COMPANY REGISTRATION NUMBER: 03784507
CHARITY REGISTRATION NUMBER: 1111029
Combe Mill Society
Company Limited by Guarantee
Unaudited Financial Statements
For the year ended
31 March 2023
*ACBKAT3
26107r2023
OMPANIES HOUSE
#116

Combe Mill Society
Company Limited by Guarantee
Financial Statements
Year ended 31 March 2023
Page
Trustees. annual report (incorporating the directorfs report)
Independent examinerfs report to the trustees
Statement of financial aclivities (including income and
expenditure account)
Statement of financial position
Notes to the linancial statements

Combe Mill Society
Company Limited by Guarantee
Truslees. Annual Report (Incorporatlng the Dlreclor's Report)
Year ended 31 March 2023
The trustees, ¥b*KJ are also the directors for the purposes of company law. present their Terth and the
unaudited linancial statements ol Ihe charity for the year ended 31 March 2023.
Reference and administrative detalls
Regi￿ere￿ charlly name
Combe Mill &￿IetY
Charily registraiion number
1111029
Comp•Thy registration number 03784507
Principal oflice •nd reglstered Blenheim Pdace Sawmills
offlce
LorKJ Hanb￿Ugh
Oxlord5hiie
OX29 BET
The trustees
P Hawtin
A Simmons
P Tr￿e5
J Stu8rt-Thompson
D Goddard
M Gruber
W Foster
S Fosrer
IResigned 20 May 20221
Independent examiner
Andrew A Adams and Co Ltd
Cherry House
Pond Hill
Slone51iehJ
Witney
Oxlordshire
OX29 8PZ

Combe Mill Society
Company Limited by Guarantee
Trustees. Annual Report (Incorporating the Dlreclor's Report) (¢onNn&*dJ
Year ended 31 March 2023
1. Oblectlves and attl¥ltles
Pury)ose
The eharrty's objects I'objects'l are speryfully restricted lo the following
lo advance the educatK)n ol the put4ic by Ihe operalion ol Combe Mill at Blenheim Palace
Sawmill, Coml)e. Witney, OX29 8ET, demonstrating, recording preserving. praclising and
disseminating the whole range ol skills in the conslruclion, maintenance. operation and associated
activities ol water and sleam-powered mills. abng with items d*ectly a$s￿lated with Combe Mill,
Ihe Blenheim Eslate Oxlordshire.
2. to research, esrablish, restore. maintain aThJ equip Comi* Mill to demonslraie, improve and teach
the design, construction. operation and use of water- and Stearn-￿Wered mills for the purpose ol
the education of Ihe public, i¢yJeiher wilh the dissemination ol ihe resufts of any research
conducted and to carry oui works lor improvement. develcfmnent and promotion of Combe Mill.
Maln aclivities
The Society's main activilies are those induded in the &oety's 0￿.ects quoted verbaiim above.
Dire¢lors' conlinnation with respect to public beneflt
The directors confirm that to the best ol their belief and knowledge that Ihe deosions that they have
taken are in accordance wlh the Commission's gU￿an￿ on public benefit.
The chairman ol any meeb.ng ol the directors is responsible for adwsing ihe meeting. as and when
necessary, as io the need lo conlomi lo Ihe Commisston's gu￿lance.
Addltional informatlon
Combe Mill Society IThe Society) does not make grants or social investments as part ol ils charitab
objectives.
Tho Society has a tot￿ rnembership ol approximately 1￿". ol wh￿h haw are aclrve and. in a normal
year, contribute to the maintenance and operation ol Combe Mill arKI demonstrate the working
machinery and the supportiThJ craft skills to the wsrting public.
In additi)n, whenever waclicatrje. visitors are encouraged lo try Iheir harKls at the various skills. For
example..
11 On Sieaming Sundays, working in the lor9e uTrJer one lo one supervis￿n with an experienced
t￿acksMith, they can make a poker.
21 For a more in depth experierte a hall days tAacksmithing experwce is available: again working
wilh an experienced blacksmith.
31 Altematively visitors Can sign up YOT a ham day beam engine driving course. On this course visitors
learn about stationary steam engl￿S and Iheir ￿a¢e in industrial history.. as well as thiving the
beam eThJine.
41 Visilors can try their hand at w(thlurnirKJ whenever there is a compelenl wood turner ryesent.
51 The Society's has small mechanicJ workshop. This albws visitors lo see how Victorian
workshops operated. Our loNard plans envisage that visitors ￿11 be able to try Iheir hands at
metal turning.
Prior lo undertaking any ol Ihese activities visrtor5 are gwen a 5alety brieling that include5 the special
risks associated with working with heritage machinery and t¢￿$.
The above a¢b'Vil￿$ require visitors lo come lo the Mill. Some Members lake the Mill lo potenii'al
visitors by giving lalks on the history ol the Mill lo other communty groups. Similar talks are ￿Ven al
the Mill when visitors arè present.

Combe Mill Society
Company Limited by Guaranlee
Trustees. Annual Report (Incorporating Ihe Director's Report)
Year ended 31 March 2023
2. khievements and yrforfflance
We had visits from five sch￿$ and several evening cl￿ and scout visits. We also welcomed seven
community group visits. A numtr*r of talks were gNèn to lo¢al clubs and donations ieceived in return.
Our major activity has been in the field ol STEM (a nationwide initiative lo awaken interest in Science,
Technology. Er4Jineering and Mathema1￿}. The Sociely's aim is lo open Ihe minds ol the young and
Iheir parents and guardians.
The Mill continues to dèvelop as a recognised leisure destination for the local population which helps
Ihe Trustees lo deliver the Society's charitable objectives and at the same lime provKles revenue to
sustain our aclivilies.
Additional Informalion
The Society ￿anned and delivered eTght steamirwJ events durirNJ ￿1¢h all machinery was in operation.
11 opened for viewing on Wednesdays between April and Ouobw when visitors could see volunteers
at wot* and lalk to th8rn atrKJul the work.
Flnanclal revlew
General
Over the year ending March 3151 2023 the Stxiety Iwl an excess ol receipts over expenditure ol
£7.330 compared with an excess of £4,164 in 2022.
The Society generates income trom the sale ol admission tidtets, refreshments, aclivty exper1er￿¢s,
Telail and the hire ol the riversKle lea room.
Thg balance in Ihe Charit*s bank tsjrrent aecount al 3151 Mareh 2023 was £22,897.
rhe reserves wlicy ot the Trustees is to aim at a situation where the Society has reserves that will
allow it to meet its eore costs lor one year.
The swiely's ￿serve lund will t* required lor future major MachI￿Y and building maintenance or
replacement costs. It Sto￿1 at £15.000.00 al ihe end ol the year.
11 is the Twslees policy that on-going rnwntena￿ is met Irrm current ir￿OMe.
Expenditure
Governance . Upkeep
Charitable Activib'es
2022rzJ 2021r22
£8,170.51
£6,002 32
£8.342.19 £8.956.14
Source of funds:
The costs of operab'rKJ the Mill as an industrial museum in accordarte wrth Ihe Societls Article ol
Association is usually funded through admiss￿￿ ehaTges and the sale of souveniis and refreshments,
together vhlh the hire ol the lea room for meeiings and events. This season our income from
charilable and lundiaising acbvities was £35.985.
We received no grants duriry this financial year.
Generous donations ITOM arK*nymws donors. Members and Frwds of Combe Mill Socièty.
amounting lo £870 have been another source ol lunding.
Girt M'd was recoverable on the majority ol Ihe funds receNed by ¢S)nalKJns.

Combe Mill Society
Company Llmlted by Guarantee
Trustees, Annual Report Ilncorporaling the Director's Report)
Year ended 31 March 2023
Investment Pollcy:
The Society's only invesiments con&st of bank deposils and no special SI￿1￿. environmental or
ethical consideration arise.
Additional Infomation:
Principal rlsks faclng the charily: The Sociely's basic business model remains critically dependant
on a adequate supply of suitably qualified volunieers. Historically this need has been mwnly sutplied
by retired peisons who have ha(J the necessary technical training during iheir employment. The
directors are aware that this is a diminishing resource due.to Ihe ¢hangiro structure ol industry.
The Society now $9eks volunteers with appropriale basic skills and encourages them lo become
members. The Society PrOv￿JeS them with the relevant specialised training.
The directors are mindful ol the need to ensure financial pro￿. The Articles require that
dire¢lors must prepare accounts lor each linawal year a5 required by the Companies Acts. The
Directors keep accountir¥J records as required by relevant Companies Act and believe that the
accounts..
Show a true and lair view.
Follow accounting staThlards issued or athpled by Accounting StarKlards Board or its
successors and
Adhere to the reconmendatK)ns of appfuble Slalements ol Recommended Pract
In Ofder lo meet Ihese requirements. Ihe directors prepare financial staternenls lor each financial year
which give a true and lair view ol the state of affairs ol the company and ol its incoming resources and
application ol resources of the company tor that peri(Kl.
The (lireclors are responsible lor maintaining satisfactory Systems ol internal control and keeping
proper accounting ieeords wh￿h disclose wlh reasonable accuiacy al any time the financial posilion
ol the company and to enable them to ensure that the h"nancial statements comply with the
appropriate Companies Act and guMYance issued by Companies House. The tjireclors aTè also
responsible lor safeguarding the assets of Ihe cornpany and hence for takiNJ reasonable steps lor the
prevenlion ancl detection ol fraud other irregularities.
So lar as the direciors a￿ aware, there relevant inlormation ol which the accountants. who act
as Independent Examiners. are unaware. The directors have taken all the steps that they OLbght t¢
have taken in order lo make themselves aware ol any re￿vant audit information and lo establish that
the accountants are aware ol that infomation.
4. SiructUTe, goveTnan¢e and managemenl
Company status: The Sociely is a charitthe company limrted by guarantee and ils governir
(hxument takes the form ol Articles ol Association.
Appointment of dlrectors.. The Articles governing Ihe appointment ol directors are based on the
proposals in the hAodel Arti￿ extant in 2019. The arrangements remain Ihose summafised in the
2019120 Anwal Report.
No direct￿ is permitted to apFoinl an aiiemate director or anyone lo act on his or her behalf al
meetings ol Ihe direct¢Jts.
c￿oPeration wilh other charltles.. A number ol charilies operale on land that is adjacent lo the
Society's boundaries. It is the ol the directors lo co-operate ￿1h these charities insolar as the
Society's thjects permit.

Combe Mill Society
Company Limiled by Guaranlee
Truslees. Annual Report (Incorporating the Director's Reportl fcontinuedj
Year ended 31 March 2023
5. Funds held as custodian directors on behalf ot others
None
Éxemptions Irom disclosure
None
Name ol directors holding litle to property belonging lo the charity
None
6. Declaratlons
The company has taken advanlage ot the small companies. exemplion in weparing the report above.
The diTe¢tors declare that they have approved Ihe Directors, Rep)rt above and have authorised the
chairman lo sign it.
Signed on beham ol the Society's Directors
Stephen Foster
Chairman
Dated
If11 ILS

Combe Mill Society
Cornpany Limited by Guarantee
Independent Examiner's Report to the Truslees of Combe Mill Society
Year ended 31 March 2023
I report to the irustees on my examinat￿ ol the linartial statements of Combe Mill Society I'the
charity) lor the year ended 31 March 2023.
Responsibilities and basis of report
As the trustees ol the company land ￿$0 its th"rectors fc￿ the purw)ses ol company lawl you arè
responsible for the preparat￿ll ol the financial statements in accordance with Ihe requirements ol the
Companies Act 20061'the 21X)6 Act'l.
Having salislied myEell thal the accounts ol the comparry are rK)t required lo be audited under Part 16
ol the 2006 Act and are eligible lor independent examination, I report in reSp￿t ol my examination ol
the charity's accounts as carr￿d out under section 145 01 the Charities Act 2011 ltthe 2011 Act'l. In
carrying out my examination I have followed the Directw)ns gwen by Ihe Charity Commission under
section 145lSllbl ol the 2011 Act.
Independent examiner's statement
I have eompleted my examination. I confirm that no matters have come io my attention in connedion
wilh Ihe examinaiion giving me cause lo believe:
accounting records were n(rt kept ￿ respect of the charity as required by section 386 01 Ihe
the fina￿la1 statements do not acccKd with those records.. or
the financial slalemenls do not comply wlh Ihe accounting requirements ol Sectic￿ 396 01
the 2006 Acl other than any requirement that the accounts give a 'true and lair. view wh￿h
is rK)l a maner crMsirJere(l as part of an iwndeni examinats"on; or
the linar￿la1 statements have not been prepared in accordance with the methods and
prineiples ol the Statement ol Recommended Pra￿e lor accounting and reporting by
charities applicthe lo charities preparing their accounts in accordance th the Financial
Rep)rting SlaThJard aFWicatrAe in the UK and Rewbli¢ ol IrelaThJ IFRS 1021.
I have no concerns and have come across ￿ other mallers in connection with the examination to
which attention should be drawn in this re￿rt in order lo enable a proper understanding ol the
accounts io be reached.
Anthew A Adams arKI Co Lid
Independent Examiner
111
Cherry House
Pond Hill
Stonesfield
Wiiney
Oxlordshire
OX29 8PZ

Combe Mlll Society
Company Limited by Guarantee
Slalemenl of Financial Activities
{including income and expenditure accounl)
Year ended 31 March 2023
2023
Unrestricted
funds Total funds Total funds
2022
Income and endowments
Donations and legacies
Charitable activities
Investment income
870
37.517
246
870
37.517
246
12,865
26,047
13
Total Income
38,633
38.633
38.925
Expenditure
Expenditure on raising lund5'.
Costs ol raising donaliorts and legacies
Expenditure on charrtable aclivities
Total expendilure
8.116
25.284
8.116
25,284
33.4[
4.654
25,778
33.400
30.432
Net income and net movement In funds
5.233
8,493
Reconclllation of funds
Toial funds brought fon¥ard
Total funds carried fon¥ard
45,420
45,420
36,927
50.653
50.653
45.420
The slaternent ol financial activitr.es includes all gains and bsses re￿gniSed in Ihe year.
All income and expeThJituie dèrbve from conlinuing activities.
The no¢es on pages 9 to 15 fom part ol these financial statements.

Combe Mlll Society
Company Limited by Guarantee
Slalemenl of Financial Position
31 March 2023
2023
2022
Fixed assets
TaThJible fixed assets
15
9,920
12.028
Currenl assets
st￿ks
Cash al bank arKI in harKI
16
3.229
38.604
2,903
31,489
41.833
34,392
Credltors: wnounts falllng due wlthln one year
Net C￿r￿n1 assets
17
1.100
1.000
40.733
33,392
Total assels less currèN Ilabilities
50.653
45,420
Net assets
50,653
45,420
Fund$ ol the eharity
Unreslricted funds
50.653
50,653
45.420
Total ¢harlty lund$
45,420
For the year ending 31 March 2023 the charily was entrtled to exemption from audit under section 477
ol the Companies Act 2006 relating lo small companies.
Directors, reswnsiknlities..
The members have not required the comparry to obtain an audit of its linancwl statements lor the
year in queSt￿n in accofdance wilh section 476.
The direct￿S acknowledge their reSponsi￿lItieS for complying wlh the requirgments ol the Act
wrth respect to accounting records arKI the weparation of linanciat statements.
These financial statements have been Prepared in aceoTdarte with the prowsions applicablg to
cornparies subj.ect lo the small companies. regime.
rhe
nancial staiemenls were approved by the toard of trustees and aulhorised lor issue on
L3. ..., and are swJned on behall ol the board by..
P Tro￿e$
Trustee
The notes on pwjes 9 to 15 forni pgrt ol these final￿1￿1 stalement&

Combe Mill Society
Cornpany Limited by Guarantee
Noles lo the Financial Statements
Year ended 31 March 2023
General information
The charity is a public benefft entity arhj a private company limiied by guarantee, registered in
England and Wales and a register&1 charity in ErrfJland and Wales. The address ol Ihe
registered office is Blenheim Palxe Sawmills, LorwJ Han￿rOUgh, Oxlordshire, OX29 8ET.
Statement ot compllan¢e
These financial statements have been PrePa￿d in COM￿llnCe wrth FRS 102, 'The Financial
Reporting sta￿laT(s appliCa￿e in the UK and the Republ￿ ol Ireland,, the Statement ol
Recommended Practice aOicable to charilies preparing their accounts in accordance with the
Financial Reporting Standard applicable in the UK aThJ Republic ol IrelaThY IFRS 1021 Icharilps
SORP IFRS 10211 and the Companies Act 2006.
Accounting pollcles
Basls ol preparation
The financial statemenis have been prepared on thè historical cost basis, as modified by the
revaluation ol certain financial assets and liabilit￿ and investment propenies measured at lair
value through income or exFeThJiture.
The financial statements are prepafed in slediThJ. wh￿h is the lunetional eurrerty of the enlily.
Going concom
There are no material urKertainiies a￿￿1 the ChanI￿S atxlity to continue.
Disclosure exemptions
None.
Judgements and key sources of estlm*lon uncertainty
In the application of ihe Charity's accounting policie5, the trustees are required to make
judgements. estrmales arKI as5umptKJns about the carrwng amoLTrnt ol assets and liabilities that
are not readily apparert from ￿￿er sources. The esiimaies and associaied assumptions are
base(l on historical experience and other fadors Ihat are considered to be relevant. Acttjal
results rnay dilfer Irom these eslimales.
The estimate5 and underlwng assumpttons are revbewed on an ongoing basis. Revisions to
accouniino eslimales are recconised in the Feriod in whth the ests.mate is revised where the
revision alle¢ts only that period. or in the period ol Ihe rewsion artl future peric¥ds whgre the
revigon allects both eurreni an¢J futu￿ perths.

Combe Mlll Society
Company Limiled by Guarantee
Noles to Ihe Financial Stalemenls (e0nth￿dj
Year ended 31 March 2023
Accounllng pollctes (¢¢rfthl￿j
Fund o¢¢ountlng
Unreslricled funds are available lor use at the discretion ol the trustees lo further any ol the
charlls wrposes.
Designated fun(Js are unreStr￿ted funds earmath￿l by the Irustees lor particular lulure project or
commitment.
Reslrieted funds are suty"ected to reslricb'ons on their expenclilure declared by the donor or
through the terms ol an appeal. and fall inlo one of iwo sub-classes.. ￿St￿ed income lunds or
endowment funds.
Incomlng resour￿9
All incomirMJ resources a￿ inclL*Jed in the stalement of financial activities when entillemenl has
passed lo the charity- il is probable that the economic benefits assrKiated with the transaction
will flow lo the charity ar*J Ihe amount can be reliably measured. The lollowiThJ specific policigs
are applied io paflicular categories ol income..
income from dOnal￿r￿S or grants is recognised when there is ev*Jence of enlillemenl lo the
gift. receipi is probaue and its amounl can be measured rel1*￿y.
legacy I￿orne is re¢ognised when receipt is probabbe and entrtlemenl is established.
income from donated g(￿$ is measure(l al the lair value ol the goods Un￿$$ this is
impractical lo measure reliably. in wh￿h case the value is derived from the cosl lo the donor
or the estimated resale value. Donated facilities and services are recogni5ed in the
accounls when received il the value can b8 rdiably rneasured. No amounts are included for
the Contribulion ol general volunleeTS.
income from contracts lor the supply ol services is recojnised with the delivery of the
contracted service. This is classilied as unrestricte(I funds unless Ihere is a contractual
requirement lor il io be spenl on a particular Plfyrr￿ and returned rf unspent, in which case
it may be regarded as restricted.
10-

Combe Mill Society
Company Limited by Guarantee
14oles to the Flnancial Statements (c￿{￿1￿d}
Year ended 31 March 2023
Accounllng policies ¢¢onth￿)
Resources expended
Expenditure is recognised on an accwals basis as a liability is incuired. Expenditure includes any
VAT which cannol be lully recovered, and is da5silied under headiThJ5 of th8 statemenl ol
linwKial activities to wh￿h it rdates=
expernlrture on raising funds includes the costs ol a51 lundfaising actMl*s. events.
non-charitable trading acb"vrties. and the sale ol thfynated goods.
expenditure on Char[tab￿ activrties Ir￿udeS all costs incurred by a charity in und9rtaking
activities that further its charitable aims lor the ben81rt ot its benef￿larIe5. including those
support costs and costs relating to the govemance ol Ihe charity aFWrtioned to charitabl8
activities.
other expe￿Illure includes expenditure that ts neither related to raising funds lor the
charity nor part ol its expenditure on charitable activit￿$.
I costs are allrtaied to experKliture categories reflecting the use of the resource. Direct costs
attributable to a single activity are althaled directly to that activity. Sharecl cost5 are appoth'oned
between the acliwlies they contribule to on a reasonable, iusb"lialJe and ￿)nSIstEnt basis.
Tangible assets
Tangible assets are initially recorded al cost. and subsequently slated al cost less any
accumulated depreciation and irnpairment losses. Any tangible assets carried al revalued
amounts a￿ recorded al the lar value al the dale ol revaluaiion less any subsequent
a¢¢umulated depreciation arKI sut)sequent accumulated imparment losses.
An increase in Ihe carrying amount of an asset as a result ol a revalualion, is recognrsed in other
recognised gains and losses. unless it reverses a charge lor ifflpajrment that has previously been
recognised as expenditure within the statement ol financial a¢tivities. A decrease in the carrying
amount ol an asset as a result of revaluation, is recognised in other fecognised gains and k)sses,
except to wh￿h it offsets any previous revaluation gain, in %thich case the loss is shown wilhin
other recognised gains and losses on ihe stslement ot linancial activiiies.
Depreclatlon
Depreciation is calculated so as lo write off the cost or valuation of an assel, less its ￿SidUal
value, over the useful economic IFle ol that assel as lollows..
Plant and machinery
20% reducing balance
Impairment of fixed assets
A review lor indieators of impaimienl is carried out at each reporting dale, with the recoverable
amount beiNJ eslimale(1 where such indicators exist. Where Ihe carying value exceed5 the
recoverable amount, the asset is impaired accordingly. Prmy impwrmenls are also reviewed lor
possible reversal at each reporting date.

Combe Mill Society
Cornpany Limited by Guarantee
Notes to the Financial Statements (cvnthwdj
Year ended 31 March 2023
Accounllng policies (¢￿￿￿0)
Impalmient ol lixed assets (coniinwd)
For the purposes ol impaiment testing, when il is not F#)ssible to estimate the T￿0Verable
amount ol an individual assel. an estimate is made ol the recoveraue amount ol ihe
cash-generaling unil lo which the asset tebrrfJ5. The cash-generating unit is the smallest
idenliliable group ol assets that includes the assei ar￿ generates cash inflows that largely
independent ol thè Cash inflows trom other assets or groups ol assets.
For impaimienl lesiin9 of goodwill. the goodwill acquired in a bLtsiness coml)inalion is. from the
acquisition dale. ￿loCated lo each ol Ihe cash4Jeneraling units that are expected to b8nelil from
the synergies ol the combinaiion, irrespeclNe of whether other assets or liabilities ol the charily
are assigned to those units.
Siocks
Slocks are measure(l al the k)wer ol cost aThY eslimated selling price less costs lo Comp￿te and
sell. Cost includes all costs ol purchase. eosts ol eonversK)n and othe¥ costs incurred in bringiwJ
the stock to its present location and condition.
Financlal instruments
A financial asset or a financial h'ability ts reeognised only when the charily becomes a party lo the
contractual prO￿lS1On$ ol the inslrument.
8a5ic financial instTumerts ale iniliJly recognised at the amount receivable or payable including
any related transaction costs.
Currenl assets and current liaknlilies are subsequently measured al the cash or other
onsideralion expected lo be paKI or receive(l arKI not dt%ounted.
Debt instruments are subsequenuy measured al amortised cosl.
Where investments in shares are publicly traded OT Iheir far value can otherwise be measured
reliably. the investmenl is subsequenwy measured at tair value wlh changes in lair V￿lIe
recognised in irtome and expetKliture. All other such investments are subsequently measured at
cost less impairment.
Other finanual instrumerts, InelL￿lng derNaiFves, are inrtially recognised at lair value. unless
payment lor an asset is deferred beyorKI normal business terms or financed at a rate of interest
that is not a maFket rate, in which case the asset is measured at Ihe present value ol the luture
payments discounted at a market rate of interest for a sifflilar debt instrument.
Other fina￿la1 instruments are subse¢wendy measured at laii value, ￿th any ¢han9gS
reeogni5ed in the statement of linancial activib'es. with the exception ol hedgirKJ instruments in a
desKJnaled hedging relationship.
Financial assets Ihat are measured al cost or amortised cost are fewewed lor objective evidence
ol iwnpairment ￿ the end ol each reporting dale. 11 there is olieclive evidence ol impairment, an
impairment loss is recognised urKJer the appropriate heading in the slalement ol financial
activities in which ihe initial gain was recognised.
12-

Combe Mill Society
Company Limlled by Guaranteè
Notes to Ihe Financial Statements
Year ended 31 March 2023
Accounting policies icooiinuvd)
Financlal Instruments
For all equily instruments regardless ol signillcar￿e. other financial assets that are
individually signrficanl, these are assessed inclividually tor impairment. Other finar￿la1 assets are
either assessed indwKJually or groupgj on Ihe basis ol similar credit risk charaderistics.
Any reversals ol impairment are Tecognised immediately. to the extent that the reversal does noi
r9suIt in a carrying amount ol the financial assel that exeeeds what the carrying amoLsnt would
have been had the impairment not weviously been recogni%ed.
Llmiled by guarantee
Combe Mill Swely is a private company limile(I by guarantee. wTrthout share capital.
Donations and legaci
Unrestricted Total Funds Unrestricted Total Funds
Funds
2023
FUTh
2022
Oonation$
oonab.ons ￿ gills
870
870
912
912
Grants
Other general gTrnls
11.953
11.953
870
870
12.865
12.865
Charitable actlvltles
Un￿striCted Total Funds Unrestricted Total Funds
FuThJs
2023
FurKts
2022
Sales wrthin charitable aclivilies
Other income from charitable activrties
37.222
295
37.222
295
25,851
25.851
196
37.517
37.517
26.047
26,047
Investment incorn8
Unrestricted Total Funds Unrestricled Total Funds
FuThts
2023
Funds
2022
Interesl receivable
246
246
13
13-

Combe Mill Society
Company Limited by Guarantee
Notes to the Financlal Statements (conthm
Year ended 31 March 2023
Costs of raising donallons and legacles
UnTestricted Total Funds Unrestricted Total Funds
Funds
2023
Funds
2022
Opentng slcck
Purchases
Shop Sup￿leS
Ckjsing strtk
2.903
1,854
2.903
1.854
6.588
13.2291
8.116
2.237
1.414
3,￿6
{2,9031
4,654
2,237
1.414
3.￿6
12.9031
4,654
13,2291
8.116
Expenditure ort charitable adivities by lund typè
un￿tr￿ed Total Funds Unreslricled Total Funds
FurKIs
2023
Funds
2022
Charitable adivities
Support costs
24,169
1.115
24,169
1.115
24.755
1.023
24.755
1,023
25.284
25.284
25,778
25.778
10. Analysis of support costs
Analysis ol
support COSIS
Total Total 2022
Governance tt*Sts
1.100
1.100
1.000
11. Net Income
Nel income is staled after Charg1￿(cleditirOl.
2023
2022
Depreciation ol larKJit4e fixed assets
2,478
3,(￿6
12. Independent examlnatlon lees
2023
2022
Fees payable lo the independenl examiner for=
Independent examination of Ihe finanual staiemenis
1.CQO
13. Staff costs
The average hea(1 count ol emF4oyees duriro the year was Nil12022.. NII.
No empk)yee receNed emF4oyee teneffts ol rn￿6 than £60,000 dUri￿j the year12022.. Nill.
14-

Combe Mill Society
Company Limlled by Guaranlee
Notes lo Ihe Flnanclal Statements iwilh¥x¢l)
Year ended 31 March 2023
14. TNstee remuneratlon and expenses
None of the trustees lor any persons connected with them) recwved any remuneratiDn or
beneliis Irom the charity Ihe year.
IS. Tangib￿ flxed a$%ls
Plant and
machinery
At 1 ￿11 2022
Athyilions
34,491
370
At 31 March 2023
34.861
Depreclatlon
At 1 April 2022
Charge lor the year
Al 31 March 2023
2,478
24.941
Carrying amount
At 31 March 2023
9.920
At 31 March 2022
12.028
16. Stocks
2023
2022
Raw maleri￿$ and consurnables
2,￿3
17. Croditors: amounts falling due within one year
2023
2022
AccrLJals and d¢lerred irKome
1,100
1.000
18. Related parties
There were no dtsclosable related paty transac1￿n$ durirKJ Ihe year12022- no￿1.
15.