2020-08-31-accounts - The Milford Millennium Hall And Community Centre

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			Page
Report ofthe Trustees		1	to	5
Independent Examiner's	Report
Statement ofFinancial	Activities
Balance Sheet		8	to	9
Notes to the Financial Statements		10	to	17

				2020	2019
		Unrestricted	Restricted	Total	Total
		funds	funds	funds	funds
	Notes
FIXEDASSETS
Tangible assets Investments	12 13	654,338 I	456,043	1,110,381 I	1,129,795 1
		654,339	456,043	1,110,382	1,129,796
CURRENT ASSETS
Stocks Debtors	14 15	2,333 48,548		2,333 48,548	2,330 72,580
Cash in hand		119,011	3,499	122,510	122,845
		169,892	3,499	173,391	197,755
CREDITORS
Amounts falling due within one year	16	(9,020)		(9,020)	(26,401)
NET CURRENT ASSETS		160,872	3,499	164,371	171,354
TOTAL ASSETSLESSCURRENT
LIABILITIES		815,211	459,542	1,274,753	1,301,150
NET ASSETS		815,211	459,542	1,274,753	1,301,150
FUNDS	17
Unrestricted funds				815,211	840,535
Restricted funds				459,542	460,615
TOTAL FUNDS				1,274,753	1,301,150

3.	DONATIONS AND	LEGACIES
			2020	2019
	Donations		4,250	2,232
	Gift aid		1,158	943
	Donation from trading	sub	11,774	24,507
			17,182	27,682
4.	OTHER TRADING	ACTIVITIES
			2020	2019
	Fundraising events		66,966	78,548
	Hall and facilities hire		23,737	37,768
	Bar and Cafe		26,389	39,677
			117,092	155,993
5.	INVESTMENT INCOME
			2020	2019
	Interest receivable - trading		333	204

Other trading	activities
						2020	2019
Purchases Bad debts						47,554 132	63,241
						47,686	63,241
CHARITABLE ACTIVITIES COSTS
					Direct	Support
					Costs	costs	Totals
Overheads					81,807	57,447	139,254
NET INCOME/(EXPENDITURE)
Net income/(expenditure)		is	stated after charging/(crediting):
						2020	2019
Depreciation - owned assets						32,763	33,304
The Independent	Examiners'		remuneration	was 21,850 (2019:K2,100).

					2020	2019
Wages and salaries					52,179	42,101
Social security	costs				725
Other pension	costs				1,131	712
					54,035	42,813
The average monthly		number ofemployees		during the year was as follows:
					2020	2019
Employee					9	8
No employees	received emoluments		in excess of660,000.

costs related to tradin	g activities are cross-charged to the trading company.	g activities are cross-charged to the trading company.
COMPARATIVES	FOR THK STATEMENT OFFINANCIAL ACTIVITIES
		Unrestricted	Restricted	Total
		funds	funds	funds
INCOME AND ENDOWMENTS FROM
Donations and legacies		27,682		27,682
Other trading activities		155,993		155,993
Investment income		204		204
Total		183,879		183,879
EXPENDITURE ON
Raising funds		63,241		63,241
Charitable activities
Overheads		111,329	17,884	129,213
Total		174,570	17,884	192,454
NET INCOME/(EXPENDITURE)		9,309	(17,884)	(8,575)
RECONCILIATION	OF FUNDS
Total funds brought	forward	831,226	478,499	1,309,725
TOTAL FUNDS CARRIED FORWARD		840,535	460,615	1,301,150

	for the Year Ended 3	for the Year Ended 3	1August 2020
12.	TANGIBLE FIXEDASSETS
			Freehold	Plant and
			property	machinery	Totals
	COST
	At 1 September 2019 Additions Reclassification		1,209,630 7,441 (625)	145,960 5,908 625	1,355,590 13,349
	At 31August 2020		1,216,446	152,493	1,368,939
	DEPRECIATION
	At 1 September 2019		125,199	100,596	225,795
	Charge for year		18,086	14,677	32,763
	At 31 August 2020		143,285	115,273	258,558
	NET BOOK VALUE
	At 31August 2020		1,073,161	37,220	1,110,381
	At 31 August 2019		1,084,431	45,364	1,129,795
13.	FIXEDASSET INVESTMENTS
					Shares in
					group
					undertakmgs
	MARKET VALUE
	At 1 September 2019and	31August 2020
	NET BOOK VALUE
	At 31August 2020
	At 31August 2019
	There were no investment	assets outside the UK.
14.	STOCKS
				2020	2019
	Stocks			2,333	2,330

DEBTORS:	A	MOUN	TS FALL	ING DUE WITHIN ONE Y	EAR
						2020	2019
Trade debtors Amounts owed Other debtors		by group undertakings				328 38,458 1,940	5,242 62,568 1,940
Prepayments	and accrued income					7,822	2,830
						48,548	72,580
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE					YEAR
						2020	2019
Trade creditors						2,283	11,350
Social security		and other taxes				898	436
Other creditors						910	534
Accrued expenses						4,929	14,081
						9,020	26,401
MOVEMENT		IN FUNDS
						Net
						movement	At
					At 1.9.19	in funds	31.8.20
Unrestricted	funds
General fund					840,535	(27,324)	813,211
Barry Philips	Memorial		Fund			2,000	2,000
					840,535	(25,324)	815,211
Restricted funds
Building fund					460,615	(1,073)	459,542
TOTAL FUNDS					1,301,150	(26,397)	1,274,753
Net movement		in funds,	included	in the above are as follows:
					Incoming	Resources	Movement
					resources	expended	in funds
Unrestricted	funds
General fund					156,191	(183,515)	(27,324)
Barry Philips	Memorial		Fund		2,000		2,000
					158,191	(183,515)	(25,324)
Restricted funds
Building fund						(1,073)	(1,073)
TOTAL FUNDS					158,191	(184,588)	(26,397)

								Net
								movement	At
							At 1.9.18	in funds	31.8.19
Unrestricted	funds
General fund							831,226	9,309	840,535
Restricted funds
Building fund							478,499	(17,884)	460,615
TOTAL FUNDS							1,309,725	(8,575)	1,301,150
Comparative	net movement			in funds, included	in the above		are as follows:
							Incoming	Resources	Movement
							resources	expended	in funds
Unrestricted	funds
General fund							183,879	(174,570)	9,309
Restricted funds
Building fund								(17,884)	(17,884)
TOTAL FUNDS							183,879	(192,454)	(8,575)
A current year 12months			and prior year 12months			combined position is as follows:
								Net
								movement	At
							At 1.9.18	in funds	31.8.20
Unrestricted	funds
General fund							831,226	(18,015)	813,211
Barry Philips	Memorial	Fund						2,000	2,000
							831,226	(16,015)	815,211
Restricted funds
Building fund							478,499	(18,957)	459,542
TOTAL FUNDS							1,309,725	(34,972)	1,274,753

		Incoming	Resources	Movement
		resources	expended	in funds
Unrestricted funds
General fund Barry Philips Memorial	Fund	340,070 2,000	(358,085)	(18,015) 2,000
Restricted funds		342,070	(358,085)	(16,015)
Building fund			(18,957)	(18,957)
TOTAL FUNDS		342,070	(377,042)	(34,972)
Designated Funds