IRIS Accounts Production v24.2.0.383 Other Company accounts True false Pounds 1.1.23 31.12.23 31.12.23 FY FRS 102 Independent examiner Small companies regime for accounts Full Charities SORP true true true true false true false true 0 0 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh074168662022-12-31074168662023-12-31074168662023-01-012023-12-31074168662021-12-31074168662022-01-012022-12-31074168662022-12-3107416866ns0:CharitableCompanyLimitedByGuarantee2023-01-012023-12-3107416866ns15:PoundSterling2023-01-012023-12-3107416866ns11:FRS1022023-01-012023-12-3107416866ns11:IndependentExaminationCharity2023-01-012023-12-3107416866ns11:SmallCompaniesRegimeForAccounts2023-01-012023-12-3107416866ns11:FullAccounts2023-01-012023-12-3107416866ns11:CharitiesSORP2023-01-012023-12-3107416866ns16:EnglandWales2023-01-012023-12-3107416866ns11:RegisteredOffice2023-01-012023-12-3107416866ns0:Trustee12023-01-012023-12-3107416866ns0:Trustee22023-01-012023-12-3107416866ns0:Trustee32023-01-012023-12-3107416866ns0:Trustee42023-01-012023-12-3107416866ns11:CompanySecretary12023-01-012023-12-3107416866ns10:WithinOneYear2023-12-3107416866ns10:WithinOneYear2022-12-3107416866ns0:TotalUnrestrictedFunds2023-12-310741686622023-01-012023-12-310741686632023-01-012023-12-31
REGISTERED COMPANY NUMBER: 07416866 (England and Wales)
REGISTERED CHARITY NUMBER: 1140237














Report of the Trustees and

Unaudited Financial Statements for the Year Ended 31 December 2023

for

The Mill Garden Trust

The Mill Garden Trust






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




Page

Report of the Trustees 1 to 2

Independent Examiner's Report 3

Statement of Financial Activities 4

Balance Sheet 5

Notes to the Financial Statements 6 to 9

The Mill Garden Trust (Registered number: 07416866)

Report of the Trustees
for the Year Ended 31 December 2023


The trustees who are also directors of the charity for the purposes 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 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).

Since the company qualifies as small under section 383, the strategic report required of medium and large companies under the Companies Act 2006 (Strategic Report and Directors' Report) Regulations 2013 is not required.

OBJECTIVES AND ACTIVITIES
Objectives and aims
The objects of the charity, as set out in the governing document are:

To preserve for the benefit of the towns people of Warwick and the country at large all of the heritage conservation plants and wildlife in the Mill Garden, Mill Street, Warwick.

In furtherance of these objects the gardens are open to the general public. Funds generated from those visits are used for the maintenance and upkeep of the gardens, and to make donations to other registered charities.

ACHIEVEMENT AND PERFORMANCE
In 2022 and 2023 the Gardens were fully open to the public for the whole of the year, having been wholly or partially closed as a result of COVID-19 restrictions during the two previous periods. During the period covered by these financial statements the charity received donations totalling £26,500 (2022: £23,789).

Donations totalling £11,030 (2022: £8,925) have been made to other registered charities..

FINANCIAL REVIEW
Financial review
There has been an increase in donations received during the period. However, there has been an increased amount of expenditure incurred as the Trustees have increased their reliance on engaging external gardeners to ensure the maintenance of the grounds and its infrastructure.

Reserves policy
The available.reserves of the Charity have been reduced as a result of the increased level of expenditure and consider that sufficient reserves should be maintained to meet anticipated costs in the following three months

FUTURE PLANS
The Trustees continue to monitor the future of the Charity, particularly in relation to any potential restrictions on the ability of the Trustees being able to open the Gardens.

STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is constituted under its Memorandum and Articles of Association dated 22 October 2010 and is a registered charity and company limited by guarantee registered in England and Wales.

Its charitable objects are set out under Objectives and Activities.

Recruitment and appointment of new trustees
The trustees are appointed in accordance with the articles of association by ordinary resolution of the members or by the directors. A director appointed by a resolution of the directors must retire at the next annual general meeting but may stand for re-appointment.

A minimum of three trustees is required and one third of the trustees retire by rotation at each annual general meeting but may stand for re-appointment.

The trustees serving during the period are shown below.

All the trustees serve in a voluntary capacity and do not receive remuneration.

REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
07416866 (England and Wales)

Registered Charity number
1140237


The Mill Garden Trust (Registered number: 07416866)

Report of the Trustees
for the Year Ended 31 December 2023

Registered office
55 Mill Street
Warwick
Warwickshire
CV34 4HB

Trustees
Mrs J Russell
D G F Russell
Mrs S H Gordon
Mrs S Hallowell-Carew

Company Secretary

Independent Examiner
Kevin Walsh BSc MA ACA
Langham Walsh
c/o Langham Walsh
BVIC, Central Boulevard,
Blythe Valley Business Park
Solihull
West Midlands
B90 8AJ

Approved by order of the board of trustees on 21 June 2024 and signed on its behalf by:





Mrs J Russell - Trustee

Independent Examiner's Report to the Trustees of
The Mill Garden Trust

Independent examiner's report to the trustees of The Mill Garden Trust ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 December 2023.

Responsibilities and basis of report
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.

Independent examiner's statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

1. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act 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; or
4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).

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.








Kevin Walsh BSc MA ACA

Langham Walsh
c/o Langham Walsh
BVIC, Central Boulevard,
Blythe Valley Business Park
Solihull
West Midlands
B90 8AJ

21 June 2024

The Mill Garden Trust

Statement of Financial Activities
for the Year Ended 31 December 2023

31.12.23 31.12.22
Unrestricted Total
fund funds
Notes £    £   
INCOME AND ENDOWMENTS FROM
Donations and legacies 26,500 23,789

Investment income 3 44 1
Total 26,544 23,790

EXPENDITURE ON
Raising funds 4 23,615 14,445

Charitable activities
Unrestricted funds 11,030 8,925
Total 34,645 23,370

NET INCOME/(EXPENDITURE) (8,101 ) 420


RECONCILIATION OF FUNDS
Total funds brought forward 14,890 14,470

TOTAL FUNDS CARRIED FORWARD 6,789 14,890

The Mill Garden Trust (Registered number: 07416866)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Unrestricted Total
fund funds
Notes £    £   
CURRENT ASSETS
Cash at bank 8,099 15,515

CREDITORS
Amounts falling due within one year 7 (1,310 ) (625 )

NET CURRENT ASSETS 6,789 14,890

TOTAL ASSETS LESS CURRENT LIABILITIES 6,789 14,890

NET ASSETS 6,789 14,890
FUNDS 8
Unrestricted funds 6,789 14,890
TOTAL FUNDS 6,789 14,890

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.

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 21 June 2024 and were signed on its behalf by:





J Russell - Trustee

The Mill Garden Trust

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

1. GENERAL INFORMATION

The Mill Garden Trust is a charitable company limited by guarantee, registered in England and Wales, and operates from its registered office as shown on page 2. Its principal activities are the showing of the Garden to the public with any surplus monies arising being donated to charities.

2. 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.

The financial statements have been prepared to give a 'true and fair' view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a 'true and fair' view. This departure has involved following the Charities SORP (FRS102) published on 16 July 2015 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.

The Mill Garden Trust meets the definition of a public benefit entity under FRS102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.

Company status
The company is a company limited by guarantee. The members of the company are the Trustees named on page 2. In the event of the company being wound up, the liability in respect of the guarantee is limited to £1 per member of the company.

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.

Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.

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 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.

Cash at bank and in hand
Cash at bank and in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

Liabilities and provisions
Liabilities are recognised when there is an obligation at the Balance Sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably. Liabilities are recognised at the amount that the company anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide. Provisions are measured at the best estimate of the amounts required to settle the obligation.


The Mill Garden Trust

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

2. ACCOUNTING POLICIES - continued

Cash at bank and in hand
Financial instruments
The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instrument are initially recognised at transaction value and subsequently measured at their settlement value.

3. INVESTMENT INCOME
31.12.23 31.12.22
£    £   
Deposit account interest 44 1

4. RAISING FUNDS

Raising donations and legacies
31.12.23 31.12.22
£    £   
Fundraising costs 4,071 978
Support costs 19,544 13,467
23,615 14,445

5. 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.


Key management personnel are the company's trustees.

Trustees' expenses

Trustees' expenses amounting to £796 (2022: £145) have been reimbursed during the period.

6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
fund
£   
INCOME AND ENDOWMENTS FROM
Donations and legacies 23,789

Investment income 1
Total 23,790

EXPENDITURE ON
Raising funds 14,445

Charitable activities
Unrestricted funds 8,925
Total 23,370

NET INCOME 420


RECONCILIATION OF FUNDS
Total funds brought forward 14,470


The Mill Garden Trust

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

6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
Unrestricted
fund
£   
TOTAL FUNDS CARRIED FORWARD 14,890

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Accrued expenses 1,310 625

8. MOVEMENT IN FUNDS
Net
movement At
At 1.1.23 in funds 31.12.23
£    £    £   
Unrestricted funds
General fund 14,890 (8,101 ) 6,789

TOTAL FUNDS 14,890 (8,101 ) 6,789

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

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 26,544 (34,645 ) (8,101 )

TOTAL FUNDS 26,544 (34,645 ) (8,101 )


Comparatives for movement in funds

Net
movement At
At 1.1.22 in funds 31.12.22
£    £    £   
Unrestricted funds
General fund 14,470 420 14,890

TOTAL FUNDS 14,470 420 14,890

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

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 23,790 (23,370 ) 420

TOTAL FUNDS 23,790 (23,370 ) 420

The Mill Garden Trust

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

8. 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 14,470 (7,681 ) 6,789

TOTAL FUNDS 14,470 (7,681 ) 6,789

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 50,334 (58,015 ) (7,681 )

TOTAL FUNDS 50,334 (58,015 ) (7,681 )

9. RELATED PARTY DISCLOSURES

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