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2024-12-31-accounts

Company Number: 03559818

THE ST. MARYS MILLENNIUM CENTRE LIVERPOOL LIMITED

(A company limited by guarantee)

REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

Company Number: 03559818

THE ST. MARYS MILLENNIUM CENTRE LIVERPOOL LIMITED

CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

Page
Legal and Administrative Information 1
Trustees’ Report 2-4
Independent Examiner’s Report 5
Statement of Financial Activities 6
Balance Sheet 7
Notes forming part of the Financial Statements 8-10
Detailed Income and Expenditure Account 11

FORWARD BY CHAIR:

I am delighted to present the St Mary’s Millennium Centre (Liverpool) Limited Annual Report and Financial Statements for the year ending 31 December 2024.

This has been another successful year, with the centre operating at near full capacity as we continue to meet the evolving needs of our community and remain in a healthy financial position.

However, the trustees have remained proactive in ensuring our long-term impact. Over the past year, we conducted a strategic review to assess our continued alignment with the objectives set out in our constitution. Additionally, through meaningful consultation with users, staff, and other interested parties we took the opportunity to refresh our mission, vision, and core values to better reflect our commitment to the community as follows:

Mission: To offer the community a welcoming, safe, secure, and inclusive place to connect, socialise and access a diverse range of activities and key services, that meet their needs, and support their well-being and quality of life.

Vision: To be recognised as a vital hub at the heart of the West Derby community and surrounding area, for providing a quality range of services, activities, and programmes which enhance the experience of people using the centre.

Core values: St Mary’s Millennium Centre is committed to: Maintaining organisational integrity, effectiveness, and financial sustainability as a not-for-profit charity, being inclusive, providing equal opportunities for all, and treating everybody with respect.

The three above statements are clearly displayed throughout the centre.

I would like to take this opportunity to once again express our heartfelt thanks to the charity funders who have generously supported a range of projects we have delivered throughout the year. Their contributions are truly appreciated and have a significant impact on our ability to provide valuable services while remaining a cost-effective centre for our user groups.

We could not remain successful without the excellent work of our Centre Manager, staff and volunteers. We greatly value their unwavering commitment and focus on supporting our user groups. The volunteers play such an important part in supporting the Friday Food Pantry for the vulnerable. On behalf of the Trustees, I would like to express our sincere thanks to all our people for their efforts.

Finally, I would also like to thank my trustee colleagues for their contribution over the last 12 months; their commitment has been instrumental in helping us achieve our goals.

David Blythe Chair of Trustees

Company Number: 03559818

THE ST. MARYS MILLENNIUM CENTRE LIVERPOOL LIMITED

LEGAL AND ADMINISTRATIVE INFORMATION FOR THE YEAR ENDED 31 DECEMBER 2024

Page 1

TRUSTEES: B Gibson
S E Carroll
M H Powell
A Willdridge
C McDermott
D F Blythe
C Robinson
C J Gough
I Parry
V Ainsworth
SECRETARY:
C McDermott
REGISTERED OFFICE: Meadow Lane
West Derby
Liverpool
Merseyside
L12 5EA
COMPANY NUMBER: 03559818 (England and Wales)
CHARITY NUMBER: 1071799 (England and Wales)
BANKERS: Lloyds Bank PLC
88-94 Church Street
Liverpool
Merseyside
L1 3HD
INDEPENDENT EXAMINER: K J Miller FCA
Monetta LLP
110-114 Duke Street
Liverpool
Merseyside
L1 5AG

Company Number: 03559818

THE ST. MARYS MILLENNIUM CENTRE LIVERPOOL LIMITED

TRUSTEES’ REPORT FOR THE YEAR ENDED 31 DECEMBER 2024

Page 2

The trustees, who are the directors for the purpose of company law, present their annual trustees’ report together with the financial statements of the charitable company for the year ended 31 December 2024 which are also prepared to meet the requirements for a directors’ report and accounts for Companies Act purposes. The legal and administrative information set out on page 1 forms part of this report.

The financial statements comply with the Charities Act 2011, the Companies Act 2006, the Memorandum and Articles of Association and 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.

Our purposes and activities, achievements and performance

The purposes of the charity are to provide a community centre for the benefit of the community in West Derby and the surrounding neighbourhood in the City of Liverpool and the County of Merseyside, without distinction of political or other opinions by associating together the community and the local authorities, voluntary and other organisations in a common effort to advance the education of the said community and provide facilities for recreation or other leisure time activities and to maintain and manage the facilities.

In shaping our objectives for the year and planning our activities, the Trustees take into consideration the advice and guidance that is provided by the Charity Commission, including the guidance ‘public benefit: running a charity (PB2)’. Affordability and easy access to our facilities are important to us and are reflected in our pricing policy.

Having now been established for over 25 years, the centre continues to provide users with the high standards they have come to expect. Furthermore, we continue to positively adapt and develop, based on the experiences of the user groups.

We have a diverse range of users from all areas of the community including the very young to the more experienced folk. The Trustees and staff are committed to providing a centre that is welcoming and meets users’ needs. We continued our policy to provide some organised events for the community and support for the Church.

We have continued to support and provide our car park for the community Food Pantry which was initially opened in October 2021 by Fans supporting food banks. This mobile pantry service provides discounted food for people who are experiencing financial problems and is open every Friday morning from 10 am to 12 noon.

Charity funders

The following charities made an important and valuable contribution to our operating costs and the Friday morning Food Pantry during the year:

Centre :

LCVS Together Liverpool Fund National Lottery Community Fund Merseyside Police Charitable Trust Eleanor Rathbone Charitable Foundation The Cloth Workers Foundation National Lottery

Food Pantry :

National Lottery Community Fund Feeding Liverpool Household Support Fund P H Holt Foundation

Financial review

The financial activities for the year and the financial position of the charitable company are shown in the annexed financial statements. There was a net increase in funds of £12,706. Details of reserves held are set out on the balance sheet.

Company Number: 03559818

THE ST. MARY’S MILLENNIUM CENTRE LIVERPOOL LIMITED

TRUSTEES’ REPORT FOR THE YEAR ENDED 31 DECEMBER 2024

Page 3

Reserves policy and going concern

We have always taken a prudent and cautious approach to determining a sensible level of unrestricted reserves to cover staff wages and the general running costs of the centre, including energy. As a general rule, we have aimed for a minimum of 9-12 months of running expenses (currently estimated to be £112,500-£150,000) to ensure financial stability. The trustees feel this would allow a reasonable amount of time to take action in the event of unforeseen circumstances, should our regular income generation be interrupted and therefore enable us to meet our responsibilities. The rationale behind our unrestricted reserves level has been based on considering the potential risk factors which may impact on our operation, assessing our operating costs, calculating monthly expenses, and obtaining advice from our accountants. Furthermore, we take into account restricted revenue streams such as funding, which are for specific projects and are not available for general use.

The key aim is to ensure our stakeholders and user groups have confidence in our financial ability and that the management practices we have in place are appropriate for long-term sustainability.

In summary the trustees feel confident that this approach has enabled them to establish a sensible financial reserve policy that will act as a buffer against unexpected challenges while staying aligned with our values and the delivery of our mission.

Plans for future periods

The trustees intend to continue to seek further users for the facilities of the community centre and to build upon past successes.

Structure, governance and management

The St. Marys Millennium Centre Liverpool Limited is a charitable company limited by guarantee incorporated on 7 May 1998 and registered as a charity on 2 October 1998. The Governing Instruments under which the charitable company operates comprise the Memorandum and Articles of Association dated 7 May 1998 as amended by Special Resolutions dated 4 November 2010 together with the policies made from time to time by the trustees. In the event of the company being wound up the liability in respect of the guarantee is limited to £10 per member of the charity.

The trustees during the year under review, who are appointed by the members in accordance with procedures set out in the Memorandum and Articles were B Gibson, S E Carroll, M H Powell, A Willdridge, D F Blythe, C McDermott, D V Thomas (resigned 7 June 2025), C Robinson, C J Gough, C D Ashton (resigned 14 March 2025) and I Parry. Other changes in trustees since the year end are as follows, V Ainsworth – appointed 22 May 2025.

St Mary’s Millennium Centre is run by a Board of Trustees who are responsible for setting the strategic direction and overarching objectives for the centre, establishing policy and maintaining an effective and proper overall governance of the organisation. The procedures for the appointment, retirement and removal of trustees are set out in the Articles.

However, the board delegate responsibility for the day-to-day operational management to the Centre Manager.

The Trustees hold their meetings on a bi-monthly basis: January, March, May, July, September and November. A formal Annual General Meeting is held before the start of our July meeting.

Related parties

None of the trustees receive remuneration or other benefit from their work with the charity and any contractual relationship with a related party must be disclosed to the full board of trustees. In the current year no such related party transactions were reported.

Risk management

The trustees have a risk management strategy which comprises: an annual review of the principal risks and uncertainties that the charity faces; the establishment of policies, systems and procedures to mitigate those risks identified in the annual review; and the implementation of procedures designed to minimise or manage any potential impact on the charity should those risks materialise.

Financial sustainability is the major financial risk for the charity. A key element in the management of financial risk is a regular review of available liquid funds to settle debts as they fall due and active management of trade debtors and creditor balances to ensure sufficient working capital is available.

Attention has also been focussed on non-financial risks arising from fire, health and safety and hygiene. These risks are managed by ensuring procedures and accreditations are up to date, having robust policies and procedures in place, and regular awareness training for staff and volunteers operating in these operational areas.

Company Number: 03559818

THE ST. MARY’S MILLENNIUM CENTRE LIVERPOOL LIMITED

TRUSTEES’ REPORT FOR THE YEAR ENDED 31 DECEMBER 2024

Page 4

Trustees’ responsibilities in relation to the financial statements

The charity trustees (who are also the directors of the company for the purposes of company law) are responsible for preparing a trustees’ annual report and financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires that the charity trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of its income and expenditure for the period. In preparing the financial statements, the trustees are required to:

The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

By order of the board of trustees

D F Blythe – Trustee

1 September 2025

Company Number: 03559818

INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF THE ST. MARYS MILLENNIUM CENTRE LIVERPOOL LIMITED

Page 5

I report to the charity trustees on my examination of the accounts of the charitable company for the year ended 31 December 2024 which are set out on pages 6 to 10.

This report is made to the charity’s trustees, as a body, in accordance with the terms of the engagement. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the charitable company and the trustees, as a body, for my work or for this report.

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 report

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:

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.

Keith J Miller FCA Monetta LLP - Chartered Accountants

110-114 Duke Street Liverpool L1 5AG

9 September 2025

Company Number: 03559818

THE ST. MARYS MILLENNIUM CENTRE LIVERPOOL LIMITED

STATEMENT OF FINANCIAL ACTIVITIES (INCLUDING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 DECEMBER 2024

STATEMENT OF FINANCIAL ACTIVITIES (INCLUDING INCOME AND EXPENDITURE ACCOUNT)
FOR THE YEAR ENDED 31 DECEMBER 2024
Page 6
Restricted UnrestrictedTotal FundsTotal Funds
Funds Funds
31.12.24
31.12.23
£ £££
INCOME:
UK rents, letting fees & charges - 103,077
103,07786,167
Donations & fundraising 53,922 2,88056,80245,559
Investment income: UK interest receivable - 3,199 3,1992,528
TOTAL INCOME53,922 109,156163,078134,254
EXPENDITURE:
Charitable activities – operation and
maintenance of centre 57,104 91,445
148,549122,686
Governance costs - accountancy & reporting - 1,823
1,823660
TOTAL EXPENDITURE57,104 93,268
150,372
123,346
NET (EXPENDITURE)/INCOME
BEFORE TRANSFERS (3,182)15,88812,70610,908
Gross Transfers between funds(Note 6) (20,062) 20,062--
NET MOVEMENT IN FUNDS FOR YEAR (23,244)35,95012,70610,908
RECONCILIATION OF FUNDS
TOTAL FUNDS BROUGHT FORWARD 319,543 119,866439,409428,501
TOTAL FUNDS CARRIED FORWARD296,299 155,816452,115439,409

The statement of financial activities includes all gains and losses recognised in the year.

All income and expenditure derives from continuing activities.

Company Number: 03559818

THE ST. MARYS MILLENNIUM CENTRE LIVERPOOL LIMITED

BALANCE SHEET 31 DECEMBER 2024

Page 7

Notes
FIXED ASSETS
Tangible assets
3
CURRENT ASSETS
Debtors
4
Investments - UK - COIF Charities Deposit Fund
Cash at bank and in hand
LIABILITIES
Creditors falling due within one year
5
NET CURRENT ASSETS
TOTAL ASSETS LESS CURRENT LIABILITIES
THE FUNDS OF THE CHARITY
Restricted income funds
6
Unrestricted income funds
TOTAL CHARITY FUNDS
31.12.24
£
9,021
58,686
125,387
193,094
35,863

£
294,884
157,231
452,115
296,299
155,816
452,115
31.12.23
£
12,098
55,826
58,863
126,787
4,276

£
316,898
122,511
439,409
319,543
119,866
439,409

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

The members have not required the charitable company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

The financial statements have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies and constitute the annual accounts required by the Companies Act 2006 and are for circulation to the members of the company. The financial statements were approved by the Board of Trustees and authorised for issue on 1 September 2025 and were signed on its behalf by:

D F Blythe – Trustee

Company Number: 03559818

THE ST. MARYS MILLENNIUM CENTRE LIVERPOOL LIMITED

NOTES FORMING PART OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

Page 8

1. ACCOUNTING POLICIES

The principal accounting policies adopted, judgements and key sources of estimation uncertainty in the preparation of the financial statements are as follows:

Basis of preparation

The financial statements have been prepared in accordance with 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, the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006. The St. Marys Millennium Centre Liverpool Limited meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note(s).

Preparation of the accounts on a going concern basis

The charity reported net income of £12,706 for the year. The trustees are of the view that the charity holds sufficient reserves to secure the immediate future of the charity for at least the next 12 months and on that basis the charity is a going concern.

Fund accounting

Unrestricted funds are available to spend on activities that further any of the purposes of the charity. Restricted funds are grants and donations which the donors have specified are to be solely used for particular areas of the charity’s work or for specific projects being undertaken by the charity.

Income recognition

Income is recognised when the charity has entitlement to the funds, any performance conditions attached to the item(s) of income have been met, it is probable that the income will be received and the amount can be measured reliably and is not deferred. Income received in advance of the fulfilment of a booking or provision of other specified service is deferred until the criteria for income recognition are met. Income from grants, whether ‘capital’ grants or ‘revenue’ grants, is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably. Restricted grants towards the cost of fixed assets are recognised in the statement of financial activities upon receipt and are reduced by an annual transfer of an amount equivalent to the depreciation charged. The value of services provided by volunteers has not been included in these accounts. Interest on funds held on deposit and lettings income is included when receivable and the amount can be measured reliably by the charity.

Expenditure recognition and irrecoverable VAT

Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and, the amount of the obligation can be measured reliably. Expenditure includes any VAT which cannot be recovered and is reported as part of the expenditure to which it relates.

Fixed assets

Fixed assets are capitalised at cost and are depreciated over their estimated useful economic lives on a straight-line basis as follows: Long leasehold property - over 40 years, Equipment - over 8 to 10 years.

2.

STAFF COSTS, TRUSTEE REMUNERATION AND STAFF NUMBERS

FF COSTS, TRUSTEE REMUNERATION AND STAFF NUMBERS
31.12.2024 31.12.2023
£ £
Salaries and wages (No employee had employee benefits in excess of £60,000)47,156 41,751
Social security costs (Employers National Insurance)- -
Pension costs – defined contribution schemes543 448
47,699 42,199

The average monthly head count was 5 staff (2023: 6) involved in centre management and caretaking. The trustees were not paid neither were they reimbursed expenses nor did any trustee receive payment for services supplied to the charity (2023: nil).

Company Number: 03559818

THE ST. MARYS MILLENNIUM CENTRE LIVERPOOL LIMITED

NOTES FORMING PART OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

Page 9

3. TANGIBLE FIXED ASSETS

Leasehold
land & buildings
Equipment
£
£
COST
As at 1 January 2024
712,065 57,270
Additions
-
-
As at 31 December 2024
712,065
57,270
DEPRECIATION
As at 1 January 2024
411,753
40,684
Charge for year
17,802
4,212
As at 31 December 2024
429,555
44,896
NET BOOK VALUE
As at 31 December 2024
282,510
12,374
As at 31 December 2023

4.
DEBTORS
31.12.24

£
Trade debtors
6,137
Prepayments, accrued income and other debtors
2,884
9,021
5.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24

£
Taxation and social security costs
621
Accruals, deferred income and other creditors
35,242
35,863
300,312
16,586
Totals
£
769,335
-
769,335
452,437
22,014
474,451
294,884

31.12.23
£
3,380
8,718
12,098
31.12.23
£
609
3,667
4,276
316,898

Deferred income at the start of the period was nil, deferred income at the end of the period totalled £29,298.

Company Number: 03559818

THE ST. MARYS MILLENNIUM CENTRE LIVERPOOL LIMITED

NOTES FORMING PART OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

Page 10

6. ANALYSIS OF MOVEMENTS IN RESTRICTED FUNDS

Funds at Income Expenditure Depreciation Funds at
1 January 2024 Transfers 31 December 2024
Building funding:
Big Lottery Fund 148,929 - - 8,855 140,074
West Derby Village Hall 100,874 - - 5,929 94,945
Public appeals 47,674 - - 2,892 44,782
Other funding:
Defibrillator public appeals 566 - - - 566
Hearing Loop 130 - - 130 -
Community cinema 9,022 - - 2,256 6,766
Kitchen equipment 517 - - - 517
Energy efficiency/costs - 3,500 3,500 - -
Millennium pantry funding 6,950 31,524 32,514 - 5,960
Front Door - 14,000 14,000 - -
Car park funding 631 - - - 631
Menopause and wellbeing 350 2,000 2,350 - -
Social/warm Hub 3,400 2,898 4,240 - 2,058
D-Day celebrations 500 - 500 - -
Totals £319,543 £53,922 £57,104 £20,062 £296,299

7. ANALYSIS OF NET ASSETS BETWEEN FUNDS

Unrestricted Funds Restricted Funds Total Funds
Tangible fixed assets 8,317 286,567 294,884
Investments 58,686 - 58,686
Other current assets 124,676 9,732 134,408
Creditors (35,863) - (35,863)
Net assets at year end £155,816 £296,299 £452,115

8. CONTINGENT LIABILITIES

Under the terms of the grant funding agreements, The Big Lottery Fund holds legal charges over the charity’s property and assets as security for the grants it provided towards the funding of the property and equipment asset acquisitions in previous years. These grants could become repayable in the event of a default by the charity under the terms and conditions of the grant funding agreements. The trustees are unaware of any such events of default.

9. LEGAL STATUS OF THE CHARITY

The St. Marys Millennium Centre Limited is a charitable company limited by guarantee and has no share capital. It is registered in England and Wales. The company’s registered no.and registered office address can be found on page 1.

10. TAXATION

The charity is exempt from tax on income and gains to the extent that these are applied to its charitable objects.

11. FRC ETHICAL STANDARD – PROVISIONS AVAILABLE FOR SMALL ENTITIES

In common with many other charities of our size and nature we use our Independent Examiner to assist with the preparation of our financial statements.

Company Number: 03559818

THE ST. MARYS MILLENNIUM CENTRE LIVERPOOL LIMITED

DETAILED INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2024

Page 11

Income:
UK rents, letting fees & charges
Donations and fundraising
Interest receivable
Expenditure:
Rates, water & service charges
Light, heat and power
Salaries, wages and NIC
Employer pension contributions
Telephone and communications
Insurances
Repairs, cleaning, defibrillators & maintenance
Sundry expenses
Postage, stationery and adverts
Independent examination and accountancy
Professional fees
Statutory filing fees
Payroll administration
Bank charges
Activities & events
Interest on employment taxes
Depreciation
Property
Equipment
Net income
31.12.24
£
£
103,077
56,802
3,199
163,078
1,202
17,993
47,156
543
879
3,050
26,550
1,434
531
1,823
5,525
-
360
214
21,085
13
128,358
34,720
17,802
4,212
22,014
12,706
31.12.23
£
£

86,167
45,559
2,528
134,254
1,057
18,285
41,751
448
725
2,982
26,027
524
110
660
2,219
13
360
311
5,641
47
101,160
33,094
17,802
4,384
22,186
10,908
£

86,167
45,559
2,528
33,094
22,186
10,908