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|---|---|---|---|---|---|
|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|
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|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|
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|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|
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||||||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|
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|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||||||
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|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)||
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|||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|
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|Debt|ors due after one year|||
|---|---|---|---|
|||2022|2021|
||||F|
|Other|debtors|199,000|145,000|
|||199,000|145,000|
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|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|
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|||||||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|
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|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)||
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||||||||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|