The Millby Foundation Financial Statements Year Ended 31 December 2022 Charity No.. 1140985
The Millby Foundation Rep0Thd FIft¢tal Stomwts foTth8y8arend8d 31 December 2022 Referen 8rbJ d8tsA& Repori clthe Truste85 ReForf ofth8 Indeper Exam•r Balansheel 8-10 NrAes fonnirq partofth& mar1 SlattrnenLS Truste8S M5 michel ATrJrea SPMJ Laiyue M5 Sarah MitcNI ts Stephan WorKJ Mr Kevhl Yau Hc Principal Office 10 Cressvll PW*. Lornlm. SW10 9RD Accountants walla Sk4n knmited. 128 City Ro•1. L(XKlw EC1V 2KX Indopondent Examinor PenF Audrt Ltd, Churthjcphm Chambet8. 8We. T¢y1)rKI. KenL TN9 1NR. ank8rs HSBC. 94 Kensingtthi HvJh StrB8L Ke, LoTrJon, W8 4SH
The Millby Foundation RewtofttTnxtseslortty•Jrended 31 Decwbor 2022 The TteeS pSettheir report ilh the Financaal smemts of the ¢J)anty fortheyear eTrYed 31 December 2022. The Financkgl Statements have been prepared in arAxxdarKe ¥Mth Ihe acctyJntiNJ rx)lioe5 sel out page 8 and o)mpiv ith Ihe dwtys I1 aThJ aFp[Kb Milby FOd81)n 15 constittiled tstts4TrSt de&J dat•J 14 Mth 2011. tt 15 reg¢stered wlth The Charity Commi5Ston forEngland and wa urthTthartyrn. 114CVJ85. The Trusteestho ha¥e sewl duriThJ the ar and JEar erhy arg set ¢xrt 1. The Trustees have examined the major Strategic. and (VeTatKwI ii5ks Ihe d)anty faces and confirni that 5ySterns have been eslablk8hed to enab regular repots to be priKILK%d so that such rtsks are rx>ntynuou51y monitored aTrJ that appropr4te steps can bptkn to Jessen Ihese rtsks. Ot4ectives and Actlvltles TFE Trustees $hgH IK)kJthe Trust Capital and WM)n or y the %trth0Sè theOffOr charitabk purwjses as the TrLL8tees tine lo twne in th at601ute di100 det8rmTh. GTrnt maklng poli¢y All aptSKa'ons rer1 arettnslared bYthèTnL5 on m8rt1orsu(tability of fvThYfjrwJ. Public ben8fft In meeting the obJ"eebve511 Trusteas have gryen Cathl cons iothè ChartyCcrfnmi5sons genaral guxlan on putlK benefft andifv that all donation$ madtr rret thrs sw#Janc8. The Truslees ha¥e IXx)tind to in ¥tyarKe the otttE Twu5t and their grant maklt)g poIKy. Donatons totalling £638.617 mJe in i)r l%J21.. £rn(L331 arxj arEdetai18d in note 3 ofthese Financial Statements. Financlal Re¥ The balarKe olfsh hdd at 31 t*cembw2022wa5 e879.722l.. £8e6.428).
The Millby Foundation ftfjrtofthe Tntg05 forthe year¢ndod 31 DeMber122 (¢01thttl R950rS polky Tha fiustees, poliry Bto maintainlheircontinwNJ 1 ofsuFPC¥t Hgrl grantmakirKJ wly. W inDJm8 resources are InsufFnI to cor the grants recourse is madeto fv otherfuts ofthe TnJ¥t. The Trustee$ do not ¢Onsickr Ihat any minimurn ¥81 of resources ts wtsirwl. Plans forthe future The Trustees intend to continue k¥oviding grants in a svndarpy lo the recent FOSt but rgtainiThJ fi?bIlty¥S to the timing, and Sca ofgrant mthrvj. Trustse5' respo[bIlItIeS In relalon tothe financlol siai¢m v aFwkcable to ChareS in England Wats wuwes theTDJ8teÈs to prepare fina181 statemerrt5 foreach finantrdl year gwe ¥ and fairvivx of the chanvs financ4al adNibes year ar1 of its financk?I posthon al end of tr yr. In preparifKJ those finaTKial statem•ts. the TnEtee5 ar8 requir110". . sdect surtable acctyJnthJ pole5 arJ t1 aFvtyVwn ccrfB•," • makejurements and estvne5 that are reasLmat arKI wJet,. • stale Wther applicab atuiunling standards and stat of reoJmrnend&1 pr>Ice ha¥8 frAk) SU.8Cl to any departures ar expIned in thèfinancial statents., and prEparethe finantyal siatemerts on ts gowy corK8m tAsunbe$S it irwpropiiateto pume that the W[1 continue in cy8rahon. Twslees are respDn5ibk for keepirvJ 8Mng reccrts di8dtJseith reasonable auAJracy al any lime Ir fmanc4al posilion of tharty aThY enable them to ensure that the an(l staternentS 0)mpty vnlh the Charities Act 2011. the Chanty IA¢¢(xJnts and Reportsl RegUkIh) aTrJ the trust OS. They are a0 re8w>nsible for safeguarding the assets of the canty and lor taki.ng reason3b* 5tep5 for IIE pre¥enlM)n and tjeietlion offraud and other irregularitses. AprKoved bythe Trustees and sNJn8d on Ihw t¢Wty. Mlchèlle Andr83 Shu Lai Yu• Tru$tee Date.. 211OG120Z3
Independent Examinerfs Report to the Trustees of The 1Y Founda"on We rewt to the TrnL8tees on tyjrexaminaith vtttE tnIS dThe Nfjlllry FrthJath)n forthe yearend&J 31 Datbr 2022 Respon$lbilitles and basts of Trport As Ihe charity In oftheTI1yOU reskwtsible forlhe preparatK>n ofthefinanraal ststements in accordan Ihe requ4rernents of Charrtw Act 2011 Ctl)eArf). We reFfMt In ofourexamifiatn oftheTwsfs finartsal stements out under setlion 145 of Ihe Ad and in ¢arryirwJ out our &xninabon %E have fOlld all the aFplICab dirlMSgen tyythe chartyc(¥nmth urwjer S0 145151(bl rfthe Act. We ha¥e compl&l rexaminat>n. We confmi thai no material matters come to our attent fft." l. aco)unlw¥J rECrS Br8 tkept in rE5pe£ldth8Tntytas tysecon 1230 olthe ACT.. or 2. fina81 statwts do rwAacL>)rd Ihose rtyS." c 3. the finarti4I Stater[nts do n(rt ¢omptyth the apPErb requwren1S xffjcemiNJ Iheforrn and eorrtent a$ set wt in the Chaithes (Accounts aTrJ Rwtsl RJuJatiorts 2LU thrthan arry requirement thatthe finanal slatemwiis give a aTrJ fw"rvil thich 15 T)t a matter (S[dered as part of our kn(peTrJent èxatnirBth?n. We have no cOncn$ ar¥J ha¥6 ccme a¢¥(tss no ollw matth in Dnm)n ith the exarninan to whith attention shwld be itraw) in this respect in orderto enth a prcyer uThYerstandinq of the financ4al st*ements to be reached. S. Hale Steve Hale FCA. FCCA on behawof PewrysAudt Lld chuthd05 Chamters Bordyrte Tonbr5dge Kent TN91NR 26.7.23
The Millby Foundation Slatement of Finala1 Actimbesforthe y¢ar¢nded 31 Deumbor2022 2022 2021 Income and endowments from: Donations and1è3aoes 651.181 241.015 Expend4ture on.. Charitable aClNitE5 239.339 Net Incom8 lexp•ndthTrl 12,2101 1.676 ¢Jthèr rÈGognW gaInlO$Se$l G4iDs Ikis8esl on rajuentyexthange Not movement In 617 1,265 Totsl funds atbeginniThJ Of 742,977 741 712 Ttstal funds at pe11&r end 767.594 742,977 All funds a utricted and reLd to The notes en pagtts 8 to 10 fc<m part (Athese finanual statements
The Millby Foundation B3lancg Sho¢t• * 31 D0Mb8r2O22 2022 2021 Current8888ts 08btors Cash at bank 172,190 866.428 879107 879x77 1,038,618 Ltabillties reditors.. amounts tslling ore ypar 147.980 Nel Gurtent a5sd5 890.638 Crlt0.. OUnts faliThJ due after Or 742.977 FuDd5 Unrestricled Funds 767.594 742.977 ArOVed bythtsTrntst aryj signed u) theirbehairty. Michelle AndTra Shu Yue Trustse Date". 21106/2023 The no on pajes 8 to 10 lorni Fort rAlhe5e finanrAd statements
The Millby Foundation 2022 2021 Not cash used in operatlng ac¢ivls 10 379 119.556 Charge in c8sh it) the >Ear 13279 119.556 Cash at Ihe beginning of Il year 866.42 746,872 Cash atthe end of the yr 879,807 866.428 notss on pages 8 to 10 form part ofthese ffflarKial staknents
The Mlllby Foundation h $uffi¢tt {¢} Rosour¢•s•xwndgd Idl SvppNt and go¥w4nc¢¢osts lel Chaiitats•a¢bfve• Ilj For ¢wrend05 Igl concern 651.181 241,015 3 ChorablÈAcii•# Grant rpJiThJ of nc4* 61 IT•enw4 Feth Fur Clrtd FLd Girt 431.874 87.899 36428 20,738 2Q502 5,57T 9.987 2,028 441.1 B9.728 37.270 21.217 20.976 5,706 5,118 S.116 5,116 479 474 12Y IrKau5N8 Fath TaKesAap ChdrerLs BalEt Fath Rthb)Th Child Swrt in Fhnd 116 5.116 Ri9MitsP 23 617
The Millby Foundatlon Support Vtywlors Ir 221.394 14.424 10.999 224.495 14.826 1S4 105 FhvJn Tsk8s Actic L(knA Children5 B leff$wd¥Tru nNe B4fd Blsd( RwKJL¢p)n Yng pAi$T(L StreelG8mesUK UK Wxl 7.614 5.281 5.070 5.070 5.070 5,070 5.070 5.D70 5.070 5.070 64 390 70 S.OLK) 70 70 239.339 111 LnBr3t, 2ws). 199.715rBrMn&l Feyth•)TfTrFFw. txJur2eof2021 tor&her¢thaiiaieayths 4 Grarts PAhl •KIF4yrtle FL l¥•yrrAe3} FuThSforWDm Detennin 1ts4501(cK31 US4SM{cll31 stat USA S)IlcM3l#a US4 SJllcM3}aL 431.$74 163,5011 36.4ZB .738 CaThbblldia Fa$hion 7akesAdw)n Landon chil.5 8t sad¢s Fashion ReK•JtiF ¢hildn8t 14.424 7.509 5.208 5,000 1173421 10&M73 f1613fb Sus rtioPkyUKUrt Baha) cEr¥CK) V<rwlor&rts It 1112404 USI11¢m3}S1kn S01(eRY) sl(J 1101589 101 1113542 221.394 10.9$9 5.000 Bla ¥GUng kr$Tj$¢ Stte&GaMes UK y11 UK TA$s#Il Hedth 236.033 6 SuprKrtMat* AcwuntstwfBes Bk cha 10
The Millby Foundation 2¢ 20 172,19) 7 ¢hlirtk HS8C. 94 Ken$ngtfyi. Lcffi 2,922 836.475 29.9S3 B79 6.428 1W,OLW) 45,QfM) TGT5 145,0 1,731 2,5 25 147.9 v*for¢¥$ N61irrtrnl lexFen¢hNe)fori 172.1 957 535 39,234 13J7 119.556 1J Trns1.•xpW• io