Charlty rezlstrnfjon number SC019830 Ikotlandl THE MILL ON THE FLEET ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
THE MILL ON THE FLEET LEGAL AND ADMINISTRATIVE INFORMATION Trustees Barnaby Fryer David Hart Diana McGavin Dlana Proudlove Yvonne Harrison Yvonne Glass (Appointed S JuThe 20251 (Appointed 24 July 20251 Charity reglstrntion Scotland SC019830 Independent examlner Jennifer McDairrnant, FCA 26 High Street Annan Dumlries & Gallowav DG12 6AJ
THE MILL ON THE FLEET CONTENTS Trustee5' report Independent examiner's report Statement of financial activities Balance Sheet Notes tothe fi.nancial statemefjts 6-15
THE MILL ON THE FLEET TRUSTEES, REPORT FOR THE YEAR ENDED 31 DECEMBER 2025 The trustees present their annual report and financSal ststements for the year ended 31 December 2025. The finaTrcial siatements have been prepared in aecordan¢e wilh the a¢covntinR policies set out in note I to the financial Statements and comply with the charity's governing document. the Charities and Trustee Investment (Scotlandl Act 2005. the Charitie5 Accounts Iscotlandl Re8ulations 2006, FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charitie5 SORP 'Accountin8 and Reportill8 by Charities.. Ststement of Recommended Practice applicable to charities preparing their accounts in accordance with the Flnancial Reporfjng Standard applicable in the UK and Republlc of Ireland IFRS 1021" Objectives and activities The purpose of the charity 15 to advance. develop, improve and extend-The Mill on the Fleet- as art5. heritage and cultural centre for the benefit of Gatehouse of Fleet and the wider region. Activities The Mill on the Fleet 15 3 large exhibition Cent In a restored 18th century. listed cotton rnill. It h05t5 permanent core displays on the history and heritsge of Gatehouse of Fleet aThd the Fleet Valley area, and during the season r( put5 on annual programme of temporary exhSbitions, talks. live Music and other comrnunity events. The Gatehouse Tourist Information Centre is based in the mill. There 15 also a shop selling regional arts and crafts, a wond-hand bookshop. and a café wilh a riverside terrdce. Housed within the grounds of the mill 3re.' Wheels of Fleet- the main hub for Active Travel between Oumfries and Stranraer. and the Mens. Shed and Community Garden. both of which support mental wellbeSng and social inclusion Achlevements and perfomian¢e 5ignifi'cGnt ocbvities ollLI achievements ugoinst objective5 2025 was something of a 'changing the Euard, year, with Ken Srnyth stsnding down at the AGM in Jun¢ after almost 20 years service. The board has seen a nurnber of changes over the year, with the sad loss in May of Girry Turnbull. who passed awav after beinE lost at sea. The board is now entirely new, looking to pick up the reins and steerthe mill into a new chapter. The riverside cafe is now run by Mill on the Fleet Cafe CIC, as an independent. not-for-profft community cafe. The food and drink offer has been expanded and a number of events and perforrnances taking place in the cafe area during the year. The bookshop and PA Arkn5ts shop on the top floor have continued offering a wide range of Eoods fv visitors to explore and purchase. The art5 and culture programrne in 2025 had a Mixtu of some wellloved regulars as well as some new land tLITningl fixtures. A series of classical performances and work5hop5 in the Faed Gallery were well received and we even hosted a celebration event for a week-long piano course running at various venues in town. Mill Talks returned, showcasing interesting talk5 by a wide range of speakers. covering cultural and natural heritage topics. BigLit once again used the mill as a key venue. both for performances and as the green room, f the performers. We also hosted a book launch by a local author in 2025. Visitor numbers weTe 12.575 over the 2025 season,. a small increase on 2024.5 figure of 10,982. A Msitor survey was carried out in 2025. 8Svln8 us loads of useful information about the mlll, to feed into futvre development plans. Behind the 5¢efies, a huge amount of work ha5 been done on the buildin& which is really showing its a. The lrft is still unysable for the general public. which prevents peoplÈ with mobility Issues reachin8 the top floor. Unlortunatèly. Ihe costs to repair the lift are not viable for the charity to meet and we really need to be looking at a lift rq)lacement in the future. We did manage to re-form the Mill Engineering Group. with a number of lotal volunteers stepping forward to help us with the myriad tasks involved in keeping a building of this size functioning. A £urrent focus of this group is in trying to get the water wheels back into operatton. as a key showcase of the mill'5 heritage. A 518nihcant arnount ol money has been spent on upgradin8 the Elertric•l systems in the mill, to ensure legal compliance, with More work needing to be carried out in 2026.
THE MILL ON THE FLEET TRusfEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 A range of fundraising acttvities were held, to help rneet the costs of this worl with a fundraising curry eveniTh& as well as the launch of the Mill 11)) club. The 21>year lease from the COUACII expired in March 2025. We are on a rolling lease extension. while we work with the counril to secure a new, long-temi lease through the CornmunityAsset Transfer proce5S. As part ol that. a huge amount of effort has been put into developing a business plan for the mill to support its development over the next 20+ years. We look forward to agreeing the detsi15 lor a new lease in 2026. Finanelal veview The delicit in unrestricted funds for the year was £17.574, with a net totsl defi'cit of £15,495. This was primarily due to the ce55ation of what had been a regular Efant from Dumlries and Galloway council lllothing was received for 201SI26- leadinE to a E4,000 drop in income against budget) and expenditure of over £IS.000 on urgent electrical upgrade5 and safety certiticatr.on work. The deficit was funded from tash reseryes. Reserve5 policy The tru5tee5 reviewed the Reserves Policy in 2025 and agreed that for the current year a reserve crf E7.500 lan increase from the previous level of £5.0001 would be retained to provide a contingency against potential risks. unexpected costs and outstanding liabilities in the event of the windin*up of the charity. It is proposed to further increase the level of serveS to £IO.000 from 2027. Strurture. veranCe and manayment The trustees who ser¥ed duringthe year and tsp to the datÈ of signature of the financial statements were.. Danny Alderslowe IResi8ned 7 April 20251 Bamaby Fryer David Hart Alex Hodson Dlana McGavin Diana Proudlove Ken Smyth Garry Turnbull Helen Keating Yvonne Harrison Yvonne Gla55 IResigned 5 June 20251 (Resigned 5 June 202SI IResigned 13 May 20251 (Appointed S June 2025 and resigned 8 August 20251 (Appointed 5 June 20251 IAppointed 24July 20251 Recruitment und oppointment of trustees Trustees are recruited or appointed at an AGM, orcLH)pted as quired. The trustees. report was approved by the Board of Trustee5. Barnaby Fryer Trustee Date..
THE MILL ON THE FLEET INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE MILL ON THE FLEET I report on the financial statements of the charity lor the year ended 31 December 2025, whlch are set out on paEes 4 to 15. Rtspecknve respon$ibillttts of trustee$ and examlner The charity's trustees are responsible for the preparation of the finantial staternents in acc(*dance with the terms of the Charifjes and Trustee Intrestment (Scotlandl Art 2LKIS and the Charities Accounts Iscotlandl RegulatiL5 2006. The charity trustees consider that the audit requirernent of Regulation Iollllaklcl of thÈ Charities Accounts15cotlandl Regulations 2006 does not applv. It is my responsibllity to examine the financial staternents a5 required under secDon 44llllcl of the Charities and Trustee Investment Iscotlandl Art 2005 and to State whether partlcular matters have come to my attention. Basls of Independent examlnees statement My exarnination is carried out in accordance with Regulation 11 of the Charities Account5 (Scotlandl ReBulation$ 2(X)6. An examination includes a review of the accounting records kept by the charity and a cornparison of the financial statements presented with those records. It also include5 c005ideration of any unusual items or disclosu5 in the linancial statements. and seeking explanations from the trustees concerning any Such matter5. The procedures undertaken do not provide all the evidence that would be required in an audiL and consequently I do not exprèss an audit opinion on the view Riven by the finant1al sMements. Independent examlner'5 5tztement In the course ol my examination, no matter ha5 corne to my attention l. which give5 rne reasonable cause to believe that in any material SpeCt the requirement5.' to keep arcounting records in accordance with Section 44llllal of the Charities and Trustee Investment (Scotlandl Act 2(X)S and Regulation 4 of the Charities Accounts Iscotlandl Regulations 2006, afid to preparÈ linancial statements which a£¢ord with the accounting records and comply with ReBulation 8 of the Charities Accounts Iscotlandl Regulations 2()6 have not been met, or 2. to which, in my opinion. attention should be drawn ITh order to enable a proper understsnding of the financial ststements to be rÈa£hed. Jennifer M¢Dalrn)ant. FC 26 High Street Annan Dumfries & Galloway DG12 6AJ Date..
THE MILL ON THE FLEET srATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2025 Unrnstritltd funds 2025 Restrlcted funds 2025 Total Unrtstrlrted funds 20Z4 Restricted funds 2024 Total 2025 2024 Note5 Income and endowments from.. Donanons and le8acie5 Charitsble activities Other income 6,127 22.246 6.127 24,154 259 3,816 41,968 607 3.816 41,968 607 259 Totsl In¢ome 28,373 2.167 30.540 46,391 46,391 Empendlture ijn.. Raising funds Charitable activities 407 4S.540 407 48,818 11,409 48,818 11,409 88 45,628 Total expendlture 45.947 88 46.03S 60,227 60.227 N•1 inromelleMpendlr*} and m¢>¥ement In fund5 117.S741 2,079 115.4951 113,8361 113,8361 Re¢ondllatlon offvnd$: Fund balances at l January 2025 29,835 iii 29,946 43,671 iii 43,782 Fund balances at 31 Dember 2025 12.261 2.190 14,451 29.835 iii 29.946 The ststement of linancial activities includes all gains and 1055es reco8nised in ihe Veèr. All irrome and expenditure derive from continuing activities.
THE MILL ON THE FLEET BALANCE SHEET ASAT31 DECEMBER 2025 2025 2024 Notes Current assets Cash at bank and in hand 14.451 29,946 Net current assets 14,451 29.946 The funds of the thorlty Restricted inctsme fund5 Unrestricted lunds li 12 2.190 12.261 iii 29.835 Iiiiiiiity 14,451 29,946 nanci31 statements were approved by the trustees on ............ B3rnaby Fryer Trustee
THE MILL ON THE FLEET NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEM8ER 2025 A(countlng poll¢le$ Charlty InfOrmaOn The Mill on The Fleet is a Scottish Charitable Incorporated OrgaThisatr"on ISCIOI. 1.1 Basls of preparntion The h"nancial ststements have been prepared in accordance wlth the charity's governing document, the Charitie5 and Trustee Investrnenl (Scotlandl Att 2LKIS, the Charities Accounts (Scotlandl Regulations 200G. FRS 102 "The Financial Reporhng Standard applicable in the UK and Republic of Ireland. and the Charlttes SORP Accounting and ReporDng bv Charities.. Statement of Recommended Practice applicable to £haritie5 preparing their accounts in alrdance with the Financial ReporrinB Standard applicable in the UK and Republic of Ireland (FR5 1021. The charity is a Publlc Benelit Entity as defined by FRS 102. The charity has tsken advantsge of the provisions In the SORP for charities not to ppare è statement of cash flows. The linancial statement5 a prepared in sterliTh& which is the funthonal currency of the chariiy. Monetary amounts in these financial statement5 are rounded to the nearest £. The financial staternents have been prepared under the hisrorical cost convention. The principal accounting polic*es adopted are Set out below. 1.2 Goln8 concern At the time of approving the financial statements, the trustee5 have a reasonable expeuation that the charity has adequate resourtes to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparin8 the financial statements. 1.3 Charftable fvnd5 Unrestricted funds arÈ available for use at the discretton of the trustees in furtherante of theircharitable objeciive5. Re5trirted funds are Subject to speclfic conditions by donors or grantors as to how they may be used. The purposes and uses of the restritted lunds are set Dut in the notes to the financial statements. Endowrnent funds are subject to speeif5c (onditions by donors that the capital must be maintalned bythe charity. IA In(ome Income is recognised when the charity is legally entitled to it after any performance conditions have been met. the arnounts can be measured reliably. and it is probable that income will be received. C•5h donations are recogn¢sed on CeiPt. Other donation5 are recognised once the charity has been notifi'ed of the donation. unless performance condition5 require deferral of the amount. Income tax ¥ecoverable In relation to donations received under Gift Aid or deeds of covenant 15 recognised èt the time of the donation. Le8acies are recognised on receipt or otherwise if the Charity has been notifi.ed of an impending distribution. the amount is known, and recelpt 15 expected. If the amount is not known, the le8acy is treated as a contingent asset.
THE MILL ON THE FLEET NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 Accounting pollcles Icontlnuedl l.S Expendf(ure Expenditure is reco8nised once there is a legal or constructTrve obligation to transfer economic ba)efit to a third party, rt is probable that a transfer of economic benefits will be required in settlement. and the amour*t of the obligarion can be measured reliably. Expenditure is classified by athvity. The costs of eath acffiw6ty are made up of the total of dIrt costs and shared costs. includin8 SUPPOrt Costs involved in undertaking each activity. Direct costs attributable to a single athvrty are allocated dlrectly to that actyvity. Shad costs which contrlbute to more than one activity and support ¢05t5 which are not attributable to a single activity are apportioned between those activitie5 on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time Spent. and depreciation charge5 are allocated on the portioTh of the asset's Use. 1.6 Cash and cash equivalents Cash and cash equivalents include cash in hand. deposits held at call with banks. other 5hort-terrn liquid investments with original maturitie5 of three month5 or less, and bank overdraft5. Bank overdrafts are shown within borrowings in curreTrr liabilities.
skflnon¢lolossets
8asit financtal asset5. which include debtor5 and cash and bank balance5. are iniallY rnea5ured & tranSaCon price including tran53ction costs and are Subsequently carried at arnortised cost Using the effective interest method unless the arrangement cor15titutes a financing tran5athon, where the transaction 15 measured at the presert value of the future receipts discounted at a market rate of inte$t. Financlal 8ssets classified as ceivable w•thin one year are not arnorti5ed. 8usicfinan¢iolliobilities Basic financial liabilities, iThcludin8 credittsr5 and bank loans are inifjally reeoEnised at transathon Price unless the arrangemeni constitutes a fi.nancing iransacron, where the debt instrument is measured at the presert value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are Thot amortised. Debt ill5truments are subsequently carried at amortised ¢ost, usin8 the effethve Inte$t rate method. Trade creditors are obligations to pay for goods or service5 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 liabilitie5. Trade creditors are recognised initially at transaction price and 5ub5equentlv measured amorrised Cost usln8 the effective intefest method. Derewnltlon ofJSft•n¢l•lllublllrfes Finarncial Itabilities are derecognised when the charlS coThtractual obligations expire or are discharged or cancelled. 1.7 Employee benefits The cost of any unused holiday entitlemeTht is reco8ntrsed in the period in which the employee's services afe received. Termination benefi'ts are recognised immediately as an expense when the char¢ty is demonstrably committed to terminate the ernployrnent of an employee or to providè termination bÈnefits.
THE MILL ON THE FLEET NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 Crltkal a¢¢ountin¥ estlmate5 and Judgements In the application of the charity'5 accounting policies, the trustee5 are required to make jud8etnent5, estimates and assurnptions about the carrying amount of assets and liabilitie5 that are not readily apparent from other sources. The e5tirnate5 and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ Irorn these estimates. The estirnate5 and underlying a55umption5 are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estifflate 15 revised where the revision affects only that perifxl, or in the period of the viSIon and future periods where the revision affects both current and future peri(Kls. Income from donations and le8o¢les Unrestricted funds 2025 Unrestricted funds 2024 Donation5 and gifts Grants 5.110 1.017 3.816 6.127 3,816 Income from charltable 4thtieS Unrestricted Resirirted lunds funds Z025 Z025 Totsl Unrestricted funds 2024 Restricted funds 1024 Total 2025 Z024 Charliable actTrvltl Sale of goods Room hi¥e Events Fundraisin8 Cafe recharges Rent 33.768 33.768 601 690 1.705 3,7tX) 15,550 601 778 3,525 3,700 IS.S50 88 1.820 8.200 8,200 22,246 1.908 24.154 41.968 41,968
THE MILL ON THE FLEET NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 other Income Unrestricted fund$ 2025 Restrlrted fvnds 2025 Total Unre5trirted funds 20Z4 Re5trlcted funds 2014 Total 2025 20Z4 Other receipts 259 259 607 607 Expendlture on ralslngfunds Unrestrlcted Unrestrlrted funds fund5 2025 2024 Fundraising and publiclty Other fundraising costs 407 Tradlng costs Other trading acrivities 48,818 Total cost5 407 48,818
THE MILL ON THE FLEET NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 Expenditurt on charitsble activities Charitable athvltles 2025 Charitable aL%fvifje$ 2024 Dlrtct rosts Water and wa#e Business rates Insurance Maintenan 2,750 4,067 1.127 1.356 1.096 4,989 629 I,iio 660 19,374 11,932 1,158 S06 Phone and bioadband Development Accountancy Refreshments Advertisin8 Events Expenses Bank charges Misc payments Donaffions 864 794 450 850 300 816 142 45.628 11,409 Analysls by fvnd unStrICted funds Restricted funds 45.540 88 11.409 45,628 11,409 Trustees Expenses totaling £829.88 were reirnbursed to 5 trustees for purchases made on behalf of the charity, including food supplies for the fundraising event, key cutting. donation boxes. non-slip decking strips and tea/coffee for the Mill Talks. Receipts were obtained for all expenses paid. Employees The average monthly number of employee5 during the year was.. 2025 Number Z024 Number There were no ernployee5 whose annual remuneration was more than £fAI.(%JO. 10-
THE MILL ON THE FLEET NOTES TO THE FINANCIAL STATEMENTS {CONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2025 10 Taxatlon The charity is exempt frorn tsxation on tts acty"wties because all its income is applled for charitable purposes. li Restrl¢ted lunds The restricted funds of the charity comprise the unexpended balances of dOnaOnS and grant5 held on trust subject to speclfic condition5 by donors as to how they may be used. At l January 2025 Incomlng reSoue5 Resources At 31 December expended 2025 Community Garden Fund Piano Course Fund Orphan Cash Funé Mill 'l(X) Club. Fund iii iii 8R 1881 259 1,820 259 1,820 iii 2.167 1881 2,190 Previou5 year: At l January 2024 Incomlng resources Resources At 31 December *xpended 2024 Community Garden Fund iii iii al Cornmunity Garden Fund Balance of funds from a grant made In 2023 to support the work of the community drdeD in the ground5 of the Mill on The Fleet bl Piano Couyse Fund Funds related to a piano course and associated Concerts held over the summer in 2025. uslng the Mlll's spaces for sorne activitie5, the Mill's online book¥ng system and facilitie5 such a5 the piano. On completton of the course. the organi5ers agreed to donate the balance of £3.05 to the Mill. cl Orphan Cash Fund During a clear-out In the Mill in 2025. a number of bags of Cash were found, dating back as far as 2014. apparently relating to sales in the Mill Shop on behalf of local artists. prior to the closure of the shop. Efforts are underway to identtfy and contact the arhsts concerned. dl Mill'lOD Club, Fund The Mill is launching a 100 Club from January 2026 as a fundralsing Initiative. Cash in this fvnd represent$ 100 Club Membership fees for 2026 paid in advance.
THE MILL ON THE FLEET NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEM8ER 2025 12 Unrestrirted fund5 The Unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and graniors as to how they may be used. These include designated lunds which have been set aside out of Un$t[Icted funds by the trustees for Specifi'c purposes. At lJanuary 2025 In¢omln£ esources Resource5 At 31 Oe¢ember expended 2025 General funds 29.835 28,373 145.9471 12.261 Previous ye•r: At lJ4nu•ry 2024 Incomin8 resgur(e5 Resources At 31 December expended Z024 General fund5 43.671 46,391 160,2271 29.835 12-
THE MILL ON THE FLEET NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 12 Unresiflcted funth Icontlnuedl 111 Donation5 Bookshop Visitor donations- cash Visitor donations- card Mill talk5 donation5 Other donations Total donations 17 2,138 1,195 756 S,109 121 Grant$ A grant of £1,017 was te1Ved from the 2024125 Dumfries and Galloway Council Communsty Fund toward5 the runrning costs of the Mill. An unsuccessful application was made for grant support for 2025126. 131 Rental Income Mill on the Fleet Cafe CIC PA Arrists Pop-up Mill on the Fleet Bookshop Wheels of Fleet Totsl rental income 3.SCrf) 5.150 15.550 141 Room Hire Room hi income compftsed f 3tJ) from the BigLit festival. which was h05ted in the Mill. and £301 from hire of the River Roorn and Faed Galleryto external organisation5 and indfviduals. 151 Events Incorne This represÈnts titket sales from two concerts held in the Faed Gallery. 161 Fundrni$in£ Income This presents the 8ross ¢ncome from one fvndraising event held in the Mill Cafe. 171 Cafe Recharges These represent costs paid by the Mill for the electricity Supplied to the cafe l£1,1401 and business rates lor 25126 1£2,5601. both rechargéd to the Mlll on the Fleet Cafe CIC. 181 Tradln8 Recelpts and Payments The trading receipts and payment5 fi8ures for the previous period relate to the in-house cafe. which was permanentlv c105ed at the end of October 2024. The incorne liguTe represent$ 8ross cafe salès and thé èxpenditure fi8ure includes aTh element of overhead £05ts (including water and waste. in5urante, elertricity, advÈrDsing, phone. atcountancy etcl apporknoned to the cafe. In 2025, the Mill expenditure figure5 include the full c05t5 of the overh&ds, an appropriate proportion of which are covered by the rent charged to the new tenant, the Mill on the Fleet Cafe Cl. 191 Business Rates As a ¢onsequence of the level of income from the in-house cale, the Mill became liable to pay business rates from the 2024125 fi.nancial year. Business rates payments in 2025 include the payments relating to the financial years 202412S and 2025126. the latter being re-charged to the Mill on the Fleet Cale CIC. Discussions are underway with the Councll valuation departrnent to arrange for separate ratin8 of the t•fe from 2026127. 13-
THE MILL ON THE FLEET NOTES TO THE FINANCIAL STATEMENTS (CONTINUED} FOR THE YEAR ENDED 31 DECEMBER 2025 12 Unrestrlcted funds (Continued) 1101 Malntenance Costs Maintenafice costs include £12,959 for elerital upgrades and 3 safety certificate for the Mill ground floor and cafe, and £2,374 for the elertrical safety irsspection of the rernaining areas of the Mill. IThe necessary elertrical upgrade work to the remaining areas is due to be carried out in early 2026.1 1111 Development Ci)sts Development costs include for new si£na8e and the purchase of a card machine for visitor donations. 1121 Refreshments Costs RefTe5hrnent5 COSt5 include £770 for the provision ol tea/coffee to volunteers managing the welcome and tourist inforrn3tion desk in the Mill. and £24 for the provision of refreshments at the Mill Talks events. 1131 Mlscellaneou$ Payments Mlscellaneous payment5 relating to charitable acknvitie5 include £380 for the re-printin8 of local walks leafle15, the PRS music licence for the Mlll, and support costs for the card machlne. 13 Anaty5is of net assets between funds Unre5trlrted Restrlrted fund5 2015 Total lunds 202S 2025 At 31 December 2015.. Current assetsllliabilifjesl 12.261 2,190 14,451 12.261 2,190 14,451 Unre5trirted fund5 2024 Rettrfrted funds 2014 Total 2024 At 31 Dernber 2024.. Current assets/lliabiliMesl 29.835 iii 29.946 29.835 iii 29.946 14 Related party transactlons 14-
THE MILL ON THE FLEET NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 14 Related party transactlons Icontlnuedl Ken Smyth. a trustee un1 5 June 2025, ha5 an ir5terest in two businesses whtch pay rent to the clority, the Mill Bookshop and the PA Arnst's pop-up. Ken Srnyth a150 ha5 an interest in a design company to which the Mill paid E35.29 for a new entrance Sign whilst he wa5 a trustee. Barnaby Fryer. 8 trustee. is 3150 a director of the Mill on the Fleet Cale CIC. which pays rent to the Mill, and which the Mill pays for services including the provision of refreshments for volunteers. 15-