2023-03-31-accounts

CHARITY COMMISSION FOR ENGLAND AND WALES Trustees, annual report (including Directors, report) for the period From: 22 Sept 2022 Period start date To: 31 Mar 2023 Period end date Charity name." The Millrace Foundation Charity registration number: 1200465 Company number: NA Objectives and activities SORP reference Para 1.17 Summary of the purposes of the charity as set out in its governing document The Millrace Foundation Ihereafter'The Charity. or'The Foundation. or'millrace") provides therapeutic activities in the form of training in fvrnilure restoration for adults who suffer from mental health and associated difficulties. The charity operates in Chelmsford. covering the Chelmsford area and Mid-Es$ex. The Nlillrace Foundation is a Charitable Incorporated Organisation, estsblished in Sept 2022. The objects of the Fotjndation are principalty. bLrt not exclusively within Chelmsford and surrounding Districts in the Country of Essex Ihereinafter referred lo as Ihe'area of benefil'l. Ils objects shall be for the public benefit and are specifically restricted to the following". 11 The reliet of adults in the area of benefit who are experiencing one or more of the following." social isolation or exclusion,. mentsl or physic81 ill health., leaming disabilrties." in recovery from drug or alcohol addition,. in recovery from a major life trauma,. old age. by assisting them to integrate into society through the following activities.. a. Active participation in a supported work environment in groijps of mixed ability and background. b. Additional support to enable a progression into work. education, training, or beneficial activity as the Trustees see fit from time to lime. 21 To promote health by assisting in the treatment and care of persons with mental or physical illness. reaming difficulties and lor in recovery from addiction or in need of rehabilitation by the provision of a safe. slruclured, Summary of the main activities in relation to those purposes for the public benefit, in particular, the activities, projects of services identified in the accounts. Para 1.17and 1.19

therapeutic work environment from which lo build their individual capacity and workplace skills so as they may retum to work or improve their well-being and quality of life. 31 To advance the education of disadvantaged adults (see item 1 above) in the area of benefit by providing affordable structured or accredited training In the restoration of furniture and other household items by promoting the use of arts and crafts as therapy. 41 The fulfilling of such other purposes as may from time to lime be recognised by English law as bein9 charitable and which the Charity shall from ts.me to lime determine. Statement confirming whether the trustees have had regard to the guidance issued by the Charity Commission on public benefit Para 1.18 Ouring the financial year ending 31 March 2023, the trustees have had regard lo the Charity Commissions, guidance on public benefit. Additional information loptionall You ma choose lo include further statements where relevant about.. SORP reference The CIO does not make grants. Policy on grant making Para 1.38 NA Policy on social investment including program related investment Para 1.38 During the financial period, the Foundation had 5 volunteers with the following responsibilities.. 2x Furniture Restoration Trainers (subsequently employed by the Charity from May 20231 Contribution made by volunteers Para 1.38 Business Manager Financial Administrator In addrtion to these specific re5ponsibililies, all 5 allenoed meetings lo provide input on other matters from lime to time As the dale of incorporation was 22 Sept 2022. but the Charity chose lo use a 31 March 2023 Financial Year End dale, il has subsequently prepa.ed a Trustees, Annual Report and Annual AccDLnls for a period of less than 12 months16 monlbs and 8 days). The Charity has the legal authority to do this as a CIO providing il adheres lo the Charity Commission rules. As this was the first eriod of o eralin under the CIO structure Other

there are no comparative amounts in the acco.jnts or related notes. Achievements and performance The locus during this financial period was the incorDoralion of the Charity in preparatson for the provision of beneficiary se¥vices from February 2023, and this is how the donations received were spent. Summary of the main achiev8menls of the charity, identifying the difference the charity's work has made to the circumstan￿$ of its beneficiaries and any wider benefits to society as a whole. Para 1.20 At the end of the financial period, the charity continued lo provide rts services lo beneficiaries, suppoirted by grant funding, and this conts.nues al the lime of signing these accounts. Additional information loptional} You ma choose to include further statements where relevant about.. Achievements against objectives set Para 1.41 PerfOrnan￿ of fundraising activities against objectives set Para 1.41 Investment perfomance against objectives Para 1.41 Other Financial review

Review of the charity's financial position at the end of the period Para 1.21 Al the end of the reportr'ng period, after donations were used lo meet costs, the charity held cash in bank of £329. Al the end of the reporting period, the Charity had submilled 2 grant applications. and had received 1 positive response to give comfort on having sufficient income to continue ils a¢livilies beyond the financial period ending 31 March 2023. Reserves represent residual balances after incorre from donations lor in future periods. grants and other income) compared to the costs of providing training services to beneficiaries and related overnance costs or other ex enses. £329 Dfbly as al 31 Mar2023 Balance sheet date. Statement explaining the policy for holding reserves slating why they are held Para 1.22 Amount of reserves held Reasons for holding zero reserves Details of fund materially in deficit Para 1.22 Para 1.22 Para 1.24 Explanation of any uncertainties about the charity continuing as a going concern Para 1.23 NA Additional information {optional) You ma choose to include further statements where relevant about.. During this financial period, the principal sources of funds was donations, with a small amount raised from the sale of a homeware item. In fislure periods, this will be expanded lo include grants from grant-making bodies. donations from a wider pool of donors, arTrd more income from sale of furnitu￿ I homewares wh￿Ch have been made or refurbished b beneficiaries. The charity's principal sources of funds {including any fundraising) Para 1.47 Investment policy and objectives including any social investment policy adopted Para 1.46 Ongoing access to funding. This is miligaled by proactive engagement with granl-awarding bodies. A description of the principal risks facing the charrty Para 1.46 Other Structure, governance and management Description of charity's trusts.. Type of governing document.. for example, I "iJ-: Para 1.25 The Trjlillrace Foundation's governing document is ils Charitable Incorporated Organisalion conslrtulion.

,eino,"?.nd Im ￿n4 ?ILIC ol How is the charity constituted? Para 1.25 The Charity is a Charitable Incorporated Organisation ICIOI -"opipany n',ncorporaled a*srtciatrion, Trustee selection methods including details of any constitutional provisions e.g. election to post or name of any peison or body entitled to appoint one or more trustees Para 1.25 The Charity recruits and appoints new trustees in accordance with ils constitutional provisions. The Charity reaches out through predominanlty online Channels to attract individuals with an interest in the Charity's activities and who demonslrale the ne￿ssary skills that the Charity may need al the lime. To become a trustee, the indivijual must submit a CV, read the Charity Commission's guidance and other material specific lo mil1ra￿, and meet at least one of the extant Iruslees and al least one of the Charrty's employees before they 2re presented to 8 quorate meeting for appointment by one or more of the Iruslees. Additional information (optional) You ma choose to include further statements where relevant about.. Policies and procedures adopted for the induction and training of trustees Para 1.51 The charity s organisational structure and any wider nelwork with which the charity works Para 1.51 The Nfjillrace Foundation has a legacy connection to The Millrace Furniture Co-operative, and Still benefits from access to resOUr￿s, notably piemses, equipment. and materials which are charged lo il'at cost. rather than al the prevailing market rates. Subsequently, The Millra Furniture Co-operative is considered to be a related paty. Full disclosure of related paty transactions can be found in the CIO'S Annual Accounts ICC17a formal}. Relationship with any related parties Para 1.51 Olher In late 2023, and early 2024, the original Charity Trustees sought to appoint additional trustees with appropriate skills to support the Charity in the long-lerm," incl. governan￿, finance. marketing, and project management skills. These individuals were subsequently appointed beiween Oct 2023 and May 2024, allowing a transition as the original Trustees resigned during late 2023 and eady 2024. Subs-quently, both past and current TrUSt￿eS are listed in this Annual Report, which is si ned off b the current Trustees,

who were not in post during the period in ueslion. Reference and administrative details Charity name Other name the charit uses Registered charity number Charity's principal address The Millrace Foundation 1200465 Moulsham Mill, Parkway, Chelmsford, Essex CM2 7PS Names of the charity trustees who manage the charity Dates acted if not for whol8 ear Trustee name Office lif any) Name of person lor body) entltled toa oint tnjstee if an Sally Thallon Chair 22 Sept 2022- 23 May 2024 Leonard White 22 Sept 2022- 02 Mar 2024 David Smith Treasurer 22 Sept 2022- 20 Jan 2024 Daniel Hackett Chair & Fundraising Sub-committee Lead From 31 May 2023 Abigail Parton Treasurer & Finance Sub-committee Lead Marketing & Events Sub-committee Lead From 20 Dec 2023 Hannah Wellard From 28 Feb 2024 10

12 13 14 15 16 17 18 19 20 Co orate trustees - names of the directors at the date the re ortwasa roved Director name Name of trustees holding title to propety belonging to the charity Trustee nam• Dates actsd if not for whole ear Funds held as custodian trustees on behalf of others Description of Ihe 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 charit 's ob ects Details of arrangements for safe custody and segregation of such assets from the charit 's own assets Additional information {optional Names and addresses of advisers (optional infomiatlon)

Type of adviser Name Address Name of chief executive or names of senior staff members (optional information) Exemptions from disclosure Reason for non-disclosure of ke ersonnel details Other o tional infomiation Declarations The company has taken advantage of the small companies, exemption in preparing the report above. The trustees declare that they have approved the trustees, report {including directors, report) above. Signed on behalf of the charity's trust esldir rs Signaturels) Full namels) Position {for example Secretary, Chair, etcl Daniel Hackett Abigail Parton Chair Treasurer Date 99 01(fr

Millrace Foundation CIO Charil No 1200465 Com an No NA Annual accounts for the period Period start date Period end dale 22-Sep-22 31-Mar-2-. Section A Statement of financial activities (including summary income and expenditure account) Roslricted income funds Unrestrfcted funds Endowment funds Prlor yaar funds Recommended catogorles by activity Total funds Income (Note 3 Income and endowments from: DDnaiions and legaues Charitable activit￿5 F01 F02 F03 F04 F05 S01 1,620 1,620 S02 Olhertrading aclwrties Invesitnenls S03 30 30 S04 Separate material item of incoff S05 Other S06 Total Expenditure (Notes 6) Expenditure on.. Raising funds Charitable acbvilies S07 1,650 1,850 S09 920 278 123 1 ,321 920 278 123 1,32", Separate material eypense ilern Other Total Slo S11 S12 Net incomellexpendlturel before tax for the reporting period S13 229 329 Tax payalAe S14 Net incomellexpenditure) after tax before investment gain51{105ses) S15 329 329 Nel 08inslllossesl on investments S16 Net incomel{expenditure} Extraordinary items Transfers between funds Other recognised gainslllossesl: S17 329 329 S18 S19 Gams and10s5es on revalualion of fixed assets foTthe tharily's own use Other gairisll105sesl S20 S21 Net movèment in funds S22 329 329 Reconciliation of funds.. Total funds broughl lorvjard S23 Total funds carried forward S24 329 329

MllracÈ FoU[￿atIOn CIO Chari No Comoanv No 1200465 Section B Balance sheet Rostrlctèd Unrestrl¢ted ID¢ome funds lund$ Endowment Total thi¥ fund5 year Total last yoar Fixed assets Intangible assets Tangible assets H¢Titage as$Ets Investments F01 F02 FO3 F04 F05 INots 151 INote 141 (Note 16 INotÈ 171 Total fixed assets B02 803 B04 Current assets Stocks INote 181 Debttsrs INots 191 Investments (Noto 17.41 Cash at bank and in hand INots 24 Totsl CLrrrent assets B07 BO B09 Creditors: amounts lalling due within onè y8ar INote 201 Not currontassetsl(Ilabllltle$) B12 Totalassets less ¢urrentliabilitr•s 813 C￿dItorS. amounts falling due after one year (Note 201 Provlsions for Ilabi16tye$ Total net assets or Ilabilitiès 816 329 329 Funds of the Charity Endowment funds (Note 271 Ros*rictsd incomo funds INots 271 Unrostricted fund5 817 818 B19 329 329 Revaluation reserve Fair value reserve B20 Total funds B22 The c¢)rnp•ny wès entitled to exemptlon from a￿￿1t unders477 of Ihe Companle$ Att2006 relaling to $mall com￿rIles. The members have notrequired the company to obtsln an tudltln 4¢¢ordance wlth sectlon 476 of the Companles Act2006. The directors acknowledge their ￿spOnSIbl11t¥es forcomplylng wllh t1￿ r•quirements of the Companles Act with respect to accourttlng re¢ord$ and the prep8raUon of 8¢¢ounts. These accounts have beèn prEpared in accordance wlth tIReptrDvl$lon$ 4ppllcahle to small companies subject to the small ¢ornpanies regime and in 8ttorilan¢e with FRS102 SORP. by one Qrlwo lrusleesldirecl0￿ on behawof all the Irusleesldireclor5 Dale of approval ddlTnm Print Narne & Signatu 4kn9ail Parton 04 Irs )anid Hackett Signature Dale ddlmrrthyy SKJnalure of director au￿￿n1[catl￿ acctyjnts being sent lo Companies Hwse CC178 (Excell 0211012024

1.1 I8J￿}￿l4 1.2 ￿n￿r0￿c¢M 3A?FRS1a2WBP ccit*iÈ

Section C Notes to the accounts l¢ontl Note 2 Accounting policie5 rhls standardiist tslactountlpgpoli¢ie5 has been appll•dbytDè tharlty except forthcSa d4hted Whore a differEntoradditionalpofflcy has been adopt&dthrt fhlsls dwalledin rhe bo¥below. 2.1 RECONCILIATION WITH PREVIOUS GENERALLY ACCEPTED ACCOUNTING PRACTICE Pl&a5e provide a de5crlptSon olthe nat￿r of èach change in •ECou￿tIng poIIcy NA R2conclllatlon offunds perp￿VIoulE 6AAPto lunds datermineLIuRderPRS 102 startof PBriod End ol Fund balances a9 pf#vlowly ALI}usfrneJJts.. balanre as restated Retortcillalityn olnel Incom&(n e¥pendiiur•J pvpY•vlous fjAApro n•tlntomal{netXPèndtture) rmderFRS 02 Nellneomell•xpgndtture}as prEvlously ¥laled AdA115tnRnts.' Prevknus per4)d m•tlnc0ns¢ll¥x￿n￿￿rfrI a5 CC11a (Excdl Q211012024

Settitsn C Notes to Ihe accounts Icontl Note 2 2.2 INCOME A¢¢ounting poli¢i95 RecognSllon ofificome Theseare I￿uded In Ihe SL31ernentol FlnancialAtbvit￿ ISOFAI the charify becom8s8ntiiied fssour¢&s, it is mDrè likély Ihan notlhal the Iwsleesm'lll rece4ve the res￿le the rnoneiary value can be measured wth suffi¢nlreliability. Ye5. No. Nla. Ye5. Nla. offse￿ng There has been no offselbng of assets and Wabirtios. ty irtwmo ¥nd expBnse5. un35 ro4uiredor permitted by the FRS 102 SORP orFRS 102. Grants and donatlons Grants and donalioths are only Included In the S)FAwhen th8 g¢n#al rewJnilion crit¢na are mell5.10 10 5 12 FRS102 SORPI Yes" No. Nla. thè tase of Perfc￿￿ce telated gFaDlS, in￿rn￿ must only be reco9nid Iolh&exlenl thaithè has prtiwdsd sp8cifiEd goods or seNices as ent￿8mènI to the gi¥ only (Axjrs when lh$ p6rt<manr ieLited condlMs aiematlS.18 FRS 102 SORPI. Yes. Nla" Legaues arè includèd in thè SOFA¥YheD 18ceiFt Is probab￿, Ihatis. when therè hÈ$ bÈÈn 9r3nt ol W¢b•lÈ, tho $A8Gylors have pstsblished thatth&re are suffi￿nI as¥sts th6 èStatè3nd any wndibOn$ attached IDlhe 14acy are el1herN￿th1n eoniroi ¢fihe chartty or havè beèn MÈI Lw¢i¢¥ Y8S' No. Nla. G0vorn￿ntyra￿t$ ty ha5 repAved grants In 1ho¥eptwting penovj Yes. Nla. GIftA￿ re¢0￿t￿¥ is indu0￿ ID IDcome when trere 1$ èvaid trom ihe donor. Tax reclalm5 OTh doThallon5 kny GittAid afflounl IB¢overed ￿ adonatson 15considered 10 be part¢lthal git3nttis and 91fts trèaied as an addthon lo the same asthe ￿1￿31 donabon the dontytythe t￿rn$ olthe 8PP&¥I hav6 spèrffj￿d othewéiSe. Yes" Nla. co￿tr￿¢V￿1 knrome aThd Ths isonly ￿￿￿￿ed in IheSoFA on¢p thpcharty ha5 wovided the relaied pArformanc• r•lat•d seN￿S01 metthty perftsm￿￿ reWEd conortins. 9rants Yes" No. Nla. Yes- No. Wa. Donated goods onated gwds are measuFed at Pdfr¥alue 1thè3m￿ffti￿r¥thth thty¥SS¢t¢ould be ex¢hanyedl unlf55 lfflPt¥GlThg110 tt0 50 The cost of any Stock olgoods donaied for dist￿￿tion 10 b8nthia￿e5 15 deemed io be the lair walue of those 9rf15 at the tme of thtrif is¢Èiptand IWarerecwn￿ed on In the repffiifig period In which Ihe skncks ale d.5tributed, they are re￿nised as an expense al ih&catryingainouniol the stocks aidisthbubtsn Yes. Nts. Donated wods lor resale are Measured atfak %'31uè on inibsl rèctrjnibpn, i5lhp expeded pioceeds trom sale less the expecledcosts ol salè. and rÉt0grt￿￿d in'lnctyne tr¢m olherlradiDg activilEs' wilh ihe coiie5POMin9 siock rdcoonisèd ill thè bai8nr sheel OTr rt5 Sale ihe v¥ue of stock is chargedagainsl'lncome trom tsthÈi itading ili¢s' w(wdsfrLKn ￿eare a￿0 iecognlsed as'knttyme trom ottrrlraL iviti¥s'. Yes" No. Nla" Goods drjnatèd lor on-ww u$0 by ihe chairty ale iecognised flxed •ss and IndudÉd In SoFA8$ irteowiw t&S1)U￿￿ when receiv3￿￿. Yes" t40" Nla. Gits In kirml fei use by the chantyaie In￿￿d￿￿ ￿ t1￿ SOFA a5 incom8 frijrn d￿3th7n5 when receivable. Yes" Nla. t)cnated swices and faulthes are nthp SOFAwhen It￿lVed * the va￿e0f thegiftlo chanty pmided1trtva￿F of ihegrft be measured rla￿¥ Yes" No" Wa" racuttles Don8ted sB[vi￿5 and IpGilities that are Cons￿￿?￿11￿￿￿dI3tety are rwni8e4 as Itwe an equiv?￿￿13[￿0Unirec0￿J￿Se￿ as anexpense untterthe¥wrwDate hoading in è SOFA. Yes. No. Mla. SuppDrt£osts The¢hanty h¥$ i￿u[[**XpEndl1ure SUPPL￿ cos Yes. No" Vdunto•r htylp The value 018ny voluntary hwp Is not Nduded in Ihe aecwnts but IS de¥ribBd n the ITuSiÈes' 8nnua1 report. Yes" No. Wa. CC17 FRS t02 SORP OW1012024

COtThtrfr¢xn inleresL royalUes and dlvldend$ Ths is InC￿ded ￿ the a￿)￿L%￿hn rereipl lsprobabk and thègrnoun1r8¢e￿4￿2 can be W￿asUred reli3bly Yes. No. Nla. com• frcffl m•mb•rshlp MernbS(Sbip subscripbons rèceived In ofa grftare reCOgn￿d ￿ Donati￿$ ubs¢ripUibTr5 Yes. No. Membpfship subscriptions ￿1c￿ gives a membprlhe ri9hllo W YÈfv•$ orother benefits ale recogniaÈd a$ incotne P￿e&frOr￿ provlsAonot wtsd$ setwce5 aB Incom2 from charitaNe athVI￿&S. Yes. No. Setuernentof Ihsurartt¢ claims InsufdncècLains aro onty ittcluded in the SOFAWh￿ Ihe wr¥l inw[￿￿￿)9n1tson are mÈt15 10 to 5.12 FR5102 SORPI and are Induu¥J as¥D rtEmof other Incijme In th8 SOFA Yes. Nla" Thjs IDdudEs any realisedorunrealised gains er1058eson ihe sale of ￿ves￿£Thts and anygain ￿ l0ss1e5u￿ng from revaluiny ￿¥S￿l￿entS to fflaTketvalue al th& ènd olthÈ year. loGses Yes" Nla" 2.3 EXPENDITURE AND LIABILITIES Lvabiliiies are recognised wnÈre It Ismtye Iikelykn nQtthattheFe IS a nsliuctive O￿L931K)n commimng thè¢hantylu payoutresources aid thè amountol oLligabon can be rne35uredwth rèa8onle certainty. Ye5. Nla. U4blltty recognltlon Governancg and support SupwrtCOSts h3ve béen allotsled bsNveen gO¥eTnaTr￿ cos15 andolher suprort ¢08ts GovetnaKe costs comprise all eosts Invofvvg publicaecountsbility of the chityaDtt Its cornp￿an￿ regulaDon yO¢d pr>cti￿. Suppon costs indude fun¢bons and have been allacaièd ttsacbvtycosl eaworie50n a basi%tatwstenl Yiilh the use olte50uices. Èg allocatsng propertycost5 by flDDraFeas. oi percarmk. staff by ihe Ime5pent and othereos1¥ by thwrusage. Yes. ND. Nl3' Yes. Nla. Gr4nts with p•rfI)rmT￿Ge Wh8re the (attygivesa granlwlthcond￿b￿￿$1orrt$ being a specifieleV￿ of cond￿0Th5 $eryi¢s or0￿p￿ to be prowded. such orants ar>onty ￿￿gnISed ￿ the SOFA onceth¥ rtr¢EPl¥lol the gr¥Dlbas the S￿lfil0$$[¥￿e Lwoulpul. Yes" Nla" Grants payoble wtho portmaThc• ¢ondthori$ ¥￿There there ale n¢ ¢onOilK)n5 attathing lolhe 9ranttr￿len1ts￿sthe d4rKYchaDty to IsticaltyavDid thecommitmenl. a Iiabllilyforthe lull lundinoobligation mu$1 bo Yes. N¢. R￿d￿ndantY eo Thg tnwje Tr}￿dU￿danCY ptymentSdwDylh8 pelir Yes. No. DefgTrwI In￿rne Nomat£rial Itgm of dèfettÉd h3sbeeD Included in atwunts. Yes- No. Wa. Crodttor¥ The th3tily has Gr&ltor5Ydhich ￿e r(a$ured at s0lue￿I amLwn15 ￿anY rrade di￿U￿18 Yes" No. Nla. All$b￿lty 1$ mo¥$wed ￿ r￿￿l￿on at rt5 gJstaDd then 8ubsequenUy mèasured at thè be$1 Esbmate o1lhpam0untf￿l￿red 10 Sett￿the obligaknon althe Provlslons lorllabHItI•s Yes" No. Nl2' sir fin4n¢ial struments Th$ cfF¥tity ¥c£ounts forbasKfinanual insiYJmgTr1s on Initkil recoanibon as p patsgraph 10.7 FRS102 SORP. subsequ¥nttr.SL￿e￿8fil Lsasper p31aorarth$ 11.17 10 11 19. FRS102 SORP Yes. Nla" 2.4 ASSETS rangible fixed a5setsfor Th&&e a￿ capital￿d Ifwcan be u0 Ihan one year. ar￿ CO￿21 K•a$t itse lrycharty Ye5. No" Wa" Thèyaievalued al¢￿. Th&dep¥e￿alltin ra￿$ used afeLlsdoyed in nob 14. haritybas1ntanglb￿ fixed assets. thai is. non-monelary assets Ihaido noi hav pWc¥l Substan￿ bulaTe IdeTrtifiab￿ and 8re wnlrollEd by the chaltylh￿9h custody orlegal rigNs. The amortisation lates and tneihods used ￿ d￿￿OSed in no￿ 15 kntax9lble flxed a¥ets Yes. No. T1￿Y sre valu8d alusL Yes" N¢" Nlp" charity ha$ hÈfitsg$ assels, ih31 Is. non-mcmetary assets with hislono arti51K. suèntific. ieehnoiryiral, gEophysical orenvironmenbi qU¥litieslharp held and maintained prin&p8ltylorlheJrcoDtrbukn tD kn￿￿*d9¥8nd cullure Thedepreaabon ra￿S and mètThoda as ¢Eclosed in noie ie Yes. No. Nl8' H•rttagè ass•ts Yes" No. Nla. They a￿ Va￿ atcost Fixed asset invesimentsin qvolpd shares, Irad&d b0￿S and ￿Milar invftslmenls are valued at Inili4lly al co51 sub5equenly at far It￿F tnarkgl value) at the year lThv•s¢mBnis Yes. ND. Nla" CC17 FRS 102 SORP 0211D12024

In￿sure0 reliabty Inth￿h (s$e rf 1$ Tnwa5ured al cost less Impaitmenl Investynenl¥ helo ILY res3￿ or pendiny thèK cash ano eash equivaièntsyMlh maturitydaie ot less Ihan 1 year are tseated ¥s.:uNeni $s3el InvemeTrts Yes" No. Nla. Stocks and work in progre5S Stocks hebj for salEas Ptof non<h3diab mEa5ured at th2lowwor¢ost net i¥lisablevalue. Yes. Nl3' GoLyJs orservices proviflèd as partof ?chaalaMe activity are al ne1￿311￿11t value based on potential prowde¢ LYI1￿M5 olstock. Yes" No. W¢¥k in prLwJre55 val￿d at eost le¥5 pnyfDre52eab￿1OsS that is likely t¢ owjron the Yes. No. Debtors linc￿41ng trae deb￿r$ and loans recwvabl ale me8Surtd on inthal rewnitiw at sethementamotsnt ¥ftor any Ire &￿0)Unis0r a￿Unt by the chanty. 5ubsequenly. they arè measurets althecash Nother ¢on$wJtrabDD ewted io bè iètèiv8O. The chadtyhas ithiÈSlmtnts whth li holds for rèsa￿ oi PèndiTry1lR￿sak and cash cash ewwakni$vyrth ¥ matuity dale less than one yègl. These itKludecash on d¢tNJ5il and cash equivslpnts ¥vith a maturity olloss thaq one hd fot investment purpo rather Ihan to rn8el Sl￿-telrn cash commibnerts asihey lall due Debtor¥ Ye5" Nla. Yes. No" Nla" Cumt assgtlnvestments Yes. No" Nla" ThEy are valued altsKvalue exwtwtwe tTh8yqvaltyas ba51cfinanoAI In$iwm9n￿. POLICIE5 ADOPTED ADOITIONAL TO OR DIFFERENT FROM THOSE ABOVE C¢17 FRS 102 SORP 0211012024

SeetÈoR C Notes to the accounts Iconti Note 3 Income Rgstrklad Unrwtrl¢t•d IraCOm• Endwiment fUr￿S lknnds funds Jjalysls ol In¢om& Totallwd¥ Prfory•a Dtynatttyn$ and ]ega¢les'. DonatiL￿s ¥nd ifts Girt Aid Le acies Genera grants provhyed by govemmenvolh ch&nlie$ Mtrmbe'5hip sub5criplions 2nd sponsorships which are in subslance donaiions Donated ooos. f8￿11116$ and $ervice5 Other 1.620 1.620 Total 1.620 1.520 Charitsble a¢tivities= Olher Tolal Other trading activitles: Sale of furniture I homewares 30 30 Other Totsl 30 lthcorne from Investl￿nts.. Inleiesl income Dividend incotne Rental and le851 Other me Total Sepavato material item f Incomo Total Other. Conversion of endovmeni (vDds iTrlo income Gèin disposal of a langible Ixed asstl held for ¢h¥tii .5 own use Galn on dispos81 of a progr)mme related investment Roy311ies from the eW¢iiatson of Mts1￿ClU•l rD hls Olher Totsl TOTAL114COME 1,650 Othèr Info¥Ma￿on'. All in¢(yne iDthe prioryear was unresthctwd exreptfor: (please pro¥lde descrfs*ori and llmouThtsl here arry endtswmtyntknnd is cvnverted Into Incom¥ iththe repDrting period, plea5eglvÈthÈ forthe converslon. Where any endowmtntfuhd ts ¢onverted into Sncomè in th prIor￿n9￿. please givethe reason for the Convprsion. Withln th2 Incomo ¢tem$ above the following rtems are mat¥ri41'. (please disclosethe naturp, and any pdor year aMO￿ntS> Thls y&ar". Whtrg 0￿gInallY denoMInat￿ In forelgn yrrency have been Includ•d In IncomÈ, &xpl?iTh the basls on whlch thosè sumg hav@ b9en translated In¢0 5terting lorlh ¥rrency In which the accounts arè dtswn upl. L15tyear'. Where stsms originally denorThlnaied In foralyn currency hav￿ bpen included in lTrcorne. explain thp ba515 on which those sums have bèen translated into slertSn9 lorth• currency in whichtho are drawrs tsp). GG17a IExGd} 02110tt024

Section C Notes to the accounts Icontl Note4 Analysis of receipts of government grants This year Description Govèmmènt grant 1 Govemment grant 2 Govemment grant 3 Other Total Last year Description Gov•mmènt grant 1 Govemmenl grant z Govemrnent grant 3 Other Total This ear Last ear Please provide dgtails of any unfulfilled conditions and other contingencies attachlng to grants rhat have been recognised In Incomo. Th15 ear Last ear Pleaso glvo detall$ of other fomis of govomm•nt asslstance from which the charity has directly benefited. CC178 IEXCBII 0211012024

Section C Notes to the accounts contl Note S Donated goods. facillties and services This yèar Last year Sg¢ondod staff Use of property Othor This year Last P18a$• provide detsils of th8 accounllng policy for the recognition and valuation of donated goods, facilities and sarvicès. Please provide details of any unfulfilled conditions and other ontingencios attaching to resourc8S from donated goods and s&rvl¢as not recognisad In income. Pleaso givè dètai15 of other fom)s of other donated yood5 and servicès not recognisod in the accounts, eg ¢ontribution ol unpaid voluntègrs. CC17a IExcèll 10 Q211012024

Soction C Noios to thQ accounts Note Expen(Nture AE&trlcted Uw•ttrfLty d& Dlys T4ifurb hmd Ex Incuii&d Incurrèd OpeiBbw mEMb￿￿￿3chEm2￿ End soci St￿ing￿dIalj￿￿ ophiatt￿ charfty shops ch￿LIL48 trad a￿V Ad￿e￿51ng.frWk￿li￿g.￿rIctffiI￿ ar St￿￿p cosls InCu￿ed row DTIUl￿ D4tobase ae¥dtynaffll cost Khvilieg ro5ts. pMtoliomanagEmBN co&1 CastoloblaAilnJhlves￿efftI adwiC¢ le￿ar￿￿argeS TDLiltspBDditurvgn Expendilure on charllablèac￿VlI￿￿'. rnptPri￿¥ [o[train￿g 920 92D TDtsle¥pendltureon charit￿1• 4cIMtks 920 920 itqrn of EX n9e 278 278 Total 278 278 CXh41 83 29 InteMElkos￿7 B￿k char es trJ TOTAL EXPENDMJRE OtherinfDtrnatiw'. AnatyslÉ of Éxvnd1￿Va tbèrltablakctivit￿¥ Th1$ Qr4Tht rundlng01 Last vle IErtaken TtilthLs Swrt Costs Cosls undÈrtako 1.TraiThngo[b￿eTLV￿5 gED 9ZO A￿1¥ hpr 920 gzo h4ve bEeDI￿l￿O knexpendhurp, explilnthi bisli onvhchtMÉè havEbBEfttran5Liledlntn slertln91DrtbE rwrency In thkhth a¢Counlsa￿￿réwn UP ListytAr. Vtheie ￿￿1￿•1yd•n0nlThIl•d1￿ts￿kn bavE bEeD1ncl￿ded InexpendltUlE.explalnthpb451s onvdchthtssè h1VÈ￿•ntra￿5tat0dlntQ ￿e￿Ing{Drth￿ Lwrenryhwbkhlhe 4¢¢oun1s4redrawn upi. C¢17aiExtdl D3[1￿2￿4

Section C Notes to the accounts Icontl Note 7 Extraordinary items Please explain the nature of each extraordinary item occumng in the period. This year Last year Descri tion Extraordinary item I Extraordinary item 2 Extraordlnary Item 3 Extraordinary item 4 Total axtraordlnary items CC17a IExcell 12 0211012024

Section C Notes to the accounts Note 8 Funds recelved as agent 8.1 Plèase Gomplete th￿ note if the charity has agreed to administer Ihe funds of another ontfftyas its agent. No¢e.' If a charlty Is acting as an agent, it shouldnot recognise the Income in the Statement of Financial Activities or the Balance Sheet. Amount received Amount aid out Balancè held at riod ènd Descriptionlname of party Related party (Yes or Nol This year Last year This yèar Last year This year Last year Totsl 8.2 whe￿ a Consortia or5in7ilar arrangement exist$ whereby 2 or more charities co.opèrate to achieve economies in the purchase of goods or sèrvices, please disclosè details olany Ihilanc8s outstanding betsveen anyparticlpatlng members. DescrIp￿0nlnarne of party Balance held at period end This year Last year Total CC17a (Excèll 13 0211012024

Section C Notes to the accounts Note 9 Support Costs Please complete this note if the charity has analyséd Its expenses using activity categories and has support ¢osts. This yèar Raising funds Activlty 1 Activty 2 Activity 3 Grand total BasL8 of allo¢ation Support¢ost exam l&s IDe5cribe method) Premises incl. materials 920 920 Monthl c05t aid Other 920 920 Total Last y•ar Support cost exam les Raislng fund$ Activity 1 Activity 2 A¢tivity 3 Grand total Basi5 of allocat¢on IDÈ$¢ribe methodl Other Total Please provide details of the accounting policy adopted for the apporttonment of costs behveen activities andany estimation tèchniques Used to calculate their apportionment. GC17a (Excell 14 0211012024

Section C Notes to the accounts Note 10 Details of certain types of expenditure Note 10.1 Foès for examination of the accounts Please provide détsils of the amount paid for any statutcry extemal scrutiny of accounts and other services pmvidèd by your independent examinér. If nothing was paidpleasè enter'Q' in the appropriate box(es). Thls year Last year Indepgndont examln•r's f•ès Assuran¢& Services other than indèpendènt examination Tax advlsory fe¢$ Other feès (for èxample: financial advicè, consultan¢y, accountancy sarvl¢8s1 paid to the inde￿nd￿nt examtTrer CC17a (Excell 15 02110J2024

Section C Notes to the accounts (cont} Note 11 Paid employees Please completè this note rf the charity has any employees (transactlons with Trustees d8alt wlth In Note 28) 11.1 Staff Costs Thls year Last year Salarles and wages Social security costs Pension costs (defined contrlbution scheme} other employee benefits Total stsff costs Thls year: Please provide details of expenditurg on staff working for the charity whose Contracts are with and are paid by a Telated party Last ygar: Please provlde dgtails of expenditure on staff working for the charity whose contracls are with and are paid by a related party Please give details of the number of employees whose total employee beneflts fexcluding employer pension costsj fell within each band of £10,000 from £60,t￿O upwards. If there are no such transactions. please enter true'in the box provided. No employees reeeived employee benefits (excluding employer pension costs) for the reporting period of more than £60.000 Band Number of emplo ees This year Last year £60,000 to £69,999 £70,000 to £79,999 £80,000 to £89,999 £90,000 to £99,999 £100,000 to E109.999 This year Last year Please provide the total amount pald to key management 11.2 Averagè head count Sn the year The parts ofthg charlty in which the employees work This year Number Last year Number Total CC178 IEx¢ell 16 1012024

11.3 Ex-gratla payments to employees and others lexcluding trustees) Please complete if an ex-gratia payment is made. Pleasg explain the nature of the payment Thls year Last year Please state the legal authority or reason for making the payment This year Last year This year Last year Please state the amount of the payment lor value of any WaNei of a right to an assetl 11.4 Redundancy payments Please complete if any redundancy or termination payment is made In the perlod. Th￿ year Last year Total amount of paympnt Th& nature ofthe payment Icash, asset etc.) Thls year Last year The extent of redundancy funding at the balance sheet date Please state the accountlng pollcy for any redundancy or tem)ination payments CC17a IExcèll 17 211012024

SeGtion C Notes to the accounts (conti Note12 Deflned contribution pen$ion scheme or dèfined benefit schame accounted for as a defined contrlbution scheme. 12.1 Please Copnplete thls not• if a deflned confrlbution pension s¢hem• 15 operated. This ygar Last year Amount of contrlbutions reco9nised In the SOFA as an expense Please explaln the basls for allocatlng the Ilablllty and expense of defined contribution penslon sch8me behyeen actlvltles and bets¥een restrlcted and unfestri¢ted fund5. 12.2 Please compl•t• this soction wh•r• th• charltyparticlpate$ In a dèlinedbenefitp•nsionp18n but Is unable to ascertain its share of th• underlylng assets and liabllltles. PI835e confirrn that although th• scheme is accounted for as a defined contrlbution plan, it Is a defined benefit plan. Please provide such inforniatlon as Is available about the plan's surplus or deficit and the Implications, if any, for the reporting charlty this ytar and last yaar, if different 12.3 Please complète this $o¢tion wh•r• thè charltypartlclpates In a mutti-employer defined benefit pension plan thatis ac¢ount•d foras a defined contrlbuLlon plan. Descrlbe the exlent to whtch the charlty can be liable to the plan for othèr entities. obligatbons under the tem)s and conditions of the mulli-employer plan. If this is different for last year. provlde detalls Provide an explana￿On of how any liability arTr5ing from an agreement with a multi*mployer plan to fund a deflcit has been deteimlned. It thi5 is different for18st year. provlde details CC17a IExc811 D21T012024

Nol•13 GronUNkln9 Thbs yaar. nls Jthdln ¢0stolttharfta￿par0V￿￿s to dI￿￿ul YS SwpllrtFo¥t¥ Ttslal A#iwtyorw•2 AEllvltytsrpv4Ec14 Tot>1 13.1 Grtnt• mthdtOiMbiulk Y URL. Nam•sol lrtst#ul 9Mniswd£ TofAL GJIANf$pAtD Lastyear.. GThntbtD AnalW5 s￿ppDrt¢u%tB u2 A￿￿￿￿P1￿je¢lJ lJ.4tsrathtsmadFto 5n4tkubDll Y• URL elow PurpDi• T¢tal4mDuntol r•rd• Tol4lqr•ntg loknJfitutlonslnrtpoiwp•rlod roTALGRqNfspA

Notp 14 Ta￿Vibj0 n¥¢d èss¢ Pl#ase£0￿Pj2￿ iMsnOtvitthe¢herltyh•J 4nyt•htrl&lefixod•JB•ts 1&1 Crsl orvilu4Uon FwhtyhJ1a￿J& drys bu11th￿S Atth Wrutyof yppr DISposa TMnsl8rs' SL ￿ Re Isiwi 5LtyFS SL(YR8 SLOrR8 yvar knpFMm￿I Transfqrs. 14.JN¥lbook v4luE N2ibD￿¥3Iw?IltrP Ngibollkva￿￿ atvi gntsollhe year 4A Impqliniwit orr•w•r4lor LaÈtye3r." 1&0 TDlÈyÈ¥ ListyNr th•mlhods Ihls •4uJpfflentlo which1￿Ch￿￿tyhgsRSIf￿I￿￿1iO0orth•1WP1￿￿4￿￿ ' The ?ron5fw5.fjJw￿rormo￿emttnts1rttrtsn 0211￿￿14

Section C Notes to the accounts lcontl Note 15 Intangible assets Please complefe this note if the Charity has any Intsngiblè assèts 15.1 Cost or valuation R¢$ear¢h & developrnent Patents and Irademark5 Other Totsl Al beginning of the A(Idilions Disposals Revaluations Transfers" At end of the year 15.2 Amortisation and impalrmènts 'Basis SLorRB SLorRB SLoiRB SLorRB Straight Line I"SL"lor Reducing Balance 'R8'1 Rats At beginning of the Disptssals Amortisalion Impaimienl Transfers. At end of year 1S.3 Net book valuo Net btrok value al the beginning of the year Net book Volue al the end of the year 15.4 ACCO￿lting policy Plgase disclose the a¢eounting policy for intangible fixed assèts Including.. Reasons for choosing amottisation rates Policles for the recognition of any capital development CC17a IEx¢ell 21 02110r2024

15.5 Impaiment This year= Please provide a descriptlon of the events and circumstances that led to the recognition or reversal ofan impaiment Ios5. Last yèar: Please provide a description of the evonts and circumstances that led to the recognition or reversal olan impairment loss. 15.6 Revaluation If an accounting poll¢y of revaluation is adopted. pl8ase provide.- Th1$ year Last year the effectivo date of the revaluation thé name olindependent valuer, If applicable the methods applied the carrying amount that would have been recognlsed had the assets been carried under the cost mDdel. 15.7 Other disclosure$ fl) If yourlntangible asset was acquired by way of grant, pmvide value on initlal re¢c+gnition and carrying amount of the asset. fil) Details of the carrying amounts of any intanglblè assets to which thè charity has restricted title or that are pledged as security for Ilabilities. (iii) Pleasè provlde the amount of contractual ommitments for the acquisition of intanglble assets. fiv) State the amount of rèsearch and dèvelopmeot expenditure recognisedas expenditura in thè year. (v) Please detail the headings in the SOFA in which a ¢harge for amortisation of intangible assets is includod. (vi) For any material Intangible assets, please pmvlde a description, its carrying amount and any remaining amortisation period. The 'transf8ts' row is for movements belween fixed asset categories. ' Please indicalo th& msthod of depreciation by deleting the method not applicable (SL = straight line," R8 - reducing balance). Also please indicale the rate of dep￿ciali0n.' lo)r slJ7ight line, what ￿ the enlicipated lrfe of the assei yea￿),. for reducing balance, what is tl?e percentage annual deduction. CC170 IExTrll 22 0211012024

Section Note5 to the accounts (cont Note 16 Heritage assets Pleaso Complète this note if the charlty has herltage è55ets 16.1 General dl$¢losures lor all charitlos holding horitsge assgts This year Last year 151 Explaln the nature and scale of hèritage assets h81d. lill Explain the policy for the acquisition. preseThation, managgrnent ond dlsposal of herftage ossets. 16.2 Cost or valuation Heritage asset H8ritage a5S2t Heritag? asset H81iiage asset Total At beginning of the year Ad(litions Disposals R8v8luations Transf8rs' At end ol th8 year 16.3 Depre¢i•tion and impairnents Basis Stiaight Line I'SL lor Reducing Balance Rate At beginning of the year Di5P05als Depreciation Impairtnent Transfers. At end of year 16A Net book value Net book valu• at the begintling of the year Net book value at thè ènd of the year CC173 IEx¢dl 23 0211Q12024

16.5 Impairmgnt This year Ploasepmvlde a de$crfptlon of rh• events and clrcumstances thatled to the recognition or rever$81 of an impairnientlos5. Last year Please pmvide a description of the events and circumstan¢e$ thatled to the re¢ognldon or reversal of an impairn?ent loss. 16.6 Revaluation If an accounllngpolicyof revalu8tion is adopted, please provide.. This year Last year the •ff•ctffve date of th• revaluation the name of independent v8luer, rfappli¢able quallncatlons of Independènt valu•r the methods applled and slgnfflcant assumptions anysignrficant Ilmitations on the valuation 16.7 AETralysi5 of herlta9e a$$ets by class or group di$tingul$Nng those at cost and those at valuation At valuation At cost Group Group A 1 Trjtal Carrying amount at the be9inning ol the penod Additions Disposals Dèpreciats"onfimpaim)ent Revaluation Carrying amount at the end of period 16.8 H8ritag8 a5S8ts (where horllag9 assets are noi r8colgn150d on the balance sheet) Thls year Last year 151 Explain the reason why heritage assets have not bgon recognlsed on thg balance sheet. lill Describe the signifi￿￿¢ and nature of herfta9e assets. liiil Disclose infonnation that Is helpful In a$se$slng tho value of heTitagÈ a$$ets. (lvl Explain th8 reason why tt 1$ not practicable to obtain a valuatlon of herita9e assets. CC17a (EX￿1) 24 0211012D24

16.9 Flv• summary of herltsye assets transactions 2015 2014 2013 2012 2011 Purchage$ Group A Group B Group C Other Donatlons Group A Group B Group C Other Total add1￿0￿$ 1111 Chargo for Impalrngnt Group A Group B Group C Other Total charge for Émpairment DFsposa15 Group A- carrying amount Group B- carrying amount Group C other Total disposals CC17a IExcell 25 02110120Z4

Section C Notes to the attounts Icontl Note 17 Investment assets Please Comp￿t& this notplf Ihe ¢harltyhas 8ny Investsrtentassets. 17.1 Fixed assets investments Iplease provlde lor Èach ¢lass of Inv￿tMent1 & cash 44uivalÈnts Ihvèstmènt properfos Soclal Invèstmpnts Investments other Total C3rrwng (fair) value al beginning of period Add.. addthons tj Imieslment5 during period. Less.. d￿POs4L èi rarF5ryng vahje Less.. impalrm8nts Add.. Fteversal of Smpairm8nts Addlldoductl: transfer inlloutl in the period Ad(Vldedu¢tl: nei y8inlllossl on revaluèiion Carryu)g If2kl value ai end of year "Pl•a88 8P8¢ify add[￿0￿8 Ttrsulting from ac9u15￿eDt cash OT cash oquivalonts Llsted Imiestments Investm8nt prop•rtle8 Social investments Othèr Investments Total Grand total (Fair valu8 aty8ar 8nd+Co8t less impaiTmentl Lastyear.. Analy515 of Investments Falr Yalue at yèarend C05t less Impalmlènt Cash or cash 8qulval8nts LSstod invB$tmgJrts Investment proportios Social Investments Othar InvAstrnonts Totsl GraTid total IFair valuB at yearond+Cost less Impalrmgltl CC17a (EX￿1> 25 0211012024

17.3 If your charity holds investment propèt￿e$, ploase complete the followlng note: Thi5 year Last year lil Explain the methods and significant assumptions in detsrmiThing th8 taSivalut of imf&Stment property hold by thè charity lill NamB or Indtrpendgnt valugf, If appll¢abl8. and relevanl qualifications liiil Provid& d•tai15 of any restvlctlons on th• ablllty lo r8allse Investmènt propgrty or on the remittaThc8 ot Income or di5PDsal proceeds livl Explain any contractual abllgatlons ltsr the purchas•. construction or d&velopmtrnt of invt5tntgnt pro￿rty orfor r8pairs, malntenance or enhan£ement5 17.4 Please provide a breakdown of current asset Inve$trn•nts. il applicable, agreelng wlth th8 balance Analy515 of curreTrt asset Investments Thls ypar Lastyéar Cash OT cash equlvaknts Listed investmènts Investmant proyortie$ Soclal investm8llts Oth•r investmorits Totsl 17.5 Guar8ntse$ This ear Last ear Please provide details and amount of any guavantep mad• to or on bghalf of a thl¥d party Name of thè ontlty or ofit(tlos bbnèfltung from th058 guarantees Please explain how th8 guarants8 lurthevs the charity'5 aims CC17a {Ex￿1 27 03110Q024

1Y.6 Conce88lonary loan8 Ds¢rlption Thlsygar£ Lastyear£ Amount of concessionary loans mad8 IMulTlplg IoaJ)s madè m>yI dlseiDsedrn aggrggateprnvldea tharsuch aggregatlon doesnotobsuffé Signllicort inlormatronl. rotal De5uip&on Thls y•ar£ La¥tyear E Amount ol cot)¢￿$10￿ary loans rectrivtd (Muifyple loan5 recelvedmaybe d15closedlttaggr8gate proviutedthatsuchAggregJtion does nDtobsL¢re Total Thls yeai Last year Yo￿$ and ¢ondltlon$ eg Intomt rate, Socurfty provldtrd Value of any concesssonary loan5 which have bfrBn commltted but not tsken up atthè rèportlng dats Amounts payable wlthln 1 yèar Amounts payabla after moro than 1 year Amounts r•colvabl• wlthln l yoar Amounts rocaivablo afttrr morn than l year 17.7 Additional information This Last Èar Pltase provide Tntormation abouithe si9nifi¢ance of Investments to tho charlty's financlal position oi perfoiman¢o ag. tevms and ¢ondition5 of loans or the us• of h•dging to managA financlal rlsk Forall investmenis measuted at fair value, thè basls foT determinln9 the value, including aThy a5surrbptions applied whBll a valuatfjon technique. Whore a Charity has provldod firban¢ial as5&ts as lorm of security. the Ca￿1￿g amoutit of the financial asset pledged as security and th• torms and ¢oThdStlons rolatfng to its plodge. For all inve5tment5 measured at fair valu•. th8 basls for determinin9 tho valu8, includlng any 55umptions appliod when using a valuation technique. Where a Charity has Provided financial a¥set$ as forni of sècurlty, tho carrylng arnount of the finan¢ial asset pledged as security and term5 and ¢ondition$ rèlating tts its pledge. CC17a IExce,I 2a 0211012024

Section C Notes tothe accounts l¢ontl Note 18 Stocks Please completè thi5 note if the charity holds any stock items 18.1 Plèase stste the carrying amount of stock and work In proyres5 analysed btheen activitigs. Stock Donated goods Work in pro9res5 For distributlon For resale For distributlon For resal• Charitablè actlvlties- Opening Added in perlod Expensed inpetlod ImpaiAvd Closing Other trading activitigs: Opening Addodin perlod E¥pen$ed in period Imp*lr8d Closlng Other: Opening Addedin perlod Expenseil In period IM￿•red Closlng Total this yoar Total previous year Thi5 ear Last ear 18.2 Please specify the carrying amount of any stocks plodged a5 security for liabilllle$ CC17a IEx¢ell 2a 0211012024

Section C Notes to the accounts {cont) Note 19 Debtors and prepayments Please complete thls note if the charity has any debtors orprepayments. 19.1 Analysis of debtors This year Last year Trade debtors Prepayments and accrued income Other debtors Total Complete 19.2 where a material debtor is recoverable more than a year after the reporting date. 19.2 Disclosure of debtors recoverable in more than 1 year (included in debtors above) This year Last year Trade debtors Prepayments and accrued income Other debtors Total CC17a IExcell 30 0211012024

Section C Notes to the accounts Icontl Note 20 Creditors and accruals Please complete this note if the charity has any creditors or accruals. 20.1 Analysis of creditors Amounts falling due within one year Amounts falling due after more than one year This year Last year This year Last year Accruals for grants payable Bank loans and overdrafts Trade creditors Payments received on account for conlracts or perfomiance-related grants Accruals and deferred income Taxation and social security Other creditors Total 20.2 Deferred income Please complete this note if the charity has deferred This year Last year Please explain the reasons why income is deferred. Movement In deferred income account This year Last year Balance at the start of the reporting period Amounts added in current period Amounts released to income from Previous periods Balance at the end of the reporting period CC173 (Excell 31 0211012024

Section C Notes to the accounts (cont} Nots 21 Provisions for liabilities and charges Please complete this note if you have included in charity expenditure any provisions. A provision is made when the charity has a liability of uncertain timing or amount. 21.1 Movements in recognised provisions and funding commitment during the period This year Last year Balanca at the start of the reporting period Amounts added in current period Amounts charged against the provision in the current perlod Unused amounts reversed during the period Balance at the end of the reporting period 21.2 Please provide: a brl8f description of any obligations on the balance sheet and the expected amount and timing of resulting payments; This ear Last year an Indication of the un¢ertalntles about the amount or timing of those outflows; and - the amount of any expected reimbursement, ststing the amount of any asset that has been recognised for that expected reimbursemenL This year Last ar 21.3 For any funding commitment that is not recognised as a liability or provision, provide details of commitment made, the time frame of that commitmenl any performance-related condltlons and details of how the ommitment will be funded {with contracts for capital expenditure separately identified). 21.4 Where unrestrlcted funds have been designated to a fund commitment, please disc105e the nature of any amounts designated and the likely timing of that expenditure. CC17a IExcell 32 0211012024

Section C Notes to the accounts (cont} Note 22 Other dlsclosures for debtors, creditors and other basic financial instruments This year Last year 22.1 Please provide informatlon about the significance of financial instruments leg. debtors, creditors, investments ot¢) to the charity's financial position or performance, for example, the terms and Conditions of loans or the use of hedging to mana99 financial risk. 22.2 If the charlty has provlded financial assets as a form of securlty, the carrying amount of the financial assets pledged as securlty and the terms and eonitions related to its pledge should be given here. CG17a (Excell 33 211012024

Section C Notes to the accounts Icontl Note 23 Contingent liabllltles and contingent assèts 23.1 Contlng•nt liablllties Where the charlty has contingent liabililitie5, pleasè compl•le the following section Un￿$8 the possibility of their existence is remote. This year Description of Ètem includlng Its legal nature. Please describe any security provided In onnection to the liability. Estimate of flnancial effect Last ear D?5cription of item Including its legal nature. PFease deseribe any security provlded in connection to the Ilability- Estimate of financlal •ff#et 23.2 Contingent assets Where the charlty has contingent assets, please complete th8 following 8ectlon whèn their existence is probable This yèar Dèscription of Item Estlmate of financial effect Last year Descri tion ol item Estlmatè of financial effect 23.4 Other disclosures for contingent a$$ets andlor liabilities Please provlde tho following information where practicable.. Thls year Last year Explain any uncertalntles relatlng to the amount or tirning of $ettlement', and th8 pos$ibllty of any reimbursement Where It Is not prdctical to make one or morè of the$e disclosuros, p18ase state this fact C17a (Excell 34 0211012024

Sectton C Notes to the accounts (cont> Note 24 Cash at bank and in hand This year Last year Short term cash investments {less than 3 months maturity date) Short term deposits Cash at bank and on hand Other Total 329 CC17a (Excell 35 0211012024

Section C Notes to the accounts (cont) Note 25 Falr valug of assets and liabilities This ear Last ear 25.1 PlÈasÈ provirse details of the chartty's exposure to credlt risk lthe risk of in¢urring a loss due to a debtor not paying what Is owed). Ilquldlty rl$k (the rlsk Of not belng able to meet short term flnan¢ial demands) and markèt risk Ithe risk that the value of an investmentwill fall due to changes in the market) arlslng from rinancial instruments to whlch the ¢harlty is exposed at the end ol the reporting period and explaln how the ¢harlty manages th058 ri5k5. 25.2 Please glve details tsf the amount of change in the fair value of bas1¢ financial Instruments Idebtoys, creditors, investments (see sectlon 11. FRS 102 SORPII measured at falr val¢Je thrtsugh the SOFA that Is attrlbutabte to change$ In credit risk. CC178 (EX￿1) 36 0211012024

Section C Notes to the accounts (contl Note 26 Events after the end of the reportlng period Please complete this note events (not requiring adjustment to the accounts) have occurred after the and of the reporting period but belore the accounts are auth0ri5ed which rolate to conditions that arose after the end of the reporting period. This year Last year At the end of the rgporting period, the Charity had submrtled 2 grant applir2lions. and had received 1 positive response to give Comfort on having sufficient income tts oonlinue its activit.es beyond the financial eriod ending 31 Imarch 2023. Please provlde details of tho nature of the event Provide an estimate of the flnancial eff9Ct of the event or a statement that such an estirnate cannol be made CC173 IExoell 37 0211012024

1111111111 1111111111 1111111111 1111111111 1111111111 1111111111 7) *J

1111111111 1111111111 1111111111 1111111111 1111111111 1111111111

Section C Notes to the accounts (cont) Note 27 Charity funds (cont) 27.3 Transfers between funds This year Reason for transfer and whgre endowment is converted to income. legal power for its conversion Amount Between unrestricted and restricted funds Be￿een endowment and restricted funds Be￿een enlowment and unrestricted funds Last year Reason for transfer and where endowment is converted to income, legal power for it5 conversion Amount BebNeen unrèstricted and restricted funds Beiween endowment and restricted funds Belween endowment and unreslricled funds 27.4 Designated funds This year Planned use Pur oso of the desi nation Amount Last year Planned use Pur ose of the desi natlon Amount CC17a IExTrll 40 0211012024

Section C Notes to thè accounts Icontl Note 28 Transactions wlth trustees and related parties If the ¢harity has any transactions with relatedpartfes (other than the trustee expenses explained In guldance note5) deralls of such transactions should be provld•d in thls notè. If there are no transactlons to report, please enter"True" In the box or-Fèlse" if there are transactions to report. 28.1 Trustge rgmuneration and benefits This year None of the tNstees have beeFt patd any remuneratlon or recelved any other beneflts from an Omploymèntwith their Charity or a related entity ITrue or Falsel TRUE In the period the charlty has paid trustee5 remuneratlon and beneflts. Pl•ase glve the amount of, andlegal authority for. any remuneratlon or oth•rbenefits paid to a trust•• by the charity orany instltutlon or company connected wifh It. Amounts pald or benefit value Legal authorlty leg order, governlng ￿￿umentI Remunèration Ponslon contribution Rèdundancy (including loss of offitevex ratia other TOTAL Name of trustee Please glve details of why rèrnuneration or other èmploymgnt beneflls werepaid. Where an ex grntla paymont hès been made to a trustee, providè an explanatson of the nature of thepayfn•nt. If 4 thtiril partyhas been rgimburs•d forproviding one or more trnstèès, state the nature of the payment and amount of the reimbursemenL ato th8 number of trusfees to whom retlremglft beneflts are accruing under a dellned contribution pension scheme. Last year None of the tru8tees have been paid any remuneration or received any other b8nefit5 from an employment with their charity or a related entlty ITrue or Falsel CC17a IExcell 41 0211012024

In th+period thè charity ha5paid ttvstees remuneration andbeneflts. Pl•ase give the amountof. and legal authorlty for. any remuneratlon or otherbenefits pald to a trustee by the charlty oranyinstitution or company connected wlth it. Amounts paid or beneflt valuè Lègal aUtho￿ty leg order, governlng document) R•muneration Pension contrlbution Redulldancy Ilntludlng loss of officellex graba Other TOTAL Name of trustèe Pleasè glvè details of why remuneratlon or other èmployment benefits wwepald. Wh•re an ￿ 9ratla paym•nr has been made to a tmst8•, pmwide an explanation ofthe natur• ofth• paymen¢ If a third party has been reimbursed forprovldlng one or more trustees, state the nature of thepayment and amount of the rein7bursement. Stat• th• nuffibèr of trustee$ to whom retlr•mènt benefits are accruing under a deflned conthbution penslon schème. 28.2 Trustees. expenses If the charity lJa5 paid trustees •xp•ns•s forfulfilling thelr dutles, details of su¢h transactions shouldbe pro¥ldod in this note. If there are no transactions to report please •nt•r"frue" in the box below. Mthère are transactlons to report please ent•r"False-. No trustse èxpènses have been Incurred {Tr￿ or Falsel TRUE Type of expenses relmburse Thi$ year Last year Travel Subsistence Accommodatlon other Iplease specify).. TOTAL Plèase provide the number of trustees relmbur5ed for expenses or who had expenses pald by the Charity CC17a (EX￿1) 42 0211012024

28.3 Transaction{sl with related parties Pl•ase glve dètails of any transaction und+rtak•n by (or on behalf ofj the charlty in which a relatedparty has a material interest. including where funds have been held as agenr for Telatedparties. If there a￿ no such tran58Ctlons, please enter rue'in the box provlded. Thls year There have bèèn no related party transactlofts lft the reportyng period (True or Falsel FALSE Amounts wrltten off durlng reporung eriod Name of the trustee or related paity Relationship to charity Description of the transactionlsl Arnount Balanee at perlod end Provislon for bad debts at perfod ènd Millrace Foundation was created from Separating Co- operative's charitablè activities Thg two entities have common addresses and slafflvdunteer Donation to estat￿lSh the charity The Millrace Fuffliture Co-operab've 1,620 The co￿pera￿'Ve provide5 CIO a¢￿$$ to resources. namety piemises. equipmenL and materials to support Clo'5 provision of training to benefioarie5, and these are ch&rged"at cosf rather than at market ratès on a monthly basis. This amount rep￿Sents 2 months. worth of payments to cover the 2 mollth5 of training in the finanoal period. The Millrace Furniture Ctroperative As 2bove On8-off reimbursement lo Co-operative of CIO wÈbsrte start-up C0515. The Millrace Furniture CcHJperaiive As above 83 In relatlon to thè transactions above, pleas• provlde the ternis and conditions, Includffng any security and the nature of anypaymenf {consAderatlonJ to be provide¢Y In settlement Thefe are Iwere no terms and tondi(ions relating to the dor.3lion receDied. A conlr3cI exists berween Ihe two parties. oullinging acce55 to premises. equiomenl and use of materials is provbaed In exchange for a rronlhty arn?unt able tu the Co eralive b the CIO. Forany relatedparty, please provide detalls of any guarantees given orreceived. Last year There have been no r8131ed party transactlons In the reporting period (True or Fals81 CC178 (Excell 43 0211012024

Amounts written off durlng reporting erlod Name of the trustee or related party Reladonshlp to charity Description of the transactlonlsl Provislon for bad debts at perlod elld Amount Balance at perlod end In relation to the transactions above. pleasepmvlde the terms and conditlons, includlng any security and the natur• of anypaym•nt{consideration) to beprOvId￿1n settlement. Forany r&latedpaty, please provldè details of any guarantees givèn orreceived. CC17a (Excell 44 0211of2024

Section C Notes to the accounts (cont) Note 29 Additional Disclosures The following are significant matters which are not covered in other notes and need to be included to provide a proper understanding of the accounts. It there 1$ insuffjcient room here, please add a separate sheeL Length of reporting period.. Due to the date of incorpor31ion being 22 Sept 2022, and the Charity chose to use a 31 March 2023 Financi21 Year End date, the CIO has subsequently has prepared an Annual Report for a period of less than 12 months (6 months and 8 days). The Charity has the legal authority to do this as a CIO providing il adheres to the Charity Commission rules. A5 this was the first period of operating under the CIO structure therfr are no comparative amounts in the accounts or related notes. CC17a (Excell 45 0211012024

CHARITY COMMISSION FOR ENGLAND AND WALES Independent examiner's report on the accounts Section A Independent Examiner's Report Roport to the trusteesldireclorsl members of The Millrace Foundation On accounts for the year ended 31 March 2023 Charity no.: 1200465 Company no.: Set out on pages Enclosed Excel I report lo the charity trustees on my examination of the accounts of the Company for the year ended 31103 12023. Responsibilities and basls of report As the charity's trustees of the Company (who are also the directors of the company for the purposes of company lawl, you are responsible for the preparation of the accounts in a¢¢ordan¢e with the requirements of Ihe Companies Act 20061.the 2006 Act'l Having satisfied myself that the accounls of the Company are not required lo be audited for this year under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity s accounts as carried out under section 145 of the Charities AGI 2011 {"Ihe 2011 Act'l. In carrying out my examination, I have followed the Directions given by the Charity Commission (under section 145{51{bl of the 2011 Act. Independent examiner's statement l am qualified to undertake the examination by being a qualified member of linsert name of applicable listed bodyl I have completed my examination. I confirm that no material matters have come to my attention (other than that disclosed below ") which gives me cause lo believe that.. * account1ng records were not kept In accordance with geclion 386 of the Companies Act 2006., or the accounts do not aword with such records.. or the accounts do not comply with relevant accounting requirements under section 396 of the Companies Ad 2006 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., or .Ihe accounts have not been prepared in accordance with the Charities SORP IFRS1021. IER October 2018

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts lo be reached. Please delete the words in the brackets if they do not apply Signed: Date: Name: Relevant professional qualificationlsl or body lif anyl: a4J,lereJ Trsl ble dl_- CINA Address: l/EI Section B Disclosure Only complete If the examiner needs lo highlight material matters of concern (see CC32, Independent examination of charity accounts.. directions and guidance for examiners). Give here brief details of any Items that tho examiner wishes to disclose. IER October 2018