of the Charity are explained in delail. Copies or ual rewns and accounis and a copy ol" Ihe goi'erning trusi deed and the Lhanry Lommission's guidance, Ihe Fssential Tni%itY.. are made available [() len[la1 TnLsiees. The p()lential -fruslee is then invited io a nornial board Jneeling and intr(Mluced t() thL r¢sl olthe TnLsiees and unless there ). ()bjLL1tons 15 iniiled lo join the chariiy as a TnLsiee, after the mLXM[ing. li is rL'Lommended Ihal all Tn]sieL'S read the releN'ani ChariTh, Cornmission guidelines and the re4wnsibilitiL* (If d 'I'rusiee are clrarly dLL-med undLY these guidelines. (ICSA guide 'ReLYuithieni Ap}innenl and Indu¢li{7n ()I' Lh<wity Truslees,). RFFF.RF.NCF. AND ADMINtSTRATIVE DETAILS Regi5tcre(I Charity, number 1083384 Principal address Mi'rrym Cliiiaoe Westhay Road Wringion Ilri.$ic)I BS40 5QA Truq¢eo N M Roiids A K Roa(ts D S RL)2ds A Armiger Independent Examiner M I C I litrvLy Fuller Spurling Mill I l()USL' 58 Guildfi)rd Street Chiyisey K'I'16 913E Solicitors "I"re&'or Munn F.asterly Bi)ath()U5e "lThe ToTrath M(Uii)r Road Walton on Thames KI-I? ?PF Bankers "I"riiMlI)% Bank DL'¢m¢ry Road tjristol 13SI SAS Page 4
Millennium Oak Tntyt Report of the Trn5tee5 For The Year F.ttded 31 Julv 2024 AppmvL'd hy i)rdeT l)f ihe INiard lif thislees on . . and signed on tis behall'by.. A K Ri)dds' . Trustee PagL 5
Independen¢ Ex2miner'5 Report lo the Trnstees of Millennium Oak Trnsl Independent examinerfs rert to the trustees of Millenniym Oak Trn5t I rep()rt li) thL Lhariti, trEL%ILL¥ l)n MN. examinali(In lif thi dll()iinis i)I' millL1lum Oak T[ (the Trusi) for the year ended 31 July 20?4. Responsibilities and basi5 of report As the Lhdritv trusiees ill" the In1 yi)u are r¢sw51b1c for the prepardlion of the accounts in accordance with thL' requiremenis of the Charities Act 2011 (kne Aci.). I rewfrn in respect of my examinaiion of the Tru51'5 accounis (wried oui under kniion 145 of the Aa and in carrying out my examinaiion J have followed all JppliLable DirL'Liions gii'en by the Chariiy Commission under Sei1ion 14515Xb) of the Ath. Independent exgmitter'5 Statement Sinci. yliur chariry'5 gross inLI)mL L'xceLthd £?50.0) your examiner musi be a memiky of a listed IK. I can cl)nt-M that I qualified ic) undenake Ihe examinaii()n IKYause I am a m¢'mber ofthe Iwsiituie of Clwiered Accountanis in England and Wales. whiLh is É)ne (Il the lisied IKMlies. I have compleied rny examinaiion. I Lonfrm thal no material maller5 have come lo my attention in connection with the examinaiion giving me cause lo believe thai in any maiLYial resw: accouniing records were in respea ofthe Tr4 as required by Scytion 130 ofthe Aci; or the accounis do noi accord with those recor": or the accounis do not comply with the appliiable requiremenLS Cl)ncLYning Ihe form and ci)nient i)r aLC()i]nis sel oui in the Chthties (Accounts and Rryx)ns} Regulaljo$ )008 i-ther than any rLNuirement that the aLcounts give a true and13ir view which is noi a maller Lonsidewd as pan of an indnden1 examination. I have nc) eiinLerns and have come across no oiher mallers in conneaion 7th the examination to which arteniion should b¢ draw in this rewff in order lo enable a pro undeT5Lmding i?lthc aLCOun 10 N'aLhcd. M 'f c Harvey Fuller Spurllng Mill I Iuu5e 58 Guildf()rd Street Lhertsry KT16 9BE Page 6
Millcnniym Oak Tntst Stsiemeni of Financial ActiTr'ities For The VeAr Ettded 31 Julv 2024 31.7.74 Llnresiric'li'd fi]nd 31.7.?3 Tiital runds Niiies INCOMF. AND E.NDOWMENTS FROM l%)i)d(i()ns l¥&aLIL ?50.001 160.000 Invesimeni inLome ?3.005 ?0.368 Total ?73.006 180.368 EXPF.NDITURF. ON Charilable actiiities LhariiablL aLiiviies ?79.830 145.13? ET INCC)MFJ(F.XPF.NDITURF.) (0.8?4) 3 J.?30 RECI)NCILIATION OF FUND5 Ti)ial fidS br()ughi fi)ThYd 1.959.514 1,9?4 ?78 TOT AL FUNDS CAIUiIED FORWAIiD 1.95?.690 .959.514 The noiL'S fonn pan of these finaniial lIteMentS Page 7
Millennium Oak Trust Balanct She 31 Juli. 2024 lJnr¢striLied fund Ti)lal fillids N()ILs FIXF.D ASSF.TS Inves¢menlS InN'isimLllis Investment propeny 1.500.(A>I ??3.988 1.500.(K)I ??3.988 1.723.989 .7?3.989 CURRF.NT ASSETS Cash ai bank ??9.886 236.650 CREDITOILS Amounis falling due within one year (1.185) (1.1?5) NF.T CURRF.NT A&SF.TS ??8.701 ?35.5?5 TOTAL ASSF.TS LE%S CURREwr LIABILITIF.S 1.95? 690 .959.514 NF.T ASSETS 1.95? 690 ,9$9.514 Unrestricted fimds 1.95?.6¢40 1.959.514 TOTAL FUNDS 1.95?,690 1.959.514 The fmancial StalLentS were approved by the Board of Trusiees and authorised for issue . and were signed on ils haIr by: on A K Road¥- TnLsieL" N M R()ads- TnLSI¢Y The noies forn) part of thLsc findnLial alemen15 Page 8
MillcDttiym 04k Trnst
Notes lo the Financial Statemcnts
For The Year Ended 31 Juht 2024
ACCOUNTING POLICIE5
Ba5L4 of preparing ihe financial 51alements
lThe 11nlIa1 51diemenis i)fthe LlwiTr. whiLh is J public Iner1[ eniiry under PIiS I O) haN'e tKYn prepd in
aLL()rdaniL with thL Chthiie% SORP (FRS 10?) 'ALLiiunling Reporting by Chariiies: %iatement i)f
RLI(iimnLndi'd PrdLIiLI' dppliLable io Lhdrilies prepdring thLir aci()lll)Is in aL¢()rdAnLe with thl. 1.inLIa1
RLrwriiiig Slaa (IppIii-dblL ui Ltk
Millennium Oak Trust Notes to the Financial si4iemettL4- ¢otttinued For The Year Ended 31 Juli 2024 AccouwfiNC. POLICIES- continued Cre(litors C redilors, prilN'isi()s and accrued cosls are recogniscd where the cl)mp' has a present obligati()n rLsuliing fr(Im a pasi eveni that will pn)bably nsuli in the transfLY of funLs li) a third party and thl OUn1 due io SLll th¢ obligaiion can mrasured or e51irnaied reliabl),. Credii()rs anJ pn)vi%ii)ns normally recOlsed at thLir selllemeni amouni aftLT allowing for any trdde discounts due. Financi21 Instruments hLT than Ini'Lsmi¢ni Protthies (see aix)ve). the Charity onty has flluncial aSSS and fmancial liabiliiies of a kind thai qualify as basic financial IStrUments. B&siL IMLial instrumenis are inilially recognised dl IrdllSadion value and subsequthily m¢&sured ai their selllemeni *alue. INVF.STMENT INCOME 31.7.?4 31.7.23 Rents received Dewsil accouni inieresi 16.560 6.445 17.380 ?.988 ?3.005 ?0.368 TRUSTF.F.S' RF.MUNERATION AND BF.NEFITS There were no trustees, remunerdiion or (Nher bLniefits lor the year ended 31 July ?024 nor lor the year ended 31 July ?0?3. Trnstees, eipenses Therc wcrc no mSiLYS' expensts paid for the year ended 31 July ?0?4 nor for the year ended 31 July 20?3. COMPAIL4TIVF.S FOR THE STATEMF.NT OF FIIYANCIAL ACTIVITIE Unrestricted fimd INCOME AND ENI)OWMF.NTS FROM IX)naiions and legacies 160.(XM) Invesuneni income ?0.368 Total 180,368 EXPENDITURE ON Cbaritable activities Chariuble aLlivit 145 13? NET INCOME 35,?36 RECONCILIATION OF FUNDS To1 fun(Ls bn)ughi forward .9?4.?78 Page 10 continued..
Millettniym OakTrnst Nole5 10 the Financial %¢a¢emen15- continued For The Year F_nded 31 Jul). 2024 C()MPARATIVES FOR THE STATEMENT OF FINAIYCIAL ACTIVITIF.S- conlinued Ilnre4iriLled fid TOTAL FUNDS CAIiRIF.D FORWARD .959,514 FIXF.D ASSF.T INVESTMENT Shares in gniup undertdking% COSiT LF.S IMPAIRMF.NT Al l Augusi ?0?3 and 31 July ?V?4 1.5th).0(Trl NF.T B()OK VALUE AI 31 July ?11?4 1.S(K).001 Ai 31 July ?0?3 1.500.001 There WLYe no inve51mLml "ts outside the UK. The invesunLmi reprl"sen the lo/. shareholding in SW. Li(L The TnLsiees impaimienl reviews and makL' any neLL4Sary' imp(iirmeni proiision 10 rLxluce ihe value camed Iurndrd. INVESTMF.NT PROPF.RTY CI)ST LF.SS IMPAIRMF.NT Ai l Aug1 ?0?3 d31 Jul ?0?4 ?23.988 NF.T BOOK VALUF. Ai 31 Juty ?0?4 ?•3,988 Ai 31 Juty ?0?3 ??3.988 The charity oMS two pn)peniLS which are ILx%ed on a commercial basis 8nd renial income Is received by the Lharity. The prnieS were v21ued by an indertndeni valuer h()Iding 8 recLyiised and relevant profession¢il qualifiLdlll)n dl the end ofthe yvdr. There WdS n() Lhange in i'alue in the year. COST I.F.SS IMPAIRNT ai 3 1 Juty ?04 is r¢prL%nied by: Val11()n in 20?0 Valuation in 20?1 Cosi (14.880 } 13.874 225.000 ??3.988 Page 11 CODlinued...
Miilettnium Oak Trusl Note4 to the Financial ¢•iat¢ments- continued For The Year Ended 31 Juli. 2024 CREI)ITOILS: AMouNfs FALLING DUE WITHIN ONE YEAR 31.7.24 31.7.?3 Other crediiors 1.185 1.1?5 MOVEMENT IIY FUNDS Nei movem¢ni in funds Ai 31.7.?4 Ai 1.8.?3 Unrestricted fund5 General fund 1.959.514 (6,8?4 } 1.95?.690 TOTAL FUNDS 1.959.514 (6.8?4) 1.95?.690 Nei movement in funds. included in the above are as follows: Incoming resources RLS()urces expcndcd Movement in funds Unreslricled fund5 Gcncrnl fund ?73.006 (279.830) {6.8?4) TOTAL FUNI)S ?73.006 (?79.830) {6.8?4 > Cornparatives for movemenf iti fu•d5 movement in funds Atl.8? 31.7.?3 Unreslricled funds General timd .9?4.?78 35.?36 ,959.514 TOTAL FUliDS .9?4.?78 959 514 Comparative net movement in fimds, included in the aEK)ve are as follows: In¥oming resources RL'50ufLe5 expen(kd Movement in fiwds Unrestricted funds Genernl fund 180.368 (145.13?) TOTAL FUNDS 180.368 (145.13?} 35.?36 Page l? continued...
Mill¢ttnium Oak Trust Note5 to the Financial S'tatements- continued For The Year Elld 31 July 2024 RELATED PARTY DISCLOSURES Mr A Roil(ts is a T[tt ofThe Friends ol WadebridgL' Sw)ns and Leisure Lentre (FOIVLC). Donations made io this charity within this y¢ar w¢r¢ £75.(KKI. Page 13