```
REGISTERED CHARITY NUMBER: 1184163
```
## **`Report of the Trustees and`**
```
Financial Statements for the Year Ended 31 March 2025
```
```
for
```
```
Woodbridge Tide Mill Charitable Trust
```
```
Knights Lowe Ltd
Chartered Accountants
Crane Court
302 London Road
Ipswich
Suffolk
IP2 0AJ
```
```
Woodbridge Tide Mill Charitable Trust
```
## **`Contents of the Financial Statements for the Year Ended 31 March 2025`**
||**`Page`**|
|---|---|
|**`Chairman's Report`**|`1`|
|**`Report of the Trustees`**|`2 to 3`|
|**`Independent Examiner's Report`**|`4`|
|**`Statement of Financial Activities`**|`5`|
|**`Statement of Financial Position`**|`6`|
|**`Notes to the Financial Statements`**|`7 to 13`|
|**`Detailed Statement of Financial Activities`**|`14 to 15`|
## **`Woodbridge Tide Mill Charitable Trust`**
## **`Chairman's Report`**
## **`for the Year Ended 31 March 2025`**
```
The year has been one characterised by repair and renewal alongside new initiatives for a digital age.
```
```
Twomajorrepairprojectshappenedintheyear.First,thebaseoftheHurstFramewhichismadeupoflarge oak
beamswhichsupporttheMill'smachinery,hadthelowerpartofeachbeamremovedandreplacedby concrete
blocks.Thisisbecausetheincreasingheightoftidesrisksrottingthebeams.Itwasalongprojectwith unexpected
delayscausedby the tidesandwinterweather.The Trusteesare very gratefulfor the workof the millingand bagging
teamsled by CarolinePeeke andIanGraywhoworkedlonghoursto buildflourstockto coverthe lossof production
whilsttherepairtookplace.WearealsogratefultoEastSuffolkCouncilandtheNationalLotteryHeritageFund for
grants to enable this work to take place.
```
```
Thesecondrepairwasneededwhenthe5-tonneoakwheelcameoffoneofitssupports.Ittookalongtimefor the
maintenanceteamtodiagnosethecauseanddevelopaplanforrepair- adelicateoperation.Theneedfornew oak
teethandpaddleswasidentifiedas partof therepairproject.TheTrusteesthanktheMaintenanceTeamledby Rick
ChapmanfortheirworkandtheSocietyfortheProtectionofAncientBuildings,MuseumsDevelopmentSouth East
and East SuffolkCouncilfor grantsthat supportedthe repair.Ian Jacob playeda major role in sourcingthe sustainable
oak needed for the new teeth and paddle boards.
```
```
Lookingforward,theTrusteeshavea strategyforopeningtheMillto thosewhocannotvisitallthefloorsbecause of
disabilityorwhoaretoofarawaytovisitatall.Wehavebeensuccessfulinmovingthisstrategyforwardwith two
projects.First,we arenowontheBloomburgConnectplatformwhichallows,usinga smartphoneAPP,thepublic to
view the locationand historyof the Mill togetherwith curatedvideosof how the Mill works.We joinmajor museums
from all over the world with this wonderful capability and we hope to develop it further with Bloomburg's help.
```
```
The secondproject,supportedby a grantfrom SuffolkCountyCouncil,will createa 3D walk throughthe Mill,floor by
floor, stoppingat key points to see the machinerywork. The video and audio experiencewill be availablefor visitors to
theMilltoviewontabletsaswellastothosewhocannotvisittheMill.Thiswillhelpwithschoolvisits, disabled
visitors and those interested in the Mill's history, water milling and our renewable energy story all over the world.
```
```
The Trustees are very gratefulto volunteerSimon Ballardwho has done so much to make these two outreach projects
happen.
```
```
The Mill'sflourproductionhas been maintainedthroughoutthe year not onlydespitethe interruptionI have covered
alreadybut also by the need to find a new grainsource.After a long trawl by Ian Jacob a new supplierwas found who
isbasednottoofarawayinSuffolk.Theverdictbyusersofflourproducedfromthenewgrainhasbeen very
favourable.
```
```
ThefrontofhouseteamledbySteveMolyneauxhaskepttheMillopenandwelcometovisitorsthroughout the
seasonandit'sgratifyingtoseetheverypositivecommentsleftbyvisitorsofallagesabouttheMillitself and
members of the team they met whilst visiting.
```
```
ThisismylastreportasChairofTrusteesaftereightyears.IthasbeenanhonourtobepartoftheMillteamas we
facedthechallengesofCovid,running,maintainingandpreservinga230-year-oldWoodbridgeiconandusing 21st
century digital technology to bring the Mill alive to new audiences.
```
```
J C Carrington, Chair of Trustees
```
```
Page 1
```
```
Woodbridge Tide Mill Charitable Trust
```
## **`Report of the Trustees for the Year Ended 31 March 2025`**
```
Thetrusteespresenttheirreportwiththefinancialstatementsof thecharityfortheyearended31 March2025. The
trusteeshaveadoptedthe provisionsof AccountingandReportingby Charities:Statementof Recommended Practice
applicableto charitiespreparingtheiraccountsin accordancewiththe FinancialReportingStandardapplicablein the
UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
```
## **`OBJECTIVES AND ACTIVITIES`**
## **`Objectives`**
```
To preserveand protectthe buildingknownas the Tide Mill for the benefitof the publicand primarilythe inhabitants
ofWoodbridgeinthecountyofSuffolkasabuildingofhistoricalandarchitecturalinterestandofhistorical and
technicalimportance,andtomaintainamuseumofsocialandculturalhistory,retainedfortheeducationof the
present and future generationsand to providefacilitiesavailableto the inhabitantsof Woodbridgeand to members of
thepublicatlargeforrecreationorotherleisure-timeoccupationintheinterestsof socialwelfarewiththeobject of
improving the conditions of life for the persons for whom the facilities are primarily intended.
```
## **`FINANCIAL REVIEW`**
## **`Financial report`**
```
Netincomingresourcesamountedto£6,792(2024: £462incoming),andthecharity'sfundshaverisento £129,326.
Full detailsof the financialpositionare shown in the accounts.The trusteesare of the opinionthat the charity's assets
are available and adequate to fulfil any and all of its obligations.
```
## **`Investment policy and objectives`**
```
Surplusfundsnotrequiredforworkingpurposesareinvestedininterestbearingaccountswhichare regularly
reviewed.
```
## **`Funds and reserves`**
```
Attheendoftheperiodthecharityhadunrestrictedgeneralfundsof£50,000andarestrictedpreservation repair
fundof£79,326.Thetrusteesregularlyreviewtheavailablereserves,andtheleveltakesintoaccount expected
monthlyexpenditure,existingcommitmentsandfuturecapitalcommitmentscommensuratewithaGrade1 listed
building.
```
## **`STRUCTURE, GOVERNANCE AND MANAGEMENT`**
## **`Structure, Governance and Management`**
```
WoodbridgeTideMillCharitableTrustisgovernedbytheconstitutionof28June2019whichcreatedthe charitable
incorporated organisation.
```
```
WoodbridgeTownCouncilisthecustodiantrusteeofthebuildinginaccordancewiththePublicTrusteeAct 1906.
Members of the managing committee are the charity trustees as defined within the meaning of the Charities Act 2011.
```
## **`The Managing Committee`**
```
The governingdocumentprovidesfor the managingcommitteeto be responsiblefor the Tide Millin accordance with
theobjectivesandadministrativeclausessetoutinthegoverningdocument.Alltrusteesarevolunteersand receive
no remuneration from the charity in pursuance of their duties as trustees.
```
## **`Risk management`**
```
Thetrusteeshaveadutytoidentifyandreviewtheriskstowhichthecharityisexposedandtoensure appropriate
controlsareinplacetoprovidereasonableassuranceagainstfraudanderror.Thetrusteeshavereviewedthe major
riskstothecharity.TheonlyareaofconcernisfuturemajoritemsofmaintenancecostsassociatedwithaGrade 1
listed230yearoldbuildingofthenatureanditsrelatedmachinery.Accordinglythetrusteeshaveestablished a
restricted preservation repair fund to allow available monies to be put to one side each year to build a 'sinking fund'.
```
## **`REFERENCE AND ADMINISTRATIVE DETAILS`**
## **`Registered Charity number`**
```
1184163
```
```
Page 2
```
```
Woodbridge Tide Mill Charitable Trust
```
## **`Report of the Trustees for the Year Ended 31 March 2025`**
## **`Principal address`**
```
Woodbridge Tide Mill
Tide Mill Quay
Woodbridge
Suffolk
IP12 1BY
```
## **`Trustees`**
```
G E Holdcroft
J C Carrington -Chairman
F J Hale (appointed 30.9.24) (resigned 6.5.25)
P Gillard (resigned 5.8.24)
Mrs E A De Margary -Treasurer (resigned 11.10.24)
I Mckechnie (resigned 1.10.24)
M J Sutton
Lady V Jessel
M Ryan
I Jacob -Vice Chairman
Mrs C Peeke
J Raithatha (appointed 10.1.25)
R Saunders (appointed 26.7.24)
```
## **`Independent Examiner`**
```
M J Mortimer FCA FCCA
Knights Lowe Ltd
Chartered Accountants
Crane Court
302 London Road
Ipswich
Suffolk
IP2 0AJ
```
```
Approved by order of the board of trustees on ............................................. and signed on its behalf by:
```
```
........................................................................
J C Carrington - Trustee
```
```
Page 3
```
## **`Independent Examiner's Report to the Trustees of Woodbridge Tide Mill Charitable Trust`**
## **`Independent examiner's report to the trustees of Woodbridge Tide Mill Charitable Trust`**
```
I report to the charitytrustees on my examinationof the accountsof WoodbridgeTide Mill CharitableTrust (the Trust)
for the year ended 31 March 2025.
```
## **`Responsibilities and basis of report`**
```
AsthecharitytrusteesoftheTrustyouareresponsibleforthepreparationoftheaccountsinaccordancewith the
requirements of the Charities Act 2011 ('the Act').
```
```
I reportin respectof my examinationof the Trust'saccountscarriedoutunderSection145 of the Act andin carrying
out my examinationI have followedall applicableDirectionsgiven by the CharityCommissionunderSection 145(5)(b)
of the Act.
```
## **`Independent examiner's statement`**
```
I havecompletedmyexamination.I confirmthatnomaterialmattershavecometomyattentioninconnection with
the examination giving me cause to believe that in any material respect:
```
`1. accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or`
`2. the accounts do not accord with those records; or`
`3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.`
```
Ihavenoconcernsandhavecomeacrossnoothermattersinconnectionwiththeexaminationtowhich attention
should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
```
```
M J Mortimer FCA FCCA
```
```
Knights Lowe Ltd
Chartered Accountants
Crane Court
302 London Road
Ipswich
IP2 0AJ
```
```
Date: .............................................
```
```
Page 4
```
## **`Woodbridge Tide Mill Charitable Trust`**
## **`Statement of Financial Activities`**
## **`for the Year Ended 31 March 2025`**
|`Unrestricted`
`funds`
`Notes`
`£`
**`INCOME AND ENDOWMENTS FROM`**
`Donations and legacies`
`2`
**`21,273`**
**`Charitable activities`**
`5`
`Operation of Tide Mill`
**`-`**
`Other trading activities`
`3`
**`56,083`**
`Investment income`
`4`
**`1,480`**
`Other income`
**`-`**
**`Total`**
**`78,836`**
**`EXPENDITURE ON`**
`Raising funds`
**`12,295`**
**`Charitable activities`**
`Operation of Tide Mill`
**`59,749`**
**`Total`**
**`72,044`**
**`NET INCOME`**
**`6,792`**
**`Transfers between funds`**
`12`
**`(6,792)`**
**`Net movement in funds`**
**`-`**
**`RECONCILIATION OF FUNDS`**
`Total funds brought forward`
**`50,000`**
**`TOTAL FUNDS CARRIED FORWARD`**
**`50,000`**|`Restricted`
`funds`
`£`
**`20,683`**
**`-`**
**`-`**
**`-`**
**`-`**
**`20,683`**
**`-`**
**`20,683`**
**`20,683`**
**`-`**
**`6,792`**
**`6,792`**
**`72,534`**
**`79,326`**|**`2025`**
**`Total`**
**`funds`**
**`£`**
**`41,956`**
**`-`**
**`56,083`**
**`1,480`**
**`-`**
**`99,519`**
**`12,295`**
**`80,432`**
**`92,727`**
**`6,792`**
**`-`**
**`6,792`**
**`122,534`**
**`129,326`**|`2024`
`Total`
`funds`
`£`
`23,791`
`650`
`53,760`
`1,253`
`67`|
|---|---|---|---|
||||`79,521`|
||||`11,715`
`67,344`|
||||`79,059`|
||||`462`
`-`|
||||`462`
`122,072`|
||||`122,534`|
```
The notes form part of these financial statements
```
```
Page 5
```
## **`Woodbridge Tide Mill Charitable Trust`**
## **`Statement of Financial Position`**
## **`31 March 2025`**
|`Unrestricted`
`funds`
`Notes`
`£`
**`FIXED ASSETS`**
`Tangible assets`
`8`
**`1,256`**
**`CURRENT ASSETS`**
`Stocks`
`9`
**`2,730`**
`Debtors`
`10`
**`2,642`**
`Cash at bank and in hand`
**`52,659`**
**`58,031`**
**`CREDITORS`**
`Amounts falling due within one year`
`11`
**`(9,287)`**
**`NET CURRENT ASSETS`**
**`48,744`**
**`TOTAL ASSETS LESS CURRENT LIABILITIES`**
**`50,000`**
**`NET ASSETS`**
**`50,000`**
**`FUNDS`**
`12`
`Unrestricted funds`
`Restricted funds`
**`TOTAL FUNDS`**|`Restricted`
`funds`
`£`
**`-`**
**`-`**
**`-`**
**`80,370`**
**`80,370`**
**`(1,044)`**
**`79,326`**
**`79,326`**
**`79,326`**|**`2025`**
**`Total`**
**`funds`**
**`£`**
**`1,256`**
**`2,730`**
**`2,642`**
**`133,029`**
**`138,401`**
**`(10,331)`**
**`128,070`**
**`129,326`**
**`129,326`**
**`50,000`**
**`79,326`**
**`129,326`**|`2024`
`Total`
`funds`
`£`
`2,638`
`1,913`
`1,576`
`119,197`
`122,686`
`(2,790)`
`119,896`
`122,534`
`122,534`
`50,000`
`72,534`
`122,534`|
|---|---|---|---|
```
ThefinancialstatementswereapprovedbytheBoardofTrusteesandauthorisedforissue on
............................................. and were signed on its behalf by:
```
```
.............................................
J C Carrington - Trustee
```
```
The notes form part of these financial statements
```
```
Page 6
```
```
Woodbridge Tide Mill Charitable Trust
```
## **`Notes to the Financial Statements for the Year Ended 31 March 2025`**
## **`1. ACCOUNTING POLICIES`**
## **`Basis of preparing the financial statements`**
```
Thefinancialstatementsof thecharity,whichis a publicbenefitentityunderFRS 102,havebeenprepared in
accordancewiththeCharitiesSORP(FRS102)'AccountingandReportingbyCharities:Statement of
RecommendedPracticeapplicabletocharitiespreparingtheiraccountsinaccordancewiththe Financial
ReportingStandardapplicablein the UK and Republicof Ireland(FRS 102) (effective1 January2019)', Financial
ReportingStandard102 'The FinancialReportingStandardapplicablein the UK and Republicof Ireland'and the
Charities Act 2011. The financial statements have been prepared under the historical cost convention.
```
## **`Income`**
```
All incomeis recognisedin the Statementof FinancialActivitiesoncethe charityhasentitlementto the funds,
it is probable that the income will be received and the amount can be measured reliably.
```
## **`Expenditure`**
```
Liabilitiesarerecognisedasexpenditureassoonasthereisalegalorconstructiveobligationcommitting the
charitytothatexpenditure,itisprobablethatatransferofeconomicbenefitswillberequiredin settlement
andtheamountof theobligationcanbe measuredreliably.Expenditureis accountedforonanaccruals basis
andhas been classifiedunderheadingsthataggregateall costrelatedto the category.Wherecostscannot be
directlyattributedtoparticularheadingstheyhavebeenallocatedtoactivitiesonabasisconsistentwith the
use of resources.
```
## **`Tangible fixed assets`**
```
Depreciationis providedat the followingannualrates in orderto write off each asset over its estimated useful
life.
```
```
Plant and machinery- 15% on reducing balance
Fixtures and fittings- 20% on reducing balance
Computer equipment- 33% on cost
```
## **`Stocks`**
```
Stocksarevaluedatthelowerofcostandnetrealisablevalue,aftermakingdueallowanceforobsolete and
slow moving items.
```
## **`Taxation`**
```
The charity is exempt from tax on its charitable activities.
```
## **`Fund accounting`**
```
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
```
```
Restrictedfundscanonlybeusedforparticularrestrictedpurposeswithintheobjectsofthe charity.
Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
```
```
Furtherexplanationofthenatureandpurposeofeachfundisincludedinthenotestothe financial
statements.
```
```
continued...
```
```
Page 7
```
```
Woodbridge Tide Mill Charitable Trust
```
## **`Notes to the Financial Statements - continued`**
## **`for the Year Ended 31 March 2025`**
|**`2.`**
**`DONATIONS AND LEGACIES`**
`Donations`
`Gift aid`
`Grants`
`Woodbridge Town Council`
`Subscriptions - friends`
`Hire of Tide Mill`
`Norfolk County Council`
`Advertising`
`Grants received, included in the above, are as follows:`
`Other grants`
**`3.`**
**`OTHER TRADING ACTIVITIES`**
`Fundraising events`
`Admissions`
`Sales`
**`4.`**
**`INVESTMENT INCOME`**
`Deposit account interest`|**`2025`**
**`£`**
**`3,629`**
**`3,406`**
**`20,683`**
**`5,250`**
**`3,593`**
**`2,595`**
**`-`**
**`2,800`**
**`41,956`**
**`2025`**
**`£`**
**`20,683`**
**`2025`**
**`£`**
**`50`**
**`33,852`**
**`22,181`**
**`56,083`**
**`2025`**
**`£`**
**`1,480`**|`2024`
`£`
`2,007`
`3,827`
`-`
`8,500`
`2,452`
`4,005`
`3,000`
`-`|
|---|---|---|
|||`23,791`|
|||`2024`
`£`
`-`|
|||`2024`
`£`
`2`
`30,576`
`23,182`|
|||`53,760`|
|||`2024`
`£`
`1,253`|
```
continued...
```
```
Page 8
```
```
Woodbridge Tide Mill Charitable Trust
```
## **`Notes to the Financial Statements - continued`**
## **`for the Year Ended 31 March 2025`**
## **`5. INCOME FROM CHARITABLE ACTIVITIES`**
|||**`2025`**||`2024`|
|---|---|---|---|---|
||`Activity`|**`£`**||`£`|
|`Government and other`|||||
|`grants`|`Operation of Tide Mill`||**`-`**|`650`|
## **`6. TRUSTEES' REMUNERATION AND BENEFITS`**
```
Therewerenotrustees'remunerationorotherbenefitsfortheyearended31March2025norforthe year
ended 31 March 2024.
```
## **`Trustees' expenses`**
```
Therewerenotrustees'expensespaidfortheyearended31March2025norfortheyear ended
31 March 2024.
```
## **`7. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES`**
|`Unrestricted`
`funds`
`£`
**`INCOME AND ENDOWMENTS FROM`**
`Donations and legacies`
`23,791`
**`Charitable activities`**
`Operation of Tide Mill`
`650`
`Other trading activities`
`53,760`
`Investment income`
`1,253`
`Other income`
`67`
**`Total`**
`79,521`
**`EXPENDITURE ON`**
`Raising funds`
`11,715`
**`Charitable activities`**
`Operation of Tide Mill`
`67,344`
**`Total`**
`79,059`
**`NET INCOME`**
`462`
**`Transfers between funds`**
`(462)`
**`Net movement in funds`**
`-`
**`RECONCILIATION OF FUNDS`**
`Total funds brought forward`
`50,000`
**`TOTAL FUNDS CARRIED FORWARD`**
`50,000`|`Restricted`
`funds`
`£`
`-`
`-`
`-`
`-`
`-`
`-`
`-`
`-`
`-`
`-`
`462`
`462`
`72,072`
`72,534`|`Total`
`funds`
`£`
`23,791`
`650`
`53,760`
`1,253`
`67`|
|---|---|---|
|||`79,521`|
|||`11,715`
`67,344`|
|||`79,059`|
|||`462`
`-`|
|||`462`
`122,072`|
|||`122,534`|
```
continued...
```
```
Page 9
```
```
Woodbridge Tide Mill Charitable Trust
```
## **`Notes to the Financial Statements - continued`**
## **`for the Year Ended 31 March 2025`**
## **`8. TANGIBLE FIXED ASSETS`**
|`Fixtures`
`Plant and`
`and`
`Computer`
`machinery`
`fittings`
`equipment`
`£`
`£`
`£`
**`COST`**
`At 1 April 2024`
**`151`**
**`139`**
**`6,504`**
`Additions`
**`-`**
**`-`**
**`220`**
`At 31 March 2025`
**`151`**
**`139`**
**`6,724`**
**`DEPRECIATION`**
`At 1 April 2024`
**`92`**
**`98`**
**`3,966`**
`Charge for year`
**`9`**
**`8`**
**`1,585`**
`At 31 March 2025`
**`101`**
**`106`**
**`5,551`**
**`NET BOOK VALUE`**
`At 31 March 2025`
**`50`**
**`33`**
**`1,173`**
`At 31 March 2024`
`59`
`41`
`2,538`
**`9.`**
**`STOCKS`**
**`2025`**
**`£`**
`Stocks`
**`2,730`**
**`10.`**
**`DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR`**
**`2025`**
**`£`**
`Trade debtors`
**`2,642`**
**`11.`**
**`CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR`**
**`2025`**
**`£`**
`Trade creditors`
**`7,627`**
`Taxation and social security`
**`249`**
`Other creditors`
**`2,455`**
**`10,331`**||`Totals`
`£`
**`6,794`**
**`220`**|
|---|---|---|
|||**`7,014`**|
|||**`4,156`**
**`1,602`**|
|||**`5,758`**|
|||**`1,256`**|
|||`2,638`|
|||`2024`
`£`
`1,913`|
|||`2024`
`£`
`1,576`|
|||`2024`
`£`
`1,353`
`293`
`1,144`|
|||`2,790`|
```
continued...
```
```
Page 10
```
```
Woodbridge Tide Mill Charitable Trust
```
## **`Notes to the Financial Statements - continued`**
## **`for the Year Ended 31 March 2025`**
## **`12. MOVEMENT IN FUNDS`**
|**`Unrestricted funds`**
`General fund`
**`Restricted funds`**
`Preservation repair fund`
**`TOTAL FUNDS`**
`Net movement in funds, included in the above are a`
**`Unrestricted funds`**
`General fund`
**`Restricted funds`**
`Renovation project`
**`TOTAL FUNDS`**
**`Comparatives for movement in funds`**
**`Unrestricted funds`**
`General fund`
**`Restricted funds`**
`Preservation repair fund`
**`TOTAL FUNDS`**|`At 1.4.24`
`£`
**`50,000`**
**`72,534`**
**`122,534`**
`s follows:`
`At 1.4.23`
`£`
`50,000`
`72,072`
`122,072`|`Net`
`movement`
`in funds`
`£`
**`6,792`**
**`-`**
**`6,792`**
`Incoming`
`resources`
`£`
**`78,836`**
**`20,683`**
**`99,519`**
`Net`
`movement`
`in funds`
`£`
`462`
`-`
`462`|`Transfers`
`between`
`At`
`funds`
`31.3.25`
`£`
`£`
**`(6,792)`**
**`50,000`**
**`6,792`**
**`79,326`**
**`-`**
**`129,326`**
`Resources`
`Movement`
`expended`
`in funds`
`£`
`£`
**`(72,044)`**
**`6,792`**
**`(20,683)`**
**`-`**
**`(92,727)`**
**`6,792`**
`Transfers`
`between`
`At`
`funds`
`31.3.24`
`£`
`£`
`(462)`
`50,000`
`462`
`72,534`
`-`
`122,534`|
|---|---|---|---|
```
continued...
```
```
Page 11
```
```
Woodbridge Tide Mill Charitable Trust
```
## **`Notes to the Financial Statements - continued`**
## **`for the Year Ended 31 March 2025`**
## **`12. MOVEMENT IN FUNDS - continued`**
```
Comparative net movement in funds, included in the above are as follows:
```
||`Incoming`|`Resources`|`Movement`|
|---|---|---|---|
||`resources`|`expended`|`in funds`|
||`£`|`£`|`£`|
|**`Unrestricted funds`**||||
|`General fund`|`79,521`|`(79,059)`|`462`|
|**`TOTAL FUNDS`**|`79,521`|`(79,059)`|`462`|
```
A current year 12 months and prior year 12 months combined position is as follows:
```
|**`Unrestricted funds`**
`General fund`
**`Restricted funds`**
`Preservation repair fund`
**`TOTAL FUNDS`**|`At 1.4.23`
`£`
`50,000`
`72,072`
`122,072`|`Net`
`movement`
`in funds`
`£`
`7,254`
`-`
`7,254`|`Transfers`
`between`
`funds`
`£`
`(7,254)`
`7,254`
`-`|`At`
`31.3.25`
`£`
`50,000`
`79,326`|
|---|---|---|---|---|
|||||`129,326`|
```
A currentyear12monthsandprioryear12monthscombinednetmovementinfunds,includedinthe above
are as follows:
```
||`Incoming`|`Resources`|`Movement`|
|---|---|---|---|
||`resources`|`expended`|`in funds`|
||`£`|`£`|`£`|
|**`Unrestricted funds`**||||
|`General fund`|`158,357`|`(151,103)`|`7,254`|
|**`Restricted funds`**||||
|`Renovation project`|`20,683`|`(20,683)`|`-`|
|**`TOTAL FUNDS`**|`179,040`|`(171,786)`|`7,254`|
```
continued...
```
```
Page 12
```
```
Woodbridge Tide Mill Charitable Trust
```
```
Notes to the Financial Statements - continued
for the Year Ended 31 March 2025
```
## **`13. RELATED PARTY DISCLOSURES`**
```
There were no related party transactions for the year ended 31 March 2025.
```
```
Page 13
```
```
Woodbridge Tide Mill Charitable Trust
```
## **`Detailed Statement of Financial Activities`**
## **`for the Year Ended 31 March 2025`**
|**`for the Year Ended 31`**|**`March 2025`**||
|---|---|---|
||`2025`|`2024`|
||`£`|`£`|
|**`INCOME AND ENDOWMENTS`**|||
|**`Donations and legacies`**|||
|`Donations`|**`3,629`**|`2,007`|
|`Gift aid`|**`3,406`**|`3,827`|
|`Grants`|**`20,683`**|`-`|
|`Woodbridge Town Council`|**`5,250`**|`8,500`|
|`Subscriptions - friends`|**`3,593`**|`2,452`|
|`Hire of Tide Mill`|**`2,595`**|`4,005`|
|`Norfolk County Council`|**`-`**|`3,000`|
|`Advertising`|**`2,800`**|`-`|
||**`41,956`**|`23,791`|
|**`Other trading activities`**|||
|`Fundraising events`|**`50`**|`2`|
|`Admissions`|**`33,852`**|`30,576`|
|`Sales`|**`22,181`**|`23,182`|
||**`56,083`**|`53,760`|
|**`Investment income`**|||
|`Deposit account interest`|**`1,480`**|`1,253`|
|**`Charitable activities`**|||
|`Government and other grants`|**`-`**|`650`|
|**`Other income`**|||
|`Gain on sale of tangible fixed assets`|**`-`**|`67`|
|**`Total incoming resources`**|**`99,519`**|`79,521`|
|**`EXPENDITURE`**|||
|**`Other trading activities`**|||
|`Opening stock`|**`1,913`**|`2,135`|
|`Purchases`|**`12,343`**|`9,496`|
|`Packaging`|**`769`**|`1,997`|
|`Closing stock`|**`(2,730)`**|`(1,913)`|
||**`12,295`**|`11,715`|
|**`Charitable activities`**|||
|`Insurance`|**`3,355`**|`3,537`|
|`Electricity and water`|**`3,305`**|`662`|
|`Postage and stationery`|**`108`**|`189`|
|`Carried forward`|**`6,768`**|`4,388`|
```
This page does not form part of the statutory financial statements
```
```
Page 14
```
## **`Woodbridge Tide Mill Charitable Trust`**
## **`Detailed Statement of Financial Activities`**
|**`Charitable activities`**
`Brought forward`
`Advertising`
`Maintenance and cleaning`
`Pest control & extinguishers`
`Wardens`
`Administration officers`
`Accountancy`
`Professional fees`
`Pension cost`
`Telephone`
`Learning & activities`
`Bank charges`
`Wages - Education`
`Curation costs`
`Sundry office expenses`
`Office machine costs`
`Depreciation - plant and machinery`
`Depreciation - fixtures and fittings`
`Depreciation - computer equipment`
`Total resources expended`
**`Net income`**|**`for the Year Ended 31 March 2025`**
`2025`
`2024`
`£`
`£`
**`6,768`**
`4,388`
**`2,358`**
`1,129`
**`32,308`**
`12,751`
**`2,120`**
`1,108`
**`23,539`**
`22,014`
**`6,038`**
`9,733`
**`1,140`**
`1,136`
**`356`**
`1,314`
**`55`**
`217`
**`715`**
`652`
**`1,339`**
`3,452`
**`573`**
`2,155`
**`-`**
`2,750`
**`153`**
`937`
**`1,215`**
`223`
**`153`**
`304`
**`9`**
`15`
**`8`**
`10`
**`1,585`**
`3,056`
**`80,432`**
`67,344`
**`92,727`**
`79,059`
**`6,792`**
`462`|**`for the Year Ended 31 March 2025`**
`2025`
`2024`
`£`
`£`
**`6,768`**
`4,388`
**`2,358`**
`1,129`
**`32,308`**
`12,751`
**`2,120`**
`1,108`
**`23,539`**
`22,014`
**`6,038`**
`9,733`
**`1,140`**
`1,136`
**`356`**
`1,314`
**`55`**
`217`
**`715`**
`652`
**`1,339`**
`3,452`
**`573`**
`2,155`
**`-`**
`2,750`
**`153`**
`937`
**`1,215`**
`223`
**`153`**
`304`
**`9`**
`15`
**`8`**
`10`
**`1,585`**
`3,056`
**`80,432`**
`67,344`
**`92,727`**
`79,059`
**`6,792`**
`462`|
|---|---|---|
|||`67,344`|
|||`79,059`|
|||`462`|
```
This page does not form part of the statutory financial statements
```
```
Page 15
```