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|||||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|
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|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|
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|||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|
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||||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|
##
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||||||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||||