## 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**
**£**| |---|---|