Charity Registration Number 1202815 MILL END COMMUNITY TRUST CIO ANNUAL REPORT AND ACCOUNTS FOR THE YEAR ENDED 31- DECEMBER 2023 TRUSTEES, REPORT FOR THE YEAR ENDED 31$7 DECEMBER 2023 The Trustees present the annual report and financial statements of the tharrty for the year ended 31 St December 2023. The financial statements comply with current statutory requirements for the requirements of the Charty's goveming document. OBJECTIVES AND ACTIVITIES The charity's objects are for the relief of financial hardship amorrfJst people living within the Three Rivers District Council area and surrounding areas by providing such persons with food and such other assistance as the trustees think frt in an effort to restore dignity and revive hope through.. Practical communty basgj action against hunger, povety and marginalisation and Partnering with local churches and other charrties and organisations to bring about lasting change to those in financial hardship. All the Trust's Management, Trustees and y￿rkerS are volunteers. ACHIEVEMENTS AND PERFORMANCE The Trust was set up and registered on 241hApril 2023 and in time will assume the assets and liabilities of Mill End Community Trust Charity Registration 1150227. This change was felt necessary in order for the Trust to enter into lease arrangem8nts for its premises. The year has been one of transiiion with the setting up of new bank accounts to facilitate the transfer arrangements. FINANCIAL REVIEW The Trust has been in receipt of d￿ationS from supporters and has received interest from its bank account where money has been transferred from the fomier charity. It has incurred very minor costs a&w)ciated with the setting up of the charity. STRUCTURE. GOVERNANCE AND MANAGEMENT The charty is govemed by a constitution that was registered on 24th April 2023. The charity's activities are overseen by the committee of Trustees. The Truslees m￿t at least eight times in the year to monitor the efficient day to day njnning of the charity. There are no paid staff. TRUSTEES, REPORT FOR THE YEAR ENDED 31ST DECEMBER 2023 (CONTINUED) REFERNCE AND ADMINISTRATIVE DETAILS OF THE CHAIRTY,ITS TRUSTEES AND ADVISERS Mill End Communrty Trust CIO is an incorporated charity registered with the Charity Commission (Number 1202815) The principal operating address of the charity is.. 53 Bateman Road, Croxley Green, Herts WD3 3BL The Trustees who served in the year up to the date of Ihis report were.. l Bangs N Chambers D Tatham J￿aY M Hamilton Retired arKI re elected on 20th May 2023 for a further 3 year period. Trustees have been appointed in accordance with the constitution and retire in rotation. The Trustees have assessed the major risks to which the charity is exposed and are satisfied that systems are in place to mitigate exposur8 to major nsks. STATEM ENT OF TRUSTEES RESPONSIBILITIES The trustees are responsible for the preparation of the accounts in accordance with applicable law and UnFted Kingdom Generally Accepted Accounting Pradic8. Law applicable to charities in England and Vkles requires trustees to prepare accounts for each financial year whith giv8 a true and fair view of the tharity's financial activities during the year and of rts financial position at the year end. In preparing accounts giving a true and fair VEW, the Trustees sh￿Id follow best practice and.. Select suitable accounting wlicies and then apply them consistently.. Make judgements and estimates that are reasonable and prudent.. State whether applicable accounting starKlards and statements of recommended practice have been followed, subject to any departures disclosed and explained in the accounts; and Prepare the accounts on the going concem basis unless rt is inappropriate to presume that the charity will continue in operation. TRUSTEES, REPORT FOR THE YEAR ENDED 31ST DECEMBER 2023 (CONTINUED) The Trustees are responsible for keeping accx)unting records that disclose with reasonable 8ccuracy the financial FxJsitFon of the Charity and which enable them to ascert8in the financial position of the tharity and which enable them to ensure the accounts comply with the Charities Act 2011 and the provisions of the steps for the prevention and detection of fraud and other irregularities. By order of the Trustees Iris Bangs Chair of Trustees &(s(& Michael Hamilton Seuetary Is[, MILL END COMMUNITY TRUST RECEIPTS & PAYMENTS ACCOUNT FOII THE YEAR ENDED 31 DECEMBER 2023 ICK)) 2022 2023 Receipts Unrestricted Restricted Tots15 Unrestri¢tÈd Restrlcted Totals Foodbank Donations General Donations Café receipts Gift Aid Community Supp)rt Interest Received 6164.49 38.00 6164.49 38.00 15.27 6217.76 15.27 6217.76 Unrestricted Restrirted {Foodbankl Totals Unrestrirted Restrirted Totals Payments Admin, Insurance & Property Costs Foodbank Café Communty Support SeNice5 Rent 71.39 10.92 00 71.39 10.92 0.00 Total o.(M) 82.31 82.31 Surplus for the year Transfer from Original Charity to CIO Broijght forward 6135.45 1000.00 0.00 Carried forward 7135.45 srATEMENT OF ASSETS AND LIABIUTIES AS AT 31 DECEMBER 2023 Assets CAF ICIOI CAF GOLD Cash 1121.75 6013.70 0.00 7135.45 The accounts set out atthe for the yew ￿￿ed 31 D￿rnb￿ 2023 and the stat￿ent of assets and Ilabilitles at that date are a5 approved by the trustees. Nick Chambers Treasurer on behalf of the Trustee5 Date.. NOTES TO THE FINANCIAL STATEMENTS ST FOR THE YEAR ENDING 31 DECEMBER 2023 (CONTINUED) 1. Accounting polices Basis of preparation The accounts have been prepared undw the historical cost convention with ilems recognised at cost or transaction value unless stated in the relevant note{sl to these accounts. The financial statements have b￿n prepared in accordance with the Statement of Recommended Practi￿. Accounting and Reporting by Charities preparing their 8ccounts in accordan￿ with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) effective 1 January 2015. The accounts have departed from the Charities (Accounts and Reports) Regulations 2CK)8 only to the extent required to provide a true and fair view. This departure has involved applying 'Statement of Recommended Practi￿. Accounting and Reporting by Charities weparing their accounts in accordance with the Financial Rep￿ing StarKlard applicable in the UK and Republic of Ireland IFRS102) effective 1 January 2015 rather than the version of the Statement of Recommend8d practi￿ referred to in the regulation but which ahs since been wrthdrawn. The charity constrtutes a public benerrt. The Trustees considers that there are no material uncertainties about the charity's ability to continue as a going Conc￿1. Income recognition Income is recognised once the charity has entitlement to the inccNne, it is probable that the income will be received and the arnc￿nt of incA)me can be measured reliabty. Donations, legacies and other fomis of voluntary income are recognised as incoming resources when receivable, except insofar as incapable of financial measurement. All other fcffms of income are recognised on a re￿1vable basis. Income relating exclusively to fuiure accounting periods is deferred. Expenditure recognition Expenditure is recognised when a liabilty is incu￿ed. TRUSTEES, REPORT FOR THE YEAR ENDED 31 DECEMBER 2023 (CONTINUED) ST Funds Unrestrictive funds represent funds that can be 8ppli8d at the Trustee discretion within the general objects of by the charity. 2. Trustees remuneration and expenses No Trustees received any remuneratK)n durirHJ the year. 3. Employees Ther8 W8re no employees during the year.