DocuSign Envelope ID: 4AAE0AF0-E569-4B08-ACDD-EA4485A57F21 ## **Million Minutes** Trustees Report and Financial Statements Year ending 31 August 2023 Charity number 1140079 DocuSign Envelope ID: 4AAE0AF0-E569-4B08-ACDD-EA4485A57F21 ## **Million Minutes** **Directors/Trustees Report For the year ending 31st August 2023** ## **Contents** |**Item**|**Page**| |---|---| |1. Legal structure of the Charity|3| |2. The Need for Million Minutes:|3| |3. Message from the Chair|4| |4a. Setting Collaborative Foundations for 2023-2027|5| |4.b Feedback from our Collaborators|5| |5. Key Achievements|6| |6. Delivering Public Benefit|6| |7. Governance|7| |8. Risk Management|7| |9. Reserves Policy�|7| |Independent Examiner’s Report on the Accounts|8| |Statement of Financial Activities, Financial position, Cash Flows, Summary Income and Expenditure etc|9-17| DocuSign Envelope ID: 4AAE0AF0-E569-4B08-ACDD-EA4485A57F21 **Million Minutes Trustees Report For the year ending 31st August 2023** ## **1. Legal structure of the Charity** The Charity’s legal name is Million Minutes. Million Minutes is registered in England and Wales with charity number 1140079. On the 26th March 2019 Million Minutes became a Charitable Incorporated Organisation under Charity Commission supervision. Its governing document is its constitution. **The registered office of the Charity** is Romero House, 55 Westminster Bridge Road, London, SE1 7JB. **The principle operating address** is Romero House, 55 Westminster Bridge Road, London, SE1 7JB. ## **The Trustees in office on the date the report was approved were:** - Ewan Day-Collins (Chair) - Nina Matiello Azadeh (Vice-Chair) - George White (Safeguarding Lead) - Fr Ryan Service - Aseel Gilbert - Arlene Maria Sisante (appointed 12 July 2023) - Jason Charewicz (appointed 13 January 2024) ## **The Directors/Trustees in office during the year were:�** - Ewan Day-Collins (Chair) - Nina Matiello Azadeh (Vice-Chair) - George White (Safeguarding Lead) - Fr Ryan Service - Ann Nicholls (resigned 19 March 2024) - Aseel Gilbert - Arlene Maria Sisante - Cezar Dumlo (resigned 27 March 2023) - Anna Fraine (resigned 17 May 2023) ## **2. The Need for Million Minutes:** Million Minutes is a Catholic youth agency. We promote a broad vision of youth ministry where the voices of young people are centred. **Our Vision** : a world where young people take transformative social action, rooted in the principles of Catholic Social Teaching **Our Mission** : to equip the Catholic Church to more effectively accompany all young people We work with young people, youth leaders, youth ministers, parishes, schools and the wider Church to listen to, understand and respond to the evolving needs of young people. Catholic Social Teaching underpins our work: for us, faith and social action are intertwined. We strive to put the voices of young people at the heart of all our work. We see this as fundamental for the Church to have a broad vision of youth ministry. Across our work, we utilise and promote accompaniment. This means journeying alongside people with a ‘Spirit-led’ openness and willingness to listen. An accompaniment approach meets people where they are at, whatever situation or state they find themselves in, and walks with them to wherever their path may take. Accompaniment is relational in nature and takes inspiration from how Jesus developed relationships with people, particularly those who were marginalised. He not only taught and prayed with them: He lived among them and experienced their lives as His own. Accompaniment empowers young people to know they are valued and integral members of their community and the Church. With this knowledge, young people can take transformative social action and realise their potential. Page 3 DocuSign Envelope ID: 4AAE0AF0-E569-4B08-ACDD-EA4485A57F21 ## **3. Message from the Chair** As we reflect on a year of consolidation, change and new growth in Million Minutes, we are reminded of The Emmaus Story. When the disciples encounter the Risen Lord, they immediately head back to the place they had left to proclaim the good news. At Million Minutes, we are using our experiences of encounter and dialogue with young people to advocate for new models of youth ministry and to share this mission more widely. During this first year a new strategy, we have been intentional about collaboration: we see this as a key element of our work and part of our role in being a synodal Church. The synthesis report for the session of the Synod states that there must be ‘a preferential option for young people’, whose request for listening and accompaniment came through strongly in the 2018 Synod on Youth. Therefore, as we set out on implementing our new strategy, we have spent time listening to young people and those that accompany young people - in schools, in parishes, through movements and organisations. What we heard has been our starting point and our centre as began to design new projects which include ongoing listening and accompaniment of young people and their networks of support. We value the diversity of experience that we have encountered through many conversations over the last year. We know that the Holy Spirit is at the centre of what we are doing and that the diverse experiences of young people and those who walk alongside them are all united in one spirit. As we end the year detailed in this report, we are excited to see the fruits of consolidation and reflection over 2022-23 leading to the beginnings of growth and flourishing new projects. Over 2022-23, we successfully managed capacity gaps with strategic board recruitment to support the leadership of our charity and made progress on identifying areas of need within youth ministry. Collaboration, for us, is a process focused on reflection, review, innovation and resource building that leads to sustainable practices for all those involved in working with young people in our wider church community. Of course, none of this would be possible without the generous contributions of time, expertise, finance and prayers of our supporters and key donors, in particular; The English Benedictine Congregation, Porticus UK, and Buckfast Abbey. Thank you to them and to all who have supported us. ## **Anita Motha (CEO) and Ewan Day-Collins (Chair)** Page 4 DocuSign Envelope ID: 4AAE0AF0-E569-4B08-ACDD-EA4485A57F21 ## **4a. Setting Collaborative Foundations for 2023-2027** This year has been a dynamic start to the first year of delivering on our 2023-2027 strategy ‘Towards Hope’. We have focused on building foundations of partnerships that will enable Million Minutes to design projects that empower young people to drive change in their communities. We invested time in working with crucial stakeholders - school chaplains, RE teachers, diocesan youth ministry directors, youth teams in Catholic charities, and religious orders - to share our strategy and scope opportunities to work together over the next five years. We have also worked closely with organizations and networks to deliver talks and input on our organisation’s vision and new strategy. We explored the practical aspects of including and empowering young people in a synodal church. This included speaking at the National Board of Catholic Women’s summer conference, St Vincent de Paul Society England and Wales National Meeting, and Faith and Future Generations conversation convened by Porticus UK. Some key collaborations that have been initiated this year include: • Adventurous Accompaniment – This pioneering project from Million Minutes and friends has continued to develop this year, with particular focus on updating and refining training materials and building a plan for wider dissemination of resources. We worked closely with film company CTVC Ltd and friends to produce a suite of high-quality training videos for use with a range of Catholic audiences. We delivered an introductory Summer School with leaders from across the Catholic space including religious orders, senior staff from Catholic Multi Academy Trusts, and senior leaders from charities and dioceses. We began website design for the project and creation of the infrastructure needed for wider dissemination over 2023-2024. We also identified key audiences to work with as we seek to roll out the training resources more widely in 2024. · CYMFED - we are contributing the time and expertise of our CEO to the Board of CYMFED as a representative for organisations, movements and charities. This gives Million Minutes an opportunity to lead on empowering and include member organisations’ voice across the federation and share expertise on governance for wider sector change. · Youth Ministry, Diocese of Hallam - Over the past ten months, we have worked closely with the Director of Youth Ministry in Hallam to develop their new youth ministry vision and strategy. This has involved fortnightly catch ups and strategy development days. This partnership has led to Hallam schools signing up for our CYP: Revival project, and opportunities to co-deliver input (upcoming in 2024) on the landscape of youth ministry in the diocese. · Pax Christi - Since August 2023, we have been collaborating with Pax Christi to design and deliver our CYP: Revival project. Working with their Education Worker, we are sharing (and broadening) our schools audience/reach through coordinating on content and resources. Pax Christi have contributed staff time to project design and updating our existing CST resources. ## **4.b Feedback from our Collaborators** "Million Minutes continues to play an active role in CYMFed’s projects. The time, energy and wisdom that their CEO has contributed to our current governance review is a wonderful example of how our Federation holds collaboration at the centre of our mission. The dedication of Million Minutes to Catholic Youth Ministry across England and Wales has been a valued support to both our Members and our projects." Beth Przybylska, Strategic Project Director, CYMFed – Catholic Youth Ministry Federation "In the last year Million Minutes’ support for the Youth Ministry community has been really evident through their presence on the CYMFed board and leading on their governance review – this is made easier as Million Minutes is a trusted organisation who are seen as widely supportive. Million Minutes have also supported my own organisation with their CEO speaking at our national meeting, where there was a sense that members went away feeling challenged and energised to include young people in a more effective way." Sarah Barber, Director of Young Vincentians and Youth Services, SVP Collaboration with other Dioceses and organisations is very important for me as I begin to embed a youth ministry office into the Diocese of Hallam. It is just short of a decade since there was a youth ministry team here. Million Minutes have helped with their own expertise in strategy planning and spend many hours listening to the role and situation as I see it and enabling me to put concrete proposals together. This vision was worked on with MM, and I was invited to the Trustee meeting for Hallam to deliver the findings and strategy proposal. Without support from Anita and Michael, I would have found it difficult to sit and focus on this alone." Sue McDonald, Director of Youth Ministry, Hallam Diocese Page 5 DocuSign Envelope ID: 4AAE0AF0-E569-4B08-ACDD-EA4485A57F21 ## **5. Key Achievements** ## **January:** - New strategy document launched ‘towards’ hope, outlining our strategic aims for 2023-2027 - CEO appointed as a board member for Catholic Youth Ministry Federation, representative for “movements, organisations and charities" ## **March:** - Multi-year institutional funding received from the English Benedictine Congregation - CTVC film and television company contracted to produce and develop a set of video resources for ‘Adventurous Accompaniment’ project ## **April:** - Development work with school chaplains and RE teachers to write project plan for Celebrating Young People Revival ## **June:** - CEO of Million Minutes (CYMFED board member, representative of organisations, charities and movements) appointed to chair governance review subcommittee for CYMFED - Delivered key note on Young People in the Church at SVP’s National Conference - School Mission Day: Kingston – 72 young people ## **July:** - Delivered a residential to engage gatekeepers with new Adventurous Accompaniment resources ## **August:** - New team member, Michael Chambers, appointed - Development work with Pax Christi on CYP: Revival Project ## **6. Delivering Public Benefit** In planning our activities this year, the Trustees have given consideration to the duties set out in section 17(5) of the Charities Act 2011 to have due regard for public benefit guidance published by the Charity Commission. The objects of the charity are for public benefit: To advance in life and relieve needs of young people through providing support and activities which develop their skills, capacities and capabilities to enable them to participate in society as mature and responsible individuals, consistent with the social teaching of the Roman Catholic Church. The social teaching of the Roman Catholic Church proposes the following principles, which Million Minutes takes as our framework for action, for the good of all young people, of all faiths and none: - The dignity and equality of each human person: Every human being is seen as equal. ● The call to participation and community: All of us are called to participate, to join in, to work alongside others for the common good of all. - A preferential option for the poor: It is not enough simply to think of those living in poverty and try to help them. We must enable those living in poverty to play a full, active role in society. ● The dignity and rights of workers: Human beings are not merely a commodity, a tool as part of a process to make things. We deserve a fair wage and proper working conditions. ● Solidarity among peoples and the promotion of peace: We are called to live honestly with one another, working together in love for the good of all. This is what will lead to true peace. ● Care for the earth: Our treatment of the earth has repercussions for animals, for ourselves now, and for generations to come. We need to treat the earth with respect. We seek to live by this framework in all our activity. We support young people to put them into practice. We celebrate where we see them lived out. We reach out to those in need of experiencing these in action. � Page 6 DocuSign Envelope ID: 4AAE0AF0-E569-4B08-ACDD-EA4485A57F21 ## **7. Governance** Two trustees completed their term during the financial year, and two trustees were newly appointed to provide comparable skills and experiences. A Vice Chair post was created to provide added leadership capacity within the Board. In selecting Trustees, the Board pays regard to the balance of skills and experience required on the Board, the need for capacity to develop the charity, the need for continuity, and the beneficiaries the charity seeks to serve. ## **8. Risk Management** The Trustees maintain a risk register and these risks are monitored throughout the year and updated annually. Where appropriate, systems or procedures have been established to mitigate the risks the charity faces, and the management of risks are owned by the appropriate personnel. Different risks are assessed by the most appropriate people: the full Board, Trustee subgroups or the CEO. Regardless of who manages the risk, all risks are regularly reported to the full Board, with key risks assessed at Board meetings.� ## **9. Reserves Policy�** The charity’s Reserves Policy (last reviewed 2022) sets out Million Minutes’ approach and underlying principles to reserves management. The annual budgeting process determines quantitative metrics following the Policy. Million Minutes has two baselines to guide its approach to financial planning and reserves management: 1. To always maintain sufficient general reserves to cover the charity’s financial liabilities in the event of liquidation. Liabilities are determined annually as part of the budgeting process. The Board shall not allow general reserves to fall below this level. 2. To maintain a cash amount equivalent to the cost of liquidation plus four months’ budgeted costs at the beginning of each financial year. This reflects the need for (i) sufficient cash flow to cover planned expenditure prior to receipt of income or lags in receipt of pledged funds, (ii) funds to cover unplanned events or costs e.g. economic/regulatory changes resulting in unforeseen financial consequences. The quantitative metrics attached to the two baselines described above are calculated annually in the budgeting process. The Board will only sign off budgets which achieve these two baselines. Financial monitoring during the financial year also adheres to these two baselines. Million Minutes’ reserve is held in cash. 5/22/2024 Ewan Day-Collins **Chair of the Board of Trustees. Signed on behalf of the Board of Trustees Date** The statements appear in the format required by the Statement of Recommended Practice, Accounting and Reporting by Charities applicable to charities preparing their accounts in accordance with FRS1 02. Page 7 DocuSign Envelope ID: 4AAE0AF0-E569-4B08-ACDD-EA4485A57F21 # **Million Minutes Charity Number 1140079** # **Independent Examiner’s Report on the Accounts** ## **For the year ending 31st August 2023** I report to the trustees on my examination of the receipts and payments accounts of the charity for the year ended 31 August 2023 which are set out on pages 3 - 22 in the accounts. ## **RESPECTIVE RESPONSIBILITIES OF DIRECTORS AND EXAMINER** As the charity trustees of the Trust, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (“the Act”). I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. ## **BASIS OF INDEPENDENT EXAMINER'S STATEMENT** An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or and seeks explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently I do not express an audit opinion on the view given by the accounts. ## **INDEPENDENT EXAMINER'S STATEMENT** I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination which gives me cause to believe that in, any material respect: - accounting records were not kept in accordance with section 130 of the Act or - the accounts do not accord with the accounting records I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached. Louisa Burton ACA Gatcombe House Portsmouth PO3 5EJ Page 8 DocuSign Envelope ID: 4AAE0AF0-E569-4B08-ACDD-EA4485A57F21 ## **Million Minutes** **Statement of financial activities as at 31st August 2023** |**Note**
**Income and endowments from:**
Donations and legacies
3
Charitable activities
4
Other trading activities
Investments
5
Other
Total Income
**Expenditure on:**
Raising funds
Charitable activities
6
Other
Total Expenditure
Net income/(expenditure) and net
movement in funds for the year
Movements in funds
Net movement in funds
8
**Reconciliation of funds:**
Total funds brought forward
Total funds carried forward|**Unrestricted**
**funds**
**Restricted**
**funds**
**Total funds**
**Prior period**
**Total Funds**
196
0
196
6,270
0
65,875
65,875
95,082
0
0
0
0
582
0
582
38
0
0
0
0| |---|---| ||779
65,875
66,654
101,390
32
2,695
2,727
1,845
400
66,548
66,948
93,291
1,673
615
2,289
3,567| ||2,106
69,858
71,964
98,703| ||(1,327)
(3,983)
(5,310)
2,687
0
0
0
0| ||(1,327)
(3,983)
(5,310)
2,687| ||48,031
40,062
88,093
85,406| ||46,704
36,080
82,783
88,093| Page 9 DocuSign Envelope ID: 4AAE0AF0-E569-4B08-ACDD-EA4485A57F21 ## **Million Minutes** **Statement of Financial Position as at 31st August 2023** |**Note**
**Fixed assets:**
Tangible assets
13
**Total fixed assets**
**Current assets:**
Debtors
15
Cash at bank and in hand
**Total current assets**
**Liabilities:**
Creditors: Amounts falling due within
one year
16
Net current assets or liabilities
Total assets less current liabilities
Creditors: Amounts falling due after
more than one year
Provisions for liabilities
Net asset or liabilities excluding pension
asset or liability
Defined benefit pension scheme asset or
liability
**Total net assets or liabilities**
**The funds of the charity:**
Restricted income funds
Unrestricted funds
**Total charity funds** 20/21|**Total**
**funds**
**Prior year**
**funds**
158
773| |---|---| ||158
773
16,500
9,644
97,670
94,492| ||114,170
104,137
(31,545)
(16,817)| ||82,625
87,320| ||82,783
88,093
0
0
0
0| ||82,783
88,093
0
0| ||82,783
88,093| ||36,080
40,062
46,704
48,031| ||82,783
88,093| ## **Signed on behalf of the Board of Trustees** |Signature
Name
Date|Signature
Name
Date|Signature
Name
Date| |---|---|---| ||Ewan Day-Collins|5/22/2024| Page 10 DocuSign Envelope ID: 4AAE0AF0-E569-4B08-ACDD-EA4485A57F21 ## **Million Minutes Summary Income and Expenditure Statement** ## **for year ending 31st August 2023** |Income
Gains/(losses) on investments
Interest and investment income
**Gross income in the reporting period**
Expenditure
Interest payable
Depreciation and charges for impairment of fixed assets
**Total expenditure in the reporting period**
Net income (expenditure) before tax for the reporting
period
Tax payable
**Net income (expenditure) for the financial year**|**All income funds**
**All income funds**
**(current year)**
**(previous year)**
66,071
101,352
0
0
582
38| |---|---| ||66,654
101,390
71,348
97,969
0
0
615
734| ||71,964
98,703| ||(5,310)
2,687
0
0| ||(5,310)
2,687| Page 11 DocuSign Envelope ID: 4AAE0AF0-E569-4B08-ACDD-EA4485A57F21 ## **Notes to the accounts** ## **1 1 Accounting Policies** The principal accounting policies adopted, judgements and key sources of estimation uncertainty in the preparation of the financial statements are as follows: ## **A) Basis of preparation** The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006. Million Minutes meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note(s). ## **B) Reconciliation with previous Generally Accepted Accounting Practice** In preparing the accounts, the trustees have considered whether in applying the accounting policies required by FRS 102 and the Charities SORP FRS 102 the restatement of comparative items was required. At the date of transition there was no requirement to restate any comparative as no liabilities existed that needed providing for. As such in accordance with the requirements of FRS 102 no reconciliation of opening balances has been provided. ## **C) Preparation of the accounts on a going concern basis** The Charity reported a cash outflow of £2,060 for the year (2022: £2533 cash outflow). The trustees are of the view that the Charity is a going concern. ## **D) Income** Income is recognised when the charity has entitlement to the funds, any performance conditions attached to the item(s) of income have been met, it is probable that the income will be received and the amount can be measured reliably. Income from government and other grants, whether ‘capital’ grants or ‘revenue’ grants, is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably and is not deferred. For legacies, entitlement is taken as the earlier of the date on which either: the charity is aware that probate has been granted, the estate has been finalised and notification has been made by the executor(s) to the Charity that a distribution will be made, or when a distribution is received from the estate. Receipt of a legacy, in whole or in part, is only considered probable when the amount can be measured reliably and the charity has been notified of the executor’s intention to make a distribution. Where legacies have been notified to the charity, or the charity is aware of the granting of probate, and the criteria for income recognition have not been met, then the legacy is a treated as a contingent asset and disclosed if material Income received in advance of an activity or provision of other specified service it is deferred until the criteria for income recognition are met. Page 12 DocuSign Envelope ID: 4AAE0AF0-E569-4B08-ACDD-EA4485A57F21 ## **E) Donated services and facilities** Donated professional services and donated facilities are recognised as income when the charity has control over the item, any conditions associated with the donated item have been met, the receipt of economic benefit from the use by the charity of the item is probable and that economic benefit can be measured reliably. In accordance with the Charities SORP (FRS 102), general volunteer time is not recognised. On receipt, donated professional services and donated facilities are recognised on the basis of the value of the gift to the charity which is the amount the charity would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market; a corresponding amount is then recognised in expenditure in the period of receipt. ## **F) Interest receivable** Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the Bank. ## **G) Fund accounting** Unrestricted funds are available to spend on activities that further any of the purposes of charity. Designated funds are unrestricted funds of the charity which the trustees have decided at their discretion to set aside to use for a specific purpose. Restricted funds are donations which the donor has specified are to be solely used for particular areas of the Charity's work or for specific artistic projects being undertaken by the Charity. ## **H) Expenditure and irrecoverable VAT** Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably. Expenditure is classified under the following activity headings: ● Expenditure on charitable activities includes the costs holding event, workshops and other educational activities undertaken to further the purposes of the charity and their associated support costs. - Other expenditure represents those items not falling into any other heading. Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred. ## **I) Allocation of support costs** Support costs are those functions that assist the work of the charity but do not directly undertake charitable activities. Support costs include back office costs, finance, personnel, payroll and governance costs which support the Charity's artistic programmes and activities. These costs have been allocated between cost of raising funds and expenditure on charitable activities. The bases on which support costs have been allocated are set out in note 10. ## **J) Operating leases** The charity does not currently operate any Operating Leases. Where the charity would have operating leases; the title to the equipment remains with the lessor and the equipment would be replaced every 5 years whilst the economic life of such equipment is normally 10 years. Rental charges are charged on a straight line basis over the term of the lease. Page 13 DocuSign Envelope ID: 4AAE0AF0-E569-4B08-ACDD-EA4485A57F21 ## **K) Tangible fixed assets** Individual fixed assets costing £100 or more are capitalised at cost and are depreciated over their estimated useful economic lives on a straight line basis as follows: **Asset Category Annual Rate** Plant and machinery 33% Fixtures, fittings and equipment 33% ## **L) Debtors** Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. ## **M) Cash at bank and in hand** Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account. ## **N) Creditors and provisions** Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due. ## **O) Financial instruments** The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method. ## **P) Pensions** The Charity currently operates an employee pension scheme. The Trustees recognised the Charity's legal requirement to offer an auto-enrolment pension scheme from 1st October 2017. The scheme would operate on an employee/employer combined contribution with a minimum of the legal minimum contributions. ## **Q) Transition to FRS 102** The opening fund balances at the date of transition have not been restated (see note 1b) as there were no liabilities to be restated in the transition to FRS102. The transition date was 1st September 2015. Page 14 DocuSign Envelope ID: 4AAE0AF0-E569-4B08-ACDD-EA4485A57F21 ## **2) Legal status of the Charity** On the 26th March 2019 Million Minutes became a Charitable Incorporated Organisation under Charity Commission supervision. ## **3) Income from donations and legacies** |**Income from donations and legacies**|| |---|---| |**Donations**
Gifts
Legacies
Donated services|**2023**
**2022**
196
6,270
0
0
0
0| ||196
6,270| The income from donations and legacies was £196 (2022: £6,270) of which £196 was unrestricted (2022: £3,270) and £Nil restricted (2022: £3,000) The Charity benefits greatly from the involvement and enthusiastic support of its many volunteers, details of which are given in our annual report. In accordance with FRS 102 and the Charities SORP (FRS 102), the economic contribution of general volunteers is not recognised in the accounts. ## **4) Income from charitable activities** |**Income from charitable activities**|| |---|---| |**Income from Grants:**
Support from Grant making bodies
Support from other sources
Gift Aid associated with other sources
**Subtotal : Grants**
**Total income from charitable activities**|**Restricted**
**Restricted**
**funds**
**funds**
**2023**
**2022**
65,875
92,082
0
3,000
0
0| ||65,875
95,082| ||65,875
95,082| ## **5) Investment income** All of the Charity's investment income of £582 (2022: £38) arises from money held in interest bearing deposit accounts. ## **6) Analysis of expenditure on charitable activities** |Employee Costs
Consultancy
Rent
Telephones (Landline & Mobile)
Internet & IT
Postage & Courier
Publication & Resources
Printing & Stationery
Subscriptions and Memberships
Other Professional Fees
Travel & Subsistence
Grants Given
Total|**Un-restricted**
**Restricted**
**Project:**
**Proximity**
**Restricted**
**Project: Team**
**Restricted**
**Project:**
**Grants**
**: Project**
**: Project**
**: Project**
**Total**
45,260
45,260
8,283
4,529
12,812
2,433
2,433
0
0
400
817
1,217
90
90
0
0
0
0
1,518
1,518
0
0
0
3,276
1,536
4,812
0
1,500
1,500| |---|---| ||400
0
11,559
56,183
1,500
0
0
0
69,643| Expenditure on charitable activities was £69,643 (2022: £93,291) of which £900 was unrestricted (2022: £379) and £69,643 was restricted (2022: £92,912). ## **7) Summary analysis of expenditure and related income for charitable activities** This table shows the cost of the three main charitable activities and the sources of income directly to support those activities. |Costs
Grants
Direct grant support
Net cost funded from other income|**Proximity:**
**Project**
**Teams: Project**
**Silent :**
**Project**
**Grants :**
**Project**
**: Project**
**: Project**
**: Project**
**Total**
11,559
56,183
0
0
0
0
0
67,743
0
0
1,500
0
0
0
0
1,500| |---|---| ||11,559
56,183
1,500
0
0
0
0
69,243
3,375
62,500
0
0
0
0
0
65,875| ||(8,184)
6,317
(1,500)
0
0
0
0
(3,368)| ## **8) Net income/(expenditure) for the year** |**Net income/(expenditure) for the year**|| |---|---| |This is stated after charging:
Depreciation
Bank interest payable
Auditor’s remuneration:
Audit fees
Accountancy services|**2023**
**2022**
615
686
0
0
0
0
916
838| ||1,531
1,525| Page 15 DocuSign Envelope ID: 4AAE0AF0-E569-4B08-ACDD-EA4485A57F21 **----- Start of picture text -----**
9) Analysis of staff costs, trustee remuneration and expenses,
and the cost of key management personnel
2023 2022
Salaries and wages 41,135 69,595
Social security costs 413 2,303
Pension costs 1,018 1,608
42,565 73,507
**----- End of picture text -----**
No employees had employee benefits in excess of £60,000 (2022: nil). Pension costs are allocated to activities in proportion to the related staffing costs incurred and are wholly charged to unrestricted funds. The charity trustees were not paid or received any other benefits from employment with the Charity in the year (2022: £nil). Trustees were reimbursed expenses of £128 during the year (2022: £nil). No charity trustee received payment for professional or other services supplied to the charity (2022: £nil). The key management personnel of the charity, comprise the trustees and Chief Executive Officer/Director of Million Minutes. The total employee benefits of the key management personnel of the Charity were £32,340 (2022: £39,500). ## **10) Staff Numbers** The average monthly head count was 2 staff (2022: 3 staff) and the average monthly number of full-time equivalent employees (including casual and part-time staff) during the year were as follows: **----- Start of picture text -----**
2023 2022
Administration & Development 1 1
Projects 1 2
2 3
**----- End of picture text -----**
## **11) Related party transactions** The charity has one related party as a result of historical transactions and relationships The following is a summary of value of the services provided the related party: **----- Start of picture text -----**
2023 2022
D Curtin 6,155 918
(Founding Chair of Trustees - resigned September 2014)
(No consultancy fees relate to his tenure as a trustee)
6,155 918
**----- End of picture text -----**
## **12) Corporation Taxation** The charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects. ## **13) Tangible fixed assets – charity** |**Cost or valuation**
At beginning of the year
Additions
Disposals
Revaluations
Transfers
**At end of the year**
**Depreciation and impairments**
At beginning of the year
Disposals
Depreciation
Impairment
Transfers
**At end of the year**
Net book value at beginning of the year
Net book value at end of the year|**Plant and**
**machinery**
**Fixtures, fittings**
**and equipment**
**Total**
1,890
3,954
5,844
0
0
0
0
0
0| |---|---| ||1,890
3,954
5,844
1,890
3,181
5,071
0
0
615
615
0
0| ||1,890
3,796
5,686| ||0
773
773| ||| ||0
158
158| ## **14) Investments** The charity holds no investments in any subsidiary or associates. ## **15) Debtors** |**Debtors**|| |---|---| |Trade debtors
Other debtors
Prepayments and accrued income|**2023**
**2022**
15,450
8,732
287
224
763
689| ||16,500
9,644| ||| |**Creditors: amounts falling due within one year**|| |Trade creditors
Other creditors and accruals
Deferred income
Taxation and social security costs|**2023**
**2022**
2,548
2,762
760
853
26,274
11,274
1,964
1,927| ||31,545
16,817| ## **16) Creditors: amounts falling due within one year** Page 16 DocuSign Envelope ID: 4AAE0AF0-E569-4B08-ACDD-EA4485A57F21 ## **17) Contingent assets – legacy income** As at 31 August 2022 the charity had no legacy income or any impending ## **18) Deferred income** Deferred Income are grants and income for future projects where the costs have not been incurred at Year End. As at 31 August 2023 the charity had £26,274 deferred income. ## **19) Creditors: amounts falling due after more than one year** As at 31 August 2023 the charity had no Creditors due after more than one year ## **20) Analysis of charitable funds** |**Analysis of movements in unrestricte**
General fund
Total
**Analysis of movements in unrestricte**
General fund
Total
Name of unrestricted
fund:
General fund
**Analysis of movements in restricted f**
Projects
Total
**Analysis of movements in restricted f**
Projects
Total
**Name of restricted**
**Description,**
**fund**
Project to f
Project to is
Team project
Proximity project
Grants project
Project to ca|**d funds**
Balance
Funds
01-Sep-22
Income
Expenditure
Transfers
31-Aug-23
41,805
779
(2,106)
0
40,479| |---|---| ||41,805
779
(2,106)
0
40,479| ||**d funds - previous year**
Balance
Funds
01-Sep-21
Income
Expenditure
Transfers
31-Aug-22
41,272
3,308
(2,775)
0
41,805| ||41,272
3,308
(2,775)
0
41,805| ||Description, nature and purposes of the fund
The ‘free reserves’ after allowing for all designated funds.
**unds**
Balance
Funds
01-Sep-22
Income
Expenditure
Transfers
31-Aug-23
46,314
65,875
(69,858)
0
42,331| ||46,314
65,875
(69,858)
0
42,331| ||**unds - previous year**
Balance
Funds
01-Sep-21
Income
Expenditure
Transfers
31-Aug-22
44,159
98,082
(95,927)
0
46,314| ||44,159
98,082
(95,927)
0
46,314| ||**nature and purposes of the fund**
und MM Team roles within the community including on costs for team members
sue grants
rry out Parish based research training and resources| ## **21) Analysis of net assets between funds** |Analysis of group net assets between funds - curre
Tangible fixed assets
Cash at bank and in hand
Other net current assets/(liabilities)
Creditors of more than one year
**Total**
Analysis of group net assets between funds - previ
Tangible fixed assets
Cash at bank and in hand
Other net current assets/(liabilities)
Creditors of more than one year
**Total**|nt year
General
Designated
Restricted
Total
Fund
Funds
Funds
0
0
158
158
51,719
0
45,951
97,670
0
0
(15,045)
(15,045)
0
0
0
0| |---|---| ||51,719
0
31,064
82,783| ||ous year
General
Designated
Restricted
Total
Fund
Funds
Funds
0
0
773
773
11,714
0
82,779
94,492
(2,525)
0
(4,648)
(7,173)
0
0
0
0| ||9,189
0
78,904
88,093| ## **22) Financial instruments** The Charity has no Financial Instruments to report on ## **23) Post-balance sheet events** The charity has no post balance sheet events Page 17