2022-07-31-accounts - The Windmills Foundation

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		Pages
Trusteer Annual Repoft		2to3
Independent Examiners Repon		4
Statement of Financial Activities		5
Balance Sheet		6
Statement ofCnh flows		14
Notes to the Accounts		7to13
Detailed Statement of Financial	tivities	15to 16

he Windmills Found ation tatement of Financial Activitie orthe year ended 31 Arly 202	s 2
		Unrestricted	Restricted
		funds	funds	Total funds	Total funds
		2022	2022	2022	2021
	Notes			8	2
Income and endowments
from: Charitable activities		24,060	6495	88,340	90,858
TOtal		24.060	64.280	88M	90,858
Expenditure on: Charitable activities Other		0 28,922	12.454 34%1	12,454 63~	26,164 48.141
Total		28,922	47,035		74WS
Net gains on investments Net income		(4,862)	17245	12,383	16.553
Transfers between funds
Net Income before other		(4,862)	17345	12,383	16553
gains/(lOsses)
Other gains and losses Net movement in funds		(4.862)	17,245	12.383	16~
Reconciliation offunds:
Total funds brought forward Total funds carried forward		66499 61,737	17745	66,599 78,982	50,046 66~

Current assets
Debtors			7	1.942
Cash at bank and		in hand		77320	67%6
				79.762
Creditors: Amount	falling due within one year		8	(780)	(627)
Net current assets				78,982	66.599
Total assets less current liabilities				78,982	66,599
Net assets excluding		pension asset or liability		78.982
Total net assets				18.982
The funds ofthe charity
Restricted funds
Restricted income		funds		17,245
				17745
Unrestricted funds
General funds				66.599
Deignatcd funds				(4.862)
				61.737
Reserves
Totalfunds				78AN2

Inst year and no chan	Inst year and no chan	Inst year and no chan	ges have been made toaccounts for previous years.
Fund accounting
Unrestricted		funds	These are available for use at the discretion ofthe trustees			in furtherance		of	the
			general obiects ofthe charity.
Designated		funds	These are unrestricted funds earmarked by the trustees	for particular purposes.
Revaluation		funds	These are unrestricted funds whish Include a revaluation		reserve representing					the
			restatement ofinvestment assets at their market values.
Restricted	funds		These are avalhble for use sub)ect to restrictions imposed			bythe donor	or	through
			terms ofan appeal.
Income
Recognition		of	Income isincluded in the Statement of Financial Achvities			(SoFA) when the charity
income			becomes entitled to.and virtuagy certain to receive. the	income and the amount of
			the income can be measured with sufgcient reliability.
Income with		related	Where income has related expenditure the income and	related expenditure					is
expenditure			reported gross in the SoFA.
Donations	and		Voluntary Income received by way ofgrants, donations and gifts isinduded					in		the
legacies			the SOFA when reCeivable and Only when the Charity haS		unCOnditiOnal		entitlement
			tothe income.
Tax reciakns		on	Income from tax redaims isInduded in the SoFAatthe same time asthe
donations	and gifts		gift/donation to which itrelates.
Donated services			These are only included in income (with an equivalent amount in expenditure)
and faciliges			where the benefit tothe Charity is reasonably quantifiable,			measurable	and
			material.
Volunteer	help		The value ofany volunteer help received Isnot Included	in		the accounts.
Irwestment		income	ThiS iSinsiuded ki the accounts when receivable.
Gains/(losses) on			This includes any gain or IOss resulting from revaluing investments to market						value
revaluation		offixed	at the end ofthe year.
assets
Gains/(kisses) on			TIus includes any gain or lOSS On the sale ofinvestmentS.
investment		assets

The Windmills	Foundation
Notes tothe Accounts
Expenditure
Recognition	of	Expenditure is recognised on an accruakr basis. Expenditure indudes		any VATwhich
expenditure		cannot be fuly recovered. and isreported as part ofthe expenditure		to which it
		relates.
Expenditure	on	These comprise the ctxna assoclaled with attracting voluntaly	Income. fundralslng
raising funds		trading costs and investment management costs.
Expenditure	on	These comprise the cOsts incurred by the Charity in the delivery of its activities and
charitable actvitles		services in the furtherance ofits objects, Including the making	ofgrants and
		governance costs.
Grants payable		Ak grant expenditure isaccounted for on an actual paid bash	plus an	accrual for
		grants that have been approved by the trustees at the end of	the year but not yet
		pakL
Governance	costs	These Include those costs associated with meeting the constitutional		and statutory
		requirements ofthe Charity, including any audit/Independent	examination fees,
		costs linked tothe strategic management ofthe Charity. together with ashare of
		other administration costs.
Other expenditure		These are support costs not agocated to aparticular activity.

2	Statement	o	f Financial	Ac	tivities - prior y	ear
							Unrestricted	Restricted
							funds	funds	Totalfunds
							2021	2021	2021
									2
Income and endowments				from:
	Donations	and legacies						54.435	90,858
Total
Expenditure on:
	Charitable	acbvities					1,000	25.164	26.164
	Other						13,001	35,140	48,141
Total							14,001	60.304	74~
Net	income							(5.869)	16.553
Net income before other gales/Oosses)								(5.869)	16,553
Other gains and			losses:
Net	movement	in funds					22,422	(5,869)	16.553
Recondiiatlon		offunds:
Total funds brought forward									50.046
Total funds carried forward							72,468	(5.869)	66.599
3	Income from charitable activities
						Unrestricted	Restricted	Total	Total
								2022	2021
						2		2	2
	Learning Resources					24.060		88,340	90.858
						24.060	64280	88klg	90.858
4	Expenditure		on charitable		activities
						Unrestricted	Restricted	Total	Total
								2022	2021
								2
	&pendifuru		on charftabie
	achwhas
	Learning Resources Programme Mentorlng						11,150 1~	11,150 1,304	23,664 2,500
	Governance		costs
						0	12,454	12,454	26,164

			Unrestricted		Restricted	Total	Total
						2022	2021
				6	9	6	R
	Employee costs		27A29		26.922	54&1	41,784
	Motor and travel costs Premises costs General admiristrative	costs	0 1~ 143		1.226 5,707	1,226 1~ 5,850	19 5~
	Legal and professional	costs			726	726	780
			28%2		34.581	63~	48,141
6	Staff costs
					2022		2021
	Salaries and wages				53.782		41N4
	Pension costs				429		260
					54,211		41,784
	NO employee received	emoluments	in excess of260.000.
7	Oebtors
					2022
					2
	Other debtors				1,942
					1,942
8	Creditors:
	amounts falling due within one year
					2022		2021
					P.		E
	Other 1axes and mial	security			697		546
	Other creditors				83		81
					780		627

					Incoming
					resources
					(including	Resources	At 31July
					other	expended	2022
				At 1 Auguat	galnc/IOSSec
				2021	)
					9
Restricted		funds:
Restricted		Income funds:
Lottery	Grants				64,280	(47,035)	17,245
Total					64,280	(47,035)	17.245
Unrestricted			funds:
General	funds
Designated			fundr.
Grants	ILDonations				24.060	(28,922)	(4,862)
Total					24.060	(28,922)	(4~)
Total funds				66.599	N.340	~15.95	78,982

				Allguct		At 31Arly
				2021	Cash flows	2022
				2
Cash	and	cash	equivalents	67.226	10.594	T/.820
				67,226	10.594	77,820
Net	debt			67226	10,594	77.820

		2022	202'I
Cash flows from operating activities
Net income per Statement ofFinancial Activities		12M	16,553
Adjustments for.
Other gains/losses
Increase in trade and other receivables		(1,942)
Increase Intrade and other payables		153
Net cash provided by operating activities		10594	17.180
Net cash from investing activities
Net cash frOm financing aCtivltles
Net increase in cash and cash equivalents			17,180
Cash and cash equivalents at the beginning	ofthe year
Gash and cash equivalents at the end ofthe	year		17,180
Components ofcash and cash equivalents
Cash and bank balances			67,226

					Unrestrfcte	Restricted
					d funds	funds	Total funds	Total funds
					2022	2022	2022	202f
					E	f.'	E'
Income and endowments				from:
Charitable activities
Learning Resources					24.060	64780	88,340	90,858
					24.060	64,280	8L340	90,858
Total Income and endowments					24.060	64.280	8L340	90.858
Expenditure on:
Charitable activities
Learning Resources Programme Mentorlng					0	11,150 I~	11.150 1%4	23,664 2~
					0	12,454	12.454	26,164
Total ofexpenditure activities		on charitable			0	12,454	12454	26,164
Employee coats
Salarieslwages					27,000	26,782	53.782	41,524
Pension costs					429		429	260
Staff training						140	140
						26%2	54351	41,784
Motor and travel costs
Travel and subsistence						1.226	1,228	19
					0	1,226	1,226	19
Premises costs
Ught. heat and power					1%0 1%0		1'
General administrative			costs,
including depredation			and
amortisation
Bank charges					143			119
General insurances					0	323		27
Information and pubgsations								1,880
Software, ITsupport cosls		and		related	0	4.463		3,438
Stationery and printing					0	745	745	50
Telephone, fax and		broadband			0	176	176
					143	5,707		5,558
Legal and professional			costs
ACCOuntancy and bookkeeping						726	726	780
						726	726	780
Total ofexpenditure	of		other costs		28.922	34,581	63.503	48,141
Total expenditure					28.922	47,035		74.305

Net gains on investments
Net Income	(4.862)	17,245	12,383	16,553
Net Income before other gales/(losses)	(4,862)	17.245	12.383	16,553
Other Gains
Net movement in funds	(4,862)	17245	1K383	16.553
Reconciliation offunds:
Total funds brought forward	66,599		66,599	50,046
Total funds carried forward	61,737	17.245	78.982	66.599