WILLIAM JOHN MILLS COThAGES TRUST FINANCIAL STATEMENTS YEAR ENDED 5 APRIL 2024 ApsW9 CHARTERED ACCOUNTANTS
FINANCIAL STATE Stst¢metst of finlwthl activiti Bakn 3be¢t 7-10
JOHN c(yrTAGES 1RU Ck•rity'l paI •ddrus Milb St StDay TR16 5tL MnEWILll . Ctiair y S BuAey. Vice Chair Mrc Wi1800 Mrn J Ms L Wiuigms Chrb to the trOt¢ei Mts M Hutcknwgl Apsleys L indepethde•t Dem EX16 6AA B*nktn Wea¢M•llio8 KeDtME19 4TA Tnm) Virp Mon¢y Jubikn HoiJs¢ (J)sfoffb NE3 4XS UDIt¢dTn¢B¥ll 80 H8yOUTket L4)rkn SWIY 4TE 55 BisbopsB StAu
AG RT OF IHETRU The TTUSte¢$pt¢setLt tlir TrwJrtaThl the fillattcial ofthe dtythe Jvr¢Ddtsl S ApriI 2024. The tnk8tce8 hav¢ adoptedthe provisions of the StstenDt of Recorn Ptxtice {SOPP)"ActThmtrD8alldRewrtiD8by awritie5" (FRS 102) in pr¢p8TiD8 the 8llnU 2r&l finall oftherknity. of the •bJe¢ts of the cbarfty get•ut kn Its goveTnlTr8 District of KeTrier in the County of CornvrnlL Summry of the Attml kn rebt¥M •bJeetiT charitys objcctives 2nd activiti¢s. ACHIEV£PaE AND PERFORMANCE Summary of the mln •¢hlevenAts ofthe chrtty dvrknztheyelr One of the &sL8 of ouralmshouw of thidL wc are TMJSt prnud is ourdiswict b¢stin8 S)rTr iD9ty11ed byth¢ foundtt'8 wdsoll, Twoeth. vfdiiaTll Jobn Mills vtho w•8 Thairof thc Trll for 40 Hc didn'twant anyof ourmills Street rtsidcDts cvuto face the dccisiou on vthether or tr)t to tum on the ImtiD8 I1 bi5 solution w88 to iDStall a That origitial system was u)11 ID tht 1980s And th¢ eDd of its lif4 f{iD8th¢Thtst to bite the Jlkt artd impl¢meDt an ovubaul which inurrtd the c4JStly InthllIOn of 4 new boilt¥s. Of it is bopedthatth¢ywill •lso deliver a 41F)wr lif¢; Iheybav¢ also beeDeb)L fortheir tbilitytyb¢ C¥110 ooTrfwil fuGI wbeuthat optii)ll 18 av8ilknl t)uring tbe pr. we also mplded the sKond pbu¢ of th6 4-)wwryrne to rtpknce the Mdtr8nd pOIlD8with updato and mod¢rnia¢ our CoMmlty iioou4 with 8 new a1 improved kit£buL As followiti8 the work overthe last two years. th¢)Y)rn has been 8iveD ttD¢w i¢as¢ of lrfe ard istw8fid)y utiliwl byour TEsideTLts for& wide raft8c of s0¢ia] activities. 11 Is 8 fact of life that maintaining old historic IATtldTtigs (dl of Thrmilts Streelprytia aft Gr•kll lijta) li 8 Tiev¢r- ending tssK a bit like thc prov¢¢bial paintin8 of the Forth RNd Bridg¢. confequeIly, we ha al) emb9Tked oll a rnulti-ye8r pro8rOmn covering the external of au of the l•# yw #ortiO8 vrith TVillUnS ail of the froDt very busy Jwon this frnnt b) additioD to thinor vth8 to one of Mills Tcryace propati¢S and 4 of the coits8e5 in Mills
Jo orrAGES TRLTST us Net ¢y¢tsditsJre forth¢ year (t¢foTe malu•tiOO) £559n CODJwoJ o[Ci.. rryit POIOU5 Brldsmm•ry ofthe chrity's policy on reserves stRucfuRF. GOVERNANCE AND M.4liAGLM. e of govtrning How the ¢barity t5 $titud TDJStr¢ sel¢ctiOn m¢tlwJd TTUSt Trn8tr¢1' comlderntion of rls ReltloMbip betwe chrlty •d relted wil¢s Tr tsitste¢s of th¢s trust Are 80 the os for W J Mills GTaDt Fuud Ich•ritymukn iixr. TRUSTEES WPONSIBILTfiES appli¢&bie attd United Acc(Ating Stsndarts (UDi1gJ Ki8)M A£¢ql.4a&ry¥ PmKel. wbitb giv¢ &tsu¢ and flirview ofthe ststr of 8ff8iTh of the chan'iy and ofthe 1 4yx•ofrtsouJr¢8 • Ecl¢rt 8uit•bie Hcefjwili118P)it¢its ¥nd appty them ¢ODsi#¢tity. • obs•rye the methods and prmcipks of the Cblrities SOF 2015 (FRS 102). . $tst¢ Wheth acwtinBstllod8th h8vebeuL ftjllort sthieetio ariy mathri81 d¢¥Arnires discltwl 2nd explained ID the fitiwKial ststements" ' wepArtthe finallcial stst¢mentsonthe InStnc bag15 unless li is iDapyrywto Pf¢8unw that thc knity will conts.nue in fftio p)sition of the ¢barity and wsble them eJhÉwe the finaDci81 sthtem¢nts C4JDpty Thith tr Ckngs.4a ))11. The Chlty (A¢covnts Re[ts) Rwlathom 28 aml the provisiowof thr trust d¢•L Th¢y are also s8 the Mrs E A W1180
RT Tru I tepxt ha the my txamin8tiOD of the acLwffjS of thecharity forth¢prtatsl 5 April 2024which we set ch¢S 4a JOI I libe Acl'}. I TrsE of ofthe dn"ty's CtyTia outwxkx SlI1 145 of the Act a]¥d in C1¥ Out rny exanll l folh)Th%d ail the 8ppli¢able Direc givux byth¢ CbatityCoTnmwin wKkr settion 145(5Xb) ofthe A¢L SiD¢e thedwO"S gfS5 exce•W L?50,1N)O )ur mu6tb¢ smtknof ab)tylistrd in 145 of the 2011 ACL I trojfirn tsl am quljfityl w UDdcrfth the cxamin l arn A Merni of the Inlrte of Cbartyed the acux]nts ¢SJ tyx CoTty] ¥4Mh th¢ applthl¢ reqUiremtr esy¢rniD8 the fom? arjd ¢oDtrnt of in th6 Uv•" Mn M Hutchln Apilffj LLP 21 B•mpton street Tlveftoil Devots EX16 6A D•te.. K%Ic(KcfL
ajaritablc acttvities lienLg rtttivab l]w&8kn1ent inry)]ne 269.468 260.563 l)25 837 2,055 274.869 1055 274 869 262.725 265295 265295 45.546 310.841 199,450 89.240 310.NI Totsi expenditswe Nd inr/{¢x'tUtt) for the pr Reval110 of tangibk fixeAI amets Nei movement in fiy Bd8nrt bmugbt foEiv*d 135.972) {35.972} 1,43 1.396,162 (25.965) 674.023 648.058 7,396.767 8 044.825 3.845 2 439,967 1,008J17 6,613 175 9.440 987
JOHN MtLLS COTTAGESTRU Nol¢ Fued255tts 9391838 7.960.704 21714 163.117 187,831 26.317 217.893 244210 43.636 202.712 8.163,478 9J37.035 118653 9,440,987 ass¢ts Cwt¢al fw 613,175 5,6Cpl.858 Income Ojtyts 2 Y27.812 2.439.967 and si8ned on thei[behf by. Mn E A WIIsoD- Cb•ir Mn S Burley- Vlctrc Tho p•g8B 7 k$ 10 fomi F4
ST 24 l. Swnmlry OfslgDffi¢X •teoDntlng p¢$ () Goneral lrf•rtsMODn •nd bAs1s of William Sohn Mill8CoU88ts ts a ¢JMrth8hlr ttUSL Th¢TrtiS 8 charity iti EnglandthIn the United Tr ¢h2Tity COnStibJt&s a pthlic benefit enlity&s dtfinuj byFRS 102. Tr financi 5121ements have been prqjued in with A¢o)untiDg and RertIng by Clties. tsf Retornded PActic¢ applicllble to charitie5 PTepanng thcir accoullts in aLwdatttt wlth the Repothg Stsntsd wbcable ID the UK 8ndRepubiic of tland (FRS 102) uwed on 16 JY 2014 (as Update Bulletso I wblisknj on2 F¢bnI20I6]. the Ch"t1¢S Ad 2011 UK Guthlly Ac•ed AceouDtingTrxtitt. The fJDan¢ial slAtcmAts 8re WeIed 00 a brAi5 uthth¢ hithiul Kétconv¢thithL modifigj to Lnclude The significantoceountitig pohcirs appli in th¢ ptotirat of t¢ fmaD¢iai swtC4wts S¢t oui bBlow. Th (b) re%h1On All ixcomin8murce5 are inclutsj in the Stst•)Thtof fllIala] Ac11lieS (SOFA) when the charity 1$ legally entitled to th¢ income aftor8oyEoncodltiolls bav¢bc¥x TD¢( the aTWtc4n be tyred reliably 8Th1 Él 59 prnbabk that No amouni 1$ loc1 itithc fin1 stellthts forvoluDtruiirne io lin¢ with tho SORP (FRS 102). (¢) Expendlture rel010 All eXpend[ti is actouthtd foroo th •c¢Ads 1sis Iw beD c1wif uoder he11 thal 88VC8atc ajl costs relAtyI to the r•te80ry. Fxwditwe is reco8ni8gJ wh&¢ thete IJ • leyj wcoDslnKtsv¢ obligation to make Pllyts to third Pgnies, it is probable thBt the $thlemeI will be thnd th¢ amoutsl of the obliB8tion be Mvred teliably. It is eategoriged und¢r th¢ lollowin&b¢lin8S: Bld]nITe on ¢h8riMbk •¢t1vi •nd GrBDts pigbk k>third 1¢5 ¢ within the Glwithblr obje¢ti¥e5. Wbu¢ Unco1117008J •r¢ offtrt thi8 is ¢red a3 soon Is th¢ rc¢ipi¢Dt is DOtif of the 81 thi8 Wts FI to a Te&¥on•blt rp¢ctatioD th&t tbe re¢ipi¢nt will receive the Wb¢re 8rants ar¢ reJatsDg then the pnt is oDtyacL7ucd wb¢ll any utsfulfillEd conditi¢)nS 8Te i)itsid¢ of tbe a)ntroi of tho ¢honty. (d) T•oKlble fl3ed A•Mts Fie¢hold landdbuildls8 sttsl & hir val Otherswidry fixa iti the SOFA in thejvrof
AG TRUST NOTES TO THE FTNAN (D creditOTS reteivabkl pxyable wlthirt OA¢ yar LwE•rL%d a>7iSabk for use tbe di8a of in of the g¢n¢ro1 objectives of the tkn. on th¢ endowDWlt fvnds cm used in aL%d with the objccts of thc ¢hrity atsd i$ included as I l)kaw J Mill5 Ltsl wWwd8 on IS Novcth 2019. Its Compstty Dumbtt is 1:32119- 7.960,704 1432 134 AI6Awil ,. Cbarye fif the At 5 .4]KLI:O?4 Netbc)k b7b AÈ 5 April ?04 .4t 6 A1 20?J byffinstsIl21Ues adoptrd for kntsllin8 £939183812023 £7.960,704) iti resPXt of the frtehold trcfvU¢sexcl land valw If freeh)idl#ftd buildings bn0¢bea revaknl ID itWLHh1fbtth in¢lth the hi8toriui wsl s of £1.567.457.
OThAGES NO 2024 2023 Debtorj 543 4.563 20,000 1.754 26,317 1171 21714 02 Renl ID adv¥ll¢¢ 20.718 21296 1.620 19.981 1.997 1,420 8o¢ial sc£urity 23.448 & Crethtofs: Am•unts f*iMn¥ d¢ after ont year 118653 Th¢ tothl Smo ofth¢ from The Cb•ntyB•nk Ljd tsdiAt 5 W 2024 is £117344 (2023.. £138.640). This gmouDt does not mclude intertst whi¢b is due ott th¢ bol•uLX. 7. ATralyth rfN•t #uets between fvn bolancts 81 S April 2024 are Ttprewted by Inve51mellts Tanwbl¢ red 851¢ts 1779,663 Q613.175 187.831 139684 2827812 9.392.838 187.831 139 684 Liabiliues 6 613 175
10 THE WILLIAM JOHN M i¥ OTES TO THE FINANCIAL sfATEMEK]S & Erpt4dii¥re- unrestrfcted fvnds 21ri lJ83 1583 25.767 4,123 4,478 25.767 4,123 4,478 26.825 2.618 2,612 674 1.146 674 1.146 570 970 4.626 381 5,124 43,194 6,919 142.729 72 381 381 5.935 34,135 7.055 216,587 5,935 34,135 7.055 2l6J87 8.386 531 8386 531 3IO.841 9.695 1.583 263.712 45 25.767 25241 Social Securitv Coxs Averagc number of Staff 10. Truste15 remutter4don and expeDS¢S ThJsto¢8 exp¢n8 mAmly fEl#l¢ to tsiv¢I costs aDd were ekninxd by 2 tna#ets (2023: 2>. 11.Rd%ted party traDg•th As at 5 April 2024 W J Mills (Trtopwty) W owed thcTh& £20.(th12023.. £20.IxKI) fouowing the of the IQAD duc to the project ty0180ing #tsd the value of the land not sufficieni iocover totti valu¢ of the Thitt¢MrK Goldsworthy 1$ also directorof W J Mins (Prnt) t