| Page | |||||
|---|---|---|---|---|---|
| Trustees' Annual Report |
|||||
| Statement ofdirectors' responsibilities | |||||
| Independent Accountant's |
Report | ||||
| Funds Statements:- | |||||
| Slalement of Financial Activities | 9 | ||||
| Statement oftotal recognised | gains and losses | 10 | |||
| Movements In funds |
11 | ||||
| Revenue Funds |
11 | ||||
| Income and Expenditure | account | 12 | |||
| Summary offunds | 11 | ||||
| Balance sheet | 13 | ||||
| Notes tothe accounts | 14 |
| The financial position | ofthe charity | at 31 December 2021 | and comparatives | for the prior period, |
|---|---|---|---|---|
| as more fully detailed | in the accounts, can be summarised | as follows:- | ||
| 2021 | 2020 | |||
| Net income | 125,213 | |||
| unrestricted Revenue Funds available general purposes ofthe charity |
for the | 270,334 | 145,121 | |
| TotalFunds | 270,334 | 145,121 |
| SORp Ref |
Current year Unrestricted |
Current year Restricted |
Current year Total Funds |
Prior Year Total Funds |
||
|---|---|---|---|---|---|---|
| Funds | Funds | |||||
| 2021 | 2021 | 2021 | 2020 | |||
| 6 | 6 | 6 | ||||
| Income 8 Endowments | from: | |||||
| DonaSons &Legacies | A1 | 134,250 | 134,2SO | 5,000 | ||
| Investments | A4 | 1 | ||||
| Total Income | A | 134+50 | 134,250 | ' 5,001 | ||
| Expenditure on: |
||||||
| Raising funds | B1 | 109 | 109 | |||
| Charitable activities |
B2 | 5,900 | 5,900 | 5,000 | ||
| Total expenditure | 6,009 | 6,009 | 5,000 | |||
| Net gains on investments | (3,028) | (3,028) | ||||
| Nst Income forthe year | 125,213 | 125,213 | ||||
| Net income after transfers | A-BW | 125,213 | 125,213 | |||
| Net movement in funds |
125,213 | 125,213 | ||||
| Reconciliation offunds:- |
||||||
| Total funds brought forward | 145,121 | 145,121 | 145,120 | |||
| Total funds carried forward | 270,334 | 274 334 | 142,121 |
| Statement ofTotal Recognised Gains and | Losses for the year | Losses for the year | Losses for the year | Losses for the year | ended 31December 2021 | ended 31December 2021 | |
|---|---|---|---|---|---|---|---|
| 2021 | 2020 | ||||||
| f | |||||||
| Surplus for the year:- | |||||||
| Net excess ofincome over expenditure from operations |
before Iax | 128,241 | |||||
| Realised gains on disposals ofsodal investments |
which | are programme | re@ted | ||||
| Income from operations before tax in the Statement |
ofFinenciai Actfvites | 128+41 | |||||
| Add/(deduct) non income and expenditure items:- |
|||||||
| Unrealised gains on Investments |
3,028 | ||||||
| Itet Movement In funds before taxatlon |
125,213 | ||||||
| F d denereledl thehearasshawnendtat |
enl | IFlnan | lain | tntd | 123213 | ||
| The notes attached on pages 14to 21 form | an integral | part | of | these accounts. | |||
| Milles Charitable Foundation Ltd - Resources applied |
in | the year ended 31December 2021 | |||||
| towards fixed assets for Charity use:- | |||||||
| 2021 | 2020 | ||||||
| 5 | E | ||||||
| Funds generated in the year as detailed in the SOFA |
125,213 | ||||||
| Net resources available to fund charitable | activities | 125413 | |||||
| The resources applied on fixed assets for charity use represents |
the cost | ofaddiTions | less proceeds ofany disposals. | ||||
| The notes attached on pages 14to 21form | an Integral | part | of | these accounts. |
| Unrestricted | Restricted | Total | Last year | ||||
|---|---|---|---|---|---|---|---|
| Funds | Funds | Funds | Total Funds | ||||
| 2021 | 2021 | 2021 | 2020 | ||||
| g | g | E | E | ||||
| Accumulated | funds brought | forward | 145,121 | 145,121 | 145,120 | ||
| Recognised | gains and | bases before | 125,213 | 125,213 | |||
| transfers | |||||||
| 270,334 | 270,334 | 145,121 | |||||
| Closing revenue funds | 270,334 | 2703$4 | 145,121 | ||||
| Summary | of funds | Unrestricted | Restricted | Total | Last Year | ||
| and | Funds | Funds | Total Funds | ||||
| Oeslgnated funds |
|||||||
| 2021 | 2021 | 2021 | 2020 | ||||
| E | E | g | K | ||||
| Revenue accumulated | funds | 270,334 | 270,334 | 145,121 |
| Mllles Charitable Foundation |
Mllles Charitable Foundation |
Mllles Charitable Foundation |
Ltd | |||||
|---|---|---|---|---|---|---|---|---|
| Income and Expenditure Account for |
the year ended 31 December | 2021 as required | by the | |||||
| Companies Act 2006 |
||||||||
| 2021 | 2020 | |||||||
| 6 | 8 | |||||||
| Income | ||||||||
| Income from operations | t34,250 | |||||||
| Investment Income and interest |
||||||||
| Interest receivable | ||||||||
| Gross Income In the year | before | exceptional | Items | 134,250 | 5,001 | |||
| Gross income In the year |
Including | exceptional | Items | 134,250 | 5,001 | |||
| Expenditor | ||||||||
| Charltabht expenditure, excluding |
depreciation | and | amortlsaticn | 5,000 | 5,000 | |||
| Fundraising costs |
108 | |||||||
| Governance costs |
||||||||
| Interest payable | 1 | |||||||
| Realised losses on disposals ofsodal Investments |
which are programme | related | ||||||
| Total expenditure In the year |
6,009 | 5,000 | ||||||
| Net Income before tax in | the financial year | 128,241 | ||||||
| Tax on surplus on ordinary |
activities | |||||||
| Net income after tax in the financial | year | 128+41 | ||||||
| Retained surplus for the financial | year | 128~1 | ||||||
| All activities derive from | continuing | operations |
| MIlles Charitable | Foundation Ltd |
- Balan | ce Sh | eet as at 31 December 2021 | ||
|---|---|---|---|---|---|---|
| SORP | ||||||
| Note | Ref | 2021 | 2020 | |||
| 6 | R | |||||
| Rxed assets | A | |||||
| Investments held as fixed assets |
8 | A4 | 126,222 | |||
| Current assets | ||||||
| Debtors | B2 | 145,000 | 145,000 | |||
| Cash at bank and m | hand | B4 | 12 | 121 | ||
| Total current assets | 145,012 | 145,121 | ||||
| Creditors: amounts | falling due within | |||||
| one year | 10 | C1 | (900) | |||
| Net current assets | 144,112 | 145,121 | ||||
| The total net assets | ofthe charity | 270,334 | 145,121 | |||
| The total net assets | ofthe charity are | funded | by the | funds ofthe charity, as follows:- | ||
| Restricted funds | ||||||
| Unrestricted Funds |
||||||
| Unrestricted Revenue |
Funds | 13 | D3 | 270,334 | 145,121 | |
| 270,334 | 145,121 | |||||
| Designated Funds |
||||||
| Totalcharityfunds | 270,334 | 145,121 |
| Investments in |
Investments in |
Investments in |
Listed Investments |
Ouwr Classes 231Investment |
Total | |||
|---|---|---|---|---|---|---|---|---|
| Carrying values ofInvestments | ||||||||
| Addisons | 129,250 | 129,250 | ||||||
| Revaluation at 31 December 2021 |
(3,028) | (3,028) | ||||||
| At 31December 2021 | 133222 | 122222 | ||||||
| Analysis between fair value | and historical cost | |||||||
| Investments as above held at | fair value | 126,222 | 126,222 | |||||
| 9 | Debtors due after one year | |||||||
| 2021 | 2020 | |||||||
| f | ||||||||
| Other debtors | 145,000 | 145.000 | ||||||
| 145,000 | 145,000 | |||||||
| The Foundation was gifted the right lo receive a ban proceeds during |
2017. The loan hr secured by way ofa | mortgage | ||||||
| over a UK property. The capital value of |
the loan is variable dependbrg | on the value ofthe property. No Interest is |
||||||
| payable on the loan. The value induded | In the financial statements | Is | based | on the letesl estimated valuation |
ofthe | |||
| property, | ||||||||
| 10 | Creditors: amounts falling due within one year |
2021 f. |
2020 f |
|||||
| Accruals | 900 | |||||||
| 11 | Income and Expenditure | account | summary | 2021f | 2020f | |||
| At 1January 2021 | 145,121 | 145,120 | ||||||
| Surplus after tax for the year | 128,241 | 1 | ||||||
| At 31December 2021 | 213322 | 123121 |
| At 31December 2021 | At 31December 2021 | At 31December 2021 | At 31December 2021 | Total | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| funds | Funds | |||||||||||||||
| 5 | ||||||||||||||||
| Ihvsstmshts | &tvaluation:- | |||||||||||||||
| Fixedasset | Investments | 126,222 | 126m | |||||||||||||
| Current Assets | 145,012 | 145,012 | ||||||||||||||
| Current Liabilities |
(900) | (900) | ||||||||||||||
| 270,334 | 270 $$4 | |||||||||||||||
| At 1January | 2021 | unrestrl cted | Designated | R strloled | Total | |||||||||||
| funds | funds | Funds | ||||||||||||||
| 6 | 5 | 5 | 5 | |||||||||||||
| Current Assets | 145,121 | 14S,121 | ||||||||||||||
| 140121 | 14S,121 | |||||||||||||||
| 13 | Change ln |
total funds over the | year as shown | In Note 12,analysed | by individual | funds | ||||||||||
| Funds brought | Novement | ln | Treosfere | Funds storied | ||||||||||||
| forward from | funds In 2021 | between | forward Io | |||||||||||||
| 2020 | funds | In 2021 | 2022 | |||||||||||||
| See | Note 14 | |||||||||||||||
| 5 | ||||||||||||||||
| Unrestricted | and designated | funds:- | ||||||||||||||
| Unrestricted | Revenue | Funds | 145,121 | 125,213 | 270,334 | |||||||||||
| Total unrestricted | and designated | funds | 145,121 | 125/13 | 270 3$4 | |||||||||||
| Total charity | funds | 145 121 | 125213 | 270 3$4 | ||||||||||||
| 14 | Analysis of movements | in funds over the year | as shown | In Note | 13 | |||||||||||
| Other | ||||||||||||||||
| income | Expendltum | Gales a | Novemeot | |||||||||||||
| Losses | In fumfs | |||||||||||||||
| 2021 | 2021 | 2021 | ||||||||||||||
| 6 | 6 | 6 | ||||||||||||||
| Vnrssfrfcfsd ~sd |
and designated Revenue Funds |
funds:- | 134,250 | (6,009) | (3,026) | 125,213 | ||||||||||
| 1$$200 | ~0,000 | ~3,020 | 125,213 | |||||||||||||
| Gains and hssss are | detailed | In note | 6 |
| Current year | Current year | Current year | Prior Year | ||||||
|---|---|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total Funds | Total Funds | ||||||
| Funds | Funds | ||||||||
| 2021 | 2021 | 2021 | 2020 | ||||||
| 2 | 0 | E | |||||||
| Revenue grants and | donations | from | |||||||
| non public bodies | |||||||||
| Hexsdex Limited | 5,000 | 5,000 | 5,000 | ||||||
| Trustees ofthe D H | Miike 1998SeNement | 129,250 | 129,250 | ||||||
| Total private sector | revenue grants | 134,250 | 134,250 | 5,000 | |||||
| Total Donations, | Grants and Legacies | ||||||||
| Total Donations, Legacies |
Grants and | 134,250 | 134,250 | 5,000 | |||||
| 18 | Investment income |
||||||||
| Current year | Current year | Current year | Prior Year | ||||||
| Unrestrlcled | Restricted | Total Funds | Total Funds | ||||||
| Funds | Funds | ||||||||
| 2021 | 2021 | 2021 | 2020 | ||||||
| 2 | 2 | 2 | |||||||
| Bank Interest Receivable | |||||||||
| Total investment | income |
| Current year | Current year | Current year | Current | year | Prior Year | |||||
|---|---|---|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total Funds | Total Funds | |||||||
| Current Year | Funds | Funds | ||||||||
| 2021 | 2021 | 2021 | 2020 | |||||||
| 2 | 2 | 2 | 2 | |||||||
| Donation made to registered | charities | 5,000 | 5,000 | 5,000 | ||||||
| Total direct spending | 82a | 5,000 | 5,000 | 5,000 | ||||||
| 20 | Support costs for charitable activities | |||||||||
| Current year | Current year | Current | year | Prior Year | ||||||
| unrestrtcted | Restricted | Total Funds | Total Funds | |||||||
| Current Year | Funds | Funds | ||||||||
| 2021 | 2021 | 2021 | 2020 | |||||||
| 2 | s | 2 | 2 | |||||||
| Professional | fees paid to advisors | other than the auditor or examiner | ||||||||
| Management | fees | 108 | 108 | |||||||
| Financial costs | ||||||||||
| Bank interest | payable | |||||||||
| Support costs before reallocation | 109 | 109 | ||||||||
| Less support | costs reallocated tospecific | activities | ||||||||
| To costs ofraising funds | (109) | (109) | ||||||||
| The basis of allocation ofcasts | between | activilies is described under accounting |
policies |
| Current year | Current year | Current year | Prior Year | ||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Total Funds | Total Funds | ||
| Current Year | Funds | Funds | |||
| 2021 | 2021 | 2021 | 2020 | ||
| E | |||||
| Independent | Examiner's fees | 900 | 900 | ||
| Total Governance costs | 900 |
| Current year | Current year | Current year | Prior Year | ||||
|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total Funds | Total Funds | ||||
| Current Year | Funds | Funds | |||||
| 2021 | 2021 | 2021 | 2020 | ||||
| E | E | E | E | ||||
| Total direct spending | 82a | 5,000 | 5,000 | 5,000 | |||
| Total Governance | costs | 82e | 900 | 9OO | |||
| Total charitable | expenditure | 82 | 5,900 | 5,900 | 5,000 |
| All the | expenditur | e in the prior yea |
r was unrestrict | ed. | ||
|---|---|---|---|---|---|---|
| Prior Year | Prior Year | Prior Year | ||||
| Unrestricted | Restricted | Total Funds | ||||
| Prior | Year | Funds | Funds | |||
| 2020 | 2020 | 2020 | ||||
| Total | direct spending | 82a | 5,000 | 5,000 | ||
| Total | charitable | expenditure | 82 | 5,000 | 5,000 |
| Current year | Current year | Current year | Prior Year | |||||
|---|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total Funds | Total Funds | |||||
| Current | Year | Funds | Funds | |||||
| 2021 | 2021 | 2021 | 2020 | |||||
| E | E | E | E | |||||
| Reallocated | from | support costs | 109 | 109 | ||||
| Total fundralslng | costs | 81 | 109 |