REGISTERED CIIAIUTY ￿BER. 12(KI315
REPORT OF THE TRUSTEES AI
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
FOR
THE ALFORD WINDMILL TRUST
tkxier & Sharpe
Chartered Certified Accountants
The Old Vicaryage
Church Close
Boston
Lincolnshire
PE216NA

THE ALFORD WINDMtLL TRUST
CONfENTS OF THE FINANCIAL STATEMEwrs
FOR THE YEAR ENDED 31 DECEMBER 2023
Page
Report of the Trustees
Independent Enminer'5 Report
Statement of Fitta4¢ial Adivities
Balance Sheet
Notes to the Financial Statements
7 to 11
Detailed Statement of Financial Aetivities
12 to 13

THE ALFORD WINDMILL TRUST
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 DECEMBER 2023
The trustee5 present their report with the financial ststements of the charity for the year ended 31 December
2023. The trustees have adopted the provisions of Accountin(y and Reporting by Charities: Statement of
RecornTnended Prdctice applicable to chariiies preparing their accounts in accordance with the Financial
Reporting Standard appli¢able in the UK and R¢publi¢ of Ireland {FRS 102) (effective l January 2019).
ORJECTIVES AND ACTIvrrIES
For the publi¢ b¢n¢fiL th¢ advancement of education and the preservation. protection and maintenance of the
Alford'five-sailed" windmill in particular but not exclusivelv b!=
Conserving and maintsining the restored mill as a wotking mill. open to the public: and
Developing and facility. to attract Visltors and Tt]aintaiTting the mill site as an educational facility to attra
visitors and develop their awareness and understsnding of the history th¢ir awar¢ness and understanding
of the history of the mill and the historic occupation of millwrighting.
AcH￿VEMENTS AND PERFORMANCE
At th¢ beginning of the vear it was confirnied thai the application to the government for Levelling Up FuTtds by
East Lindsey District CouncTI for the Lin¢olnshir¢ Wolds Culiure and Heritsge Projeci has been successful.
This included £l.Im for the Alford Wtndmill.
This is in addition to the £700.000 previously allocated by Lincolnshire County Council for the refurbtshment
of the windmill itself.
Together this means the capital funds are availabl¢ for the fijll repair of the windmill into working order, the
conversion of the Millers Cottage into a holiday leL the conversion of the Sail Shed cafe into the Millwrights
Museum and the building of new tea rooms.
During the rest of the year the Trust has worked wtth its pat￿ers. Alford Town Council, East Lindsey District
Council and Lincolnshtre Countv Council: to progress the project. The complexity of working with several
partners and the requirements imposed by the windmill being a Grade l * lisied buildin& has M&￿t progress has
b¢¢n slow.
Onc¢ again. the Sail Shed Cafe was opened for the summer months and again stalfing was a problem. As a
consequence, the period and number of davs open were reduced on the previous year.
The future for Alford Winthnill Trust is bright with the capital funds in place. In 2024 it is anticipated planning
pennission will k gained for the proje¢t and work will be placed out to tender.
The complexity and type of worl particularly the specialist work on the windmill, mean it is unlikely the project
will be complete before 2026.
Page I

THE ALFORD WINDl¥ItLL TRUST
REPORT OF THE TRUSTEES
FOR THE YEAR EIWED 31 DECEMBER 2023
RESERVES
The Alford Windmill Trust reviews and moniiors the level of reserves held on a regular basis. Reserves at the
year end were £8,846. (2022 £11252).
RESPONSIBtLrrIES
Th¢ Board of Truste¢s are responsible for ensuring that the Trust's resource5 are managed responsibly, and that
we act in the best interests of thc Trust. The Board has ￿$&K)nsIbilIty for approvino and monitoring the
implementation of this Policy.
LAWS AND REGULATIONS
As a registered charity, the Trnst is required to meet relevant legal and regulatory requirements and has a duty.
to apply charitable funds within a reasonable Feriod of time in pursuing its objextTV¢5.
This Policy sets out the fram¢work the Trust has in place to ¢onfmn the level of reserves the Trnstees hav¢
deterniined is appropriate for the TrusL and draws u￿n guidance such as the Chartties Commission's CCI9.
FUTURE PLANS
The future for Alford Windmill Trust is bright with the capitsl funds in place. In 2024 it is anticipated planning
perniission will be oained for the projeci and work will be placed out to tender.
The complexity and type of worl particularly the srttialist work on th¢ windmill. mean it is tu)likely th¢ project
will be Complete before 2026.
STRUCTURE, GOVERNANCE AND ￿Lth'AGEME
The organisation is a Charitsble Incorporated Organisaiion (CIO) registered on 8 September 2022.
The organisation is govern￿ by a constitution.
The members of the Executive Committee are the T￿￿eeS for the purpose of charity law and are collectively
refer￿d to as the Trustee5.
The Tnjstees have had due regards ￿ guidance distributed by the Charity Commission on public benefit.
The Tn￿lee$ who served during the period and up to the date of this report are set out elsewhere in this report.
The Trustees are put up for reolection ev¢ry year at the Annual General Meeting. Any casual vacancies can be
fill¢d by cfroption.
The Trnstees are involved in the day to da). management of the Charity. Executive Committee meetings are held
monthly through the year.
Page 2

THE ALFORD W'INDMILL TRUST
REPORT OF THE TRUSTEES
FOR THE YEAR EIWED 31 DECEMBER 2023
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Charity number
1200J15
Registered office
The Alford Windmill Tn
)2 Eau Street
Alford
Lincolnshi
LN13 9EH
Trustees
DFBell
G Allan
D P Robinson
K Pryke
JWJSmith
(ffsign¢d 10 March 2024)
{resigned 15 July 202))
(appointed 21 December 202))
IndepeDdent Examiller
Mrs Nicola Michelle Lenton F.C.C.A.
Dexter &. Sharpe
Chartered Certified Accountants
The Old Vicardge
Church Close
Boston
Lincolnshire
PE216NA
Report of th¢ trust¢es, in¢orpornting a strategic ￿pOrL approved by order of the board of trustees. as the
company directors, on
2024 and signed on th¢ board's b¢half by:
DFBell
Trustee
Page 3

INDEPENDE￿ ExAMIN￿R's REPORT TO THE TRUSTEES OF
THE ALFORD MThDTrItLL TRUST
Independent e￿Miner'S report to the trnstees of The Alford Windmill Trnst ('tbe Company,)
I rewrt to the charity trustees on my examination of the a￿OUnts of The Alford Winthnill Trnst (the trust) for
the year ended 31 December 2023.
Respottsibilities and basis of report
As the charity's tnJstr¢s of the Trnst you are restxynsible forthe prepardtion ofthe accounts in accordance with
the requirements of the Charities Act 2011 ("the Act-).
I report in respect of my examination of the TTUSt's accounts as carried out under Section 145 of the Charities
Act 2011 {'the 2011 ACV). In carrying out mv examination I have followed the Diff¢tions given by the Chartty
Commission under Section 145(5) (b) of the 2011 ACL
Independent examiller's statemeDt
I can confirm that l am qualified to undertake the exavnination because l am a registered member of F.C.C.A.
which is one of the listed l￿dIeS.
I have completed my examination. I confum that no matters have come to my attention in connection with the
examination giving me cause to believe:
accounting record5 were not kept in respect of the Trust as required by Section 130 of the Act; or
the accounts do not accord with those records: or
the a¢¢ounts do not ¢OTnply with the accounting requireme1￿ Concerning the forni and content of the
accounts set out in the Charities (Accounts and Rep)rts) Regulations 2008 other than any requirement
that the accounts give a true and fair view which is not a matter considered &$ pan of an independent
¢xaTnination- or
the accounts have not ken Prepared in acc<)rdanee with the methods and principles of the Ststement of
Recommended Practice foraccounting and ￿porting by charities {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 a¢ross no other marters in Connection with the examination to which
attention should be drawn in this report in order to enable a proper understanding ofthe xeeounts to be reached.
Mrs Nicola Michelle I£nton F.C.C.A.
Dexter & Sharpe
Chartered Cenified Accountants
The Old Vicarage
Church Close
Boston
Lincolnshire
PE216NA
Date..
2024
Page 4

THE ALFOR￿ WINDMlll TRUST
STATEME￿[ OF FINANCIAL AcrIvrrIES
FOR THE YEAR ENDED 31 DECEMBER 2023
Period from
8.9.?2 10
31.1222
Restrirted
FyDd
Totsl
2023
Total
Fund
INCOME FROM
Donations and LegacÉes
33.309
ChAritsble Activlties
Charithble activities
9934
9.934
Tot*1
16ffj19
16ffi19
47.061
EXPENDITURE OY
Charitable Activities
CharÉtsble activities
19025
19,025
i5,809
NET EXPEIYDITUREI(INCOME)
{2A06)
(2.406)
Net rnovemeltt in funds
(2A116)
(2,406)
11252
RECONCILIATION OF FUNDS
Total funds brought forward
11352
I lJ52
TOTAL FUNDS CARRIED FORWARD
&846

THE ALFORD WINDMtLL TRUST
BALANCE SHEET
31 DECEMBER 2023
Rtstrided
Fund
Notes
Fnttd
2011
2022
FIXED ASSETS
Tansible Assets
93
8393
10272
CURRENT ASSETS
Debtors
C&sh at bank and in hand
io
637
lJ17
637
1017
1,175
69?
Totsl
10.447
10.447
CREDITORS
Amounts fallin8 due within oneye4r
1.601
887
NET CURRENT ASSETS
TOTAL ASSETS LESS CURREP4T
LIABILITJES
NET ASSETS
FUNDS
12
Unrestricted Funds
Restricted Funds
1252
TOTAL FUNDS
The financial statements were approved and authorised for issue by the Boord of Trustees and authorised for
issue on
2024 and were signed on its behalf by:
DFBell
Trustee

THE ALFORD WINDMILL TRUST
NOTES TO THE FINANCIAL STATEMENrs
FOR THE YEAR ENDED 31 DECEMBER 2023
ACCOUNTING POLICIES
Basis of preparing tbe fillatt¢ial gtatemellts
The financial statements of the charit￿, which is a public benefit entity under FRS 102, have been
prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities".
Statement of Recommended Prdctice applicable to charities preparing their accounts in accordance with
the Financial Reporting Standard applicable Tn th¢ UK and Republic of Ireland {FRS 102) (effective I
January 2019),, Financial Reportints Standard 102 The Financial Reporting Standard applicable in the
UK and Republic of Ireland, and the Charities Act 2011. The financial statements hav¢ been pr¢par¢d
under the historical cost convention.
Jncome
All income is recoonised in the Statement of Financial Activities once the charity has ¢ntitl¢m¢nt to the
funds, it is probable that the income will be received and the amount can be measured reliablv.
Expenditure
LiabilÈties are recognised as expenditure ￿ ￿)0￿ asthere isa legal orconstructive obligation COTnmitting
the charity to that expenditure. it is probable that a tr￿sfer of e¢onomi¢ b¢n¢fits will b¢ r¢quir¢d in
settlemeT]t and the amount of the obligation ¢an be meaSU￿d reliabl￿. Expenditure is accounted for on
an accruals basis and has been classlfied under headings that aggregate all cost related to the category.
Where costs cannot be directly attributed to particular headings they have been allocated to activities
on a b&sis consistent with the use of re￿UrCeS.
Tangible fixed &8sets
Depreciation is provided at the following annual Mes in Order to write off each asset over its estiTnated
useful life.
Fixtures and Fittings
250/0 on reducing balance
Stocks
Stocks ar¢ valu¢d at th¢ low¢r of cost and net r¢alisabl¢ valuE after making du¢ allowance for obsolete
and slow moving items.
Taxation
The Charity is exempt from corporation tax on its charitable activities.
Fund ac¢ounting
Unrestricted funds can be used in accordanc¢ with the charitable objective5 at the discretion of the
trustees.
Pag¢ 7

NOTES TO THE FtYANCIAL STATEMENfs- contillued
FOR THE YEAR ENDED 31 DECEMBER 2023
DONATIONS AND LEGACIES
Period from
8.9.22 to
31.12.22
2023
Grants
Other Income
Donation5- Mayors Fund
6,080
605
31,969
840
500
6,685
33,309
Grants receive& in¢lud¢d in the alK)ve. are as follows:
Period from
8.9.22 to
31.12.22
2023
G Marsh
Alford Congregational Church
Eaa Linds¢y Distri¢t Council
Alford ToMryJ Council
Alford HUB NFU
1.080
i 0,000
i 0,000
8.779
5,000
6,080
31,969
Period from
8.9.22 to
31.12.22
2023
Café
9934
13.752
CHAiiifABLE ACTivrfiES COSTS
Dired Costs Support eosts
(See Dote S)
Total
2023
Total
2022
Charitable Activiiies
10231
8.794
19,025
Page 8

THE ALFORD WIND￿llLL TRUST
NOTES TO THE FINANCLIL STATEMENTS- contiDved
FOR THE YEAR ENDED 31 DECEMBER 2023
SUPPORT COSTS
Governallce
costs
Totsl
2023
Totsl
2022
Mallagement
Finxnee
Charitsbl¢ Activities
7ffj55
139
8,794
16,203
NET INCOME
Net income is stated after chargtng:
Perii)d from
8.9.22 to
Jl.12.22
2023
Depreciation- owned assets
2,765
685
TRUSTEES, REMUNERATION AND BENEFITS
There were no trustees, remuneration or other ￿nefits for the year ended 31 December 202) (2022
£Nil).
Trustees, expenses
TheT¢ were no ttwste¢s' ¢xp¢ns¢s paid for the period ended 31 December 2023 (2022 £Nil).
STAFF COSTS
Period from
8.9.22 to
)1.12.22
2023
Wages and Salaries
Social Security Costs
5,078
219
12,476
540
5297
13,016
The average monthly number of employees during the vear was as follows:
Period from
8.9.22 to
31.12.22
2023
Staff
Page 9

E ￿0RD WINDMILL TRUST
NOTES TO ThE FINANCIAL STATEMENfs- eontinued
FOR THE YEAR ENDED 31 DECE.MBER 2023
TANGIBLE FIXED ASSETS
Fixtures and
Fittillgs
Totals
COST
At l January 2023
Additions
10,957
10,957
786
At 31 December 2023
11,743
11,743
DEPRECIATION
Ai l January 2023
Charg¢ for year
2,765
2,765
At 31 December 2023
3.450
3,450
NET BOOK VALUE
At 31 December 2023
8293
8293
At 31 DecemFKr 2022
10272
10272
10. DEBTORS: AMOUNfs FALLING DUE wrrHIN ONE YEAR
Period from
8.9.22 to
31.12.22
2023
Other debtors
Prepayments and accrued income
367
270
887
288
At 31 D￿ern￿r 2023
637
1,175
11. CREDrroRS: AMOUNtS FALLING DUE wrtHtN ONE YEAR
Period from
8.9.22 t()
31.12.22
2023
Trdde creditors
Accrued expenses
827
774
167
720
At 31 December 2023
1,601
887
Page 10

NOTES TO THE FINANCIAL STATEMENTS - ¢oDtinued
FOR THE YEAR ENDED 31 DECEMBER 2023
12. MOVEMENT IN FUNDS
Net
movement
in ￿lldS
At
1.123
At
31.12.23
Unrestrieted funds
General fvnd
11252
(2,406)
8046
TOTAL FUNDS
11252
(2.406)
8,846
Net movement in fund% included in the above are as follows:
Incoming
Movement
ID fuDds
expended
UDrestricted fvnds
Generdl fund
16,619
19,025
(2,406)
TOTAL FUNDS
16,619
19,025
{2,406)
Page 11

THE ALFORD WINDllttLL TRUST
DETAILED STATEMENf OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 DECEMBER 2023
Period
from
8.9.22 to
31.12.22
2023
INCOME AND EI¥DOWMENrs
DonatioDS and irfaeies
Grants
Other income
Donations- Mayor"s Fund
31,969
840
500
6,685
33,309
Charitsble activities
Cafe
9,934
13,752
Total incoming resources
16,619
47,061
This page diKs not forni part of th¢ statutory financial S￿¢m¢llts
Page 12

THE ALFORD WINDMILL TRUST
DETAILED sTATE1￿SENt OF FtNANCIAL ACTIVITIES
FOR THE YEAR EIWED 31 DECEMBER 2023
Period from
8.9.22 to
31.12.22
2023
Charitable activities
Wages
Social security
Purch&ses
Room Hire
Pesf Control
Card machine rental
Cleaning
Wa￿¢ removal
5.078
219
4.101
12.476
540
5.400
95
461
48
250
336
238
307
10231
19,606
Support Costs
Management
Wat¢r & Rates
Insuran¢¢
Light and heat
Telephone
Advertising
Sundrt¢S
R¢pairs and Renewals
Depreciation of tangible assets
107
828
I￿7
1269
138
526
185
2,765
576
1216
487
120
98
2.373
685
7,655
5,555
Finance
Bank charges
139
30
139
30
Governgnce eosts
A¢¢ountan¢y
Legal and professional ftts
774
226
720
9,898
10,618
Total resources expended
19.025
35,809
Total incoming resources
Total resour¢es expended
16,619
19,025
47.061
35.809
Net (expenditureyÈncome
(2.406)
11252
This page does not forni part of the stattrtory financial sratements
Page 13