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REGISTERED COMPANY NUMBER: 06669221 (England and Wales)
REGISTERED CHARITY NUMBER: 1138728














Report of the Trustees and

Unaudited Financial Statements for the Year Ended 31 October 2024

for

Millies Foundation

Millies Foundation






Contents of the Financial Statements
for the Year Ended 31 October 2024




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

Millies Foundation (Registered number: 06669221)

Report of the Trustees
for the Year Ended 31 October 2024


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 October 2024. 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).

OBJECTIVES AND ACTIVITIES
Objectives and aims
The main objective of the charity continues to be the financial support of children and their families in the Philippines. The charity continues to seek to recruit individuals and organisations to sponsor these families through regular donations enabling the support of such families on an ongoing basis.

Significant activities
The charity continues to provide financial support to families and individuals sponsoring 10 children with schooling. In addition the feeding programme continues.

Public benefit
The charity provides relief from poverty with the sponsorship of children through school and the provision of a feeding programme to assist with basic needs.

ACHIEVEMENT AND PERFORMANCE
Charitable activities
The charity supports families in the Philippines in a variety of ways including a programme which provides food, clothing and other basic essentials to families in need. The charity also works alongside a school and nursery to provide toys, clothes and books to the children that attend.

Fundraising activities
The money received by the charity is a combination of the sponsorship of specific children and general donations to support the ongoing charitable work.

FINANCIAL REVIEW
Financial position
The charity remains in a stable financial position. As the charity has few overheads the trustees consider the position of the charity to be as sufficient.

Principal funding sources
The principal funding sources are regular donations by sponsors for specific families and fund raising activities such as car boot sales and sponsored walks

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.

REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
06669221 (England and Wales)

Registered Charity number
1138728


Millies Foundation (Registered number: 06669221)

Report of the Trustees
for the Year Ended 31 October 2024

Registered office
65 Hill Top
West Bromwich
West Midlands
B70 0PX

Trustees
Ms K D Bennett Sessional Worker - Youth Offending
Rev P O Gordon Social Worker
Ms I A O'Connor General Registered Nurse
Ms V Palmer Education Trainer

Company Secretary

Independent Examiner
Altus Business Consulting Ltd
88-89 High Street
Wordsley
Stourbridge
West Midlands
DY8 5SB

Approved by order of the board of trustees on 22 July 2025 and signed on its behalf by:





Ms I A O'Connor - Trustee

Independent Examiner's Report to the Trustees of
Millies Foundation

Independent examiner's report to the trustees of Millies Foundation ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 October 2024.

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.








Richard Ashmore BA, FCA

Altus Business Consulting Ltd
88-89 High Street
Wordsley
Stourbridge
West Midlands
DY8 5SB

22 July 2025

Millies Foundation

Statement of Financial Activities
for the Year Ended 31 October 2024

31.10.24 31.10.23
Unrestricted Restricted Total Total
fund fund funds funds
Notes £    £    £    £   
INCOME AND ENDOWMENTS FROM
Donations and legacies 4,235 1,100 5,335 2,555

EXPENDITURE ON
Raising funds - - - 376

Charitable activities
Charitable Donations Made - 602 602 1,239
Support Costs 1,585 - 1,585 2,767
Total 1,585 602 2,187 4,382

NET INCOME/(EXPENDITURE) 2,650 498 3,148 (1,827 )


RECONCILIATION OF FUNDS
Total funds brought forward 1,959 - 1,959 3,786

TOTAL FUNDS CARRIED FORWARD 4,609 498 5,107 1,959

Millies Foundation (Registered number: 06669221)

Balance Sheet
31 October 2024

31.10.24 31.10.23
Unrestricted Restricted Total Total
fund fund funds funds
Notes £    £    £    £   
CURRENT ASSETS
Cash in hand 4,609 498 5,107 1,959

NET CURRENT ASSETS 4,609 498 5,107 1,959

TOTAL ASSETS LESS CURRENT
LIABILITIES

4,609

498

5,107

1,959

NET ASSETS 4,609 498 5,107 1,959
FUNDS 5
Unrestricted funds 4,609 1,959
Restricted funds 498 -
TOTAL FUNDS 5,107 1,959

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2024.


The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2024 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 22 July 2025 and were signed on its behalf by:





I A O'Connor - Trustee

Millies Foundation

Notes to the Financial Statements
for the Year Ended 31 October 2024

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.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease.

2. NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

31.10.24 31.10.23
£    £   
Other operating leases 800 2,400


Millies Foundation

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

3. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 October 2024 nor for the year ended 31 October 2023.


Trustees' expenses

There were no trustees' expenses paid for the year ended 31 October 2024 nor for the year ended 31 October 2023.


4. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted Restricted Total
fund fund funds
£    £    £   
INCOME AND ENDOWMENTS FROM
Donations and legacies 965 1,590 2,555

EXPENDITURE ON
Raising funds 376 - 376

Charitable activities
Charitable Donations Made - 1,239 1,239
Support Costs 857 1,910 2,767
Total 1,233 3,149 4,382

NET INCOME/(EXPENDITURE) (268 ) (1,559 ) (1,827 )


RECONCILIATION OF FUNDS
Total funds brought forward 2,227 1,559 3,786

TOTAL FUNDS CARRIED FORWARD 1,959 - 1,959

5. MOVEMENT IN FUNDS
Net
At movement At
1.11.23 in funds 31.10.24
£    £    £   
Unrestricted funds
General fund 1,959 2,650 4,609

Restricted funds
Restricted Fund - 498 498

TOTAL FUNDS 1,959 3,148 5,107

Millies Foundation

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

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 4,235 (1,585 ) 2,650

Restricted funds
Restricted Fund 1,100 (602 ) 498

TOTAL FUNDS 5,335 (2,187 ) 3,148


Comparatives for movement in funds

Net
At movement At
1.11.22 in funds 31.10.23
£    £    £   
Unrestricted funds
General fund 2,227 (268 ) 1,959

Restricted funds
Restricted Fund 1,559 (1,559 ) -

TOTAL FUNDS 3,786 (1,827 ) 1,959

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

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 965 (1,233 ) (268 )

Restricted funds
Restricted Fund 1,590 (3,149 ) (1,559 )

TOTAL FUNDS 2,555 (4,382 ) (1,827 )

Millies Foundation

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

5. MOVEMENT IN FUNDS - continued

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

Net
At movement At
1.11.22 in funds 31.10.24
£    £    £   
Unrestricted funds
General fund 2,227 2,382 4,609

Restricted funds
Restricted Fund 1,559 (1,061 ) 498

TOTAL FUNDS 3,786 1,321 5,107

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 5,200 (2,818 ) 2,382

Restricted funds
Restricted Fund 2,690 (3,751 ) (1,061 )

TOTAL FUNDS 7,890 (6,569 ) 1,321

6. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 October 2024.