2023-03-31-accounts - Red Lodge Millennium Centre Ltd

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		Page
Trustees' annual report
Independent examiner's	report to the trustees
Statement offinancial activities
Balance sheet
Notes to the financial statements

Year ended 31 Hlarch 2	Year ended 31 Hlarch 2	023
Reference and administrative		details
Registered charity	name	Red Lodge Millennium	Centre Limited
Charity registration	number	1072125
ComPany registration number		03493389
Principal office and ofgcs	registered	First Floor Suite 2 Hillside Business Park
		Bury St Edmunds
		Suffolk
		IP32 7EA

The trustees	who served duri	ng the year and atthe date ofapproval w	ng the year and atthe date ofapproval w
		BCornish (Appointed 16/01/23,
		Chair from 01/09/23)
		D Merchant (Vice Chair)
		A Bettoney (Appointed 04/10/23)
		C Bloomfield (Appointed	09/08/23)
		BBotwright (Appointed SHoulder	09/08/23)
		KMayem (Appointed 16/01/23)
		CWhite (Appointed 04/1 0/23)
		RAllen (Resigned 06/10/22)
		M Bradshaw (Resigned	16/02/23)
		A Giles (Resigned 06/07/23)
		LHayes (Appointed 16/01/23,
		Resigned 30/08/23)
		PJudd (Chair, Resigned	13/07/23)
Independent	examiner	LThurston FCCA
		Lovewell Blake LLP
		Chartered accountants
		First Floor Suite
		2 Hillside Business Park
		Bury StEdmonds
		IP32 7EA

				2023		2022
			Unrsstricted	Restricted
Income and endowments		Note	funds 8	funds 8	Total funds f	Total funds 8
Donations and legacies Charitable activities Investmsnt income		5 6	12,900 61,709 283		13,400 61,709 283	37,356 55,646 8
Total income			74,892		75,392	93,010
Expenditure
Chadtable activities		7	(90,416)	(12,558)	(102,974)	(97,339)
Total expenditure			(90,416)	(12,558)	(102,974)	(97,339)
Net expenditure before transfer offunds			(15,524)	(12,058)	(27,582)	(4,329)
Transfem between	funds		(74)	74
Net movement in funds			(15,598)	(11,984)	(27,582)	(4,329)
Reconclliadon offunds
Total funds brought	forward		71,956	906,886	978,842	983,171
Total funds cerned	forward		56,358	894,902	951,260	978,842

			2023		2022
Fixed assets		Note	6		8
Tangible fixed assets				899,663		912,743
Curmnt assets
Stock Debtors Cash at bank and in hand		12 13	150 1,745 60,487		150 8,943 89,247
			62,382		76,340
Creditors: Amounts	falling due within
one year		14	(10,785)		(10,241)
Net current assets				51,597		66,099
Total assets less current liabilities				951,260		978,842
Net assets				951,260		978,842
Funds ofthe charity
Restricted funds Unrestricted funds				894,902 56,358		906,886 71,956
Total charity funds		15		951,280		978,842

The company is limited by guarantee committed to make a contribu6on not Donations and legacies	. If the charity were to be wound exceeding 610.	up, each mem	ber would be
	Unrestdcted	Restricted	Total Funds
	Funds	Funds	2023
Donations	6	6
Donations	12,000		12,000
Grants
Grants receivable CJRS income	900	500	1,400
	12,900	500	13,400
	Unmstricted	Restricted	Total Funds
	Funds	Funds	2022
Donaaons	6	6	6
Donations	12,509		12,509
Grants
Grants receivable CJRS income	18,473 6,374		18,473 6,374
	37,356		37,356

Charitable activities
	Unrestricted	Total Funds	Unrestricted	Total Funds
	Funds f	2023 6	Funds 8	2022 8
Hire ofbuilding Rent ofbar facilities	50,709 11,000	50,709 11,000	46,446 9,200	46,448 9,200
	61,709	61,709		55,646
Expenditure on charitable activities
		Unrestricted	Restricted	TotalFunds
		Funds	Funds	2023
		8	8
Wages and salaries Rates and water Light and heat Repairs and maintenance Insurance Office expenses Depreciation oftangible assets Function costs Support costs		46,114 4,262 15,063 788 2,854 6,388 1,994 7,815 5,138	574 11,984	48,114 4,262 15,063 1,362 2,854 6,388 13,978 7,815 5,138
		90,418	12,558	102,974

	Unrestricted	Restricted	Total Funds
	Funds f	Funds 8	2022 2
Wages and salaries Rates and water Light and heat Repairs and maintenance Insurance Office expenses Depreciation oftangible assets Function costs Support costs	42,764 4,503 9,495 5,602 2,978 4,648 4,699 7,063 3,803	11,984	42,764 4,503 9,495 5,602 2,978 4,848 16,683 7,063 3,603
	85,355	11,984	97,339
Analysis ofsupport costs:
		Total Funds	Total Funds
		2023	2022
		f	8
Independent examination fees Legal and professional fees		3,445 1,693	1,938 1,885
		5,138	3,603

2023	2022
6
13,978	16,683

management personnel for non Truste Tangible fixed assets	e related services to	the charity w	as 825,231 (2022	:821,366).
	Leasehold	Plant and	Fixtures and
	property 5	machinery 8	fittings 8	Total 5
Cost
At 1April 2022	1,186,988	1,472	112,605	1,301,065
Additions		441	457	898
At 31March 2023	1,186,988	1,913	113,062	1,301,963
Depreciation
At 1 April 2022 Charge forthe year	279,659 11,990	747 306	107,916 1,682	388,322 13,978
At 31 March 2023	291,649	1,053	109,598	402,300
Carrying amount
At 31March 2023	895,339	860	3,464	899,663
At 31 March 2022	907,329	725	4,689	912,743
Stock
			2023	2022
			6
Raw materials and consumables			150	150

13.	Debtors
				2023	2022
				8	8
	Trade debtors			838	5,472
	Prepayments	and accrued income		907	1,471
				1,745	6,943
14.	Creditors: Amounts		falling due within one year
				2023	2022
				8	8
	Trade creditors Accruals and defened income Social security and other taxes			(345) 3,445 4,712	4,413 2,065 953
	Other creditors			2,973	2,810
				10,785	10,241

Analysis ofc	haritable funds
		Balance at 1					Balance at
		Apr 2022f	Income 8	Expenditure 6	Transfers F	31 Mar 2023 f
Restricted funds
Property fund Loft conversion West Suffolk Council Locality		894,351 12,535		(11,814) (170)			882,537 12,365
Funding			500	(574)	74
		906,886	500	(12,558)	74		894,902
Umestricted	funds
General funds Designated funds		41,956 30,000	74,892	(90,416)	(74)		26,358 30,000
		978,842	75,392	(102,974)	—		951,260
		Balance at 1					Balance at
		Apr 2021 6	Income 2	Expenditure 8	Transfers	31Iaar 2022 8
Restricted funds
Property fund Loft conversion		909,059 9,811		(11,814) (170)	(2,894) 2,894		894,351 12,535
		918,870		(11,984)	—		906,886
Unrestricted	funds
General funds Designated funds		34,301 30,000	93,010	(85,355)			41,956 30,000
		983,171	93,010	(97,339)			978,842

As at 31 March	2023
					Unrestricted		Resbicted	Total Funds
						Funds	Funds	2023
						8	8	5
Tangible fixed assets						4,761	894,902	899,663
Current assets						62,382		62,382
Current liabilities						(10,785)		(10,785)
Net assets						56,358	894,902	951,260
As st 31 March 2022
					Unrestricted		Restricted	Total Funds
						Funds	Funds	2022
						6	8	E
Tangible fixed assets						5,857	906,886	912,743
Current assets						76,340		76,340
Current liabiliTies					(10,241)			(10,241)
Net assets						71,956	906,886	978,842
Funds mceived	ss agent or held as custodian trustee
During the year, Red I udge Millennium Centre Limited, administered funds for the Event Group. Total funds received during the year amounted to FNil (2022: 8400) with a further 860 (2022: 515) expended. At the balance sheet date a balance ofK824 (2022:BI84)was included within "custodian
funds" in creditors.
Opersgng lease	commitments
The total future minimum			lease payments	under non-cancegable		operating	leases are as	follows:
							2023 5	2022 f
Not lsler than 1year							342	342
Later than 1 year	and	not	later than 5years				4	4
Later than 5years							70	71
							416	417