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|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||||
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|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)|
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||||||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|
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|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|
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|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|
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|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|
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|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|
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|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|
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|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|
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|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||
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|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|
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|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||
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|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|
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|||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|
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|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|