Company Règistration Number- 04187016 The Charity Registration Number is :. 1096146 Washington Millennium Centre Trust Limited Report and Accounts 31 March 2024
Washlngton Millennium Contre Trust Limlted Report and accounts forlhe year ended 31 March 2024 Contents Page Charlty Information Trustses. Annual Roport stst•m•nt of dlr•¢tor8' rosponslbilit Indopgnd•nt Examlnorfs Rèport Funds Sta1¢nlts.'. Slalement of Financial Activities Statemenl of Flnancial Adivlties- Prior Year slalemenl Statement of lolal recogniseil gains and108ses Movements in funds Revenue Funds Flxed Ass¢1 funds Income and EXperlIL9 aecount Summary offunds 11 12 14 14 13 15 14 Balance shoot Notes to th• accounts 16 17-30
Washington Millennium Centre Trust Limited Company Registration Number- 04187016 Trustees. Annual Report for the year ended 31 March 2024 The Trust¢¢$ presenttheir Report and AUnts for the y?ar ended 31 March 2024. which aso eornprt8es the Directors. Report required by the Compani$s Act 2006. R•feren¢e and administrative detalls Tho ¢harity name. The legal name ofthe tharity is'.- Washington Wlennium Centre Trust kn'mited. The charity is also known by its oper8tin9 name. INaShingtl Wdl?nnium Centrg. The ehoriS voa$ operatlon •nd UK eh4ritabl• registratson. Th& d)arity is regi$tered in England & Wales with thè Charty cornn$s4on in England & W816s ICCEWI with (harity numter 1096146. The charity does not operate in any oversea$ juris(ctsons. Lwal $trUcr• of the charity The eharty is eonsts'tuted as a company limited by guarantee, register&J undoi the Companies Acts. The goverThng dowmenl oflhe charty is the Memorandum ar Arte$ ofAssociation establishing the Company undèr mp8Y legislalion. There are no restrictions In the governing documents on the operation of the Charity or on its investrnent powors other than those imposgd by Charty Law. By OFeration of law all. trustees are direct¢)rs underthe Companies A¢t 2006 and au dire¢tors are trustees undar char8$ giSlatI and have responsibilths, as s(Kh, under both company and ¢harty legislath. Tha trustees are al indiiduals.
Washlngton Millennium Centre Trust Limlted Ctsmpany Rl$tratIOn Number- 04187016 Truste•s' Annual Report for thè y•ar ended 31 March 2024 Tho prlnclpal opèrnting address, to1ophon• numb•r, ernoil and w•b addr•sses of th• eharlty ar•:. The Oval Cgn¢ord Village, W85hirwton Tyne & var, NE37 2QD T¢Jephone 0191 $813880 Em$il Address milleniumcentre@sunderfand.gov.uk Web address wM¥.wa8hingtonmillenniLm.org.uk The giStered offitt of the charity for Compantes Act purposes is the same as the operating address shown above. The Trusts•$ in office on the date tho rwrt was apprOd were.'- C¢uncilkY Pet•rWalker M'chael Addison Callum Marc McPake Lesley Spuhjer David Srjowdon Barry Gsorge Robert Srnith Jill Elaintr Fletcher Th• followlng tsOn9 seNed as Trusteès durlng thè year ended 31 March 2024:. The trustees who serveoj as a trustee in the reForting perK)d were as shown above. and there were no changes during the year, or in the petiod between the yeaF end and the apprDval 0ftr w)unts. All the trustees are also members of the charity. Objects and actlvities of the charity Thepurposes of the charity as set out In its goveming documonL The company is a registered charity and exists lo act as a focus point for the communty of Washington. Tyn& & Wear. It is a not for profit organisation, managed by local people, with support from the City of Sunderland Community SeNi¢es.
Washlngton Millennium C8ntre Trust Limited Company Registration Number- 04187016 Trustees. Annual Report for the year ended 31 March 2024 The main activities undertaken in relation to those Pu0$e$ during the year. The ntre is a community hub for the area. providing voluntary and community sector organisalions with premises for activities and meetings. whilst al the same time delivering a range of activities itself. The centre continues to offer educational opportunities in line with the companies, objects, also leisure opportunrties that are both recreational and educational and impact on the communities, health and wellbeing. This is conb.nued throughout the whole year. We have the soft play provision. Football pitch, Pamper Clubs, Dance Schools and a men's support group, all examples of the bmad range of activib.es that the centre offers. The delivery of the objectives are acheived by wothing in partnership with numerous org8n5iations and the trustees value this partnership work and the input of volunters who make many of these opportunites possible. Key partners in¢lude NHS. A¢tivie Families. Head Way. Active Sunderfand and Sunderfand Council. The main activitles undertaken during the year to further the charitys purposo lor the public bonefi The Centre has had a great ygaT with our main focus bging Millies Magical Garden and the Fitness Suit. The soft play ha8 conbnued to thrive and we have weltomed hundreds rf not thousands of Customers through our doors. In lum Ihis has increased the footfall within the Cent, especialty in our café area and Gym, where the usage in both area's has blossomed. We have inGreased our opening hours to meet the p4Jblic demand, which has creatsd extra working hours lo offer out team. Where we have had gaps in the diary, we have began to fom) new partnerships with Smoking cessation, Essence and private groups such as table tennis and an altemative Church. These have all had a good and positive impact on the local community The Children's parbes package we offer, is very affordable and wort(s really well for our customers, we are generally fully booked over most weekends. The trustee's continue to support the local council by offering meeting space, allowing meetings to take place outside of Sunderland, so the residents of Washington are able to engage where possible. The Cenlre's ICT suit offers a mUcneeded service to the community and it is very well attended on a daity basis for customer5 to do anything from browse the Web. Job search or print. The trustees have had regard to thè Charity Commission's gurdancg on public benefft in managing the activities of the charity. The main achlevemonts and perfom)an¢e of the charity durlng the year. The trustees are pleased lo report that we have managed to ntInUe to offer affordable activities in a Safe, frndlY and clean environment. This is mosoy down to softplay, which thrives, receives great feedback and has an enthusiastic attendance both in daily visits and parties. We also ntinue to support the Cos Council with their Area Committee and VCS meetings.
Washington Mlllennium Centre Trust Limlted Company Re9istration Numbgr- 04187016 Trustees, Annual Report for the year ended 31 March 2024 The difference the charitys perforniance durlng the year has made to the beneliciaries of the charlty. The tNstees are pleasecl to report that the Centre is very well used and a popular venue for the local and wider public, especially for soft play and gym faolities. The ICT room is popular and continues to offer a crucial service for usets. The fnjslee's decided yet again not to price increase any of our activities or room hires. This was to ensure we continued lo offer affordable services to the local community- Financial hardship is aayS al the for front of minds when we look at our pricing structure, This allows many low- income families the chance lo still have fun recreational lime together. The ntre continues lo works closely with organisations such as Eden Training and Baltic RecNilmenl who offer educational training and back to work opportunities. The degree to whlch tho achievements andperfomiance during tho year have beneftt•d M"dersociety. The b8nefi't lo society is partly that we arg able to offer Services and opportunitios in an area of high depravation al low cost or sometimes no cost, ars example being children under one can use the soft play facilities free. Internet access is free and we know many people in the area cannot afford a ¢omputer. Accèss lo the 3G piteh is free for local Children, the library is run as an honesty library. All of these facilities are well used which is why we have continued to off8r the $&rvices. The trust is committed to offering servi*$ to the local community which meets their needs and ensures indusion rather exclusion and which contributes to reducing th8 inequalities gap Structure, governanco and management of the charity The methods used to recruit and appoint new charity trustees. The members of the management committee are elected annually by way of nominations at the AGM, and nomially hold office until the AGM the following year. Any ¢o-opled non-voting vacancy may be filled by way of nomination al the next meeting of the management committee. Nominations and consents must be sent to the committee within seven days of the notice calling the AGM. New Tfuslees undergo an induction to brief them on their legal obligations under charity and ompany law. the content of the company's Memorandum and Articles of Association, the committee and decision making processes. the up to date business plan and recent financial perfomiance of the charify. During their induction new Trustees are encouraged to meet key employees and other Trustees. New Trustees are atso 8dvised to attend appropriate external training events. where these can facilitate a greater understanding of Iheir18gal responsibilitie$.
Washington Mlllennium Centre Trust Limited Company Registration NurrtEr- 04187016 Trustees. Annual Report for the year ended 31 March 2024 The charlty's relationshlps with relatedparties. Bankers Uoyds Banking Group 54 FaWtt Str¢&t nderfand SR1 1SF Laverid( Walton & Co 83 Jfjngfisher House Team Valley Gateshead Tyno & Wear NE11 OJQ A¢¢ountants Financial revlew The charitys financlal positlon at the end ol the year ended 31 March 2024 Tho financial position of the charity at 31 March 2024 and comparatives for the prior period, as more fulty detailed in the a¢¢ounts, ¢an be summarised as follows... 2024 2023 Nèt incomè 66,347 37,467 Unrestrieted Revenue Funds available f¢r the general purposes of the charity Désignate(l Revenue Funds Total unrestrIet Funds 389,464 323,117 200,000 $89,464 200,000 523.117 Total Funds 589,464 523,117 Finaneiaj review ol theposition at the reporting date. 31 Alarch 2024. The trustees consider the financial perfomiance of the charity during the year to havè been satisfactory. Specific changes in fixed assets arg detailed in the notes to the ac¢ounts.
Washington Millennium Centre Trust Limlted Company Reglstration Number- 04187016 Trustees, Annual Report for the year ended 31 March 2024 Policies on reserves. The Trustees have agreed to maintain designated funds totalling £200,000 towards ongoing improvements and routine maintenance of the gymnasium facilty within the Millennium Centre and the outdoor football pitch. In addib.on to the designated funds, the Trustees seek to maintsin unrestricled funds which allow the organisation to continue to operate without any external funding for a period In excess of Iwelve months. Going Concem There ara no funds in deficit, and Ihe Trustees consider Washington Millennium Centre Trust Limited to be a going concem, as il will be able to fund ifs activities going ft)ard for a period of at least ttvelve months. Availabilty and adequacy of assets of each of the funds The board of trustees is satisfied that the chaiiW¥ assets in each fund are available and adequate to fulfil its obligations in SPeCt of each fund. Details of The Independent Examiner Mr J Mills FCCA Memter ofAssociathm ofchartered Certified Accountants 83 Kingfisher House Kingsway North, Team Valley Gateshead Tyne & Wear NE11 OJQ
Washington Millennlum Centre Trust Limited Cornpany Registrat'on Number- 04187016 Trustees. Annual Report for the year ended 31 March 2024 Statement of the Directors Trustees. Responslbilities The charitys trustees are responsible for the preparation of th8 accounts in accordance with the tem of the Cornpanios Act 2006, the Charities Act 2011 and the Charitie$ (Accounts and Reports) Regulations 2008. NOlthSndlng the explicit requirement in the extant ststutory re9ulations,the Charities (Accounts and Reports} Regulations 2008, to pr•pare the financial statements in accordance with the SORP 2005. in view of the fact that the SORP 2005 has been w¢thdrawn, the Tru¥lges deteined to intsret this responsibility as requiring thtsm to foll¢)w current bgsl pracli¢e and prepare the accounts according to the FRS 102 SORP {Slalemenl of Recommended Pra¢ts'ce forAccounting and Reporbng by Chariliesl 2015, las amended by the Bulletin i$$ued in O¢lober 2018 and applicable to all accounting periods beginning on or after 1st January 2019), (The SORPI. - In particular. the Companies Act 2006 al charity law require the Board of Twslees to prepare fi'nancial statements for each financial year which give a true and fair view of the stste of affairs of the charity as al the end of the financial year and of the surplus or defi¢it of the charity. In preparing those financial slalements the Board is required to - to prepare the accounts in accoidan¢e with United Kingdom Generally A¢¢epted Accounting Pr8Cti¢e (United Kingdom Accounting Standards and applicabl8 5awl. select suitable accounting policies and apply them con$islenlly,' - make judgements and eslimales that are reasonable and prudent., prepare the financi81 statements on the going concern basis unless il is inappropriate to presume that the charity will continue in business.. slate whether applicable a¢¢ounting standards and Statements of recommended practice have be&n follow•d. subject to any material deparbjres disclosed and explained in the financial statements., The law requires that the trustees must not approve the 8trounts unloss they are satisfied that they give a true and fair view of the state of affairs of the charity and of the surplus or deficit of the charity for the year. The Trustees are also re$ponsible for maintaining adequate a¢counting record$ which disclose with reasonable a¢curacy at any lime the financial position of the charity and whiGh are sufficient to show and explain tho charity's transactions and gnable them to ensure that the financial statements comply with the Compani&s Act 2006 and comply with regulations made under the Charities Act. They are also responsible for safeguarding the assets of the charity and hence for tsking reasonable steps for the preventson and detécts'on of fraud and other irregularities. The Trustees are also responsibl• for the contents of the Trustees, report, and the statutory responsibility of the Independent Examiner in relation to the Truslee$' r8POrt is limited to examining the pOrt and ensuring that, on the face of the report, ther8 are no material inconsistencies with the figures disclosed in the financial statements.
Washington Millennlum Centre Trust Limited Company Registration Number- 04187016 Trustees. Annual Report for the year ended 31 March 2024 Mèthod of preparatlon of accounts - Small company provisions The financial statements are s8t out on pages 11 to 30. The financial statements have been prepared implementing the FRS 102 SORP IStaten70nt of Recommended Pracb"ce for Ao¢ounting and ReportJ"ng by Chariliesl 2015. (as amended by the 8ullelin issued in October 2018 and applicablè to all accounting periods beginning on Of alter 1st January 2019), (rhe SORPI. and In a¢¢ordance with the Flnanct81 Reporting Standard 102. (effective 1st January 2016) The$• TinancSal statements have been prep&red in accordance wilh the provi$ion$ In Part 15 of the Companias Act 2006. applicable to companies subject to thè small ¢ompanies regime. T.$ report wa8 appro¥ed by the boaTd of Inle5 on 19 No¥ember 2024. Mrs J Fletcher Directord Trustee
Washlngton Millonnium Cgnre Trust Llmltsd Report of thg Ind•p•ndant Examinorto thè Trutèe$ otthe ¢haritablo ¢ompany on tho a¢eounts forth& year endod 31 Mareh 2024 I rapcrt to ITrU Ly) my examnation the financlal statnents ¢lthe charitable companyon pag8s 11 to 30 forlho y88rended 31 2024wthich ha¥e baen prepared In a¢¢tydan¢e with the charit Ad 2011 ltheActi and with the Financkl RepDrhng Stand2rd 102. lerre¢twe 1$t J)uary2016185 rnodrfd by FRS 102 SORP (statemènt of Recornmende¢l PrxtiC8 f¢rA¢counting ond Reporbng byCharttr&sl 2015. las amended byth¢ Bujklin Suad in Ottobw 2018 and applicableto all ac(x)un&'ng perhids beginning cn erafter 1st Januwy20191. (rho SORPI. pubh'shed bylhe Chaiity CommtssiL)n in England &WaS ICCEW). and underthèhtsttirit•l c¢st COntiOn and the aOltU19 pulAeS set (Art on page 17. RPIGth r2sponslbllltlos of th8 TrusteES and the Independont Examlnerand thfr l)as1s orthe report As dexrid on pa9e 7. yuu. the chdritabfe tomptys Trustees. who are also Ihe Ditectots (lhe Companyforthe purposes of C(ynpanylaw, are responsibk forthe pwratK)n ofthe finartual statements li aCctrdancewi Ihe Companies Act 2CrfJ6. the Charthes Act2011 and all dher app1Kae law and with United Kingdom &nerally Aceepted AccoLrting PtiCe. applicableto 8mall¥erthbes. aJad forting satisfd thatfhe frnanck81 st8tements give atrue and fair¥. Thè Trustegs eonsiderthat Ihe wditwu¥6merrt of Sethon 144(fl ofthe Charits8s Ad 2011 Ilhe Actl does not 8pply. and Ihat Ihere is no rewirement in the mrandin and artKte5 ofthe thtyforthe crfflducting of an aJdiL qnd thatth6 accounts not require an audrt in aCcord8th Part 16 of Ihe Compani6sAct 2(X)6 and Ihat no memberor members ha¥e requested an drt pursuantto SeEtion 478 tlhe crpanieS Act 2006. A5 a OJ)SEquence, tho TNsteBs have 8fa¢led thatthe finaneAal statements bg $ubiect to nd8p6nd¢nt examIrtlc. Having s8ti8fffigd myseff Ihat th8fin0n¢l statements e not r8qL&W to be wjdltsd und¥ry legal prov[on. gr othaThise. snd 8r8 elvJibk for Indepdenl ex8rn1n8tv)n. it i¥ my r8SPOnsibiltyto'._ al èxamine lh8finan¢l st41¢rn8nt$ ofthe ¢h@rftyund8rSectbr$ 145 ofthe Act.. bl follw4 tho appl wocedu$ in the Dtr8CtiDn5 gwen bythe Charrty Commissign underseclton 149Sllbl ef the Acl. 84515 ollndgpend8ntEx•mln8fs Sllt•mont and scope ofwork und8rt•kn Skneethe ch8rita companvs gross h¢LYne excded e250,0(K), theChaTttab Comp8 examinerrnust bè a member¢f a b)dy ltsttd in sectk)n 145 of Ihe Ad. I confkm that l am walffied to und¢rtake the exnination because l an 8Ulhori8od memberof ASSOClt)n of ¢harter8d Cékthfied Aecount4Ms. whkh i% one ofth81Ists4 bodlas. I rwt in reswt of my•x8mination ofth¢ th8rWs fmonck81 statements carried oul under $145 oflheA¢t. In carrwny out myexnination. I hafoVed all Ihe applKable Directv)ns 9iwen bylhe chaiitycommlssn under Soclion 1451Sllbl 01the xlliny wt the dut5 of an independent examiner in relatron tothe t¢nductuig of an haependent examiTralion. An independent eXaMinatn includes a revw ofthe accaunting recotd5 kept tyth¢ aritable company )d oftheaccounting Systems employed bylhe charitable cofflpanyand 8 COrnP¥80n ofthe fInCIal st8ternents perrted with those records. It 8180 inckJde$ nsIdertron of any Unl1 items or (fisdosura5 l thefinarKrdl Statemts. seeking explanatrons from you. as TNste8s. corIng such matte[5. Th¢ pwptsse ofthe examinatron is to estabbsh as far as posbIethatthere hve been no bteaches ofd)aritylegi8latM and Ihat. on a tast ba¥is Otevk1ence rdevant to Ihe fmounts Ond disGbsLwes made. the ffnKidl statements complywhh Ihe SORP. The Wotsdures undertaken do not provide * Ihe e(nCe would be required in an di( and infLYmat Jpplied by the Trustees in the course ¢fthe exninatvJn is not subjected to aLKlittests orenquiries 8nd does not er all Ihe matters Ihat an audrtorwtyjld cons in wriving an opinion. The planning tonduct of audrt goes yond the lirrTrited asSuranthat an indwndent examinion provide Cons4uenly, I dE not express 8udit opnion otheV[gIven bythefinanod ststvnents. in partlIar. I expre$8 noi>pinion as to¥theth8rthe ffnartkil statemenls give atrue and fowview ofthe affairs olthe charty, myrtrpvrt is limittid to th8 matter5 S8ttyJt inthe stotement bebw. I ned and pgrfomi¢d my examirHtion 80 as to satisfy myseWlh4t Ih8 objecti8 efihe in¢Jpp8ndent exanInatn athieved lfer•Ialismg the POrt l ebtained Trhyitten asSuw$ fromtheTrust8e$ of all material mattern.
Washington Millonnium Cgntro Trust Llmited Indop8nd8ntExamlMfs Statmtn¢ Ropsjrt and Oplnton Subjecl to Ihe 11mftatn$ upon Ihe of my wk 88 detaled above. I have compleled my oxamknalon.. and can confirm that:. The accounts of thi$ tharAable company art not requre¢J lo be audfted )dar Part 16 ofthe CDmpanie5Act 2ri)6.' Thtr gross income orth8 thttabb ¢¢mY In Iha year eded 31 Mwth 2024 appearstoexteed Ih sum spwfied in Sectkn 145131 of Ihe Act, Tramely£250000. and that l qualt to as Indepwjdent Exam In act¢rd•nce wih Ihat 88Ctk)n tyvituè of rny bein9 8 qU8&'fièd member ofAssodation of Chiered ¢erfrfd Accountants." This 15 a report h respect gf an examiThatlon carried out under 145 oftheA¢t and in fKcerdancewlth Dlrèctic•$ gl¥en bythe chartycornm1s0n th)der $e¢tirffi 145ISXbl orth¢ Adwttich may be 8pplt¢abl¢." d th8t no materiol matters h8¥e come to my attention in ¢omection fth the examln m8 cause to liev8 Ihai in ffj materk91 respe(t- accounth)g rerdS were noi kept in resped of the charityas Tequffed by Secith 386 ofthe Compan$ Act 20C6 and Secllon 130 ofTht Charrfies Act 2011.. Ihe finanad st8tement$ do not accord iwth those recLYds,' c¢ the financkgl statemants éjo nrl eomplywith the applkable requirem8Trts conceming Iheform and tofttantol acnts set out in %ctSon 396 of Ihe Companies A¢t 2Q06 othorihgn any requlrementthat the acc¢unts a rf fav ¥Aèw. which not a matter consklwed a$ part of an Ind¢pendenl 8x8minalon.' have not been wep¥ed in ¢¢¥dan¢tIth the m¢thods and nCipleS set out In the FRS 102 SORP Istatement of Recomftnded Pracaicé f¢rA¢counlny and Reportkng bYChWit5I 2015, las amended byll BU011Th1$SutsI in oclo2018 ond appllcabl¢to all accourting periods Wlnning on erafter 1st J4nuary20191. (The SORPI- I ha¥• no toncm¥ and ha¥& CL¥nè across no otherrnatters In eonnectbn V+ith the examlnatiLm to att8ntK)n should ba drawm in thb rèport in wderto en•bl• a proper und8r8t8ndin9 rfth8ftnanthal ¥tatwnent$to be reached. Siwrf... Mr J AIAIS - Independent Examln8f AsseciatiDn of Chartered Certrfd Accountan B3 Kingfl8h¢r K&)g6w4y North, T¢&n V818y l>teshead & Wear NE11 OJQ This report was slgned Oft 19 Nov8mber2024 10
Washington Millennium Centre Trust Limitèd - Statement of Finan¢lal Actlvltles for the yèar ended 31 Mar¢h 2024 Statement of Financlal Activities (including the Income and Expenditure Account for the year ended 31 March 2024, as roqulred by the Companies Act 2006) SORP Rtrf CurreThtyear Unr•*rietsd Fund8 Curront y•ar R8strl¢tod Funds Curr•nt y•ar Total Fund¥ PtiorY•or Total Funds 2024 2024 2024 2023 Incorn• & Endowm•nts frorn: Dorth"ons & Legacies Chartsble activityès Investm& A1 3,333 393,955 8.352 3,333 393.955 8,352 42.523 319,580 1,535 Total incom• 405,640 405,640 383.638 Expgnditure on: Charitabje activitie$ Tox on surFAus on <)rdinary acbvil 83 337,706 7.587 337.706 325.885 Totsl èxpendStur• 339,293 339,293 326,171 Nèt Inc¢Jrne forth• yoar 66.347 66,347 37,467 Nat In¢om• aft•rtr4nsfers A-B4 66,347 66,347 37.467 Nèt movgmani in funds 66.347 66,347 37.467 Reconclllation of fund$'.- Total fund¥ broughtforward 523.117 S23.117 485,650 Total fund$ carrl•d forward $89,464 589A64 523,117 The'SORP Ref indted above is the ¢lassificth"on of incomo set out in the formal SORP do¢ument8. As required by paragraph 4.60 of Ihe SORP, the brought forward and carried forward funds above hsve been agregd to the Balance Sheet A Ststement of Total Recognised Goins and Los8es is included as a primary ststement in these account& AJI the prior yeartransactions were unrestrictsd items, arKJ no knrther analysis is rUired All activitios derivo from continuing operations The notes atta¢hed on pages 17 to 30 ft>rm an intsgral part of these accounts. 11
Washington Mlllennlum Centre Trust Llmlted - Statement of Flnancial Activities for the year ended 31 March 2024 Statement of Total Recognised Galns and Losses for the year ended 31 Mar¢h 2024 2024 2023 Surplus forth• y•af -. Net excess of inc£Jme over expenditure from opw"ons tefcfe tax Re8115ed gains on disposals of Social investments which are programme reld 67,934 37,753 Incomo from oper8tions b8for• taxin the Statwngntof Finan¢i4lActlvlt•s 67.934 37,753 Nèt Moveffl•nt In funds before taxatlon 67,934 37.753 Taxation arising in the y¢ar 11,587} 12861 Funds generated in thg year a5 shown on Statement of Financtal Activitte$ 66,347 37.467 Th• nots8 attached on pages 17 to 30 fwm aTr Intggral part of th8$9 accounts. 12
Washlngton Millennium Centre Trust Limited - Statement of Financlal Activltles for the year énded 31 March 2024 Washington Millennlum Centre Trust Limited - Resources applied in the year ended 31 March 2024 towards flxed assots for Charity use:. 2024 2023 Funds generated (n the year a5 detailed in the SOFA Resourc aFplied on fiJnction81 fixed assets Other 8kwJications tsf funds 66,347 12,958) 37.467 {48,5111 Net resourcos availablg to fund charltablg actlvltles 63,389 11,0441 The notss attaohed on p•ggs 17 to 30 forni an integral part of these accounts. 13
Washlngton Millennium Centre Trust Llmltod - Statemollt of Financial Activities for the year ènded 31 March 2024 Movements In revenue and ¢apital funds for the yèar ended 31 March 2024 Revenue accumulatod funds UArestrJ¢l Fun 2024 Ré$tri¢t•d Funds 2024 Total Fun¢Js L¥styr Total Futhd$ 2023 2024 Accumulated ftjnds brought forward 523,117 523, 117 485,650 Recogni gains and losses b$f¢re transfers 66.347 66,347 37,467 589.464 589,464 523,117 Closlng r•v¢nue funds 589,464 589.464 523,117 Deslgnatgd rovenue fund5 included within the unrestri¢tod funds above Totsi Fund5 2024 Last Totwl Fund8 2023 At l ri1 200,000 200,000 At 31 IAarch 200,000 200,000 The purposes for which these funds have been designated 8re described in Note 21 to the &xwnts. Summary of funds Unr•strlctsd and Dtr51gnatsd funds 2024 Restvktsd Funds Totsl Funds La8tYaar Total Fur 2024 2024 2023 Revenue accumulated fvnds Revenue designated funds 389,464 200,000 389,464 200,000 323.117 200,000 Total fund$ 589.464 589,464 523,117 Thg notes atta¢hod on pages 17 to 30 fomi an intsgral part of these accounts. 14
Washington Millennium Contrè Trust Limited - Ststement of Flnan¢lal Actlvitios for the year ended 31 March 2024 Washlngton Millennium Centre Trust Limited Income and Expendlture Account for the year ended 31 March 2024 as requlr8d by the Companies Act 2006 2024 2023 Income IncLJme from operations 397,288 362,103 Inv¢8knent income and intsrest Interest recwabte 8,352 1.535 Gross income In yéar bore exceptlonal items 405.640 363.638 Gross incomfr in thè year In¢luding èxceptional items 405.640 363,638 Expenditure Charjtable expendibjre. exclLttYiro dewecialK)n and amortisab.on DepreciatKJn and amorb"sab"on Govemance o)sts Interest payable Realised los$es on disposals of social invesknents which are programme related 310,052 24,624 3,020 10 303,405 19,769 2,699 12 Total expendtturè in the year 337,706 325.885 Nat income baforè tax in the flnan¢i•l year 67.934 37.753 Tax on surplus on ordinary activitios 1,587 Not income aftor tax in the financial y•ar 66,347 37A67 Retsined surplus for the financial year 66,347 37.467 All activities derive from continuing operattons In accr*dance wth prowsions ofthe CompanEs Act 201%. the headings and subheadings used in the Inrxjme and Expenditure account hav8 b¢en adapted to refiect thg 8pecial nature ofthe charity's activths. The nots$ attached on pages 17 to 30 form an Integral part of thes• a¢¢ounts. 15
Washlngton Msllent)ium C•ntre Trust Limltsd. Balan4 6heetAs 4t 31 March 2024
Note R¥1
Fld a$8ets
TÈtlWv
12
49.(K82
70,728
CumihtassEts
Stockg
08bttys
Cash ai b&8no in
B1
14 02
2.420
2,395
561.312
780
1.761
472.702
566.127
475.213
Cr•dlttst.' •moufits falNng du• wlthl
wvar
22,W24
Ilrfcurreni
540,402
Th• lor81 n41a559ts •fth• ¢h•rlty
589,464
523.117
Tttgtolal Mtass•i of Ihe charlty are lund•d tyythe of IhÈ charrty, •sf•ifowts:.
Unw••bl¢t•d Fund8
19 D3
323,117
385.464
323.117
lJe&9nthed R8venue Futvjs
Desighat¢d Fv4ÉdAsi FL¥
19 D3
19 D3
2000
2W.th)O
Total
523.117
Th0EORP Rèfind4l abryA ¢ Ihè
Washlngton Millennium Centre TNst Llmltsd Notos to the Accounts for the year ended 31 March 2024 1 Accountlng pollclgs Pdichs r•latlng to the pmduction of the account& asl8 of prepamtton and a¢¢tsunUn9 con¥tt0t1 The 8ceeunl$ have been prepared onth6 ac£ru81s ba51& underlhe historical cost convention. and in Co[danCeitti Ihe Finan&al RepDrting Standard 102. leff8cti¥e 1st January20161 and'FRS 102 SORP (Statement ol Recommended practi forAccounting and Rtrporting by Caariliesl 2015. las bylhe Bulletin issued in October 2018 and applicabjeto all accounting periods btgnning on orthr 1st Januay 20191. (rhe SORPI, published bythe Charity Commission in England & Wales ICCEWI. ettedi¥e Janu8ry2016.. and in 4ccor¢ance with all applicable in the chatiV5wrisdiction of regi51tation. exceptth8t the thartyha5 prepwed tsfinancial Statements in accordancewth the FRS 102 SORP Istatement of ReEommeTrded PracbcefLY Accllunting Reporting by Charities) 2015, la$ amended by the BUltin issued in Odober2018 and applicableto stl accounbng penods beghnlng on or after 1st January 20191. lThe SORPI, In preference to the previous SORP. Ihe SORP 2DJS. Ithich has been withdrawn, notwithstanding Ime fact that the extant statutory regulations, the Charibè& IAccwrsts and Reports) Regulations 2008 r8f8r explicitt0 the SORP 2005. TFUS has been done to accord wrfh current best practtce. Golnq Con¢wn The charitabl8 oCtivitie5 aro enllrety dependent orb continuing 9rant ad and voluntary donatlon8 as well 05 tradlng rnvenues. AS a constquenGe. th& going eon¢em ba8 is d8dent on the future ffow ofth888 uncertaiftfunding streams. Accordingly. the Trust888 have obtained for¢4sts and, afterr&viwng the financlal forèca$15forfulur8 period$ to 31 March 2024, Ihe TSte¢S are satlsfied that, at Ihe time of approvlng tha financial ststemants, it is approw? to 8doFrt Ihe yping conc8m basis in prepering Ihe fina8[ stat¥ments. Otherthan these matt8rs, tha TN$tees ar8 not aw8ra ofanymaterial uncainites aboutth¢ ¢htys ablltyto ntinue as a goNig concern. Rl8k8 and futur• a¥8umpJons The ch8rityis a wbllc b8n8fil eTrlAy. The Trustéès have a risk management stmlegy %lith comprisos: -An 4nnual r6vEwof the rlsks tha1 the charty mayface. -The establishment of sy8tem$ Ind prc<eduSto mitfyjale those nsks idenlrfie¢ in the plan. . Implememaiion of procedures de$vJnadta mnimK86 any potents.al impact on the charrty shoukl thosè ri$ks mat8rfali$o. Po¢1¢$ relating to categories of income andincomè recognidon. Nrg of Incom Gross inc(Yne repra&enls Ihe value. net of value added tax dixourtts. or9d$ provided to vjstomers dWork i¥J out in respect of serviGes prId¢t0 rStlS. C4tqgor10s ol Income Incoma 1$ ¢ategorised as income frorn exchaDyelran8aEtion¥ Icontrtrt incc¥nel 8nd income from ngTrexchange trqnsactlon$ Igiftsl. Investment income and olheT income. In¢4me Irom ¢xchang8 tr4n¥acUonts is r8c8ived bythe chanlyforgood$ or $8Nces $uppli8d under mntract (Y lthment is $ubJ8ct ltr ftjifilllng pèrforma0 related condthon¥. Th8 in¢ryne the ¢h¥ity recelvos is 4pproxbnat¢ty equal in value ¢¢the goods or serylces supplied bythe charftytothe purchaser. Incom• from a non-exchang• trangactbon 15 ther&the tharty rg¢ewe8 value from th8 donorwithout provhling 8qUo1 vthe in eXchl9e, and Include5 don8tiL¥)s of mon&y. goods and servlces freety glv8n ¥vithout glvln9 value •) exchango. 17
Washlngton Mlllannlum Centro Trust Llmit•d Notes to the Accounts for the year ended 31 March 2024 Income recognltlon In¢¢me. theth¥from exchange or non 0xChge tr?Sact$,18 recognlsed In the statement offlnanaal 8¢te8 ISOFAI on a recewabk ba515. when atransactbn or otherevent rtsutts an incr88s8 in the charltls assèts c a rtdLKlion in its liabilrties and onfywhenthe charity has 981 entitkment. Ihe inwme is probabk and can be measuréd re1k1b. DIdendS are accrued then th¢ Sharehojdefs rightto rec8i¥e p8yment Is established. Income subject lo terms and ¢ondrtionswhith rnust be rrt belorethe is entrtled tothe resources 18 not recoynised until the Conditions have been mel. All inc(¥ne 15 accounted for gross. before deducting Sny related lees or costs. A¢¢ounting for deferred Incom• and Incom• r•ctlved In advanc• temis and conditions relating to income have not been moterun¢tainty exists as tg whelherlhe charity meet ytem)S or CDnditions otherwise thin its Control. income is not r8c4gn¢¢d but 15 deferred as a li9biltyunts"l rt Is probabk thatthe tem$ or cOndonS imposed ¢an be met. Any grant that 1$ Subject to perfomanweloted condrtkins recewed in advance of d8llverlng the go¢d$ and seMceJ rgquired bythat condrtlon, or 1$ $ubjed to unrrt 0)nditn$ wholly rArt$k1e thè control of thtt recipient charty, arxwnted foras a liability and shown on the bn sheet a$ deferred irtcorne. Deferred income Is r8l&as¢d ts inwne ui the reporting pedod In whiGh the pertOnY)¢2rela1ed other cendth'on$ that limrt r8cognAion arè met. 8t) Incemfrom 8 grant ordonatlon has not beén rtcoynffjed due to lh8 condftion$ applying to the g#t not 19 wholly wthln th& control of the reciplent charty. it is dl8¢bsed as a conts'ngent assat rac8iPt of the grant ordonalon is w)bable once th086 conditi¢n$ are m81. re tirrw reLqled conditions are imp088d er Implied by 8 funder, Ihen the inc0rn8 Is apportloned to Ih? ¢oncem8d,and, wh¢re appllcable. 1$ •¢count8d lor as a shovm on the ba18nc& $he¢t a5 deferred Inc¢. en gr8nts 8r8 rateDied In 8dvance of the expendfture on the aclvty funded by tham, but th¥Fe are no spe¢fficrne relatsd ¢Mdrtlons, then the income Is deferred. Any tondit¢on th81 allows f¢rthe recovery bythe dmcf af any unexpended part of a grant does not prevanl reoyanthon of Ihe Incom¢ concemed. but a Iiabilityto )y repayment s r¢¢ouTris8d when repaym•nt becomes probaN8. Memb•r8hlp $ubscrtpUons Th8 inCLYne and anyas5cated GhlAid or olhertax rafund from a membership subscription reCend bythe chafity In the nature of a gfft, is axounted for on the same basis as 8 dtsatn. Thè income from a membership sub5criplion reWed bylhÈ charitywhere Ihe subscnptiun purcha8e8the right to services errt& is recognised as in¢ornB from ¢hatitable activrties. Policiès relAting to •xpénditure on goods andseyvices provlded to the charfty. R•¢ognltlon olll•bllltf•s and •xp•ndliure A Ihibilrty. d the ralated expendrtur8, is recognlsed hen 8 bgal or constry¢twe obllg81ion exist5 as a of a past 8¥ent. and wthen it 15 more liketykn8n not that atr8nsferol8conomic b8n8fft& wll be required in selll8men¢. and wtten IhÈ alwnt ofthe obligatlon rAn b8 mtra$ured orrelk4W 08tthaied.. Ltsilit¢es arising from future funding corrwnrfments and consbucbve oblgations, includlny performancè r¢ted gr8nts. whe¥e Ihe Ilmlng orthe amount of the futurefjxpendthre requlred to settk the obligatlon are unc8rt8ln. give re to a pmision In the accounts. which is reviewod the ocwjnting Yeard. The prov181on 1$ incre8sed ta refiect any eases In liobi1it188. and is decreaséd bytha utilisalion of any wilhin tha pariad. and r8vafs¢d rfany provision ts nc longer r8quired. These movamtnts ar8 )ed or credrted to the re$pectlV8 fund$ and athrties to which the pmvi5ion ralata$. f8
Washlngton Millennlum Centre Trust Limlted Notss to the Ac¢ounts for the year ended 31 March 2024 Volunt88rs In xcordants with the SORP, and In ra¢ogniticfi oflhtr dlffiwllies In pladng a monstaryv8lua on lh& conlributknn from vdunleers. the contrlbutlon ef voluntsers k% not ncluded within Ih? Inc¢xne of the charlty. h)WeVW, Ihe tNsts8s value the 8lgnm¢anl contdbutbn made tothe vitRs efthe charty by unpaid volJnteer$ And thr& Is des¢ribed morelulty In Note8. Pollel•s rel8llng to éssets. Ilabllltiès andprovision andotherm•tters. Taftglb fixed assats arè measured al theirorlgkn81 ¢&st value, or wbsequent revaluation, or rt donated, as descfibgd abova. Cost ¥8& IndUde all costs 0xp2ndj th bringin9 th&a88& irrto rts ht8ndad wgrking condttk)A. DeFf8datl¢n h85 been provided atthefolbwng rat¢s in or¢8rtoivrite off the 8SS¢t$ lo Ih•ir antIPat residual v 0verlhdr8Stimated usaful lives. tness Equipmont Pl8nt and machln8ry Footban pitth, fenclng. etc 20 % ¥tralght11 25 and 33 % strakjht line 25 % 8ght line A reguJ¥annu81 roviewofth8 Ilkelihood ofa$set impamient i¥ undartaken. Aeeountlng lor c4pltal gratt$ and Ibxod as¥•tfuttd$. ol tgib16 flxe(l a$set8 or grants ol a capital nar6, gwen lorthe purp05e8 of acquiring gpedfic a$5ds to b8 fully utilsed Sn the furtheranc6 of the obl8cts ofthe thity. are credlted tolfixed assetfunds after the donated a&set has been reeefv80 or sums hav¢ been pmperty expend¢d on Ihe f&$tricted pwptsse. Wharè (he lernis Qfthe gn7 raqulre the ch1tyto hold the asset on a) ongovig b4si$ for a 8pe¢ffic purpose, then tha fixed ¥$et fund so (¥eated 18 ¢ategori88d as a reslrfcted ftxed wetfund, and the relevant re$inon8 noted ftxed aFseÉ note 12. Wher¢ the lenn8 ofthe gfft are mel onea Ihè asset Is acquired. so allowng the charity to u88 the asset on unrethcted basis, indu¢Jlng the rrghtto ra¢iveth6 ptvGeeds of8nyfvrture s81& of the 8s881 on an unr88ld¢t¢rt bas[8. then the fLX8d as$ei fund so tteated Is tategonsed a$ a dosignated red assetfvnd. en assets 8r8 84uired forthÈ furth8r8nolth8 ch¥ritis o¥6cts, utilithg th¢ £haritWs ovln unrestrkled funds, a trsfer is madè frDm unr88tri¢ted fvnds t¥) • deslgnated fLxed 8$tfund. Wheiher acqulrèd with unreslrfcted or r88tryeted funds. the a$8et a¢qUed b Inth'ally sho In the balar shEet atthe JII c05t ¢f 8cqui$itiDn or sub&¢quent r8vJation. As rdated as86ts are d•preclated, in aCconCe with the dePreall0 pollcy,In ¢rderto rèfiotttthe dlmunnitin ir¢lh8 9s$8t,8 transfor18 made from the relevant fixtd asset1d$tO ellh8runresld¢led ¢rr8Stri¢ted r8v8nue funds. as approwate to the tomis of the ortglnal ghl. K )y. Thtr ¢ffect of this policy Is that the qggregatt of all fixed astsetfund$ shall equate to Ihe nat book valuo of fixed a$8et$. In thtrfrst yearthat this pollcyw8s adopled, atransf8rttsfiKed assetfunds was m8d• equlval8ntt¢ the net book vthje of the 8sse Any resk1uaf li•bilitytotha donorarfsiny from, for e¥ampl8, the 4se¢'sfutur¢ le, Is disdosed as a ¢ontingent 40ty unless the event that w¢uld lllggar repayrNdnt ofthe grant l)ecome$ probabl8 In vthich ca88 a Ilabiltylor repayment Is recogn18ed. I[lar0$ this pollcy relqtes lo Government grants and tothe 8xt8ntthat itmaybe a departuR from the FRS 102 SORP Iststerrmt of R¥¢omm8ndad Practlca fo[Accoing and Reporhng by Charititsl 2015. la5 amended bytha Bullet Issuè4 in October 2018 and applicabl6to all accountin9 perfo(s beginning on or after 1st Janu8ry 20191. ITh8 SORPI, such departure Isju5tffjied en the ba81$that rf is h orderto eomplyW thé SORP. Stocks •nd woTr 111 pr09rS stodK is valuad at the fowerof *)d net r8alisoble valu8. D¢btor8 Debters are me8sured at their recovwable amounts atlhe Wonce shdate. 19
Washlngton Millennium Centre Trust Llmitad Notes to the Accounts for tho yoar •nded 31 March 2024 Credltor8 and proTrA•lon Credrtors are recognl88d on tha 8c¢n415 ba5k5 In accord8nc8 )Ih Mrmal antIng prinpAPte5. Flnanclal In8trum8nts in¢ludln9 ¥h and bank Cash and bank balan¢e$ Cash held bythe ch8rty18 Indudèd al the amount actually héld and counted at the year end. Bank babncg8. Ihfigther in edit or oY8rdrawn. arè shovm at the v4ntyJnts propattyrtcmrAled to Ihe bank Statements. nslons-+a•finod contrfbutlon tsth¢m The charfty operatas a defined contrlbutlon kn$ion schem8. c0ntrfbuOn$ are ¢h8ryed tothe proflt and loss account a$ they bOme payabl8 In awordsnce wlth Ihè of the scheme. Fund Accountlng Unrestrtcted fundts Are availab10 ustr atth2disc4ot&on ofthè trustee8 In fvrtt)wcé ofthe g¢n•w@l Object&$ ofthè tharity. Degnatd funds ar8 unrestrictèd e8m)ked by tho Truthes forpqrUC9r purpose$. There qr• no r8StriGtsd funds. There aro no end0%6n1 fvnds. 2 Liablllty to taxatlon The Tru51ees considgrthqt the charity $4tlsfi88 thè tests sel out In Paragraph 1 Schedule 6 of th& Flnan¢e Ad 2010 for UK coffpomlion lax purpo$25. According, the Charlty 1$ potenliaftytx¢mpt from laxatlon in re5ped of Income or cap(tal galns received wilhln categories covered by chapter 3 part 11 the C¢rpor&tion Tax Act 2010 or Sectk)n 256 of the Taxatk)n of Chargeabl8 Gains Act 1992. to tha extent that sud) ItKom¢ or gains are applieil exclUSfve ¢n the specW d)*ttable obi8cts gf the ch8rty and f¢r no other pvlpose. Value Added Tax 1$ recoverabla by th¢ ¢harity on taxobje pplies. bjt vffterè il 1$ not r8covéral)ie18.g. on ¢xempt 8upplla$i it is included in the rel8v8nt CQSIS n lh6 Stst•mpnt of FinC A¢tivth8S. 3 WSndlng up or dlssolution of thè ¢harSty t•jIng vp or dissolutlon of Ih? charity Ihere reman assets, kfter tho satlsf8drgn Qf sll dabts and Ikqbuttles. thé •s%els repSented by th8 aumulated fvnd sh811 be tran5ferr8d to 0th8r charitable body or b(xlies ha¥Ang simllar objects to the tharrty. 4 Sognrfinc9 of financlal Instrum•nts to thg charity's posltlon Tlwesre no $vJnrficanl Impli¢4tiong of 8u¢h matl8rs.
Washlngton Millennium Centre Trust Limited Notes to th• A¢¢ounts for the year ended 31 March 2024 S Net $urplus boforn tax In the financial yBar 2024 2023 Tha nat $urplu5 belet In th6 fin8tKk?l yeqris ststed anar charguig:_ DeKction ofowned ffxed assets P8rton ¢o5ts 24,Q4 2.451 19,769 6 Intsrest payabla 2024 2023 Bqnk nterest payab 10 12 7 Taon 2024 2023 1.587 8 Thè eontributlon ot voluntsars The Trust is run by itsTrnstees who are all volle8. Thay sh th the managment Committee and give ttw"rts"me freely to suprKrt the nmnlng ofthe Lntte and manayè stall empw so Ihlhe Twst ran meet fts obi8Gtnfes. The TNstees also set bjdgets and mrterhOWthe Trust is perfoThing. and disCU55ways irtwhll any i71)e Ihat is surpbjsto th& requrements ofdayto day running ¢osts Gan be investwj. AdditJnally. a rnjmbwof volunteers are deployed to run actNfties in lh2 centre, wIDUtthewcanlnLXrt)n the centre Wld bE unableto deliverthe ran9? ofa(livrts that are 50 highty v8kned bytha ¢[mUnity- 9 Staff Costs and omoluments Sal4rycosts 2024 2023 Gross Salarie5 exdudlng tru51ee8 and key managwnent P8r80nnel Employefs Natkinal Insurance aN staff EmpVJyerfs opwatkng costs of deffined cothlxrti penslon $¢hem88 166,391 3,19S 195,308 5,161 2.451 To¢al salaths, waqo8 and rel8t•d 172.038 203.112 Numts•rs olfullflmo •mplOyS orfulltlm8 6wlvalts 2024 2023 Th6 8¥erage numberoftrlal staffémploJd in the y88rwas 14 14 The aveTage numbeT¢f fvll ti))e stqrfempJDyed ffltheyeHrw8S The estrnated fulltitne eqUalent number ofall st8ff etnployed in Ihe yearwas 14 14 14 14 The•mated8qthvalotnber0ffl staff deployedln 4kntXÈvltK5 théyearwas.". Engagod on chit8L ivrtFa8 14 14 14 14 Nellherthe INste8$ n¢Kany persm¥ cmnacted Ihern havo rec¢iwed remunerath)n from the thityor any related 8ntty. eith8r kn the currenter piior year. No ampksyee$ recewed emoluments I?¥¢9 pensv)n costs) in ex$ of t60.QOO p2rannum. 21
Washington Mlllennium Centre Trust Llmlted Notes to th• Accounts for tho y••r •nd•d 31 March 2024 10 Defined contrlbution p•nslon seh8mès The th¥ityoperate8 a d6fined Conlrfbulon pÈrttsion sth¢rr. the costs of whlch aré sho%n above. Any liiW4s ond 5¢rated wih th8 8themtr ¥ showm underdebtor5 and crethors. 11 RèmunèratiorÈ and payments to Trustèès and persons connoctod wlth thèm Notnffjtees orpersons connectya them re¢Ved any¥8muneratIc trm) ts ¢haffty. ¢rany rdated entty. 12 Tanglblè fix•d a¥¥ets Football pltrh. f¢ndnq ot¢ Current Year Plant & Fltngss Machlnwy Egulpment Total ¢ost At 1 April 20TJ Addit¥ 101.435 452,373 2,892 240.904 66 794.712 2.958 At31 Alarch 2024 101A3S 465.265 240,970 797,670 Doprociatlon At 1 A12023 Char98 ferthé yeor 101.435 382,S77 24,1SD 239,872 474 723.884 24,824 At 31 March 2024 101.435 406,827 240.346 748.608 Not btsok valuo At31 Pll•h 2024 624 49,062 At 31 Marth 2023 69,696 1,032 70,728 Foothall pltch. fèoclna etc Prlor Y Pl4Trt & Filn•$8 Machln¢ry Equlpmffit Toial Cost 01 April 2022 AddKlons 101,435 404,081 48,292 240.68S 219 748.201 48.511 IM April 2023 101.435 452.373 240.904 794,712 Dopr•clatlon 01 Apr4 2022 Chargeforthe year 101,435 3fj3,2Q6 19.471 239.574 704,215 19.769 Q1 Aprm 2Q23 101,435 382,677 239.872 723.984 N•t book valu• 01 Aprfl 2023 69,8 1.032 70,724 01 A1 2022 40,875 41,986
Washington Mlllennlum Centrè Tru8t Llmlted Notes to tho Ac¢ounts for th• year endod 31 March 2024 13 Stocks & Work In Progr• 2024 2023 Stocks Woro Write down5 2,420 750 2.420 750 AMtysl¥ of the canylng valu• of sto¢tsandwotltinpmgrw byaciivldas Wtsrkin Pffpgr 2024 Stocks 2024 2023 2023 Artivlty Other chartable acli¥rtN88 2,420 7SO 2.420 750 14 Debtors 2023 Trade debtors Prepawnents accrued Inc¢yne 2.315 f,761 2.39S 1.761 15 Creditors= amounts falling duè within on• ye8r 2024 2023 Trade cr8ditors Accrud8 Corporatvjn ¢a¥ PAYE, NIC VAT and oth8rlaxe$ OtherfAitors 1,719 2,543 1,975 19,489 2,7e8 1138 390 16,902 626 23,725 22.824 16 Income and Expenditur8 accountsurnmary 2024 2023 At 1 Aprll 2023 SurF4J$ aftor laxforlhp y98r Al 31 March 2024 523,117 66,347 4.850 37.467 689,464 523,117 17 No wlated paty transaetions There wero no transactions with related parbes in the year. 23
Washlngton Millènnium Centre Trust Limited Not•$ to tho Accounts for thg yfrar ended 31 Mar¢h 2024 18 Partlculars of how particular fund$ are represented ty assets and liabllluos At 31 March 2024 Uw••tflct•d De•lgn#tèd fuhd$ R•strfthd fundi Total Fw)d¥ Tangible Fixed A8s8ts CutTent A$$&is Currtt Uatslti'e$ 49,062 566,127 125,7251 49,062 566.127 125,72SI $89,464 SBg,464 At 1 Aprll 2023 Unrorf¢t•d Dulgnt•d R•strlcted fund$ fun41• lunds Toi41 Tgble F8 Asx15 CUent As8&s Current Ltr'eS 70,728 275.213 122.8241 70,728 475,213 122.8241 323.117 200.000 523,117 19 Chang• in total funds over th• ra$ shown In Not• 18. anatys•d by indlvldual lunds Fund• brvughl M•vfjmentln Tranthrs Fuwl$ ¢¥wlod forward froffl fund4 in 1024 betsth•n lotwlvdto 2023 fuhd6 In 2024 202$ S¥• Note 20 $•• NolEO Uornstrf¢tsdanddesign4t•d funds... UnreslrKted R•¥ue Funds Degnated Renue Fund$ 323.117 200.000 86,347 389864 200.000 T4)tal unretstrfcted and doslgnatod funds 523,117 589A64 Total charhy lund8 523.117 88.347 589.484 20 Analytyis of movemonts in funds ovgr the yoaras shown ir¢ Nots 19 Othèr Galns& Los5*$ 2024 E¥p•ndRu MD¥efflent fvnds 2024 2024 2024 UfrJréstrict8dandd8signatsdfunds'.- Unreslrith Revenue Funds 405,64Q 1339.2931 66.347 339.2931 66,347 24
Washington Millennium Centro Trust Llmlted Notes to the Accounts for the year ended 31 March 2024 21 Th• purposes forwhich th• funds unr•Siand deslgn8t6dfunds.'_ Tho86 furtds are held fortha meéting the objecti¥88 olth6 d)arity. emdlo provldè serveS forfuture adivities. and, 8ubl8Ct to charty arefréèfrom al re¢t)n8 on their use. This fund rwesentsthtr unre$tricted surtyus artslng M the revatyjatlon of the charW$ asvt$. Thesefunds 8r8 held forlhe meeting of trbje¢ti¥e$ of Ih8 charity tndto Pto¥¢ res¥ forth¢ upkeep oflh6 gymnasium, foolb8N pkch and sofi pltyare& Th8 purpo$¢ of Ih8s&funds is descrfbed undarthè rountkng povcy 'AccounlrKJ fèropital gr)ts and fixed gsset nd8'. UnrIC1ed RevU6 Funds Unrestii&ed ReYu8110n Re$er¥t DésKJnated Re¥enu8 Fund& 0es(9n8ted Fixed Asset Funds R¢ricted Flx¢d Asset Funds The Purpo ofthese funds is d¢sbed und6rth& awountkng polky 'A¢counting forcaplt£l gits and ffxèd 88s¢1 fvnd5'. This fund represenl$the $tricted surplus ari$ing on Ih? r8v81Mtion of the charttW$ a55ets. The purp058 ofthi$fundwas to paythe salarf88 Iho gr relaliThJ to HMRC Job Retention Scham¢ lIst staff were fvrfwgh8d due to Covld- 19 Rethct¢tl Re¥aluatlon ReseN8 RtrrKtod Revffiue Fund 22 Uhimat• eontrolllng party The thaflty 1$ underthe control of Ms legal m8mbÈTs. Every m8mber oftho charlty 18 obll9èd to cOntrie wJ¢h •nounl as maybe wulr¥d not exc88ding £10 lo Ihs assets ol Ihe company in the event Ils being Und upwhll? hfr orshe l¥ a memb8r, orwithin on8 yeorafter h¢ wshecease$ to be a member. 25
Washington Mlllonnium Centro Trust Umltod Detailed analysis of income and •xpgndlture for the year endod 31 March 2024 as rgquired by the SORP 2015 Thls analysls Is ¢lasssified by ¢onventlonal nomlnal de$¢riptions and notby actlvlty. 23 Donatlons, Grants and Logacles ¢urrentyéar CuTr•nty8ar Curr¢nty8ar vnresiricto KÈWICtsO Totsl Fund5 d Funds Funds PrIorYr Totsl Fund8 2024 2024 2024 2023 R•v•nue yrdnts from govèmrnent and publre bodles Connec* Prooramrnes 17,157 Health and wellbeing programme 15.118 Sundetland City C<)unrol Grants and Covid- 19 Grants 3,333 3,333 10,248 Total public sector lenue grants 3,333 3,333 42.S23 Total Donations. Grants and Legacles Total Donations. Grants and Legacios A1 3.333 3,333 42,523 24 Income from ¢harltab19 activities- Tradlng Actlvities Current yoar Currenty•ar Cvrntttyoar Cuwrenty•¥ Unrostrictg R8stFIGtgd T+)tal Fund$ d Fund$ Fuftds 2024 2024 Piior Yoap Tot•1 funds 2024 2023 Prirnary purpos• #nd ancillary tradlng Soft Play Area 124.946 124.946 112,655 Birthday Parts"es 37,085 37.065 34.194 User Groups and other rogm hire 45,962 45,962 Catering 20,024 136.830 136A30 123.629 Gym Income 31,290 31.290 18,449 Football 17.520 17,520 10,302 PhotO-cLJpyiro Income 342 342 327 Total Prfmary purpose and ancillary tradFng 393.95S 393,955 319.580 26
Washington Millennium Centre Trust Limlted Detailed anatysls of income and expendlture for the year ended 31 March 2024 as required by thè SORP 2015 25 Total Incorne from eharitable activities Currerty•qr Currenty•ar Currontye• Total Funds Prlor Year Curr•ntyear d Funds Fuftd5 Total Funds 2024 2024 2024 2023 Total income from charitable trading 393,955 393,955 319,580 Total from charltable actfvitie5 393,955 393,955 319.580 26 Inve$tment In¢ome Cyrr•ntyear Curr•nty8ar ¢urr8nt y••r vnrestrKt• K8*ri¢tea Total Funds d Funds Funds 2024 Prl•rYMr Total Funds 2024 2024 2023 Bank Inter&sl Receivoble 8,352 8,352 1,535 Total invostment Ineomo 8,352 8,352 1,535 27 Expenditure on ¢haritable activities - Charitable tradin9 CuTrent y•ar Curr•nt yoar Curnnt yoar Prlor Yoar vnrestricte R•5trici8a d Funds Totsl Fund8 Funds Totsl Funds Current Year 2024 2024 2024 2023 Catering Supplies and other direct ¢ost8 65,623 65,623 64.309 Total charltable trading costs B2b 65.623 65,623 64,309 27
Washington Millennlum Centre Trust Limlt•d Detailed analysis of Ineome and expendltur? for the yoar •nded 31 March 2024 as requlred by the SORP 2015 28 Support costs for charltable a¢tlvllles Cuirontyear Cuff•ntyear Currentyov Prlor Y¢ar Unrostrictè ResirictO(l T+)tal Funds T*)tsl Funds d Funds Fund8 Cuffent Year 2024 2024 2024 2023 Employeo costs notlncluded In direct costs Salaries- Administrative staff Defined contribution pension cost- administrative staff Employers. Nl - Adrninistrativ8 staff Training and welfare- staff Payroll fees and charges Unlform and PPE 166,391 166,391 195,308 2,451 2.451 2.643 3,196 2,227 1,720 573 3,196 2,221 1.720 S73 $,161 2.198 1,708 129 Premises Expenses Rates and water charges Cleaning and waste management Premises repalrs, renewals and maintenance Propety insurance 1.632 27,559 1.632 27,559 3,187 5.825 25,851 25.8S1 9.020 2,891 2,891 2,722 Admlnistratlve overheads Telephone, fax and inlemel Stats'onery and printing Hire of equipment Sundry expenses SUbSlptions and licences Secuity SeNices Transport Costs 1,774 5,339 1.T14 6.339 2.059 4,096 1.347 161 67 61 763 370 763 370 1.524 261 Professional fees paid to advlsors other than the auditor or examiner Other legal and professional 1,149 1.149 1,083 Finan¢ial costs Depreciation & Amortisation in total for Bank interest payable 24,624 10 24.624 10 19,769 12 Support costs before reallocation 269,063 269,063 258,877 Total support costs - Current Yftar 269.063 269.063 258,877 The basis of allo¢ation of cL)sts belween a¢tiMties is desuibed under aOUnting poli¢ies All the expendibjre in the prior year was unrestricted. Admlnistrative overheads The basis of allocation of costs betsveen a1VItI¥$ is described under acwun&"n9 poliaes 28
Washington Millennium Contre Trust Limited Dgtalled analysis of Incomo and exp?nditure lor the year endod 31 March 2024 as requlrod by the SORP 2015 29 Other Expendltur8- Governan¢o costs ¢urrenty••r Cuwrenty•ar Cutrontyear unresffictè Total Fund6 d Funds Prfor Year Totsl Fund$ Current Year Funds 2024 2024 2024 2023 Independent Examine¢s fees 3,020 3.020 2.699 Total Govgrnanee costs 3.020 3,020 2.699 AJI tho expenditure in the prior year was unrgstricied. 30 Total Charitable oxpenditure Currentygaf Cuirtntyoar Currentyear Prloryoar unrsirtct• K•St d Funds Total Funds Furtds Y¢tal Fund& 24 Current Year 2024 2024 2023 Total charitable trading costs Total support costs Total Governance costs 82b B2d B2a 65,623 269,063 3.020 65.623 269.063 3.020 64.309 258,877 2.699 Total charitable exp¥nditur• B2 337.706 337.706 325.885 I fhe eXpendIre in the prior yearwas unrestricted. Piior Year PrForYear PrlorY•ar unrnct0 Kowi¢tsa Totsl Fund$ d Funds Funds 2023 lor Year 2023 2023 Total charitable trading costs Totsl support ¢osls Total Goveman¢e costs B2b 82d 82e 64,309 258,877 2,699 64,309 258,877 2,699 Total tharltable expèndlturo B2 325.88S 325,88S 31 Taxation Currontr Curr4ntyear Curr•rtyear Prloryear vnresirKts Kestrjcro d Fund5 Funrls Total FMnd¥ Totsl Funds 2024 2024 2024 Corporation 1,587 1A87 286 Totsl taxation tosls B3c 1,587 1.587 Afl the expenditure in the prior yearwas unrestrieted. 29
Washlngton Mlllennium Centre Trust Llmited Detalled analysls of Income and expendlture for the year ended 31 Mar¢h 2024 as required by the SORP 2015 32 Total of othor expenditure Currentye¥r Cuffontyaar Currentyoar Prlor Year T4)tsl Fund8 d Fund8 Total Funds Current Year Funds 2024 2024 2024 2023 Total taxation costs 1.587 1.587 286 Total other exndItuTe 83 1,587 1,587 286 All the expenditure in the prior al was unrestriet¢d. Prfor Year PrlorY•ar unresmcts rfestrictsd d Funds Funds 2023 Prloryoar Total Funds Prior Year 2023 2023 Total taxation costs 286 286 Total other expgndlturo 83 286 286 30