2023-05-31-accounts - Love Mill Road

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Trustees’ Annual Report for the period

From 01/06/2022 Period start date To 31/05/2023 Period end date

Charity name: Love Mill Road

Charity registration number: 1189511

Objectives and Activities

	SORP reference
Summary of the purposes of the charity as set out in its governing document	Para 1.17	The objects of Love Mill Road, to be undertaken in the Romsey and Petersfield wardsof Cambridge, are thefollowing: To further such charitable purposes according to the law of England and Wales asthe trustees see fit from time to time, in particular but not exclusively throughthe provision ofgrants
Summary of the main activities in relation to those purposes for the public benefit, in particular, the activities, projects or services identified in the accounts.	Para 1.17 and 1.19	Love Mill Road supports people, charities and organisations in the electoral wards of Romsey and Petersfield to undertake activities which:  tackle inequality and create a more inclusive society  enhance the Mill Road environment; and  celebrate local arts and culture In 2022-23, the charity’s activities were grant giving for:  youth activities of the Cambridge Muslim Trust  the community elements of the Mill Road Winter Fair  Year-round community activities of Mill Road Fringe  The Edge Café in Mill Road, Cambridge
Statement confirming whether the trustees have had regard to the guidance issued by the Charity Commission on public benefit	Para 1.18	The Trustees confirm that they have referred to the guidance contained in the Charity Commission’s general guidance on public benefit when reviewing the charity’s aims and objectives and in planning future activities and setting the grant making policy for the year.

Additional information (optional) You may choose to include further statements where relevant about:

SORP reference Para 1.38 Policy on grant making Para 1.38 Policy on social investment including program related investment Para 1.38 Contribution made by volunteers Other

Achievements and Performance

	SORP reference
Summary of the main achievements of the charity, identifying the difference the charity’s work has made to the circumstances of its beneficiaries and any wider benefits to society as a whole.	Para 1.20	The charity gave a grant to Mill Road Winter Fair, a community led annual event attracting over 10,000 people, run by volunteers. Through its grant, it enabled the community elements (Parade, buskers, free flm show) to be expanded this year. The charity gave a grant to Mill Road Fringe to support provision of a series of free-of-charge arts and cultural events year round in the Mill Road area – a ‘summer shindig’ with live music, a poetry evening and a film evening.. The charity gave a grant to Cambridge Muslim Trust to purchase a snooker table for its youth club. The charity funded workshops run by the Edge Café which supports people suffering from addictions.

Additional information (optional)

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Achievements against

Para 1.41

objectives set
Performance of fundraising activities against objectives set	Para 1.41
Investment performance against objectives	Para 1.41
Other

Financial Review

Financial Review
Review of the charity’s financial position at the end of the period	Para 1.21	Love Mill Road has continued to receive donations and made grants throughout the year. As at 31 May 2023, it held £13,389 in the bank, some of which was earmarked for post-year end grants and the remainder remains available for future grants.
Statement explaining the policy for holding reserves stating why they are held	Para 1.22	The charity requires very little reserves as it has no employees or regular expenses. Its aim is to provide grants from donations received. However, a small level of reserves (c.£1,000) is held within the bank account in case of unexpected expenses or an urgent grant.
Amount of reserves held	Para 1.22	£1,000 (within bank account)
Reasons for holding zero reserves	Para 1.22	n/a
Details of fund materially in deficit	Para 1.24	n/a
Explanation of any uncertainties about the charity continuing as a going concern	Para 1.23	No concerns.

Additional information (optional)

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The charity’s principal sources of funds (including any fundraising)	Para 1.47	Donations from both charitable trusts and individual donors
Investment policy and objectives including any social investment policy adopted	Para 1.46	N/a – not large enough to warrant investment of funds.
A description of the principal risks facing the charity	Para 1.46	The principal risk to the charity is reduced level of donations, leading to fewer grants being made in pursuit of charitable objectives. Negligible risk as going concern, since there are no regular expenditure commitments (including no staff) and therefore trustees can always respond to reduced income with reduced grants.
Other

Structure, Governance and Management

Description of charity’s trusts:
Type of governing document (trust deed, royal charter)	Para 1.25	Constitution
How is the charity constituted? (e.g unincorporated association, CIO)	Para 1.25	CIO
Trustee selection methods including details of any constitutional provisions e.g. election to post or name of any person or body entitled to appoint one or more trustees	Para 1.25	Apart from the initial charity trustees at foundation, every appointed trustee must be appointed by a resolution passed at a properly convened meeting of the charity trustees. In selecting individuals for appointment as appointed charity trustees, the charity trustees must have regard to the aggregate skills, knowledge and experience needed for the effective administration of the CIO.

Additional information (optional)

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Policies and procedures adopted for the induction Para 1.51 and training of trustees The charity’s organisational structure and any wider Para 1.51 network with which the charity works Relationship with any related Para 1.51 parties Other

Reference and Administrative details

Charity name	Love Mill Road
Other name the charity uses
Registered charity number	1189511

Charity’s principal address 32, St Barnabas Road, Cambridge CB1 2BY

Names of the charity trustees who manage the charity

Trustee name	Office (if any)	Dates acted if not for whole year
Katharine Frances Collins	Chair
Susan Rachel Biller
Dadhi Ram Chudali
Angela Gail Sawyer		11 July 2022 to present

– Corporate trustees names of the directors at the date the report was approved

Director name

Name of trustees holding title to property belonging to the charity

Trustee name Dates acted if not for whole year

Funds held as custodian trustees on behalf of others

Description of the assets held in this capacity

Name and objects of the charity on whose behalf the assets are held and how this falls within the custodian charity’s objects

Details of arrangements for safe custody and segregation of such assets from the charity’s own assets

Additional information (optional)

Names and addresses of advisers (Optional information)

Type of Name Address adviser

Name of chief executive or names of senior staff members (Optional information)

Exemptions from disclosure

Reason for non-disclosure of key personnel details

Other optional information

One additional trustee joined the Trustee board during the year to increase the overall strength of the Trustee body – Gail Sawyer joined in July 2022. All four trustees listed above remain the trustee body as at the reporting date.

Declarations

The trustees declare that they have approved the trustees’ report above.

Signed on behalf of the charity’s trustees

Signature(s) Full name(s) Katharine Collins

Position (eg Secretary, Chair Chair, etc)

Date 10/02/2024

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Charity Name No (if any)
Love Mill Road 1189511
Receipts and payments accounts CC16a
For the period Period start date Period end date
To
from 01/06/2022 31/05/2023
Section A Receipts and payments
Unrestricted Restricted Endowment
Total funds Last year
funds funds funds
to the nearest £ to the nearest £ to the nearest £ to the nearest £ to the nearest £
A1 Receipts
Donation - Binks Trust 2,000.00 - - 2,000.00 -
Donation - Hoare Trustees Mandarin Trust 2,500.00 - - 2,500.00 -
Donation - Selwyn College Cambridge 325.00 - - 325.00 -
Sundy small donations 435.51 - - 435.51 -
- - - - -
- - - - -
- - - - -
- - - - -
Sub total (Gross income for
AR) [ 5,260.51 ] - - 5,260.51 -
A2 Asset and investment sales,
(see table).
- - - -
- - - - -
Sub total - - - - -
Total receipts 5,260.51 - - 5,260.51 -
A3 Payments
Grant - Edge Café 106.50 - - 106.50 -
Grant - Mill Road Winter Fair 1,194.70 - - 1,195 -
Grant - Mill Road Fringe 1,944.88 - - 1,945 -
Grant - Cambridge Muslim Trust 750.00 - - 750 -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
Sub total [ 3,996.08 ] - - 3,996.08 -
A4 Asset and investment
purchases, (see table)
- - - -
- - - -
Sub total [ - ] - - - -
Total payments 3,996.08 - - 3,996.08 -
Net of receipts/(payments) 1,264.43 - - 1,264.43 -
A5 Transfers between funds - - - - -
A6 Cash funds last year end 12,124.66 - - 12,124.66 -
Cash funds this year end 13,389.09 - - 13,389.09 -
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Section B Statement of assets and liabilities at the end of the period

Categories B1 Cash funds	Co-op Bank current account Details *Total cash funds* (agree balances with receipts and payments account(s))	Unrestricted funds to nearest £ 13,389.09 - - 13,389.09 OK Unrestricted funds	Restricted funds to nearest £ - - - - OK Restricted funds	Endowment funds to nearest £ - - -
				-
				OK
				Endowment funds

X R1 accounts (SS)

08/02/2024

Signed by one or two trustees on behalf of all the trustees B2 Other monetary assets B4 Assets retained for the charity’s own use B5 Liabilities B3 Investment assets	Signature Details Details Details Details	to nearest £ to nearest £ - - - - - - - - - - - - Fund to which asset belongs Cost (optional) - - - - - Fund to which asset belongs Cost (optional) - - - - - - - - - Fund to which liability relates Amount due (optional) - - - - - Print Name KATHARINE COLLINS SUSIE BILLER	to nearest £ - - - - - - Current value (optional) - - - - - Current value (optional) - - - - - - - - - When due (optional) Date of approval 05/01/2024 05/01/2024

X R2 accounts (SS)

08/02/2024