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← The Mildred Trust

2025-03-31-accounts

,fvi 2024-2025 ANNUAL ,AEPORT Rural communrty Compassion In action Charity Number 1097210

Report of the Trustees for the year ended 31st March 2025.

The trustees present their report with the financial statements of the charity for the year ended 31 March 2025. The trustees have adopted the provisions of 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).

Reference and Administrative Information

Charity Name: The Mildred Trust Charity Registration Number: 1097210 Principal Office: 11 Elmfield Tenterden Kent TN30 6RE

Board of Trustees

Roy Isworth (Chair Appointed 25.01.23) Emma Isworth (Appointed 02.05.22) Lyndsey Armstrong (Nee Webber) (Appointed 01.02.22) Alexandra White (Appointed 15.03.23) Sara Williamson (Appointed 22.11.21) Rev Canon Lyndsay Hammond (Appointed 04.01.12)

Auditors

Not appointed however, accounts Inspected by.

Affinity Associates (AU) Ltd Suite A, 1[st] Floor Unit 1 Eurogate Business Park Ashford Kent TN24 8XW

Bankers

Barclays 1 Churchill Place London E14 SHP

1

A word from our Chair Roy Isworth

In what marks a pivotal year in the history of The Mildred Trust I am delighted to present our Annual Report and Accounts. The scope of The Mildred Trust had increased hugely from that of its predecessor The Vicar of Tenterden Trust. It became clear that the workload was too great for Trustees to continue meeting new obligations and the demand on our services. A decision was taken to employ a CEO and begin the process to become a CIO. We were extremely fortunate to secure the services of Beth Rice, who joined in September 2024. Since then, huge progress has been made, with many new services being provided. Further salaried staff will be appointed in the new financial year, and I look forward with confidence to ever greater charitable outreach in the coming years.

CEO Beth Rice

It gives me great pleasure to introduce The Mildred Trusts Annual Report in what has been an exciting year. I was delighted to join the Trust in September 2024 as Chief Executive Officer after undertaking consultancy work developing the charity with Trustees over the last two years. Our emphasis this year has been on developing the charities infrastructure Including governance, strategy, IT, funding and business planning to ensure we are responsive to the needs of our rural communities.

We started the year working with Trustees and people in our local community to create a strategy based on our Theory of Change priority areas.

We have implemented a grant funding strategy, working to develop new funding streams to diversify our original mission and maintain financial sustainability. Our impact this year demonstrates how The Mildred Trust has enhanced people’s lives, built opportunities, and developed new partnerships.

As we move into the next financial year, the economy remains uncertain, and people are still affected hugely by the cost-of-living crisis. We will continue to work with community members to develop their ideas to address both immediate and longer-term needs.

I would like to offer sincere thanks to our Trustees and volunteers for their hard work and dedication over the last year. The next year looks exciting!

2

Our Aims, Objectives and Activities:

The Mildred Trust creates equality of opportunity with people in rural areas of Ashford in Kent and the surrounding areas.

Our longer-term objective s are 1) People working together to reduce food insecurity 2)People sharing knowledge with each other 3) People in rural areas being more socially and physically active 4)People in rural areas having easy access to community facilities; the arts and sport 5) Working together to create partnerships and collective impact in rural areas.

Our current activities:

• Running Tenterden’s first Community Fridge. Open to all, the community fridge reduces food waste, brings communities together, and provides an opportunity for everyone to access healthy food and save money.

• Running The Old School House Larder a foodbank based in two venues. We offer free food, household and hygiene products to families with children under 18.

• Running a Community Shop (social supermarket) providing people with access to reduced cost groceries -People pay £1.50 for every £5.00 of groceries up to the value of £20.00.

• We provide access to emergency food provision and household essentials (including school uniform and uniform accessories).

• We work with community members to run their own community activities including men's wellness groups, cooking/healthy eating workshops, recipe bag schemes, free children and young people’s holiday workshops and community partnerships with local people, projects and organisations.

To address the increased scope of work the Charity Objects were reviewed and expanded in 24/25. The new objects were approved by The Charity Commission in preparation for our application to become a CIO which was approved in 2025.

1)The prevention or relief of poverty in Tenterden, St Michaels, Small Hythe and the surrounding areas by providing: items and services to individuals in need working to prevent or relieve poverty.

2)The advancement of education to assist in such ways as the charity trustees think fit in Tenterden, St Michaels, Small Hythe and the surrounding areas including advancing education of persons under the age of 25 years by A) Developing mental and physical and skills through leisure time activities and B) Relieving financial insecurity of young people and their families by the provision of grants to enable them to participate in healthy recreational activities that they could not otherwise afford.

3) The advancement of community development and citizenship for people in Tenterden, St Michaels, Smallhythe and the surrounding areas. To develop the capacity and skills of the members of the socially and economically disadvantaged community in such a way that they are better able to identify, and help meet, their needs and to participate more fully in society.

3

Public benefit

In setting our objectives and planning our activities our Trustees have given careful consideration to the Charity Commission’s public benefit guidance:

Our key objectives for this year included

Structure, governance, and management

Governing document

The trust deed is the governing document for the charity and states its overall aims and objectives. Performance monitoring with grant funders and the local authority has been established outside the board setting.

Our governing document informs the creation of annual business plans:

Organisational structure

The Trust

The board of trustees is made up of volunteers with a wide-ranging skillset and interests including a local businessperson, Teacher, GP Practice Manager, Vicar, Surgeon and Physiotherapist working with local children and young people. Each trustee brings professional expertise to support the trust to achieve its aims.

The Trust’s activities are overseen by the Board of Trustees that meets quarterly. Working groups for projects meet more frequently outside of board meetings. This year an extraordinary meeting was held to sign off the decision to become a CIO.

4

Recruitment and appointment of trustees

The existing trustees are responsible for the recruitment and Induction of new trustees. Before any advert or invitation is Issued for new trustees:

Risk Management

As part of our ongoing responsibility for ensuring the identification and management of risk, the board adopts a rolling assessment of strategic and operational risk which is reviewed at each board meeting.

We have a risk register which details potential risks, potential impact and steps taken to mitigate risk. This includes governance, operational, financial, environmental and compliance risk. In addition to this, individual areas of risk are assessed and monitored by board sub- groups including a finance team which meets every month and reports directly to the board.

Grant making policy.

In the current reporting period, the trust made one grant of £350 to another organisation working with an individual in need.

Partnership working and performance review.

Monitoring and evaluation requirements have been set by external funders for individual grants.

Achievements and performance/ Highlights and impact

5

MILDRED TRUST RVRAL COMklVNITY COMP&SSIOI4 IN ACTION IMPACT CARD COMMUNrrY SHOP SOCIAL SUPERMARKEr COMMUNITY FRIDGE PE(￿￿%¥￿1.50FOREVERy E5.IQ WOAfplCf flEMSUPTDn* VPIVEOFQO.( P, 573 7ENfERDEN/ST MICHAEL'5 RE51DEKrs 167 TENTE￿DE￿ISI MicHh£L REYP[p￿ BENEFtrEDFR(IM FE&AFR ZOZ5 TINTEIDEN LEIS.R.- CEP4-. FREE HOLIDAY ACTIVITIES THE OLO SCHOOL HQUSE LARDER AESIDENT5 TOOK P￿TIN OURAcnvmES 245 MosrvisrroRSARE FROM TENTERDEN NORTH 244P1125 RECIPE8AfjGWEAViAY.SLOW COOKERGIVEAWAY.IOOKIN VENVES &NCLVtyEtr Eca HIGHBUAY HALL AN I CHILDREN HAVE BEEN SUPPORTED RIES PROJECTS 1.150 local families have been part of our recipe bag project. 2.our Poetry Pharmacy Project in Partnership with Tenterden and St Michael's C of E Primary School and Ivy Court Surgery aims to supports community wellness by offering prescriptions of children's poetry. 3. Next Steps= Providing FREE period products to women and girls in need at Tenterden Leisure Centre and village sport5 locations. 4.A community Asset Map for Tenterden and St Michael's.

Financial review

Reserves policy

As of this reporting period the charity has a defined Reserves Policy as five months operating costs in free reserves. A fully developed business plan Is in place defining projections for the operation. The business plan states the reserves necessary to operate The Mildred Trust.

The reserves policy covers.

Funding sources

Grants and donations

We are extremely grateful to all funders and donors in 24/25. Our principal grant funding sources are listed below.

Dec 2024 Ashford Borough Council Household Support Fund £30,000 January 2025, The Asda Foundation £800 March 2025, Active Kent and Medway £500 October 2024 Imago Men’s Wellness Group £2412 March 2025, Cllr Kate Walder Members Grant £300 March 2025, St Mildreds Church PCC £4000

Funding Strategy

Our funding strategy was created this year to ensure the immediate and long-term viability of The Mildred Trust and the delivery of our vision ‘Rural Community Compassion in Action’. We needed to ensure we were applying for funding to meet the immediate needs of our community members whilst maintaining a long-term vision.

Funding Approach

The approach to funding needed to be reactive as well as planned to ensure we responded to emerging needs. The delivery of the Funding Strategy Is owned by the CEO. A twelve-month rolling plan of funding streams are identified through our Theory of Change and are regularly monitored and reviewed.

A blended approach to funding Is undertaken and includes:

7

Bidding for funding

A carefully researched and broad range of funding opportunities are developed that meet the vision and aims of the trust. This Is regularly reviewed and refreshed to minimise any gaps , always ensuring alignment with our vision and ambitions.

Local partnerships

The Trust is committed to working closely with other charities, social enterprises, community groups and locally focussed organisations to maximise funding opportunities and pool resources, expertise, and knowledge to deliver our objectives.

Funding Risks and challenges

Plans for future periods-sustainability

Sustainable development goals continue to be vital. Our own goals include,

  1. Reducing poverty

  2. Reducing hunger

  3. Increasing good health and wellbeing

  4. Reducing rural inequalities

  5. Ensuring responsible consumption and production

  6. Developing partnerships, working towards collective goals

We will

8

Financial Statement

The Mildred Trust CIO For the year ended 31st March 2025

Approved by the trustees and signed on its behalf by: | Roy Isworth-Chair Date: 05/11/25

9

Notes to Financial Statement

We have generated a small surplus of £11,729 in this financial year. This is well ahead of business planning projections.

We have now established operating reserves. Our cash reserves of £162,725 comprise of restricted funds of £50,000 operating costs (5 months based on 25/26 turnover projections) and £50,000 as a designated fund to purchase a building or land in the future. We are in discussion with our independent examiners to include a formal provision for this fund in next year’s accounts.

Statement of trustees’ responsibilities

The trustees are responsible for preparing an annual report and financial statements in accordance with applicable land and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The law applicable to charities in England and Wales requires the charity trustees to prepare financial statements for each 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 of the charity for that period. In preparing the financial statements, the trustees are required top:

The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 1993, the Charity (Accounts and Reports) Regulations 2008 And the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.

The trustees for the purposes of charity law who served during the year and up to the date of this report are set out on page 1.

Approved by the trustees and signed on its behalf by: …………………………………………….

Roy Isworth Chair Date:…………05/11/25……………………………….

10

REGISTERED CHARITY NUMBER: 1097210

REPORT OF THE TRUSTEES AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

THE MILDRED TRUST

Affinity Associates (AU) Ltd Suite A, 1st Floor, Unit 1 Eurogate Business Park Ashford Kent TN24 8XW

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE MILDRED TRUST

Independent examiner's report to the trustees of The Mildred Trust

I report to the charity trustees on my examination of the accounts of The Mildred Trust (the Trust) for the year ended 31 March 2025

Responsibilities and the basis of report

As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').

I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act.

Independent examiner's statement

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

  1. accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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.

I 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 accounts to be reached.

Katherine Reka, FCCA

Affinity Associates (AU) Ltd Suite A, 1st Floor, Unit 1 Eurogate Business Park Ashford Kent TN24 8XW

Date: 27 October 2025

THE MILDRED TRUST

STATEMENT OF FINANCIAL ACTIVITIES

for the Year Ended 31 March 2025

Notes
INCOME AND ENDOWMENTS FROM
Donations and legacies
Investment income
2
Total
EXPENDITURE ON
Raising funds
Other
Total
NET INCOME
RECONCILIATION OF FUNDS
Total funds brought forward
Transfer between funds
TOTAL FUNDS CARRIED FORWARD		 Unrestricted
funds
£
34,755
1,607
36,362
5,183
24,746
29,929
6,434
57,082
93,914
157,430		 Restricted
funds
£
26,100
-
26,100
12,513
8,292
20,805
5,295
93,914
(93,914)
5,295		 31/03/2025
Total
funds
£
60,855
1,607
62,462
17,696
33,038
50,734
11,729
150,996
-
162,725		 31/03/2024
Total
funds
£
72,206
1,570
73,776
22,879
9,153
32,032
41,744
109,252
-
150,996

The notes form part of these financial statements

THE MILDRED TRUST

BALANCE SHEET

31 March 2025

31/03/2025 31/03/2024
Unrestricted Restricted Total Total
funds funds funds funds
Notes £ £ £ £
FIXED ASSETS
Tangible assets 5 3,660 - 3,660 -
CURRENT ASSETS
Stocks 6 1,010 - 1,010 609
Debtors 7 1,052 - 1,052 416
Cash at bank and in hand 153,724 5,295 159,019 154,272
155,786 5,295 161,081 155,297
CREDITORS
Amounts falling due within one year 8 2,016 - 2,016 (4,301)
NET CURRENT ASSETS 157,802 5,295 163,097 150,996
TOTAL ASSETS LESS CURRENT LIABILITIES 157,430 5,295 162,725 150,996
NET ASSETS 157,430 5,295 162,725 150,996
FUNDS 10
Unrestricted funds 157,430 57,082
Restricted funds 5,295 93,914
TOTAL FUNDS 162,725 150,996

The financial statement were approved by the Board of Trustees and authorised for issue on 27 October 2025 and were signed on its behalf by:

Mr R Isworth Chair 05/11/25

The notes form part of these financial statements

THE MILDRED TRUST

NOTES TO THE FINANCIAL STATEMENTS for the Year Ended 31 March 2025

1. ACCOUNTING POLICIES

Basis of preparation of financial statements

The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measure reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

The charity is exempt from tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

continued…

THE MILDRED TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued

for the Year Ended 31 March 2025

1. ACCOUNTING POLICIES - continued

Depreciation

Depreciation is provided to write off the cost of the asset over its estimated useful economic life.

Assets are depreciated at the following rates:

Fixtures, fittings and equipment 10% Straight line

Depreciation is provided at rates calculated to write off the cost of each asset over its useful life. Items of equipment are capitalised where the purchase price exceeds £500.

2. INVESTMENT INCOME

Deposit account interest
Bank compensation		 31/03/2025
£
1,607
-
1,607		 31/03/2024
£
820
750
1,570

3. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 March 2025 nor for the year ended 31 March 2024.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 March 2025 nor for the year ended 31 March 2024.

continued…

THE MILDRED TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued

for the Year Ended 31 March 2025

4. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

INCOME AND ENDOWMENTS FROM
Donations and legacies
Investment income
Total
EXPENDITURE ON
Raising funds
Other
Total
NET INCOME
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD
5.
FIXED ASSETS
COST
As at 31 March 2024
Additions
As at 31 March 2025
DEPRECIATION
As at 31 March 2024
Charge for period
As at 31 March 2025
NET BOOK VALUE
As at 31 March 2024
As at 31 March 2025		 Unrestricted
funds
£
26,868
750
27,618
1,995
1,692
3,687
23,931
33,151
57,082		 Restricted
funds
£
45,338
820
46,158
20,884
7,461
28,345
17,813
76,101
93,914
FF&E
-
3,660
3,660
-
-
-
-
3,660		 Total
funds
£
72,206
1,570		 Total
funds
£
72,206
1,570
73,776
22,879
9,153
32,032
41,744
109,252
150,996
Total
-
3,660
3,660
-
-
-
-
3,660
continued…

THE MILDRED TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued

for the Year Ended 31 March 2025

6.
STOCKS
Stocks
7.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Prepayments
Other debtors
8.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Bank loans and overdrafts (see note 8)
Trade creditors
Other creditors
9.
LOANS
An analysis of the maturity of loans is given below:
Amounts falling due within one year on demand:
Bank overdrafts		 31/03/2025
£
1,010
31/03/2025
£
265
787
1,052
31/03/2025
£
-
-
2,016
2,016
31/03/2025
£
-		 31/03/2024
£
609
31/03/2024
£
-
416
416
31/03/2024
£
1,442
1,407
1,452
4,301
31/03/2024
£
1,442

continued…

THE MILDRED TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued

for the Year Ended 31 March 2025

10. MOVEMENT IN FUNDS

At
01/04/2024
£
Unrestricted funds
General fund
57,082
PCC Grant OSHL
-
57,082
Restricted funds
Old School House Larder
82,854
Social Prescribing
11,060
Asda Foundation Grassroot Grant
-
ABC Household Support Fund
-
ABC Cllr Walder Members Grant
-
ABC HSF 2
-
93,914
TOTAL FUNDS
150,996
Net movement in funds, included in the above are as follows:
Incoming
Resources
resources
expended
£
£
Unrestricted funds
General fund
32,362
(29,929)
PCC Grant OSHL
4,000
-
36,362
(29,929)
Restricted funds
Old School House Larder
-
-
Social Prescribing
-
-
Asda Foundation Grassroot Grant
800
(26)
ABC Household Support Fund
25,000
(19,686)
ABC Cllr Walder Members Grant
300
-
ABC HSF 2
-
(1,093)
26,100
(20,805)
TOTAL FUNDS
62,462
(50,734)		 Net
movement
in funds
£
100,008
340
100,348
(82,854)
(11,060)
774
5,314
300
(1,093)
(88,619)
11,389
Transfer
of funds
£
97,574
(3,660)
93,914
(82,854)
(11,060)
-
-
-
-
(93,914)
-		 At
31/03/2025
£
157,090
340
157,430
-
-
774
5,314
300
(1,093)
5,295
162,725
Movement
in funds
£
100,008
340
100,348
(82,854)
(11,060)
774
5,314
300
(1,093)
(88,619)
11,729

continued…

THE MILDRED TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued

for the Year Ended 31 March 2025

10. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

Net
At
movement
31/03/2023
in funds
£
£
Unrestricted funds
General fund
33,151
23,931
Restricted funds
Old School House Larder
71,511
11,343
Social Prescribing
4,590
6,470
76,101
6,470
TOTAL FUNDS
109,252
30,401
Comparative net movement in funds, included in the above are as follows:
Incoming
Resources
Transfer
resources
expended
of funds
£
£
£
Unrestricted funds
General fund
27,618
(3,687)
-
Restricted funds
Old School House Larder
38,398
(27,055)
-
Social Prescribing
7,760
(1,290)
-
46,158
(28,345)
-
TOTAL FUNDS
73,776
(32,032)
-		 At
31/03/2024
£
57,082
82,854
11,060
93,914
150,996
Movement
in funds
£
23,931
11,343
6,470
17,813
41,744

continued…

THE MILDRED TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued

for the Year Ended 31 March 2025

10. MOVEMENT IN FUNDS - continued

A current year 12 months and prior year 12 months combined position is as follows:

Unrestricted funds
General fund
PCC Grant OSHL
Restricted funds
Old School House Larder
Social Prescribing
Asda Foundation Grassroot Grant
ABC Household Support Fund
ABC Cllr Walder Members Grant
ABC HSF 2
TOTAL FUNDS		 At
01/04/2023
£
33,151
-
33,151
71,511
4,590
-
-
-
-
76,101
109,252		 Net
movement
in funds
£
123,939
340
124,279
(71,511)
(4,590)
774
5,314
300
(1,093)
(70,806)
53,473		 At
31/03/2025
£
157,090
340
157,430
-
-
774
5,314
300
(1,093)
5,295
162,725

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
PCC Grant OSHL
Restricted funds
Old School House Larder
Social Prescribing
Asda Foundation Grassroot Grant
ABC Household Support Fund
ABC Cllr Walder Members Grant
ABC HSF 2
TOTAL FUNDS		 Incoming
resources
£
59,981
4,000
63,981
38,398
7,760
800
25,000
300
-
72,258
136,238		 Resources
expended
£
(33,616)
-
(33,616)
(27,055)
(1,290)
(26)
(19,686)
-
(1,093)
(49,150)
(82,766)		 Transfer
of funds
£
97,574
(3,660)
93,914
(82,854)
(11,060)
-
-
-
-
(93,914)
-		 Movement
in funds
£
123,939
340
124,279
(71,511)
(4,590)
774
5,314
300
(1,093)
(70,806)
53,473

continued…

THE MILDRED TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 March 2025

11. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 March 2025.

THE MILDRED TRUST

DETAILED STATEMENT OF FINANCIAL ACTIVITIES

for the Year Ended 31 March 2025

INCOME AND ENDOWMENTS FROM
Donations and legacies
Donations
Gift Aid Donations
Gift Aid - HMRC
Other Income
Donation Tenterden Comm Hub
Grants
Investment income
Deposit account interest
Bank compensation
Total incoming resources
EXPENDITURE
Other trading activities
Opening stock
Room hire
Funding activities
General distributions
Food and cleaning distributions
Hospitality distributions
Hygiene product distributions
Other food bank distributions
Closing stock		 Unrestricted
funds
£
19,459
6,427
1,607
3,262
-
4,000
34,755
1,607
-
1,607
36,362
609
132
-
829
3,459
990
174
-
(1,010)
5,183		 Restricted
funds
£
-
-
-
-
-
26,100
26,100
-
-
-
26,100
-
40
-
7,592
3,839
-
247
795
-
12,513		 31/03/2025
Total
funds
£
19,459
6,427
1,607
3,262
-
30,100
60,855
1,607
-
1,607
62,462
609
172
-
8,421
7,298
990
420
795
(1,010)
17,696		 31/03/2024
Total
funds
£
27,204
15,057
3,719
-
24,000
2,225
72,206
820
750
1,570
73,776
505
1,080
10,705
800
10,156
8
234
-
(609)
22,879

These pages do not form part of the statutory financial statements

continued…

THE MILDRED TRUST

DETAILED STATEMENT OF FINANCIAL ACTIVITIES - continued

for the Year Ended 31 March 2025

EXPENDITURE - continued
Support Costs
Other
Fines and penalties
Governance costs
Advertising and marketing
Telephone
IT and software costs
Postage and stationery
Subscriptions
Insurance
Wages and salaries
Pension contributions
Sundries
Donations
Accountancy and legal fees
Consultancy
Total resources expended
Net income		 Unrestricted
funds
£
-
985
99
6,442
515
233
265
11,885
115
415
350
3,441
-
24,746
29,929
6,434		 Restricted
funds
£
-
-
-
479
42
-
-
7,522
189
60
-
-
-
8,292
20,805
5,295		 31/03/2025
Total
funds
£
-
985
99
6,921
557
233
265
19,407
304
475
350
3,441
-
33,038
50,734
11,729		 31/03/2024
Total
funds
£
100
-
-
-
361
-
-
-
-
-
-
1,692
7,000
9,153
32,032
41,744

These pages do not form part of the statutory financial statements