2022-08-31-accounts - The Milford Millennium Hall And Community Centre

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Reserves Target &Allocation			Target
Non insurance covered Business	Interruption	eg Covid 19	g50,000
Future Expansion			f60,000
General Contingency			f40,000
Total			8150,000
The Reserves Policy is reviewed	annually.

DONATI	ONS AND	LEG	ACIFS
				2022	2021
Donations				5,205	8,052
Gift aid				3,160	1,855
Legacies					7,164
Grants				5,415	72,253
Donation	from trading	sub		40,213	13,000
				53,993	102,324
Grants received, included			in the above, are as follows:
				2022	2021
HMRC CJRS Furlough		Income		81	21,485
HMRC Business Support Grants				5,334	37,273
Local Giving Foundation					13,495
				5,415	72,253

	OTHER TRADING ACTIVITIES	OTHER TRADING ACTIVITIES	OTHER TRADING ACTIVITIES
						2022	2021
	Fundraising events					74,771	11,444
	Hall and facilities hire					39,490	9,583
	Bar and Cafe					36,036	4,917
						150,297	25,944
5.	INVESTMENT INCOME
						2022	2021
						8
	Interest receivable - trading					212	211
6.	RAISING FUNDS
	Other trading activities
						2022	2021
	Purchases					60,943	12,897
7.	CHARITABLE ACTIVITIES COSTS
					Direct	Suppott
					Costs	costs	Totals
	Overheads				77,480	60,847	138,327
8.	NET INCOME/(EXPENDITURE)
	Net income/(expenditure)	is	stated atter charging/(crediting):
						2022	2021
							f
	Depreciation - owned assets					31,696	30,740
	The Independent Examiners'		remuneration		was f2,640(2021:f2,640).
	TRUSTEES' REMUNERATION			AND	BENEFITS

Ib.	STAFF COSTS
					2022	2021
	Wages and salaries				55,070	51,837
	Other pension costs				1,006	1,096
					56,076	52,933
	The average monthly number ofemployees			during the year was as follows:
					2022	2021
	Employee				7	7
	No employees received	emoluments	in excess of660,000.
11.	COMPARATIVES FOR THE STATEMENT OF I INANCIAL ACTIVITIES
				Unrestricted	Restricted	Total
				funds	funds	funds
				6		6
	INCOME AND KNDOWMFNTS		FROM
	Donations and legacies			88,830	13,494	102,324
	Other trading activities			25,944		25,944
	Investment income			211		211
	Total			114,985	13,494	128,479
	EXPENDITURE ON
	Raising funds			12,601	296	12,897
	Charitable activities
	Overheads			117,772	15,501	133,273
	Total			130,373	15,797	146,170
	NET INCOME/(EXPENDITURE)			(15,388)	(»303)	(17,691)
	Transfers between funds			7,197	(7,197)
	Net movement in funds			(8,191)	(9,500)	(17,691)
	RECONCILIATION	OF FUNDS
	Total funds brought forward			815,211	459,542	1,274,753
	TOTAL FUNDS CARRIED FORWARD			807,020	450,042	1,257,062

		Notes to the Financial Statements	- continued
		for the Year Leaded 31August	2022
12.	TANGIBLE FIXEDASSETS
			Freehold	Plant and
			property	machinmy	Totals
	COST
	At I September 2021		1,216,446	166,050	1,382,496
	Additions			10,267	10,267
	At 31 August 2022		1,216,446	176,317	1,392,763
	DEPRECIATION
	At 1 September 2021		161,371	127,927	289,298
	Charge for year		18,087	13,609	31,696
	At 31 August 2022		179,458	141,536	320,994
	NET BOOI& VALUE
	At 31 August 2022		1,036,988	34,781	1,071,769
	At 31 August 2021		1,055,075	38,123	1,093,198
13.	FIXEDASSET INVESTMENTS
					Shares in
					group
					undertakings
	MARKET VALUE
	At 1 Septentber 2021 and	31 August 2022
	NET BOOK VALUE
	At 31 August 2022
	At 31 August 2021
	There were no investment	assets outside the UK.
14.	STOCKS
				2022	2021
	Stocks			2,435	2,352

DEBTORS:	A	MOUNT	S FALL	ING DUK WITHIN ONE Y	EAR
							2022	2021
Trade debtors							2,791	1,579
Amounts owed		by group undertakings					87,859	56,154
Other debtors							374	264
Prepayments	and accrued income						1,263	2,242
							92,287	60,239
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE					YEAR
							2022	2021
Trade creditors							2,192	1,865
Social security		and other taxes					447	382
Other creditors							1,958	771
Accrued expenses							13,296	14,132
							17,893	17,150
MOVEMENT		IN IrUNDS
							Net
							movement	At
					At	1.9.21	in funds	31.8.22
						8		f
Um estricted	funds
General fund					797,356		15,655	813,011
Barry Philips	Memorial		Fund		2,000		(423)	1,577
Zena Newbold		Legacy Fund				7,164		7,164
Piano Fund						500	(500)
					807,020		14,732	821,752
Restricted funds
Building fund					450,042		(9,500)	440,542
TOTALFVNDS					1,257,062		5,232	1,262,294
Net movement		in funds,	included	in the above are as follows:
					Incoming		Resources	Movement
					resources		expended	in funds
Unrestricted	funds
General fund					204,502		(188,847)	15,655
Barry Philips	Memorial		Fund				(423)	(423)
Piano Fund							(500)	(500)
					204,502		(189,770)	14,732
Restricted funds
Building fund							(9,500)	(9,500)
TOTAL FUNDS					204,502		(199,270)	5,232