The Millby Foundation
Charitable Trust
Annual Report and Audited Financial Statements
Year Ended 31 Dec8mber 2024
Charity No: 1140985
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Tho Mlllby Foundhtlon
Il•p&rt Ind Fln*fitiil 814t•m•Mi lor lh• y••i •nd•d 31 o•e•mb•l 2024
R•porf Audltty
10
511t•mènioT Fininc4al
BA1•￿* SM•t
12
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13.17
hhlpA Irthiwpartljfts SISt￿￿ntI
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The Mlllby Foundatlon
R•port Ind Flnin¢l•l Blil•m•nli lor lh• ￿•1 •nd•d Jl D•¢•mb•f ZDZ4
M9 Athi Shu tslywi
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C. & Co. 37 Aooistrogt Lry>aon, EC4P4DQ
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Tho Mlllby Foundallon
R•wiolfv Tfu•lW Ibrih•￿1i JI O•e•thb•rlM4
)7 14 2011 11 o•c•M￿ >JlJ. * Ib (Jth Coirnlth fvjr •r•J W4*$
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The Mlllby Foundatlon
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chÈriVB %Nant mBkino IR daR￿nA￿ trj AUP￿rt AlrAtAolr_ nf A￿1￿1￿ ty
mp(w•rfng oldR yiwno womn. ppruculorty ITh tho UK Bnd South Grantè Èrè ￿4¢ded lo char￿2
rKwrofft ￿ganIsa￿￿ and inraaknj that d•m0Tr5trale a ¢omrnfim8rt io wornolro tho rf9h￿ w￿b•￿Il, and
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9rnnt d0c1thrts8r￿ th8 polonU8lforprr*Jrnrn ￿V￿MInL
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kn th8 UK and Sotsth East By AdvArdw gentsi 8quBllty and pmmolng thè rWJhlS. y￿￿*[no. I￿[S￿li
• ErnPD￿rfr1g ltsdmduab.. provilling ÈIL￿1￿0, Èkll* trainiw. ana w￿niP opporttnMBg mHt enHw gilts a
young ¥￿￿o￿to￿Lf￿ thBirpotonibi and p¥￿0*￿1￿1n $0&6ty.
. R£duElng 1Th0￿￿11ty'. A￿￿￿5￿n￿ b1￿81￿ 88t*, •roncffjk oppxtrrlty. 8uppJrfhw thc48 81
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¢haibrwJe namwi anll pract￿￿.
.Advotary and awareneGs.' R￿$5￿9 of ￿$YeS gif* ￿ yowoJ and Inn￿rg
rdlryatKI ptadketo citra￿ Wra. 8YStEmk rhanua.
•hlw*m•nts •nd P•rformllnoo
Thg Trthig0$ hgvfy rothwdlo 8Wy th8kfwth in accordm wllh uftr0T￿j￿l ￿￿th￿rryant rn&Ikn9
oc41ty. OwBIIonF El,$57,6e8 hth begn th8 (ZWtJ'. £877,6B2] vThJ ate ¢*tsled kn nob 3 ¢1
thbÈÈ FI￿t￿l SlalBmfrnLs.
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The Mlllby Foundatlon
R*portOlM*T￿•t•O$1￿thl y•v•nthd ai D•[•ffl￿r iWIGonHwo
Gmrd rnthpkints aro ￿4￿r0d lo p￿￿￿40 Nghlsh¥ng Iho wcrk In oooh ptykd ond
impad ol thlg wort¢. Th# Trntsleeg uge these mpots. eg W￿11 69 dbJHAI communkab)n. io mrat￿￿or and •¥alu•ts tr
acUvM96 caffbd tyJtlO dML¥tlhoy att m•aUry Ihe and orn de￿￿9 mganlrom ImpaGt. Thwo repots
￿ed10t￿￿ttèrf￿lts partn8W OP[￿￿M3B.
hèrd t0bL4h4*¢01BbbeoThrtW￿t0 pD¥4ty8ndlhèmoAI ￿derS￿p10 rdmgllh•#nd o bètiér
Wodd.
. SupportTrvJ th? Giobal Fund for Woman thdr Addt$¢9nl Inma1￿ IAGD. Th AGI sqoks
vfwaig its fc6thr Mo￿￿9nt-bUfithw among gltb thèlr AIIBI. aknYlTrJ for ol g
d yourvj ¥IrMe￿ed orpantsatkn. as as ofassrrJDt8 O[ga￿Sai￿n and mvMnBn￿. ty ￿llarS of thrs %y)rk a
Onb￿n0 $uppcrfNn9 WPB whBrg dgtwlg tho rthdugg tharo>.' mor&
plfy thè thpast vOt¢Èa,' Ghanglng ihts fr¢rn to
Important ￿￿0[80[￿￿nUB.
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Oè¢•mbsr2024woB£12e0298 (2023.. £1.379.4231.
Our Bnum of£1,387,12S12023.. È692.2131 wav r¥d¥*d tyjr5p￿mh￿ aTrJ P8rther.
Th? RvbDrt H N Ho F4rnUy FDthdBUlln
we spent£i.3aJ,u14 oncnomabk a¢iMdes In2D24. ￿￿p￿ted WMh£B9B.nfj In2uz3. ol toiai exr&iath,
£1,351.585 re￿1￿ to owllided directy * Olher ch￿￿1$$ Or ￿l*[0ft compared vlikn E67T.5W2'
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$C￿01NY￿0nO MÈLldnowho ￿￿e￿a￿talg￿1￿£9(￿.D2o.
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InBld8ran unr8*rthd r#eive OfE4TO,IM 10 O• 8pptQfftle. Al J1 De¢*nber 2024 IhB imr8str￿ re90￿@$
£T53,631 12023.. £748,208).
st ths warn £753fv31, hBothy PtsEHbJn IJ thoritsb
ty. Th• Trn61M•c￿￿ldWTtt0 Mllby lobw ron¢
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The Mlllby Foundatlon
Il•oort olth ￿•1•￿ ltsrth• •nd•dJl O•c•mb•i 2024
. ArnpWry Youih L•*knh¥•.'
2J OL7 2Lr25
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The Millby Foundation
lrtd•p•ndortlAudttors' Report to tho Mtrmbors olThe Mlllby Foundatltrn
Oplnlc*n
Wg 8EKlil8d lh¥ fTrwwBI slg1?m¥nls ol ThB Mlllby Fuuiid8UDn (the 'ch&rWI fur Ihg y*r onded 31
2014, Mffti¢n tomprtsÈ the StaTam&ni 01 tinonu81 ACIIV11*5, bneei. Lg3n piow bt¥iemeni anu r81819u noi9& to
the Fkn8nclal Stslements. includlng a summary of slonlficanl accoun￿￿ pollcl88. The finèrtlal reportlng fram￿%￿>1k Ihal
has been gppNed in their preparts￿On Is Unrfed Klngdorn Accounong SLqndsrds, comprfslng Char￿1&8 Ael 2011 snd
SORP- FR3 102 The FIna￿la[ Reporhng Standard appll(able in rhe UK and RepubliG of Iraand, and appfiGabl8 1g¥v
IUThN8d ￿ngd￿M Gèn8rallyAcc8pled A¢(J)U￿ng Pt8¢tK81.
Thle roport IE made 801ely to charllable or9gntsadon'B IruBIg&B. a& a body, In accord8nc& wllh eecHon 144 01 Ihty
c￿riNtS Act 2011. Our tsudil Mork has bèen undèrt8ktrrt so Ihal we ml9hl stalB lo thè charftys trusloès thoso mèttèr¥
we are requlrea 10 siaie 10 In an audiiof5 report and for m other purpose. To the fv11851 extent perm1tt80 ty law.
w8 do nDI a¢tgpI or 8S5ume respon￿bilitY ID anyone oihèr than thè charl￿ble company and its Irusl&&s 8S 8 b)dy. for
Ouf2LvJitwork. forthl$ r•port. orforlhè Op[n￿ wè h8v8 forn)￿.
In our oynlon th• fingnclol stptem9nts'.
g￿e a Inje tslr vkn Df the ¥tate Df the L*b8rlWs aflalrJ as al 31 08cBtnber 2024 and of hs resLIts fgr the
IhBn endgd..
bwgn propDrfy pr•par•d in &eCordart•￿1h Unit4d Wjngdom G•nqT>ItyA¢e•p￿d Ac¢ounbng Pr4cbc•', and
hayè pi8P8r¥d In accordan¢8 vAth Ihe 1gquiiemen16 of the ChariUesAcl 2011.
Bo51$ lor oplnlorb
We wnduGl8d our Budit inaCcordan￿V￿kn International Slathd5 on Audibng IUKI ILSAS IUKII and 8ppltsbb kw.
Ourr$sporbalbllts8¥ Ur￿￿r]h(￿O stsndard5 ¥r¥knrthér d&S￿0ed In the AudKDrfs rèspDnslbifiUes forthe Euditof
fiDpnGlulEtalÈmpntS se¢bon of Dur report We are Indepèndent oflhe ch8fity In accordance V47th th& èlhlcal
requiiements IkAI are relevanl lo oui audilolthe fin￿r￿l%1 5taletnenis In the UK, including the FRes Elhlcal Standard,
and w& hav8 bjifriiéd Our0￿8￿ elNi¢ai responsiDllives In aco)r08nc&wiin tn95e 18quir&m8nts. vve Deiieve thatth?auait
evldence we have obtoined Is sufflclenland approprlab to provld8 8 baslsfor Our opkuon.
¢on¢Ju$lon8 r6la*lAU to golng ¢on¢orm
We hav8 ￿￿Ing lo raport In reswei of th& folhy*Ar6 [￿tter¥ In relatton ¢owhlch the ISAS (UK) requtr9 US to reFxirt to
you s*herf5.'
thè trus1285 use of thè gDiNJ CDntÉm los￿ of accounting in the preparatk)n of tho financ￿ $lalemen15
8pproprlalo- or
the tru51aB5 hove not d15ck>s?d In the finEncial statements any ￿￿tilled material unc&rt81niios that may cast
slonfftsnl doubl about ¢h8dtls a￿lity lo ¢onlnu8 to adopt thg golng concem ba$1$ of accounknng for a perb4 Dfat
ast twohw monlhÈ frorn the d419 the finandal thl&men15 sro authDrfBgd for &suo.
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Tha Mlllby Foundatlon
Ind•p•nd•nlAudltoTr' H•povl to lh• M•mb•rn olTh• Mlllby Founrtstloh eorrflnu•d
Oplnlon OTh olh•rM￿l*Th pr•I¢￿ts•￿ byth• ChiiHl•• A¢t 2011
In (ynh)n, on Ihe ul￿r￿r1￿kfrrt In Ihe tour80 of tho a￿tt..
lh• ln10m￿l￿n ￿v0Th In the Trus1oQ8' Rewttof y8Br lorvthkh Ihe finarKLg11latem8nl•w8 prèpafqd
tonlmryih nn•rtlèl ilètem8ntB,' •nd
fnAle8J' Reptyrt been wepored In &xord8nc8 Wih8pplthbly 1a(pk•￿nls.
M•tt•rn OhtNthkhw• *r• rnqulw•d lo rppDrt by •x¢•ptlon
the IkJN ofour kno*4edge •rKI undtrffJt8ndiw oflhg cornpgny&Thl itts 8n¥konrn¢nt•btsin8d In th8 ¢xiur80oftr•
* havo not Nlonlffièd materf&l mlssWernDts In IhB Tnists8s' AoporL
Wo hDYè nolhlry lo report In ro¥qct Dlthe m8tternthorg the ChÈrttw kn12011 wulrw ￿ to re[￿rt￿l
l. opinknn..
. 8dequats 8ttounlr4 recordi hawo notbeen kgpl, N re￿mI od•quat•for LHJf audl notbeen 1gcer4tiI from
trnn¢￿ not￿Sited byw.. or
lh• ffinanty•l 8tsiomtnts •r• m)1 In 89rd￿ent￿th the attounfjng recoids foknrn5,' or
rtBin dx10su￿6 oftrnstee'$ remuneralhm Spe￿fied bylaw8re not rnad8.' (Y
have not recor￿d 011 Ihtr infomiaiion ond exrAanalionswg roouir8 foroUra￿*l
R•sponslbllltlo$ of tn*t*•6
As explalr*d more fully on wjo 6. Ihe trusle&s are i?spon51ble for IhB preparaJon of the financbl statsm8nts 8TrJ for
sBti5fipd thsi thoygfva 8 Vug and f8lrvlw, and for 5uth iniem•l control as tho truste85 detèmiw b nee&s￿ry *i
onabk tho preparauon olfinandai 8ts*m6nts thalwe free frDm fflatefh4mtsslatemenl. %thelherdu8to fraudor
In wep8rfng ts fingncbl ststèmènts, the trustefr5 are Fg$por*ible for a$5e5$1ry thè chariV$ abk4ty H¥ •
ry C4)ry￿rn. d￿￿O8￿g. a$ appI￿Ab￿, matters 18Wod to gDhg uslng the goino ba￿8 of
arijwnting unless the trustees •lh•r kntsnd SJ hQU￿ats Ihg chpnty t* to ¢*a8e oporations, or ha¥8 ￿ wF&bC
atternati￿ bul to do so.
dltots r•¥p•thslblllllèB fotthtr th• flnThn¢lalAtat•m*ntB
Our objectNes are lo Dblain ress0￿￿e a55urnn(¥ 8tK)ul *knethor the ststemonts as a frBe from
material mi5stsltmenL wheihtrr due to fraud or enw. to IssLte Bn audiitsrfs rtsp￿ trot In￿￿￿eS OLK oplnbn.
Roasonable as5uTrnc8 1$ a hvJh *vel of assurance. bul noi a guarants8 Ihat an audbt LwdLti6d In
ISA6 IUK) ￿11 a*dyS d8tsCt a mbleriai misstJtem2nl il Bwsts. Misslal&ments c4n atse from 1[a￿j or ertLY *wJ
aro CUJSKlpr6d material rf. iTrJwidualty or In ihe 8ggregBts, they CDUPJ r¥asonably b8 8XF*¢tod to hlluenr* V
do¢isK)ns ofuser5 tsktrn on the basitofthesefinandal 5tatementS.
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The Millby Foundation
Indepèndpnt Audltors, R8POrtto the Members ol Th• Mlllby Found•tlon contlnuèd
As part of an audit in accordaTh￿ with ISA5 IUKI, we exercise professlonal judgement and rn8inlain professional
5kepti¢ism Ihrowhoul Ihe audit. We also".
Identify and as5e55 IhB nsks of materi31 misslalemeni of the financiÉl stslenienb. whether due 10 fraud or error,
design and perform audll proCedu￿S re$ponsivÈ kn IhDse risks. and obtain audit evidence that is suffiuenl and
appropriate 10 provide a basis for our opinion. The risk of noi deiecling a material missialÈtnenl resulting from tr¥ud Is
higher than for one tÈsulling from error. as fraud m8y Involve collu5i0n. forgery.
misrepre5eTrtab'ons, or the override ol Internal Conlrol.
Obl8in an underslanding of Intem81 conirol re￿VaN 10 Ihe audit in order lo design audlt procedures Ihal are
appropriaie in c4roJmstan¢Ès. bul not for the purpose ol expit$siny an opinion on the effe￿1VeneSS of the charity's
Internal control.
Evaluate IhÈ appropriateness of accounting policvès used and the reason•bleness of axounling estimate5 an
laled disclosures made by the trJ¥tee$.
cOn￿￿e on the appropriateness of Itustee's use of the going wnr*rn bas￿ of accounting and, based on Ihp
audit ÈvirJÈntÈ Obtained. whether a material uncertainty exists ielaled lo events or conditions that may casl s￿nIficant
doubl on the charty's ability lo continue as a goin9 Con￿￿. 11 we conclude th81 a malerial ￿n￿rtaintY exisis, we are
required lo draw 8llen*on in our audito¢s repori lo the re131ed dL%¢h)sures in the financial 51816m8nts or Il such
disclosures 3re inadequats, lo mixlify oui opinion. Our condusSons are based on the evidence obtained up lo the
dale of our audsio¢s ￿pOrL HO￿ver. future events Of conditions may cause the charity 10 casse to conlinLE as a going
con￿rn.
Evaluate the overall yesentsllon. structure and coThlenl of the financial statetnen15. including dlsclo$ures. and
vtheihei Ihe financial slalements represeni the Unde￿￿n9 transactions and events in a Manner thai achieves fa
pr•*•nt*tiOn.
Oblain sufficient appropriate audil evidente ￿garding the financial inlorrnation of Ihe eniilie5 or business aciiwiiiès
Wllhin the efvarity lo express an oplnk)n on the finantyal stslements. We are resw)nsible for the dire¢iion. supetvision
and pèrtormance of Ihe charity 8￿J11. We remain SO￿lY responsi￿6 for our audil opinion.
We communicate with ihose thHrgeU with governance ￿9a[dIng. amono olber mamets. the planned scope limiig
of the aLKIrt and svJnificanl audit findin9s, includiny any significant deficiènrip5 in inlemal control thai we idenlfy during
Ifh4lid A3mir fjadri Iseoioi Slaiulory Audilorl
For and oil béhall ol WaldeTr Way & Co Lid Sl8luioryAudiior
Date.

The Mlllby Foundatlon
Slat•m•niol Iln•n¢lal a¢tlvltl•* In¢ludlng In¢om• ond •xp•ndltur• •c¢ount for th• y•4r •nd•d 3109¢omb•r 2024
Unro8trl¢ted
Funds 2024
ReBtrlcte
Fund$ 2024
Tol•l Fund•
2024
Nol••
1,387,125
1.387,125
2,213
1383 024
698,776
N•tlnowfit (OX￿￿111ur•?
4,101
4.101
16,
Oih•r rn¢0gnk*•d galnslllossesl
Gairts (1)5seslon curertyexthgroe
1118231
119.388}
T￿1 funds at ofyear
T48208
748200
Tots11￿mIS at perwear end
753,631
753.631
748,208
9aY* ¥TrJ h•v• bggn inrlLTra•d in the Stat•m&nt of Finanra81 Adnirfi8s
awNJ tula1￿1 to g)ntinulng actlvtt*s
r<&s (m pages 13 to 17 frrfm partofthese financ4al statements
10
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The Mlllby Foundatlon
BalAn¢• Bh••t •• at 310•e•mb•r 2024
Not••
2024
Cvrr•nt •i••t*
Debtors
¢•$h It bèr
422,014
1.280,208
1.379,4r
1.702,312
1J79,423
Llabllltl•$
Cyeditors.. antrxnts 1gllir¥J due wthin one year
1568A641
19)1,942)
N&t cuft*fil 35tsets
1.131848
87T.481
Creditors: 8munts falliw duè aftèr c4)e y￿r
10
JBO.21
12B,ZT3
Tol•l net88s•ts
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