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REGISTERED COMPANY NUMBER: 07249293 (England and Wales)
REGISTERED CHARITY NUMBER: 1141597










Report of the Trustees and

Unaudited Financial Statements

for the Year Ended 31 December 2023

for

Argos Hill Windmill Trust Limited

Argos Hill Windmill Trust Limited






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Report of the Trustees 1 to 2

Statement of Financial Activities 3

Balance Sheet 4 to 5

Notes to the Financial Statements 6 to 9

Argos Hill Windmill Trust Limited (Registered number: 07249293)

Report of the Trustees
for the Year Ended 31 December 2023


The trustees who are also directors of the charity for the purpose of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 December 2023. The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) 'Accounting and Reporting by Charities' issued in March 2005 and the provisions of UK GAAP.

OBJECTIVES AND ACTIVITIES
Objectives and aims
The aim of the Society is to repair and restore Argos Hill Windmill which is a Grade 2 starred listed building.

The objectives of the charity are specifically restricted to the following:

To preserve for the benefit of the people of Kent and Sussex and of the Nation the historical, architectural and constitutional heritage that may exist in and around Kent and Sussex in buildings (including any structure or erection, and any part of a building as so defined) of particular beauty or historical, architectural or constructional interest.

Method of operation
The organisation is managed by the Members of the Executive Committee, who are the Directors/Trustees of the charity.

All of these activities are carried out by dedicated volunteers as the Charity has no employees.

ACHIEVEMENT AND PERFORMANCE
The Trustees are pleased to report that the Mill was washed, cleaned and repainted white in the summer months of 2023 with the aid of a cherry picker which had to be removed after each day's work due to restrictions imposed by the owner of the land surrounding the mill. A team of volunteers some of whom were entirely new to the Mill attended in rotation on a daily basis to ensure the task was completed during a prolonged period of dry weather. All the shutters in the sails were repainted and stored over winter in the back of the Mill body.

The drive system for the new carriage wheels attached to the fantail carriage had to be carefully aligned and adjusted once the wheels were mounted. Further reinforcement of the fittings and frame will be needed but we are confident that the fantail will be fully functional in due course.

The Trustees also wish to express their sincere thanks to all the volunteers including the ladies who without fail provide tea, coffee and cakes twelve times a year to visitors to the Mill on our public open afternoons.

FINANCIAL REVIEW
Reserves policy
The trustees maintain sufficient reserves to support future charitable activities.

The charity had net outflow of resources of £110 during the year and had reserves of £12,610 as at 31 December 2023.

STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

Recruitment and appointment of new trustees
New trustees are recruited and appointed according to its governing document.

Organisational structure
All decisions are approved by the trustees of the charity.

Argos Hill Windmill Trust Limited (Registered number: 07249293)

Report of the Trustees
for the Year Ended 31 December 2023


STRUCTURE, GOVERNANCE AND MANAGEMENT
Induction and training of new trustees
New trustees go through a formal induction and training process.

REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
07249293 (England and Wales)

Registered Charity number
1141597

Registered office
Thatcher House
12 Mount Ephraim
Tunbridge Wells
Kent
TN4 8AS

Trustees
G W Daughtrey Director
R Howes Director (resigned 1/1/2023)
A F H L Corneille Beaupain Director
C Bottomley Director
D Stiff Director
C H Marshall Director

Solicitors
CooperBurnett LLP
14-16 Mount Ephraim Road
Tunbridge Wells
Kent
TN1 1EE

GOING CONCERN
No material uncertainties that may cast significant doubt about the ability of the company to continue as a going concern have been identified by the trustees.

Approved by order of the board of trustees on 20 August 2024 and signed on its behalf by:





G W Daughtrey - Trustee

Argos Hill Windmill Trust Limited

Statement of Financial Activities
for the Year Ended 31 December 2023

2023 2022
Unrestricted Endowment Total Total
fund fund funds funds
Notes £    £    £    £   
INCOME AND ENDOWMENTS FROM
Donations and legacies 2,488 - 2,488 2,607

EXPENDITURE ON
Construction Costs 2,049 - 2,049 898

Charitable activities 2
General 549 - 549 616
Total 2,598 - 2,598 1,514

NET INCOME/(EXPENDITURE) (110 ) - (110 ) 1,093


RECONCILIATION OF FUNDS
Total funds brought forward 12,720 - 12,720 11,627

TOTAL FUNDS CARRIED FORWARD 12,610 - 12,610 12,720

Argos Hill Windmill Trust Limited (Registered number: 07249293)

Balance Sheet
31 December 2023

2023 2022
Unrestricted Endowment Total Total
fund fund funds funds
Notes £    £    £    £   
CURRENT ASSETS
Cash at bank 12,610 - 12,610 12,720

NET CURRENT ASSETS 12,610 - 12,610 12,720

TOTAL ASSETS LESS CURRENT LIABILITIES 12,610 - 12,610 12,720

NET ASSETS 12,610 - 12,610 12,720
FUNDS 5
Unrestricted funds 12,610 12,720
TOTAL FUNDS 12,610 12,720

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.


The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.


The trustees acknowledge their responsibilities for
(a)ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.


Argos Hill Windmill Trust Limited (Registered number: 07249293)

Balance Sheet - continued
31 December 2023

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.


The financial statements were approved by the Board of Trustees and authorised for issue on 20 August 2024 and were signed on its behalf by:





G W Daughtrey - Trustee





A F H L Corneille Beaupain - Trustee

Argos Hill Windmill Trust Limited

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

INCOME
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

EXPENDITURE
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.


Computer equipment - 33% on cost

TAXATION
The charity is exempt from corporation tax on its charitable activities.

FUND ACCOUNTING
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted and endowment funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.


Argos Hill Windmill Trust Limited

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

2. CONSTRUCTION COSTS

31.12.23 31.12.22
£ £
Windmill restoration, repairs & maintenance cost 2,051 898

3. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 December 2023 nor for the year ended 31 December 2022.


TRUSTEES' EXPENSES

There were no trustees' expenses paid for the year ended 31 December 2023 nor for the year ended 31 December 2022.


4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 January 2023 and 31 December 2023 458
DEPRECIATION
At 1 January 2023 and 31 December 2023 458
NET BOOK VALUE
At 31 December 2023 -
At 31 December 2022 -

5. MOVEMENT IN FUNDS
Net
movement At
At 1.1.23 in funds 31.12.23
£    £    £   
Unrestricted funds
General fund 12,720 (110 ) 12,610

TOTAL FUNDS 12,720 (110 ) 12,610

Argos Hill Windmill Trust Limited

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

5. MOVEMENT IN FUNDS - continued

Net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 2,488 (2,598 ) (110 )

TOTAL FUNDS 2,488 (2,598 ) (110 )


Comparatives for movement in funds

Net
movement At
At 1.1.22 in funds 31.12.22
£    £    £   
Unrestricted funds
General fund 11,627 1,093 12,720

TOTAL FUNDS 11,627 1,093 12,720

Comparative net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 2,607 (1,514 ) 1,093

TOTAL FUNDS 2,607 (1,514 ) 1,093

Argos Hill Windmill Trust Limited

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

5. MOVEMENT IN FUNDS - continued

A current year 12 months and prior year 12 months combined position is as follows:

Net
movement At
At 1.1.22 in funds 31.12.23
£    £    £   
Unrestricted funds
General fund 11,627 983 12,610

TOTAL FUNDS 11,627 983 12,610

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 5,095 (4,112 ) 983

TOTAL FUNDS 5,095 (4,112 ) 983

6. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 December 2023.