CharY numl)•r: 213371 MILLINGTONS CHARITY UNAUDITED TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 WR Partners Protecting your future.
MILLINGTON8 CHARrrY COMTENTS Pa90 R•f•r•n¢e 4nd •dmlnl•trntlv• dotll• of lh• Ch•rlty, h Tru¥t••• nd adv1#• Trust•O8' r•port Ind•p•ndent •xamlnorf• r•port Stthm•nt offlnan¢lal aetMtl•• B•l•n¢o •h••t Not•• to th• flnanel•l •tst•m•Trt•
MILLINGTON8 CHAIIITY REFeRENCE AND ADMINISTRATIVE DETAILS OF THE CHARrrf. IT8 TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 DECEMBER 2023 Tru•t••• Mr R JeNs, Chalm MY¥ O C4pp8. Vlce Chalrman Ire8igngd 2 September 20251 Mr S Gllllan lappolnted 19 Novembèr 20251 Mr R Case, Chaim)8n Mrs A O'Brfen Mrs J English Mr C Foot Mrs A Goweno Mr R Hugho8 Mrs E Mgrrffield Mr8 A Meyer Mr l Musty DrJ Wllllarns Charlty r•gl•t•r•d numb•r 213371 PTlndpal offl¢• Copthome Road Shr8w8bury Shrop$hiro SY3 8JW A¢¢ounL•Thts WR P8th•f8 Chartgrod Aceourfan18 Belm1 Hou58 Shrèwsbury 8u81n8ss Park ShroW8bury Shropshlre SY2 6LG S•Thlor Man•g•m•nt T•*m Garry Doan. Clefk to ts Tru8toe8 Pagg 1
MILLINGTONS CHARITY TRUSTEES, REPORT FOR THE YEAR ENDED 31 DECEMBER 2025 The Trusle&s present their annual rgport togother with the financial stèlements ol the Charity for th& year 1 J8nu8ry 2025 to 31 Oecember 2025. Obl8Ctlv•s and actl¥iti95 Pollclos and objg¢tlve$ The Charity is govemed by a Charity Cornrnisslon Scheme dated 12 April 1988. In accordance wlh the bequest and Trust of Mr James Millington. Millinglon'5 Charity and the scherne, Ihe Tru51ees shall apply the incorne of the charity in one or both of the lolk)wing ways.. lal lor the benelil ol the residents in the almshouse ol the Charity or any of Ihem sn such manner as Ihe Trustees think fit from lirne lo time., and Ibl In promoting the education of ben8ficiaries. In settin9 obj8¢1ives and planning for activities, the Trustees have giv&n due cons1dgralion to general guidance published by tha Charity Commission c9l8ling to public benefit. induding the guidance 'Publi¢ benefit.. runniThJ charity IP821'. b. Strategles for achl•ving objectlvès The Charity continues lo provide almshouse apartmen15 for 35 residents in 33 units. During the year the charity continued lo refurbish and upgrade apartments as they became vacant. before new SIdenC19S are offered. The grounds and environs a maintained to 8 high standard. ¢. Activities undÉrtak•n ta achl•v• obJfythlvBs Thè main activity of the Charlty is provide residential almshouse accommodation with 8 wardening and emergency call out service for those in need. The charity also prowdes educational granis lo students under the age 0125 in further education. Achievements and performance Main achiev8m$nts of thg Charlty The Charity has rented out 33 units in the year at near lull capacity. During the year the charity conlin4Jed lo concentrate on maintsining the properties and surrounding areas lo the highesl $tandards b. Investm¢nt pollcy and performance Thè trustees have adopted a low risk policy to investrnent. InvÈslmenls are with thg COIF Ch8Alies Investment Fund, Quilter and M&G Investments. After much Search and consideration the trustees inve51ed £80,871 in Pholovollaic cells in 2011 and have seen 8 19.39% turn on this investment during 202512024.. 16.15%1. The investment is being written off over 20 year period. Page 2
ILLINGTONS CHARITY TRUSTEES. REPORT ICONTINUEOI FOR THE YEAR ENDED 31 DECEMBER 2025 Financial r•vi•w a. Golng conc8rn After making appropriale anquiries, th8 Trustees havo a reasonable expectation that the Charty has adequata rtrsourc8s lo continue in operational exislen¢e for the forèseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further detai15 regarding Ihe atJoption of the going concern basis can found in Ihe accounting Folici88. h. R•g0r¥8$ pollcy The Charity h89 de8vJnated funds of £175,00012024-. £175,000) set aside for future repairs. The free reserves of the Charity are calculatad as the unreslricled reserve8 of £679,005 less destrjnated funds, fixed assets. ERF investmènts and the solar panels and amount to £128,554 12024.. £106.3641. Thè Trustees are satisfied that the lofal fuThJs held can covèr all loreseen contingenc¢e8. Total res8rv8s ara E1,467.94112024-. £1,493,414). StnKtur¢, goveman¢• and managèment . Constltutlon Millingions Charity is a registered charity, number 213371, and is constituted und¢r a Trust deed. The prirbcipal object ol the CharFty is to provide almshouse5 wlh on sile warden 88$1slance to the rosidents. There have bean no changes in Ihe objecbveg since the last annual Tgwrt b. Methods of appolntmont or electlon of Trusteos Tha managernent of the Charity is th8 responsibllity of the Trustees who are 818Cted and ¢o-OPted undèr thg ierrns of the Trust deed. c. Flnanclal risk management The TfU51ees meet on a bi monthly basis whofe careful consideration is given to any rnarters arising. They consider financial risk in light of the ¢urTrnt economlc climate and have made careful decisions regarding their cash deposits. They receive reports from thè ¢lerk and warden regarding work carried out in the period on the ac¢omrnodalion and consider wh81hor this raises any risks r898rding future evenis. Plans for futur• pellods The Charity will continue to ensure the properb'es and surrounding areas 8rÉ rnaintainèd to the highest of standards ensuring suffieient resource is expended. A8 prop&ties becomg vacant a refurbishment policy wll b& followed before new residents lake up oc¢tJpancy. Page 3
MILLINGTONS CHARITY TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENOED 31 DECEMBER 2025 Statement of Tru$tees' rospon¥ibilitl•s Tha Trustees are responsible for preparing the Trustees. report and the financial staiemgnts in accordance with applicable law and Unitad Kingdom Accounting Standards Iunited Kingdom G8nerally Accepted Ac¢ounling Praclicel. The law applicable lo charitvds in England & Wales requires the Trustee5 to prepare financial slalements lor e8¢h financial year which give a true and fair wew of the sts¢e of affairs of the Charity and ol its incoming resources and application of resources. including ts income and expenditu, for that period. In preparing these rinancial statemen15. the TpJs¢ee8 are required lo.. select suitabl8 accounting poIleS and than 8pply ihem ¢onsistenUy". observe the methods and principles of the Charities SORP IFRS IL121', make judgments and accounting èstimates that arg rgasonable and pnjdent". Stsle whether applible UK AcUnting Standards IFRS 1021 have been followad. 8ubject to any maleiial departures disclosed and explained in the lin8ncial statements., prepar& the financial slalements on the going concem basis unless il i5 inappropriate to presume that the Cliarity will continue in business. The Truslags are responsible for keeping ad8quate aceounling records that are suffScienl to show and explain the Charitys tranSacInS and disclose with reasonable accurBCy at any time the financial position ol the Charity and enable them lo ensure that the financial statements comply with the Charflies Act 2011. the Charity (Account5 and Reportsl Regulab"ons 2008 and the provisions of the Trusl deed. They are also responsible for salaguarding the assets of the Charity and hence for taking reasonBble steps for the prevention and detection of fraud and other irregularities. Approved by orderof the members ol the board of Trustees and signwj on their bghalf by. Mr R Jorvls (Chair ol Trustees) Dale.. Page 4
IAILLINGTON8 CHARirY INDEPENDENT EXAMINER'S REPORT FOR TIIE YEAR ENDED 31 DECEMBER 2025 Indop•nd•nt Examln•rf¥ R•port to lh• Tru•ts•• of Mllllnqton• Charlty Ilh• Charlty) I report to the charity Trustse8 on rny ax4minaiion ol Iho accounts of the Charity for th• ended 31 Dgcember 2025. R••pon*lbllttlM •nd 8a•l• of R•port A8 the TfU8ts0$ of the Charfty you ar8 wpon8lble lor the prBparaOon of th• accounts In accordar vAth the roqulromonts of lh8 Charfbes A¢t 2011 I'trle 2011 Act l. I r8port In respect of my examlnakn of the Chartys 8¢counts carrtod out under sectt 145 of the 2011 Act and Sn Caln9 out my ox4mlnallon I havg followed the applicable Direction8 9wen by th• Crity Comml88ion urKler 8•¢tb)n 145{S)Ibl of the 2011 Act. Pag8 5
MILLINGTONS CHARrrY INDEPENDENT EXAMINER'S REPORT ICONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2025 Independont Examinér's Statement Since the Charty'5 gross income exceeded £250.000 your examiner must be a memb8r ol a body listed in section 145 of the 2011 Act. I confirm that l am qualified lo undertake the examination because l am a member of the ICAEW, which ss one of the listed bodies. Your atteth'on is drawn to the facl that the Charity has prepared the accounts in aecordance with Accounting and Rgporting by Ch8rities.' Stalemant of Recommended Practlce applicable to charities preparing their accounts in accoidanco Wlth ihe Financ1 Repoffjng Standard applicable in the UK and Rèpublic of Ireland IFRS 1021 in preference to the Accounting and Reporting by Charities.. Statement ol Recommended Practice issued on 1 April 2005 which is referred to in thè extant regulab'ons bul has b8en wthdravm. l undèrstand that this has been donè in order lor the 3¢¢ounts to provide a true and fair view in accordance with the Generally Accepted Accounting Practice off8¢live for reporting periods beginning on oi after 1 January 2015. I have completed my examinalSon. I confimi that no matlers h8ve come to my allention in Connection with the examination giving me cause lo boliov8 that in any m8t8ri81 respect.. accouniing rectsrds were not kept in respect of the Charity required by 3eclion 130 of the 2011 Act: or the accounts do not accord with those re¢ords', or the accounts do not comply with the applicable qUirements conceming the fom and contgnl ol accounts set out in the Charities IAccounls and Reports) Regulations 2008 other than any requirement th81 the accounts give a 'lrue and fair, view which 15 riot a matter ¢onsld8red as part of an independent examination. I have no concerns and have come across no other matters in connection with lh8 Oxaminabon lo whl¢h attentK)n should be drawn in this report in order lo enable a proper understanding ol the accounts to b8 reached. This report is made solely to the Charity's Tru51ees. as a body, in accordance with Part 4 01 the Charities (Accounts and Reports) Regulations 2Q08. My work ha8 been undertaken so that I muhl slate to the Charilqs Trustees those rnatters l am required lo state to them in an Independent examinerfs report and for no other purposè. To the fullest exlenl permitted by law, I do not accept or assume responsibility lo anyone other than the Charity and Ihe Charitys Trustèes as a body, for my work or for this report. Signed.. S J Tweedle U2L Dated.. Bsc FCA DChA WR Partnèrs Chartered Accountants Belmont House Shrewsbury Business Park Shrawsbury Shropshire SY2 6LG Page 6
MILLINGTONS CHARITY STATEMENT OF FINANCIAL ACTIVITIES FOR THE Y&4R ENDED 31 DECEMBER 2025 Endowment funds 2025 Ro¥trictod fundj 2025 Unre$tricled funds 2025 Total funds 2025 Tot&1 lunds 2024 Not• In¢orne and endowments fmm.. Oonalions and legacies Charitable actr'wtios Investments 10,000 10,000 227,136 17,578 108,589 223. 141 14.910 227,136 17,578 Total In¢ome and •ndowm•Trts 10.000 244714 254,714 346,640 Exponditure on: Raising funds Charitable acb'viti8S 133 290.495 133 538 249.622 10.000 300,495 Total expendlture 10.000 290.628 300,628 250, 160 Net lexpèndfturevlneome b•forg net Iloss•sllgains on investmènt¥ Net110ssesygaiThs on investments 145,9141 145,9141 96,480 113,1911 33,632 20,441 55.166 Net movèment In funds 113.1911 112,2821 125,4731 151,646 Reconelliation of funds: Total funds brought forward Nel movernenl in lunds 602,127 13,1911 891.287 112,282) 1,493.414 125,4731 1,341,768 151,646 Total funds ¢arrl•d fonvard 588,936 879.005 1.467,941 1,493,414 The Sialemenl of Financial Activities includes 811 gains and losses recognised in the year. The nota3 on pages 9 10 22 fomi part of these financial sialements. Page 7
ILUMGTONS CHARrrY BALANCE SHEET AS AT 31 DECEMBER 202S 2025 2024 Flx•d u8•ts Tanglble 8888 Irw6glments 12 13 430,403 990.844 464.486 999.578 1,427,247 Currnnt •#y•t8 1,464,064 Debtors Cash al bank and kn hand 15 3,492 43,142 3,339 30,890 46,634 34.235 CurT•nt Ilabllltl Credltorn: arnounts f•lling due thIn one 18 15,9401 (4,885) N•1 ¢urr•nt u••ts 40.694 29,350 Tot•1 ••••ts l••• ¢urr•nt Il•bllttl 1A17,941 1.493.414 Totsf not M••t• 1,407,941 1.493,414 Ch•rlty fund• Endowmgnl fiJnd8 Restt•d lund8 Unre8Mcted funds 17 588,931 602. 127 17 17 879,005 897,287 Total nd$ 1,467.941 1.493,414 The fnanclal Statements re approved Ind authothd for188u$ bythe TNSteg8 and s*ned on Ihgir behaff by.. (Chairof Trust88$1 D8t8'. 11 0 3 LOL The note8 on page8 9 10 22 fomi part of these flnancial statements. P¥ge 8
MILLINGTONS CHARtrY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OECEMBER 2025 Genèral infomiation Millingtons charity Is a gIstered charity, numbèr 213371, 8nd is constituted under a trust deed. The prinapal obj&cl of thè charily is lo provide almshouses with onsite warden assistance lo lh¢ residents. A¢countlng pollclès 2.1 Basls of preparation of financlal statsmonts Tho financigl slaternents have been prepared In accordance with the Charities SORP IFRS 1021 Accounting and Rgporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicablè in the UK and Republic of Ireland IFRS 1021 leffectwe 1 January 20191, th8 Financial Rgporting Standard applicable in the UK and Republlc ol Ireland IFRS 1021 and thè Charities A¢1 2011. The financial statements have been prepared to give a 'true and lairf view and have departed from ihe Charities lAcunts and Report51 Regulations 2008 only to the extent required to provide a 'lrue and fail view. This departure has involved followir¥g the Charibes SORP IFRS 1021 publishèd in October 2019 rather thèn Ihe Accounting and Reporting by Charili83.' Statement of Recommended Practice 8ffecb.ve from 1 April 2005 which has since been withdrawn. Millingtons Charity meets the definition of a public benefit enlty under FRS 102. As5815 and liabt"lities are initially recognised 8t historical cost or transaction value unless othetwise stated in the relevant accounb.ng poll¢y. 2.2 Incom• All income is recognised once the Charity has entitlement lo the income. il is probable that the income will be received and the amount of income receivable can be measured reliably. Grants are included in the Statement of financial aclivitre5 on a receivable basis. The balance ol incDme received for specrfic purposes but not expended during the period 15 shown in the relevant funds on the Balance sheet. Whera income is received in advance ol entitlement ol receipt. its r&¢ognition 18 deferred and included in Creditors as deferred irrome. Where ent11ment fKcurs before incoma is receivad, the incorne is accmed. Income lax recoverable In relation to invaslmenl income is rg¢ognis£d al the tsmè the Investmgnl ncorna 15 receivable. 2.3 ExndIture Expendiluro 18 recogni8ed oncè there is a legal or tL)nstructive obligation to transfer economlc benefit lo a third party, il is probable rhat a transfer ol economic benefits will be required in s&ttlernent and the 8mount ol the Ob1JaIlOn can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involvad in undertaking ea¢h acl*vily. Direct costs attributable lo a single acb'vity are allocated directly lo that a¢livity. Shared costs which contribut6 to mortr than one activity and support costs which are not attributable lo a single activity are apportioned be&8 those activities on a basis ¢tsnsistenl with the use ol resources. Central staff costs are allocated on the basis of lime spent, and depreciatson charges allocated on the portion of tha assel's use. P8ge 9
MILLINGTONS CHARITY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDEO 31 DECEMBER 2025 Accounting poliel•s Icontlnuod) 2.3 ExpondFtur• (contlnuodl Expenditure on raising funds includes all expenditure incurred by the Charity lo raise funds for its charitable purposes and includes costs of all fundraising a¢livilies events an(J non-¢h8nlable tradiw. Expenditure on charitable activibas is incurred on direcdy undertaking the activit?85 which further the Charitys tsbpcllves, as well as any associated support costs. Grants payablè are charged in th8 year when the offer is mad8 except in those cases where the offer Is condibonal, such grants béing recognised as expenditure when the condition5 attaching are fulfilled. Gfanls offered subject lo conditions which hav8 not been mel al the year end are noted a5 a commitment. but not accnjed as expenditure. AJI expenditure is inclusive of irrewverable VAT. 2.4 Intor•st receivab Interest on funds held on deposf( 15 included when receivable and the amount can be mèasured reliably by th8 Charity., this is normally upon notification of the intaresl paid or payable by tho inslilution vitth whom the funds ar8 d&positod. 2.5 Tangibl• flxod assets and depr•elatlon Tangible fixed assets are initially recognis¥d al cost. Aftor rgCOgni1Son, under the co81 model. tarrfJible fixod assets are rneasured al cost less accumulated daprecialion and any accumulated impairrnent losses. All costs incurred lo bring a tangible fixed asset into its intended working condition should be included in the measuramenl of cost. Depreciation is charged so as lo Bllocate the ¢osl of tangible Iix9d assets less their residu81 value over their estimated vselul INèS, U8ing the 8traight-line method. Depreciation is provided on the following basis.. Fixtures and fi'ttings Storage healers Housing properties 25% 10% 2% 2.6 Inveslments Fixed asset inveslm8nts are a form of financial instrument and are initialty Tecognised at their transaction cost and subseqLt8nlly measured al fair value al the Balance sheet dale, unless the value cannot be mfjasured reliably in which case It 15 measured al cost less impairrnent. Investment 98ins 8nd lossès. whether realisod or unreali5ed. are combined and presenied as 'GainsllLossesl tsn investsnents, in the Statament of financral activit$. Inveslmenls held as fixed assèts are shown at cost less provision for irnpairmenl. On an annual basis the Solar panals are dopreciated on a stral9ht line basis of 5010 of cost. 2.7 Debtors Trade and other deblors are recognisod at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net ol any trade discounts due. Page 10
MILLINGTONS CHARITY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 Ae¢ountln9 policles l¢ontlnuedl 2.8 Cash at bank and In hond C35h at b8nk and in h8nd includes cash and short-tem highly liquid investments wth a sh)rt maturity of Ihree rnonths or less from the date of acquisition or opening ol the deposit or similar account. 2.9 Uabilitres and provlslons Liabilities are recognised when there is an obligation at Iha Balance sheet date as a rgsult of a p8$1 event, it is probable that a transfer of economic benefit will be required in $8ltletnent. and the amount of tme settlemènt can b8 estimated rellably. Liabilities are recognised al the amount that the Charity anlicspales il will pay to settle the debt or Ihe amount il has rocaved as advanced payments for the goods or services il tnusl provide. Provisions are measured at the b6$1 estimate of the amounts required to settle the obligation. Where the èffect of the lime value of money is material, thè prowsion is based on the present value of those arnounts, discountgd at the pre-tax discount rate that reflects the risks specrfc lo the liability. The unwirKling of the discount Is recognisÈd in the St8tsrnenl ol financial activities as a finance cost. 2.10 Flnancial Instrumonts The Charity only has financial assets and financial Itabilltigs of a kind that qualfy 8$ basic financial inslrumènls. Basic financial instruments ar8 initially racognised at transaction value and subsequently measured at their settlement value. Endovm)gnl funds have reslrictgd capital, not being available for dislribulion. Any capital appreciation is reinvested in order io generate increased income. Any income generated is distributed to chanable expendilure. 2.11 Pon8lons The Charity operates a defined contribution pension scherne and the pension ¢h8rge represents the arnounl8 payable by the Charity lo the fund in respecl of the yè8r. 2.12 Fund a¢¢ountlng Ganeral funds are unrestricted funds which are available for use al th8 discrefjon of the Trustees in lurthèranc8 of the general objectives of the Charity and which havè not been designated lor other purposes. D85ignaled funds comprise unieslricled fvnds that have been sel aside by the Trustees for particular purpose5. The aim and use of each designated fund 15 set out in th8 notes to the financial ststements. Restricted funds are funds which are to be used in 8ccord8nce with specific roslrictions imposed by donors or which have been raised by the Charity lor particular purposes. The costs of raising and adrrinist8ring such funds are Charged against the specific fund. The aim and use ol each restricltsd fund is sgt out in th8 notes to the financial 3lalemènts Investment Income, gains and Ios58s arg allocated to the appropriatè fund. Page11
IIILUMQTON8 CHARITY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 InMm• from doMtl¢n• and l•qa¢l•• R••trl¢t•d lund• 2025 Tol•l fun 202S Total lunds 2024 Oonallon8 Governmonl gr¥nt8 10.000 10,000 IOaS89 10,000 10,000 10&589 Tolel 2024 708,589 708,589 Incom• fvom ch•rlt4bl• •¢tfviti Unr••trlct4d fund• 2025 Total fvnd• 2025 Total lunds 2024 Provltslon of Am¥hou8e Accornmodollon R•tharges •xtr*8 221,936 5,2¢XI 221,936 J.200 212,043 11,098 227,136 227,136 223,141 Total 2024 223.141 223,141 Page 12
MILLWGTON8 CHATY NOTES TO THE FINANCIAL STATEMENTS FOA THE YEAR ENDED 31 DECEMBER 2025 Inv••tment Inwm• Unr••trlct•d ndo 2025 Total fund• 202J Tot81 nds 2024 In¢ome from inve8bm0nts Inv6stmgnl Incomo- PV Cellg 1.9)1 15.877 1,901 18,6TI 1,851 13,059 17.578 17,SY8 14.910 2024 14.910 14,910 Inv••tm•n¢ mang•m•nt colts Vnr••lrlet•d fund• 21)25 Total lund• 2025 Tol 2024 Invostmonl manag0ml fe08 133 133 538 Total 2024 538 538 AMly•h of gr•nt* Grant• to dlvlduall 2025 Total lunds 2025 Total fvnds 2024 Grants lo indfvklualg 3,450 3,450 Tol812024 3,500 Page 13
MILLINGTON8 CHARrrY NOTES TO THE FIMANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEM8ER 2025 An•ly•l• of exp•ndlbJr• by •1¥111•* Actlvitl•• Grnnt undert•k•n fundlnq of dirlty a¢tlvFtI•• 2025 2026 Total lund• 2025 Total fund¥ 2024 ProvKilan ofAm8how• l£commadat Gr8nt M8king 297,045 2•7,045 240.122 297,045 300,495 249,622 Totsl 2024 248. 122 249,622 Paga 14
MILLINGTONS CHARrrY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 Analys1$ of exp•nditure by activltlés Icontlnuedl AnatysiJ of dlr•¢t costs Provision of Almshous• A¢commodal lon 2025 Total fund$ 2025 Total funds 2024 Staff costs Deprèciation Electricity Council Tax Water rate8 Insuran¢8 Telephone Repairs and Ren8wals Window Cleaning Grounds rnainlenance 60,484 28,083 39,584 60.484 28,083 39,584 798 10,137 6.581 2,016 81.7B1 2,130 57,948 28.078 49,640 10.137 6.581 2.016 81.781 2,130 7,806 6.459 1,658 53,373 1,455 b- Ill 30,517 7,794 9,245 1,106 3,520 139 30,517 7.794 9,245 1,106 3,520 139 4,042 517 702 12.865 4, 703 5.274 566 2.534 149 Alami Maintenance and Security Professional Fees Sculpture Maintenance Oth&r Items >£1.000 Bank Charges Investment write off Training Websrte costs Governan¢e costs 4.042 517 292 702 7.869 654 8.624 7,869 297,045 297,045 246, 122 Total 2024 246. 722 246, 722 Indepondent ¢xamln•rfs romuneratlon The independent eXamir,5 remuneration arnounts lo an independenl exarniner fee of £1,035 (2024 £950), 8nd a¢counls preparation fee of £1,47512024- £1,400). Page 15
MILLINGTONS CHARITY NOTES ro THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 10. Staff cost¥ 2025 2024 Wages and salaries Contribution to defined contributs.on pension Schemes $8,857 1,627 56,285 1,663 60,484 57.948 Th8 average number of persons amployed by the Charity during the year was as follows.. 2025 No. 2024 No. Emplo$ No émployeè received remuneration amounting to more than £eo.000 in eithgr year. Thg total remuneration recewed by key managgment personnel WBS £23,51012024.. £23,332) Trusteé$' remunoration and expensa$ During the year, no Trustee8 received any remuneration or other benefits {2024- £NIL). Durfng the yeaT ended 31 December 2025, no Truste8 gxpenses have been Incurred (2024 - £NILJ. 12. Tanglble flX ass•ts Freehold Flxtures and property fittlngs Total Cost or valuatlon At 1 January 2025 f28.259 182,908 811,167 Al 310ecemb8r 2025 628,259 182.908 811,167 D•preclatlon Al 1 January 2025 Charge for the year 3Q3.387 12.570 43,294 15,513 346,681 28,083 Al 310ecembèr 2025 31S.957 58.807 374,764 Page 16
MILUMGTON8 CHARrrY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 12. Tlnqlblo IIK•d al•¥ Icontlnu•dl Fr••hold Flxturm and proporty flttlngs Tot•1 N•t book v4lu• At 31 D8rnber 2025 312,302 124,101 436A03 At 31 Decembèr 2024 324,872 139.014 484,486 Page 17
MILUNGTONS CHARITY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDEO 31 DECEMBER 2025 13. Flxod aosot Investm•nts Oth•r flxed Unllgt•d a¥$•t Imié$tmènt¥ Investmonts Total Cost or valuatlon At 1 January 2025 Disposals Revaluations Amounts written off 974,512 (25,1331 20.441 25,066 999,578 125,1331 20,441 14,0421 14,042} At 31 Deceml)er 2025 969,820 21,024 990,844 N•t book valu• At 31 December 2025 969,820 21,024 990,844 At 31 Doc8mbor2024 974,512 25,066 999,578 14. Mat•rlal Invg9th1ont8 2025 2024 Photovomaic cell$ COIF charfb.es Invostsnerbt funds M&G Inveslmants Quilter 21,024 708,960 230.933 31,927 25.068 772.986 198.394 53, 132 990,844 1,049,580 15. D•btors 2025 2024 Du• wlthln on• year Prepayments and Bcttued income 3,492 3.339 3,492 3.339 Pag8 18
MILLINGTONS CHARirY NOTES TO ThE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 16. Cr•dltorn: Amounts f•lllnq du• wlthln on• y•ar 2015 2024 Other tax8tlon 8ocial Sety Other cr8dltor8 Accrug18 and dgferred inG¥Jmo 258 t39 4,488 511 8.940 4,885 Pag8 19
MILLINGTONS CHARITY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 17. Statemènt of funds Stat8mènt of fund¥- currgnl yoar Balance at 31 Decembgr 2025 Balanco ot 1 January 2025 Income Galnsl ILoss¢$l Expendlture Unrostrlct•d funds Oeslgnated funds Designated Funds 175,000 175,000 Genèral funds Ganaral Funds 716,287 244,714 1290,6281 33,632 704.005 Total UnTestrlet¢d fund¥ 891,287 244,714 1290,6281 33.fj32 879,005 Endowment funds Endowment Fund - Capital reserve fund 601127 113,1911 588,936 Restrlctod funds Restricted Fund 10.OIXI {10.IJ)01 Total of funds 1.493,414 254,714 1300,628} 20,441 1.467,941 Extraordinary Repair Fund Designated fund lor the purpose ol provKling thè exlraordlnary r8pair, improvement on rebuildlng of the almshouses balonging to the Charity. Cyclical Maintgnance Fund Designated fund for the purpose ol provKling for those ilems of ordinary maintenanc¢ an¢Y repair of the almshouses belonging to the Charity whieh recur al infrequent intervals. Endowment Funds The capital reserve fund represents the investments held by the Charity lor the purpose of Carrn9 out tha charitable objectives of tho Charity. Pag¢ 20
MILLINGTONS CHARirY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENOED 31 DECEMBER 2025 17. 8t•t•m•nt of funds {contlnued) 8tstsm•nt offund•. prlorjwar Bal8ncg al Y Jonu 2024 881once et Galnw 31 Decenyber 0$$) 2024 Transfe Income Expendlturn In/out Unr••trlctsd fund• D•¥lgn•t•d fund• 088ign•tsd Fund8- all fund 175,000 175.000 G•n•ral fund• Qeneral FLd5- 911 funds 592,021 238,051 (250, 160) 1Q8,589 27,786 716.287 Tot•1 Unr••tri¢t•d funds 787,021 23&051 f250, 160) 108,589 2T,788 891,287 fund• Endowmmt Funds- all fLmd8 574,747 27,380 802, 127 RM¢rf¢t•d fund• Restricted Fun all furKI8 108.089 (108,589) Total ol fund• 1,341,768 346,640 (250. 160J 6S.186 1,493,414 Peg• 21
MILLINGTONS CHARITY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 202S 18. Analysls of n•t assets belweon funds Analy$i8 of net a$sets bétween fund$ - current year Endowmènt Unrestrlcted funds fund$ 2025 2025 Total funds 2025 Tangib fixed assets Fixod 8S8et investments Current assets Creditors due within one year 436,403 990,844 1542,3021 15,9401 436,403 990,844 588,936 5,9401 Total 588,936 879,005 1.467,941 Anatysis of net assèts betw•èn funds - prlor year Endowmant Unreslricted funds funds 2024 2024 Total nds 2024 Tangible fixed assets Flxed assèt investments Current assets Creditors due wilhln one year 464,486 999.578 (567,892) (4,885) 464,486 999,578 34,235 (4,885) 602, 727 Total 602, 12T 891,287 1,493,474 19. Pon$l¢n commitm•nts The Charlty operates a defined contribullon penslon scheme. The 8S5ets ol the scheme are held separately from those ol the Charity an ind8p8ndently administered fund. The pension cost charge represents contributions payable by the Chgrity lo the fund and amounted to £1.627 12024.. £1.6631. contributs.ons lolalling £516 12024 £1391 werg payabl• to the fund at the balonce sheet date and are induded in creditors. 20. Related party transactions During the year Ihere has been one related p8ty transactionl 2024.. NIL). D Ch8pps (Trusieel donated £10,000 to caver the cost ol tree felling and replanting. Page 22