REGISTERED COMPANY NUMBER: 0371889S (England and Wales)
REGISTERED CHARITY NUMBER: 1075243
Report of the Thi$tee8 and
Unaudlted Flnanclal Statements
for the Year Ended 31 August 2024
for
The Mllford Mlllenlum Hall and
Communlty Centre
Ward Goodman Audit Services Ltd
4 Cedar Park
Femdown Industrial ￿￿tate
Wimborne
DoTSel
BH217SF

The Mllford Mlllenlum Hvdll and
Community Centre
Cotttents of the Flnanclal St4tements
for th¢ Y¢Ydr Ended 31 August 2024
Page
Report of the Trultees
Independent Examln¢r'J Report
ststement of Finan¢lal AethTltleJ
Balan¢¢ Sheet
7 to 8
Notes to the Flninelal Statem¢nts
9 to 18

The Milford Millenlum Hall Ydnd
Commvnlty Centre IR¢glstered number= 03718895)
Report of the Trnstees
for th¢ Year Ended 31 August 2024
The trustees who are also direthrs of the chartty for the purposes of the Companies Act 2006, present their report with the
financial st&ternents of the charity for the yw ended 31 August 2024. The trustees bave adopted the provisions of
Accounting and Reporting by Charities: Statement of Re¢ommended 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 I
January 2019).
OBJECTIVES AND ACTIVITIES
Objectlve$ and glms
The Charity's aims are to provide and manage a Community centre for the benefit of the Parish of Milford-on-sea,
Lymington, Hampshir¢ and to encourage and promote the personal and social development of young people in the Parish.
As the Trus¢cc5 of the Charity, we operate a purpose-built Community Centre which opened in September 2010, and this
report is for our 14th ycar of operation from this Centre. In 2023, the charity adopted the trading name of Th¢ Bridge, for all
its a¢tivilies.
We achicve our charitsblc aims by:
Offering our facilities for hir¢ to local organisations and individuals resuliin¥ in a broad riinge of activi(i¢s including
cducational c1&%5¢s' music. art. drama, dan¢e. exercise and fitness sessions. m¢¢ting rooms for local socteties aTJd community
support groups.
- Running a well-stsffed Youth Club two eveninBS a wcek. The activities offered are designed to encourage communication
and conversation as well as tea¢hin¥ younger people skills for life. We arrange activities for children of Primary School age
during the annual holidays. We also Seahorsc5 Stay and Play group for prt-schijol children every week which is also
very popular.
Organtsing a wide range of activities and entcrtainment designed to have broad appeal io all ages and be a focal point for
the local Community.
- Providing a popular and well-used cafe from Monday to Friday* providing free internct facilities, attd also in the evening
a which operates alongside many of the events.
- Operating a charity shop in order to raise funds for the Ccntre.
Governance &nd Organ18&tlon
The Charity's governing body is the Board of Trustees which nonnally meets monthly to discu8s operational and strategic
matters. There are a number of SulFCommittees which report to the Board dealing with more detailed matters rel&ted to the
ongoing operdtion and d¢velopment of the Ccntre. All Trustees appoinled are lo¢al residents and often were previously p&rt
of the broad volunteer b&8e that supports the Charity.
We operate two Charity Shops through a trading subsidiary (Milford Millennium Shop Ltd) of which the Community Centre
As the sole shareholder. All profits from the subsidiary are distribuÈd annually to the Charity to further our community
objectives. Trust¢e5 and Sub-committees take responsibility for management of the day-towday operations of the Charity and
the trAding subsidiary; the Charity does not have an appointed Chief Executive or Senior Staff Member.
We employ¢d an avera8e of 10 staff ov¢r the financial year, this betng a full-tim¢ Caretaker and a part-time caretaker; 2
part-time Administrators. a Youth Leader responsible for managing the Youth Club along with 5-6 Youth Workers (all
part-time).
Page I

Th¢ Mllford Millenium Hzdll
Community Centre (Reglstered numb¢r: 03718895)
Report of the Trustees
for the Year Ended 31 August 2024
OBJECTIVES AND ACTIVITIES
FJvents and A¢tlvltles
We host a br()ad range of ev¢nts & activities throughout the year organised by ourselves as well as private individuals, lo¢al
bwinesses, and larger organisations. these include activities such as:
- Exercise. keep-fit, music. ¢hoiTS, dance and art ¢la&8es, etc.
- Regular meetlngs of local organisations and inlerest groups
- Private events such as weddings, anntversaries, wakes, children's parti¢5 et¢, making use of the Hall with the stage and big
enough for bouncy castles, bands & discos
- Private and business use. for meetings, conf¢r¢n¢es, workshops, sales, art exhibttions, ets.
- Conferences / public meetings I workshops / discussions on matters such as conservation and loca] development.
We also nm a full publi¢ entertainment program of music, dance, in-house & touring theatre, comedy, opera, cinema &
screenings. We offer a number of these events with dining provided, wbich coupled with our well-stocked bar generates a
significant part of our fundraising income.
Trading A¢dvldes
We opernte two Charity Shops through our tradin8 subsidiary company Milford Millenium Shop Limited (MMSL). The
shop operation each year gifts all of ils profit to MMHCC. Thi$ is an important part of thc fimding of our aclivities, and
particularly for inv¢sthKnt in further developtnent of our facility and capabilities.
The charity shop has been operating since 201 O from small premiscs in the centre of Milford on Sea. In September 2023 we
acquired a second shop in an excellent lo¢ation ¢lose to the original shop and the two together more than doubles our trading
area allowing us to off¢r a much wider range of goods and all attractively displayed. This second shop opened in April 2023.
We have now completed the first full year of trading from two shops and acbieved our highest ever turnover profit to be
gifted to the parent charity MMHCC.
Bulldlng$ and Facllltles
We bave a high standard of n]aintenance for th¢ building and are prowactive in meeting Health and Safety responsibilities,
including a Tollins review of our risk Assessments. We periodically conduct fire risk a8scssments and thll electrical condition
8wYeys of the buildin8 and continue to ensure that all equipment is well maintained and replaced where necessary.
We continue to invest in our facilities to keep them in full working order and attractive for hirers and users.
Long Term Development
Tbe Trustees acquired land adjacent to the Centre in 2016 to enable ￿tUre expansion. This land is cu￿entlY us¢d ￿ storage
and as a donations receipt and sorting operation for the charity shop stock. Trustees have recommenced work on how to best
use this land long-tern] to further th¢ aims of the charity.
Publle benefit
The Charity meets its requir¢ments to deliver Publi¢ Benefit through th¢ bri)ad range of services I1￿¢d abov¢ that are
provid¢d to the local community
TTUStees have due regard to clwity conllnission guidan¢e on public benefit.
Page 2

The Milford Millenium Hall and
Community Centre (Regiqtcred number: 03718895)
Repart (>f the Trustees
for the Year Ended 31 August 2024
OBJECTJVES AND ACTIVITIES
Volunteers
We have a highly activc and dedicated team of over 150 volunteers who provide support covering administration,
refreshments. gardening. shop, kitchen. technical, and other activities. This enthusiastic support has allowed us lo operate the
Caf¢ and Box Office for five days a week and run an extensive prograinme of cv¢nts/a¢tivities. We have also had the Shop
open for an average of 24 days a month.
FINANCIAL REVIEW
FinAncial review 21)23-24
Net Income in 2023-24 is £262.422, compared to Net Income in 2022-23 of £223,866 which is 17 /0 up on the prior year.
The nel surplu81{deficit) in 2023-24 was {£29,902), compared to (£32.018), in 2022-23. a decrease of £2,116.
Reserves pollcy
The Milford Millenium Community Ccnlrc (The Charily) insii&FatLd & RLscrv¢s PoliLy in 2013-14 to develop cash
rcscrves against possible risks and longer lenn inveslmcnl rcquirements. This is reviewed annually and is dcsigncd to..
l. Crcale a business inierruption rcscrvc for situations such as Covid-19 which are not covered by insuranee
2. Crcalc funding for fulurc expansion uf thc CLnlre
3. Providc a gcneral contingency fund to prolccl again81 fvture income downturn or budget shortfall in any op¢raling year.
Thi5 to include any additional maintenance risks not covered by in8urance.
This is reflected in the following reserve allocations..
Reserves Target & AIIoc4tion
Non insurance covercd Business Lnlerruption ¢8 Covid 19
Future Expan¥ion
(ieneral Conlingyen¢y
Total
The Reserv¢s Policy is reviewed annually.
Target
£50,000
£60,000
£40.000
£150,000
The charitable entity has free reserves of £149,504 as at 31 August 2024 (2023- £156,590). The Trustees consider this level
of rcscrvcs to be sufficient to d¢livLr Lharitablc objcctives foi. tlie next twelve inonths. Free reserves are calculated by
dcducling fixed asscls from th¢ unr¢slricled {and designated) rL'scfvLS hcld at thc ycar-cnd.
Going concern
The Trusl¢es confirni that, after making appropriate enquirie.8, they have r¢a8onable expectation that the Charity has
adequate resour¢e8 10 continue in operational existence for the forcseeable futur¢. For this r¢ason, they ¢ontinu¢ to adopt the
going concern basis in preparing these accounts.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its govcming document, a deed of trust, and constitutes a limited company. limited by guarantee,
as dLfmLd by the Companies Act 2006.
Recruitment and appointment of new trustees
Trustees are recruited and appointed when there is a sufficient Theed or room on the Board of Trnslees.
Trustees are providcd with the CC3 document trom the Charity Commission or training from existing Trustees or external
courses in order lo effectively cary out their duties as Tru8tees.
Page 3

The Milford Mlllenlum H411 and
Community Centre (Reglstered number: 03718895)
Report of the Trustees
for the Year Ended 31 August 2024
REFERENCF AND ADMINISTRATIVE DETAILS
Registered Comp#ny number
03718895 (England and Wales)
Reglstered Charity number
1075243
Reglstered office
4 Cedar Park
Femdown Industrial Estate
Cobham Road
Wiinborne
Dor5Ct
BH217SF
Trustees
R Bishop
D Elli.8
O H Whiilo¢k
Mrs S Whitlock (resigned 7.12.23)
M Walker
Mrs L M Bagmall
MsCRJJones
Ms V S Silander
P H Warc-Lane
Mrs S Fr¢iscr
CompAny Secretary
O H Whitlock
Indepelldent Examlner
Ward Goodman Audit Services Ltd
4 Cedar Park
Ferndown Industrial Estate
Wimborne
Dorsct
BH217SF
Approved by order of Ihe board of trustees on .....
.go.Z*.. and signed on ils behalf by..
O H Whitlock - Trustee
Page 4

Independent Examlner's Report to the Trustees of
The Milford Millenium Hall and
Community Centre
Independent examiner's report to the trustees of The Milford Millenium Hall and Communlty Centre {'the
CompAny')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 August 2024.
Responsibilities and basis of report
As the charity's trustees of the Company (and also its directors for the purposes of company law) you arc responsible for the
preparation of the a¢counts in accordance with the requirements of the Lompdnies Act 2006 ('Ihe 2006 Act).
Having satisfied myself that the accounts of the Company are not required to b¢ audited under Part 16 of the 2006 Act and
re 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 (Ihe 201 l Act,). In carrying out my examination I have followed the Directions
given by the Charity Commission under Section 14515) {b) of thc 2011 Act.
Independent examiner's statement
Since your charity's gross incoiiie exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I
am qualified to undertake the examinalion because l am a member of the Institute of Chartered Accoutilanls in England and
Wales. which is one of the listed bodies.
I have completed my examination. I confirni that no matters have come lo my attention in ¢onn¢ction with the examination
giving me cause lo believe..
accounting rccords wcre not kcpl in rcspcct of the Company as required by Section 386 of the 2006 Act. or
Ih¢' ￿￿¢vUntS do not ac¢ord with tl)osc rc¢ord¥; or
the accounts do not con)ply with the uccounlingi rcquirLments of Section 396 of Ihe 2006 Acl other thun any
requiremenl that the aLLuunts givl a true and fair view which is not a mdlt¢r eoi)sidered as part ol- an independent
¢xuminiltion' or
thL aLeounts have not been prepared in aLLordunLe with the meih(Mls and principles of the Stdtement of
Rccommcndcd Practicc for accounting and rcporling by ¢harities (applicable io charitics prcparing their a¢¢ounts in
accordance with the Financial Reporting Standard applieablc in the UK and Republic of Ireland (FRS I n2}).
I have no concerns and have come across no other matters in conneclitsn with the examination lo which attention should be
drawn in this rcporl in urdcr lo cnablc a propcr undlrslunding of the accounts to be reaLhLd.
l M Rodd Bsc FCA FCCA
Ward Goodman Audit Services Ltd
4 Cedar Park
FLmdown Industrial Eslale
Wimborne
Dorset
BH217SF
Date..
Page 5

The Milford Millenlum Hall and
Community Centre
Stalement of Financial Activities
(Ineorporating an Income and Expendlture Account)
for the Year Endcd 31 August 2024
2024
Tolal
funds
2023
Total
nds
Unreslric*d
funds
Restricted
funds
Notes
INCOME AND ENDOWMF.NTS FROM
Donations and legacies
74,670
74,670
36,259
Other trading activities
Inv¢stm¢nl income
183,875
3,877
183,875
3,877
186,431
,176
Total
262.422
262,422
223,866
EXPELYDITURE OIY
Raising fvnds
78,432
78.432
85.312
Charltable aetlvltles
Ovcrl)iads
204,392
9.500
213,892
170,572
To¢al
282,824
9,500
292,324
255,884
IYET IIYCOMEI(EXPENDITURE)
(20,402}
{9.500)
(29,902)
(32.018)
RECONCILIATION OF FUNDS
Toial funds brought forward
799,234
431,042
1,230,276
1.262,294
TOTAL FUNDS CARRIED FORWARD
778,832
421,542
1,200.374
,230,276
The notes fonn part of these financial statements
Page 6

The Milford Millenlum Hall and
Community Centre (Registered number". 03718895)
Balance Sheet
31 August 2024
2024
Total
funds
2023
Total
funds
Unrestricted
funds
Restricted
runds
Notes
FIXED ASSETS
Tangible assets
Investmentq
12
13
601,538
418,043
1.019,581
1,046.445
601,539
418,043
1,019.582
1,046,446
CURRENT ASSETS
Stocks
Debtors
Inve%tments
Cash in hand
14
15
16
3.205
61,201
26,276
97,385
3.205
61,201
26,276
100.884
2,433
66.927
3,499
131,639
188.067
3,499
191,566
200,999
CREDITORS
Amounts falling due within on¢ year
17
(10,774)
(10.774)
(17,169)
IYET CURRENT ASSETS
177,293
3,499
1140,792
183.830
TOTAL ASSETS LESS CURRENT
LIABILITIES
778,832
421,542
1,200,374
1,230,276
NET ASSETS
778,832
421,542
1,200,374
1,230,276
19
UnrL'striLted funds
Rcslriclcd funds
778,832
421,542
799,234
431,042
TOTAL FUNDS
1,200,374
1,230,276
The charitable company is entitled lo exemption from audit Und￿ s￿tiOn 477 of the Companies Act 2006 for the year ended
31 August 2024.
The members have not required the Lompany lo obtain an audit of ils financial slalcmcnls for Ihc year ended 31 Augusl 2024
accordance with Section 476 of th¢ Companies Act 2006.
The trnstccs acknowledge their responsibilities for
(a)
ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the
Companies Act 2006 und
preparingF linancial statements which give a Inle and fair view of the state of affairs of the charitable company as at
thc cnd of cach ffftancial year and of its sutylus or dcficit for cach financial ycar in accordance Thith the requirements
of Se¢tions 394 and 395 and which othenvise comply with the requirements of th¢ Compani&s Act 2006 relating to
financial statements, so far as applicable to the charitable company.
(b)
The notes forn] part of these financial statements
Fage 7
ontinued...

The Milford Mlllenium Hall And
Community Centre (Registered number: 03718895)
Balanee Sheet- continued
31 August 2024
These financial statements h&vc been prepared in accordance with the provisions applicable to charitsble companies subject
to the small companies regime.
The financi81 statements were approved by th¢ Board of Trustc¢s and authoris¢d for issue on
and were signed on its behalf by..
L M Bagna
The notes form part of these financial Ststements
Page 8

The Milford Millenium Hall #ttd
Community Centre
Notes to the FlnAncial Statements
for the Year Ended 31 August 2024
LEGAL FORM
The Milford Millenium Hall and Comrnunily Centre is a charity registered in the UK and is a company limited by
guarantee. regtslered in England and Wales. Further details on page 4.
ACCOUNTING POLICIES
Basis of preparing the flnancl#l statemeDts
The financial statcments ol. the charitable Company, which is a public benefit entity under FRS 102, have been
prepared in accordance with thc Charities SORP (FRS 102) 'Accounting and Reportin¥ by Chariti¢s.' Statement of
Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting
Standard appliLable in the UK and Republic of Ireland (FRS 102) (effective l January 2019),, Financial Reporting
Standard 102 The Financial Reporting Stdndard applicable in the UK and Republi¢ of Ireland, and the Companies
Act 2006. The financial slalemenls have been prepared under the hi8torical cost ¢onvention. with the exception of
investments which are included at market valu¢.
Income And debtors
All incomc is recognis¢d in the Sialcmcnt of Financial Aciivilics once the charity has enlitlemenl to the fiinds. it is
probable that the inLom¢ will be received and Ihe amount Cdn b¢ measured rcliably.
Grants (including ihose received from ¥overnmenl b(Trdies} are reco&Fnised where there is enliilemenl, certainly of
reccipt and thc amount can be m¢asur¢d with %ufficient reliability. Gr¢int in¢om¢ is deferrcd whcn the donor specifiey
use of the granl lo bc in ihe future, or where there are conditions for full entitlemenl and Ihose conditions have nol
yet beeT) satisfied.
DL.btors are rccognised at the settlement amount duc after any tradc discount offered.
Prepayments ar¢ valued al thc amouilt pr¢paid net of any tradc discounts due.
Expendlture IIAbllltl¢s
Liabililies are recognised a8 expendilure a.s .qoon as there is a legal Dr conslructive obligation commitlingT Ihe charity
to that expcndifure, it i.s probable that a transfcr of economic bcncfits will be required in settlemcnc and the amount
of the oblig7ation ean be measured reliably. F.xpenditure 1.8 a¢ci)unted for on an accruals basis and has been classified
under headings that aggr¢gTatc all cost related lo the category. Wher¢ costs cannot bc dirccily attributed to particular
headings they have been allocated lo activities on a basis ¢on8i.%ienl with the use of resources.
Crcditors and provisions are rccognised where the charity has a present obligation resulting from a past event that
will probably result in Ihe tranbfLr of funds to a third party and the amounl due lo setile ihe obligaliun Lan be
measured or estimal¢d reliably. Crcdilors and provisions are nornially re¢ognised at their settlement amount after
allowing for any trade discounts due.
Tangible fixed Assets
Depreciation is provided at the following annual rates in ordcr to write off each assel over its estimated useful life.
Freehold property
Plant and machinery
2 /0 on vost
330/0 on cost, 200/0 on ¢ost and 10 % on cost
Stocks
Stocks are valued al thc lower of cost and nel r¢alisable value, after making due allowance for obsolete and slow
moving items.
Taxatlon
The charity is exempt from corporation lax on its charitable activities.
Page 9
continued...

The Milford Millenium Hall and
Community Centre
Notes Éo the Fin#ncial Siatements- continued
ror the Year Ended 31 August 2024
ACCOUNTING POLICIFS- continued
Fund accounting
Unrestriclcd funds can b¢ uscd in accordan¢c with the charitable objectives at ihc discretion of the truslccs.
Reslri¢t¢d funds can only be used for particular reslricled purposes within the objects of the Gharity- Restrictions
aris¢ when specified by the donor or when ￿ndS are raised for particular r¢8tricted purposcs.
Furth¢r explanation of the ft8￿re and purpose of each fund is in¢luded in the notes ¢0 the financial statcments.
Pension costs And other post-retfirement benefits
The Lh¢irilable company operates a defined contribution pension scheme. Contributions payable to the charitable
ompany's pension scheme are charged to the Statement of Financial Activities in the period lo which they relate.
Cash 4t bank And In hand
Cash al bank and cash in hand iiicludes cash and sliori tcrni highly liquid investments with a short ma¢urily of three
months or less from the date of acquisition or op¢ning of Ihc deposit or siniilar account.
Investment$
Current a$8et inveslments are made up of Iiqliid investments held with a maturity dale longer than 3 months but less
th￿ 12 months from the opcning vf th¢ aLLounl.
DONATIONS AND LEGACIES
2024
2023
Donations
Giftuid
Lcgdcies
Grants
Donation from trading sub
3,669
4,7() 5
20,000
5,000
41,240
12,290
4,692
10,000
6,000
3,277
74,670
36,259
Grants received, included in the above, are as follows..
2024
2023
NFDC - Comrnunity Warn] Space Grant
Milford on Sea Pari8h Council Grant
1,000
5,000
5,000
5,000
6,000
Pag¢ 10
continued...

The Mllford Millenium Hall and
Community Centre
Notes to the FinancÈal Statements - continued
for the Year Ended 31 August 2024
OTHER TRADING ACTIVITIES
2024
2023
Fundraising events
Hall and facilities hire
Bar and Cafc
82,449
46.726
54,700
90,695
47.039
48,697
183,875
186,431
INVESTMENT INCOME
2024
2023
Interest receivable- trading
3,877
1,176
RAISING FUNDS
Other trading activities
2024
2023
Purchases
78,432
85.312
CHARITABLE ACTIVITIES COSTS
Direct
Costs
Support
costs
Totals
Overheads
112,557
101,335
213,892
IYET INCOME/(EXPENDITURE)
Net income/(eXpendi￿re) is ststed after chargingl(crediting)=
2024
2023
Depreciation- owned asgets
29,636
29.207
The Endcpendent Examiners, remuneration was £2,992 (2023:£2.892).
Pagell
¢ontinued..

The Milford Millenlum Hxll and
Community Centre
Noles to the FinanciAI Statements - continued
for the Year Ended 31 August 2024
TRUSTEES, REMUNERATION AND BENEFITS
There were no Irust¢es' remuneration or other beT)efits for the year ended 31 August 2024 nor fur the year ended
31 August 2023.
Trustees, expenses
There were no trustees, expenscs paid for the year endcd 31 August 2024 nor for the year ended 31 August 2023.
STAFF COSTS
2024
2023
Wag¢s and salaries
Other pension costs
77,274
1,399
67,484
1,122
78,673
68,606
The average monthly number of employees during the year was as follows:
2024
io
2023
Employee
No employees received emoluments in excess of £60,000.
ii.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unr¢slrictcd
funds
Restricled
funds
Total
funds
INCOMF. AND ENDOWMENTS FROM
Donations and legacies
36.259
36,259
Other trading activities
Investmcnt income
186,431
1,176
186.431
1.176
Total
223,866
223.866
EXPENDITURE ON
Raising fi2nds
85,312
85,312
Charitable activities
Overheads
161.072
9.500
170,572
Totsl
246,.384
9,500
255,884
NET INCOMEI(EXPENDITURE)
(22,518)
(9,500}
(32,018)
RECONCJLIATION OF FUNDS
Total funds brought furward
821,752
440,542
1,262,294
Page 12
¢ontinued...

The Mllford Millenium Hall and
Community Centre
Notes to the FinantlAI Statements - continued
ror the Year Ended 31 August 2024
ii.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
Unrestricted
Rcstricted
funds
Total
funds
TOTAL FUNDS CARRIED FORWARD
799,234
431.042
1,230,276
12.
TANGIBLE FIXED ASSETS
Freehold
property
Plant and
machinery
Totals
COST
At I Scplember 2023
Addilions
1.216.446
180,200
2,772
1,396,646
2,772
At 31 August 2024
1,216,446
182.972
.399,418
DEPRECIATION
Ai I September 2023
Charge for year
197.544
18,086
152,657
11,550
350,201
29,636
At 31 August 2024
215,630
164.207
379,837
NET BOOK VALUE
At 31 August 2024
1,000,816
18,765
1,019,581
Ai 31 August 2023
1,018,902
27,543
1,046,445
13.
FIXED ASSET INVESTMENTS
Sharcs in
group
undertakings
MARKET VALUE
Ai I Seplembcr 2023 and 31 August 2024
NFT BOOK VALUE
At 31 August 2024
At 31 August 2023
There wLrc no investment assets outside the UK.
Page 13
continued...

The Milford Millenium H#ll and
Community Centre
Notes to the Financial StatemenÉs- continued
for the Year Ended 31 August 2024
14.
STOCKS
2024
2023
Stocks
3.205
2,433
15.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024
2023
Trade debtors
Amounts owed by group undertakings
Other debtors
Pr¢payments and arcrued income
6.318
51,284
1,468
2,131
5.499
58,897
778
1,753
61,201
66,927
16.
CURRENT ASSET INVESTMENTS
2024
2023
Unlisted investments
26,276
17.
CREDITORS: AMOULYfs FALLING DUE WITHIN ONE YEAR
2024
2023
Tradc creditors
Social security and other laxcs
Other creditors
ArGrucd expens¢s
2,629
167
932
7,046
5,015
2,144
10,010
10,774
17,169
18.
LEASING AGREEMENTS
Minimum lease paymenls under non-cancellable operating leas¢s fall due as follows,.
2024
2023
Within one year
Betwcen one and fivc years
11,400
24,349
10,800
33,300
35,749
44,100
Page 14
continued..

The Mllford Millenium Hall and
Community Centre
Notes to the Financial Statements- continued
for the Year Ended 31 August 2024
19.
MOVEMENT IN FUNDS
N¢t
movement
in funds
At
31.8.24
At 1.9.23
Unre$trlcted fund5
General fund
Barry Philips Mcmorial Fund
Zena Newbold LegaLy Fund
Bar & Caf¢ Rcfurbishmenl
Games T¢ible
John Simmons Legacy Fund
775.612
958
7,164
15,000
500
(24.569)
(333)
751.043
625
7,164
(15.000)
{500}
20,000
20,000
799,234
(20,402)
778,832
Restrlcted fund$
Buildin¥ fund
431,042
(9,500)
421,542
TOTAL FUNDS
1.230,276
(29,902)
1,200,374
Net movcmcnt in funds, included in the ¢ibove are as follows:
Incoming
resources
Resources
expended
Movement
in fvnds
Unrestrlcled funds
General fund
Barry Philips Memorial Fund
Bar & Lafe Refurbishment
Games Table
John Simmons Legacy Fund
240,999
(265,568)
(333)
(16,423)
(500)
(24,569)
{333)
(15,000)
(500)
20,000
1,423
20,nOO
262,422
(282,824)
(20,402)
Restrlcted fund8
Building fund
(9,500)
(9,500)
TOTAL FUNDS
262,422
(292,324)
(29,902)
Page 15
continued..

The Milford Mlllenlum Hall gnd
Community Centre
Not¢s to the Flnxncial Statements- continued
for the Year Ended 31 August 2024
19.
MOVEMENT IN FUNDS- continued
Comparatives for movement in funds
Net
movement
in funds
Transfers
between
funds
At
31.8.23
At 1.9.22
Unrestrlcted funds
General ￿lld
Barry Philips Memorial Fund
Zena Newbold LegaLy Fund
Bar & Cafe Refurbishment
Games Table
813,011
1,577
7,164
(38,018)
619
(619)
775,612
958
7,164
15,000
500
15,000
500
821,752
(22,518)
799,234
Restrlcted funds
Building fund
440,542
(9,500)
431,042
TOTAL FUNDS
1,262,294
(32,018)
1,230,276
Comparative net movemcnt in fundy, included in the dbuv¢ are as follows..
Incoming
resources
Resources
expcndcd
Movement
in ￿ndS
Unrestrlcted funds
General fund
Bar & Cafc R¢fMrbishm¢nt
Games Table
2051,366
15,000
500
(246,384)
{38,018)
15,000
500
223,866
(246,384)
(22,518)
Restrlcted funds
Building fund
(9,500)
(9,500)
TOTAL FUNDS
223,866
(255,884)
(32.018)
Page 16
continued...

The Milford Millenium Hall and
CoTnmunity Centre
Notes lo the FinAnLial Statements - continued
for the Year Ended 31 August 2024
19.
MOVEMENT IN FUINDS- continued
A current year 12 months und prior year 12 months combined position is as fullows..
Net
movement
in fi]nds
Transfers
betwcen
fiinds
At
31.8.24
At 1.9.22
Unrestrlcted funds
General fund
Barry Philips Memorial Fund
Zena Newbold L¢gFa¢y Fund
John Simmons Legacy Fund
813.011
1.577
7,164
(62.587)
(333)
619
{619)
751,043
625
7,164
20,000
20.000
821,752
(42,920)
778,832
Restric¢ed funds
Building, fund
440.542
(19,000)
421,542
TOTAL FUNDS
1.262.294
{61.920)
1,200,374
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as
follows..
Invoming
resour¢es
Re8ourLes
expcndcd
MovLmcnt
in funds
Unrestrlcted fi]nd$
(Jeneral lund
Bary Philips Memorial Fund
Bar & Cafe Refurbishment
Games Table
John Simmons Legacy Fund
449,365
(511,952)
(333)
(16,423)
(500)
{62,587)
(333)
16,423
500
20,000
20,000
486,288
(529.208)
(42,920)
R¢strl¢ted funds
Building fund
(19,000)
(19,000)
TOTAL FUNDS
486,288
(548,208)
(61,920)
Designated Funds
Barry Philips Memorial Fund - Designated for a specific purpose by the Trustees within the Youth Group not being
general running costs.
Zena Newbold Legacy Fund - Designated for a specific purpose by the Trustees within the Youth Group not being
general running cosLs.
Bar & Café Refvrbishment- Designated for a specific PUTpose by the Trustee5 for refurbishment of the Bar & Café.
Page 17
continued...

The Milford Mlllenium Hall and
Community Centre
Notes to the Financlal Stalements- continued
for the Year Ended 31 August 2024
19.
MOVEMENT IN FVNt)S- continued
Games Table - Designed for VI specifiL purpose by the Trustees for a Games Table.
John Simmon8 Legacy Fund - Designated for a specific purpose by the Trustees for the audio visual project,
volunteer party and a plaque.
Re$trlcted Funds
Building Fund - Parl of the building asset is held within a restriclcd fund in which a proportion of depreciation is
charged to the fund annually.
20.
RELATED PARTY DISCLOSURES
Included within debtors is an amount of £5 I,284 (2023: £58,897) owed by Milford Millennium Shop Limited, the
trading subsidiary.
During the year Milford Millenium Hall and Community Centre received donated the surplus from the trading
subsidiary Milford Millenium Shop Limitcd of £41,240 {2023.. £3,277) under the deed ofGov¢nanl.
Page 18