Cgrnpatly registration nllmbsr: 07759277 Charity registration number.. 1146768 The James Milner Foundation (A company limitedby guaraDtee} Annual Report and Fillancial Stat¢mrllts for the Year Ended 31 Deccmbcr 2023
The James Milner Foundation Contents Reference and AdmitJistrativ¢ Detoi18 Trustees, Report 2to4 Slatement of Trustees, Respon8ibi]ities IDdrp¢ndent Examinees Report State£t of Financial AGtivities Balance Sheet Notes to the Financial Statements 9t015
The jatY Mfilner Foundatioii Referenee And Administrative Details Tru8te&s C JHudson M A Hovell M Bollchier Prineipal office Mills & Reeve 9th Floor l New York Strect Mallcbester MI 4HD Reg15tered Offlce Mills & Recv6 9th Floor l N¢w York Strect Manch1¢[ MI 4HD Cowany Reglstrntlon Nllmber 07759277 Charlty Rtgistratlon Nllmber 1146768 Soll¢ltors: Mi115 atsd Reeve LLP 8th und 9th Floor l New YoTk Street Manchcstcr tancasbsre MI 4AD Bankers Coutts & CD 440 SIT2nd London WR OQS Be¢vcr 2nd Struthers Chartered Accountallts On6 ExpresB l George R*igh StreEt Ancoats M8nche$ter M4 5DL Ind¢pend¢Jt Kx8mlRier Page I
The James Milner Follndatlon Tru5tees' Report The trustees, are directors for tkn pu2poses of comparty law, present the annual report togetber with the rm8llcial state]netkts of the chitable conwatty for the year onded 31 December 2023. Structur4 governanee anage1ent ofgoveMrR¥docunteiil The Company is governed by its Memorandum 8nd Articles of AssociatlOD a8 incorporated on I SeptembBr 2011 aod amcnd¢d by Bpecial r¢solutiollreBi5ttr£d on 29 March 2012. Org&iiis4lioffalslrncthre The Company 55 rcgistered a tharitable COmPany> linlited by garantee, Tegistered charity number 1146768. The charitable Company is goyernedby the Tntee8 who are elected under the tem)s of the charitable compan8 rllles. RÉcriiitHiertt uNdappoliilmevt of trNslees The Jamcs Milner Foundation (the JMFI rOgnIseS that an tff¢dive bo¥1 of trustees is e88ential to the chRTity Achievi]Jg its objwtives. The JMF should SBek tv h&ve aboard that is representative of the pBople with whom th6 ch&rsty works and should h4ve a balancs of tbr knowledge and skills required to n]n thr charity. Jndividu&l Truslees must have Buffiiient knowledge to ¢DablB them to carry out their role and to reprcsettt the charity at sncetings and events. Whcncvcr a Trustee departs, a sktlls audit of th¢ board wilL bc done. Efforts at recriiÈting a repla¢emenÉ ryI1 take accowit of the 5kn115 audit alld of the skills being l()st by thc dep&rbJre. Consider&tion must also be given to ally specifi¢ roles ordutie5 that the individu8116&ving the Ix)ard was Ulldertaking. Wher6 a need has been idelltified to EcrNit TrllsÉees, thE existing board of Tn]St5 will manage the pror¢ss. This 0UP ha3 responsibility for CllSUTibg tbat the recruiteftt al indu¢tion process is carried out. This includes ¢nsuring that trllstees have a clear ullderÈlallding of the ai]ll8 alld vbjectiv&s of the clmrity and of their responsibilities as a trustec. Trustees for the JMF othr their time on avoluntary basis. Oblective$ and actlv1th5 Objects aiidaiiiis The JMF wds founded to promot¢ healthy re¢iEation for tILC benefit of yoww pex>ple in tbe United Kingdom by the dev¢lopment, improvement and prowsion of opportunitits ill 5POrts, it) P2rtievlar footbtsll, rugby and cricksL Th¢ 3RvlF also endeavours to assist iu the pr6seivation of h¢8lth aLd the advancement of ¢duc&tion among young peopl¢ in the United Kd0M through fll)an¢i81 a8sÉstan¢¢ for young people in need. By supportitig diverse sporting opportunities for boy8 and girls in m&jor citics across th¢ North of England and working witb established eh8rities, ibe JMF hDPts tbal evcry child has the opportutiity to experience thc incredible physical, m¢n¢al, aod social benefits that 8porE ¢aD create. Page 2
The James Milner fioundation Trustees, Report The JMF held an tval llag5hip fundraiBing event from 2012 to 2019 in th¢ fornL of a themed ball, dcsigned to attract high-n¢l wortlL individuals atkd busin¢sses order to firstly, o¢hi¢ve tbe hi8h6st Possible financial return for the charity alld sebondly, create signlficant opporttujkty for p1¢ raising 8ttd publhcity for the JMF alld its charity benefici2ries. More re¢ently, a series of sfflallEr events h&ve bEen olten held for thc purpose of fundraising andlor publicity thtoughout thc year. The JMF is occa8Lonally supported by ituJividu&Ls or organisations that fund r&sse ill its n&me - for exan]ple people rwJniLg marathons al produCig sponsorship ittcomc for tbc JMF. Since the Covid-19 PaDdemi¢ no large-5cal¢ fundraisillg balls have taken place sillce 2019 and there was no event charity ball held itL2023. A smaller-s¢ale thtthaisiTrg lutlch wa5 held in Novetllber 2023 tsf the accounting year. The JMF has 5UPPOrted the NSPCC, BI(K>d Cancer UK aTÈd Help For Heroes in most years since its iTLCCPtion. Oth£r past bcncficiaries h&ve includL7t the Motor New'one DEsease A&su¢iativTh, the GB Women's Deaf Team, Doti)inoes Netball Club. Liyerpool FC Foundatioll and L¥ed% Rhinos FouDdation. Public benefit The Trnstees ¢onfinn that th¢y have Complied with the rcquirejnents of section 17 of the Act 2011 to have du¢ regard to the pvblie bcnefii ¥utdatLce publishcd by the Charity ComD]Rssion ftsr F.ng]and and Wal¢s. Achleyements and performance Dollatiolls Since the global pandemic througb 2020 and 2021 the JMV lJa5 redu¢ed its fLwdraising activities 8t therefote subsequent dottation levels wLurdingly. During the 2023 period the Jam¢5 Milller Foundatioll made donations to th6 L6¢ds lthinos Foundation and the Liverpool E,'C b'oundation to fiEDd {51 sports camps each. Both FoMndatior&'s received duu4tiong of £15,(K)O from th¢ JaEnes MilELer Foundaiion (£30,000) in total to cover thc costs of the sports camps. These sports camps were hyld during school holÈday6 for tliree days p¢r camp. Frce of Gbarge plA¢es wore provided for (100) chIl(Ire between 8 to 14 year5 of age. L¢¢d$ Rbsnos FoundatlOA alld Live001 FC Fouudation dcterniined the criteria foi thc ploccs alld use but based the opportunity for ¢hildren i& specially tArgeted post cod¢ 2Kas of low-in¢orne households. Fulldraisin Tht prcvious flagship fLuthatsittg charity ball, whicb creatcd most of the charity's reveDu6 is yet to recomtnence Bitt¢e the global palldemic. Ith%tead, 8 fllndraislttg lutt¢h provided the rnaitk sour¢e of fEdraisg 74Gtivity in the accoUillg period. FknallciAI re¢W Pollcy trii reseTve5 It is the policy of the charity to try aDd illaint&in uJJrestricted funds at * levcl whiGh Covers le&8t thr months unrestricted expenditure At the year End the Gbatity's reserye3 were £129,934 (2022.. £85,110) and are all untricted fre¢ i'eserw. Page 3
The Jame5 Milner Foundatlon Trustees, Report Small compllnÉe8 provi$ion statement This report has been pwaicd accordance with the small compati1¢5 regime underthe Cornpanics A¢¢2006. The a1u8] r¢portwas &pprovedby thr trust¢¢$ of the charity on 1q.li I iOl*&nd siged on its bekalf by.. A Hovcll Trustee Page 4
The James Milner Foundation Statement of Trustees, RpOnSIbl11tieS The truste (who ars also the directors Df The James Mijner Foulldation for the purposes of Gompatty law) are rtsponsxble fftr preparing the tru5teey' rerI and the funCl81 statoEnents in cOrdance with Rpplicable l&w and United Killgdom A¢¢ounting Statul8rds (United Kitigdom Generally Accepted A¢¢oullting Practice), illcluding FRS 102 "The Finallcial Reporting Storyd&rd applicable in the UK gnd Republic of Ircland" Company low requires the truste to prq)are financial st&tements for e#¢h financi&l year. Ullder company l&w the trustee5 must not approve the fitwicial statements unless they are satisfied that they give a tnw and fair view of thc state of affairs of the ¢haritable company aThd of the iD¢oming sOurceS and applibHtion of resole¢s, it)¢luding its ineojnc and exp#nditur¢, of the eharitable eompatty for th*t period. In prep8riLg tbes¢ finattcial Statements, the trustec5 are required to.. select suitsble acrouttling policies and apply thBm consi8teotly' observe the methods and prinLipl¢s in the Charities SORP. make judgemsnts and esttmates that are reasonable alld prudetyt,. state whether applicable acCoLting slandards, comprising FRS 102 have been followed, 5ubj¢ct to &ny Matla1 depeS disclosed and explained in the fum11 statements; altd prei)8re the fJn&ncial statements on the going concern basis uThl¢ss it is IDappropriate to pr¢sun that the charitable company will contillu6 in busirtcss. Th8 lrnst¢es are responsible for keeptng proper accoultting rroords thot disclose witb reasonabl¢ 8ccwacy at any time the tinancial position of the chttrithble company attd enable them to ellsure that thc finanGial statement3 comply the Companics Act 2006. They are also respon8ible for safegu8rding the assets of the chaiitsble cornp&ny and hence for takiDg reasonable steps for tbe prevention alld detection uf fryud at)d otber irr¢gularitie8. The trustees are responsible for the m&intellallce and illtcgrity (Jf thc corporate attd Fsnattcial inforniatton ill¢luded on the charitabEe company's webslte. Legislation governillg th¢ preparation and di5s6mitiation of f]naNcial statements may diffcr from It1tion in otherjurisdictiOll8. Approved by the trustees of the charity on..... .....kOI!18lld signed on its behr by.. M A Hoyell Thwtee Page 5
The J#mes Milner Foundation Independent Examiner's Report to the trustees of The James Milner FoundAtion {'the Compllny,) I report to the charity trll8t¢cs an my ex&rllination of the accounts of the Company for the year 6ndtd 31 D¢cell]ber 2023. ResponbIlItieS RELd basis of report As the ¢harity'$ trustees of the Compatty (and a180 its directors for the pwposes of company law} you gre responsible for the preparation of the accounts in accord&Ac¢ with the requirements of the CompanieB AGt 2006 ('tbc 2006 Act,). Havtttg satisfied njyself that the accounts of the Compalky are not required to bc audited uader Part 16 of the 2006 Act aTr eligible for ind6pendent extInatI1)n, J rcport respe¢É of my ex8mination L)f your ¢b4rity's accounts as Carried ot ¥nder s¢rtion 145 of the chitIeS Act 2011 ('the 2011 A¢t'). In caryittg out my exalation I bav¢ follt)wcd the Directions given by th¢ Charity Cotnmission under section 145(51(bl of th& 2011 ACL Indepelldont ex&Dn¢'S skntement I have completed examinatioll. I confinn tbat no tter8 have come to attelltion in conn¢etion with thc examination givill8 GausE to b¢lieve'. E. acciiuntillg records were not k¢pt 511 re5PCGt of The Jatnes Milner Foundation as required by sectiots 386 of th¢ 2006 Act. or 2. th¢ accounts do not accord with th09¢ record8. or 3. thc accout do tt comply tbe accounting reqllirtmetLts of section 396 of th# 2006 Act other thatt ally requtrement that thc accoUt$ give H 't¢ alld f8lT view, whiGh is not a matt6r considered as paTt of an indcpcAdent examination; or 4. the a¢ctsurtls have not been prepared ill acGordall¢e with the methods alld pritLciples of the Statem¢nt of RecOlln¢nded Practice for accDunting and reporttng by charities lapplicable to GhdTities Prepari their acCouts in accordancc with the Fiijancial Rq)orting Standard &ppliLdble in the UK &nd RepubliG of Ireland IFRS 10211. I have no concem8 and have con]c aGn)ss no other matters itt coE)nection with the eK&tllillation lo which attention sbould be drawn in this r¢poTt in ordor to enable &prop¢r uttderstanding of the accounts to beieached. Helen FC.A Cirter8d Accoyntants On¢ ExpT¢SS l GeDTge Leigh Strcet AnGoats Mancb¢st¢r M4 5DL Date.. 19 Io.g..l.ILL. PagE 6
The James Milner Foundatioii Statement of Financial Activities for the Year Ended 31 December 2023 neludimg Income And Expenditure Account and Statement of Total Recognlsed GaAn8 and Losses) Unre5trlctEd Funds 2023 Unrestricted Funds 2022 Note IDcome Endowmellty from,. Don8tions alld legacit$ Other trading activiti65 25,662 57,225 41,858 33.229 Total illcoms 82,887 75,087 Expendlture on: Raising finds Charitable actiyities (6,068) 31,9951 (9,7031 1,1551 Total expenditUTe {38,a63 (10,858 Net Éncoll 44,824 64,229 Netmovement in 44,824 64,229 R¢¢oDclliation of funds Totsl funds brougbt foard 85,110 129,934 20,881 Total fud8 Carried fonyard 14 85,110 All of the cbarity's activities d6[1 from coThtinuin8 operatiojjs during th6 above two periods. Ths ftmd& bleakdoTr for 2022 1$ shtswll in note 14. The notes on pages 9 to 15 forni an int¢grdl part of these finaftcial st8lements. PAge 7
The James Milner Foundatlon (Registration number: 07759277) Balance Sheet as at 31 December 2023 2023 2022 Note Curront assets Ca8h atballk 8tMI inJLartd 12 131,554 88,740 CredltOTS: fFlUIg due wlthln one year 13 1,620) 3,630 riet Assets 129,934 85,110 Fundg of the ch2rlty: Unrestrieted Inco¢ fullds Utwestricted fimds 129,934 85,110 TolAI fund5 14 129,934 85,110 For the fmancial ye4E tnding 3 1 December 2023 the ¢harity was entitled to ex¢mption fcom audit under sectioll 477 of th¢ Companies Act 2006 lating to &11 companies. DirectOf8' reSponbIliti¢s.. The menkners hav6 llot irquired the clwity to obt&iu an audit of its accouAts for the year irL question in ar¢ordance with section 476. aud The directors aLknoMqedgc their responsibilities for complying with the reoDir¢ments of th6 A¢t with r¢spect to accounting records and the prcpaTalii)n of accoullts. The funG11 slatemellts hav¢ b¢¢n prepared in &¢cordan¢¢ vlith the 5peGial proyi8i0ll8 relating to companits subj¢ct to the sllv411 rompallies regime within Part 15 of th¢ CA)mpanics Act 2006. nckal $t&tements on pag05 7 to 15 were approved by the tru5te¢s, alld authoTised for issue on . Ag.%4and signed their ljehalf by.. A Hovell Tw$tee The not65 on pages 9 to 15 form att Inte71 part of these financial statements. Page 8
The JAme8 Milner Found2tion Notes to the Financial Statements for the Year Ended 31 December 2023 I Charity ststus The charity is lit]]itcd by gllaratee, incorpoTated in Enlld and W81e4 and consqu¢ntly does not have share capital. Each of the trust¢es is li&bl¢ to ¢ontribute an amount not exceeditLg £1 towards the assets of the in the event of liquidation. The address of its registered office is.. Mills & Reeve 9tlk Floor New York Stre£t Manchttster MI 4HD The prillcipal place of business is.. Mills & Reeve 9th Floi)r l New York Street Manehestcr MI 4HD 2 Accounting pollcles Summary of ilgDlfleant aceowntlng pollcles 8nd key accountillg estlmates The Pfillckpal actounting policies applied ID tkne pr¢paTation of these flnancial statcmeuts are set out below. Thcs¢ policies h&v¢ been con8iSt¢ntly &pplicd to all the years p165entc(L uDIcs8 Otherwise Etat¢d. Statement orc0pIl4ll¢c Th¥ fJnattciRI gtatema]ts have bccTh prepared iu accordance with Accouttting and Reporting by CEkaritie8'. sthteent of 116con]mtndtxI PrA¢tice applic74ble to charAti(% prepaiing their accounts sn ac¢ordaDoe with the FInacIal RcDorting Standard applicable in th¢ UK and Republic of Steland (r,RS 102) (effective l January 2019) - IalitieS SORP (FRS 102)). Ibe Financial Reporting StaDdard applicable IEL tbc UK al Republic of Ireld (FRS 102). They also comply with the Companies Act 2006 and Charities Act 2011. Ba515 •f preparadon The Jatncs Milner Fouttdation m¢cts the definition of a public b¢nefit cntity under FRS 102. AssetB alld liabilitie8 arc initially recoBnis¢d at hsstorical cost or transaction v&lue wJle85 otherwise stated in tbe relevattt accounting policy notes. Going concern Th6 fiLanci81 statcm¢nts have been prepared on g goin8 coTrcernbasis. There arg no matorial uncertaiiities abDUt the Charity's ability to ¢OELtinue, therefore, the awounts have bcetL pLYpare(t on a going concern ba8iS. xepIlOll from pr¢pArkng a cash now 5tat¢ment The charity opl¢d lo early adopt Bull6tiD I pubbsbcd Ots 2 February 2016 aTLd h*ve therefore not 1cluded a cash flow statement in these fitWts¢i81 statellients. Page 9
The James Milner Foundation Notes to the Financial Statements for the Year Ended 31 DeCeber 2023 Illcoe and endowments All income is recogtLi8£d once the charity has entitI6rnent to th¢ inc(>me, it Is pi'ob&ble that the Incon will be received atLd the omaunt of the income reccivable can I mca8ured reliably. Donolioiis and legucies Donations Are recogDised w3J¢n tbe charity has beell llotifisd An writiog of both the arnout and settlement date. tn the evcnt that a donation is yubj¢ct to colldition$ that require a level of perfOrmate by the c1ty lFore tbc chgrAty is entitl¢d to the fijnds, th6 ittton is dcfrrred ond iiot recognised until either those collditions are fully et, or the fiilfiltllent of those conditions is wholly within the control of the charity it is probable that these conditions will bc fidfilltd in the repOrtingpl0d. Glfis in kiiid Gifts in kitid are reco8lli8ed in diffcrellt ways dependent on how they arGed by the cbaThty. (i) Those donated for TeSe produce income when they are sold. Tb¢y are valued at the &mouttt a¢tually realised. (tt) Thu$e doDated for onward tran5mi5sion to bcncfi¢iaries are includcd in the Statement vfFinallcial A¢tivitie$ as fftncomillg resowres and rcsources Expended whl tb6y are distributed. Th¢y art vaRu¢d at the atllount th¢ charity would h&vc had to pay to acquire th¢m. (sii) Thosc donated for use by th¢ ¢h8rity itself are Allcluded when receivoble. Thcy ar6 V8lued at the amount the ¢h8rity would hay6 had to pay to acquiie them. Expemdllure All expendits¢ 18 recognised once there is a l¢gal or constntIY¢ obligation to th&t expenditure, it ts proboble settlement j8 rquired al the 8tIioiittt CAD be reliably. All costs 6re allccated to thc applicable exp6dItre heading that &gegate s5rniiar c()lils to that category. Where cnsts cannot bc directly attributed to particular beadings they havc bEUi allocated ott a bosis eon5i5tent with thc use of r&%ouECe8, With central staff costs allocated un the basis of tiEne spent, 8nd depreciation cb&rges dlacated on the portion of the assel's usc. Other support costs are allocated bas¢d on thc spread of staff costs. Ralfftngfuiids Th¥sv *r6 costs incurred in &ttraoting voluntsry illcome attd thosc illcurred in trading activities that raige ftllth. Covernall¢e costs Thes¢ include tbe costs attributabl¢ to Éhe charity's compliance with ronslitstioJ]al and Statutory rcquirem¢nts, including audit, strat6gic uEanag¢ment ad Trustecs's meetittgs and reitnbursed exp6JlSeS. Tgxation The charity is consider¢d to pass the tcsts set out in PAf&8rapb I Schedule 6 of tbc Finance Act 2010 and therefor6 it meets the dcfthition of a charitable COtnpaY for UK corporation t8x piirposcs. A¢cordillgly, IhE ¢harity is poientially exempt fmm taxatioll in respect of incom¢ or ¢apital gains received within ¢fytegoriE5 Goved by Chaptu. 3 Part I l of the Corporation T&x Act 2010 or SectioTh 256 of the T&KatiDn of Chargeable Gaitis Act 1992, to the extent that w¢h income or gains are appliEd ¢x¢lwively to charitable purposes. Pag6 10
The James Milner Foundation Notes to the FinanciaI Statemellts for the Year Ended 31 Decembey 2023 Trade debtor$ Tr4de debtors are amounts due frorn customers for ErchandiSe Sold or 8erYices perfoTm¢d in the ordinary ¢outs¢ of busine&8. Trade dcbtO%s arc r¢oognistd Anitially at the transactiots pr&¢e. They ar¢ subsequenuy mea5ur¢d at 8mortised cost sing the effcetivc interest method, less provision for impainn¢nt. A provision for thc impaimwit of trade debtOTS 18 established whcn thtre is objective evidence tbatthe Charity will not be able to collect all amounts due a¢Gording to the origiLJal tem)s of th¢ r¢ceivables. Cash cayh tqulvalents Cash and casli cquivalcnt5 Comprise cash on hand and call dcposits, and other short-lern higbly liquid inYesÉtnent$ that are readity collvertible to a ktM)wtt artK)unt of cash and are subj¢¢t to att insignificant risk of change valu6. structure Unrestricted income fun(L% are gen¢ral fi]nds that are available for vse at the Tru5tCes's discretion in fiutberance of tht objcctivcs ofthe Gharkty. Flnxncfial lll8trument5 Classificdlitt FillaTkGial as8ets and financial liabitities are r¢cogllised when the charity becomes a party to the contractual provision8 of tlLe iDstrthment. Finallcial liabiliti¢¥ aud equity illstrutllents arc classified a¢Iling to tbc substance of tht cDntr&ctual dtran¥eMet8 enteftd into. An equity instrwnent is ally contract that ¢vid¢n¢es a residual interest xn the wets of th¢ chaiity atter de41uctillg all of its liahilitics. Recognltlott AlidmertsHrerfM1 Ail finoncxal assets 2nd liabilitiE5 ar¢ inttially m¢asured at traSal0 pric¢ (iwludillg traactIon costs), ex¢eyt for tbose fittantial llsscts elas5ificd as at f&ir value through profil or Ios6, which are imitially measurcd at fair V81vc (which is nom)ally tbe transaction price ¢xrludiJg tra#so¢tion cos15), uu16SS th¢ grr8tt¥Lmcnl ConStit¢S a fancIg transaction. If an oangeMent constitutes & f]nanLing transaction, th6 finaiicial asset or fjnattcial liability is m¢asured at thc pt value of the tr]re p8ynients dis¢ount¢d at a rnarket ratc of iuteE6st for a similar debt instnellt. Fsnancial a55et& and liabilities are oJ)ly offset in the statement of financial position when, and only when there exisl.8 a Icgally ellforccable right to set off the ircoglltscd pmotmts and the charity iutEnds either to settle on a Thet ba518. orto rtslisc the aBSet and settle the liability s]ul1alLe0ly. FIllaGi1 a85ets derecogrnsed whcn and only when a) the contraGtual riBbt$ to the cash flows from the llnancial a&8¢t expire or are 8ettled, b} the charity tlonsfers to alloth£r pty 8ubstAntially all of the risks and rewards of ownership of the financial asset, or ¢) the ¢harity, despite h&viThg rtlailled some, but not all, signifjunt risk5 andrewards of ownership, has transfetr6d cf)ntrol of the asset to allother paity. Financial liabilities aES d¢r6GDgnised only when thc obligation 9c1r1ed in the contract is dischargcd, cancelled orexpires. Pagc 11
The James Milner Foundation Notes to the Flnaneial Statement5 for the Year Ended 31 December 2023 3 1Lcome from donat10$ 4iid Iegaeles UnrestrÈcted und$ Gener81 Total 2023 Totsl 2022 Donatiolls and Irgaci¢s' t)oJations Teceived GI in kind 20,662 5,000 20,662 5,000 33.108 8,750 25,662 41,858 4 Income from other trgdlng ¥ellvltle$ UnrestrActed Total funds Total 2022 CenerAI Evettts &n¢omo.' Other event$ income 57,225 57,225 33,229 33,229 57,225 57,225 5 Expenditure ort rAlslll¥ funds a) Costs of generAtlng donations And legacles Unrestricted funds General TotHI 2023 Total 2022 Note Marketing andpub]icity 1.068 1,068 953 b) Costs of trading A¢tlvSé1 Unrestrlcted funds Cener41 Total 2023 Total 21122 FvndiaisAng tradillg costs., IAdies LutKh rosts 5,000 5.000 5,000 8,750 5,000 8,750 Pog¢ 12
The Jame5 Milner Foundatlon Note3 to the Financial Statements for the Year Ended 31 December 1023 6 Expendlture cbBrltRble actlvltles Unrestrlcted funds Ceneral Totol 2023 TDtal 2021 Note Grant ndIng of activities Governance Costs 30,(KIO 1,995 30,ofA> 1,155 1,155 31.995 7 Analysi5 of 8oYerllanee and support cTr$t$ Govern#nee costs Unrestricted fund5 General Tot 2023 Total 2022 IELdq)end¢nt 6xamittw fees Bx&mination of tEL6 fÈtsallGial &tatenMIts 1,995 1.995 1,995 1,995 S GrAnt-mAlthg Analys1$ of grgnt$ Grants to knstitudons 2023 Allxlysls Grants to Institutio8 30,000 The support costs associated with gr4ttt-making are £Nil (31 Dccember 2022- £Nil). Below arc detai18 ofll]at¢rial grants made to ins¢itIOnS 2023 2022 Nae of lThstltution Lzeds Rhino fjonodation Liverpool FC Foundatio 15,000 15.000 30.000 Pag¢ 13
Th¢ James Milner Foundation Notes to the Financial StateRnents for the Year Ended 31 December 2023 9 Trustees remulleT4tIoll expenses No trnste¢8. nor any persoos connected with th6 have EeceÈv¢d any remuneratio from the charity dwiDg the year. No trustccs have reccivcd any r¢imburs¢d ¢xpettses or any otherbenefits from the Charity during th¢ year. 10 IDdepelldent exAminer'g remunerfition 2023 2022 Examination of the fitMn¢ial statements 1,995 1,155 11 Taxatlo The income and gaills of the charity are exempt from taxation to the extent that they are applied to its ¢haritabLe objectives. 12 Cash and casb equivalents 21)23 2022 Cash atbank 131,554 88,740 13 Credltors: amounts 14Mlng du¢ withln one yoar 2023 2022 Accruals 1,620 3,630 14 Funds Balance at 31 December 2023 B¥lsnt¢ at I JRnu&ry 2023 Incnmlng resou1£$ Resources expended unrtrIcted funds G¢n¢ral 85,110 82,887 38,063 129,934 BRlonce at 31 December 2022 B&l8noe %Lt I January 2022 Incojnlug rwllrce$ Resources expended Unrestricted funds Oeneral 20,881 10.858 85,110 Page 14
The Jajll Milner Foundation Notes to the FlnanclAI Statements for the Year Ended 31 December 2023 IS RelAted PAYty transactlons James Miiner, the founding patr4)n of the ¢harity, is also the dectOr and sh8reholdu of Ellteitsilltllent Today Limtted, a 8upplicr to thc Fowjdaliott. This is an events pl&nning and Management company was used to orgat)ise a fundraisit)g lunoh held duriug the year. These setvAces were provided free of ch&rge and thercforc th6 Foundalion has recogtused this c05t alld donated seTViC¢S its these accounts at a value of £5,000. The figure foi 2022 was £8,750. The trustees want to record their thanks to Mr miltr for agretitsg to his Company to provide these seryices free of cbsrg Ent¢rta1llrnrnt Today colleEt Jll iDcarne and pay expettditure for the went of behalf of the ch&rÉty- After the event is held moDi¢s are then transferred to the cbarity. The balance owed by Bntertais)ment Today Limited at the year-end was £ Nil (2022.. £Nil}. Page IS