COlV￿ANy REGISTRATION NUMBER: 09526703 CHARITY REGISTRATION NUMBER: 1162422 MILLY GIVEAWAY Company Limited by Guarantee Unydudited FIDaDcial Statements 31 Mareh 2024 COHEN ARNOLD Chartered accountants New Burlington House 1075 Finchley Road LONDON Nwii OPU MILL Y GIVEAWAY Company Limited by Guarantee Financial Statements Year ended 31 Mareh 2024 Pages Ito2 Trnstces, annual report (incorporating the director's report) Independent examiner's report to the ttwtees Statement of financial activities (including income and expenditure account) Statement of financial position Notes to the financial statements 6toll MILL Y GIVEAWAY Company Limited by Guarantee Trustees, Annual Report Oncoryorating the Director's Report) Year ended 31 Mareh 2024 The trustees, who are also the directors for the purposes of company law. present their report and th¢ unaudited financial stat¢m¢nt5 of the charity for the year ended 31 March 2024. Reference and adminis¢ra¢ive details Registered charlty name Charity regi8¢ration number Company registration number 09526703 Princlpal offlee And registered New Burlington Hous¢ 1075 Finchley Road London NWI I OPU MILLY GIVEAWAY 1162422 Th¢ trustsej E K Allen G S Edwards J Maunder Independent exydmlner David tioldberg, FCA DChA New Burlington House 1075 Finchley Road LONDON NWI I OPU Structureg governfdnce and management Leg41 Status Th¢ Charity was incorporated on 7 April 2015 and is governed by its Memorandum and Articles of A5SOCl7ltion. MaDagement The Charity is run by the trustees who all act in an honorary capacity. Rlsk m*nogement The trustees have identified and reviewed ihe major risks to which ihe charity is exposed. Both Manual and automated checks are regularly invoked, particularly those relating to the operntions and finance of the charity. The trustees are satisfied that these 5ysiems help reduce the exposure lo risks. Public B¢nefJt The Tn￿te¢S confirni their compliance with ihe duty to have due regard to the public benefit 8uidance published by the Charity Commission when reviewing the Charity'5 aim5 and objectives and in planning future activities. MILLY GIVEAWAY Company Limited by Guarantee Trnstees, Annual Report (Incorporaling the Director's Report) Year ended 31 March 2024 Objectives and aetivities The charity runs two projects: Milly Days We offer opportunities for those in need of some peace and living with difficultie5 day in and day oul a chance to recharge. It is often di(fi¢ult for those leading challenging lives to break away for even a sTnall amount of time. to relax redress the balance of life. W¢ would like to help with this. We invite them to spend the day with us enjoying the countyside and other recreationv41 activities. Our guests enjoy many activities from boat rid¢5, swimming. lawn eroquet, tenni& through to just relaxing for the afternoon by the river. Milly GlveawAy The charity provides food and essential item5 to food banks and shelters. Achlevements aDd perfornianee The charity has conlinud with both the activities of Milly Days and Milly Giveaway, as detailed above. FlnAnelal review As At 31 March 2024 the charity's unrestricted funds was in deficit by £3,827. SMAII company provisions This report has been prepared in Accordance with the provisions applicable to companies entitled to the small companies exemption. The trustees, annual report wa5 approved on 28 January 2025 and sign¢d on behalf of the board of trustees by.. EKAiIt TNst¢e MILL Y GIVEAWAY Company Limited by Guarantee Independent Examiner's Report to the Trustees of MILLY GIVEAWAY Yeydr ended 31 March 2024 I report to the trustees on my examinaiion of the financial statements of MILLY GIVEAWAY {'th¢ charity,) for the y¢ar ended 31 March 2024. Responsibilities and bajis of repor¢ The trU￿¢¢S are also the directors of the company for the putyoses of company law are responsible for the preparation of Ihe financial statements. The trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed. Independent examiDer'$ $t8tement I have completed my examinalion. I confimi that no matters have come to my attention in conn¢¢tion with the examination giving me Cause io believe: Accounting records were not kept in respecl of the charity as required by section 386 of th¢ 2006 Act. or the financial statements do not accord with ihos¢ records; or the financial statements do not comply with the &ccounlin8 requirem¢nLs of section 396 of the 2006 Act other than any requirement that the accounts give a 'true and fail view which is not a matter considered as part of an independent examination. or the financial slatem¢nls have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by ¢harili¢s applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). I have no concerns and have come across no other matters in connection with the examination lo whi¢h attention should be drawn in thi5 report in order lo enable a proper understsnding of the accounts to be reached. Davld Goldberg? FCA DChA Independent Examiner New Burlington House 1075 Finchley Road LONDON NWII OPU 28 Janu8ry 2025 MILLY GIVEAWAY Company Limited by Guarantee Statement of Financial Activities (including income and expenditure account) Year ended 31 March 2024 2024 2023 Unrestricted funds Totgl funds Total funds Note Income and endowments Donations and legacies Total iD¢ome 28,043 28,043 28,043 28,043 41.595 41.595 Expendlture Expenditure on charitable activities TotRI expendlture 40,708 40,708 30,190 40.708 40,708 30,190 Net (expenditureyincome And net movement in thnds (12.665) (12.665) 11,405 Re¢oD¢lliation of funds Total funds brought forward Total fund8 carried forward 8,838 8,838 (2,567) 8.838 (3.827) (3.827) The statement of financial activitie5 includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. The notes Pgou 6 to I I form part of these financial s*Atsments. MILLY GIVEAWAY Company Limited by Guarante¢ Statement of FinaDcial Position 31 March 2024 2024 2023 No¢¢ Flxed agsets Tangible fixed assets Current a88ets Cash at bank and in hand 12 467 3,793 7,620 (3,827) (3,827) (3.827) 15,091 Creditors: amoun¢s falling due wlthin one year Net current IiYdbilitie8 13 6,720 8,371 Total assets less ¢urrent Ilabllitie8 8.838 Net (liabilities)lassets 8,838 Funds of the cbarity Unr¢stricted ￿ndS (3.827) (3,827) 8,838 8.838 Total charity funds 14 For the year ending 31 March 2024 Ihe charity was entitled to exemption from audit under s¢¢tion 477 of the CompRnies Act 2006 relatin8 to small companies. Directors, responsibilities: The members hav¢ not required the company to obtsin an audit of its financial slatemenls for the year in queslion in accordance with section 476. The directors acknowledge their responsibilities for complyin8 With the requirements of the Act with respect to 8c¢ounting records and the preparation of financial statements. These financial statements have been prepared in ￿cOrdance with the provisions applicable to companies subject lo the small companies, regime. These financial statements were approved by the board of trustees and authorised for issue on 28 January 2025. and are si8ned on behalf of the board by.. E K Allen Truslee The ots p•gts 6 to 11 form part of these financiAI ststements. MtLLY GIVEAWAY Company Limited by Guarantee Notes to the Financial Statements Year ended 31 March 2024 General inform*tio Th¢ charity is a public benefit entity and a private company limited by guaranttt. registered in England and Wales and & registered charity in England &nd Wales. The address of the regislered offi¢¢ is New Burlington Hous¢. 1075 Finchley Road, London, NW I I OPU. ststement of compliance These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard &ppli¢able in the UK and the Republic of Ireland,, the Staternent of Re¢ommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK und Republic of Ireland (FRS 102) (Chariiies SORP (FRS 102)) and the Compani¢s Act 2006. Accounting policies BASIS of preparntio The financial statements have been pr¢pared on the histori¢YAI cost basis, as modified by the revaluation of certain financial ￿set$ and liabilities and investment properties measured at fair value through income or expenditure. The financial statements are pr¢par¢d in sterlin8. which is the functional currency of the entity. Going concern Ther¢ are no material uncertainties about the charity's ability to continue. Disclosure exernptiony The entity satisfies the criteria of being a qualifying entity as defined in FRS 102. No ¢ash flow statement h85 be¢n presented for the charity. Judgements and key source8 of e8timA¢ion uneertalnty There are no judgements, estimates and assumptions that affect the amounts reported. Fund a¢¢ounting General unrestricted funds comprise th¢ accumulated surplus or deficit on income and expendilur¢ account. They are available for use at the discretion of the Trustees in furtherance of the general obj¢ctives of the Charity. Restricted funds 8r¢ fund% subject to specific restricted conditions impos¢d by donors. Th¢r¢ are no restricted funds as at the Balance Sh¢¢t date. tk5ign&ted funds are funds which have been set aside at the discretion of the Trust¢es for specific purposes. There are no designat￿ funds as at the Balance Sheet date. MILL Y GIVEAWAY Company Limited by Guarantee Notes to the Financial Statements (coRllnue41 Year ended 31 March 2024 Aceouo¢ing policies Incoming resources All incoming resou￿¢$ are included in the statement of financial activities when entitlement has passed to the charity. it is prob&ble that the economic benefits associated with the transaction will tlow lo the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income- income from donations or grants is recogni5ed when there is evidence of entitlement to the gift, receipt is probable And its amount Can be measured reliably. legacy income is recognised when receipt is probable and entitlement is established. income from donated goods is measured at the fair value of the goods unless ihis is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resal¢ value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measur¢d. No amounts are included for Ihe ¢ontribulion of general volunteer5. income from contracts for the supply of services is recognised with the delivery of the contr&cted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded 8$ re5tricled. R¢source9 expended Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannoi be fully recovered, and is classified under headings of the ststement of firtancial activities to which it relates: expenditure on raising funds includes the costs of all fundraising activities. events, non-charitable trading activities. and the sale of donated goods. expenditure on charitable activities includes all costs incurred by a charity in undertaking Activities that further its charitable aims for the benefit of its beneficiaries, including those support Costs and costs relating to the 8overnance of the charity apportioned to charitable activities. other expenditur¢ includes all expenditure ihat is neither related to raising funds for the charity nor part of its expenditure on charitable activities. All costs are allocated io expenditure categories r¢flectin8 th¢ use of the resource. Dired ¢osts attribulllble to a singl¢ a¢tivity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis. Tangible assets Tangible assets are initially recorded at cost. and subsequently slated at cost le55 any a¢cumulated depreciation and impairnient losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequenl accumulated impairment losses. MILLY GIVEAWAY Company Limited by Guarantee Notes to the Financial Slat¢mentS (condwed) Year ended 31 March 2024 Accounting policies (cou￿￿#t￿} DepreclAtlon Depreciation is calculat¢d so as to write off the cost or valuation of an asse¢ less its ￿sid￿a valu4 over the useful economic life of that assel as follows.. Equipment 330/0 Straight line Website 250/0 Straight line Flnaneial instruments A financial assel or a financial liability is recognised only when the entity becomes a party lo the contractual provisions of ih¢ instrument. Basic financial instruments ar¢ initially recognised at the amount receivable or payable including any related transaction costs, unless the &rrangement conslitutes a financing transaction. wher¢ it is recognised at the presenl value of the future payments discounted at A market rnte of interest for a similar debt instrum¢nt. Curreni assets and current liabilities #re subsequently measured at lh¢ cash or other considcrati¢)n expected to k paid or received and not discounted. Llmited by guarantee The chariry is a company limiled by guarantee and has no sharc capitsl. The liability of each trustee in the event of windin8 up is limited to £1. Donatlollg And legacies Unrestricted Total Fund8 Unrestricted Total Funds Funds 2024 Funds 2023 Donationy Donation5 28,043 28,1)43 41.595 41,595 Expendlture on charitsblp a¢tivities by fund type Unrestricted Total Funds Unrestricted Total Funds Funds 2(124 Funds 2023 Recreational days and giveaway activities Support Costs 35.981 4,727 40,708 35.981 4.727 26,004 4.186 26.004 4.186 30,190 40.708 30.190 MILL Y GIVEAWAY Company Limited by Guarante¢ Notes to the Financial Statements f¢MtiffuÉd) Year ended 31 March 2024 Expellditure on charitable activities by aeilvity type Activities undertaken directly Support costs Total funds 2024 Total fund 2023 Recreational days and giveaway activities Governance costs 35,981 467 4,260 36,448 4,260 26.470 3.720 35.981 4.727 40,708 30,190 Ne¢ (expenditure)Iln¢ome Nel (expenditureyincome is stated after charginW(¢r¢diting): 2024 2023 Depreciation of iangible fixed assets 467 466 IDdependeDt exAminAilon fees 2024 2023 Fees payable to the independent ¢x8miner for.. Independent examination of the financial statements 3,360 3.000 10, Sts(f eosts The average head count of employees during the year was Nil {2023: Nil). No employee received employ¢e benefits of more than £60.000 during the year (2023: Nil). 11. Trustee remunerAtlon And expenses There was no remuneration paid to the trustees. The charity did not meet any individu81 expenses incurred by the tNstees for services provided to the charity. MILLY GIVEAWAY Company Limiled by Guarantee Notes to the Financial Statements feoNiin4e4) Year ended 31 March 2024 12. Tangible fixed assets Equipment Website Tolal Cost At l Aprll 2023 and 31 Marth 2024 Depreciation At l April 2023 Charge for the year At 31 March 2024 1,399 8,866 10.265 932 467 8,866 9.798 467 1.399 8.866 10.265 Carrying amount A¢ 31 MArch 2024 At 31 March 2023 467 467 13. Credltors: amounts falling due wl¢hin one year 2024 2023 Accnthls and deferred income 7.620 6.720 14. Analysis of ¢h4rltsble funds UnreJ¢rlc¢¢d funds At ApTiI 2023 At 31 March 2024 Income Expenditure General funds 8,838 28.043 (40,708) (3.827) At l April 2022 At 31 March 2023 In¢om¢ Expenditure G¢neral fund5 (2,567) 41.595 (30,190) 8.838 io- MILLY GIVEAWAY Company Limited by Guarantee Notes to the FiDYdncial Slatements fcondffmed) Year ended 31 March 2024 15. Analysis of net assets betsyeell fund8 Unrestricted Total Funds Funds 2024 Tangible fixed assets cU￿ent assets C￿dItorS less than l year Nel IiAbilltks 3,793 (7,620) (3,827) 3.793 (7,620) (3.827) Unrestricted Total Funds Funds 2023 Tangible fixed assets Curr¢nt asset5 Creditor5 less than l year Net liabilitlt8 467 15.091 (6.720) 8,838 467 15,091 (6,720) 8.838 16, Related PArti During the year £27.500 of donations were received from a trustee of the charity.