Trustees’ Annual Report for the period
From 01/06/2023 Period start date To 31/05/2024 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 2023-24, the charity’s activities were grant giving for: Interpretation for a stone carved archway in a community garden the community elements of the Mill Road Winter Fair Year-round community activities of Mill Road Fringe – poetry, film, community picnic, EcoChic Fashion Show |
| 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 inclusion of community elements (parade, buskers, film, dancers and children’s activities). The charity gave a grant to Mill Road Fringe to support provision of a series of inclusive arts and cultural events in the Mill Road area – a ‘summer shindig’ with live music, four poetry evenings, a film day and a fashion show showcasing clothes from Mill Road’s charity and vintage shops. The charity gave a grant to the Mill Road Traders’ Association to support the costs of interpretation for the Gateway to India’ project in Ditchburn Gardens. This is a stone archway reconstructed from the recycled carved sculptures rescued from a local Hindu temple. The project brought together and celebrated diverse faiths and cultures. |
Additional information (optional)
You may choose to include further statements where relevant about:
| Achievements against objectives set |
Para 1.41 | |
|---|---|---|
| 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 2024, it held £16,842 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)
You may choose to include further statements where relevant about:
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)
You may choose to include further statements where relevant about:
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
| 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 |
Trustee name | Office (if any) | Dates acted if not for whole year |
Name of person (or body) entitled to appoint trustee (ifany) |
|---|---|---|---|---|
| Katharine Frances Collins |
Chair | |||
| Susan Rachel Biller |
||||
| Dadhi Ram Chudali | ||||
| Angela Gail Sawyer |
||||
| Jeremy Pyne | 6 February – 31 May 2024 |
|||
– 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 – Jeremy Pyne joined in February 2024. All five 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
CHARITY COMMISSION FOR ENGLAND ANO WALES LO Mlll Road Receipts and payments accounts CC16a For the ppriod from 0110612023 3110612024 Section A Receipts and payments Unrestrl¢led funds Re8trlcled funds Endowmont funds Total funds L¥8ty94r to thonèaifyst to tho noaroBIt A1 Recelpt$ D¢nalion-Cambrtd9glr8 CommJnilyFuNJ DonalloTh-Mty p?IkCyl ooo.oD ?.ooo.oo 2.600.00 Svnorysrnall donal$ ross Income or 2 A5Sfyt and InvetsimFnt sa tablel. es. Ise¢ 1oie5.9J A3Pa rnents nl. PthIIR0jTrdwIA$iGllIQy Indpal Granl- NkllRuadWinlwFair 2,000.00 2.490.QT 2,222.20 2,000.th) 2.480 2,222 Sub lo¢al 6,712.27 A4 A¥8è1 and InvFstrngnt pur¢h*sps. see tsbl• Sub lolal rotalpayments ,712.27 6,712.27 Nel of recWpls/(paym8ntsJ AS Transfers be¢w•en funds A6 Cash funds last ygarond Cash funds Ihl8 y88rend 3,4SJ.66 J,462.66 la,?B9.09 16,842.7 13,389.09 16.842.76 Section B Statement of assets and liabilities at the end of the perlod Unresiri¢lcd fund to neaYest£ Restricted fund¥ tv ng4reyt£ Endowmeiit funds Categories B1 Cash funds arcou Tot?1 cash funds 18.842.76 I¢$)1 Unreslrlcted fvnds to t Restrfuted lund$ Endowment funds < RI 4CCOL471s {SS) 1210812024
Fundlo wN¢h assb Cwr•nl vabjo ¢wtltyptFonall B3 Investment assets Fund lowhlch bolon Cuttontv4lu• B4 A8sets retslned for the charity's own u$9 Fund towhSch AmoL*itdu h•ndu• 85 Llabllltles Shjned byone ortwo trL4teeycn behaW4f ali ih&tru$ieè$ SigTralure Piinl Natn2 Data of roval QOLLI < R2 accounts (581 1210812024