MILTON COMMUNffY CLNfRE AND RECREATION CROUM)S FINANCIAL STATEMENTS FOR THE YEI AR EIYDED 31 MARCH 2024 CONTENTS PAGE Trustees, Report and General tnformation Independent Examiners, Report Statement of Financial Activities Balance Sheet Stateinent of Cash Flows Notes to the Finanoial Statements 10- 13 The following pages do not form part of Statutory Financial Statements Income & Expeiiditure A¢colt 14- 15
MILTON COMMUNITY CEI NTREI AND RECREATION GROUNDS Page I FINANCIAL STATEMENT S FOR THE YEAR ENDED 31 MARCH 2024 TRUSTEES, ANNUAL REPORT The Trustees present their report and fInCIal statements of Milton Community Centre and Recreation Grounds for ihe year ended 31 March 2024. The financial statem¢nt5 hav¢ be¢n prared in aGwrdance with the accounting poli¢ies set out in note l and comply with tbe trust deed, the Charities Act 2022 and Accounting and Reporting by Charitie8.' Stat¢ment of Recommended Practice applicable to charÉti¢s preparing their accounts in aGcordan¢e witb the Financtal Reporting Standards applicable in the UII and Republic of Ireland effective I lanuary 2019 OBJECTIVES AND AcfiviTIES PURPOSE OF THE CHARITY AS SET OUT IN THE GOVERNING DOCUMEI NT The Charity's objectives are that of providing facilities for the purpose of a Community Centre, Courts and Recreation Grounds for usc by the inh&bitants of LKliLton &nd the sunounding neighbourhood. MAIN ACTIVITIES UNDERTAKEN IN RELATION TO THOSE PIIRPOSES The strategy employed to aohieve the Charity's obje¢tive5 &re: Providing clear inforniation on facilities available and Costs to hirers Offering discounted rates for village &qsociations. residents and clubs I XPLANATION OF THE ACTIVITIES AND SERVICES IDENTIFIED IN THE ACCOUNTS The Charity fills a significant gap in providing facilities for bot adults and ehildren who wish to take part in those actLVities offered by the various clubs and organisa£ions that use the centre. TFLe Charity tak¢5 thks rol¢ very s¢riously and invests resources to improve those facilities wherever possible. SULIqMARY OF THE MAIN ACHIEVEMEIYTS OF THE CHARITY The performance of the Charity has recovered well froin the pandemic, supported with Governm¢nt grants, without having to incroase fees to a level thal. cannot be sustained or afforded. The Charity adopted a poliey of maintenance to preserve the conditions of the buildings and grounds and carry out essential improvements lo maintain a pleasant and safe environment. THE DIFFERELNCE THE CHAIUTY'S WORK HAS MADE TO ITS BENF,FICIARIES PUBLIC BENEFIT During the year the Charity has provided faGiliti¢s to over l 00 clubs and or8anisation8. Wherever possible the Charity has provided support tr) those people participating, these have included the National Blood Service, the BL8t Anglian Children's Hospice, Alcoholics Anonymous, Patients Participation Group, Cubs, Swuls + B¢av¢rs, Kids R Us, Slimming Worl(L Brownies, Tumbletots, XS Latin, Colts + Seniors football and ¢ri¢ket, Milton T¢nnis Club, The Red Cross Milton Surgery, Tbe Edtnund Trust, Eddie's Artworks, Phoenix Trust, Electoral Services SCDC, Community Cafe, Diabetes Support Gll)UP [d Fall Prevention Clinic TRUSTEES, REGARD TO TIIE CHARITY COMMISSION GUIDE ON PUBLIC BENEFIT The Trustees confirni that they have complied with the duty of section 4 of the Charity Act 2022 relating to publi¢ benefit. The ChaTitie8 AGt 2022 (Section 2 of Part l) identifies'making &vailabl¢ leisure facilities for the village of Milton" as a public benefil.. FUTURE PLANS The Trustees will wntinu¢ the policy of regular matnt¢nan¢¢ and improvements to facilitate as many local Glubs and organisations as possible to use th¢ am¢nities. The Trust¢es ¢onsid¢r there are siifficient fiinds to continue to opetate for the foreseeable future.
ILTON COMMUNITY cNR AND REI CREATION GROUNDS Puge 2 FINANCIAL STATEMENT S FOR THE YEI AR ENDED 31 MARCH 2024 TRUSTEES, ANNUAL REPORT FIIYANCIAL REVtEW REVIEW OF THE FINANCIAL posfTION AT THE END OF THE YEAR Total incom¢ for the year was £168,558 (2023.. £148,824) which reflects an increase of £19,764 from tbe previous year, Total expenditure for the Ye was £152,244 (2023,. £138,166) whi¢h refl¢¢ts an increase of £14,078 primarily arising due to an increase in utility costs. The principal funding sources, aside from its hire fees and investment incoLne, were contributlolls frotn the Parish Coull¢il. RESIRVES POLICY Unrestrictsd reserves comprise of the total reserves for the Cbarity. The Charity reports that the unrestricted general reserves increased from £331,513 to £347,827 and the manag¢ment committee consider this satisfaGlory..It is the policy of the Ch&rity to maintain reserves at a level which relates to approximately two yeRrs expendiknre in Cash terms. This provides sufficient funds to cover management, admLlllSttRtion, and sUPrt costs of the MCC and to cover unforeseen building repairs not covered by insurance and contributions toward costs, PRINCIPAL RISKS AND UNCERTAINTIES Internal controls over all forms of income, assets, Gommitmcnts, and ¢xp¢nditure wntinu¢ lo be r¢vi¢w¢d for efficiency and effectiveness. PerforllieJ]oe is nionitored and appropriate inforiT)ation is prepared and reviewed regularly by the finance committee. The Charity currently PTodu¢e8 all annual budget and pOrtS against that and that of the previous year, requiring the centre manager to comment on variances and outline corr¢clive action if required. The Trustees have authority to ensure that an aGtive risk managernent process is in place and forms part of the ongoing organi8ational aGtivity. STRucfuRE, GOVERNANCE AND MAN.4GEMEiYr NATURE OF THEI GOVERNING DOCUMENT The Milton Community Centre and Reoreation Grounds (the"MCC") is constitul¢d under a Deed datsd 8 November 2000 and is a registered charity nlltnber 1071503. The Charity's objectives are that of promoting the use of its recr¢ational assets and facilities for the benefit of the public. The Charity has a Glose relationship wit th¢ Parisb Counril. The Parish Council is the custodiarL tru5t¢e and provides funding for the ch'Ity by way of an annual contribution to cost&. Th¢ two parties meet as often as required lo discuss itsms of mutual interest. The governing document is the Constitution Docuit]ent accepted by the Trnslegs on 8 November 2000. TFtE CONSTITUTION OF THE CHARITY The Gonstitutioll declares that the Tntte& who have served during the year are representatives from recognised organisations and elected Jnembers. Trustees are appointed at the AGM and gerve for a period of one year. There are 3 sub.committees elected by the Thistees and these are the building committee, the outdoor recreation comm ittee and the finance and staffing cominittee. All 3 sub.committees report to the main Trustees. tneetings b¢ld during tbe year. THE COMMITTEE OF THE TRUSTEES Trustee5 are appoinl'ed at tbe AGM and serve for a period of one year. Trnstees are responsible for the management of the risks faced by the Charity. Risks are identified and a8se8sed. and Controls eSNliShed throughout the year. Significant new ventures are subject to a ris1( analysis by the Twste¢s b¢for¢ they are approv¢d. Trustees Inalce a distinction between those initiatives which ai'¢ subject to normal comrnercial practices and those which are subjeth to fjov¢rninent policy. In both cases, the MCC confomis to the legislative framewot41. The Charity is aiso Linderpinned by a cenlre inanager and trust ¢1CCOUlltant who support the decisioii malcing, The .8ub-coinmitt¢es meet al regiilLir times and experts al'e engaged when required to provide support and developinent of Ilie cenli'e.
MILTON COMMUNITY CENTRE AND RECREAT10Tr4 GROUNDS Page 3 FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 TRUSTEES ANNUAL REPORT RECRumENT of4 NEW TRUSTEI ES The Charity rnay by ordinary rc501ution appoint a person who is willing to act &s a Trustee, ¢ith¢r lo fill a vacancy or an additional Trnstee. New Trustees are invited to farniliari5e themselves with the Charity and the context within whTch it operat¢s. The obligation of the 8ub-cornrnitte¢s. The main documents which set out the opetptional frameworlc of th¢ Charity, The current financial position including the latest published accounts and the current management accounts. Future plans and objectives. The Charity Cominission guide "The Essenti TNstee" Trustees ar¢ encouraged to attend appropriate external training where this will facilitate the Lmdertalcing of their role wilhin Ihe Charity. kTY MANAGEMENT PERSOIYNKL REMUNERATION The Trustees consid¢r the Board of Trustees and the Centre Manager as Comprising the key managen)ent personnel of the Charity in charge of direclit]g and controlling the Charity and running and operating the Charity on & day to day basis. All Trustees give their time freely and no trustee remuneration or expenses were paid in the year. Trustees Rre required to disclose all relevant interest and register them with the Centre Manager and in accordance with the Charity's policy withdtzw from dF¢ision wlLer¢ a cottflict of interest arises. REFEREIYCE AND ADMINISTRATIVE INFORMATION TRUSTEES: Th¢ m¢mb¢rs of the Gharitable org¥4llisation ar¢ its tt115t¢es for the purpose of Charity law and throughout this report are ¢oll¢¢tively referred to as the trllstees. Mcjnbers serving as trustees during the year W¢ as follows: COMMrrTEE MEMBERS: This Gonsists of12 Representatives of Clubs and Associations and 4 eleGted, memb5. AFFILIATED ASSOCTATIONS: Tennis Club Parish Coun¢il Cricket Club Football Club Outdoor Bowls IndoorBowls Scout Group Colts Football Brownies Badminton Summer Fayre Guides and Rangers Outdoor Bowls Dave Webster Rob Farrington Adam Hallworth Fraser Confr John Froment Keith Overall Bob Pain Paul Yaxl¢y Helell Parlier Roy Martill Sarah Corder Allison Orton Bob Nortnan- Resigned 5 October 2023 ELII CTED MEMBERS: Rob Farrington Andy White Hue Holleran Doll Wildman Jody Chatterjee- Resigncd 5 Oclober 2023 CUSTODIALY TRUSTEE: Miltoii F'iSh Council CENTRE MANAGCI R: Andy West
IittLTON COMMUNITY CENT4 AM) RECREATION GROUNDS Page 4 FINANCIAL STATEMENTS FOR THE YEAR EI NDED 31 MARCH 2024 TRUSTEES, ANNUAL REPORT REFERENCE AND ADMINISTRATIVI ITrIFORMATION........ ...... . PRINCIPAL OFFICE: Coles Road Milton Catnbridge CB24 6BL . ICONTINUED CHARITY NUMBER: 1071503 DEPENDEI NT EXAMINER: Ntgel A Prentis FCA For and oll behalf of Prentis & Co LLP Chartered Accountants 115c Milton Road Cambridge CB4 IXE TRUST ACCOUNTANT: Bee&Co 26 1vEmhoe Road Doncaster DN12 3Tt BANKERS: Barclay8 Banlc PIC Chesterton Road Carnbridge Virgin Banlc Pl¢ Jlibtlee Hoiise GosForth N¢wGastl¢ Cambridge BLtilding Society Newmarket Road Cambridge C&Lnbridge and Counties Bank Charnwood Court New Wall< Leicester LEI 6TE Redwood Bank The Nexus Building, Broadway Let'chworth Garden City, H¢rtfordshire SG8 3TA DESIGNATII D f<LOAT: The village event fund (suinm¢r fayre) repr¢set)ts th¢ net income ftotn the village fayres over previous years. The fund is ring fenced to PlDvide a float for futiire village events at the discretion of the Trustees. At the year end the f[d stood £8,200 (2023 £8,200) aLid the managemellt con]mittee consid¢r this satisfactory. CONTINGKNI, LIABILITY: There is an anticipated contingent liability for rnainlenance of hardcourts of £25,000 within the nexE 2 years and £35,000 for maint¢nance of the car parks.
MILTON COMMUNITY CEiYfRE RECREATION GROUNDS Page 5 FINANCIAL STATELIqENTS FOR THE YEAR ENDLI D 31 MARCH 2024 TRUSTEI ES, ANNUAL RIQPORT STATEMENT OF TRUSTEES, RESPONSIBILITtES The Trustees are responsible for preparing the Trustees, Report and the financial statements in accordance with applicable law And United lcingdom Accounting Standards {United Kingdorn Generally Accepted Accounting Practice). The law applicable to charities in England and Wales requires the Trustees to prepare financial st&temgnts for ¢a¢h financial year which give a true and fair view of the state of the affairs of the Charity and of the incoming resource8 and application of resources of the Charity for that period. In preparing these financial st&tem¢nts, th¢ Trustees are required to,. (i) (li) (iii) (iv) Select suitable OUntIng policies and then apply them consistently. Observe the m¢tbod$ and pritLcipl¢s of th¢ Charities SORP. .Make judgements and estimates that ar¢ reasonable and prudent. State whether applicable &cwunting standards have been followed, subject to any departures disclosed and explained in the financial Statetnents. Prepare the financial statements on the going concem basis unless it is inapproprlate to presurne that the Charity will continue in operation. (v) Th¢ Trustees are responsible for Iceeping proper a¢¢ounting records which disclose with r¢asonable aUra¢Y at any tiine, the financial position of the Charity and to enable them to ascertain that the financial statements comply with 8ection 4 of the Charities Act 2022, the Charity (Accounts and Reports) Regulations and the ptx)visions of the Trust Deed. They are also Trsponsible for safeguarding the assets of the Charity and hen¢¢ foi. taking reasonablc stsps for the prevention and detection of fraud and other irregularitie8. STATEMENT OF DISCLOSURE OF fNFORIAiATTON TO INDEPENDENT EMMINERS In the case of each of the persons who are Trustees 8¢t the time when the Trustees, report. is approved.. So far as the Trustees are aware, there is no Televant infonnation needed for the Charity's Independent Examiners report of which they are unaware, and Ea¢h Trustee hag talcen steps they ought to bave taken to malle theinselves aware of any information to establish that the Cbarity's Independent Bxaminer is aware of that information. Amounts are presented within items uf the financial activities and balance sheet in accordaiice with generally aepted prin¢iples or praotice, the Tru8t¢¢s having tEgard to the subst&nGe of the roorted twisafjtions or arrangement. A resolution will be proposed at the Annual Generdl Meeting that Prentis & Co LLP be re-appointed as independent examiners for the MCC for the ensuing year, APPROVAL This report was approved by the Trustees and signed on their behalf on 17th October 2024. Chair of Management Commiltee Don Wildman
MILTON COMMUNITY CENTRE AND RECREATION GROUNDS Page 6 FINANCIAL STATEMEI IYTS FOR THE YEAR EI NDED 31 MARCH 2024 INDEPENDENT EXAMINERS? REI PORT TO THE COMMITTEE OF MANAGEMEI NT Independent examlner's report to the trustees of Milton Community Centre I report to the trustees on my examination of the &ccounts for the y¢ar ended 31 March 2024, which are set out on pages 7 to 13 Responsibilities and ba$ls of report As the charity trustees, you are responsible for th¢ preparation of the accounts in &ccordance with the requirements of the Charities Act 2022 ('Tht Act,). I report in resp¢ct of my eX]natIOn of the Charity's accounts carried out under section 145 of th¢ 2022 Act and in carrying out my examination I have followed all the appli¢&ble Directions given by tFLe Charity Commis&ion under section 145(5) of the Act. Independent examiner's statement I have completed my examination. I confirm that no material inatters have come to my attention in connection with th¢ exatnination giving me cause to beli¢ve that in any material respeGt'. l accounting re¢ords were not kept in respect of the Trust as required by section 130 of the A¢t' or 2 the accounts do not 0rd with those records. or 3 th6 accounts do not cornply with the applicable requirements concerning th¢ form and content of accounts $eÉ out in the CharitL¢5 (Aounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'tru¢ and f.air view, wbiGh 18 not a matter Considered as part of an independent examination. I have no concerns and have come across llo other matters in Gonnection 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. Signed.. N&m¢: Nigel A Prentis Chartered Aeei)unlant alld Ind¢pendent Examiner Address., 115c Trlilton Road, Cambridge, CB4 IXE Date,.
MILTON COMMUNITY CENTRE AND REI CREATION GROUNDS Page 7 FINANCtAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 STATEMENT OF FINANCIAL ACTIVITIES RESTATED 2024 2023 Unreslricled Funds Notes INCOfv Contribution to costs Incomefyom Charilable Activities Charitable activity- hire fees received Other operatiiig income Government and local authority 8rants Investnient income TOTAL fNCOME 45,000 35,000 115,971 663 97,809 688 13,296 2,031 148,824 6,924 168558 BXPENDrtURE Expenditure on Charitable Activities Charitable activities TOTAL EXPENDITURE 152,244 152,244 138,166 138,166 NET INCOME AND NET fvIOVEblENTS IN FUNDS 16.314 10,658 'roTAL FUNDS BROUGKf FORWARD TOTAL FUNDS CARRIFD FORWIIRD 331,513 347.827 320 $55 331,513 STATEMENT OF T(YfAL RECOGNISED GAINS AND LOSSES Th¢r¢ were no Tecognis¢d gains or losses for 2024 or 2023 other tliaii included in the Ststsment of financial Activities.
MILTON COMMUNITY CENTRE AND CREATIoN GROUNDS Page 8 FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 BALANCE SHII ET RESTA TED 2023 2024 Notes FIXED ASSETS 26,592 1.7,070 CIJRRENT ASSETS Debtors and Prepayments Cash at banLc and in hand 28,671 297,518 326,189 31,304 288,785 320,089 CREDITORS Amounts falling due within one year 4,954 5,646 NET CURRENT ASSETS NET ASSETS 321,235 347,827 314,443 331,513 THE FUNDS OF THE CHARITY UNRESTRICTED FUNDS 1"OTAL CIIARtTY FUNDS 347,827 347,827 331,513 331,513 Approved by the C'omtnitiee ot Mkuwement and signed on Ihelr behalf MEMBER OF I'HE, COMMII'TEE OF MANACJEMENr H Holl¢ran - 17111 October 2024
MILTON cOM[UNITy CENTRE AND RECREATION GROUNDS Page 9 FINANCIAL STA TEMENTS FOR TIIE YEAR ENDED 31 MARCH 2024 STATEMENT OF CASH FLOWS Notes 2024 Totsl 2023 Totsl Net cash used in operating acLivlties io 11,331 .10.986 Cash flows from investing actlYLties.' Iiit¢rest 6,924 2.031 Purchase of fixed assets -12,287 -17,070 Depreciation of fed assets 2,765 Net cash provided by investivg activities -2.598 .15,039 ClianB¢ in cash and cash equivalents in the rertillg period Cash and casb equivalents at ihe bEgnning of the reporting period 8,733 -26,025 288.785 297,518 314,810 288,785
MILTON COMMUNITY CEWfRK AND RECREATION GROUNDS Page 10 FINANCIAL STATEMEI NTS FOR THE YEAR ENDED 31 IVIARCH 2024 NOTES TO THE FINANCIAL STATEMENTS ACCOUNTING POLIC]ES (a) BASIS OF PREPARATION AND ASSESSMENT OF COING CONCERN The financial statements have been prepared under th¢ historiGal Gost convention with itans recognised at COSt or transaction value unless otherwise stated in the relevant notes to these financial statements. The financial statement8 h&v¢ been prepared in accordance with the Statement of Recomtnended Practice: Accounting and Reporting by Charities proparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) effective I. January 2019 and the Fin&nGi&l Reporting Stsnd&rd applicable in the United Kingdom and Republi¢ of Ireland (FRS 102) and thc Charities Act 2022. Th¢ Charity constitutes a publio benefit entity as defined by FRS 102, The Trustees consider that there are no material uncertainties about th¢ Charity's ability to continue as going con¢em. (b) DEPRECIATION Depreciation is provided on all tangible fixed assets at rates calculated to write-off the costs less estimated residual value of ¢acb ass¢t over their expected useful lives as follows: Equiprnent 10 yeats reducing balance (c) INCOME RECOGNITION DONATIONS AND GRANTS Incoin¢ fi'om donations and grdnts, including capital grants, 18 included in incoming resources when these ar¢ r¢G¢ivabl¢, ¢x¢¢pt as follows.. . When donors specify that donations and grants given to the charity must be used in tUre accounting periods, the income is deferred until these periods. When donors irnpose conditions which have to be fulfilled before the charity becomes entitled to such incoine, the income is deferred ld t]ot includgd in incoming resources until the pre-conditions for use have been met. When donors SPCCLfy that donations and grants, including capital grants, aye for particular restricted purposes, which do not amount to pre-conditions regarding enlitlem¢nt, this incoin¢ is included ID incoming resources of Testricted funds when receivable. (d) EXPENDITURB RECOGNITION Liabililies are recognised as expenditure a5 soon as there is & lega] or constructive obligation committing the charity to that expenditure, it is probable that sett'lement will be required and Ibe amount of obligation can be measured reliably, All expenditure is accounted for on an auruals basis. Governance cost8 include all exp¢nditure not directly relating to the charitable activity. This includes costs for accountancy. (e) VALUE ADDED TAX Value added tax is not recoverable by the Charity. And as such 1$ in¢luded in the relevant costs in the Stat¢tn¢nl of Financial Activities,
LlllLTON C.OMMUNITY CENTRE AND RF,CRKATIOF4 GROUNDS P4gell rINANCJAL STATEMEwfs FOR TIIE YII AR ENDED 31 MARCH 2024 NOTES TO THE FINANCIAL STATEMENTS COTrffliIBtriIoNS TO COST Total 2024 Total 2023 The f¢llowing contribution to cost& were r¢¢eived during th¢year ilion Parjsh Council 45.OOD 35.000 21 GOVERNMWf AND LOCAL AitrHORITY GRANTS Total 2024 Total 2023 Covid Recery &ant Zero Carbort Grant 13296 13.296 31 VESTMENT INCOME Total 2023 2024 IntErESt teceivable on Casli deposits ANALYSIS OF CFL4RfFABLE E>TrBNDITURB THI8 YEAR UNRESTRICTED Chartable A¢tiTritie& 6,924 2,031 41a 2024 To GovErrMnce Wages Commerci*l ¢l¢aning IAgaJ aftd professional f¢ES Stationery Telephone In8urdnc LiLence8 and wnits UtiIitie5 Maintenance. maiEriais and repairs Youth buildin¥ North Lodge Depreciation Miscellaneous expellses 38.164 17.006 1,998 38.164 17,006 2.958 960 975 8.050 1,367 Jl.681 40,844 4.766 3.585 2,765 77 151,284 ANAL YSIS OF CHARrrABLE LXPENDJTUREIAST YEAR 975 8,050 1,307 31.681 40,844 4,766 3,585 2,765 77 152,244 960 4)b RKgrAIXD Charitable Afjiiviti¢s 2023 Total GovETnanrr Wages CoJnmerGial cleaning IEgal and prnfessioftal F¢¢$ Starionery Telephone TnsLwan Li¢ell¢es and pcmiils 38,418 20.960 1,615 440 1.072 7,128 1,232 L6,584 40,371 4.411 5.036 23 137,290 38,418 20,960 2,491 876 L,072 7,128 1,232 16,584 40,371 4,411 5,036 Mailltenat)ce. IMaitriai8 and repairs YoLTtrli biiilding Norili Lod8t Miscellaneous expenses 876 138,166
MILTON COMMUNITY CENTRE AND RECREATION GROUNDS Page 12 FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 NOTES TO THE FtNANCIAL STATEMENTS 5) STAFF COSTS AND fwMBERS 2024 2023 Si&ff costs during tILe year were as Follows- Administrdtion part.lime and full-time Employers National Insuran¢¢ TotaI staff costs during the year 38,l64 38,418 38,164 38,418 Stsff numbers average The chlty cottsidtrs its key management personnel to b¢ the Trustees and Centre malger, The total ernploJThent beiiefits of the key managernenl personnel were £33,500 (2023.. £30,302). No reinuneratioii was paid lo Trustee8 ill the year nor were Trustses, expenses reimbursed. No employcc received remunerntion more than £60.000. An alloNV1Ce rebate given by HMRC of £5,000 has beell taken to rediice t.he ernployevs Nation Insurance. 61 FIXED ASSETS EqUiptt COST Balance al l April 2023 Additiot]s during th¢ year Bance al 31 March 2024 DEPRECTATION Balance at l April 2023 CliaTgo for the year Balance at 31 March 2024 85,605 12,287 68,535 2,765 71,300 NE'f BOOIC VALUF at 31 March 2024 26.592 NET BOOIC VALUE ot 31 Mawh 2023 17.070 RCI STA TED Tot 2023 DEBTORS lotsl 2024 Due witbin Olle yeEW Trade DcbÉors Investtnent Income receivable Pr¢p&)m]ents and AccrLied Incoine 15.297 3.058 10,316 8,476 1,653 21,175 28,67l 31,304
MtLTON COMMUNITY CEf4TREI AND REI CREATIOTrI GROUNDS Page 13 FINANCIAL STATEMLI NTS FOR THE YEAR ENDID 31 MARCH 2024 NOTES TO THE FINANCIAL STATEI MENTS 81 CREDrroRS Total 2D24 Total 2023 Due within one year Deferred CoMe Accruals PAYE&M 15 2,763 1,256 2,922 911 ANALYSIS OF FUNDS 2024 FLmd B8Lance 3132024 Bhlar 1,4.2023 IncL>me Expendire Dtsignated FlUS Villagr Float 8,200 General Unrestricted Funds 323315 568 558 152 44 Total UDre5triCted Fund5 33L 513 168,558 152244 A de8cription of the d&8i81)ated fund caTLbe found in th¢ TrLLgtees Report der deg18Dated funds. 8,200 339 627 347 827 91b ANALYSIS OF FUNDS 2023 - RESTATED Fund Balance 142022 Fund Balance 31.3.2023 IIKon)e Exp¢nditur¢ De8ignated Funds Village Float General Unrestricted Funds Total unstriCted Fund5 8.162 312693 320,855 38 148786 148,824 8,200 323 313 33l,513 138 166 138.166 riECONCILIATION OF tNCOMINGRESOURCES TO NET CASH FLOW FROM OPEIL4TING AC'FivrriES 2024 2023 Nct inconc fot the reportins rIC la8 per page 7. SOFA) Adjustm611ts for.. terest froin Invcstsnents D¢precilltion clwrse Oncreasel/Decrease in debtors IDe£reaseylncrea8e in creditors N¢t¢ash prgvided by {Us in) opor&ting activities 16.314 10,658 .6.924 .2,031 2.633 .692 11,331 -2l,328 1.715 -lQ,986 li} ANALYSIS OF CASH AND CASFI F.QUIVALENTS 2024 2023 Cash at bat]k 297.518 288,785 121 LEASEHOLD PROPERTY Tlie a5S6ts of Milton Village FIall and Recreation Grounds weie Iraii$ferred to the Chority on 30 September 199E. Tliis propcrty and land is h¢ld under a 99 year lease whibh was grantsd 011 25 August 1998. The Youtli Building was Iran81'erred on l January 2008. On 4 February 2017 the P%Lvillion and Recreation Groiind atNorthLodgc, Mj'lton, M5 tratrred to t1 Charity ITOM Miltoi) Pafisl) Council undcr a 99 year Irasc which was dated 6 March 201 13 RESTATRD FIGURPS 'rht figures forthe tinaiicial yr endcd 31 March 2023 have beenre%tated since t'ilin& due to prepayments which should have been ineluded.