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2021-08-31-accounts

Page
Trustees'
annual
report (incorporating		 the director's report)
Independent
examiner's
report to the		 trustees
Statement
offinancial		 activities (including income and
expenditure
account)
Statement
offinancial		 position
Notes to the financial statements

Registered Registered charity name name Millfields
Inspired		 Millfields
Inspired
Charity registration number 1151413
Company registration number 08430575
Principal office and registered HQ Business Centre
office 237 Union Street
Stonehouse
Plymouth
Devon
PL1 3HQ
England
The trustees
Ms R M P Brooke
Mr RE Pipe
Mrs N Bridge
Mr A Botterill
Prof A Brewerton
Cllr
I G Tuffin
Mrs J Ellard
Ms N Sarlaka
Dr Fellingham (Appointed 11August 2021)
Ms Horton (Appointed 28 July 2021)
Independent examiner Thomas Westcott Chartered Accountants
Plym House
3 Longbridge Road
Marsh
Mills
Plymouth
PL6 8LT

2021 2020
Unrestricted Restricted
funds funds Total funds Total funds
Note E E E E
Income and endowments
Donations
and legacies		 73,648 4,132 77,780 48,929
Total income 73,648 4,132 77,780 48,929
Expenditure
Expenditure
on charitable		 activities 6,7 55,217 3,828 59,046 65,904
Total expenditure 55,217 3,828 59,046 65,904
Net income/(expenditure) 18,431 304 18,734 (16,975)
Transfers
between		 funds (4,200) 4,200
Net movement
in		 funds 14,231 4,504 18,734 (16,975)
Reconciliation
of		 funds
Total funds brought forward 71,883 23,885 95,768 112,744
Total funds carried forward 86,114 28,389 114,503 95,768

31August 2021
2021 2020
Note 6 E
Fixed assets
Tangible fixed assets 13 13 476
Investments 14 20,000 20,000
20,013 20,476
Current assets
Debtors 15 1,235 2,096
Cash at bank and in hand 94,920 75,396
96,155 77,492
Creditors: amounts falling due within one year 16 1,665 2,200
Net current assets 94,490 75,292
Total assets less current liabilities 114,503 95,768
Net assets 114,503 95,768
Funds ofthe charity
Restricted funds 28,389 23,885
Unrestricted funds 86,114 71,883
Total charity funds 18 114,503 95,768

Unrestricted Restricted Total Funds
Funds Funds 2021
8 F
Donations
Donations 63,648 4,132 67,780
Grants
Grants receivable 10,000 10,000
73,648 4,132 77,780
Unrestricted Restricted Total Funds
Funds Funds 2020
5 5 6
Donations
Donations 43,481 4,528 48,009
Grants
Grants receivable 120 800 920
43,601 5,328 48,929
Expenditure on charitable activities by fund type
Unrestricted Restricted Total Funds
Funds Funds 2021
F 6
Charitable activities 39,003 3,805 42,808
Support costs 16,214 23 16,238
55,217 3,828 59,046
Unrestricted Restricted Total Funds
Funds Funds 2020
5 5 6
Charitable activities 35,866 14,224 50,090
Supportcosts 15,607 208 15,814
51,473 14,432 65,904

Expenditu re
on charitable
ac		 tivities
by activity typ		 e
Activities
undertaken Total funds Total fund
directly Support costs 2021 2020
5 5 5
Charitable activities 42,808 16,238 59,046 65,904

8. Analysis ofs upp ort cost s
Analysis
of
support costs
f		 Total 2021
6		 Total 2020
Staff costs 12,376 12,376 11,575
Premises 269 269 259
Communications and IT 638 638 547
General office 1,865 1,865 97
Human
resources		 463 463 647
Finance costs 235 235 632
Bank charges 144 144 132
Consultancy 1,620
Payroll costs 248 248 305
16,238 16,238 15,814
9. Net income/(expenditure)
Net income/(expenditure) is stated after charging/(crediting):
2021 2020
f
Depreciation oftangible fixed assets 463 648
10. Independent examination fees
2021 2020
6
Fees payable to the independent examiner for:
Independent examination ofthe financial statements 426 547

The total staff costs an d employee benefits for the reportin g
period are analysed
as fol		 lows:
2021
f		 2020
Wages and salaries 37,915 42,806
Employer contdibutions to pension plans 766 760
38,681 43,566

received
by the trustees.
No expenses were reimbursed
to truste
Tangible fixed assets		 es for their role as a trustee.
Equipment
E
Cost
At 1 September 2020 and 31August 2021 2,190
Depreciation
At 1 September 2020 1,714
Charge for the year 463
At 31August 2021 2,177
Carrying
amount
At 31August 2021 13
At 31August 2020 476

Investments
(		 neither
listed nor unlisted)
were as follows;
Other
investments
E
Cost or valuation
At 1 September 2020 20,000
Additions
At 31August 2021 20,000
Carrying
amount
At 31August 2021 20,000
At 31August 2020 20,000
All investments shown above are held at valuation.
Debtors
2021 2020
E E
Prepayments and accrued income 1,235 1,739
Other debtors 357
1,235 2,096

Creditors: amounts
f		 alling due within one year
2021 2020
6 5
Trade creditors 577 1,700
Accruals and deferred income 730 500
Social security and other taxes 358
1,665 2,200

Restricted funds
Fund Fund
balance balance
brought Income and Fund carried
forward
f		 endowments
6		 Expenditure
6		 'Transfers
F		 forward
Grow Stonehouse 4,271 (25) 4,246
Millfields Inspired
Community Support 4,907 (300) (3,000) 1,607
¹Inspireme 11,207 1,112 (23) 12,296
Immersive Theatre
Project 3,500 2,600 (3,480) 7,200 9,820
The Prom Shop 420 420
Total 23,885 4,132 (3,828) 4,200 28,389

Fund Fund
balance balance
brought Income and Fund carried
forward endowments Expenditure transfers forward
6 6 6 6
General fund 21,891 73,648 (55,083) (4,783) 35,673
Staff Contingency
Reserve 27,000 27,000
Community Engagement
Grant 617 (134) 583 1,066
Innovation Reserve 7,375 7,375
Revaluation Reserve 15,000 15,000
Total 71,883 73,648 (55,217) (4,200) 86,114

Analysis of net as sets between
funds
Unrestricted Restricted Total Funds
Funds
f		 Funds
5		 2021
f
Tangible
fixed assets		 13 13
Investments 20,000 20,000
Current assets 67,766 28,388 96,154
Creditors less than 1 year (1,665) (1,665)
Net assets 86,114 28,388 114,502
Unrestricted Restricted Total Funds
Funds Funds 2020
6 F 5
Tangible fixed assets 452 24 476
Investments 20,000 20,000
Current assets 53,631 23,861 77,492
Creditors less than 1 year (2,200) (2,200)
Net assets 71,883 23,885 95,768