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
MnEWIL￿ll . 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 tl*ir TrwJrtaThl the fillattcial ofthe d￿ty￿the Jvr¢Ddtsl S ApriI 2024. The tnk8tce8 hav¢
adoptedthe provisions of the Ststen*Dt 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 m*ln •¢hleven*Ats ofthe ch*rtty dvrknztheyelr
One of the &s￿L8 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 I￿1 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 Inthll￿IOn 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 pOI￿lD8with
updato and mod¢rnia¢ our CoMm￿lty iioou4 with 8 new a￿1 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¢. confeque￿Ily, 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 ch*rity's policy on reserves
stRucfuRF. GOVERNANCE AND M.4liAGLM.
e of govtrning
How the ¢barity t5 ￿￿$titu*d
TDJStr¢ sel¢ctiOn m¢tlwJd
TTUSt
Trn8tr¢1' comlderntion of rls
Rel*tloMbip betwe￿ ch*rlty *•d rel*ted 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(A￿ting Stsndarts (UDi1gJ Ki￿8￿)M A£¢q*l.4a&ry*¥ PmKel.
wbitb giv¢ &tsu¢ and flirview ofthe ststr of 8ff8iTh of the chan'iy and ofthe *1 4y*x•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 ￿InSt￿nc￿￿ 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 Ch￿lty
(A¢covnts Re[￿ts) Rwlathom 2￿8 aml the provisiowof thr trust d¢•L Th¢y are also s￿8 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 d*n"ty's CtyTia outwxkx S￿lI￿1 145 of the Act a]¥d in C￿￿1￿¥ Out rny
exan￿ll￿ l folh)Th%d ail the 8ppli¢able Direc￿ givux byth¢ CbatityCoTnmwin wKkr settion 145(5Xb) ofthe
A¢L
SiD¢e thedwO"S gf*S5 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 In￿l￿rte of Cbartyed
the acux]nts ¢SJ tyx CoTty]￿ ¥4Mh th¢ applthl¢ reqUirem￿tr 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(K*cfL

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 in￿r￿/{¢x￿￿'tUtt) for the pr
Reval￿110￿ 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
6￿13,175
5,6Cpl.858
Income Ojtyts
2 Y27.812
2.439.967
and si8ned on thei[beh￿f 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¢Tr￿tiS 8 charity iti England￿thIn 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 Re￿rtIng by C￿lties. tsf Retorn￿ded 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 J￿Y 2014 (as Update Bulletso I wblisknj on2 F¢bnI￿20I6]. the
Ch￿"t1¢S Ad 2011 UK Guthlly Ac•ed AceouDtingTrxtitt.
The fJDan¢ial slAtcmAts 8re We￿Ied 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 fllIa￿la] Ac11￿lieS (SOFA) when the charity 1$ legally entitled to
th¢ income aftor8oyE￿on￿￿￿co￿dltiolls bav¢bc¥x TD¢( the aTWtc4n be ty￿￿red reliably 8Th1 Él 59 prnbabk that
No amouni 1$ loc1￿ itithc fin￿1￿ st*ellthts forvoluDtruiirne io lin¢ with tho SORP (FRS 102).
(¢) Expendlture rel0￿1￿0
All eXpend[ti￿ is actouthtd foroo th •c¢Ads 1*sis Iw be*D c1wif￿￿ uoder he￿11￿￿ thal 88VC8atc ajl costs relAtyI
to the r•te80ry. Fxwditwe is reco8ni8gJ wh&¢ thete IJ • leyj wcoDslnKtsv¢ obligation to make Plly￿ts to third
Pgnies, it is probable thBt the $thleme￿I will be thnd th¢ amoutsl of the obliB8tion be M￿vred teliably. It is
eategoriged und¢r th¢ lollowin&b¢*lin8S:
Bl￿d]nITe on ¢h8riMbk •¢t1vi￿ •nd
GrBDts pigbk k>third ￿1¢5 *¢ within the Glwithblr obje¢ti¥e5. Wbu¢ Unco￿1117008J •r¢ offtrt thi8 is ￿¢r￿ed
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 land￿dbuildl￿s8 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 ?0*4
.4t 6 A￿1 20?J
byffinsts￿Il21Ues adoptrd for kntsllin8 £939183812023 £7.960,704) iti resPXt of the frtehold
trcfvU¢sexcl￿ land valw
If freeh)idl#ftd buildings b￿n0¢bea revaknl ID itWLH￿h1￿fbtth 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 ￿ts￿di￿At 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¢ r￿ed 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