2024-03-31-accounts - The Millrace Foundation CIO

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Trustees’ annual report (including Directors’ report) for the period

From: 1 Apr 2023 Period start date To: 31 Mar 2024 Period end date

Charity name: The Millrace Foundation

Charity registration number: 1200465 Company number: NA

Objectives and activities

	SORP reference
Summary of the purposes of the charity as set out in its governing document	Para 1.17	The Millrace Foundation (hereafter “The Charity” or “The Foundation” or “Millrace”) provides therapeutic activities in the form of training in furniture restoration for adults who suffer from mental health and associated difficulties. The charity operates in Chelmsford, covering the Chelmsford area and Mid-Essex. The Millrace Foundation is a Charitable Incorporated Organisation, established in Sept 2022.
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	The objects of the Foundation are principally, but not exclusively within Chelmsford and surrounding Districts in the Country of Essex (hereinafter referred to as the “area of benefit”). Its objects shall be for the public benefit and are specifically restricted to the following: 1) The relief of adults in the area of benefit who are experiencing one or more of the following: social isolation or exclusion; mental or physical ill health; learning disabilities; 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 groups 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 time. 2) To promote health by assisting in the treatment and care of persons with mental or physical illness, learning difficulties and /or in recovery from addiction or in need of rehabilitation by

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		the provision of a safe, structured, therapeutic work environment from which to build their individual capacity and workplace skills so as they may return to work or improve their well-being and quality of life. 3) 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. 4) The fulfilling of such other purposes as may from time to time be recognised by English law as being charitable and which the Charity shall from time to time determine.
Statement confirming whether the trustees have had regard to the guidance issued by the Charity Commission on public benefit	Para 1.18	During the financial year ending 31 March 2024, the trustees have had regard to the Charity Commissions’ guidance on public benefit.

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

	SORP reference
Policy on grant making	Para 1.38	The CIO does not make grants.
Policy on social investment including program related investment	Para 1.38	NA
Contribution made by volunteers	Para 1.38	During the financial period, the Foundation had 4 volunteers with the following responsibilities: • Website design • IT & systems • Business Manager • Financial Administrator In addition to these specific responsibilities, all 4 attended meetings to provide input on other matters from time to time.
Other

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Achievements and performance

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	During this first full year of operations, the charity supported 10 beneficiaries with the benefit of consistent grant funding from a diverse range of providers, having employed its two trainers (previously volunteers), to ensure continuity of training to existing beneficiaries and capacity for new beneficiaries which joined during the year. The charity surveyed existing beneficiaries to assess the impact the services were having, and the results were very positive. Feedback provided emphasised the benefits of the charity’s training programmes, including supporting routine, a sense of purpose, focus and self- esteem, while enhancing social connectedness. As two founding trustees stepped away, 3 new trustees joined, bringing with them experience in project management, finance, social media and marketing.

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

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

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Financial review

Financial review
Review of the charity’s financial position at the end of the period	Para 1.21	At the end of the reporting period, after donations were used to meet costs, the charity held assets of £3,996, comprising amounts defined as cash in hand and also prepayment of insurance. This is before liabilities falling due within one year are applied.
Statement explaining the policy for holding reserves stating why they are held	Para 1.22	Reserves represent residual balances from donations, grants or other income, which has not yet been spent but will be used in future periods to meet costs of providing training services to beneficiaries and related governance costs or other expenses.
Amount of reserves held	Para 1.22	£2,347 as at 31Mar2024 Balance sheet date. This comprises assets of cash and a prepayment offset by liabilities, as explained in the notes to the charity’s annual accounts. The reserves represent a year-on-year increase of £2,018 compared to the FYE31March2023 balance of £329.
Reasons for holding zero reserves	Para 1.22
Details of fund materially in deficit	Para 1.24
Explanation of any uncertainties about the charity continuing as a going concern	Para 1.23	NA

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	During this financial period, the principal sources of funds were 5 grants and 2 donations from a related party. We are very grateful to the grant- making bodies and donors for these contributions to our work in the community. In future periods, the charity intends to diversify the sources of funds so the charity can gradually become more self-sufficient.
Investment policy and objectives including any social investment policy adopted	Para 1.46
A description of the principal risks facing the charity	Para 1.46	The charity has 2 main risks. The first is ongoing access to funding. This is mitigated by proactive engagement with grant-awarding bodies, plans to diversify revenue streams. The second is capacity, as we are always enthusiastic to take on new beneficiaries, but must do so in a measured way to prevent compromising the service to existing beneficiaries, or over- stretching our two employees.
Other

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Structure, governance and management

Description of charity’s trusts:
Type of governing document: for example,trust deed, memorandum and articles of association etc	Para 1.25	The Millrace Foundation’s governing document is its Charitable Incorporated Organisation constitution.
How is the charity constituted? for example limited company, unincorporated association, CIO	Para 1.25	The Charity is aCharitable Incorporated Organisation (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	The Charity recruits and appoints new trustees in accordance with its constitutional provisions. The Charity reaches out through predominantly online channels to attract individuals with an interest in the Charity’s activities and who demonstrate the necessary skills that the Charity may need at the time. To become a trustee, the individual must submit a CV, read the Charity Commission’s guidance and other material specific to Millrace, and meet at least one of the extant trustees and at least one of the Charity’s employees before they are presented to a quorate meeting for appointment by one or more of the trustees.

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

Policies and procedures adopted for the induction and training of trustees	Para 1.51	The charity has policies and procedures for induction based on Charity Commission guidelines.
The charity’s organisational structure and any wider network with which the charity works	Para 1.51
Relationship with any related parties	Para 1.51	The Millrace Foundation has a legacy connection to The Millrace Furniture Co-operative, and still benefits from access to resources, notably premises, equipment, and materials which are charged to it “at cost” rather than at the prevailing market rates. Subsequently, The Millrace Furniture Co-operative is considered to be a related party. Full disclosure of related party transactions can be found in the CIO’s Annual Accounts (CC17a format).

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Other

During this first full year of operations, the original Charity Trustees sought to appoint additional trustees with appropriate skills to support the Charity in the long-term; incl. governance, finance, marketing, and project management skills. These individuals were subsequently appointed in late 2023 and early 2024, allowing a transition as two original Trustees resigned over the same period. Subsequently, both past and current Trustees are listed in this Annual Report, which is signed off by the current Trustees in post at the end of the reporting period.

Reference and administrative details

Charity name	The Millrace Foundation
Other name the charity uses
Registered charity number	1200465
Charity’s principal address	Moulsham Mill, Parkway, Chelmsford, Essex CM2 7PS

Names of the charity trustees who manage the charity

Trustee name	Office (if any)	Dates acted if not for whole year
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	From 20 Dec 2023
Hannah Wellard	Marketing & Events Sub-committee Lead	From 28 Feb 2024

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19 20

– 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)

Names and addresses of advisers (optional information)	Names and addresses of advisers (optional information)	Names and addresses of advisers (optional information)
Type of adviser Name Address




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

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Exemptions from disclosure

Reason for non-disclosure of key personnel details

Other optional information

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 trustees/directors

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Signature(s)
Abigail Parton
Full name(s) Daniel Hackett
Position (for example Chair Treasurer
Secretary, Chair, etc)
Date
31/01/2025
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Millrace Foundation CIO Charity No 1200465
Company No NA
Annual accounts for the period
Period end
Period start date To
01-Apr-23 date 31-Mar-24
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Section A Statement of financial activities (including summary income and expenditure account)

Guidance Note S01 S02 S03 S04 S05 S06 S07 Expenditure (Notes 6) Expenditure on: S08 S09 S10 S11 S12 S13 Tax payable S14 S15 Net gains/(losses) on investments S16 S17 Extraordinary items S18 S19 S20 Other gains/(losses) S21 S22 *Reconciliation of* *funds:* S23 S24 Net income/(expenditure) before tax for the reporting period *Total* Recommended categories by activity Income and endowments from: Charitable activities *Total funds carried forward* *Total* Net income/(expenditure) after tax before investment gains/(losses) Net income/(expenditure) Transfers between funds Other trading activities Gains and losses on revaluation of fixed assets for the charity’s own use Charitable activities Investments Separate material expense item Total funds brought forward Raising funds Separate material item of income Other Other Donations and legacies Income (Note 3) *Net movement in funds* Other recognised gains/(losses):	Unrestricted funds Restricted income funds Endowment funds £ £ £ F01 F02 F03 20,808 - - - - - - - - - - - - - 1,500 - -	Total funds Prior year funds £ £ F04 F05 20,808 1,620 - - - 30 - - - - 1,500 -
	22,308 - -	22,308 1,650
	- - - 17,162 - - 1,319 160 - -	- - 17,162 920 1,319 278 160 123
	18,640 - -	18,640 1,321

	3,667 - -	3,667 329
	- - -	- -
	3,667 - -	3,667 329
	- - -	- -
	3,667 - -	3,667 329
	- - - - - - - - - - - -	- - - - - - -
	3,667 - -	3,667 329
	329 - -	329
	3,996 - -	3,996 329

Millrace Foundation CIO Charity No 1200465 Company No NA

Section B Balance sheet

Unrestricted funds £ F01 - - - -	Restricted income funds £ F02 - - - -	Endowment funds Total this year £ £ F03 F04 - - - - - - - -	Total last year £ F05
			- - - -
-	-	- -	-
- 502 - 3,494	- - - -	- - - 502 - - - 3,494
			- - - 329
3,996	-	- 3,996	329
			-
1,649	-	- 1,649

2,347	-	- 2,347	329

2,347	-	-2,347	329
			- -
- -	- -	- - - -

2,347	-	- 2,347	329
- 2,347	-	- - - 2,347 -	- - 329
2,347	-	- 2,347	329

The company was entitled to exemption from audit under s477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to small companies subject to the small companies regime and in accordance with FRS102 SORP.

Signed by one or two trustees/directors on behalf of all the trustees/directors

Signature of director authenticating accounts being sent to Companies House

	Print Name & Signature	Print Name & Signature	Date of approval dd/mm/yyyy
Abigail	Parton
			31/01/2025
			31/01/2025
Daniel	Hackett

		Signature	Date dd/mm/yyyy

			Print name

CC17a (Excel)

31/01/2025

Section C Notes to the accounts

Note 1 Basis of preparation

This section should be completed by all charities .

1.1 Basis of accounting

These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts. The accounts have been prepared in accordance with:

the Statement of Recommended Practice: Accounting and Reporting by Charities • and with  preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 • and with  the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) • and with the Charities Act 2011.

The charity constitutes a public benefit entity as defined by FRS 102.*

-Tick as appropriate

1.2 Going concern

If there are material uncertainties related to events or conditions that cast significant doubt on the charity's ability to continue as a going concern, please provide the following details or state "Not applicable", if appropriate:

An explanation as to those factors that support The Trustees have prepared the Annual Report for period ending the conclusion that the charity is a going 31 March 2024 on a going concern basis, noting at the time of concern; signing, the charity continues to benefit from grant funding to support its operations.

Disclosure of any uncertainties that make the NA going concern assumption doubtful;

Where accounts are not prepared on a going NA concern basis, please disclose this fact together with the basis on which the trustees prepared the accounts and the reason why the charity is not regarded as a going concern.

1.3 Change of accounting policy

The accounts present a true and fair view and no changes have been made to the accounting policies adopted in note { }.

Yes  * -Tick as appropriate No 

Please disclose:

*Please disclose:*
*(i) the nature of the change in accounting policy;*	NA
*(ii) the reasons why applying the new accounting policy*
*provides more reliable and more relevant information;*	NA
*and*

CC17a (Excel)

31/01/2025

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(iii) the amount of the adjustment for each line affected NA
in the current period, each prior period presented and
the aggregate amount of the adjustment relating to
periods before those presented, 3.44 FRS102 SORP.
1.4 Changes to accounting estimates
No changes to accounting estimates have occurred in the reporting period (3.46 FRS102 SORP).
Yes 
-Tick as appropriate
No 
Please disclose:
(i) the nature of any changes; NA
(ii) the effect of the change on income and expense or
NA
assets and liabilities for the current period; and
(iii) where practicable, the effect of the change in one or
more future periods.
NA
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1.5 Material prior year errors

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No material prior year error have been identified in the reporting period (3.47 FRS102 SORP).
Yes 
-Tick as appropriate
No 
Please disclose:
(i) the nature of the prior period error; NA
(ii) for each prior period presented in the accounts, the
amount of the correction for each account line item
affected; and
NA
(iii) the amount of the correction at the beginning of the
earliest prior period presented in the accounts.
NA
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CC17a (Excel)

31/01/2025

Section C Notes to the accounts (cont)

Note 2 Accounting policies

This standard list of accounting policies has been applied by the charity except for those deleted. Where a different or additional policy has been adopted then this is detailed in the box below.

2.1 RECONCILIATION WITH PREVIOUS GENERALLY ACCEPTED ACCOUNTING PRACTICE

Please provide a description of the nature of each change NA in accounting policy Reconciliation of funds per previous GAAP to funds determined under FRS 102 Start of End of period period £ £ Fund balances as previously stated Adjustments: Fund balance as restated Reconciliation of net income/(net expenditure) per previous GAAP to net income/(net expenditure) under FRS 102 End of £ Net income/(expenditure) as previously stated Adjustments: Previous period net income/(expenditure) as restated

CC17a (Excel)

31/01/2025

Section C Notes to the accounts (cont)

Recognition of income
2.2 INCOME
Donated goods
In the case of performance related grants, income must only be recognised to the extent
that the charity has provided the specified goods or services as entitlement to the grant
only occurs when the performance related conditions are met (5.16 FRS 102 SORP).
Volunteer help
The value of any voluntary help received is not included in the accounts but is described
in the trustees’ annual report.
Donated services and
facilities
Contractual income and
performance related
grants
Gifts in kind for use by the charity are included in the SoFA as income from donations
when receivable.
Support costs
Donated services and facilities that are consumed immediately are recognised as income
with an equivalent amount recognised as an expense under the appropriate heading in
the SOFA.
Government grants
The charity has received government grants in the reporting period
Legacies
Tax reclaims on donations
and gifts
Legacies are included in the SOFA when receipt is probable, that is, when there has
been grant of probate, the executors have established that there are sufficient assets in
the estate and any conditions attached to the legacy are either within the control of the
charity or have been met.
Income from membership
Income from interest,
royalties and dividends
The charity has incurred expenditure on support costs.
This is only included in the SoFA once the charity has provided the related goods or
services or met the performance related conditions.
The cost of any stock of goods donated for distribution to beneficiaries is deemed to be
the fair value of those gifts at the time of their receipt and they are recognised on receipt.
In the reporting period in which the stocks are distributed, they are recognised as an
expense at the carrying amount of the stocks at distribution.
Donated goods for resale are measured at fair value on initial recognition, which is the
expected proceeds from sale less the expected costs of sale, and recognised in 'Income
from other trading activities' with the corresponding stock recognised in the balance
sheet. On its sale the value of stock is charged against 'Income from other trading
activities' and the proceeds from sale are also recognised as 'Income from other trading
activities'.
Goods donated for on-going use by the charity are recognised as tangible fixed assets
and included in the SoFA as incoming resources when receivable.
Donated goods are measured at fair value (the amount for which the asset could be
exchanged) unless impractical to do so.
Offsetting
Grants and donations
Note 2 Accounting policies
Donated services and facilities are included in the SOFA when received at the value of
the gift to the charity provided the value of the gift can be measured reliably.
Gift Aid receivable is included in income when there is a valid declaration from the donor.
Any Gift Aid amount recovered on a donation is considered to be part of that gift and is
treated as an addition to the same fund as the initial donation unless the donor or the
terms of the appeal have specified otherwise.
There has been no offsetting of assets and liabilities, or income and expenses, unless
required or permitted by the FRS 102 SORP or FRS 102.
Membership subscriptions received in the nature of a gift are recognised in Donations
These are included in the Statement of Financial Activities (SoFA) when:
 the charity becomes entitled to the resources;
 it is more likely than not that the trustees will receive the resources;
 the monetary value can be measured with sufficient reliability.
Grants and donations are only included in the SoFA when the general income recognition
criteria are met (5.10 to 5.12 FRS102 SORP).
This is included in the accounts when receipt is probable and the amount receivable can
be measured reliably.

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CC17 FRS 102 SORP

31/01/2025

subscriptions and Legacies. Membership subscriptions which gives a member the right to buy services or other benefits are recognised as income earned from the provision of goods and services as income from charitable activities.

Settlement of insurance Insurance claims are only included in the SoFA when the general income recognition criteria are met (5.10 to 5.12 FRS102 SORP) and are included as an item of other claims income in the SoFA. This includes any realised or unrealised gains or losses on the sale of investments and Investment gains and any gain or loss resulting from revaluing investments to market value at the end of the losses year.

2.3 EXPENDITURE AND LIABILITIES

Liabilities are recognised where it is more likely than not that there is a legal or Liability recognition constructive obligation committing the charity to pay out resources and the amount of the obligation can be measured with reasonable certainty. Governance and support Support costs have been allocated between governance costs and other support. costs Governance costs comprise all costs involving public accountability of the charity and its compliance with regulation and good practice. Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources, eg allocating property costs by floor areas, or per capita, staff costs by the time spent and other costs by their usage. Grants with performance Where the charity gives a grant with conditions for its payment being a specific level of conditions service or output to be provided, such grants are only recognised in the SoFA once the recipient of the grant has provided the specified service or output. Grants payable without Where there are no conditions attaching to the grant that enables the donor charity to performance conditions realistically avoid the commitment, a liability for the full funding obligation must be recognised. Redundancy cost The charity made no redundancy payments during the reporting period. Deferred income No material item of deferred income has been included in the accounts. Creditors The charity has creditors which are measured at settlement amounts less any trade discounts A liability is measured on recognition at its historical cost and then subsequently Provisions for liabilities measured at the best estimate of the amount required to settle the obligation at the reporting date Basic financial The charity accounts for basic financial instruments on initial recognition as per paragraph 10.7 FRS102 SORP. Subsequent measurement is as per paragraphs 11.17 instruments to 11.19, FRS102 SORP. 2.4 ASSETS Tangible fixed assets for These are capitalised if they can be used for more than one year, and cost at least use by charity They are valued at cost. The depreciation rates and methods used are disclosed in note 14. The charity has intangible fixed assets, that is, non-monetary assets that do not have Intangible fixed assets physical substance but are identifiable and are controlled by the charity through custody or legal rights. The amortisation rates and methods used are disclosed in note 15.

They are valued at cost. The charity has heritage assets, that is, non-monetary assets with historic, artistic, scientific, technological, geophysical or environmental qualities that are held and Heritage assets maintained principally for their contribution to knowledge and culture. The depreciation rates and methods used as disclosed in note 16.

They are valued at cost. Fixed asset investments in quoted shares, traded bonds and similar investments are Investments valued at initially at cost and subsequently at fair value (their market value) at the year end. The same treatment is applied to unlisted investments unless fair value cannot be measured reliably in which case it is measured at cost less impairment. Investments held for resale or pending their sale and cash and cash equivalents with a maturity date of less than 1 year are treated as current asset investments Stocks and work in Stocks held for sale as part of non-charitable trade are measured at the lower or cost or progress net realisable value.

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CC17 FRS 102 SORP

31/01/2025

Debtors

Current asset investments

Goods or services provided as part of a charitable activity are measured at net realisable value based on the service potential provided by items of stock.

Work in progress is valued at cost less any foreseeable loss that is likely to occur on the contract.

Debtors (including trade debtors and loans receivable) are measured on initial recognition at settlement amount after any trade discounts or amount advanced by the charity. Subsequently, they are measured at the cash or other consideration expected to be received.

The charity has investments which it holds for resale or pending their sale and cash and cash equivalents with a maturity date less than one year. These include cash on deposit and cash equivalents with a maturity of loss than one year held for investment purposes rather than to meet short-term cash commitments as they fall due.

They are valued at fair value except where they qualify as basic financial instruments.

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POLICIES ADOPTED ADDITIONAL TO OR DIFFERENT FROM THOSE ABOVE

CC17 FRS 102 SORP

31/01/2025

Section C Notes to the accounts (cont)

Note 3 Income

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Restricted
Unrestricted income Endowment
Analysis of income funds funds funds Total funds Prior year
£ £
Donations Donations and gifts 1,323 - - 1,323 -
and legacies: Gift Aid - - - - -
Legacies - - - - -
General grants provided by government/other
charities 19,485 - - 19,485 -
Membership subscriptions and sponsorships
which are in substance donations
- - - -
Donated goods, facilities and services - - - - -
Other - - -
Total 20,808 - - 20,808 -
Charitable
activities: - - - - -
- - - - -
- - - - -
Other - - - - -
Total - - - - -
Other trading
activities: - - - - -
- - - - -
- - - - -
Other - - - - -
Total - - - [ - - ]
Income from Interest income - - - - -
investments: Dividend income - - - - -
Rental and leasing income - - - - -
Other - - - - -
Total - - - [ - - ]
Separate Bridging loan 1,500 - - 1,500 -
material item - - - - -
of income - - - - -
- - - - -
Total 1,500 - - [ 1,500 ] -
Other: Conversion of endowment funds into income - - - - -
Gain on disposal of a tangible fixed asset held
for charity's own use - - - - -
Gain on disposal of a programme related
investment - - - - -
Royalties from the exploitation of intellectual
property rights - - - - -
Other - - - - -
Total - - - [ - - ]
TOTAL INCOME 22,308 - - 22,308 -
Other information:
All income in the prior year was unrestricted except for: (please
provide description and amounts)
Where any endowment fund is converted into income in the
reporting period, please give the reason for the conversion.
Where any endowment fund is converted into income in the
prior period, please give the reason for the conversion.
£2734 - Grant from Chelmsford City Council, £4,500 Grant
Within the income items above the following items are material: from Mulberry Trust, £7,250 Grant from Essex Community
(please disclose the nature, amount and any prior year Fund, £5,000 Grant from Mary Kinross Trust. Donations £560
amounts) and £762.60 both from The Millrace Furniture Co-operative
(see related party transactions). Bridging Loan £1,500 from an
employee (see related party transactions). No prior year
amounts.
This year: Where sums originally denominated in foreign
currency have been included in income, explain the basis on
which those sums have been translated into sterling (or the
currency in which the accounts are drawn up).
Last year: Where sums originally denominated in foreign
currency have been included in income, explain the basis on
which those sums have been translated into sterling (or the
currency in which the accounts are drawn up). CC17a (Excel) 9
----- End of picture text -----

31/01/2025

Section C Notes to the accounts (cont)

Note 4 Analysis of receipts of government grants

Government grant 1
Government grant 2
Government grant 3
Other
Government grant 1
Government grant 2
Government grant 3
Other
Please provide details of any
unfulfilled conditions and other
contingencies attaching to grants
that have been recognised in income.
Please give details of other forms of
government assistance from which
the charity has directly benefited.

This year
£
2,734
-
-
-
Total 2,734
Last year
£
-
-
-
-
Total
-
This year
This year
Description
Chelmsford City Council grant
Last year
Last year
Description

CC17a (Excel)

31/01/2025

Section C Notes to the accounts (cont)

Note 5 Donated goods, facilities and services

Use of property Other Seconded staff	This year	This year Last year £ £ - - - - - -
		- -
		Last year
Please provide details of the accounting policy for the recognition and valuation of donated goods, facilities and services.
Please provide details of any unfulfilled conditions and other contingencies attaching to resources from donated goods and services not recognised in income. Please give details of other forms of other donated goods and services not recognised in the accounts, eg contribution of unpaid volunteers.

CC17a (Excel)

31/01/2025

Section C Notes to the accounts (cont)

Note 6 Expenditure

----- Start of picture text -----
This year Last year
Restricted Restricted
Unrestricted income Endowment Unrestricted income Endowment
Analysis funds funds funds Total funds funds funds funds Total funds
Expenditure on raising funds: £ £
Incurred seeking donations - - - - - - - -
Incurred seeking legacies - - - - - - - -
Incurred seeking grants - - - - - - - -
Operating membership schemes and social
lotteries - - - - - - - -
Staging fundraising events - - - - - - - -
Fudraising agents
- - - - - - - -
Operating charity shops - - - - - - - -
Operating a trading company undertaking
non-charitable trading activity - - - - - - - -
Advertising, marketing, direct mail and
publicity - - - - - - - -
Start up costs incurred in generating new
source of future income - - - - - - - -
Database development costs - - - - - - - -
Other trading activities - - - - - - - -
Investment management costs: - - - - - - - -
Portfolio management costs
- - - - - - - -
Cost of obtaining investment advice
- - - - - - - -
Investment administration costs
- - - - - - - -
Intellectual property licencing costs
- - - - - - - -
Rent collection, property repairs and
maintenance charges - - - - - - - -
- - - - - - - -
Total expenditure on raising funds - - - - - - - -
Expenditure on charitable activities:
Premises incl. materials for training 5,520 - - 5,520 920 - - 920
Salaries
11,302 - - 11,302 - - - -
Pension 339 - - 339 - - - -
- - - - - - - -
Total expenditure on charitable activities 17,161 - - 17,161 920 - - 920
Separate material item of expense
Insurance 1,319 - - 1,319 278 - - 278
- - - - - - - -
- - - - - - - -
Total 1,319 - - 1,319 278 - - 278
Other
Website setup and initial hosting - - - - 83 - - 83
Internet hosting 160 - - 160 29 - - 29
Bank charges - - - - 11 - - 11
- - - - - - - -
Total other expenditure 160 - - 160 123 - - 123
TOTAL EXPENDITURE 18,640 - - 18,640 1,321 - - 1,321
----- End of picture text -----

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31/01/2025

Other information:

Analysis of expenditure on charitable activities

----- Start of picture text -----
This year Last year
Activities Grant Activities Grant
Support Total this Support Total last
Activity or programme undertaken funding of undertaken funding of
Costs year Costs year
directly activities directly activities
£ £ £ £ £ £ £ £
Activity 1 - Training of beneficiaries 11,303 - 5,520 16,823 - - 920 920
Activity 2 - - - - - - - -
Other - - - - - - - -
Total 11,303 - 5,520 16,823 - - 920 920
This year: Where sums originally denominated in foreign currency have
been included in expenditure, explain the basis on which those sums
have been translated into sterling (or the currency in which the
accounts are drawn up). NA
Last year: Where sums originally denominated in foreign currency have
been included in expenditure, explain the basis on which those sums
have been translated into sterling (or the currency in which the
accounts are drawn up). NA
----- End of picture text -----

CC17a (Excel)

31/01/2025

Section C Notes to the accounts (cont)

Note 7 Extraordinary items

Please explain the nature of each extraordinary item occurring in the period.

Extraordinary item 1 Extraordinary item 2 Extraordinary item 3 Extraordinary item 4 Total extraordinary items Description	Description	This year Last year £ £ - - - - - - - - - -







		- -

CC17a (Excel)

31/01/2025

Section C Notes to the accounts

Note 8 Funds received as agent

8.1 Please complete this note if the charity has agreed to administer the funds of another entity as its agent. Note: If a charity is acting as an agent, it should not recognise the income in the Statement of Financial Activities or the Balance Sheet.

----- Start of picture text -----
Amount received Amount paid out Balance held at period end
Description/name of party Related
party (Yes This year Last year This year Last year This year Last year
or No) £ £ £ £ £ £
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
Total - - - - - -
8.2 Where a consortia or similar arrangement exists whereby 2 or more charities co-operate to achieve economies in the
purchase of goods or services, please disclose details of any balances outstanding between any participating members.
Description/name of party
Balance held at period end
This year Last year
£ £
- -
- -
- -
- -
- -
Total - -
----- End of picture text -----

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31/01/2025

Section C Notes to the accounts

Note 9 Support Costs

Please complete this note if the charity has analysed its expenses using activity categories and has support costs.

This year

Premises incl. materials Other Total Premises incl. materials Other Total Last year Support cost (examples) Support cost (examples)	Raising funds Activity 1 Activity 2 Activity 3 Grand total £ £ £ £ £ - 5,520 - - 5,520 - - - - - - - - - - - - - - - - - - - -	Basis of allocation (Describe method) Monthly cost paid Basis of allocation (Describe method) Monthly cost paid
	- 5,520 - - 5,520
	Raising funds Activity 1 Activity 2 Activity 3 Grand total £ £ £ £ £ - 920 - - 920 - - - - - - - - - - - - - - - - - - - -
	- 920 - - 920

Please provide details of the accounting policy adopted for the apportionment of costs between activities and any estimation techniques used to calculate their apportionment.

CC17a (Excel)

31/01/2025

Section C Notes to the accounts

Note 10 Details of certain types of expenditure

Note 10.1 Fees for examination of the accounts

Please provide details of the amount paid for any statutory external scrutiny of accounts and other services provided by your independent examiner. If nothing was paid please enter '0' in the appropriate box(es).

Tax advisory fees Other fees (for example: financial advice, consultancy, accountancy services) paid to the independent examiner Independent examiner’s fees Assurance services other than independent examination	This year Last year £ £ - - - - - - - -

CC17a (Excel)

31/01/2025

Section C Notes to the accounts (cont)

Note 11 Paid employees

Please complete this note if the charity has any employees (transactions with Trustees dealt with in Note 28)

11.1 Staff Costs

This year: Salaries and wages Social security costs Other employee benefits Total staff costs Pension costs (defined contribution scheme) Please provide details of expenditure on staff working for the charity whose contracts are with and are paid by a related party	This year Last year £ £ 11,303 - - - 339 - -
	11,642 -

Please provide details of expenditure on staff working for the charity whose contracts are with and are paid by a related party Last year:

Please provide details of expenditure on staff working for the charity whose contracts are with and are paid by a related party

Please give details of the number of employees whose total employee benefits (excluding employer pension costs) fell within each band of £10,000 from £60,000 upwards. If there are no such transactions, please enter 'true' in the box provided.

No employees received employee benefits (excluding employer pension costs) for the reporting period of more than £60,000

TRUE

Please provide the total amount paid to key management £60,000 to £69,999 £70,000 to £79,999 £80,000 to £89,999 £90,000 to £99,999 £100,000 to £109,999 Band	This year Last year - - - - - - - - - - This year Last year £ £ - - Number of employees

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11.2 Average head count in the year The parts of the charity in which the employees work

----- Start of picture text -----
This year Last year
Number Number
Fundraising - -
Charitable Activities 2 -
Governance - -
Other - -
Total 2 -
----- End of picture text -----

11.3 Ex-gratia payments to employees and others (excluding trustees) Please complete if an ex-gratia payment is made.

This year Last year This year Last year Please state the amount of the payment (or value of any waiver of a right to an asset) Please explain the nature of the payment Please state the legal authority or reason for making the payment	This year Last year £ £ - -

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11.4 Redundancy payments

Please complete if any redundancy or termination payment is made in the period.

Please state the accounting policy for any redundancy or termination payments Total amount of payment The nature of the payment (cash, asset etc.) The extent of redundancy funding at the balance sheet date	This year Last year £ £ - - This year Last year £ £ - -

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31/01/2025

Section C Notes to the accounts (cont)

Note 12 Defined contribution pension scheme or defined benefit scheme accounted for as a defined contribution scheme.

12.1 Please complete this note if a defined contribution pension scheme is operated.

Amount of contributions recognised in the SOFA as an expense Please explain the basis for allocating the liability and expense of defined contribution pension scheme between activities and between restricted and unrestricted funds.	This year Last year £ £ 339 - Pension payments are made using unrestricted funds. Liability accrues each month and is paid in arrears. The amount of contribitions recognised in the SOFA as an expense relates to the employer's contribution. Employee contribution is incorporated within employee

12.2 Please complete this section where the charity participates in a defined benefit pension plan but is unable to ascertain its share of the underlying assets and liabilities.

Please confirm that although the scheme is accounted for as a defined contribution plan, it is a defined benefit plan. Please provide such information as is available about the plan's surplus or deficit and the implications, if any, for the reporting charity this year and last year, if different

12.3 Please complete this section where the charity participates in a multi-employer defined benefit pension plan that is accounted for as a defined contribution plan.

Describe the extent to which the charity can be liable to the plan for other entities' obligations under the terms and conditions of the multi-employer plan. If this is different for last year, provide details Provide an explanation of how any liability arising from an agreement with a multi-employer plan to fund a deficit has been determined. If this is different for last year, provide details

CC17a (Excel)

31/01/2025

Section C Notes to the accounts (cont)

Note 13 Grantmaking

Please complete this note if the charity made any grants or donations which in aggregate form a material part of the charitable activities undertaken.

This year:

13.1 Analysis of grants paid (included in cost of charitable activities)

----- Start of picture text -----
Grants to Grants to
Analysis institutions individuals Support costs Total
£ £
Activity or project 1 - - - -
Activity or project 2 - - - -
Activity or project 3 - - - -
Activity or project 4 - - - -
Total - - - -
----- End of picture text -----

Please enter “Nil” if the charity does not identify and/or allocate support costs.

13.2 Grants made to institutions

*My charity has made grants to particular institutions that are material in* *the context of its grantmaking. Details of the institution supported,* *purpose of the grant and total paid to each institution is available on the* *charity's web site.*	*Yes* *Please provide* *details of charity's* *URL.* No *Provide details* *below*

*TOTAL GRANTS PAID* Purpose *Total grants to institutions in reporting period* Names of institution *Other unanalysed grants*	Total amount of grants paid £ - - - - - - - - - -
	-
	- -

CC17a (Excel)

31/01/2025

Last year:

13.3 Analysis of grants paid (included in cost of charitable activities)

Please enter “Nil” if the charity does not identify and/or allocate support costs.

13.4 Grants made to institutions

13.4 Grants made to institutions
*Yes* No *TOTAL GRANTS PAID* *My charity has made grants to particular institutions that are material in* *the context of its grantmaking. Details of the institution supported,* *purpose of the grant and total paid to each institution is available on the* *charity's web site.* Names of institution Purpose *Total grants to institutions in reporting period* *Other unanalysed grants*	*Please provide* *details of charity's* *URL.* *Provide details* *below* Total amount of grants paid £ - - - - - - - - - -
	-
	- -

CC17a (Excel)

31/01/2025

Section C Notes to the accounts (cont)

Note 14 Tangible fixed assets Please complete this note if the charity has any tangible fixed assets 14.1 Cost or valuation

----- Start of picture text -----
Freehold land & Other land & Plant, machinery and Fixtures, fittings and Total
buildings buildings motor vehicles equipment
£ £ £ £ £
At the beginning of - - - - -
the year
Additions - - - - -
Revaluations - - - - -
Disposals - - - - -
Transfers * - - - - -
At end of the year - - - - -
14.2 Depreciation and impairments
Basis SL or RB (Straight SL or RB SL or RB SL or RB SL or RB
Line or Reducing
Balance)
Rate
At beginning of the - - - - -
year
Disposals - - - - -
Depreciation - - - - -
Impairment - - - - -
Transfers - - - - -
At end of the year - - - - -
14.3 Net book value
Net book value at the - - - - -
beginning of the year
Net book value at the - - - - -
end of the year
----- End of picture text -----*

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14.4 Impairment This year: Please provide a description of the events and circumstances that led to the recognition or reversal of an impairment loss. Last year: Please provide a description of the events and circumstances that led to the recognition or reversal of an impairment loss.

14.5 Revaluation If an accounting policy of revaluation is adopted, please provide: the effective date of the revaluation the name of independent valuer, if applicable the methods applied and significant assumptions the carrying amount that would have been recognised had the assets been carried under the cost model.

This year Last year - -

14.6 Other disclosures

(iii) Details of the existence and carrying amounts of property, plant and
equipment to which the charity has restricted title or that are pledged as
security for liabilities.
(i) Please state the amount of borrowing costs, if any, capitalised in the
construction of tangible fixed assets and the capitalisation rate used.
(ii) Please provide the amount of contractual commitments for the acquisition
of tangible fixed assets.

This year
Last year
£
£
- -
- -

The "transfers" row is for movements between fixed asset categories.
** Please indicate the method of depreciation by deleting the method not applicable (SL = straight line; RB = reducing balance). Also

CC17a (Excel)

31/01/2025

Section C Notes to the accounts (cont)

Note 15 Intangible assets Please complete this note if the charity has any intangible assets

15.1 Cost or valuation

		Research & development £	Research & development £	Patents and trademarks £	Other £	Total £
At beginning of	the		-	-	-	-
Additions			-	-	-	-
Disposals			-	-	-	-
Revaluations			-	-	-	-
Transfers *			-	-	-	-
At end of the year			-	-	-	-
15.2 Amortisation and		impairments
**Basis		SL or RB		SL or RB	SL or RB	SL or RB	Straight Line ("SL") or Reducing Balance ("RB")
	** Rate

At beginning of	the		-	-	-	-
Disposals			-	-	-	-
Amortisation			-	-	-	-
Impairment			-	-	-	-
Transfers*			-	-	-	-
At end of year			-	-	-	-
15.3 Net book	value
Net book value	at the		-	-	-	-
beginning of the year
Net book value	at the		-	-	-	-
end of the year

15.4 Accounting policy

Please disclose the accounting policy for intangible fixed assets including: Reasons for choosing amortisation rates Policies for the recognition of any capital development

CC17a (Excel)

31/01/2025

15.5 Impairment

This year:

Please provide a description of the events and circumstances that led to the recognition or reversal of an impairment loss. Last year: Please provide a description of the events and circumstances that led to the recognition or reversal of an impairment loss.

15.6 Revaluation

If an accounting policy of revaluation is adopted, please provide:

(iv) State the amount of research and
development expenditure recognised as
expenditure in the year.
(v) Please detail the headings in the SOFA in
which a charge for amortisation of intangible
assets is included.
(vi) For any material intangible assets, please
provide a description, its carrying amount and
any remaining amortisation period.
the carrying amount that would have been
recognised had the assets been carried under
the cost model.
the name of independent valuer, if applicable
the methods applied
15.7 Other disclosures
(i) If your intangible asset was acquired by way
of grant, provide value on initial recognition and
carrying amount of the asset.
(ii) Details of the carrying amounts of any
intangible assets to which the charity has
restricted title or that are pledged as security for
liabilities.
(iii) Please provide the amount of contractual
commitments for the acquisition of intangible
assets.
the effective date of the revaluation

Last year
This year

* The "transfers" row is for movements between fixed asset categories.

** Please indicate the method of depreciation by deleting the method not applicable (SL = straight line; RB = reducing balance). Also please indicate the rate of depreciation: for straight line, what is the anticipated life of the asset (in years); for reducing balance, what is the percentage annual deduction.

CC17a (Excel)

31/01/2025

Section C Notes to the accounts (cont)

Note 16 Heritage assets Please complete this note if the charity has heritage assets

16.1 General disclosures for all charities holding heritage assets

(i) Explain the nature and scale of heritage assets held. (ii) Explain the policy for the acquisition, preservation, management and disposal of heritage assets.	This year Last year

16.2 Cost or valuation

		asset	Heritage asset 2 £	Heritage asset 3 £	Heritage asset 4 £	Total £
At beginning of the year		-	-	-	-	-
Additions		-	-	-	-	-
Disposals		-	-	-	-	-
Revaluations		-	-	-	-	-
Transfers *		-	-	-	-	-
At end of the year		-	-	-	-	-
16.3 Depreciation and impairments
	**Basis						Straight Line ("SL") or Reducing Balance
	** Rate

At beginning of the year		-	-	-	-	-
Disposals		-	-	-	-	-
Depreciation		-	-	-	-	-
Impairment		-	-	-	-	-
Transfers*		-	-	-	-	-
At end of year		-	-	-	-	-
16.4 Net book value
Net book value at the beginning of the		-	-	-	-	-
year
Net book value at the end of the year		-	-	-	-	-

CC17a (Excel)

31/01/2025

16.5 Impairment

This year

Please provide a description of the events and circumstances that led to the recognition or reversal of an impairment loss.

Last year

Please provide a description of the events and circumstances that led to the recognition or reversal of an impairment loss.

16.6 Revaluation

If an accounting policy of revaluation is adopted, please provide:

the effective date of the revaluation the name of independent valuer, if applicable qualifications of independent valuer the methods applied and significant assumptions any significant limitations on the valuation

This year Last year

16.7 Analysis of heritage assets by class or group distinguishing those at cost and those at valuation

Carrying amount at the beginning of the period Additions Disposals Depreciation/impairment Revaluation Carrying amount at the end of period	At valuation Group A At cost Group B Total £ £ £ - - - - - - - - - - - - - - -
	- - -

16.8 Heritage assets (where heritage assets are not recoignised on the balance sheet)

(i) Explain the reason why heritage assets have not been recognised on the balance sheet. (ii) Describe the significance and nature of heritage assets. (iii) Disclose information that is helpful in assessing the value of heritage assets. (iv) Explain the reason why it is not practicable to obtain a valuation of heritage assets.	This year Last year

CC17a (Excel)

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16.9 Five year summary of heritage assets transactions

----- Start of picture text -----
2015 2014 2013 2012 2011
£ £ £ £ £
Purchases
Group A - - - - -
Group B - - - - -
Group C -
Other -
Donations
Group A - - - - -
Group B - - - - -
Group C - - - - -
Other - - - - -
Total additions - - - - -
Charge for impairment
Group A - - - - -
Group B - - - - -
Group C - - - - -
Other - - - - -
Total charge for impairment - - - - -
Disposals
Group A - carrying amount - - - - -
Group B - carrying amount - - - - -
Group C - - - - -
Other - - - - -
Total disposals - - - - -
----- End of picture text -----

CC17a (Excel)

31/01/2025

Section C Notes to the accounts (cont)

Note 17 Investment assets

Please complete this note if the charity has any investment assets.

17.1 Fixed assets investments (please provide for each class of investment)

Carrying (fair) value at beginning of period Add:additions to investments during period Less:disposals at carrying value Less: impairments Add: Reversal of impairments Add/(deduct):transfer in/(out) in the period Add/(deduct):*net gain/(loss) on revaluation Carrying (fair) value at end of year	Cash & cash equivalents Listed investments Investment properties Social investments Other Total - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
	- - - - - -

*Please specify additions resulting from acquisitions through business combinations, if any.

Please note that Fair Value in this context is the amount for which an asset could be exchanged between knowlegable and willing parties in an arm's length transaction. For traded securities, the fair value is the value of the security quoted on the London Stock Exchange Daily Official List or equivalent. For other assets where there is no market price on a traded market, it is the trustees' or valuers' best estimate of fair value.

17.2 Please provide a breakdown of investments shown above agreeing with the balance sheet row B04 differentiating between those held at fair value and those held at cost less impairment.

This year: Analysis of investments

Cash or cash equivalents

Listed investments

Investment properties

Social investments

Other investments

Total

Grand total (Fair value at year end+Cost less impairment)

Last year: Analysis of investments

Cash or cash equivalents Listed investments

Investment properties

Social investments

Other investments

Total

Grand total (Fair value at year end+Cost less impairment)


Fair	value	at	year	end	Cost	less	impairment
		£					£
				-				-
				-				-
				-				-
				-				-
				-				-
				-				-
								-


Fair	value	at	year	end	Cost	less	impairment
		£					£
				-				-
				-				-
				-				-
				-				-
				-				-
				-				-
								-

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17.3 If your charity holds investment properties, please complete the following note:

(iv) Explain any contractual obligations for the purchase,
construction or development of investment property or for
repairs, maintenance or enhancements
(iii) Provide details of any restrictions on the ability to realise
investment property or on the remittance of income or
disposal proceeds
(i) Explain the methods and significant assumptions in
determining the fair value of investment property held by the
charity
(ii) Name or independent valuer, if applicable, and relevant
qualifications

This year
Last year

17.4 Please provide a breakdown of current asset investments, if applicable, agreeing with the balance

Analysis of current asset investments Other investments Total Cash or cash equivalents Listed investments Investment properties Social investments	This year Last year £ £ - - - - - - - - - -
	- -

17.5 Guarantees

Please explain how the guarantee furthers the charity's aims Please provide details and amount of any guarantee made to or on behalf of a third party Name of the entity or entities benefitting from those guarantees	This year Last year

CC17a (Excel)

31/01/2025

17.6 Concessionary loans

For all investments measured at fair value, the basis for determining the value, including any assumptions applied when using a valuation technique. Value of any concessionary loans which have been committed but not taken up at the reporting date Amounts payable within 1 year 17.7 Additional information Amounts payable after more than 1 year *Amount of concessionary loans received(Multiple* loans received may be disclosed in aggregate provided that such aggregation does not obsure significant information). Amount of concessionary loans made (Multiple loans made may be disclosed in aggregate provided that such aggregation does not obsure significant** information ). For all investments measured at fair value, the basis for determining the value, including any assumptions applied when using a valuation technique. Where a charity has provided financial assets as a form of security, the carrying amount of the financial asset pledged as security and the terms and conditions relating to its pledge. Where a charity has provided financial assets as a form of security, the carrying amount of the financial asset pledged as security and the terms and conditions relating to its pledge. Amounts receivable after more than 1 year Please provide information about the significance of investments to the charity's financial position or performance eg. terms and conditions of loans or the use of hedging to manage financial risk. Amounts receivable within 1 year Terms and conditions eg interest rate, security provided	*Total* *Description*	This year £ Last year £ - - - - - - - -
		- -
	This year *Description* This year *Total*	This year £ Last year £ - - - - - -
		- -
		Last year Last year

CC17a (Excel)

31/01/2025

Section C Notes to the accounts (cont)

Note 18 Stocks

Please complete this note if the charity holds any stock items

18.1 Please state the carrying amount of stock and work in progress analysed between activities.

18.1 Please state the carrying amount of stock and work in progress analysed between activities.	unt of stock and work in progress analysed between	unt of stock and work in progress analysed between
For distribution For resale For distribution For resale £ £ £ £ £ Charitable activities: *Opening* - - - - - *Added in period* - - - - - *Expensed in period* - - - - - *Impaired* - - - - - *Closing* - - - - - Other trading activities: *Opening* - - - - - *Added in period* - - - - - *Expensed in period* - - - - - *Impaired* - - - - - *Closing* - - - - - Other: *Opening* - - - - - *Added in period* - - - - - *Expensed in period* - - - - - *Impaired* - - - - - *Closing* - - - - - Total this year - - - - - *Total previous year* - - - - - This year Last year £ £ 18.2 Please specify the carrying amount of any stocks pledged as security for liabilities Stock Donated goods Work in progress	For distribution For resale For distribution For resale £ £ £ £ £ - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - Stock Donated goods Work in progress
	-	- - - -
		- - - - This year Last year £ £

CC17a (Excel)

31/01/2025

Section C Notes to the accounts (cont)

Note 19 Debtors and prepayments

Please complete this note if the charity has any debtors or prepayments.

19.1 Analysis of debtors

Total Trade debtors Prepayments and accrued income Other debtors	This year Last year £ £ - - 502.1 - - -
	502.1 -

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)

Total Trade debtors Prepayments and accrued income Other debtors	This year Last year £ £ - - - - - -
	- -

CC17a (Excel)

31/01/2025

Section C Notes to the accounts (cont)

Note 20 Creditors and accruals

Please complete this note if the charity has any creditors or accruals.

20.1 Analysis of creditors

Accruals for grants payable Bank loans and overdrafts Trade creditors Payments received on account for contracts or performance-related grants Accruals and deferred income Taxation and social security Other creditors Total	This year Last year This year Last year £ £ £ £ - - - - - - - - - - - - - - - - - - - - 149 - - - 1,500 - - - Amounts falling due within one year Amounts falling due after more than one year
	1,649 - - -

20.2 Deferred income

Please complete this note if the charity has deferred

20.2 Deferred income *Please complete this note if the charity has deferred*
*Please explain the reasons why income is* *deferred.* *Movement in deferred income account* Balance at the start of the reporting period Amounts added in current period Amounts released to income from previous periods i This year Balance at the end of the reporting period	This year Last year £ £ - - - - - - Last year
	- -

CC17a (Excel)

31/01/2025

Section C Notes to the accounts (cont)

Note 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.

----- Start of picture text -----
21.1 Movements in recognised provisions and funding commitment during the period
This year Last year
£ £
Balance at the start of the reporting period - -
Amounts added in current period - -
Amounts charged against the provision in the current period - -
Unused amounts reversed during the period - -
- -
Balance at the end of the reporting period
21.2 Please provide: This year Last year
- a brief description of any obligations on the
balance sheet and the expected amount and
timing of resulting payments;
- an indication of the uncertainties about the
amount or timing of those outflows; and
- the amount of any expected
reimbursement, stating the amount of any
asset that has been recognised for that
expected reimbursement.
This year Last year
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 commitment, any performance-related
conditions and details of how the
commitment will be funded (with contracts
for capital expenditure separately identified).
21.4 Where unrestricted funds have been
designated to a fund commitment, please
disclose the nature of any amounts
designated and the likely timing of that
expenditure.
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CC17a (Excel)

31/01/2025

Section C Notes to the accounts (cont)

Note 22 Other disclosures for debtors, creditors and other basic financial instruments

22.1 Please provide information about the
significance of financial instruments (eg.
debtors, creditors, investments etc) to the
charity's financial position or performance,
for example, the terms and conditions of
loans or the use of hedging to manage
financial risk.
22.2 If the charity has provided financial
assets as a form of security, the carrying
amount of the financial assets pledged as
security and the terms and conitions related
to its pledge should be given here.

This year
Last year
Creditors falling due within 1 year total
£1,649.76. This comprises 1) £1,500
loan repaid after the balance sheet date.
2) £148.76 National Insurance
contribution liability - salaries fall below
the NI threshold, however, a reporting
date error in the HMRC system has
generated an NI liability which will fall
due for payment during FYE2025.
There is only one debtor of £502.13
which is a prepayment relating to
insurance. Insurance for calendar year
2024 ws paid as a lump sum during
December 2023, the benefit of which is
only partly recognised in the FYE2024
accounting period, with the value
attributable to FYE2025 recorded as a
prepayment (Debtor, see Note 19).

CC17a (Excel)

31/01/2025

Section C Notes to the accounts (cont)

Note 23 Contingent liabilities and contingent assets

23.1 Contingent liabilities

Where the charity has contingent liabililities, please complete the following section unless the possibility of their existence is remote.

This year

----- Start of picture text -----
Description of item including its legal nature. Estimate of financial effect
Please describe any security provided in
connection to the liability.
Last year
Description of item including its legal nature. Estimate of financial effect
Please describe any security provided in
connection to the liability.
----- End of picture text -----

23.2 Contingent assets

Where the charity has contingent assets, please complete the following section when their existence is probable

This	year
		Description	of	item	Estimate	of	financial	effect




Last	year
		Description	of	item	Estimate	of	financial	effect

23.4 Other disclosures for contingent assets and/or liabilities Please provide the following information where practicable:

Explain any uncertainties relating to the amount or timing of settlement; and the possibilty of any reimbursement Where it is not practical to make one or more of these disclosures, please state this fact	This year Last year

CC17a (Excel)

31/01/2025

Section C Notes to the accounts (cont)

Section C Notes to the accounts	(cont)
Other Short term deposits Cash at bank and on hand Total Note 24 Cash at bank and in hand Short term cash investments (less than 3 months maturity date)	This year Last year £ £ - - - - 3,494 329 - -
	3,494 329

CC17a (Excel)

31/01/2025

Section C Notes to the accounts (cont)

Note 25 Fair value of assets and liabilities This year Last year 25.1 Please provide details of the charity's exposure to credit risk (the risk of incurring a loss due to a debtor not paying what is owed) , liquidity risk (the risk of not being able to meet short term financial demands) and market risk (the risk that the value of an investment will fall due to changes in the market) arising from financial instruments to which the charity is exposed at the end of the reporting period and explain how the charity manages those risks. 25.2 Please give details of the amount of change in the fair value of basic financial instruments (debtors, creditors, investments (see section 11, FRS 102 SORP)) measured at fair value through the SoFA that is attributable to changes in credit risk.

CC17a (Excel)

31/01/2025

Section C Notes to the accounts (cont)

Note 26 Events after the end of the reporting period

Please complete this note events (not requiring adjustment to the accounts) have occurred after the end of the reporting period but before the accounts are authorised which relate to conditions that arose after the end of the reporting period.

Please provide details of the nature of the
event
Provide an estimate of the financial effect
of the event or a statement that such an
estimate cannot be made

This year
Last year
The financial effect is that the Charity saw
its cash on hand balance reduce by £1,500
but this has been offset by incoming grants. NA
After the end of the reporting period, the
loan £1,500 was repaid in two instalments
in April 2024 and May 2024. The Charity
has also been granted new grants from
charitable organisations.
At the end of the reporting period, the
Charity had submitted 2 grant
applications, and had received 1 positive
response to give comfort on having
sufficient income to continue its activities
beyond the financial period ending 31
March 2023.

CC17a (Excel)

31/01/2025

Section C Notes to the accounts (cont)

Note 27 Charity funds

27.1 Details of material funds held and movements during the CURRENT reporting period

Please give details of the movements of material individual funds in the reporting period together with a balancing figure for 'Other funds' (which should include revaluation reserve and fair value reserve, if applicable). The 'Total funds' figure below should reconcile to 'Total funds' in the balance sheet.

* Key: PE - permanent endowment funds; EE - expendable endowment funds; R - restricted income funds, including special trusts, of the charity; and U - unrestricted funds

----- Start of picture text -----
Fund Fund
balances balances
Type PE, EE
Purpose and Restrictions brought Gains and carried
R or UR
forward Income Expenditure Transfers losses forward
Fund names £ £ £ £ £ £
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
Other funds (balancing
figure) N/a N/a - - - - - -
Total Funds as per balance sheet - - - - - -
Yes No
Fund balances carried forward include assets and liabilities denominated in a foreign currency  
If yes, please state the basis on which the assets and/or liabilities have been translated into
sterling (or the currency in which the accounts are drawn up).
----- End of picture text -----*

CC17a (Excel)

31/01/2025

Section C Notes to the accounts (cont)

Note 27 Charity funds

27.2 Details of material funds held and movements during the PREVIOUS reporting period

* Key: PE - permanent endowment funds; EE - expendable endowment funds; R - restricted income funds, including special trusts, of the charity; and U - unrestricted funds

CC17a (Excel)

31/01/2025

Section C Notes to the accounts (cont)

Note 27 Charity funds (cont)

27.3 Transfers between funds

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This year
Reason for transfer and where endowment is converted to income, Amount
legal power for its conversion
Between unrestricted and
restricted funds
-
Between endowment and
restricted funds -
Between endowment and
unrestricted funds
-
-
Last year
Reason for transfer and where endowment is converted to income, Amount
legal power for its conversion
Between unrestricted and
restricted funds -
Between endowment and
restricted funds
-
Between endowment and
unrestricted funds
-
-
27.4 Designated funds
This year
Planned use Purpose of the designation Amount
-
-
-
-
-
-
Last year
Planned use Purpose of the designation Amount
-
-
-
-
-
-
----- End of picture text -----

CC17a (Excel)

31/01/2025

Section C Notes to the accounts (cont)

Note 28 Transactions with trustees and related parties

If the charity has any transactions with related parties (other than the trustee expenses explained in guidance notes) details of such transactions should be provided in this note. If there are no transactions to report, please enter “True” in the box or "False" if there are transactions to report.

28.1 Trustee remuneration and benefits

This year

None of the trustees have been paid any remuneration or received any other benefits from an employment with their charity or a related entity (True or False)

TRUE

In the period the charity has paid trustees remuneration and benefits. Please give the amount of, and legal authority for, any remuneration or other benefits paid to a trustee by the charity or any institution or company connected with it.

Name of trustee Legal authority (eg order, governing document)	Remuneration Pension contribution Redundancy (including loss of office)/ex gratia Other TOTAL £ £ £ £ £ - - - - - - - - - - - - - - - - - - - - Amounts paid or benefit value

Please give details of why remuneration or other employment benefits were paid.

Where an ex gratia payment has been made to a trustee, provide an explanation of the nature of the payment.

If a third party has been reimbursed for providing one or more trustees, state the nature of the payment and amount of the reimbursement.

State the number of trustees to whom retirement benefits are accruing under a defined contribution pension scheme.

CC17a (Excel)

31/01/2025

Last year

None of the trustees have been paid any remuneration or received any other benefits from an employment with their charity or a related entity (True or False)

----- Start of picture text -----
Amounts paid or benefit value
Remuneration Pension Redundancy Other TOTAL
Legal authority (eg
contribution (including
Name of trustee order, governing loss of
document)
office)/ex
gratia
£ £ £ £
- - - - -
- - - - -
- - - - -
- - - - -
----- End of picture text -----

Please give details of why remuneration or other employment benefits were paid.

Where an ex gratia payment has been made to a trustee, provide an explanation of the nature of the payment.

If a third party has been reimbursed for providing one or more trustees, state the nature of the payment and amount of the reimbursement.

State the number of trustees to whom retirement benefits are accruing under a defined contribution pension scheme.

28.2 Trustees' expenses

If the charity has paid trustees expenses for fulfilling their duties, details of such transactions should be provided in this note. If there are no transactions to report, please enter “True” in the box below. If there are transactions to report, please enter "False".

- TOTAL - Accommodation - Other (please specify): - Travel - Subsistence - No trustee expenses have been incurred (True or False) Type of expenses reimbursed This year £	- - - - - This year £	- - - - - TRUE Last year £
		-

Please provide the number of trustees reimbursed for expenses or who had expenses paid by the charity

CC17a (Excel)

31/01/2025

28.3 Transaction(s) with related parties

Please give details of any transaction undertaken by (or on behalf of) the charity in which a related party has a material interest, including where funds have been held as agent for related parties. If there are no such transactions, please enter 'true' in the box provided.

This year

----- Start of picture text -----
There have been no related party transactions in the reporting period (True or False) FALSE
Amounts
written off
Name of the trustee Relationship to Description of the Balance at Provision for bad debts
Amount during
or related party charity transaction(s) period end at period end
reporting
period
£ £ £ £
In Sept 2022,
Millrace
Foundation was
created from
separating Co-
Ongoing donations to
operative's
support charitable
charitable
activities
activities. The
two entities
have common
The Millrace Furniture
addresses and
Co-operative staff/volunteers The Co-operative 1,323 - - -
provides CIO access
to resources, namely
premises, equipment,
and materials to
support CIO's
provision of training to
beneficiaries, and
these are charged “at
cost” rather than at
market rates on a
monthly basis. This
amount represents a
full year of payments
under the contract
that exists between
The Millrace Furniture
the CIO and Co-
Co-operative As above 5,520 - - -
operative
A grant-making body
incorrectly send grant
funds to Millrace
Furniture Co-operative
bank account instead of
Millrace Foundation
CIO bank account. The
Co-operative
The Millrace Furniture transferred the funds as
Co-operative As above soon as possible. 2,735 - - -
Mr Richmond injected
£1,500 as a temporary
loan pending receipt of
an upcoming grant.
The loan was non-
interest bearing, and
had no terms and
conditions. It was
Employee of the repaid after the financial
Mr P Richmond Charity year end (see Note 22). 1,500 1,500 - -
----- End of picture text -----

CC17a (Excel)

31/01/2025

In relation to the transactions above, please provide the terms and conditions, including any security and the nature of any payment (consideration) to be provided in settlement.

There are / were no terms and conditions relating to the donation received from the Co-operative, the one-off transfer of a grant sent incorrectly to the Co-operative bank account, or the temporary loan. A contract exists between the Co-operative and the CIO, outlining access to premises, equipment and use of materials in exchange for a monthly amount payable.

For any related party, please provide details of any guarantees given or received.

Last year

There have been no related party transactions in the reporting period (True or False)

									Amounts
Name of the trustee or related party	Relationship to charity	Description of the transaction(s)	Amount		Balance at period end		Provision for bad debts at period end		written off during reporting
			£		£		£		period £
				-		-		-	-
				-		-		-	-
				-		-		-	-
				-		-		-	-

In relation to the transactions above, please provide the terms and conditions, including any security and the nature of any payment (consideration) to be provided in settlement.

For any related party, please provide details of any guarantees given or received.

CC17a (Excel)

31/01/2025

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. If there is insufficient room here, please add a separate sheet.

This set of accounts represents the first full operating year for the charity from 1 April 2023 to 31 March 2024. The previous set of accounts represented only an 8 month period, during which the charity was not yet fully operational. As a result, where there is no prior year figure to compare with a current year figure in the accounts, that is becaues there was no comparable item(s).

CC17a (Excel)

31/01/2025