Oldland Mill Trust Charity Number 1072911
Oldland Mill Charitable Incorporated Organisation(CIO) Charity Number 1203609.
Trustees Report Yr Endings 28th February 2025.
I am pleased to report the Trust has had another successful year, our first full year operating as a CIO.
No particular difficulties in terms of financial management and administration have been experienced in the new arrangement. The only disappointment being the continued failure of the Land Registry to register the transfer of ownership of the freehold property from The Trust to The CIO.
Until the transfer has taken place we are continuing to run both organisations side by side. As soon as the transfer has been completed the Trust will be closed down and the remaining assets and liabilities transferred to the CIO.
We have maintained a full programme of events and public openings and our normal schedule of weekly volunteer attendance and maintenance. Attendances at Open days have been well supported and people coming to The Mill have been generous in their giving .
Like similar organisations, maintaining levels of membership is proving difficult despite sterling work by our membership Secretary Alison White. This only underlines the importance to maintain all available sources of donations and legacies.
Major capital expenditure during the year included the planned replacement of the cherry picker . The new equipment will provide further and better operational access at high level . The old cherry picker was successfully sold.
Finally my fellow Trustees and I would like to thank all our members and volunteers for their continued support. Without their efforts it would not be possible to maintain Oldland Mill as an iconic and historic working mill.
Andrew Mackay Acting Chairman 25th June 2025
OLDLAND MILL CIO
Income and Expenditure Account for the year ended 28th February 2025
| 2024 £ - - - - - - - - - - - - - - - - - - - - - - |
EXPENDITURE Mill Expenditure Maintenance Mill post survey Benches Defibrillator Health and Safety Toilet hire Tools Milling Replacement cherry picker Road repairs and car park Utilities Insurance Marketing, Fund-Raising and Publicity Administration Incorporation Printing and Stationery Postages Subscriptions Bank charges Honorarium for Membership Secretary Website, software licences Total expenditure |
2025 £ 2,755 1,830 1,311 1,279 936 1,807 368 684 27,600 - 558 4,246 1,123 345 - 578 60 331 67 - 535 46,414 46,414 |
2024 £ - - - - - - - - - - - - - - - - |
INCOME Annual Subscriptions Income from Life Memberships Reserve b/f New this year Reserve To income Donations and legacies Gift Aid Claims Fund-raising Grants Turner-Dumbrell Foundation Sussex Stroke Sale of Flour Bank interest Total Income Deficit for year from reserves |
£ £ 576 3,558 180 3,738 (2,803) 936 2,330 1,204 7,766 1,830 640 2,222 3,872 21,375 25,039 46,414 2025 |
|---|---|---|---|---|---|
OLDLAND MILL CIO
Balance Sheet as at 28th February 2025
| 2024 £ - Creditors - Transfer of Life Membership reserve from Oldland Mill Trust - New members this year - - To Income - Life Membership Reserve c/fwd - Transfer of Reserves from Oldland Mill Trust - Deficit of income over expenditure for year - Reserves c/fwd - TOTAL |
2025 £ 234 3,558 180 3,738 (936) 2,803 97,517 (25,039) 72,478 75,515 |
2024 £ 103,416 Cash at Banks 45 Cash not banked 1,356 Prepayments 104,817 |
2025 £ 73,969 130 1,415 75,515 |
|---|---|---|---|
Notes to the Accounts
1. Accounting Policies
i. The Accounts are prepared on an accrual basis
ii Life Membership subscriptions are taken to income over 10 years on a straight line basis.
2. Reserves
| Maintenance Fund Operational Fund Heritage Crafts Grant General Balance |
55,665 £ 8,813 £ 2,000 £ 6,000 £ 72,478 £ |
|---|---|