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 ja￿tY 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
Manch￿1¢[
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
W￿R 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 ch￿itable conwatty for the year onded 31 December 2023.
Structur4 governanee ￿anage1￿ent
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 g￿arantee, Tegistered charity number 1146768.
The charitable Company is goyernedby the Tn￿tee8 who are elected under the tem)s of the charitable compan￿8
rllles.
RÉcriiitHiertt uNdappoliilmevt of trNslees
The Jamcs Milner Foundation (the JMFI r￿OgnIseS 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]St￿5 will manage the pror¢ss.
This ￿0UP ha3 responsibility for CllSUTibg tbat the recruit￿eftt 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 K￿￿d0M 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 ￿t￿val 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 p￿￿1¢ 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￿ produCi￿g 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 Live￿001 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 fE￿drais￿￿g 74Gtivity in the
accoU￿illg 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 un￿tricted fre¢ i'eserw.
Page 3

The Jame5 Milner Foundatlon
Trustees, Report
Small compllnÉe8 provi$ion statement
This report has been pwaicd ￿ accordance with the small compati1¢5 regime underthe Cornpanics A¢¢2006.
The a1￿u8] r¢portwas &pprovedby thr trust¢¢$ of the charity on 1q.li I
iOl*&nd sig￿ed on its bekalf by..
A Hovcll
Trustee
Page 4

The James Milner Foundation
Statement of Trustees, R￿pOnSIbl11tieS
The truste￿ (who ars also the directors Df The James Mijner Foulldation for the purposes of Gompatty law) are
rtsponsxble fftr preparing the tru5teey' re￿rI and the fu￿nCl81 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 resol￿e¢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 acCoL￿ting slandards, comprising FRS 102 have been followed, 5ubj¢ct to &ny
Mat￿la1 dep￿eS disclosed and explained in the fum￿1￿1 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 It￿1￿tion in otherjurisdictiOll8.
Approved by the trustees of the charity on..... .....kOI!18lld signed on its beh￿r 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.
Respon￿bIlItieS 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 ex￿tInatI1)n, J rcport respe¢É of my ex8mination L)f your ¢b4rity's
accounts as Carried o￿t ¥nder s¢rtion 145 of the ch￿itIeS Act 2011 ('the 2011 A¢t'). In caryittg out my
exa￿l￿ation I bav¢ follt)wcd the Directions given by th¢ Charity Cotnmission under section 145(51(bl of th&
2011 ACL
Indepelldont ex&D￿n¢￿'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 t￿t comply tbe accounting reqllirtmetLts of section 396 of th# 2006 Act other thatt
ally requtrement that thc accoU￿t$ 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
RecOll￿n¢nded Practice for accDunting and reporttng by charities lapplicable to GhdTities Prepari￿ their
acCou￿ts 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
Ci￿rter8d 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 fo￿ard
85,110
129,934
20,881
Total fu￿d8 Carried fonyard
14
85,110
All of the cbarity's activities d6[1￿ from coThtinuin8 operatiojjs during th6 above two periods.
Ths ftmd& bleakdo￿Tr 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: fFlUI￿g 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' reSpon￿bIliti¢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.
Th￿e fu￿nG1￿1 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 Inte￿71 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 gllara￿tee, incorpoTated in En￿lld 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 orc0￿pIl4ll¢c
Th¥ fJnattciRI gtatema]ts have bccTh prepared iu accordance with Accouttting and Reporting by CEkaritie8'.
sthte￿ent of 116con]mtndtxI PrA¢tice applic74ble to charAti(% prepaiing their accounts sn ac¢ordaDoe with the
FIna￿cIal RcDorting Standard applicable in th¢ UK and Republic of Steland (r,RS 102) (effective l January
2019) - I￿alitieS SORP (FRS 102)). Ibe Financial Reporting StaDdard applicable IEL tbc UK al￿ Republic of
Irel￿d (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.
xe￿pIlOll 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 1￿cluded 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 DeCe￿ber 2023
Illco￿e 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 arnou￿t and settlement date.
tn the evcnt that a donation is yubj¢ct to colldition$ that require a level of perfOrmat￿e by the c￿￿1ty l￿Fore 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 repOrtingp￿l0d.
Glfis in kiiid
Gifts in kitid are reco8lli8ed in diffcrellt ways dependent on how they arG￿ed by the cbaThty.
(i) Those donated for TeS￿e 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 wh￿l 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 constn￿tIY¢ obligation to th&t expenditure, it ts proboble
settlement j8 rquired al￿ the 8tIioiittt CAD be reliably. All costs 6re allccated to thc applicable
exp6￿dIt￿re heading that &g￿egate 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 a￿d 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 COtnpa￿Y for UK corporation t8x piirposcs. A¢cordillgly, IhE
¢harity is poientially exempt fmm taxatioll in respect of incom¢ or ¢apital gains received within ¢fytegoriE5
Gov￿ed 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¥eMe￿t8 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 AlidmertsHre￿rfM1
Ail finoncxal assets 2nd liabilitiE5 ar¢ inttially m¢asured at tra￿Sa￿l0￿ pric¢ (iwludillg tra￿actIon 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 ConSti￿t¢S a
f￿ancI￿g transaction. If an o￿angeMent constitutes & f]nanLing transaction, th6 finaiicial asset or fjnattcial
liability is m¢asured at thc p￿￿￿t value of the ￿tr]re p8ynients dis¢ount¢d at a rnarket ratc of iuteE6st for a
similar debt instn￿ellt.
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]￿ul1alLe0￿ly.
FIlla￿Gi￿1 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 p￿ty 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 9￿c1r1ed 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 Institutio￿8
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¢i￿tIOnS
2023
2022
Na￿e 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
unr￿trIcted 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 d￿ectOr 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 mil￿tr for agretitsg to his Company to provide
these seryices free of cbsrg
Ent¢rta1llrn￿rnt 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