Company registration number.. 03718895 Chaflty registration nutnber.. 1075243 The Milford Millenium Hall and Community Centre IA company limited by guarantee) Annual Reporr and Financial Statements for the Year Ended 31 August 2025 TC Group Waverly House 115-119 Holdenhurst Road Bournemouth Dorset 8H8 8DY
The Milford Millenium Hall and Community Centre Contents (continued) Trusiees, Report Ito5 Independent Examiner'5 Report 6t07 Statement of Finaniial Activities Balance Sheet 9tolO Notes to the Financial Statement5 1110 24
The Milford Millenium Hall and Community Cenlre Trustees. Report Ihe trustees, who are directors lor the purposes of company law, present the annual repoft together with the financial statemenis of the chariiable company for the year ended 31 August 2025. Objectives and activities The Charity's airns are to provide and manage a communtrty centre lor the benefit ol the Parish of Millord.on-Sea, Lyrnington, Hampshire and io encourage and promote the personal and soiial development of young people in the Parish. A5 the Trustees ol the Charily. we operate a purpose-built Community Centre which opened in September 2010, and this report is lor our 15th year of operation from this Centre. We achieve our charitable aims bv.. Ollering our facilitie5 lor hire to local organisattons and individuals resulting in a broad range of activities including educational classes.. mv51C. art. drama. dance. exercise and fitness sessions,. meeting room5 for local societies and community support 8roup5. Running a well-staffed Youth Club two evenings a week. The activities ollered are designed to encourage communicaiion a41d conversation a5 well as teaching younger people ski115 for lile. We arrange activities lor children of Prirnary School age durtng the annual holidays. We also run Seahorses Stay and Play group for pre-school children every week which is also very popvlar. Organi5ing a wide range ol activities and entertainment designed lo have broad appeal to all ages and be a local point for the local community. Providing a popular and well-u5ed cale from Monday to Friday, providing free internet lacilities, and also in the evenings, a bar which operaies alongside many of the events. Operating two charity shops in ordei to raise lunds lor the Centre. Governance and Organisation The CharitV'5 governing body is the Board of Trusiees, wtth an elected Chair, which normally meets monthly to discuss operation31 and strategic matre¥s. There are a number of Sub.Committees which report to the Board dealing with more detailed matters related to the ongoing operarion development of the Centre. All TIu5tees appointed are local residents and olien were previously pait of the broad volunteer base that 5upport5 the Charity. We operate two volunteer run Chartty Shops through a trading subsidiary (Milford Millennium Shop Ltdl of which the Community Centre is the sole shareholder. All profits from ihe Subsidiary are distributed annually to the Charity to fufther our community objecrives. Trustees arbd Sub-comtnitiees take responsibility lor managemenl ol the day-to-day operations of the Charity and the tiading subsidiary.. the Charity does not have an appointed Chief Executive or Senior Staff Membe¥. We employed an average ol 11 staff over the finaniial year. this beine a full-iime Caretakor and a part-time caretakei,. 2 part-time Administrators.. a Youth Leadec responsible lof anaging the Youth Club along with 6-7 Youth Workers (al pait-timel. Page I
The Milford Millenium Hall and Community Centre Trustees, Report Icontinuedl Events and Activitie5 We host 3 broad range ol events and activilies throughout ihe yeaf org3nised by ouiselves as well as private individuals, local bustnesses, and lacger orgènisation5.' these include aclivit4e5 such a5.. Ixerci5e. keep-fit, music. choirs, dance and art classes, eic. Regular meetings ol local organisations and interest groups Private events such as weddings. anniversarie5. wakes. children's part elc, rnaking use ol the Hall with the stage and big enough for bouncy castles. bands and discos Private and busine55 Use, for meeting5. conferences. workshops. sales. art exhibitions, etc. Conference5 1 public meetings I workshops I discussions on rnalters such as conservation and local development. We also run a full public entertainment program of music, dance, in-house touring theatre, comedy, opera, cinerna and screenings. We offer a number ol these events with dining prowded, which coupled with our well-stocked bar generates a Significant part of our fundiaising income. Trading Activities We operate two Charity Shops through our trading subsidiè¥y cownpany Milford Millenium Shop Limited IMMSLI. The shop operation each year gifts 311 of it5 profit to MMHCC. Thi5 is an important Part of the funding ol our activities. ènd particularly for investment in further development ol 0r facility and capabilities. The ch3ritY Shop has been operating sinco 2010 from small premises in the cenire ol Milford on Sea. In September 2022 we acquired a second shop in an excellent location Ik>se to the original Shop and the two togethei more than doubles our trading area allowing us to offer a much wider r3rige ol goods and all attractively displayed. Thi5 second Shop opened in April 2023. We have now completed the first lull yeaf of trading from two shops and achieved our highest ever turnover and profit to be gifted to the parent charity MMHCC. Buildings and Facilities We have a high standard ol maintenance for the building and 3re pro-active meeting Health and Sèlety responsibilitie5. iniluding B rolling review of our risk assessment5. We periodically conduct fire risk assessment5 and lull electrical condition surveys of the building and continue to ensure that all equipment is well maintained and replaced where necessary. We continue to invest in our facililies to keep them in lull working orderand attractive for hire¥s and users. Long Term Development The Trustees acquired land adjacent to the Centre in 2016 10 enable luluie expansion. This land is Cufrently used as storage and as a donations receipr and soriinE operation for Ihe charity Shop 5toik. Trustees have recommenced work on how to best Use this land lon8-teim lo fufther the aims ol the charitv. Public benelit T he Charity meets it5 requirement5 to deliver Public Benefit ihrough the bioad range ol SeiCe5 listed above that are provided to the local community Trustee5 have due regard to Ihariiy CDmmission guidance on public benefit. Page 2
The Milford Millenium Hall and Community Centre Trustees. Report (continuedl Use DA volunteers We have a highly active and dedicated ieam ol over 170 volunteers who provide support covering adminisrration, refreshments. gardening. shop. kitchen. technical. and other activities. This enthusiastic svpport has allowed us to operate the Café and Box Office for five days a week and run an extensive piogramme of eventslactivities. We have also had ihe Shop open for an aveiage of 24 days a month. Financial review Not Income in 2024-25 is £346.555, compared to Net IrKome in 2023-24 01 E262.422 which 1$ 32% up on the prior year. The net surplu5lldeficitl in 2024-25 was £70.702. compared to1£29,9021, in 2023-24. an increase of £100,604. Policy on reserves The Milford Millenium and Community Cenire (The Charity) instigated a Reserves Policy in 2013-J4 to dovelop cash resorves against possible risks and longer-term invesiment requirements. This is reviewed annually and is designed to.. l. Create a bu5ine5s interruption reserve which are not covered by insurance 2. Create funding loy future expansion of the Cerbtre 3. Provide a 8ene¥al contingency fund to protect against future income downturn or budget 5hortlall in any operating year. This to includo any additional mainten3nce risks not covered by insurance. This is reflected in the following reserve allocations: Reserves Target and Allocation Target Non insurance covered Bu5ine55 Intefruption £50.(KKI Future Expansion £60,( General Contingency E40.000 Total £150,CK)O The Reserves Policy is reviewed arbnvally. The charitable entity has free reserve5 01 £171.343 as at 31 Au8USt 2025 12024.. £149,504). The Trustee5 consider this level of ie5erves to be sufficient to deliver charitable obje£tives for the next rwelve months. Free reserve5 are calculated by deductbng fixed assets from the unrestricted land de5ignatedl reserves held at the year-end. Goin8 concern I he Trustee5 confirm thar. alte¥ making appfopii3Ee enqviries, they have reasonable expectation that the Charity hès adequate resources to continue in oper31ional exislence for the loreseeable future. For this reason. they continue to adopt the eoing concern basis in prepafing these accounts. Pège 3
The Milford Millenium Hall and Community Centre Trustees, Report lcontinuedl Reference and Administrative Details Charity Registration Number.. 1075243 CompBr¥y Registration Number.. 03718895 Registered Office.. 9 Sea Road Milford on Sea Harnp5hiie S041 OPH Independent Examiner.. TC Group Waverly House 115-119 Holdenhurst Road Bournemouth Dorset BH8 8DY Trustees and officers The trustees and officers SeIng during the year and since the year end were a5 follows.. Trustees.. V S Silander C R Jones P H Ware-Lane M J Walker Iresigned 28 Novembet 20251 O H Whiilo(k L Bagnall J E Parry lappointed 22 January 20251 S E Frèsei R T 8i5hop Ire5igned l December 20251 D H Ellis A Langford lappoinled 28 October 20251 A Gibbs lappointed 28 Ociober 20251 Secretary.. O H whil1k Structure, governance and management Noture 01governing document The charitv 15 controlled by its governing doiument. a deed of trust. and con5titute5 a lsfflited company, limited by guarantee, as dolined by the Companie5 Act 2006. Page 4
The Milford Millenium Hall and Community Centre Trustees. Report {continuedl Recrultment oppointment oJtru5tees Trustees are recruited and appointed when there is a sufficient need or mom on the Board ol Trustees. Induction ot7d tr¢7ining of trustees Trustees are provided with the CC3 document from the Charity Commission or training from existing Trustees or external courses in order to eflectively carry out theii duties as Trustees. Statement of trustee5' responsibilities The trustees (who a¥e a150 the di¥eciors ol The Milford Millenium Hall and Community Centre for the purp05e5 ol company lawl are re5pon5ible for PTepaiing the rrustees, report and Ihe financial 5taternents in accordance with applicable law and United Kingdom Accounting Standards (Unired Kingdom Generally Accepted Accounting Praiticel. including FRS 102 'The Financial Reporting Standwd applicable in the UK and Republic ol Ireland" Company law requires the trusiees io prepare financial statements lor each financial year. Under company law the trustees must not approve the financial statements vnles5 they are satisfted that they give a true and lair view of the state of affairs of the charitable company and ol the irKoming resources and application of resources, including its income and expen(Jiture. of the chariiable cornpany lor thai period. In preparing these financial statements, the trustees are required to: select suitable accounting policie5 and apply them con51Stentlv.' observe the methods and priniiples in ihe Charitios SORP- make judgements and e5timate5 thai are reasonable and prudent.- State whether applicable accounting standards, comprising FRS 102 have been followed. subject to any material depariures disclosed and explained in rhe financial 5tatements.' and prepare the financial statements orh the going concern basis unles5 It is inappropriate to presume that the charitable company will continue in business. The irustees are re5pon5ible for keeping proper accounting records that can di5cIoge with reasonable accuracy at any time rhe financial p05ttion of the charitable company and enable them to ensure that the financial statements comply with the Companies Aci 21J)6. They are also responsible for 531egu3rding the assets ol the charitable company and hence for taking reasonable steps for the prevention and detection ol fraud and other The trustees are responsible lor the maintenance and inlegrity of the corporate and financial inlorrnation included on the charitable company's website. legi51alion governing the preparation and dissemination ol financial Statements may diller Iiom legislation in other juiisdicrions. The annual report was appfoved by rhe trustees of the charity on nd signed on its behalf by.. O H Whitlock Cumpany socretary and trustee Page 5
The Milford Millenium Hall and Community Centre Independent Examiner's Report to the trustees of The Milford Millenium Hall and Community Centre {'the Company'l I report to the charity trustees on my examinarion ol the accounts ol the Company for the year ended 31 August 2025. Responsibilities and basis of report As the charity's trustees of the Company land also its directors for the purposes of iompany lawl you are responsible lor the prepar31ion of the accounts in 3ccordance with the reouirements ol the Companies Act 20061'the 2006 Act'l. Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 01 the 2006 Act and are eligible for independent examination. I report in resptyi ol my examination of your charitV'5 accounts as carried our undef secrion 145 of the Charities Act 20111.the 2011 Aci'l. In carrying out rnv exarnination I have followed the Directions given by the Charity Commission under section 14515llbl of the 2011 Act. Independent examinerfs statement Since the Company's gross income exceeded £250.(KM) your exaffliner must be a member of a body listed in secrion 145 01 the 2011 Act. I confirrn that l am qualified to undertake the examination because l am a mernber of , which 15 one ol the listed bodies. I have cornpleted my examination. I confirm ihat no wnatier5 have come io my atiention in connection with the exarnination giving me cause to believe.. l. accounting record5 were not kept in respect of The Milfoid Millenivm Hall and Community Centre as required by Section 386 of the 2(M)6 Act," or 2. the accounts do not accord with those records,. or 3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement Ihar the accounrs give a 'true and fair view. which is rLOt a malter considered as part of an independent examination- or 4. the accounts have not been prepared in accordance with ihe methods and piinciples of the Statement of Reiommended Practice lor accounting and reporting by charities [aPIcable to chaiitie5 preparing their accounts in accordance with the Financial Reporting Standard applIcae in the UK 3nd Republic of Ireland IFRS 10211. I have no concern5 and have come across no other matters in conneition with the examination to which attontion should be d¥awn in this report in order to enable a proper understanding of the accounts to be reached. l M Rodd Bsc FCA FCCA Waverly House 115-119 Holdenhurst Road Bournemouth Dorset BH8 8DY Page 6
The Milford Milleniurn Hall and Community Centre Independent Examiner's Report to the trustees of The Milford Millenium Hall and Community Centre ('the Company,) Icontinuedl Date.. Page 7
The Milford Millenium Hall and Community Centre Statement of Financial Activities for the Year Ended 31 August 2025 Ilncluding Income and Expenditure Account and Statement ol Total Recognised Gains and Losses) Unrestricted funds Restricted funds Total 2025 Total 2024 Note Income and Endowments from.. Donètions and legacies Other trading activities Investment income 128.135 213.518 4.539 363 128,135 213.518 4.539 363 74.670 183.875 3.877 Other incotne Total income 346.555 346,555 262.422 Expendlture on- Raising funds Charitable activities 187.7781 1178.5751 187,7781 1188.0751 178,4321 1213,8921 19,SCQI Total expenditure 1266,3531 19.5(K)I 1275.8531 1292,3241 Net incomellexpenditurel 80,202 19.5CK)I 70.702 129,9021 Net movement in fund5 80.202 19,5(KJl 70.702 129,9021 Reconiiliation of lunds Total funds brought forward 778.832 421.542 I.2,374 1,230.276 Total funds carried forward 22 859.034 412,042 1.271,076 1,200,374 All of the charity'5 activities derive from continuing operations during the above two periods. The fund5 breakdown for 2024 15 shown in note 22. The notes on paees 11 to 24 loim Bn integral part ol these financial statement5. P3ge 8
The Milford Millenium Hall and Community Centre (Registration number: 03718895) Balance Sheet as at 31 August 2025 2025 2024 Note Unre5trlcted Restricted Fixed assets Tangible assets Investments 14 GO9.)1 408.543 1,018.444 1.019,581 15 609.902 408.543 1.018,445 J,019,582 Curlent assets Stocks 16 3,102 34,411 3,102 34.411 3,205 61,201 26,276 l(X).884 Debtors 17 Investments 18 Cash at bank and in hand 219.837 3.499 223,336 257,350 3.499 260,849 191.566 Creditors.. Amounts falling due within one year 19 18.2181 18,2181 110,7741 Net current assets 249.132 3,499 252.631 180,792 Total assets less current 859,034 412.042 1.271.076 1.200,374 Net assets 859.034 412,042 1,271.076 1.200,374 Funds of the charity: Restritted income funds Restricted funds 412.042 421,542 Unrestricted income funds Unrestricted funds 859,034 778,832 Total lund5 22 1.271.076 1,200,374 For the financial year ending 31 August 2025 the chafity was entiiled to exemption Irom audit under Section 477 01 the Companies Act 20()6 ielating to sm311 companies. Directors. responsibilities: The niember5 have not required the chariiy to obiain an audit of lis accounts for the year in question in aciordance with section 476.. and The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accour¥ting records and Ihe prepaiaiion of accounts. These financial statements have been prepare(S in accordance wth the special provisions relating to cornpanies subject io the 5fflall companies regime within Part 15 of the Companies Act 2006. The notes on page$ 11 to 24 form arb inregial part of ihese financial stateThents. PaEe 9
The Millord Millenium Hall and Community Centre (Registration number: 03718895) Balance Sheet as at 31 August 2025 (continued} The financial statements on pages 8 to 24 were approved by the trLfrStees. and authorised for i55ue on '.i& and signed orb their behall by.. L 8agnall Z" Trustee The notes on pages 1110 24 lorm an integral part of these financial siatements. Page 10
The Milford Millenium Hall and Community Centre Notes to the Financial Statements for the Year Ended 31 August 2025 l Legal Form Milford Millenium Hall and Cotllmunity Centre is a charily regisiered in the UK and is a company limited by guarantee. registered in England and Wale5. Fufther details on page 4. 2 Accountin8 policies Summary ol signifl¢anl accounting policie5 and key accounting estimates The principal accounting policies applied in the preparatiorb of these financial statements are set out below. These policies have been consistently applied to all the years presented. unless otherwise stated. Statement of compliance The financial statements have been prepared in accordance with Aicounting and Reporting by Charities.. Statement of Recommended Practice lapplicable to charrties preparitig iheif accounts in accordance with the Financial Reporting Standard applicable in the UK ènd Republic of Ireland IFRS 10211 Iissued in October 20191 Ichariries SORP IFRS 10211. the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 and the Companies Act 2(Kb6. Basis ol preparation The Milford Millenium Hall and Community Centfe meets the definition ol a public benefit entity under FRS 102. Assets and liabilities are iniiially recogntsed at historical cost or tr3n5action value unless otherwise srated in the relevant accounting poliiy notes. Gotng concern The trustees consider that there are no mateiial unceriainties about the charitvs ability to continue as a going concern noi any significant are35 01 unceriainty that allect the carrying value ol assets held by the chaiity. Exemption from preparlng a cash flow statement The charity opted to early adopt Bulletin I published on 2 Febrvary 2016 and have theielore not included a cash flow statement in these financial statemenis. Income and endowment5 All income is recoBnised once ihe charity ha5 entitlemeni to the income, il is probable ihat the income will be received and the amount of the income receivable can be measured relkAbly. Pagell
The Milford Millenium Hall and Community Centre Notes to the Financial Statements for the Year Ended 31 August 2025 Icontinuedl 2 Accounting policies Icontinuedl Donutions undlegocies Donations are recognised when ihe charity ha5 been notified in writing ol both the amount and settlement date. In the everit that a donation is subjecr 10 conditions that require a level ol performance by the charity beloie the charity is entitled ro the fvnds. the income is deleired and not recognised until either those conditions are lully met. or the lulfilmeni of those conditions is wholly vriihin the control ol the charity and it IS probable rhat these condition5 will be fulfilled in the reporting period. Legacy gifts are recognised on a case by case basis following the grant of probate when the administratorlexecutor lor the esiaie has communicated in wfiting both the amount and settlement date. In the oveni that the gilt is in the forrn of an asset other than cash or a financial a55et traded on a recognised Stock exchange. recognition bs Sble(t to the value of the gift being reliably measurable with a degree ol reasonable accuracy and the title to the assei having been iransfe¥red iothe charity. Gronts receivoble Grant5 are recognised when the charity has an entiilement to the lunds ènd any conditions linked to the giant5 have been met. Where performance conditions are attached to the granl and are yet to be mei, the income is recognised as a liability and included on the balance sheet as deferred irKorne to be released. Investment income Dividends ale recognised once the dividend has been declared and rotilication has been receNed of the dividend due. Expenditure All expenditure is recognised once there is a legal or constructive obligation to that expenditure. it is probable settlement is required and the amount can be measured reliably. All 105ts are allocated to the applicable expenditure heading that aggregate similar costs EO that category. Where costs cannot be directly attributed to p3rticular headings they have been allocated on a basis tonsistent with the use of resources, with central staff COSts allocared on the basis ol time spent. and depreciation charges all(Kated on the portion ol the asset's use. Other support Costs are allocated based on the spread of staff costs. RutSAll91unds These are c05t5 incurred in attracting voluntary income. the management ol investments and those in(rred in trading activities that raise funds. Churituble tsctlVAtie5 Charitable expenditure comprises those costs incurred by the charity in the delivery of it5 activities and service5 lor its boneficiaries. li inclvdes both costs rhat can be alloiated direcily to such activities and those COSts of an indirect nature ne£es5ary to Support them. Support costs Support C05t5 include central function5 and have been allocated to aitivity lost categorie5 on a basis consistent with the use ol resources, lof example. allocating piopertv C05t5 by floor area5. or per iapita, stall cost5 by the time speni and other cosls by Iheir usage. Page 12
The Milford Millenium Hall and Community Centre Notes to the Financial Statements for the Year Ended 31 August 2025 Icontinuedl 2 Accounting policies Icontinuedl Governance costs These incluc5e the costs atiributable to the charitrf5 compliance with constitutional and statutory requirements. including audit, strategbc management and trustee5 meetings and ieimbuf5ed expenses. Taxation The charity is considered to pass the test5 set out in Paiagraph I SChede 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation ta% purposes. Accordingly, the charity is potentially exempt from taxation in respect ol income OT lapltal gains received within categories covered by Chaprer 3 Part 11 ol the Corporalion Tax Act 2010 or Section 256 of the Taxation ol Chargeable Gains Act 1992, to the extent that svch income or gains aTe applied exclusively io charitable pu¥p05es. Tangible FSxed Assets Depreciation is provided on tangible fixed assets so as to wiile off the c05t or valuation. less any estimated residual value. over their expected useful economic life as follows.. Asset Class Freehold Property DePrlatIon method and late 2%on cost Plant and Machinery 33% on c05t, 20% on lost and IO% on £05t Fixed asset Investments Interesrs in subsidiaries are initially measured at C05t arbd subsequently measured at cost less any accuniulated impairtnent losses. The investme15ts are assessed lor impaiTment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss. A subsidiary is an entity controllecl by rhe company. Contiol is the power to govern the financial and operating policies of the entily so as to obtain benelifs from its activities. Curient asset investmerlts Current asset investments are included al the lower of cost and net realisable vèlue / rnafket value. Current asset investments are made up ol liquid inve5tmenis held with a Maturity date longer than 3 months but less than 12 rnonihs from the opening of the account. Stock Stocks are valued at the lowef of cost and nei realisable value. after making tlue allowance for obsolete and slow moving items. Page 13
The Milford Millenium Hall and Community Centre Notes to the Financial Statements for the Year Ended 31 August 2025 {continuedl 2 Accounting policies Icontinuedl Tfade debtofs Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business. Trade debtor5 are recognised inbtially at the transacliorb price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision lor rhe impairment of trade debtors is established when there is objeciive evidence ihat the charity will not be able to collect all amount5 due according to the original terms of ihe receivables. Cash and cash equivalents Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the dare ol acquisition or opening of the dep051t or 5ifflilar account. Trade creditors Trade creditor5 are obligation5 to pay lor goodg or services rhai have been acquired in the ordinary course ol business from suppliers. Accounts payable are classilied as curient liats-lities if the charity does not have an unconditional right, at the end of rhe repoiting period, to delor sottlernent of the Ifeditor lor at leasi twelve tnonth5 after the reporting date. 11 there is an unconditional righr io defer settlement for at least twelve month5 after the reporting date, they are presented as non-current liabiliiies. Tiade creditor5 are recognised initially at the transaction price and subsequently measured at arnortised c05t usirig the ellective interest meth(Kl. Fund structure Unrestricred income funds are general fvnds that are available for use al the trustees discretion in furthefance of the objectives ol the charitv. Designated funds are unrestricted funds set aside for specific purposes at the disiretion of the trusiees. Restricted income funds are those donated for use in a particular area or for Specific purposes. the use of which 15 restricted to that area or purpose. Pensions and other post retiremenl obligation5 The charity operaits a defined contribution pension scheme which is a pension plan nder whiih fixed contribuiions are paid into a pension fund and the chafity has no legal or constructive obligation to pay further contributions even il ihe fund does not hold svfficient a55eis to pay all employees the benefit5 relating to employee service in the current and prio¥ periods. Contributions to delinod contribution plan5 are recoEnised in the Statement of Financial Activitie5 when they are due. 11 contribution paymenis exceod the contribution due for Sei[e. the excess is rccognised a5 a prepayment. Page 14
The Milford Millenium Hall and Community Centre Notes to the Financial Statements for the Year Ended 31 August 2025 Icontinuedl 3 Income from donation5 and legacies Total 2025 Total 2024 Donations and legacies,. Donat10115 frotn individuals 123.128 44.909 20,(M)O 4.761 5,000 Legacies Gilt aid reclaimed Grants. including capital grants S.(X)7 128.135 74,670 4 Income from other trading activities Total funds Total 2024 Hall and facilities hire Bar and cafe 48,676 66.270 98.572 46,726 54.700 82,449 Fundrdising events 213.518 183,875 S Investment income Total 2025 Total 2024 Interest receivable ènd simila¥ income- Interest receivable on bank deposils 4,539 3,877 6 Expenditure on raising funds al Other trading activities Total 2025 Total 2024 Purchases 87.778 78,432 Page IS
The Milford Millenium Hall and Community Centre Notes to the Financial Statements for the Year Ended 31 August 2025 {continuedl 7 Expenditure on charltable attivities Total 2025 Tolal 2024 Note Overhoads Staff costs 35,462 80.669 59.248 12,696 33,884 78,673 86,071 15,264 Allocated support Costs Governance costs 188.075 213,892 In addition to the expenditure analysed above. there are also governance costs of £12,69612024 - £15.2641 which relate directly to charitable activitie5. See note 8 for further detail5. Page 16
The Milford Millenium Hall and Communily Centre Notes to the Financial Statements for the Year Ended 31 August 2025 {continuedl 8 Analysis of governance and support tosts Support costs allocated to charitable activitie5 Governènce costs Administration costs Other support costs Total 2025 Charitable aitivilv 12.696 Governance costs 43.149 Administration C05t5 16.099 Other support costs 71,944 Total 2024 Charitable activity 15.264 72.367 13.704 101,335 Governance costs Total 2025 Total 2024 Accountancy 3Trd legal lees 12.696 15,264 12,696 15,264 9 Net incomingloutgolng $ourCeS Nei incominglloutgoingl resources for ihe year include= 2025 2024 Depieciaiion of fixed assets Independent examination fee 25.731 2,934 29,636 2,992 10 Trustees remuneration and expense5 Thoro were no trustees, expenses or remunerarion paid for the year ended 31 August 2025 nor lor the year ended 31 August 2024. Page 17
The Milford Millenium Hall and Community Centre Notes to the Financial Statements lor the Year Ended 31 August 2025 {continuedl 11 Staff costs The aggregate payroll cosrs were as follows.. 2025 2024 Staff costs during the year were: Wage5 and salaries Social security costs Pension costs 79.089 13 77.274 1.567 1,399 80,669 78,673 The monthly average number of person5 lincludin6 Senior wnanagemeni / leadership tearnl employed by the charity during the year expressed as fvll rime eouivalents was as follow5.. 2025 No 20Z4 Headcount li io No employee received ernoluments of fflore than E60.(M)O during the year. Page 18
The Milford Millenium Hall and Community Centre Notes to the Financial Statements forthe Year Ended 31 August 2025 {continuedl 12 Taxation The chaiity 15 a registered charity and is therefore exempt from taxation. 13 Comparatives for the statement of financial activitles Unrestricted funds Restricted funds Total 2024 Note Income and Endowments from: Donations and leEac¢es Other trading activities Investment income 74.670 183.875 3.877 74,670 183,875 3,877 Total income 262.422 262.422 Expendituie on.. Rai51ng funds Charitable activities 178.4321 1204,3921 178.41321 1213,8921 19.5001 Total expenditure 1282,8241 19,5(K)I 1292,3241 Net expenditure 120.4021 19.5001 129.9021 Net movement in fund5 120,4021 19.5001 129.9021 Reconciliation of funds Total funds brought forward 799.234 431,042 1,230,276 Total funds iarried lorwar(5 22 778.832 421.542 1.200.374 Page 19
The Milford Millenium Hall and Community Centre Notes to the Financial Statements for the Year Ended ai August 2025 (continued) 14 Tangible fixed assets Land and buildin8$ Furrtiture and equipment Total Cost At I September 2024 Additions 1.216.446 182,972 24.594 1,399,418 24,594 At 31 August 2025 1,216,446 207.566 1,424.012 DepreciatSon At I Septetnbef 2024 Charge for the year 215,630 18.086 164.207 7,645 379.837 25.731 At 31 August 2029 233.716 171.852 405,568 Net book value At 31 August 2025 982.730 35.714 1,018,444 At 31 AuEUSt 2024 I,¢XM),816 18.765 1,019.581 15 Fixed a55et investments Z025 2024 Shares in group undertakings and participatinE interests Share5 in group undertakings and participating interests Subsidiary undertakings Total Cost At I September 2024 At 31 August 2025 Nel book value At 31 August 2025 At 31 August 2024 There are no investment assets outside the UK. Page 20
The Milford Millenium Hall and Community Centre Note5 to the Financial Statements for the Year Ended 31 August 2025 {£ontinued) 16 Stock 2025 2024 Stocks 3.102 3.205 17 Debtors 2025 2024 Trède debtors 4,192 27.032 2,710 477 6.318 51.284 Due from group vndertakings prpaYmentS Oiher debtor5 2,131 1.468 34,411 61,201 18 Current asset investments 2025 2024 Unlisted investments 26.276 Page 21
The Milford Millenium Hall and Community Centre Notes to the Financial Statements for the Year Ended 31 August 2025 (continued) 19 Creditors.. amounts falling due within one year 2025 2024 Trade Cfeditors 2,184 1,229 1,569 3.236 2,629 167 Other taxation and social security Other creditors Accruals 932 7,046 8.218 10,774 20 Obligations under leases and hlre purchase Contracts Opeiating lease commitments Total future minimum lease payments under non-cancellable operating lease5 are as follows.. 2015 2024 Land ènd buildings With1n one year Between one and live years 11,400 12.950 11.400 24,349 24.350 35,749 The amount ol non-cancellable operating lease payments recognised as an expense during the year wa5 E13,58712024- £11.3501. Included in the above is the lease for Church Hill which is occupied by rhe trading subsidiary Milford Millenium Shop Limited for the purpose of trading.. and the rent. although paid by the parent Ih3rity The Milford Millennium Hall and Community Centie is settled by inter-company ariangement by Milford Millenium Shop Lirnited. 21 Pension and other schemes Defined contfibution pension scheme The charity operates a defined conlribution pension scheme. The pension cost charge lor the year represents contribution5 payable by the charity to the siheme and amounted to £1.56712024 11,1991. Page 22
The Milford Millenium Hall and Community Centre Notes to the Financial Statement5 for the Year Ended 31 AuEUSt 2025 (continued) 22 Funds B31ance at I September 2024 Balance at 31 August 2025 Incoming resource5 Resovrces experlded Transfers Unrestricted funds Generol General fund Bariy Phillips Memori31 Fund 751.043 276.555 1266,3531 20,CKM) 781.245 625 625 Zena Newbold Legacy Fund John Simmon5 Legacy Fund Church Hill Freehold Fund 7,164 20.1 7,164 120.IJ)01 70,(MXJ 70,000 778.832 346.555 1266.3531 859,034 Restricted fvnds Building Fund 421.542 19,5rx)} 412.042 Total funds 1,2(KJ,374 346.555 1275,8531 1.271,076 Balance at I September Z023 Incoming resources Resources expended Balance at 31 August 2024 Unrestricted fund5 Gerieral fund 775.612 958 240.999 1265.5681 13331 751,043 Barry Phillips Memorial Fund Zena Newbold Legacy Fund Bar & Cale Refurbishmenl 625 7.164 15.(MX 500 7,164 1.423 116.4231 15Cx)I Games Table John Simmons Legacy Fund 20.¢XK> 20,000 799.234 262.422 1282.8241 778,832 Re5tfl£ted funds Building Fund 431.042 19,5001 421,542 Total funds 1.230,276 262.422 1292,3241 1,200,374 Page 23
The Milford Millenium Hall and Community Centre Notes to the Financial Statements for the Year Ended 31 August 2025 (continued) 22 Funds Icontinuedl The specific purposes lor which the funds are ro be applied a as follow5- Barry Philips Memorial Fund De5ignBted for a specific purpose by the Trustees within the Youth Group not being general iunning costs. Zena Newbold Legacy Fund Designated for a specific purpose by the Trustees within the Youth Group not being general running costs. Bar & Café Refurbishment - Designated for a specific purpose by ihe Trustees lor refuibishment ol the Bar & Calé. Games Table Designed for a specific purpose by the Trustees for a Games Table. john Simmons Legacy Fund - Designated for 3 specific purpose by the Trvstees for the audio visual project, volunteer party and a plaque. Church Hill Freehold Fund - Designated lor a specific purpose by the Trustee5 towards the purchase of the freehold at Church Hill. Restricted Fund The Building fund holds a proportion ol the value of the asset1£475.(MM)l and depreciation 15 charged proportionally into this fund ènnvally based on 50 year straight line method, against the building c05t. (£9,500 per yearl A transfer between the general fund and the John Simmons Legacy Fund has £rred to recogni5e the lullilment of the designation through the purchase ol fixed assets held vnthin the general fund. 23 Related party tiansactlons During the year ended 31 August 2025. trustees donared a total of £69.(KKJ12024.. £nill without condit¥on5. During the year ended 31 August 2025. the son of a TIu51ee was reimbursed £1,75212024..£1,7601 lor his role as Bar Manager. Included within debtor5 is an amount of E27.03212O24..E51.2841 owed by Milford Millenium Shop Limited, the trading subsidiary. During the year Milford Millenium Hall and Community Contre received donated surplus from the trading subsidiary Milford Millenium Shop limited ol E43.84812024..£41.2401 urKSe¥ the deed ol covenant. Page 24
The Milford Millenium Hall and Community Centre Detailed Statement of Financial Activities for the Year Ended 31 August 2025 Total 2025 Total 2024 Income and Endowment5 from- Donatioris and legacies lanalysed below) Other trading activitie5 lanaly5ed below) Investment income13naly5ed below) Other income lanalysed below) 128.135 74,670 183,875 3.877 213,518 4.539 363 Total income 346.555 262,422 Expenditure on.. Raising lund5 lanalysed belowl Charitable activitie5 lanalysed below) 187.7781 1188,0751 178,4321 1213,8921 Total expenditure 1275,8531 1292.3241 Net incomellexpenditurel 70,702 129,9021 Net movement in lund5 70.702 129.9021 Reconciliation of funds Total funds brought forward 1,2CKJ,374 1.230,276 Total l(Jnds carried forward 1.271,076 1,200,374 This page does not loim part ol ihe statutory financia1 staiement5. Page 25
The Milford Millenium Hall and Community Centre Detailed Statement of Financial Activities for the Year Ended 31 August 2025 Icontinuedl Total 2025 Total 2024 Donations und legocies Appeals and donations Donation from irading sub Trusts and foundations 79,280 43,848 3,669 41,240 5,000 4.761 Gifi aid reclaimed 5.IK)7 128,135 54.670 Other troding octlvltles Fundraising events 98.572 48.676 66,270 82,449 46,726 54,7(K) Bar and cale 213,518 183,875 Investment income Interest on cash deposits 4,539 3,877 4,539 3,877 Other Income Other Income 363 363 Rolsinglund5 Purchases 187,7781 178,4321 187,7781 178,4321 Cljurituble activitte5 Rate5 and water 12.6931 111,3671 110,9941 17101 13,4921 15,2911 1421 18731 179,0891 11.8661 111,4511 18,7131 15671 14,0881 16,0281 17201 14511 177,2741 Insurance Light and heat Phone and internet Advertising Computer expense5 Stall training Sundries Wages and salaries Stall NIC (Employersl Staff pensions lemployersl Accountancy and legal lees Accountancy fees 11,5671 11,3991 11,9971 113,2671 112,6721 This page does not form part ol the statulory fina ial 5taternent5. Page 26
The Millord Millenium Hall and Community Centre Detailed Statement of Financial Activities for the Year Ended 31 August 2025 Icontinuedl Total 2025 Total 2024 Legal and professional lees Rep3ir5 and mainte¥sanie Allocated support costs Depreciation ol tangible fixed assets 1241 117.4171 116.1(X)I 125,7311 142,7311 113.7041 129,6361 1188,0751 1213,8921 This page does not form parl ol the statutory linanchal 5t3tements. Page 27