| Page | |||||
|---|---|---|---|---|---|
| Trustees' Annual Report |
|||||
| Statement ofdirectors' |
responsibilities | ||||
| Independent Accountant's |
Report | ||||
| Funds Statements:- | |||||
| Statement 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 to the accounts | 14 |
| detailed in th |
e ac | count | s, can be summ |
arised as follows:- |
||
|---|---|---|---|---|---|---|
| 2022 | 2021 | |||||
| Net income | 200,985 | 125,213 | ||||
| Unrestricted Revenue Funds available general purposes of the charity |
for the | 471,319 | 270,334 | |||
| Total Funds | 471,319 | 270,334 |
| ended 31Decem | ber | 2022 | , as req | uired by the | Companies Act 2 |
006) | |
|---|---|---|---|---|---|---|---|
| SpRP Ftef |
Current year Unrestricted |
Current year Restricted |
Current year Total Funds |
Prier Year Total Funds |
|||
| Funds | Funds | ||||||
| 2022 | 2022 | 2022 | 2021 | ||||
| f | f | f | |||||
| Income & Endowments | from: | ||||||
| Donations & Legacies |
A1 | 249,419 | 249,419 | 134,250 | |||
| Investments | A4 | 312 | 312 | ||||
| Total income | 249,731 | 249,731 | 134,250 | ||||
| Expenditure on: |
|||||||
| Raising funds | B1 | 108 | |||||
| Charitable activities |
B2 | 9,910 | 9,910 | 5,901 | |||
| Total expenditure | 9,910 | 9,910 | 6,009 | ||||
| Net losses on investments | B4 | (38,836) | (38,836) | (3,028) | |||
| Net income for the year | 200,985 | 200,985 | 125,213 | ||||
| Net income after transfers | A-B-C | 200,985 | 200,985 | 125,213 | |||
| Net movement in funds |
200,985 | 200,985 | 125,213 | ||||
| Reconciliation offunds:- |
|||||||
| Total funds brought | forward | 270,334 | 270,334 | 145,121 | |||
| Total funds carried | forward | 471,319 | 471,319 | 270,334 |
| 2022 | 2021 | |||||
|---|---|---|---|---|---|---|
| F | ||||||
| Surplus for the year:- | ||||||
| Net excess of income over expenditure | from operations | before tax | 239,821 | 128,241 | ||
| Income from operations before tax in |
the Statement | ofFinancial Activites | 239,821 | 128,241 | ||
| Realised losses on the disposal of investments | (732) | |||||
| Surplus as shown in the Income and | Expenditure | account | 239,089 | 128,241 | ||
| Addi(deduct) non income and expenditure |
items:- | |||||
| Unrealised losses on investments |
(38,104) | (3,028) | ||||
| Net Movement in funds before taxation |
200,985 | 125,213 | ||||
| Funds generated in the year as shown |
on Statement | of Financial Activities | 200,985 | 125,213 |
| Milles Charitable | Milles Charitable | Foundation | Ltd - Resources applied | Ltd - Resources applied | in the year ended 31 December | 2022 |
|---|---|---|---|---|---|---|
| towards fixed |
assets for Charity use:- | |||||
| 2022 | 2021 | |||||
| F | F | |||||
| Funds generated | in the | year as detailed | in the SOFA | 200,985 | 125,213 | |
| Net resources | available to fund charitable | activities | 200,985 | 125,213 |
| Unrestricted | Restricted | Total | Last year | |||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Funds | Funds | Funds | Total Funds | |||||||
| 2022 | 2022 | 2022 | 2021 | |||||||
| F. | F | f | F | |||||||
| Accumulated | funds | brought | forward | 270,334 | 270,334 | 145,121 | ||||
| Recognised | gains | and | losses before | 200,985 | 200,985 | 125,213 | ||||
| transfers | ||||||||||
| 471,319 | 471,319 | 270,334 | ||||||||
| Closing | revenue | funds | 4?1,319 | 471,319 | 270,334 | |||||
| Summary | of funds | Unrestricted | Restricted | Total | Last Year | |||||
| and | Funds | Funds | Total Funds | |||||||
| Designated funds |
||||||||||
| 2022 | 2022 | 2022 | 2021 | |||||||
| F | f | f | ||||||||
| Revenue | accumulated | funds | 471,319 | 471,319 | 270,334 |
| Income and Expenditure A Companies Act 2006 |
ccou | nt fo | r t | he year ended 31 Dec | ember 2022 as required | by the |
|---|---|---|---|---|---|---|
| 2022 | 2021 | |||||
| f. | ||||||
| Income | ||||||
| Income from operations | 249,419 | 134,250 | ||||
| Investment income and interest |
||||||
| Income from investments, other than interest |
receivable | 312 | ||||
| Gross income in the year before exceptional |
items | 249,731 | 134,250 | |||
| Gross income in the year including exceptional |
items | 249,731 | 134,250 | |||
| Expenditure | ||||||
| Charitable expenditure, excluding |
depreciation | and amortisation | 9,000 | 5,000 | ||
| Fundraising costs |
108 | |||||
| Governance costs |
900 | 900 | ||||
| Interest payable | 10 | 1 | ||||
| Realised losses on the disposal of investments | 732 | |||||
| Total expenditure in the year |
10,642 | 6,009 | ||||
| Net income before tax in the financial | year | 239,089 | 128,241 | |||
| Tax on surplus on ordinary activities |
||||||
| Net income after tax in the financial year | 239,089 | 128,241 | ||||
| Retained surplus for the financial |
year | 239,089 | 128,241 | |||
| All activities derive from continuing |
operations |
| 5 | Interest payable | 2022 | 2021 | |||||
|---|---|---|---|---|---|---|---|---|
| Bank interest payable | 10 | |||||||
| 6 | Investment gains |
|||||||
| Current year | Current year | Current year | Prior Year | |||||
| Current Year |
Unrestricted Funds |
Restricted Funds |
Total Funds | Total Funds | ||||
| 2022 | 2022 | 2022 | 2021 | |||||
| 6 | ||||||||
| Realised gains/(losses) | ||||||||
| Listed investments | (732) | (732) | ||||||
| Total realised gains/(losses) | (732) | (732) | ||||||
| Unrealised gains |
/(losses) and writing | down ofcarrying | values | |||||
| Listed investments | —Unrealised | (38,104) | (38,104) | (3,028) | ||||
| Total unrealised | gains/(losses) | (38,104) | (38,104) | (3,028) | ||||
| Total realised and unrealised |
gains/(losses) | (38,836) | (38,836) | (3,028) | ||||
| Ail the gains and losses in the prior year |
were unrestricted. | |||||||
| Unrealised gains |
/(losses) and writing | down ofcarrying | values | |||||
| Prior Year | Prior Year | Prior Year | ||||||
| Listed investments | - Unrealised | (3,028) | (3,028) | |||||
| Total unrealised | gains/(losses) | etc | (3,028) | (3,028) | ||||
| Total realised and unrealised |
gains/(losses) | (3,028) | (3,028) |
| Investments in subsidiaries |
Listed investments |
Other Classes of Investment |
Total | ||
|---|---|---|---|---|---|
| Carrying values of investments |
|||||
| At 1 January |
2022 | 126,222 | 126,222 | ||
| Additions | 222 | 222 | |||
| Revaluation | at 31 December 2022 | (38,104) | (38,104) | ||
| Disposals | (2,751) | (2,751) | |||
| At 31 l3ecember 2022 | 85,589 | 85,589 | |||
| Analysis between fair value and historical cost |
|||||
| Investments | as above held at fair value | 85,589 | 85,589 |
| Debt | ors due after one year | ||
|---|---|---|---|
| 2022 | 2021 | ||
| F | |||
| Other | debtors | 199,000 | 145,000 |
| 199,000 | 145,000 |
| 14 | income and | Expenditure | account summary | 2022f | 2021 F |
|---|---|---|---|---|---|
| At 1 January | 2022 | 273,362 | 145,121 | ||
| Surplus after |
tax for the year | 239,089 | 128,241 | ||
| At 31 December 2022 | 512,451 | 273,362 |
| At 31 December 2022 | At 31 December 2022 | Unrestricted | Designated | Restricted | Total |
|---|---|---|---|---|---|
| funds | funds | funds | Funds | ||
| Investments at valuation:- |
|||||
| Fixed | asset investments | 85,589 | 85,589 | ||
| Current | Assets | 395,630 | 395,630 | ||
| Current | Liabilities | (9,900) | (9,900) | ||
| 471,319 | 471,319 | ||||
| At 1 January 2022 |
Unrestricted funds |
Designated fundsf |
Restricted funds F |
Total Funds F |
|
| Investments at valuation:- |
|||||
| Fixed | asset investments | 126,222 | 126,222 | ||
| Current | Assets | 145,012 | 145,012 | ||
| Current | Liabilities | (900) | (900) | ||
| 270,334 | 270,334 |
| Change in |
total f | un | ds ove | r the | year as show | n in Note 15,analys |
ed by individu |
ed by individu |
al funds |
al funds |
|
|---|---|---|---|---|---|---|---|---|---|---|---|
| Funds brought | Movement in |
Transfers | Funds carried | ||||||||
| forward from | funds | in 2022 | between | forward to | |||||||
| 2021 | funds | in 2022 | 2023 | ||||||||
| See Note 17 | |||||||||||
| f | |||||||||||
| Unrestricted | and designated | funds:- | |||||||||
| Unrestricted | Revenue | Funds | 270,334 | 200,985 | 471,319 | ||||||
| Total unrestricted | and designated | funds | 270,334 | 200,985 | 471,319 | ||||||
| Total charity | funds | 270,334 | 200,985 | 471,319 |
| Other | |||||||
|---|---|---|---|---|---|---|---|
| Income | Expenditure | Gains & | Movement | ||||
| Losses | in funds | ||||||
| 2022 | 2022 | 2022 | 2022 | ||||
| f | f | f | |||||
| Unrestricted | and designated | funds:- | |||||
| Unrestricted | Revenue | Funds | 249,731 | (9,910) | (38,836) | 200,985 |
| Donations, Gr |
ants and L | eg | acies | |||||
|---|---|---|---|---|---|---|---|---|
| Current year | Current year | Current year | Prior Year | |||||
| Unrestricted | Restricted | Total Funds | Total Funds | |||||
| Funds | Funds | |||||||
| 2022 | 2022 | 2022 | 2021 | |||||
| F | f | |||||||
| David Milles | 54,000 | 54,000 | ||||||
| Total donations individuals |
and gifts from | 54,000 | 54,000 | |||||
| Current year | Current year | Current year | Prior Year | |||||
| Unrestricted | Restricted | Total Funds | Total Funds | |||||
| Funds | Funds | |||||||
| 2022 | 2022 | 2022 | 2021 | |||||
| F | f | F | ||||||
| Revenue grants | and donations | from non | ||||||
| public bodies | ||||||||
| Hexadex Limited | 5,000 | |||||||
| Trustees ofthe D H Milles 1998 | Settlement | 195,419 | 195,419 | 129,250 | ||||
| Total private sector revenue | grants | 195,419 | 195,419 | 134,250 | ||||
| Revenue grants | and donations | from non public | bodies (Include Gift | Aid donations | from subsidiaries) | -Prior | ||
| Year analysis |
| Revenue grants an Year analysis |
d donations from non pub |
lic bodies (Include Gift Ai | d donations f |
rom subsidiaries) | -Prior |
|---|---|---|---|---|---|
| Prior Year | Prior Year | Prior Year | |||
| Unrestricted | Restricted | Total Funds | |||
| Funds | Funds | ||||
| 2021 | 2021 | 2021 | |||
| Prior Year | 134,250 | 134,250 | |||
| Total Donations, | Grants and | 249,419 | 249,419 | 134,250 | |
| Legacies |
| 21 | Investment | Investment | income | income | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current year | Current year | Current | year | Prior Year | |||||||||||||
| Unrestricted | Restricted | Total Funds | Total Funds | ||||||||||||||
| Funds | Funds | ||||||||||||||||
| 2022 | 2022 | 2022 | 2021 | ||||||||||||||
| F | f | F | F | ||||||||||||||
| Dividend | Income | 312 | 312 | ||||||||||||||
| Total investment | income | A4 | 312 | 312 | |||||||||||||
| 22 | Expenditure | on | charitable | activities | -Direct spending | ||||||||||||
| Current year | Current year | Current | year | Prior Year | |||||||||||||
| Unrestricted | Restricted | Total Funds | Total Funds | ||||||||||||||
| Current | Year | Funds | Funds | ||||||||||||||
| 2022 | 2022 | 2022 | 2021 | ||||||||||||||
| Donations | made to registered | charities | 9,000 | 9,000 | 5,000 | ||||||||||||
| Total direct | spending | B2a | 9,000 | 9,000 | 5,000 | ||||||||||||
| 23 | Support | costs for charitable | activities | ||||||||||||||
| Current year | Current year | Current | year | Prior Year | |||||||||||||
| Unrestricted | Restricted | Total Funds | Total Funds | ||||||||||||||
| Current | Year | Funds | Funds | ||||||||||||||
| 2022 | 2022 | 2022 | 2021 | ||||||||||||||
| F. | |||||||||||||||||
| Professional | fees | paid to advisors | other | than the auditor | or | examiner | |||||||||||
| Management | fees | 108 | |||||||||||||||
| Financial | costs | ||||||||||||||||
| Bank interest | payable | 10 | 10 | ||||||||||||||
| Support | costs before reallocation | 10 | 10 | 109 | |||||||||||||
| Less support | costs reallocated | to | specific activities | ||||||||||||||
| To costs | of | raising funds | (108) |
| Current year | Current year | Current | year | Prior Year | Prior Year | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total Funds | Total Funds | |||||||||
| Current Year |
Funds | Funds | ||||||||||
| 2022 | 2022 | 2022 | 2021 | |||||||||
| F | F | f | f | |||||||||
| Independent Examiner's |
fees | 900 | 900 | 900 | ||||||||
| Total Governance | costs | 900 | 900 | 900 | ||||||||
| All the expenditure | in | the prior year | was unrestricted. | |||||||||
| 25 | Total Charitable | expenditure | ||||||||||
| Current year | Current year | Current | year | Prior Year | ||||||||
| Unrestricted | Restricted | Total Funds | Total Funds | |||||||||
| Current Year |
Funds | Funds | ||||||||||
| 2022 | 2022 | 2022 | 2021 | |||||||||
| f | f | |||||||||||
| Total direct spending Total support costs Total Governance costs |
B2a B2d B2e |
9,000 10 900 |
9,000 10 900 |
5,000 1 900 |
||||||||
| Total charitable | expenditure | B2 | 9,910 | 9,910 | 5,901 | |||||||
| All the expenditure | in | the prior year | was unrestricted. | |||||||||
| Prior Year | Prior Year | Prior | Year | |||||||||
| Unrestricted | Restricted | Total Funds | ||||||||||
| Prior Year | Funds | Funds | ||||||||||
| 2021 | 2021 | 2021 | ||||||||||
| Total direct spending | B2a | 5,000 | 5,000 | |||||||||
| Total support costs Total Governance |
costs | B2d B2e |
1 900 |
1 900 |
||||||||
| Total charitable | expenditure | 5,901 | 5,901 |
| Current year | Current year | Current year | Prior Year | |||||
|---|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total Funds | Total Funds | |||||
| Current | Year | Funds | Funds | |||||
| 2022 | 2022 | 2022 | 2021 | |||||
| f | f | |||||||
| Reallocated | from | support costs | 108 | |||||
| Total fundraising | costs | B1 | 108 |