COMPANY REGISTRATION NUMBER: 03493389 CHARITY REGISTRATION NUMBER: 1072125 Red Lodge Millennium Centre Limited Company Limited by Guarantee Unaudited independently examined accounts 31 March 2024
Red Lodge Millennium Centre Limited Company Limited by Guarantee Financial statements Year ended 31 March 2024 Page Trustees, annual report Independenl examine¢s report to the trustees Statement of financial activities Balance sheet Notes to the financial statements
Red Lodge Millennium Centre Limited Company Limited by Guarantee Trustees. annual report Year ended 31 March 2024 The trustees, who are also the directors for the purposes of company law. present their report and the unaudited financial statements of the charity for the year ended 31 March 2024. The financial statements have been prepared in accordance with the accounting policies set out in notes to the accounts and comply with the charitys governing document, the Charities Act 2011 and Companies Act 2006 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 published in October 2019. Chalrperson report There have been many changes at the Red Lodge Millennium Centre. l am happy to report for the period that the Millennium Centre has once again had an event filled year. during which time more Clubs have returned with an uptake in room hires also. The Gharity has put on several events including.. Psychic Night Halloween Disco Children's Christmas Paty Over 65s Dinner Bouncy Castle Festival I would like to thank all trustees for their lime and commitment shown. I would also like to show my appreciation for the former chairperson. Billy Cornish who guided the charity through uncharted waters during the post pandemic era. Some highlights are.. Participation in West Suffolk's Warmer Spaces Initiated. Chatterbox for adults of all ages to come along for a chat and meet and make new friends and participate with some light exercises. Fair, Share and Go organised by Colourbox proving food sharing from local supermarket. At this point I would like to briefly look ahead. The new Management Team and current board with 3 new additions are keen to promote the Centre and bring the community logether whilst having a sustainable plan which ensures the Charity returns to a strong period of activity in the forthcoming years. Some of the positive changes we have are made are-. An overhaul of all our hire charges making them competitive. fair and more transparent for all wilh the ability to now book online. Planned events every month whereby tickets can be bought online Ihis proved very successful for our Beer & Music Festival recently. We now offer a fully equipped bar for all events and private hire. We will look to improve this facility as this offers a real opportunity lo increase our revenue from hire especially as we look to promote our venue as a budget wedding venue. A new occupant within the building The Lodge Bar which has increased the appeal of the Millennium Centre and following a recent review will bring additional revenue for Ihe Charity this financial year. The Millennium Centre now has a dynamic management team and board with many skills. and l am confident Ihat as an organisation we will go from strength lo strength as we look lo move foard. It is an exciting time to be involved and I have every faith that as a leam we will overcome any challenges whilst exploring new opportunities that ensure the long-term suNival of the charity. Many Thanks C Bloomfield (Chair)
Red Lodge Millennium Centre Limited Company Limited by Guarantee Trustees. annual report (conllnuedj Year ended 31 March 2024 Reference and administrative details Registered charity name Red Lodge Millennium Centre Limited Charity registration number 1072125 Company registration number 03493389 Principal office and registered Red Lodge Millenium Centre office Lavender Close Red Lodge Bury St Edmunds Suffolk IP28 8 The trustees The Irustees who served during the year and at the date of approval were as follows.. C Bloomfield (Chair from 01110124, Appointed 09108123) D Marchant (Vice Chair) G Chapman {Appointed 16110124) C Day (Appointed 16110124) A Hart (Appointed 161101241 C White (Appointed 04110123) A Bettoney (Resigned 16103124) B Botwright {Appointed 09108123, Resigned 10106124) B Cornish (Former Chair from 01109123. Resigned 01110124) A Giles (Resigned 06107123) L Hayes {Resigned 30108123) S Houlder (Resigned 24103124) P Judd (Former Chair, resigned 13107123) K Mayers (Resigned 01110124) Independent examlner L Thurston FCCA Lovewell Blake LLP Chartered accountants First Floor Suite 2 Hillside Business Park Bury Sl Edmunds IP32 7EA Prlnclpal office Lavender Close Red Lodge Bury St Edmunds IP28 8TT
Red Lodge Millennium Centre Limited Company Limited by Guarantee Trustees. annual report (continued) Year ended 31 March 2024 Objectives and activities Objectives The objective of the Charity is to promote the benefit of the residents of Red Lodge, Forest Heath and the neighbourhood without distinction of sex, sexual orientation, ra or political, religious or other opinions, by associating together the said inhabitants and the local authorities, voluntary and other organisations in a common effort lo advance education and lo promde facilities in Ihe interests of social welfare for recreation and leisure time occupation with the object of improving the conditions of life for the said inhabitants. Public benefit In shaping our objectives for the year and planning our activities,the Truslees have considered the Charity Commission's guidance on Public Benefit including, The Public Benefit Requirement {PB1), Running a Charity {PB2) and Reporting {PB3). Achievements and perfomiance The principal activity of the charitable company is the management of the Red Lodge Millennium Centre for ¢haritable and community purposes. The main achievements and performances are outlined in the Chairs report to these accounts, although it is noted that throughout the year ended 31 March 2024 the Centre continued to support Ihe diverse groups situated in the village. Plans for the future We are looking forward to 2025 when we can welcome more Clubs, Activities and Conferences lo the Millennium Centre and are otherwise described in the Chairs report to these accounts. Flnanclal review The Centre generated the majority of its income from hall hire and bar income which amounted to £81,271 {2023.' £61.709). Other income is received in the form of donations and grants and totalled £6,500 (2023.. £13,683). The main expendilure of the Centre related to staff costs which amount to £54,093 (2023.. £46.1141 for the year. Other cost are paid towards the upkeep and maintenance of the Cenlre, as well as funclion costs and support costs. These totalled £69,844 12023: £56.860). Totsl expenditure for the year amounted to £123,937 (2023.. £102,974). The Centre's total net expendilure amounted to £35,374 (2023-. £27,582). Reserves policy The Trustees have reviewed the reserves of the Charity and concluded that to allow the Charity to be managed efficiently and to provide a buffer for uninterrupted services a general reserve of three months of unrestricted expenditure should be maintained. This equates to approximately £27,988 (2023.. £22.604). As at the year end the Charity had unrestricted reserves of £32,968 {2023= £56.358). This is slightly higher than the required level because the Truslees have reviewed the reserves and set aside an additional £20.000 for major maintenance work as the building is now over 20 years old and a number of maintenancè issues are starting to arise. Free reserves therefore amount to £12,968 (2023.. £26,358) and the Trustees will monitor this annually with a view lo expense surplus reserves in due course.
Red Lodge Millennium Centre Limited Company Limited by Guarantee Trustees. annual report (conllnued) Year ended 31 March 2024 Structure, governance and management Governing document Red Lodge Millennium Centre Limited, also known as The Millennium Centre, the Centre or RLMC throughout these accounts was established under its Memorandum and Articles of Association dated 15 January 1998 setting out its objects and powers and it was approved by the Inland Revenue Charity Division and is registered with the Charity Commission (regislralion number 1072125). The charity is constituted as a private company limited by guarantee (registration number 03493389). Organisational structure Red Lodge Millennium Centre is govemed by a board of Trustees who are appointed as Directors under the Companies Act 2006 and as Trustees for the purpose of charity law. The current board of Trustees and the changes which have occurred since the previous annual report are as stated in the reference and administration details of these accounts. The board administers the Charily and meet on a regular basis. The day io day responsibility for the running of the Centre is delegated to Centre managers. Recruitment and appolntment of Trustees The Trustees who are also directors of the charitable company are elected at the Annual General Meeting. One third of the directors retire at the Annual General Meeting and are eligible for immediate re•eleGtion. Induction and training of new Trustees On appointmenl all Trustees are promded with a copy of the Memorandum and Articles of Association, Charity Commission Guidelines for Trustees and a copy of the latest accounts. Rlsk managemènt The Trustees are responsible for the management of the risks faced by the Centre. The key control is the close involvement of the Trustees in the day to day running of the Centre. The Trustees are satisfied that the major risks identified have been adequately mitigated where necessary. It is recognised that systems can only provide reasonable but not absolute assurance that major risks have been adequately managed. Independent examiner A resolution to appoint L Thurston of Lovewell Blake LLP as independent examiner will be proposed at the next trustees meeting. Small company provisions This report has been prepared taking advantage of the small companies, exemption of section 415A of the Companies Act 2006.
Red Lodge Millennium Centre Limited Company Limited by Guarantee Trustees, annual report (continuedj Year ended 31 March 2024 The trustees, annual report was approved on tTUStees by: and signed on behalf of the board of C Bloomfield (Chair)
Red Lodge Millennium Centre Limited Company Limited by Guarantee Independent examiner's report to the trustees of Red Lodge Millennium Centre Limited Year ended 31 March 2024 I report lo the charity Iruslees on my examination of the financial statements of the company for the year ended 31 March 2024 which comprise the stalement of financial activities, balance sheet and the related notes. Respective responsibilities of trustees and examiner As the charity trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordanGe with the requirements of the Companies Act 2006 ('the 2006 Act,). Hamng satisfied myself that the financial statements of Ihe 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 company's financial slatements 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 examinerfs statement I have completed my examination. I confirm that no matters have come to my attention in connection with Ihe examination giving mè cause lo believe that in any material respect.. accounting records were not kept in respect of the ¢ompany as required by section 386 of the 2006 A¢t- or the financial statements do not accord with those records., or the financial statements do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement Ihat the accounts give a 'true and fail view which is not a matter considered as part of an independent examination., or the financial statements 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 Iheir accounts in accordance with the Financial Reporting Standard appliGable in the UK and Republic of Ireland (FRS 102). I have no concerns and have come aGross no other matters in connection wilh the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. L Thurston FCCA Independent Examiner Lovewell Blake LLP Chartered accountants First Floor Suite 2 Hillside Business Park Bury Sl Edmunds IP32 7EA 29 November 2024
Red Lodge Millennium Centre Limited Company Limited by Guarantee Statement of financial activities Year ended 31 March 2024 2024 Restricted funds Total funds 2023 Unrestricted funds Total funds Note Income and endowments Donations and legacies Charitable activities Investment income 6,500 81,271 792 6,500 81,271 792 13,400 61,709 283 Total income 88.563 88,563 75.392 Expenditure Charitable activities (111,953) (111.953) (11,984) 111.9841 {123,937) {123.937) (102,974) 1102.974) Total Èxpenditure Net expenditure and net movement In funds (23,390) (11,984) (35,374) (27,5821 Reconciliation of funds Total funds brought fOard Total funds carrled forward 56.358 894,902 951,260 978.842 32,968 882,918 915,886 951,260 The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activtlies. The notes on pages 9 to 16 fomi part of these financial statements.
Red Lodge Millennium Centre Limited Company Limited by Guarantee Balance sheet 31 March 2024 2024 2023 Nots Fixed assets Tangible fixed assets 11 886,099 899,663 Current assets Stock Debtors Cash at bank and in hand 12 13 500 11,272 33.783 150 1,745 60,487 45,555 62.382 Creditors: Amounts falllng due within one year 14 (15,768) (10,785) Net current assets 29.787 51,597 Totsl assets less current liabilities 915,886 951.260 Net assets 915.886 951,260 Funds of the charity Restricled funds Unreslricted funds 882,918 32,968 915.886 894.902 56,358 Total charity funds 15 951,260 For the year ending 31 March 2024 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. Directors. responsibilities.. The members have nol required the company to obtain an audit of its financial statements for the year in question in accordance with seclion 476., The directors acknowledge their responsibililies for complying with the requirements of the Act with respect to accounting records and the preparation of financial stalemenls. These financial statements have been prepared in arxordance with the provisions applicable to companies subject to the small companies, regime. These financial statements were approved by the board of trustees and aulhorised for issue on [3 .+...., and are signed on behalf oflhe board by.. C Bloomfield (Chair) Company registration number.. 03493389 The notes on pages 9 to 16 forni part of these financlal statements.
Red Lodge Millennium Centre Limited Company Limited by Guarantee Notes to the financial statements Year ended 31 March 2024 General inforniation The Charity is a private company limited by guarantee. registered in England and Wales and a registered charity in England and Wales. The address of the registered and principal office is Red Lodge Millenium Centre, Lavender Close, Red Lodge, Bury St Edmunds. Suffolk. IP28 8rr. Statement of ¢ompliance The charity constitutes a public benefit entity as defined by FRS 102. The financial statements have been prepared in accordance wilh 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 issued in October 2019, the Financial Reporting Slandard applicable in the United Kingdom and Republic of Ireland (FRS 102), the Charities Act 2011, the Companies Act 2006 and UK Generally Accepted Accounting Pradice. Accounting policies Basis of preparatlon The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value Ihrough income or expendilure. The financial statements are prepared in sterling, which is the functional currency of the entity. Going concern The financial statements have been prepared on a going concern basis as the Trustees believe that no material uncertainties exist. The Trustees have considered the level of funds held and the expected level and income and expenditure for 12 months from authorising these financial statements. The budgeted income and expenditure is sufficient with Ihe level of reserves for the charity to be able to continue as a going concern. Fund accountlng Unrestricted funds are available for use at the discretion of the Trustees to further any of the Charity's purposes. Designated funds are unreslricted funds eamarked by the Trustees for particular future projects or commitments. Restricted funds, where applirAble are subjected to restTiCtions on their expenditure declared by the donor or through the terms of an appeal. and fall into one of two sub-classes- restricted income funds or endowment funds.
Red Lodge Millennium Centre Limited Company Limited by Guarantee Notes to the financial statements (continuedj Year ended 31 March 2024 AcGounting policies (¢onflnued) Income All income is included in the statement of financial activities when entitlement has passed to the Charily. it is probable that the economic benefits associated with the transaction will flow to Ihe Charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income- income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably. Expenditure Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered. and is classified under headings of the statement of financial activities to which it relates: expenditure on raising funds includes the costs of all fundraising activities, events, non-charitable trading activities, and the sale of donated goods. expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charilable activities. All costs are allocated lo expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activily. Shared costs are apprortioned between the activities they contribute lo on a reasonable. juslifiable and consistent basis. Operating leases Lease paymenls are recognised as an expense over the lease term on a slraight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis. Tangible assets Tangible assets are inilially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulaled impairment losses. Depreclatlon Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that assel as follows.. Leasehold property Plant and machinery Fixtures and fittings Over the term of the lease 15 % or 250h straight line 150/0 straight line 10-
Red Lodge Millennium Centre Limited Company Limited by Guarantee Notes to the financial statements (continued) Year ended 31 March 2024 Accounting poliGies (contlnued) Stocks Stocks are measured al the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition. Financial instruments A financial assel or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the inslrument. Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs. unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Current assets and current liabilities are subsequently measured at the cash or other ¢onsideration expected lo be paid or received and not discounted. Debt instruments are subsequently measured at amortised cost. Limited by guarantse The company is limited by guarantee. If the charity were to be wound up, each member would be committed to make a conlribution not exceeding £10. Donatlons and legacles Unrestricted Funds Restricted Total Funds Funds 2024 Donations Donations 6.500 6,500 Grants Grants receivable 6.500 6.500 Unrestricted Funds Restricted Total Funds Funds 2023 Donations Donations 12.000 12,000 Grants Grants receivable 900 500 1,400 12,900 500 13.400 11
Red Lodge Millennium Centre Limited Company Limited by Guarantee Notes to the financial statements (continued) Year ended 31 March 2024 Charitable actlvities Unrestricted Total Funds Unrestricted Total Funds Funds 2024 Funds 2023 Hire of building Rent of bar facilities 62,585 18,686 62,585 18,686 50,709 11,000 50,709 11,000 81,271 81.271 61,709 61,709 Expenditure on charitable activities UnreslriGled Fund5 Restricted Total Funds Funds 2024 Wages and salaries Rates and water Light and heat Repairs and maintenance Insurance Office expenses Depreciation of tangible assets Function costs Support costs 54,093 6.455 12,516 3,216 2,490 18,479 1.580 6.507 6,617 54.093 6.455 12.516 3,216 2,490 18,479 13.564 6,507 6,617 11.984 111.953 11.984 123,937 Unrestricted Funds Restricted Total Funds Funds 2023 Wages and salaries Rates and water Light and heat Repairs and maintenan Insurance Office expenses Deprecialion of tangible assets Function costs Support costs 46,114 4,262 15,063 788 2,854 6.388 1.994 7.815 5,138 46,114 4,262 15,063 1,362 2,854 6,388 13,978 7,815 5,138 574 11.984 90,416 12.558 102,974 Analysis of support costs.. Total Funds Total Funds 2024 2023 Independent examination fees Legal and professional fees 4,415 2,202 3,445 1,693 6.617 5,138 12-
Red Lodge Millennium Centre Limited Company Limited by Guarantee Notes to the financial statements (continued) Year ended 31 March 2024 Net expenditure Net expenditure is stated after chargingl(crediting)'. 2024 2023 Depreciation of tangible fixed assets 13,564 13.978 Staff costs The total staff costs and employee benefits for the reporting period are analysed as follows.. 2024 2023 Wages and salaries 54,093 46,114 The average head count of employees during the year was 4 (2023.. 5). No employee received employee benefits of more than £60,000 during the year (2023- Nil). 10. Trustee remuneration and expenses The key management personnel of the charity comprise the Trustees and the Centre manager. The lotal amount of employee benefrts (including employer pension contributions) received by key management personnel for non Trustee related services to the charity was £25,231 {2023'. £25,231). 11. Tanglble fjxed a$sets Leasehold property Plant and Fixtures and machinery fittings Total Cost At 1 April 2023 and 31 March 2024 Depreciation Al 1 April 2023 Charge for the year At 31 March 2024 1,186,988 1.913 113,062 1,301,963 291,649 11,989 1,053 315 109,598 1,260 402,300 13,564 303.638 1.368 110.858 415.864 Carrying amount At 31 March 2024 883,350 545 2,204 3,464 886,099 899.663 At 31 March 2023 895.339 860 12. Stock 2024 2023 Raw materials and consumables 500 150 13-
Red Lodge Millennium Centre Limited Company Limited by Guarantee Notes to the financial statements (continued) Year ended 31 March 2024 13. Debtors 2024 2023 Trade debtors Prepayments and accrued income 10.186 1,086 11,272 838 907 1,745 14. Creditors: Amounts falling due within one year 2024 2023 Trade creditors Accruals and deferred income Social security and other taxes Other creditors 8.557 3,365 1,704 2,142 (345) 3.445 4,712 2,973 15.768 10,785 14-
Red Lodge Millennium Centre Limited Company Limited by Guarantee Notes to the financial statements fcontlnued) Year ended 31 March 2024 15. Analysis of charitable funds Balance at 1 Apr 2023 Balance at Transfers 31 Mar 2024 Income Expenditure Restricted funds Property fund Loft conversion 882.537 12,365 <11,814) {170) (11,984) 870.723 12,195 894,902 882,918 Unrestricted funds General funds Designated funds 26,358 30,000 88,563 (111,953) 10,000 (10,000) 12,968 20,000 951,260 88,563 (123,937) 915,886 Balance at 1 Apr 2022 Balance at Transfers 31 Mar 2023 Income Expenditure Restricted funds Property fund Loft Gonversion West Suffolk Council Locality Funding 894.351 12,535 (11,814) (170) 882.537 12,365 500 (574) {12.558) 74 906.886 500 74 894.902 Unrestricted 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 Restricted fund purposes: The property fund was reGeived from Ihe Millennium Commission to enable the construction of Community Centre at Red Lodge in Suffolk. The loft conversion fund was received from Forest Heath District Council lo enable conversion of a loft room as an additional facility within the centre and to equip thi5 room. The following restriGted projects have been completed: The West Suffolk Council locality funding was provided for use against electrician and healing costs required to fix a faulty heating system. Designated fund purposes: The designated fund is amounts set aside for the long term mainlenance and repair of the building and is reviewed annually. 15-
Red Lodge Millennium Centre Limited Company Limited by Guarantee Notes to the financial statements (¢ontlnuedJ Year ended 31 March 2024 16. Analysis of net assets between funds As at 31 March 2024 Unrestricted Funds Restricted Total Funds Funds 2024 Tangible fixed assets Current assels Current liabilities 3,181 45.555 (15.768) 32,968 882,918 886,099 45,555 (15.768) 915.886 Net assets 882,918 As at 31 March 2023 Unrestricted Funds Restricted Total Funds Funds 2023 Tangible fixed assets Current assets Current liabilities 4,761 62,382 (10,785) 56,358 894,902 899,663 62,382 {10.785) 951.260 Net assets 894,902 17. Funds received as agent or held as custodian trustee During the year, Red Lodge Millennium Centre Limited, administered funds for Ihe Event Group. Total funds received during the year amounted to £615 (2023.. £Nil) with a further £1,457 {2023'. £60) expended. At the balance sheet date a balance of £Nil (2023.. £824) was ex¢luded from Cash and bank in hand and Creditors.. Amounts falling due within one year. 18. Operating lease commllments The total future minimum lease payments under non-cancellable operating leases are as follows: 2024 2023 Not later than 1 year Later than 1 year and not later than 5 years Laler than 5 years 682 342 69 70 755 416 19. Related parties During the year the charity paid D Marchant amounts totalling £6,135 (2023- £6,135) for non Trustee related services. DT Bettoney Plumbing and Heating is a sole trade business operated by a family member of A Bettoney. During the year the charity paid DT Bettoney Plumbing and Heating £96 (2023.. £1,222) for plumbing. heating and repair services. J Cornish, an employee of the charity, is a family member to Ihe Trustee B Cornish. During the year the charity paid J Cornish amounts lotalling £4,973 (2023-. £4,973). There were no other related party transactions in this or the prior year. 16
Lovewell Blake Chartered Accountants Lovewell Blake LLP First Floor Suite 2 Hillside Busine55 Park Bury St Edmund5 Suffolk IP32 7EA Dear Sirs Financial statements for the year ended 31 March 2024 The following representations are made on the basis of enquires with those individuals, including management and staff, with relevant knowledge and experience such as we consider necessary in connection with your independent examination of the charitable company's financial statements for the year ended 31 March 2024. These enquiries have included inspection of supporting documentation where appropriate and are sufficient to satisfy ourselves that we can make each of the following representations. All representations are made to the best of our knowledge and belief. General We acknowledge that the work perfornied by you is substantially less in scope than an audit performed in accordance with International Standards on Auditing {UK) and that you do not express an audit opinion. We confirm that the charitable company qualifies as small in accordance with the conditions set out in chapter l of part 15 of the Companies Act 2006. We confirm that the charitable company was entitled to exemption under section 144 of the Charities Act 2011, being that gross income forthe year does not exceed £lm or £250.000 if gross assets exceed £3.26m, from the requirement to have its financial statements for the financial year ended 31 March 2024 audited. We also confirm that the members have not required the company to obtain an audit of its financial statements for the financial year in accordance with section 476 of the Companies Act 2006. We confirm we have declared all income, including legacies, of which we are aware at the year end. whether received during the year or following the year end. We have fulfilled our responsibilities as trustees, as set out in the terms of our engagement letter dated 17 November 2022 underthe Companies Act 2006 and Charities Act 2011, for preparing financial statements in accordance with applicable law and United Kingdom Accounting Standards (UK Generally Accepted Accounting Practice), for being satisfied that they give a true and fair view and for making accurate representations to you. All the transactions undertaken by the charitable company have been properly reflected and recorded in the accounting records. All the accounting records have been made available to you for the purpose of your independent examination. We have provided you with unrestricted access to all appropriate persons within the charitable company, and with all other records and related information requested, including minute5 of all management and trustees, meetings and correspondence with The Charity Commission.
The financial statements are free of material misstatements, including omissions. Internal control and fraud We acknowledge our responsibility for the design, implementation and maintenance of internal control systems to prevent and detect fraud and error, and we believe that we have appropriately fulfilled these responsibilities. We have disclosed to you the results of our risk assessment that the financial statements may be misstated as a result of fraud. We have disclosed to you all instances of known or suspected fraud affecting the entity involving those individuals, including management and employee5, who have a significant role in internal control or others that have a material effect on the financial statements. We have also disclosed to you all information in relation to allegations of fraud or suspected fraud affecting the entitvs financial statements communicated by current or former employees, analysts, regulators or others. Assets and liabilities The charitable company has satisfactory title to all assets and there are no liens or encumbrances on the charitable company's assets, except for those that are disclosed in the notes to the financial statements. All actual liabilities, contingent liabilities and guarantees given to third parties have been recorded or disclosed as appropriate. We have no plans or intentions that may materially alter the carrying value and, where relevant, the fair value measurements or classification of assets and liabilities reflected in the financial statements. Accounting estimates The methods, data and significant assumptions used by us in making accounting estimates. and their related disclosure5. are appropriate to achieve recognition, measurement and disclosure that is reasonable in the context of the applicable financial reporting framework. Bank accounts We have disclosed to you all bank accounts operated by the charitable company. Legal claims We have disclosed to you all claims in connection with litigation that have been, or are expected to be, received and such matters, as appropriate, have been properly accounted for and disclosed in the financial statements. Laws and regulations We have disclosed to you all known instances of non-compliance orsuspected non-compliance with laws and regulations whose effects should be considered when preparing the financial statements. Related parties Related party relationships and transactions have been appropriately accounted for and disclosed in the financial statements. We have disclosed to you all relevant information concerning such relationships and transactions and are not aware of any other matters which require disclosure in order to comply with legislative and accounting standards requirements. Serious incidents We confirm that no serious incident reports have been submitted to the Charity Commission, nor any events considered for Submission, during the year or in the period to the date of signing of the balance sheet. Subsequent events All events subsequent to the date of the financial 5tatement5 which require adjustment or disclosure have been properly accounted for and disclosed.
Going concern We believe that the charitable company's financial statements should be prepared on a going concern basis, on the grounds that current and future sources of funding or support will be more than adequate for the charitable company's needs. We also confirm our plans for future actionlsl required to enable the charitable company to continue as a going concern are feasible. We have considered a period of twelve months from the date of approval of the financial statements. We believe that no further disclosures relating to the charitable company's ability to continue as a going concern need to be made in the financial statements. Grants and donations All grants, donations and other income, the receipt of which is subject to specific terms or conditions, have been notified to you. There have been no breaches of terms or conditions in the application of such income. Each trustee has taken all steps that they ought to have taken as a trustee in orderto make themselves aware of any relevant information and to establish that you are aware of that information. Yours faithfu Ily Signed on behalf of the board of trustees of Red Lodge Millenium Centre Date:...