##
##
##
##
|||||||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|