| 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 | ||||
| The following pages |
do not form part ofthe financial | statements | |||
| Detailed statement of |
financial activities |
21 | |||
| Notes to the detailed | statement offinancial |
activities |
| The trustees, | The trustees, | who are | who are | also the | directors for the purposes | of company | law, present their report and the |
law, present their report and the |
law, present their report and the |
|---|---|---|---|---|---|---|---|---|---|
| unaudited | financial | statements | ofthe charity for the year | ended 31 August 2022. | |||||
| Reference | and administrative | details | |||||||
| Registered | charity | name | Millfields inspired |
||||||
| Charity registration | number | 1151413 | |||||||
| Company | registration | number | 08430575 | ||||||
| Principal office and registered | HQ Business Centre | ||||||||
| office | 237 Union Street | ||||||||
| Stoneh ouse | |||||||||
| Plymouth | |||||||||
| Devon | |||||||||
| PL1 3HQ | |||||||||
| England | |||||||||
| The trustees | |||||||||
| Ms R M P Brooke | (Resigned 2 November | 2021) | |||||||
| Mr R E Pipe | (Resigned 10June 2022) | ||||||||
| Mrs N Bridge | |||||||||
| Mr A Botterill | |||||||||
| Prof A Brewerton | (Resigned 19January | 2022) | |||||||
| Cllr I G Tuffin |
|||||||||
| Mrs J Ellard | |||||||||
| Ms N Sarlaka | |||||||||
| Mr P Q Barlow | (Appointed | 19May 2022) | |||||||
| Dr Fellingham | |||||||||
| Ms Horton | |||||||||
| (Appointed | 10June 2022) | ||||||||
| Cllr C Penberthy | (Resigned 4 November | 2022) |
| 2022 | 2021 | ||||||
|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | ||||||
| Note | funds F |
funds F |
Total funds f |
Total funds | |||
| Income and endowments | |||||||
| Donations and legacies |
67,370 | 7,600 | 74,970 | 77,780 | |||
| Total income | 67,370 | 7,600 | 74,970 | 77,780 | |||
| Expenditure | |||||||
| Expenditure on charitable |
activities | 61,216 | 2,000 | 63,216 | 59,046 | ||
| Total expenditure | 61,216 | 2,000 | 63,216 | 59,046 | |||
| Net income and net movement | in | funds | 6,154 | 5,600 | 11,754 | 18,734 | |
| Reconciliation offunds |
|||||||
| Total funds brought forward |
86,114 | 28,389 | 114,503 | 95,768 | |||
| Total funds carried forward | 92,268 | 33,989 | 126,257 | 114,503 |
| 3'i August 2022 | |||||
|---|---|---|---|---|---|
| 2022 | 2021 | ||||
| Note | |||||
| Fixed assets Tangible fixed assets Investments |
13 14 |
20,000 | 13 20,000 |
||
| 20,000 | 20,013 | ||||
| Current assets | |||||
| Debtors Cash at bank and in hand |
15 | 11,365 130,452 |
1,234 94,920 |
||
| 141,817 | 96,154 | ||||
| Creditors: amounts | falling | due within one year | 16 | 35,560 | 1,665 |
| Net current assets | 106,257 | 94,489 | |||
| Total assets less current | liabilities | 126,257 | 114,502 | ||
| Net assets | 126,257 | 114,502 | |||
| Funds ofthe charity Restricted funds Unrestricted funds |
33,989 92,268 |
28,389 86,114 |
|||
| Total charity funds | 19 | 126257 | 114503 |
| wound up the members would be lim Donations and legacies |
ited to a liability of E1 each. | ||
|---|---|---|---|
| Unrestricted | Restricted | Total Funds | |
| Funds | Funds | 2022 | |
| E | F | ||
| Donations | |||
| Donations | 67,370 | 7,600 | 74,9?0 |
| Grants | |||
| Grants receivable | |||
| 67,370 | 7,600 | 74,970 |
| Donations and legacies (continued) |
|||
|---|---|---|---|
| Unrestricted | Restricted | Total Funds | |
| Funds f |
Funds f |
2021 f |
|
| Donations | |||
| Donations | 63,648 | 4,132 | 67,780 |
| Grants | |||
| Grants receivable | 10,000 | 10,000 | |
| 73,648 | 4,132 | 77,780 |
| Expenditur | e on charitable activities |
by fund type | ||
|---|---|---|---|---|
| Unrestricted | Restricted | Total Funds | ||
| Funds | Funds f |
2022 f |
||
| Charitable | activities | 46,634 | 2,000 | 48,634 |
| Support costs | 14,582 | 14,582 | ||
| 61,216 | 2,000 | 63,216 | ||
| Unrestricted | Restricted | Total Funds | ||
| Funds | Funds | 2021 | ||
| f | f | f | ||
| Charitable | activities | 39,003 | 3,805 | 42,808 |
| Support costs | 16,214 | 23 | 16,238 | |
| 55,217 | 3,828 | 59,046 |
| Expenditur | e on charitable ac |
tivities by activity type |
||||
|---|---|---|---|---|---|---|
| Activities | ||||||
| undertaken | Support | Total | funds | Total fund | ||
| directly f |
costs f |
2022 f |
2021 f |
|||
| Charitable | activities | 48,634 | 14,582 | 63,216 | 59,046 |
| 8. | Analysis of |
s | upp | ort cos | ts | |||||
|---|---|---|---|---|---|---|---|---|---|---|
| Analysis of |
||||||||||
| support costs | Total 2022 | Total 2021 | ||||||||
| F | P | |||||||||
| Staff costs | 13,179 | 13,179 | 12,376 | |||||||
| Premises | 289 | 289 | 269 | |||||||
| Communications | and IT | 270 | 270 | 638 | ||||||
| General office |
1,865 | |||||||||
| Human resources |
13 | 13 | 463 | |||||||
| Finance costs | 383 | 383 | 235 | |||||||
| Bank charges | 165 | 165 | 144 | |||||||
| Payroll costs | 273 | 273 | 247 | |||||||
| 14,572 | 14,5?2 | 16,237 | ||||||||
| 9. | Net income | |||||||||
| Net income is | stated after | charging/(crediting): | ||||||||
| 2022 | 2021 | |||||||||
| E | ||||||||||
| Depreciation | of tangible fixed assets | 13 | 463 | |||||||
| 10. | Independent | examination | fees | |||||||
| 2022 | 2021 | |||||||||
| E | ||||||||||
| Fees payable | to the independent | examiner for: | ||||||||
| independent | examination | ofthe | financial | statements | 700 | 426 |
| Tangible fixed assets | |
|---|---|
| Equipment | |
| f. | |
| Cost | |
| At 1 September 2021 and 31 August 2022 |
2,190 |
| Depreciation At 1 September 2021 Charge for the year |
2,177 13 |
| At 31 August 2022 | 2,190 |
| Carrying amount |
|
| At 31 August 2022 | |
| At 31 August 2021 |
| Investments (neither listed nor unlisted) were as follo |
ws: |
|---|---|
| Other | |
| investments | |
| Cost or valuation | |
| At 1 September 2021 |
20,000 |
| Additions | |
| At 31 August 2022 | 20,000 |
| Carrying amount At 31 August 2022 |
20,000 |
| At 31 August 2021 | 20,000 |
| All investment | s sh |
own abo | ve are held at valuation. | |||
|---|---|---|---|---|---|---|
| 15. | Debtors | |||||
| 2022 | 2021 | |||||
| E | ||||||
| Prepayments | and | accrued | income | 11,365 | 1,234 |
| 16. | Creditors: amou | nts |
falling due within one year | ||
|---|---|---|---|---|---|
| 2022 | 2021 | ||||
| Trade creditors | 10,547 | 577 | |||
| Accruals and deferred | income | 18,003 | 730 | ||
| Social security and other taxes | 7,010 | 358 | |||
| 35,560 | 1,665 | ||||
| 17. | Deferred income | ||||
| 2022 f |
2021 | ||||
| Amount deferred |
in year | 17,417 |
| Restricted funds | |||||
|---|---|---|---|---|---|
| Balance | Balance | ||||
| brought | Fund | carried | |||
| forward 2021 | income | Expenditure | Transfers | forward 2022 | |
| F | |||||
| Grow Stonehouse | 4,246 | (1,500) | 2,746 | ||
| Millfields Inspired |
|||||
| Community Support fflnspireme |
1,607 12,296 |
2,000 | (500) | 3,107 12,296 |
|
| Immersive Theatre |
|||||
| Project The Prom Shop Storytelling Circle |
9,820 420 |
600 5,000 |
1,500 (1,500) |
8,320 1,020 6,500 |
|
| Total | 28,389 | 7,600 | (2,000) | 33,989 | |
| Unrestricted funds |
|||||
| Balance | Balance | ||||
| brought | Fund | carried | |||
| forward 2021 | Income | Expenditure | transfers | forward 2022 | |
| General fund |
35,673 | 66,520 | (59,206) | 534 | 42,452 |
| Staff Contingency Reserve |
27,000 | 27,000 | |||
| Community Engagement Grant Innovation Reserve |
1,066 7,375 |
850 | (2,009) | (534) | 441 7,375 |
| Revaluation Reserve |
15,000 | 15,000 | |||
| Total | 86,114 | 67,370 | (61,215) | 92,268 |
| Balance | Balance | |||||
|---|---|---|---|---|---|---|
| brought | Fund | carried | ||||
| forward 2020 F |
Income | Expenditure | Transfersf | forward 2021 | ||
| Grow Stonehouse | 4,271 | (25) | 4,246 | |||
| Millfields Inspired |
||||||
| Community | Support | 4,907 | (300) | (3,000) | 1,607 | |
| Olnspireme | 11,207 | 1,112 | (23) | 12,296 | ||
| lmmersive Theatre |
||||||
| Project | 3,500 | 2,600 | (3,480) | 7,200 | 9,820 | |
| The Prom Shop | 420 | 420 | ||||
| Storytelling | Circle | 5,000 | (1,500) | 6,500 | ||
| Total | 23,885 | 4,132 | (3,828) | 4,200 | 28,389 | |
| Unrestricted | funds | |||||
| Balance | Balance | |||||
| brought | Fund | carried | ||||
| forward 2020 | Income | Expendituref | Transfers | forward 2021 | ||
| General fund |
21,891 | 73,648 | (55,083) | (4,783) | 35,673 | |
| Staff Contingency | ||||||
| Reserve | 2?,000 | 27,000 | ||||
| Community | ||||||
| Engagement | Grant | 617 | (134) | 583 | 1,066 | |
| Innovation Reserve |
7,375 | 7,375 | ||||
| Revaluation | Reserve | 15,000 | 15,000 | |||
| General fund | ||||||
| Total | 71,883 | 73,648 | (55,217) | (4,200) | 86,114 |
| Analysis of net as | sets between funds | |||
|---|---|---|---|---|
| Unrestricted | Restricted | Total Funds | ||
| Funds | Funds | 2022 | ||
| E | ||||
| Tangible fixed assets | ||||
| Investments | 20,000 | 20,000 | ||
| Current assets | 107,828 | 33,989 | 141,817 | |
| Creditors less than | 1 year | (35,560) | (35,560) | |
| Net assets | 92,268 | 33,989 | 126,257 | |
| Unrestricted | Restricted | Total Funds | ||
| Funds | Funds | 2021 | ||
| E | E | |||
| 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 |