Charity number: 1128056
THE MILL CHARITABLE TRUST
TRUSTEES, REPORT AND FXNANCXAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022

THE MILL CHARrrABLE TRusr
CONTENTS
Page
Reference and admlnlstratlve detalls of the charfty, Its trustee5 and advlse
TNstees' report
Independent audltort5 rnPOrt
statement of flnanclal actlvltles
Balan￿ sheet
statement of cash flows
io
Notes to the flnand81 ststsments
11-17

THE MILL CHARITABLE TRUST
REFERENCE AND ADMINXSTRATIVE DETAILS OF
THE CHARITY, ITS TRUSTEES AND ADVXSERS
FOR THE YEAR ENDED 31 MARCtrI 2022
Truotee
fvls P Panaylotou
fvlr C D Or9a
Mr S Marks
Charlty reglstered
number
J128056
Prin¢lpal offi
Elsley Court
20-22 Great Tltchfleld Street
London
WIW 8BE
Serretary
Ms P Panaylotou
Ind•pendant audltor
Robert Barry Perez (Senlor Statutory Audltorl
Sllver Levene (UK) Ltd
Accountants
37 Warren St
Fltzrovla
London
WIT 6AD
Bankars
Natlonal Westmlnster Bank plc
208 Plccadllly
London
WIA 2DG
Sollcltors
Russells
Yaldlng House
152-156 Great Portland st￿et
London
WIW 5QA
Page I

THE MILL CHARITABLE TRUST
TRUSTEES, REPORT
FOR THE YEAR ENDED 31 MARCH 2022
The Trustees present their annual report together wlth theaudltsd financlal statement5 91 the Chartty for the
year ended 31 Marth 2022,
The accounts have been prepared In accordance wlth the accountlng pollcles set out In note I to the
accounts and comply wlth the govemlng document, the Charftie5 Act 2011 and AccountTng and Reportlng by
Charftles: Staternent of Recommended Prdrtlse èppllrablo to charilles preparlng thelr accounts In accordan
wlth the Flnanclal Reportlng Standard appllcable In the LIK and Republic of Ireland {FRS 102) {as amended
for accountlng perlods commenclng from l January 2016),
ObJ•ctlv8s and Actlvltlés
Polkles and obJe¢tlves
The trustees obJertlve5 are to benefst such exc5uslvely charltable purposes In any part of the world a5 the
trustees In thelr absolute dlscretion thlnk flt, provlded that suth purposes are recognlsed as charltable
accordlng to Engllsh law,
The trustees have pald due regar<J to gUIdan￿ Issued by the Charlty Commlsslon In decldlng what actlvltles
the trust should undertake.
The prlnclpal pollcy adopted by the trust Is to c¢nslder all request for ald and donatlons, whlch are revlewed
by the trustees to ensure that deservlng cases are glven thelr asslstance.
Athlovements and performanca
. Factors relevant to achleve obJectlves
In the current year the charfty recelved a donatlon from Robobulld Llmlted of £431,227 and from Blg Geoff
Oversea5 Umlted of £625,00012021- £252,970) and bank Interest of £430 {2021 £2,241).
Flnanclal r•vl•w
a. R¢serves pollty
It Is the pollcy of the trust to malntaln unrestrlcted fund5, whlch are the free re5erve5 of the charlty, at a
level sufficlent to ￿Spond to emergency appllcatlons for grants whlth arise from tlrne to tlme and to cover
governance costs.
structur¢• gov¢rnan¢¢ •nd man?gomant
. Constltutlon
The Trust was establlshed by a charltable trust deed on 29 January 2009.
The trustees who served durlng the year were:
P Panaylotou
C D Organ
S Marks
Pa9e 2

THE MILL CHARITABLE TRUST
TRUSTEES. REPORT (contlnued)
FOR THE YEAR ENDED 31 MARCH 2022
b. Method of appolntment or •l•ctlon of Trustee¥
The recrultment and appolntment of new trustees Is agreed by the ex15tlng trustees at the Annual General
Meetlng.
Trustees are nomlnated by the Settlor and appolnted by the board of trustees and sh)11 offer to retlre an
seek reappolntment by rotatlon annually.
Mr C D Organ has been appolnted as chalrman of the trustees until the conduslon of the next Annual
General Meetlng.
Ms P Panaylotou was appolnted trust secretary on 8th July 2021, The trust secretary contlnues to run the
day-to-day work of the trust, Includlno assesslng grant appllcatlons and Intervlewlng Indlvldual grant
appllcants. She meets perlodlcally wlth the other trustees to approve all grants annually. Funds made
available for distribution during the flnanclal year 202112022 have been allocated as antlclpated to honour
exlsung commltments.
. RIBk manw9ement
The Trusteesh ave assessed the major rlsks to whFch the Charltyl s exposed, In parttcular those related to
the operatlons and fInan￿S of the Chartty, and are sattsfied that systems and procedures are In place to
mltloate our exposure to the major rlsks.
Fund$ hold 44 W$todlJn
No funds are held as a cu5todlan.
Tru8tso$' respon$lbllltl¢s $tstem¢nt
The Trustees arer espon51ble for preparlng the Trustees, report and the financlal statementsl n attordance
wlth appllcable law and the Ch?rlt1È5 Ststemènt of Recommended Prartlce (FRS 102).
The law appllcable to charltles In England & Walesr equlres the Trusteest o prepare financlal 5tatementsf or
each flnanclal yearw hlchg Ive a truè and falr vlew of the state of affalrs of the Charltya nd of the Incomlng
resources and applicatlon of resources of the Chartty for that perlod. In preparlng these financlal statements,
the Trustees are requlred to:
select sultable accountlng pollclesand then apply them conslstentlyi
observe the methods and prlnclples In the Charfttes SORP,.
make Judgements and accountlng e5tlmate5 that are reasonable and prudent;
stste whether appllcable LIK Accountlng Standardsh ave been followed, subject to any materlal
departures dlsclosed and explalned In the flnanclal statements;
prepare the flnanclal 5tatemeDt50 n the 9olng conrern boslsu nle5s Itls Inapproprlate to presume that
the Charlty wlll Con￿nUe In operatlon.
Page 3

THE MILL CHARXTABLE TRiIST
TRUSTEES, REPORT (contlnued)
FOR THE YEAR ENDED 31 MARCH 2022
The Tru5tee5 aw re5pon51ble for keeplng proper accountlng records that are sufficlent to show and expl8ln
the Charlty's transactlons and dlsclose wlth reasonable accuracy at any tlme the flnanclal pusltlon of the
Charlty and enBble them to en5yre that the ff nancial statements comply wlth the Charllles Act 2011, the
ChaAty (Accounts and Reports) Regulatlons 2008 and the provlslons of the trust deed. They are also
responslble for safeguaryllng the a55et5 of the Charlly and hen￿ for tsklng reasonable Steps for the
preventlon and detectlon of fraud and other Tr￿gUlaritIeS.
Thls report was approved by the Trustees. on 26.01.23 and slgned on thelr behalf by:
CDOryBn
(Trustee)
Pège 4

THE MILL CHARrrABLE TRUST
INDRPENDENT AUDrroR'S RIPORT TO THE TRusfEES OF THE MZLL CHARrrABLE TRusr
OplTrlon
We have audlted the flnandal statements of The Mlll Charftsble Trust (the 'Chartty') for the year endet1 31
March 2022 set out on pages 8 to 17. The Ilnanclal repo￿ng ft7mework that has been applled In thelr
preparauon Is appllcable law and Unlted Klngdom Accounung Standards, Includlng Flnanclal Reportlng
Standard 102 'The Flnanclèl Reportlng Standard appllcable In the UK and Republlc of Ireland. {Unlted
Klngdom Generdlly Accepted Accovntlng Prartlcel.
The nnandal ststements have been prepared In accordonce wFth Accountlng and Reportlng by CharFtles
preparlng theSr accounts accordan￿ wSth the Flnarnclal Reportlng Siandard5 applicable In the UK and
Republic of Ireland {FRS 102) In preference to the Accountlng and Repor￿n9 by Charltyes.. Statement of
Recommended PracU¢e Issued Qn l Aprll 2005 whl¢h 15 referred to In the extant regulatlons but has been
V41thdrawn.
Thls has been done In order for the accounts to provlde a true and tslr vlew In accordance wlth the Generally
Accepted Accountlng Practlce effethve for repordng perlods beglnnSng on or after l January 2015,
In our oplnlon the financlal statements..
glve ) true 8ntJ falr vlew of the state of the Chjrlty's aftalrs as at 31 M•r¢h 2022 and of Its Incomlng
resources and appllcatlon of resourtes for the year then ended.
have been property prepared In accordan￿ wlth Unlted Klngdom Gene$711y Accepted Accountlng
Practice. and
have been prepared In accordance wlth the requlrements of the Cha￿￿eS Act 2011.
B•g1g for oplnlon
We condtsLted our audlt In acttsr(3ance wlth Internatyowbal stsndjrds on Audlyng (UK) (ISAS (UK)) and
appllcable law. We have been appolnted as audltor under sethon 144 of the Charltles Act 2011 and report In
accordance wlth the Art and relevant regulallons made or havln9 effect thereunder. Our responsibllities
under those stsndards are further destrlbed In the Audltorfs résponslbllltles for the audlt of the ftnanclal
ststements sectlon of our report. We are Independent or the Charlty In accordance wlth the ethlcal
requlrements that are relevant to our audlt of the flnandal statsments In the Unlted Klngdom, Includlng the
Flnanclal Reportsng Councll's Ethlcal Standard, and we have fulfilled our other ethlcal respon51bllllSes In
accordanee wlth these requirements. We belleve that the audlt e￿defice we have ttbtalned Trs suffitlent and
approprlate to provlde a ba$ls for our oplnlon.
Conelu$lon# relatlng to •tslng )￿¢•yn
We have nothlng to report In respect of the followln9 matters In relatlon to whlch the ISA$ (UK) requlre us
report to you where..
the Tru5tees' use of the going ctsncem basis of attounting in the preparntlon of the flnanclal
statements Is not approprtate. or
the Trustees have not dlsclosed In the flrt)n¢lal statements any Identlfjed materlal uncertèlntle$ that
may cast 51gnlficant doubt about the Charlty'5 ablllty to conUnue to zdopt the golng concern ba515 of
accoununo for a perlod of at least ￿le1ve months trom the date when the financlal statements are
authorlsed for Issue.
Olher Inforni•tlon
The Trustees are responslble for the other Informatlon. The other Informatlon cornprtses the Inforniatlon
Included In the Annual report. other than the flnanclal statements and our A¢Jdltor's report thereon. We have
been appolnted as Judltor under sectSon 144 of the Charltles Att 2011 and report In accordance wlth the Act
and relevant regUla￿on5 made or havlng effect thereunder. Our oplnlorh on the flnandal statements does not
cover the other Infomiarlon and we do not express any form of assurance concl¢Jslon thereon.
Page 5

THE MILL CHARrrABLE TRUST
INDEPENDeNT AVDrroR'S REPORT TO THE TRUSTEES OF THE MILL CHARITABLE TRUST
In connecuon wfch our audlt of the flnanclal statement5, our respon51blllty 1$ to re)d the other Infomiavon
and, In dolng so, consider whether the other Infomiatlon Is materlally InconsSstent wlth the flnanclal
statements or our knowledge obtalned In the audlt or otherwlse appears to be materlally mlsstated. If we
Iden￿rY such materSal Inconslstencles or apparent materl)I mlsstatements, we are requlred to detemilne
whether thety Is a materlal mlsstatement In the flnanclal ststements or a materfal mlsstatement of the other
Information. If, based on the work we have performed, we conclude that there Is a materfBI mlsstatement of
thls other Inforrnatlon, we are requlred to report that fact.
We have nothlng to report In thls regard.
Matters on whlch we Jre reqUIr￿ to report by excaptlon
We have nothlng to report In respect of the followlng maiter5 vrfhere the Charlues (Accounts and fteportsl
Regulauons 2008 requlres us to report to you Sf, In our opln10n:
the Inforrnatltsn glven In the Trustees, report Is Inconslstent In any materlal respert wlth the flnanclal
Statements,. or
sufflclent accountlng records have not been kept; or
the flnanclal statements are not In agreement with the accounting records and retums, or
we have nor recelved 811 the Infomiatlon and explanatlons we requ1re lor our audlt.
Responslbllltl•s of tru•ta•s
As éxplalhed mtsre fulty In the Trustees, responslbll1￿eS statement, the Trustses are responslble for the
prepa¥atlon ul financlal statements whlch glve a true and falr vlew, and for such Internal control as the
Trustees determlne Is necessary to enable the preparatlon of financlal statements that are free from materlal
m15StNtemert, whether due to fraud or error.
In preparlng the flnandal statements, the Tru5tee5 Bre respon51ble for asses51rtg the Charlty's ablllty to
contlnue as a goTng toncern, dlstloslng, as applicable, matters related to golng concern and uslng the golng
concern basis of accounting unless the Trustees elther Intend to Ilquldate the Charfty or to ￿ase operation5,
or have no reallstlc alternatlve but to do so,
Pa9e 6

THE MILL CHARITABLE TRUST
INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF THE MILL CHARITABLE TRusr
Audltorf• rnB¥on•lblllUo• lor tho audlt olth• Ilninclal •tat•m•nt•
We have been appolnted as audfcor under sectltsn 144 of the Charftles Art 2011 and report In accordance
wlth the Att and relevant regulatlons made or havlng effect thereunder. Our obJectlves are to obtsln
reasonable assuran￿ about whether the flnandal ststements as a whole are free from materlal
mlsstatement, whether due to fraud or error, and to Issue an Audltorfs report that Includes our oplnlon.
Rèasonable a￿Urance Is a hlgh level of J55urancé, but 15 not a guarantee that an Budlt conducted In
accordat)ce wlth ISAS (UK) wlll always detect a materlal m5sstatement when It exlsts. Mlsstatements can
arlse frorn fraud or error and are consldered materlal If. Indlvldually or In the aggregate. they could
reasonably be expected to Influence the economlc dec151on5 of users taken on the ba51s of these flnanclal
statements.
ItTegularltles, Includlng fraud, ore Instances of nOn￿OMpl1ance laws Bnd regulaUons. We desl9n
procedures In Ilne wlth our re5ponslblllUes, outllned above, to detert materlal mlsstatemer5ts In respect of
Irregularttles, Includlng fraL*d. The extent to whlth our procedures are capable of detectlng Irregularfues,
Includlng fraud are detalled as follows: enouldes of management and those tharged wlth govemance as to
whether the entlty cornplles wlth such laws and regulaUons' enqulrles wlth the sarne concernlng any attual
or potentlal Iltlgatlon or dalm. Inspectlon of relevant leaal Corresponden￿,. testlng the appropr5ateness of
enbges In the nomlnal ledger. Includlng Joumal entrles; revlewlng transactlons around the end of the
reportlng perlod; and the perfomance of analyttcal procedures to Idendfy unexperted movements In account
balances whlch may be Indlcauve of fravd.
No Instznty4 of rnatertal non-tompllanct werè IdÈntlfièd. Howèver, the Ilkellhood of detecdrtg IrregularltlÈ5,
Indudlng fraud, Is Ilmlted by the Inherent dimculty In detec￿n￿ Irregularltles, the effectlveness of the entity's
controls, ani5 the nature, ttmlng and extent of the audlt procedures perfomied. IrregularStles that result from
fraud mlght be Inherently moro dlfficult ts detect than Irregularlrfès that result frdm ermr. As explalned
above, there Is an unavoldable rf5k that materlal m155tatements may not be deteLted, even though the audlt
has been planned and performed In accordance wlth Is￿ (UK).
A further desCrIp￿On of our respon51bllltles for the Judlt of the ffnvnclal strtements Is located on the
Flnanclal Reportlng Cotsntll s webslte at: www.frc.org.uk/audltorsresponslbllltles. Thls de5cdptlon form5 Part
of our Audltor's report.
Use of our report
Th15 report Is made $4lely to the Charltvs trustees, as a body, In a¢cordanca wlth Part 4 of the Chartues
(Accounts an¢J Reports) Regvlatlons 2008. We have been appolnted as audltor Under secmon 144 of the
a)arltles Act 2011 and report In accordance wlth the Att and relevant regulatlons made or havlng effett
thereunder. Our audlt work ha5 been undertaken so that we ffllght state to the Charlty's trustees thase
matter5 we are requlred to state to them In an Audltows report and for no other purpose. To the fullest
extent permltted by law, we do not accept or assume responslblllty to anyone other than the Charlty and Its
trust
as a body, for Gur audlt work, for th15 report, or for the oplnlons we have formed,
Robert Bprry Perez (S•thior St•tutory Audknr)
Sllver Levene {UK) Ltd
Accountsnts
37 Warren St
Fltzrovla
London
WIT 6AD
Date.. 3e .￿￿ I￿2)
Robert Barry Perez (Senlor Statutory Audltor) Is ellglble to act as an audltor In terms of secuon 1212 of the
Companles Att 2006.
Page 7

THE MILL CHARITABLE TRUST
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 MARCH 2022
UnTestrict¢d
funds
2022
Total
nds
2022
Total
ftjnds
2021
Nots
Income from:
Donatlons and Legacie5
Investments
1,056,227
430
1,056,227
430
252,97
2,241
Total Income
1,056,657
1,056,657
255,211
Expendlture on:
Charltable actlvltle5
724,754
724,754
475,252
Total oxpondltstre
724,754
724,754
475,252
Net Incom• / (•xpendlture) before Inve9tment losses
Net losses on Investments
331,903
331,903
(697,554) (697,554)
[220.041)
li
Net expend1￿10 before other re¢ognls•d galns and
losses
(365,651) (365,651) {220,041)
Net movomont In funds
(365,651) {365,651) {220.041)
Recon¢lll4tlon of funds:
Total funds brought forward
7,549,629 7,549,629
7,769,670
7,183.978 7,183,978
7,549,629
Total funds carrled forward
Page 8

THE MILL CHARITABLE TRUST
BALANCE SHEET
AS AT 31 MARCH 2022
2022
2021
Note
Flxed assets
Investments
li
6,302,446
Current as8¢ts
Debtors
Cash at bank and In hand
12
18
63,969
1,027,850
56,962
7,522,897
1.091,819
7,579,859
Credltors: amounts falllng due wlthln one
year
13
(ZIO,287)
(30,230)
Net current assets
881,532
7,549,629
Not assets
7,183,978
7,549,629
Charlty Funds
Unre5trfcted fund5
14
7,183,978
7,549,629
Totsl funds
7,183,978
7,549,629
The flnancial Statements were approved by the Trustees on
by..
26.01.2023
and slgned on thelr behalf,
C D Org•n (TN8
S Marks (
rustee)
The notes on pages 11 to 17 fomi part of these flnandal statements.
Page 9

THE MILL CHARITABLE TRusr
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 MARCH 2022
2022
2021
Note
Cash flows from operatlng actfvitles
Iyet cash provlded byllused Inl operatlng actlvltles
17
504,953
(90,4531
Purthase of Investments
{7,000,000)
Not cash used In Invwtlng actlvltlo$
(7,000,000)
Cash flow$ from flnanclng a¢tlvltlo$:
Repayments of borrowlngs
(11.4741
Net cagh used ln flnanclng actlvltles
(11,474)
Change In cash and cosh •qufvalentg In the year
Cash and cash equlvalents brought forward
(6,495,047)
7,521897
(101,927)
7,624,824
Cosh and cash equlval¢nt$ ¢arrled forward
18
1,027,850
7,522,897
The notes on pages 11 to 17 forni part of these flnanclal 5tptement$.
Page 10

THE MILL CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022
1.1 Basls of pYepar•tlon of fiDJncl41 statement
The flnancial statementsh ave been prepared In aceordanro wlth Accoltntlng and Reportlno by
Charltles.. Statement of Recommended Practlce appllcable to charttles preparlng thelr accounts In
a¢cordante wlih the Flnanclal Reportlng Standard appllcable In the UK and Republlc of Ireland
(FRS 102) leffectlve l January 2015) - (Char￿tIeS SORP (FRS 1021), the Flnanclal Reporting
standard appllcable In the UK and Republlc of ireland (FRS 102) the Companles Act 2006,
The Mlll Charltable Trust meets the definltion of a publlc beneflt entlty under FRS 102. Asset5
and llablllt1￿ are Inltlally reajgnlsed at hlstorlcal cost or transactlon value urble55 Othe￿Ise
ststed the relevant accountlng pollty.
1.2 Fund ac¢ountlne
General fvnds are unrestrl¢ted fvnds whlch are avallable for use at the dlsrrtlon of the Trustees
In furtherance of the general objettlves of the Charftya nd whlth have not been deslgnated for
other purposes.
Investment Incomei galns and losses allocated to the approprlate fund.
1.3 Incomo
All Income Is recognlsed onte the Charltyh as entltlement to the Income, It 15 probable that the
Income wlll be recefved and the amount of Income re￿1vable can be measured reliably.
For legacles, entitlement Is taken as the earller of the date Dn whlth elther: the Charlty Is aware
that probats ha5 been granted, the estate has been flnallsed and notiricatton has been made by
the executorfs) to the Trust that a dlstrlbutlon wlll be mude, or when a dlstrtbutlon Is re￿IVed
from the ostate. R e￿Ipt of a legawtr In whole or In part, Is only consldered probable when the
amount can be measured rellably and the Charlty has been notlfied of the executovs Intentlon to
rnake a dlstr5butlon. Where legacles have been notlfled to the Charltyi or the Charlty Is aware of
the grantlng of pmbate, and the crlterla for In￿rne recognltlon have not been met, than the
legary Is trejtsd a5 a contlngent asset and dlsclosed If materjal.
Income tax recoverable In rÈl)tlon to donatlons re￿IVed under Glft Ald or deed5 of covenant Is
recognlsed at the tlme of the donatlon.
1.4 Expendlturn
Expendlture Is accounted for on an bccruals basls and has been Included under expense
categorle5 that aggregats all costs for allocatlon to actlvltles. Whero Costs ¢annot be dlrectly
attrlbuted to partlcular actlvltles they have b8en allocated on a basls conslstent wlth the use of
the resources.
Govemance costs are those Incurred In connectlon wlth admlnlstratlon of the charlty and
complIan￿ wlth constltutlonal and statutory requ1￿MentS.
Grants payable are charged In the year when the offer Is made except In those cases where the
offer 15 condltlonal, such grants belng recognlsed as expendlture when the condltlons attachlng
are fulfllled. Grants offered subject to condltlons whlch have not been met at the year end are
noted as ? commltment, but not accrLted as expendlture,
Page 11

THE MILL CHARITABLE TRusr
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022
Accountln9 polldes (contlnued)
1.5 Investments
Investments are a form of flnanclal Instrument and are inlually recognlsed at thelr transactlon
C05t and subsequently measured at falr value at the Balance sheet date, unless falr value cannot
be measured rellably In whld) ca$e It Is measured at cost less Impalrment. Investment gains and
losses, whether reallsed or unreallsed, are comblned and shown In the headlng 'Galns/llosses)
on Investinents. In the Statement pf fl￿a￿cIal activltle5.
1.6 Xnterast recelvable
Interest on funds held on deposit Is Included when recelvable and the amount Can be measu
rellably by the Charlty,, thls Is normally upon notlflcatlon of the Interest pald or payable by the
Bank.
1.7 Dobtor8
Trade and other debtors are recognlsed at the settlement amount after ary trnde dlscount
offered, Prepayments are valued at the amount prepald net of any trade dlscounts due.
1.8 Cg$h at bank and In hand
Cash at bank and In hand Indudes cash and Short term hlyhly Ilquld Investments wlth a short
rnaturfty of three mDnths or less from the date of acqulsltlon or openlng of the deposlt or slmllar
a￿unt.
1.9 Uabllltleg and provlslon
Uabllltlesa re recognlsed when there Is an obllgatlon at the BalanTr sheetd ate as a result of a
past event, It Is probable that a transfer of econornlc beneflt wlll be reqLtlred In settlement, and
the amount of the settlement can be estlmBted rellably. Llabllltle5 are ￿cognIsed at the amount
that the Charltya ntlclpate5 It wlll pay to Settle the debt or the 8mount It has re￿IVed a5
advanced payments for the goods or servlces It must provlde. Provlslons are measured at the
best e5tlmate of the amounts requlrEd to settle the obllgatlon. Where the effect of the tlme value
of money Is materlal, the provlslon Is based on the present value of those amounts, dlscounted
at the pre.tax dlscount rats that reflects the rlsks speclllc to the Ilablllty. The unwindlng of the
dls¢ount Is recognlsed wlthln Inter85t payable and slmllar charges.
1.10 Flnandal Instrumonts
The Charftyh a5 flnanclal asset5 and flnanclal 11)bllltles of a klnd that quallfy as baslc financlal
Instruments. B a51c financlal Instruments are Initially recognlsed at transactlon value and
sUbSequen￿Y measured at thelr setlloment value.
Donatlons
Unrostrl¢ted
funds
2022
Total
funds
2022
Total
funds
2021
Donatlons
1,056,227
1,056,227
252,970
Total 2021
252,970
252.970
Page 12

THE MILL CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022
In¥￿tment Incom•
Vnre8trlct•d
funds
2012
TotMI
funds
2022
Total
funds
2021
Investment Income
430
430
2,241
Total 2021
2,241
2,241
Dlract cwt8
Costs of
oeneratlng
fund$
Total
2022
Total
2021
Art In5uranc8
Art Storage
69,230
105,766
69.230
105,766
174,996
174.996
Analysls of EX￿ndIt￿N by expandltum ty
fotY41
2022
Total
2022
Totsl
2021
Donatlons paid
Dlrect costs
Support costs
466,407
174,996
78,526
466A07
174,996
78,526
423,153
47.100
Charltabl• •ctivltl•8
719,929
719,929
470,253
Expendltur• 011 governanc•
4￿35
4.825
4,999
724,754
724,754
475,252
Total 2021
475,252
475,252
Donatlon$ payabl•
2021
2021
Donatlons pald
466,407
423,153
Page 13

THE MILL CHARITABLE TRUST
NOTES TO THE FII4ANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022
Govornance co8t8
2022
2021
Travel, Entertalnment and Sub51sten
Postage and dellvery
Bank 5ervlce charges
Audlt fees
Errecoverable vat
Total
156
360
109
3,500
700
4,825
399
3,250
4,999
Support Costs
2022
2021
Legal and Professlonal fees
Insurance expense
70,280
8,246
27.394
19,706
Total
78,526
47,100
Net Incon￿/{eXPendltLIre)
Durlng the year, no Trustees recelved any remuneratlon (2021- ENIL).
Durlng the year, no Trustees recelved any beneflts In klnd (2021 £NIL),
Durfng the year, no Trustees recelved any relmbursement of expen5es12021 £NIL).
10. Audltom, rnmun•ratlon
The Audltor's remuneratlon amounts to an Audlt fee of £3,50012021 - £3,250).
11. Investments
rnvestments
Markét vjlua
At l Apdl 2021
Addltlons
Revaluatlons
7,000,000
(697,554)
At 31 March 2022
6,302,446
Xnvestments at market value comprlse:
2022
Investments
6,304446
Page 14

THE MILL CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 51 MARCH 2022
IL Debtors
2022
2021
Prepayments and aeLYued Income
63,969
56,962
13. CMdltorB: •mounts fallln9 due wlthln on• year
2022
2021
Trade credttors
other credltors
Accruals
27,450
178,635
4,202
9,480
7,370
13,380
210,287
30,230
14. Statem•nt of fund•
st•temant of funds - current year
Bwlanc¢ at
31 March
2022
Brought
forward
fjaln$l
(Logs¢s)
Income Expandlture
Deslgnated fundg
Deslgnated Funds - all funds
158,987
158,987
G•ner#l fund$
General Funds
other General funds
7,390,642
I,OS6.657
(732.496) (697,554) 7,017,249
7,742
7,742
7,390.642
I,OS6,657
(724,754) (697,554) 7,024,991
(724,754) (697,554) 7,183,978
(724,754> (697,554) 7,183,978
Total Unrestdcted fvnds
7,549,629
1,056,657
Totsl of funds
7,549,629
1,056,657
Unrestrlcted funds are malntalned by the charlty at ts level sufftdent to respond io emergenry
appllcatlons for grènts whlch arfse frown tlme to dme and to cover gDvemJrhce costs.
Page 15

THE MILL CHARrrABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022
14. Statèment of tund$ (contlnuad)
Ststement of ￿nd¥- prlor year
Balance at
l Aprtl 2020
Balante at
31 March
2021
Income Expendlture
Designated Funds ~ all funds
General Funds
158,987
7,610.683
158,987
(475,252) 7,390,642
255,211
Total of funds
7,769,670
255,211
(475.252) 7,549,629
15. Analysls of net assets between funds
Analysls of net assets bttwean funds- currnnt year
Unr¢strl<ted
funds
2022
Total
fund8
2022
Flxed asset Investments
Current assets
Credltors due wlthln one year
6,302,446 6,302,446
1,091,819 1.091,819
(210,287) (210.287)
7,183,978 7,183,978
Analy$ls ot net assets bètween fundB - prlor year
Unrestrfcted
fund5
2021
Total
funds
2021
Current assets
Credltors due wlthln one year
7,579,859
(30,230)
7,579,859
(30,2301
7,549,629
7,549,629
16. Related party tran$actlons
Ourlng the year, the Trust re￿1Ve￿ donatlons from Robobulld Llmlted and Blg Geoff Overseas Llmlted,
companles In whlch one of the trustee5 of The Mlll Charltable Trust, Mr C D Oryan, Is also a dlrector;
the amounts were £431.227 {2021 £NIL) and £625,000 (2021 £252,970) respectively.
Durlng the year, The Estate of Mr G Panaylotou for whlch Mr C D Organ also acts as an executor pald
expensÈs of £192,315 12021 E23,190) on behalf of the tnJ5t, of whlch £21,050 (2021 £34,950)
was repald to The Estate of Nr G Panaylotou by the trust. At the year end The Estate of Mr Panaylotou
wa5 owed £178,63512021- £7,370).
Page 16

THE MILL CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022
17. Reconclllatlon of nèt movémont In funds to net cash flow from operatlng artlvltle$
2022
2021
Net expendlture for the year las per Statement of Flnèntlal Actlvltles)
(365.651)
(220,041)
Adjustment for.
Ilncrease)/decrease In debtors
Increase In credltors
Falr value change In Inv&stment
(7,007)
180,057
697,554
115.508
14,080
Net ca•h provlded by/(used In) opqratlng actlvltlas
504,953
190,453)
l& Analysls of cash and C&Bh equlvalents
20
2021
Cash In hand
1,027,850
7,522,897
Totsl
1,027,850
7,522,897
Page 17