2022-10-31-accounts

Charity registration number 502433

HEATHERSLAW MILL TRUST

ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2022

HEATHERSLAW MILL TRUST

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees	Lord Joicey
	R.E. Greenwood
	M. Cuddigan
Charity number	502433
Principal address	The Estate Office
	Ford Village
	Berwick-upon-Tweed
	Northumberland
	TD15 2QA
Independent examiner	Alan Patterson FCA
	17 Walkergate
	Berwick-upon-Tweed
	Northumberland
	TD15 1DJ
Bankers	Barclays Bank plc
	BFP Operations
	8 Nelson Mandela Place
	Glasgow
	G2 1BT
Solicitors	Womble Bond Dickinson (UK) LLP
	The Spark
	Drayman's Way
	Newcastle Helix
	Newcastle upon Tyne
	NE1 3DX

HEATHERSLAW MILL TRUST

CONTENTS

	Page
Policy statement	1
Trustees' report	2 - 3
Independent examiner's report	4
Statement of financial activities	5 - 6
Balance sheet	7
Notes to the accounts	8 - 17

HEATHERSLAW MILL TRUST

POLICY STATEMENT

FOR THE YEAR ENDED 31 OCTOBER 2022

1 Background

The Settlement is a Charitable Trust. It was created by a deed ("the Governing Deed") dated 19th April 1973. The principal objectives are the preservation and maintenance of the Heatherslaw Mill in Northumberland.

2 Assets

The prinicpal assets of the Settlement ("the Trust Fund") are a lease of the site known as Heatherslaw Mill for 54 years from 12th May 2019 and certain cash deposits. The Trust Fund does not include any restricted endowment funds.

3 Policy

To manage the Trust Fund in accordance with the objectives set out in the Governing Deed, general charity law and such regulations or other directions as may be laid down from time to time by the Charity Commissioners in relation to the management of Charitable Trusts of a similar nature to the Settlement.

In addition to taking note of all relevant charity law, to note and monitor the new requirements as to public benefit introduced under The Charities Act 2011 and to manage the Trust so as to ensure compliance with this aspect of the Act.

To appoint and regularly monitor such agents and professional advisors as are required for the effective management of the Trust Fund and the implementation of these policies and to periodically review the terms and conditions of the appointments.

To appoint and regularly monitor such musuem or curatorial advsiors as are required for the effective management of the museum and to periodically review the term and conditions of their appointment.

4 Agents

The current agents are Savills (UK) Ltd and Womble Bond Dickinson Wealth Limited.

Savills (UK) Ltd has responsibility for the day to day management of the land leased by the trustees.

Womble Bond Dickinson Wealth Limited has responsibility for the management of cash deposits.

The agents will be required to agree to the provisions of this policy document and to the extent that discretionary management responsibilities are delegated to them to report on the exercise of such discretion at such times and on such a basis as the trustees may from time to time decide.

5 Trustee Delegation

Whilst the trustees remain responsible for the creation of the policy, the trustees delegate approval and implementation of detailed policy documents and key plans within the overall policy of trustees guidelines to Lord Joicey, who will report his actions at least annually and through copy correspondence as appropriate. This delegation will be reviewed at each Annual Meeting of the Trustees.

• 1 -

HEATHERSLAW MILL TRUST

TRUSTEES' REPORT

FOR THE YEAR ENDED 31 OCTOBER 2022

The trustees present their annual report and financial statements for the year ended 31 October 2022.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's governing document, the Charities Act 2011 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019).

Objectives and activities

The charity was established for the purpose of restoring Heatherslaw Mill to working order and thereafter of maintaining it as a museum for the benefit of the general public.

Public benefit

In considering the operations, achievements and performance and finances of the charity, the trustees are satisfied that public benefit has been provided in accordance with the Charities Act 2011 and guidance issued by the Charity Commission.

Achievements and performance

The summer of 2022 proved difficult for the Mill with a lack of water in the river resulting in no milling taking place for long periods.

Visitor numbers were generally poor due to the lack of milling activity which in turn affected admission receipts and produce sales.

Work on the bearing mount replacement was completed and the café refurbishment project was successfully completed prior to the summer season.

Reserves policy

The trustees have reviewed the reserves of the charity and have considered the nature of the income and expenditure streams. They consider that the reserves held are sufficient and necessary to allow the charity to fulfil its objectives. The level of reserves held is shown in notes 20, 21 and 22 to these accounts.

Risk assessment

The trustees have assessed the major risks to which the charity is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks.

Structure, governance and management

The charity was established by a charitable trust deed on 19 April 1973.

The trustees who served during the year and up to the date of signature of the financial statements were: Lord Joicey

R.E. Greenwood M. Cuddigan

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HEATHERSLAW MILL TRUST

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2022

Statement of trustees' responsibilities

The trustees are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that year.

In preparing these financial statements, the trustees are required to:

• select suitable accounting policies and then apply them consistently;

• observe the methods and principles in the Charities SORP;

• make judgements and estimates that are reasonable and prudent;

• state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and

• prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.

The trustees are responsible for keeping sufficient accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The trustees' report was approved by the Board of Trustees.

Lord Joicey

Trustee Dated: 23 January 2023

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HEATHERSLAW MILL TRUST

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF HEATHERSLAW MILL TRUST

I report to the trustees on my examination of the accounts of the charity for the year ended 31 October 2022.

Responsibilities and basis of report

As the trustees of the charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').

I report in respect of my examination of the charity's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner's statement

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

1. accounting records were not kept in respect of the charity as required by section 130 of the Act; or

2. the accounts do not accord with those records; or

3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair view' which is not a matter considered as part of an independent examination.

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Alan Patterson FCA

17 Walkergate Berwick-upon-Tweed Northumberland TD15 1DJ

Dated: 23 January 2023

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HEATHERSLAW MILL TRUST

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 OCTOBER 2022

Current financial year Unrestricted Designated Designated funds funds funds general property reserve general 2022 2022 2022 Notes £ £ £ Income and endowments from: Donations and legacies 3 13,405 3,000 - Income from charitable activities 4 61,727 - - Investments 5 2,496 - - Other income 6 861 - - Total income 78,489 3,000 - Expenditure on: Raising funds 7 17,261 - - Charitable activities 8 129,187 - - Total resources expended 146,448 - - Net gains/(losses) on investments 11 (5,351) - - Net movement in funds (73,310) 3,000 - Fund balances at 1 November 2021 387,208 12,000 7,250 Fund balances at 31 October 2022 313,898 15,000 7,250	Total 2022 £ 16,405 61,727 2,496 861 81,489 17,261 129,187 146,448 (5,351) (70,310) 406,458 336,148	Total 2021 £ 15,540 76,913 5,500 - 97,953 25,611 75,479 101,090 - (3,137) 409,595 406,458

The statement of financial activities includes all gains and losses recognised in the year.

All income and expenditure derive from continuing activities.

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HEATHERSLAW MILL TRUST

STATEMENT OF FINANCIAL ACTIVITIES (CONTINUED) INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 OCTOBER 2022

Prior financial year

Unrestricted Designated Designated funds funds funds general property reserve general 2021 2021 2021 Notes £ £ £ Income and endowments from: Donations and legacies 3 12,540 3,000 - Income from charitable activities 4 76,913 - - Investments 5 5,500 - - Total income 94,953 3,000 - Expenditure on: Raising funds 7 25,611 - - Charitable activities 8 75,479 - - Total resources expended 101,090 - - Net gains/(losses) on investments 11 - - - Net movement in funds (6,137) 3,000 - Fund balances at 1 November 2020 393,345 9,000 7,250 Fund balances at 31 October 2021 387,208 12,000 7,250

Total 2021 £ 15,540 76,913 5,500 97,953 25,611 75,479 101,090 - (3,137) 409,595 406,458

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HEATHERSLAW MILL TRUST

BALANCE SHEET

AS AT 31 OCTOBER 2022

Notes Fixed assets Tangible assets 13 Investments 14 Current assets Stocks 16 Debtors 17 Cash at bank and in hand Creditors: amounts falling due within one year 18 Net current assets Total assets less current liabilities Deferred income 19 Net assets Income funds Designated funds - general 20 Designated funds - property reserve 21 Unrestricted funds - general	2022 £ 6,766 11,284 3,774 21,824 (8,255)	£ 228,591 94,649 323,240 13,569 336,809 (661) 336,148 7,250 15,000 313,898 336,148	2021 £ 8,591 8,445 189,655 206,691 (4,556)	£ 205,670 - 205,670 202,135 407,805 (1,347) 406,458 7,250 12,000 387,208 406,458

The accounts were approved by the Trustees on 23 January 2023

Lord Joicey Trustee

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HEATHERSLAW MILL TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2022

1 Accounting policies

Charity information

Heatherslaw Mill Trust is an unincorporated charity governed by a Trust Deed and registered with the Charity Commission Number - 502433.

1.1 Accounting convention

The financial statements have been prepared in accordance with the charity's [governing document], the Charities Act 2011, FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the Charities SORP "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019). The charity is a Public Benefit Entity as defined by FRS 102.

The charity has taken advantage of the provisions in the SORP for charities not to prepare a Statement of Cash Flows.

The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2 Going concern

At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3 Charitable funds

Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives unless the funds have been designated for other purposes.

Designated funds comprise unrestricted funds that have been set aside by the trustees for particular purposes. The aim and use of each designated fund is set out in the notes to the financial statements.

1.4 Incoming resources

Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

1.5 Resources expended

Expenditure is accounted for on the accruals basis and is recognised in the period in which it is incurred, allocated to the particular activity, to which the cost relates.

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HEATHERSLAW MILL TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2022

1 Accounting policies

(Continued)

1.6 Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Property improvements Nil Website 25% Straight Line Equipment 10% / 20% Straight Line Fixtures and fittings 10% / 15% / 20% Straight Line

It is the charity's policy to capitalise items costing more than £200.

Leasehold property improvements are not depreciated on the grounds that the lease, which was signed during the year runs to the 12 May 2073 and any depreciation charge would be immaterial over the expected useful life of the asset.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.

1.7 Fixed asset investments

Fixed asset investments are initially measured at transaction price excluding transaction costs, and are subsequently measured at fair value at each reporting date. Changes in fair value are recognised in net income/(expenditure) for the year. Transaction costs are expensed as incurred.

1.8 Impairment of fixed assets

At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

1.9 Stocks

Stock is valued at the lower of cost and net realisable value.

1.10 Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.11 Financial instruments

The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

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HEATHERSLAW MILL TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2022

1 Accounting policies

(Continued)

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.

1.12 Arts Council grants

Grants are credited to deferred revenue. Grants towards capital expenditure are released to the profit and loss account over the expected useful life of the assets. Grants towards revenue expenditure are released to the profit and loss account as the related expenditure is incurred.

2 Critical accounting estimates and judgements

In the application of the charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

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HEATHERSLAW MILL TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2022

3 Donations and legacies

Unrestricted Unrestricted funds funds general designated £ £ Donations and gifts 405 3,000 Grants 500 - Gift aid including tax repayment 12,500 - 13,405 3,000 For the year ended 31 October 2021 12,540 3,000	Total 2022 £ 3,405 500 12,500 16,405	Total 2021 £ 3,040 - 12,500
		15,540
		15,540

4 Income from charitable activities

Admission tickets Sales Rents	2022 £ 17,223 28,071 16,433 61,727	2021 £ 16,626 46,777 13,510
		76,913

5 Investments

Unrestricted funds general 2022 £ Investment income and bank interest 2,496 6 Other income Total 2022 £ Rates recovered 131 Scottish Power compensation 730 861	Total 2021 £ 5,500
	Total 2021 £ - -
	-

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HEATHERSLAW MILL TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2022

7 Raising funds

Costs of generating funds Fundraising trading: costs of goods sold	2022 £ 17,261 17,261	2021 £ 25,611
		25,611

8 Charitable activities

Staff costs Depreciation and impairment Bank charges Heat and light Property repairs and maintenance Exhibition costs Flood damage sinking fund Share of governance costs (see note 10)	2022 £ 30,128 4,113 - 2,135 80,142 640 3,000 120,158 9,029 129,187	2021 £ 26,212 2,942 148 1,579 31,274 1,270 3,000
		66,425 9,054
		75,479

9 Trustees

No remuneration directly or indirectly out of the funds of the charity was paid or payable for the year to any trustee or to any person or persons known to or connected with any of them (2021: £Nil).

No reimbursement of expenses has been made or is due to be made to any of the trustees in respect of the year (2021: £Nil).

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HEATHERSLAW MILL TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 OCTOBER 2022

10 Support costs

Support costs
	Support	Governance		2022	2021
	costs		costs
	£		£	£	£
Legal and professional	-		1,144	1,144	2,290
Rent	-		10	10	10
Rates and insurances	-		5,849	5,849	5,819
Postage, stationery, advertising and telephone	-		1,805	1,805	608
General administration expenses	-		221	221	327
	-		9,029	9,029	9,054
Analysed between
Charitable activities	-		9,029	9,029	9,054
Governance costs includes payments to the independent	examiner	of £Nil (2021:		£Nil) for accountancy and
independent examination services.
Net gains/(losses) on investments
				Unrestricted	Total
				funds
				general
				2022	2021
				£	£
Revaluation of investments				(5,351)	-

Governance costs includes payments to the independent examiner of £Nil (2021: £Nil) for accountancy and independent examination services.

11 Net gains/(losses) on investments

• 13 -

HEATHERSLAW MILL TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2022

12 Employees

Number of employees

The average monthly number of employees during the year was:

Part time Full time Employment costs Wages and salaries Social security costs Other pension costs Training	2022 Number 3 1 4 2022 £ 27,781 1,348 599 400 30,128	2021 Number 2 1
		3
		2021 £ 24,259 1,128 825 -
		26,212

There were no employees whose annual remuneration was £60,000 or more.

13 Tangible fixed assets

Property improvements £ Cost At 1 November 2021 197,663 Additions - At 31 October 2022 197,663 Depreciation and impairment At 1 November 2021 - Depreciation charged in the year - At 31 October 2022 - Carrying amount At 31 October 2022 197,663 At 31 October 2021 197,663	Website Equipment Fixtures and fittings £ £ £ 1,808 32,328 37,238 - 27,720 - 1,808 60,048 37,238 1,808 27,756 33,802 - 3,242 1,558 1,808 30,998 35,360 - 29,050 1,878 - 4,571 3,436	Total £ 269,037 27,720
		296,757
		63,366 4,800
		68,166
		228,591
		205,670

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HEATHERSLAW MILL TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 OCTOBER 2022

14 Fixed asset investments

Cost or valuation At 1 November 2021 Additions Valuation changes At 31 October 2022 Carrying amount At 31 October 2022 At 31 October 2021 15 Financial instruments Carrying amount of financial assets Instruments measured at fair value through profit or loss 16 Stocks Raw materials and consumables 17 Debtors Amounts falling due within one year: Trade debtors Prepayments and accrued income 18 Creditors: amounts falling due within one year Trade creditors Other creditors

Listed investments £ - 100,000 (5,351) 94,649 94,649 - 2022 2021 £ £ 94,649 - 2022 2021 £ £ 6,766 8,591 2022 2021 £ £ 7,948 5,800 3,336 2,645 11,284 8,445 2022 2021 £ £ 8,005 4,306 250 250 8,255 4,556

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HEATHERSLAW MILL TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2022

19 Deferred income

Arising from government grants Other deferred income Deferred income is included in the financial statements as follows: Deferred income is included within: Shown as deferred income on the face of the balance sheet Movements in the year: Deferred income at 1 November 2021 Released from previous periods Deferred income at 31 October 2022	2022 £ 63 598 661 2022 £ 661 1,347 (686) 661	2021 £ 304 1,043 1,347 2021 £ 1,347 1,424 (77) 1,347

20 Designated funds - general

			Movement		Movement
			in funds		in funds
		Balance at	Incoming	Balance at	Incoming	Balance at
	1	November	resources 1 November		resources 31 October
		2020		2021		2022
		£	£	£	£	£
Designated funds - general		7,250	-	7,250	-	7,250

The designated fund - general is an unrestricted fund that has been set aside by the trustees for particular purposes.

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HEATHERSLAW MILL TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2022

21 Unrestricted funds - designated

The income funds of the charity include the following designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes:

			Movement		Movement
			in funds		in funds
		Balance at	Incoming	Balance at	Incoming	Balance at
	1	November	resources 1 November		resources 31 October
		2020		2021		2022
		£	£	£	£	£
Property reserve		9,000	3,000	12,000	3,000	15,000

The property reserve fund is a designated fund with monies put aside to cover future repair costs.

22 Analysis of net assets between funds

Unrestricted Funds Designated Fund - property reserve Designated Fund - general 2022 2022 2022 £ £ £ Fund balances at 31 October 2022 are represented by: Tangible assets 228,591 - - Investments 94,649 - - Current assets/(liabilities) (8,681) 15,000 7,250 Provisions and deferred income (661) - - 313,898 15,000 7,250	Total 2022 £ 228,591 94,649 13,569 (661) 336,148	Total 2021 £ 205,670 - 202,135 (1,347) 406,458

23 Related party transactions

There were no disclosable related party transactions during the year (2021: None).

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HEATHERSLAW MILL TRUST

DETAILED INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 OCTOBER 2022

Donations and legacies Donations Grants Gift aid including tax repayment Donations - designated Investment income Investment income and bank interest Incoming resources from charitable activities Admission tickets Sales Rents Other incoming resources Rates recovered Scottish Power compensation Total incoming resources Resources expended Costs of generating funds Fundraising trading : costs of goods sold Cost of sales Direct charitable activities Wages Depreciation and amortisation Bank charges Heat and light Property repairs and maintenance Exhibition costs Property repairs fund Balance Carried Forward	2022 £ £ 405 500 12,500 3,000 16,405 2,496 17,223 28,071 16,433 61,727 131 730 861 81,489 (17,261) 30,128 4,113 - 2,135 80,142 640 3,000 (120,158) (55,930)	£ 40 - 12,500 3,000 16,626 46,777 13,510 - - 26,212 2,942 148 1,579 31,274 1,270 3,000	2021 £ 15,540 5,500 76,913 - 97,953 (25,611) (66,425) 5,917

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HEATHERSLAW MILL TRUST

DETAILED INCOME AND EXPENDITURE ACCOUNT (CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2022

Balance Brought Forward Support costs Professional fees Rent Rates and insurances Postage, stationery, advertising and telephone General administration Deficit for the Year	2022 £ £ (55,930) 1,144 10 5,849 1,805 221 (9,029) (70,310)	£ 2,290 10 5,819 608 327	2021 £ 5,917 (9,054) (3,137)

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