Registered number: 03784507
Charrty number: 1111029
Combe Mill SoGi•ty
UNAUDITED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2025
Pr•pared By:
Andrew A Adams and Co Ltd
Chartered Certified Accountants
Cherry House
Pond Hill
Stonésfield. Wllney
Oxfordshlre
OX29 8PZ
*AEA2L8¢￿.
3010812025
COMPANIES HOUSE
A07

Combe Mlll Society
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
TRUSTEES
P Hawlin - resigned 27 December 2024
A Simmons
P Trowles
C Stone- appointed 9 May 2024
M Gruber
W Fosl&r- f•signed S September 2024
N Evans
REGISTERED OFFICE
81enheim Palace Sawmills
Long Hanborough
Oxfordshir•
OX29 8ET
COMPANY NUM8ER
03784507
CHARITY NUMBER
1111029
ACCOUNTANTS
Andrew A Adams and Co Ltd
Chartered Certifièd Accounlants
Cherry House
Pond Hill
Slonesfield. Witney
Oxlord5hi
OX29 8PZ
page 1

Combe Mill Society
ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2025
CONTENTS
Page
Report of the Trustees
Independent Examiner's Stslernenl
Statement of Financial Activities
10
Balance Sheet
11
Notes lo th• Aceounls
121015
Detailed Stalemenl of Flnan¢ial Activities
page 2

Combe Mill Society
Report of the Directors for the year ended'31st March
2025
4 Combe Mil I
From: l Aprll 2024 to: 31 March 2025
Charity name: Combe Mill Society
Charlty registration number: 1111029
Company number: 03784507
l. Objective5 and activities
Purpose
The charity's objects {'Objects'l are specifically restricted to the following
l. to advance the education of the public by the operation of Combe Mill at Blenheim
Palace Sawmill. Combe, Witney, OX29 8ET, demonstratin8, recording preserving,
practising and disseminatlng the whole range of skills in the construction, maintenance,
operation and associated activities of water and steam-powered mills. along wlth items
directly associated wlth Combe Mill, the Blenheim Estate and Oxfordshire.
2. to research, establish, restore, maintain and equip Combe Mill to demonstrate, improve
and teach the design, construction, operation and use of water. and steam-powered
mills for the purpose of the education of the public, together with the dissemination of
the results of any research conducted and to carry out works for the improvement,
development and promotion of Combe Mill.
Main artivitles
The Society's main activities are those included in the Society's Objects quoted verbatim
above.
Directors, confirmation with respert to publlc beneflt
The directors confirm that to the best of their belief and knowledge the decisions that they
have taken are in accordance wlth the Commission's guidance on public benefit.
The chairman of any meeting of the directors is responsible for advising the meeting, as and
when necessary. as to the need to conform to the Commission's guidance.
Additlonal information
Combe Mill Society (The Society) does not make 8rants or social investments as part of its
charitable objectives.
The Society has a total membership of approximately 100: of which half are active and, in a
normal year, contribute to the maintenance and operation of Combe Mill and demonstrate
the working machinery and the supporting craft skills to the visiting public.
In addition, whenever practicable, visitors are encouraged to try their hands at the various
skills, For example..
11 On Steaming Sundays, working in the forge under one to one supervision with an
experienced blacksmith, they can make a poker.
Pa8e 3

Combe Mill Society
Report of the Directors for the year ended 31st March
2025
4 Combe Mill
21 For a more in depth experience a half days blacksmithing experience is available.. again
working with an experienced blacksmith.
31 Alternatively, visitors can try their hand at woodturnin8 whenever there is a competent
wood turner present.
41 The Society has a small mechanical workshop. This allows visitors to see how Victorian
workshops operated.
Prior to undertaking any of these activities, visitors are given a safety briefing that includes
the special rlsks associated wlth workin8 With heritage machinery and tools.
The above activities require visitors to come to the Mill. Some Members take the Mill to
potential vi51tor5 by giving talks on the history of the Mill to other community groups.
Similar talks are given at the Mill when visitors are present.
2. Achievements and performance
We had slx vislts from Community Groups and 24 School/University Vislts. A number of
talks were given to local clubs and donations received in return. Our major activity has been
in the field of STEM la nationwide initiative to awaken interest in Science. Technology,
Engineering and Mathematics). The Society's aim is to open the minds of the young and
their parents and guardians.
The Mill continues to develop as a recognised leisure destination for the local population
which helps the Trustees to deliver the Society's charitable objectives and at the same time
provides revenue to sustain our activities.
Addltional information
The Society planned and dellvered eight steaming events during which all machinery was in
operatior). These events attracted 1255 visitors. It opened for viewin8 on Wednesdays
between April and October when another 392 visitors could see volunteers at work and talk
to them about their activities.
3. Financial review
General
Over the year ending March 31st 2025 the Society had an excess of receipts over
expenditure of £3,683 compared with an excess of £7,015 in 2024.
The Society generates income from the sale of admission tickets, refreshments, activity
experiences, retail and the hire of the riverside tea room.
The balance in the Charity's bank current account at 315r March 2025 was £12,867.
The reserves policy of the Trustees is to aim at a situation where the Society has reserves
that will allow it to meet its core costs for one year.
Page 4

Combe Mill Society
Report of the Directors for the year ended 31st March
2025
4 Combe Mill
The society's reserve fund will be required for future major machinery and building
maintenance or replacement costs. It stood at £35,000.00 at the end of the year.
It is the Trustees policy that on-going maintenance is met from current income.
Expendlture
Governance-
Upkeep
Charitable Activities
2024125
2023124
£9.655.05
£8.242.01
£9,509.96
£9,215.57
Source of funds:
The costs of operating the Mill as an industrial museum in accordance with the Society's
Article of Association is funded through admission charges and the sale of souvenirs and
refreshments, together with the hire of the tea room for meetings and events. This season
our income f rom charitable and f undraising activities was £36,757.
We received no grants during this financial year,
Generous donations from anonymous donors, Members and Friends of Combe Mill Society,
amounting to £2,131 have been another source of funding.
Gift Aid was recoverable on the majority of the funds received by donations.
Investment Pollry:
The Society'5 only investments consist of bank deposits and no special social, environmental
or ethical consideration arise.
Additlonal Information:
Princlpal risks facing the charity: The Society's basic business model remains critically
dependant on an adequate supply of suitably qualif led volunteers. Historically this need has
been mainly supplied by retired person5 who have had the necessary technical trainin8
during their employment. The directors are aware that this is a diminishing resource due to
the changing structure of industry.
The Society now seek5 volunteers with appropriate basic skills and encourages them to
become members. The Society provides them with the relevant specialised training.
The directors are mindful of the need to ensure financial probity. The Society's Articles
require that directors must prepare accounts for each financial year as required by the
Companies Acts. The Directors keep accountlng records as required by the relevant
Companies Act and believe that the accounts:
Show a true and fair view.
Page 5

Combe Mill Society
Report of the Directors for the year ended 31st March
2025
4 Combe Mill
Follow accounting standards issued or adopted by the Accounting Standards Board
or its successors and
Adhere to the recommendations of applicable Statements of Recommended Practice
In order to meet these requirements, the directors prepare financial statements for each
financial year which give a true and fair view of the state of affairs of the company and of its
incoming re50urce5 and application of resources of the company for that period.
The directors are responsible for maintaining satlsfactory systems of internal control and
keeping proper accounting records which disclose with reasonable accuracy at any time the
financial position of the company and to enable them to ensure that the financial
statements comply with the appropriate Companies Act and guidance issued by Companies
House. The directors are also responsible for safeguarding the assets of the company and
hence for taking reasonable steps for the prevention and detection of fraud and other
irregularities.
So far as the directors are aware. there is no relevant information of which the accountants,
who act as Independent Examiners. are unaware. The directors have taken all the steps that
they ought to have taken in order to make themselves aware of any relevant audit
Informatlon and to establlsh that the accountants are aware of that Information.
4. Strurture, governance and management
Company status.. The Society is a charitable company limited by guarantee and its governing
document takes the form of Articles of Association.
Appolntment of dlrectors.. The Article5 of Association dated 30 July 20218overn the
appointment of directors.
No director is permitted to appoint an alternate director or anyone to act on his or her
behalf at meetings of the directors.
Co.operatlon wlth other ¢haritles'. A number of charities operate on land that Is adjacent to
the Society's boundaries. It is the policy of the directors to co-operate with these charities
insofar as the Society's Objects permit.
5. Reference and admlnlstratlve details
Charity name
Combe Mill Society
Other name the charity uses none
Registered charity number
1111029
Charity's principal address
Combe Mill, 81enheim Palace Sawmill, Combe, Oxfordshire,
OX29 8ET
Pa8e 6

Combe Mill Society
Report of the Directors for the year ended 31st March
2025
4 Combe Mill
Directors during period l Apfll 2024 and 31 March 2025
Dlre¢tor name
Oftlce111 anvl
N R Evan5
Director
Dales elected rf not for whole year
M Gruber
Director
P Hawtin
Director
Resigned 27 December 2024
A G Simmons
Director
W E Foster
Director
Resigned 5 September 2024
Appointed 9 May 2024
C R Stone
Director & Treasurer
P J Trowles
Director & Charity Secretarv
Name of directors holding title to property belonging to the charity
None
6. Fund5 held a5 CU5todlan dlrectors on behalf of others
None
Exemptions from disclosure
None
7. Declaratlons
The company has taken advantage of the small companies, exemption in preparing the
report above.
The directors declare that they have approved the Directors, Report above and have
authorised the chairman to sign it.
Signed on behalf of the Socletys Dlrectors
Chairman
Dated
.( oQ(Ig
Page 7

Combe Mill Society
INDEPENDENT EXAMINER'S STATEMENT
FOR THE YEAR ENDED 31 MARCH 2025
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF COMBE MILL SOCIETr'
I report on the accounts of Ihe company for the year ended 31 March 2025 .
RESPECTIVE RESPONSIBILITIES OF TRUSTEES AND EXAMINER
The Iruslees (who are also the direclois ol the company for the purposes of company lawl are responslble for the
preparation of (he accounts. The trttslees consider ihal an audit is not required for this yeaf under section 144{21 of the
Charilies Act 2011 (the 2011 Acl) and thal an independent examination is needed.
Having sausfied myself that the charity Is nol subject to an audit under company law and is eligible for independent
examination. it is my responsibility to..
examine the accounts under section 145 of the 2011 Act..
follow the procedures18id down in the general Directions given by Ihe Charity Commission under section 145{Sllbl of
the 2011 Act, and
slate whether particular matters have come lo my attention.
BASIS OF INDEPENDENT EXAMINERS STATEMENT
My examination was carried out in accordance with general Directions given by thè Charity Commisslon. An examination
includes 8 review of the accounting reGords kept by the charity and a comparison of Ihe accounts presènted with Ihosg
records. 1181s0 includes consideration of any unusual items or disclosures In the accounts, and seeking explanations
from you as trustees conceming any such matters. The procedures undertaken do not provide all the evidence that
would be r¢qulrgd In an audit. and ¢onsequenlly no oplnlon 18 given as lo wh¢thor Iho accounts prèsent 8 ￿rue and fair
vlew" and thè report is Ilmiled to those matters set out in the slalemenl below.
INDEPENDENT EXAMINERS STATEMENT
In connection with my examination, no matter has come lo my attention-.
(I I which gives me reasonable Cause lo believe that in any material respect the requiiemenls..
lo keep accounllng records in accordance with section 386 of the Companies Act 2006., and
lo prepa￿ a¢¢ounl$ whioh a¢rAird wilh the a¢¢ounling records, Comply wllh the accounting requirements of section 396
of th8 Companies Act 2006 and with the methods and principles of the Slalement of Recommended Pracllce:
Accounting and Reporting by Charities
hav8 not been mel., or
{21 lo which. in my oplnion, attention should be drawn In order lo enable a proper understanding of the accounts lo be
reached
Date..
Andrew A Adams and Co Lld
Chartered Certffied Accountants
page 8

Combe Mill Society
INDEPENDENT EXAMINER'S STATEMENT
FOR THE YEAR ENDED 31 MARCH 2025
Chery House
Pond Hill
Slonesfield, Wilney
Oxfordshire
OX29 8PZ
page 9

Combe Mill Society
Statement of Flnanclal Actlvltles
for the yoar •nded 31 March 2025
2025
2024
Unrestrlcted Restricted
funds
funds
Total
Total
Incom•
Income from generated funds
Donations and legacies
Income from Investments
Income from charitable activities
Total Incorno and endowmenls
Expenses
Cosls of generallng funds
Expendiluie on Raised funds
Expenditure on Charitable activities
Totsl Expenses
Net galns on Inv•$tm•nts
Net In¢omo
1,031
682
39,215
40,928
1,031
834
682
366
39,215 41.966
40.928 43. 166
10,532
28.448
38.980
10,532 10,849
28.448 28,205
38.980 39,054
1.948
1.948 4,112
Galn¥llloss•8) on rovaluatlon of flxed aB8•6Is
Net mov•rn•nt In fund8:
Net income for the year
Total lunds brought forward
Net funds carried forward
1.948
54,765
56,713
1.948
4.112
54,765 50,653
56,713 54, 765
This sl8lern9nl of finanGial a¢livitie$ in¢lude$ all 9ain$ and losses recognised In th8 yéar. All incom& and
èxpenditure derlve from continuing a¢livilio$
page 10

Combe Mill So¢iety
BALANCE SHEET AT 31 MARCH 202S
2025
2024
Notes
FIXED ASSETS
Tangible assets
CURRENT ASSETS
Stock
Cash al bank and in hand
8,154
8,990
1,400
48.344
49.744
1,185
2.000
44.920
46.920
1, 745
CREDITORS: Amount$ falling due within one year
NET CLIRRENT ASSETS
TOTAL ASSETS LESS CURRENT LIABILITIES
48.559
56.713
45, 775
54, 765
CAPITAL AND RESERVES
Unrestrlcted funds
General fund
56.713
56.713
54, 765
54, 765
For the year ending 31 March 2025 the company was enlilled lo exemption under section 477 of the Companies Act
2006 relating lo small companies.
The members have not required the company to oblaln an audit in accordance with section 476 01 Ihe CompanSes AGt
2006.
The directors acknowledge their responsibililies for complying Wlth the requirements of the Act with respect lo
accounting re￿rdS and the preparation of a¢¢ounls.
These accounts have been prepared in accordance with the provisions applicable lo companies subject to the small
companies regime.
Approved by th• board of trustees on ..... ..
onth
b hall by
. and 81gn•d
P Trowles
Truslg9
page 11

Combe Mill Society
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2025
1. ACCOUNTING POLICIES
la. 8asis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounls have been prepaied in accordance with FRS102 . The Financial Reporting Standard applicable in the UK
and Republic of Ire18nd and the Companles Acl 2006 and the requlremenls of the Slatem8nl of Recommend￿ Pr8clice,
Accounting and Reporting by Charilies.
1 b. In¢omlng Rosourc•s
All incorning resources are included on the Slatement of Flnancial Activities when th8 charity is legally entiled to the
Income and the amount can be quantSfied wilh reasonable accuracy.
1c. Resourcfjs Expended
Expenditure is accounted for on an accruals basis and has been dassified under headings that aggregale all cost
related lo the cat8gory. Where costs cannot be directly allributed to particular headings they have been allocated to
activities on a basis consislenl with the use of resources.
1d. Allocatlon And Apportlonm•nt Of Costs
All ¢osl$ relale lo the single aclivily of the charitable company and are recognised accoTding1y.
le. Fund A¢counting
Unrestricted funds can b? used in accordance with Ihe charllablè obieclivès al th& discrotion of the trustees.
Re81rictèd lunds can only be used for partlcular restricted purposes within the oblecls of the char41y. Restrictions arlse
wh8n specified by tha donor or when funds are r81s8d for partlcular reslrlcled purposes.
Designated funds arg funds sel aside by the Iruslees out of unrestricted general funds for the specific future purposes or
projects.
1f. Depreclatlon
Depreci811on has been provided at th8 followlng rates in order lo wnle off the assets over their esllmated usolul Ilves.
Plant and Machinery
reducing balance 20%
page 12

Cornbe Mill Society
lg. Stocks
Stocks are slated al the lower of cost and estimated selling pricè less costs lo complete and sell (net realisable value).
Costs. which comprise direct production costs, are based on the method most appropriate lo the type of inventory class,
but usually on a firsl-in-firsl-out basis. Overheads are charged to profil or loss as incurred. Net realisable value is b89ed
on the estimated selling price less any estimated completion or selling costs.
When stocks are sold. the carying amount of those stocks is re¢ognised as an expense in the period in which the
related revenue is re¢ogni$ed. The amount of any wrlte-down ol stocks to nel realisable value and all losses of stocks
are re¢ogni$ed ag an expense in the period in which the wrile-down or loss occurs. The amount ol any reversal of any
write-down ol stocks is re¢ognised as a reduction in the amount of stocks recognised as an expense in the penod in
which the reversal occurs.
2. EMPLOYEES
2025
No.
2024
No.
Average number of employees
3. TANGIBLE FIXED ASSETS
Plant and
Machlnery
Total
Cost
Al 1 April 2024
Addillons
Al 31 March 2025
Depreclatlon
At 1 April 2024
For the year
Al 31 Mafch 2025
Not Book Amounls
36,181
1,196
37,377
38,181
1.196
37.377
27.191
2,032
29,223
27,191
2.032
29,223
Al 31 March 2025
8,154
8,154
8,990
At 31 March 2024
8,990
4. STOCK
2025
2024
Stock comprises..
Stock
1.400
1,400
2,000
2,000
page 13

Combe Mlll Soclety
5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025
2024
Olher Creditors
1.185
1.185
1. 145
1. 145
6. UMITED BY GUARANTEE
The company is limited by guarantee and does not have a share capital. Each membef gives a guarantée lo contribute a
Sum not exceeding £0. to the company should It b8 wound up.
7. UNRESTRICTED FUNDS
Brought Incomlng Outgolng Transf•r8 Carrled
forward resources rosources
forward
Gèneral fund
54,765
54,765
40,927
40,927
138,979
38,979
56.713
56.713
page 14

Combe Mlll So¢lety
Expenses
for the yoar ended 31 March 2025
2025
2024
Expenses
Costs of generatln9 lunds
Costs Of Generating Voluntary Ineom•
Purchases
Shop supplies
2,281
8.251
10,532
3,655
7, 194
10.849
10,532
10,849
Charltable Acllvltl•s
Insurance
Forge
Heal. light and telephone
Boiler running costs
Mainl•nan¢e
Accountancy fees,
Administration
Subscriptions
Bank tharges
Sundry expen$e$
Depreciats'on
1.524
1,359
6,061
1,788
5,631
1,185
7,357
576
888
47
2,032
28,448
2,151
1,603
6,638
1,978
5,432
1, 158
6,022
439.
590
2,250
28,205
38,980
39,054
page 15