**REGISTERED COMPANY NUMBER: 03849276 (England and Wales) REGISTERED CHARITY NUMBER: 1089878** Report of the Trustees and Unaudited Financial Statements for the Year Ended 30 September 2020 for The Millennium Centre (St. Helens) Ltd GR Taylor & Co Accountants 54-56 Ormskirk Street ST HELENS Merseyside WA10 2TF The Millennium Centre (St. Helens) Ltd Contents of the Financial Statements for the Year Ended 30 September 2020 |||Page|| |---|---|---|---| |Report of the Trustees||1|| |Independent Examiner's Report||2|| |Statement of Financial Activities||3|| |Balance Sheet|4|to|5| |Cash Flow Statement||6|| |Notes to the Cash Flow Statement||7|| |Notes to the Financial Statements|9|to|15| |Detailed Statement of Financial Activities|16|to|17| The Millennium Centre (St. Helens) Ltd ## Report of the Trustees ## for the Year Ended 30 September 2020 The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 30 September 2020. The trustees have adopted the provisions of 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 (FRS 102) (effective 1 January 2019). ## **STRATEGIC REPORT** ## **STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document** The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006. ## **REFERENCE AND ADMINISTRATIVE DETAILS** ## **Registered Company number** 03849276 (England and Wales) ## **Registered Charity number** 1089878 ## **Registered office** The Millennium Centre Corporation Street St Helens Merseyside WA10 1HJ ## **Trustees** Mr A N Richards Mr N Wilding Mrs J P Jackson Mr R W Barton Mr P C Girling Mr R Watson Mr P R Sanderson (appointed 13.3.20) (resigned 4.8.20) ## **Company Secretary** Dr P H Richards ## **Independent Examiner** Sarah Nichols FCCA GR Taylor & Co Accountants 54-56 Ormskirk Street ST HELENS Merseyside WA10 2TF Report of the trustees, incorporating a strategic report, approved by order of the board of trustees, as the company directors, on ............................................. and signed on the board's behalf by: ........................................................................ Mr A N Richards - Trustee Page 1 Independent Examiner's Report to the Trustees of The Millennium Centre (St. Helens) Ltd **Independent examiner's report to the trustees of The Millennium Centre (St. Helens) Ltd ('the Company')** I report to the charity trustees on my examination of the accounts of the Company for the year ended 30 September 2020. ## **Responsibilities and basis of report** As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act'). Having satisfied myself that the accounts of the 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 charity's accounts 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 examiner's statement** Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a registered member of FCCA which is one of the listed bodies. I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe: 1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 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 that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or 4. the accounts 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 their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)). I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Sarah Nichols FCCA GR Taylor & Co Accountants 54-56 Ormskirk Street ST HELENS Merseyside WA10 2TF Date: ............................................. Page 2 The Millennium Centre (St. Helens) Ltd ## Statement of Financial Activities ## for the Year Ended 30 September 2020 |Notes
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
2
**Charitable activities**
5
Management charges
Millennium Centre Tenants
Other trading activities
3
Investment income
4
**Total**
**EXPENDITURE ON**
Raising funds
6
**Charitable activities**
7
Management charges
Millennium Centre Tenants
Other
**Total**
**NET INCOME**
**RECONCILIATION OF FUNDS**
**Total funds brought forward**
**TOTAL FUNDS CARRIED FORWARD**|Unrestricted
funds
£
68,839
40,717
-
633
18,530
128,719
1,183
37,647
-
83,936
122,766
5,953
1,129,598
1,135,551|Restricted
funds
£
-
-
416,467
-
32,574
449,041
-
12,022
399,467
-
411,489
37,552
188,089
225,641|Year Ended
30.9.20
Total
funds
£
68,839
40,717
416,467
633
51,104
577,760
1,183
49,669
399,467
83,936
534,255
43,505
1,317,687
1,361,192|Period
1.10.17
to
30.9.19
Total
funds
£
61,676
45,925
446,887
5,148
64,498| |---|---|---|---|---| |||||624,134
3,539
65,290
444,887
76,412| |||||590,128| |||||34,006
1,283,681| |||||1,317,687| The notes form part of these financial statements Page 3 The Millennium Centre (St. Helens) Ltd ## Balance Sheet |30 September 2020
Notes
**FIXED ASSETS**
Tangible assets
12
Investments
13
**CURRENT ASSETS**
Debtors
14
Cash at bank and in hand
**CREDITORS**
Amounts falling due within one year
15
**NET CURRENT ASSETS**
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
**NET ASSETS**
**FUNDS**
16
Unrestricted funds
Restricted funds
**TOTAL FUNDS**|Unrestricted
funds
£
322,227
100
322,327
(66,647)
908,587
841,940
(28,716)
813,224
1,135,551
1,135,551|Restricted
funds
£
-
-
-
225,641
-
225,641
-
225,641
225,641
225,641|30.9.20
Total
funds
£
322,227
100
322,327
158,994
908,587
1,067,581
(28,716)
1,038,865
1,361,192
1,361,192
1,135,551
225,641
1,361,192|30.9.19
Total
funds
£
332,090
100
332,190
424,250
619,465
1,043,715
(58,218)
985,497
1,317,687
1,317,687
1,129,598
188,089
1,317,687| |---|---|---|---|---| The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2020. The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2020 in accordance with Section 476 of the Companies Act 2006. The trustees 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 and - (b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company. The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by: The notes form part of these financial statements continued... Page 4 The Millennium Centre (St. Helens) Ltd Balance Sheet - continued 30 September 2020 ............................................. Mr A N Richards - Trustee The notes form part of these financial statements Page 5 The Millennium Centre (St. Helens) Ltd ## Cash Flow Statement ## for the Year Ended 30 September 2020 |Year Ended
30.9.20
Notes
£
**Cash flows from operating activities**
Cash generated from operations
1
300,100
Net cash provided by/(used in) operating activities
300,100
**Cash flows from investing activities**
Purchase of tangible fixed assets
(10,978)
Net cash used in investing activities
(10,978)
**Change in cash and cash equivalents in**
**the reporting period**
289,122
**Cash and cash equivalents at the**
**beginning of the reporting period**
619,465
**Cash and cash equivalents at the end of**
**the reporting period**
908,587|Period
1.10.17
to
30.9.19
£
(124,414)
(124,414)
(23,094)
(23,094)
(147,508)
760,199
619,465| |---|---| The notes form part of these financial statements Page 6 The Millennium Centre (St. Helens) Ltd Notes to the Cash Flow Statement for the Year Ended 30 September 2020 ## **1. RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES** |Year Ended
30.9.20
£
**Net income for the reporting period (as per the Statement of Financial**
**Activities)**
43,505
**Adjustments for:**
Depreciation charges
20,841
Decrease/(increase) in debtors
265,256
Decrease in creditors
(29,502)
**Net cash provided by/(used in) operations**
300,100|Period
1.10.17
to
30.9.19
£
34,006
21,664
(160,815)
(19,269)| |---|---| ||(124,414)| ## 2. **ANALYSIS OF CHANGES IN NET FUNDS** ||At 1.10.19|Cash flow|At 30.9.20| |---|---|---|---| ||£|£|£| |**Net cash**|||| |Cash at bank and in hand|619,465|289,122|908,587| ||619,465|289,122|908,587| |**Total**|619,465|289,122|908,587| The notes form part of these financial statements Page 7 The Millennium Centre (St. Helens) Ltd Error Messages from the Cash Flow Statement for the Year Ended 30 September 2020 ** LAST YEAR - MOVEMENT IN CASH AND CASH EQUIVALENTS AS CALCULATED IN CASH FLOW STATEMENT DOES NOT AGREE TO MOVEMENT PER BALANCE SHEET COMPARE MOVEMENT ON CASH FLOW STATEMENT (147,508) TO MOVEMENT PER BALANCE SHEET CASH AND CASH EQUIVALENTS (140,734) The Millennium Centre (St. Helens) Ltd ## Notes to the Financial Statements ## for the Year Ended 30 September 2020 ## **1. ACCOUNTING POLICIES** ## **Basis of preparing the financial statements** The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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 (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value. ## **Income** All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. ## **Expenditure** Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. ## **Tangible fixed assets** Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. |Land & buildings|- 5% on cost and in accordance with the property| |---|---| |Fixtures and fittings|- 10% on reducing balance| ## **Taxation** The charity is exempt from corporation tax on its charitable activities. ## **Fund accounting** Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. ## **2. DONATIONS AND LEGACIES** |**DONATIONS AND LEGACIES**||| |---|---|---| |||Period| |||1.10.17| ||Year Ended|to| ||30.9.20|30.9.19| ||£|£| |Donations|68,839|61,676| continued... Page 9 The Millennium Centre (St. Helens) Ltd Notes to the Financial Statements - continued for the Year Ended 30 September 2020 |**3.**
**OTHER TRADING ACTIVITIES**
Year Ended
30.9.20
£
Fundraising events
633
**4.**
**INVESTMENT INCOME**
Year Ended
30.9.20
£
Rental income
46,154
Investment income
4,950
51,104
**5.**
**INCOME FROM CHARITABLE ACTIVITIES**
Year Ended
30.9.20
Activity
£
Management charges
Management charges
40,717
Services charges tenants
Millennium Centre Tenants
416,467
457,184
**6.**
**RAISING FUNDS**
**Raising donations and legacies**
Year Ended
30.9.20
£
Fundraising costs
1,183|Period
1.10.17
to
30.9.19
£
5,148
Period
1.10.17
to
30.9.19
£
58,348
6,150
64,498
Period
1.10.17
to
30.9.19
£
45,925
446,887| |---|---| ||492,812| ||Period
1.10.17
to
30.9.19
£
3,539| continued... Page 10 The Millennium Centre (St. Helens) Ltd Notes to the Financial Statements - continued for the Year Ended 30 September 2020 ## **7. CHARITABLE ACTIVITIES COSTS** |**CHARITABLE ACTIVITIES COSTS**|| |---|---| |Management charges
Millennium Centre Tenants|Direct
Costs
£
49,669
399,467| ||449,136| ## **8. NET INCOME/(EXPENDITURE)** Net income/(expenditure) is stated after charging/(crediting): |||Period| |---|---|---| |||1.10.17| ||Year Ended|to| ||30.9.20|30.9.19| ||£|£| |Depreciation - owned assets|20,841|21,664| ## **9. TRUSTEES' REMUNERATION AND BENEFITS** There were no trustees' remuneration or other benefits for the year ended 30 September 2020 nor for the period ended 30 September 2019. ## **Trustees' expenses** There were no trustees' expenses paid for the year ended 30 September 2020 nor for the period ended 30 September 2019. ## **10. STAFF COSTS** |**STAFF COSTS**||| |---|---|---| |||Period| |||1.10.17| ||Year Ended|to| ||30.9.20|30.9.19| ||£|£| |Wages and salaries|16,324|5,738| ||16,324|5,738| |The average monthly number of employees during the year was as follows:||| |||Period| |||1.10.17| ||Year Ended|to| ||30.9.20|30.9.19| No employees received emoluments in excess of £60,000. continued... Page 11 The Millennium Centre (St. Helens) Ltd Notes to the Financial Statements - continued for the Year Ended 30 September 2020 |**11.**
**COMPARATIVES FOR THE STATEMENT OF FINANCIAL**
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
**Charitable activities**
Management charges
Millennium Centre Tenants
Other trading activities
Investment income
**Total**
**EXPENDITURE ON**
Raising funds
**Charitable activities**
Management charges
Millennium Centre Tenants
Other
**Total**
**NET INCOME**
**RECONCILIATION OF FUNDS**
**Total funds brought forward**
**TOTAL FUNDS CARRIED FORWARD**|**ACTIVITIES**
Unrestricted
funds
£
61,676
45,925
-
5,148
27,758
140,507
3,539
40,743
-
76,412
120,694
19,813
1,109,785
1,129,598|Restricted
funds
£
-
-
446,887
-
36,740
483,627
-
24,547
444,887
-
469,434
14,193
173,896
188,089|Total
funds
£
61,676
45,925
446,887
5,148
64,498| |---|---|---|---| ||||624,134
3,539
65,290
444,887
76,412| ||||590,128| ||||34,006
1,283,681| ||||1,317,687| continued... Page 12 The Millennium Centre (St. Helens) Ltd Notes to the Financial Statements - continued for the Year Ended 30 September 2020 ## **12. TANGIBLE FIXED ASSETS** |**COST**
At 1 October 2019
Additions
At 30 September 2020
**DEPRECIATION**
At 1 October 2019
Charge for year
At 30 September 2020
**NET BOOK VALUE**
At 30 September 2020
At 30 September 2019
**13.**
**FIXED ASSET INVESTMENTS**
Millennium Centre Trading Ltd
There were no investment assets outside the UK.
Investments (neither listed nor unlisted) were as follows:
Millennium Centre Trading Ltd
**14.**
**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Trade debtors|Land &
buildings
£
539,505
2,200
541,705
260,440
15,318
275,758
265,947
279,065
|Fixtures
and
fittings
£
108,199
8,778
116,977
55,174
5,523
60,697
56,280
53,025
30.9.20
£
100
30.9.20
£
100
30.9.20
£
158,994|Totals
£
647,704
10,978| |---|---|---|---| ||||658,682| ||||315,614
20,841| ||||336,455| ||||322,227| ||||332,090| ||||30.9.19
£
100
30.9.19
£
100
30.9.19
£
424,250| continued... Page 13 The Millennium Centre (St. Helens) Ltd Notes to the Financial Statements - continued for the Year Ended 30 September 2020 ## **15. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR** ||30.9.20|30.9.19| |---|---|---| ||£|£| |Trade creditors|18,666|14,100| |Social security and other taxes|2,911|-| |VAT|7,139|44,118| ||28,716|58,218| ## **16. MOVEMENT IN FUNDS** |**Unrestricted funds**
General fund
**Restricted funds**
Millennium centre phases I & II
Millennium house
**TOTAL FUNDS**
Net movement in funds, included in the above are as follows:
**Unrestricted funds**
General fund
**Restricted funds**
Millennium centre phases I & II
Millennium house
**TOTAL FUNDS**|At
1.10.19
£
1,129,598
176,811
11,278
188,089
1,317,687
Incoming
resources
£
128,719
448,424
617
449,041
577,760||Net
movement
in funds
£
5,953
36,935
617
37,552
43,505
Resources
expended
£
(122,766)
(411,489)
-
(411,489)
(534,255)|At
30.9.20
£
1,135,551
213,746
11,895|At
30.9.20
£
1,135,551
213,746
11,895| |---|---|---|---|---|---| |||||225,641|| |||||1,361,192|| |||||Movement
in funds
£
5,953
36,935
617
37,552
43,505|| ||||||37,552| ||||||43,505| continued... Page 14 The Millennium Centre (St. Helens) Ltd Notes to the Financial Statements - continued for the Year Ended 30 September 2020 ## **16. MOVEMENT IN FUNDS - continued** ## **Comparatives for movement in funds** |**Unrestricted funds**
General fund
**Restricted funds**
Millennium centre phases I & II
Millennium house
**TOTAL FUNDS**|At
1.10.17
£
1,109,785
163,767
10,129
173,896
1,283,681|Net
movement
in funds
£
19,813
13,044
1,149
14,193
34,006|At
30.9.19
£
1,129,598
176,811
11,278| |---|---|---|---| ||||188,089| ||||1,317,687| Comparative net movement in funds, included in the above are as follows: |**Unrestricted funds**
General fund
**Restricted funds**
Millennium centre phases I & II
Millennium house
**TOTAL FUNDS**|Incoming
resources
£
140,507
482,478
1,149
483,627
624,134|Resources
Movement
expended
in funds
£
£
(120,694)
19,813
(469,434)
13,044
-
1,149
(469,434)
14,193
(590,128)
34,006|Resources
Movement
expended
in funds
£
£
(120,694)
19,813
(469,434)
13,044
-
1,149
(469,434)
14,193
(590,128)
34,006| |---|---|---|---| ||||14,193| ||||34,006| ## **17. RELATED PARTY DISCLOSURES** There were no related party transactions for the year ended 30 September 2020. Page 15 The Millennium Centre (St. Helens) Ltd Detailed Statement of Financial Activities for the Year Ended 30 September 2020 |Detailed Statement of Financial Activities
for the Year Ended 30 September 2020||| |---|---|---| |||Period| |||1.10.17| ||Year Ended|to| ||30.9.20|30.9.19| ||£|£| |**INCOME AND ENDOWMENTS**||| |**Donations and legacies**||| |Donations|68,839|61,676| |**Other trading activities**||| |Fundraising events|633|5,148| |**Investment income**||| |Rental income|46,154|58,348| |Investment income|4,950|6,150| ||51,104|64,498| |**Charitable activities**||| |Management charges|40,717|45,925| |Services charges tenants|416,467|446,887| ||457,184|492,812| |**Total incoming resources**|577,760|624,134| |**EXPENDITURE**||| |**Raising donations and legacies**||| |Fundraising costs|1,183|3,539| |**Charitable activities**||| |Millennium centre tenants cost|399,467|444,887| |Millennium house cost|16,241|27,558| |Repairs & maintenance|19,970|27,281| |Heat & lighting|2,542|3,133| |Rates|6,786|3,634| |Security|4,130|3,684| ||449,136|510,177| |**Other**||| |Wages|16,324|5,738| |Insurance|583|620| |Motor and travelling|466|5,580| |Telephone and stationery|6,432|6,867| |Management and consultancy|15,266|23,079| |Legal & accountancy cost|1,890|4,218| |Carried forward|40,961|46,102| This page does not form part of the statutory financial statements Page 16 The Millennium Centre (St. Helens) Ltd ## Detailed Statement of Financial Activities ## for the Year Ended 30 September 2020 |Detailed Statement of Financial Activities
for the Year Ended 30 September 2020||| |---|---|---| |||Period| |||1.10.17| ||Year Ended|to| ||30.9.20|30.9.19| ||£|£| |**Other**||| |Brought forward|40,961|46,102| |Bank Charges|70|72| |Sundry expenses|12,776|1,675| |Cleaning expenses|3,988|5,094| |Memberships|2,687|495| |Refuse expenses|835|-| |Computer/Software maintenance|1,778|1,310| |Freehold property|15,318|15,770| |Fixtures and fittings|5,523|5,894| ||83,936|76,412| |Total resources expended|534,255|590,128| |**Net income**|43,505|34,006| This page does not form part of the statutory financial statements Page 17