REGISTERED CHARITY NUMBER: 1105059
REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024
FOR
MILLER'S ARK
Martin and Company 25 St Thomas Street Winchester Hampshire $023 9HJ
MILLER'S ARK
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024
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|Reference|and|Administrative|Details|1|
|Report|of the|Trustees|2|
|Independent|Examiner's|Report|3|
|Statement|of Financial|Activities|4|
|Balance|Sheet|5|
|Notes|to|the|Financial|Statements|6|to|10|
|Detailed|Statement|of Financial|Activities|11|
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MILLER'S ARK
REFERENCE AND ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 31ST MARCH 2024
TRUSTEES
Mrs A T Duffitt Mrs C G McCrae Mrs H M Ellis
| PRINCIPALADDRESS | Fishers Cottage |
|---|---|
| Farnham Road | |
| Odiham | |
| Hook | |
| RG29 1HR | |
| REGISTERED CHARITY | 1105059 |
| NUMBER | |
| INDEPENDENTEXAMINER | Martin and Company |
| 25 St Thomas Street | |
| Winchester | |
| Hampshire | |
| $0239HJ |
Page 1
MILLER'S ARK
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2024
The trustees present their report with the financial statements of the charity for the year ended 31st March 2024. 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).
OBJECTIVES AND ACTIVITIES
Objectives and aims
The objective of the charity is to advance education and relieve sickness and distress for those with physical, mental or emotional disabilities.
Public benefit
The Trustees confirm that they have complied with the duty in section 17 of the Charities Act 2011] and have referred to the guidance contained in the Charity Commission's general guidance on public benefit. The charity gives those suffering from physical, mental or emotional access to animals to help relieve sickness and distress through therapeutic interaction.
ACHIEVEMENT AND PERFORMANCE
The charity held a number of open days, hosted events for special needs support groups, welcomed residential home clients to the farm, offered educational and therapeutic sessions to clients of all ages and genders and promoted community bonding centred around the new kitchen/tea barn facilities.
FINANCIAL REVIEW
Financial position At 31st March 2024 the charity had net funds of £55,051.
Reserves policy
It is the policy of the Trustees to maintain the free reserves of the charity at a level to provide sufficient funds to cover management, administration and support costs.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
Recruitment and appointment of new trustees
The Trustees of the charity are listed on the information page. New Trustees may be appointed by the existing Trustees. In appointing a new Trustee the settlor or existing Trustees will take into account the benefits of appointing a person who is able by virtue of his or her personal or professional qualifications to make a contribution to the pursuit of the objectives or management of the charity.
Risk management
The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.
Approved by order of the board oftrustees on AZ zl... and signed on its behalf by:
Mrs C G McCrae - Trustee
Page 2
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF MILLER'S ARK
Independent examiner's report to the trustees of Miller's Ark
1 report to the charity trustees on my examination of the accounts of Miller's Ark (the Trust) for the year ended 31st March 2024.
Responsibilities and 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. | 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:
- ly accounting records were not kept in respect of the Trust as required by Section 130 of[the][Act;][or] 2is 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.
Lucy Dixon FCA
Martin and Company 25 St Thomas Street Winchester Hampshire $023 9HJ
Date: 20.~nh Deconos 2024
Page 3
MILLER'S ARK
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST MARCH 2024
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|---|---|---|---|---|---|
|ee|
|2024|2023|
|Unrestricted|Total|
|fund|funds|
|Notes|£|Fs|
|INCOME|AND ENDOWMENTS|FROM|
|Donations|and|legacies|49,538|23,814|
|Other|income|3,500|1,175|
|Total|53,038|24,989|
|EXPENDITURE|ON|
|Charitable|activities|2|
|Charitable|activities|76,556|50,230|
|NET INCOMEEXPENDITURE)|(23,518)|(25,241)|
|RECONCILIATION|OF|FUNDS|
|Total|funds|brought|forward|78,569|103,810|
|TOTAL FUNDS CARRIED FORWARD|55,051|78,569|
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The notes form part of these financial statements
Page 4
MILLER'S ARK
BALANCE SHEET
31ST MARCH 2024
| 2024 | 2023 | ||
|---|---|---|---|
| Unrestricted | Total | ||
| fund | funds | ||
| Notes | £ | £ | |
| FIXED ASSETS | |||
| Tangible assets | 6 | 43,436 | 53,782 |
| CURRENT ASSETS | |||
| Debtors | 7 | 20,652 | 25,522 |
| Cash at bank and in hand | 3,962 | 3,654 | |
| 24,614 | 29,176 | ||
| CREDITORS | |||
| Amounts falling due within one year | 8 | (12,999) | (4,389) |
| NET CURRENT ASSETS | 11,615 | 24,787 | |
| TOTAL ASSETS LESS CURRENT | |||
| LIABILITIES | 55,051 | 78,569 | |
| NET ASSETS | 55,051 | 78,569 | |
| FUNDS | 9 | ||
| Unrestricted funds | 55,051 | 78,569 | |
| TOTALFUNDS | 55,051 | 78,569 |
The financial statements were approved by the Board of Trustees and authorised for issue on wb Qf popea ae and were signed on its behalf by:
C G McCrae - Trustee
The notes form part of these financial statements
Page 5
MILLER'S ARK NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024
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1. ACCOUNTING POLICIES
Basis of preparing the 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 | 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. The financial statements have been prepared to give a ‘true and fair' view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a 'true and fair' view. This departure has involved following Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK nad Republic of Ireland (FRS102) issued on 16th July 2014 rather than the Accounting and Reporting by Charities: Statement of Recommended practice effective from 1st April 2005 which has since been withdrawn.
The trustees consider that there are no material uncertainties about the Charity's ability to continue as a going concern.
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 measured 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.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Improvements to property - 10% straight line Kitchen equipment - 25% on reducing balance Animals - 10% straight line Taxation The charity is exempt from tax on its charitable activities.
Fund accounting
All funds held by the charity are unrestricted general funds which can be used in accordance with the charitable objectives at the discretion of the Trustees.
Pension costs and other post-retirement benefits The charity operates a defined contribution pension scheme. Contributions payable to the charity's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
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continued...
MILLER'S ARK
NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31ST MARCH 2024
| 2. | CHARITABLE ACTIVITIES COSTS | |||||
|---|---|---|---|---|---|---|
| Direct | Support | |||||
| Costs | (see | costs (see | ||||
| note | 3) | note 4) | Totals | |||
| £ | £ | £ | ||||
| Charitable activities | 73,099 | 3,457 | 76,556 | |||
| 3. | DIRECT COSTS OF CHARITABLE ACTIVITIES | |||||
| 2024 | 2023 | |||||
| £ | £ | |||||
| Staffcosts | 50,371 | 21,999 | ||||
| Rent | 4,000 | 4,000 | ||||
| Motor expenses | 92 | 141 | ||||
| Repairs and renewals | 1,540 | 1,627 | ||||
| Animal upkeep | 3,000 | 3,000 | ||||
| Open day costs | - | 1,349 | ||||
| Depreciation | 14,096 | 14,109 | ||||
| 73,099 | 46,225 | |||||
| 4, | SUPPORT COSTS | |||||
| Governance | ||||||
| Management | Finance | costs | Totals | |||
| £ | £ | £ | Fa | |||
| Charitable activities | 2,203 | 72 | 1,182 | 3,457 | ||
| Support costs, included in the above, are as follows: | ||||||
| Management | ||||||
| 2024 | 2023 | |||||
| Charitable | Total | |||||
| activities | activities | |||||
| £ | £ | |||||
| Office costs | 1,692 | 1,188 | ||||
| Sundries | 108 | 340 | ||||
| Bookkeeping | 403 | 462 | ||||
| 2,203 | 1,990 |
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continued...
MILLER'S ARK
NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31ST MARCH 2024
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4, SUPPORT COSTS- continued Governance costs
| 2024 | 2023 | |||
|---|---|---|---|---|
| Charitable | Total | |||
| activities | activities | |||
| £ | £ | |||
| Independent | examiner's | fees | 1,182 | 1,182 |
- TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees’ remuneration or other benefits for the year ended 31st March 2024 nor for the year ended 31st March 2023.
Trustees' expenses
There were no trustees’ expenses paid for the year ended 31st March 2024 nor for the year ended 31st March 2023.
- TANGIBLE FIXED ASSETS
| TANGIBLE FIXED ASSETS | |||
|---|---|---|---|
| Improvements | |||
| to | Kitchen | ||
| property £ |
equipment is |
Animals £ |
|
| COST | |||
| At Ist April 2023 | 98,011 | 17,285 | 14,800 |
| Additions | - | 3,750 | - |
| At 31stMarch 2024 | 98,011 | 21,035 | 14,800 |
| DEPRECIATION | |||
| At Ist April 2023 | 58,797 | 13,612 | 7,740 |
| Charge foryear | 9,802 | 1,856 | 1,480 |
| At 31st March 2024 | 68,599 | 15,468 | 9,220 |
| NET BOOK VALUE | |||
| At 31st March 2024 | 29,412 | 5,567 | 5,580 |
| At31stMarch2023 | 39,214 | 3,673 | 7,060 |
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continued...
MILLER'S ARK
NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31ST MARCH 2024
| 6. | TANGIBLE FIXED ASSETS- continued | ||||
|---|---|---|---|---|---|
| Motor | Computer | ||||
| vehicles | equipment | Totals | |||
| £ | £ | £ | |||
| COST | |||||
| At Ist April 2023 | 15,000 | 1,299 | 146,395 | ||
| Additions | - | - | 3,750 | ||
| At 31st March 2024 | 15,000 | 1,299 | 150,145 | ||
| DEPRECIATION | |||||
| At Ist April 2023 | 11,164 | 1,299 | 92,612 | ||
| Charge for year | 959 | - | 14,097 | ||
| At 31st March 2024 | 12,123 | 1,299 | 106,709 | ||
| NET BOOK VALUE | |||||
| At 31st March 2024 | 2,877 | - | 43,436 | ||
| At 31st March 2023 | 3,836 | - | 53,783 | ||
| 7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||
| 2024 | 2023 | ||||
| £ | £ | ||||
| Other debtors | 20,652 | 25,522 | |||
| 8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||
| 2024 | 2023 | ||||
| £ | £ | ||||
| Other creditors | 12,999 | 4,389 | |||
| 9. | MOVEMENT IN FUNDS | ||||
| Net | |||||
| movement | At | ||||
| At | 1.4.23 | in funds | 31.3,24 | ||
| £ | 3 | £ | |||
| Unrestricted funds | |||||
| General fund | 78,569 | (23,518) | 55,051 | ||
| TOTALFUNDS | 78,569 | (23,518) | 55,051 |
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continued...
MILLER'S ARK
NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31ST MARCH 2024
a
9MOVEMENT IN FUNDS- continued
Net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | ||
|---|---|---|---|---|
| resources | expended | in funds | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 53,038 | (76,556) | (23,518) | |
| TOTALFUNDS | 53,038 | (76,556) | (23,518) | |
| Comparatives for movement in funds | ||||
| Net | ||||
| movement | At | |||
| At 1.4.22 | in funds | 31.3.23 | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 103,810 | (25,241) | 78,569 | |
| TOTALFUNDS | 103,810 | (25,241) | 78,569 | |
| Comparative netmovement in funds, included in the above are as follows: | ||||
| Incoming | Resources | Movement | ||
| resources | expended | in funds | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 24,989 | (50,230) | (25,241) | |
| TOTAL FUNDS | 24,989 | (50,230) | (25,241) | |
| 10. | RELATEDPARTYDISCLOSURES |
There were no related party transactions for the year ended 31st March 2024.
Page 10
’ ’
MILLER'S ARK
DETALLED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST MARCH 2024
| 2024 | 2023 | |
|---|---|---|
| £ | £ | |
| INCOME AND ENDOWMENTS | ||
| Donations and legacies | ||
| Donations | 49,538 | 23,814 |
| Other income | ||
| Profit on sale ofanimals | 3,500 | 1,175 |
| Total incoming resources | 53,038 | 24,989 |
| EXPENDITURE | ||
| Charitable activities | ||
| Wages | 48,382 | 21,036 |
| Pensions | 1,989 | 963 |
| Rent | 4,000 | 4,000 |
| Motor expenses | 92 | 141 |
| Repairs and renewals | 1,540 | 1,627 |
| Animal upkeep | 3,000 | 3,000 |
| Open day costs | - | 1,349 |
| Plant and machinery depreciation | 14,096 | 14,109 |
| 73,099 | 46,225 | |
| Support costs | ||
| Management | ||
| Office costs | 1,692 | 1,188 |
| Sundries | 108 | 340 |
| Bookkeeping | 403 | 462 |
| 2,203 | 1,990 | |
| Finance | ||
| Bank charges | 72 | 833 |
| Governance costs | ||
| Independent examiner's fees | 1,182 | 1,182 |
| Total resources expended | 76,556 | 50,230 |
| Netexpenditure | (23,518) | (25,241) |
This page does not form part of the statutory financial statements
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