COMPANY REGISTRATION NUMBER.. 05591920 CHARITY REGISTRATION NUMBER: 1117218 Millom Network Centre Limited Company Limited by Guarantee Unaudited Financial Statements 31 December 2023 SAINT & CO Chartered accountants 12113 Church Street Whitehaven Cumbria C428 7AY
Millom Network Centre Limited Company Limited by Guarantee Financial Statements Year ended 31 December 2023 Page Tru5tees' annual report lincorporating the director's report) Independent examiner's report to the trustees Statement of financial activities (including income and expenditure accountl Statement of financial position Note5 to the financial statements li The followlng pages do not forni part of the financial ststementS Detailed statement of financial activities 24 Notes to the detailed statement of financial activities 26
Millom Network Centre Limited Company Limited by Guarantee Trustees. Annual Report {Incorporatin8 the Dirertor's Report) Year ended 31 December 2023 The trustees, who are also the directors for the purposes of company law. present their report and the unaudited financial statements of the charity for the year ended 31 Decernber 2023. Chalr's report Chalrs report l am pleased to be able to report another strong year for Millom Network Centre at Unit three. After an initial start which I can only describe as similar to that of a rocket we are now at a slage of careful consolidation and development in the areas in which we have always operated. Even so. there have , and will be, some major changes Our concern for the Millom community continues as the charity boosts educational achievement through STÉM, provides a warm refuge with Millom ICC, and battles isolation with men's and ladies lunch Eroups. The isolation theme of course links with all our èctivities and people now feel free to jV5t wander in and have a coffee, offer a day's volunteering, or try their hand at. say, upcycling. I think It is fair to say that what we offer covers the wider community demographic with youn8 and old, vlell off and not so much. skilled and non-5killed. Of course. with events like austerity, covid, and rising f¢)od and fuel prices, many people are reelin8 from the financial Shock. This sometime5 means thar we deal wilh people in crisis and at that point it is all hands to the deck until we have them sailing in calmer waters. These cases are dealt with in a discreet, effective and empathelit fashion. It is worth notin8 that our community shop, which concentrates on food goods has been a great success in the past year and is partly responsible for the attraction of people new to the cenire. Our two charity shops in town have also contributed greatly io the charity's upkeep. Along with other activities it is fair to say that Millom Network Centre Is now self-sufficient. We are lucky in that our increasingly close links with South Copeland Disabilitv Group have resulted in Unit Three bein8 now close to ICI)% accessible. It is these same links that have resulted in OUT bid for an accessible minibus bein8 successful. This is tremendous news foi a town with very little public transpon and also will make it easier to access Unit Three, It will be interesting to see in what ways this will alfect the centre but the outlook is positive. I v40uld like to thank our excellent CEO. Angela. her close colleagues and supeib army of volunteers. They have completed a great year de5Plte having to deal with the ups and downs events can bring. Sterling work. As Chair of the board, I wovld also like to thank board members for the gift of their spare time and skills which aid the examination of developments be they good or bad. Many thanks tts all. SECRETARIES REPOA T l only joined trustees 18 month a80. one of the lirst thin8s I had to do was start filin8 minutes and
Millom Network Centre Limited Company Limited by Guarantee Trustees, Annual Report (Incorporating the Director's Report) {toMtlwJedl Year ended 31 December 2023 make sure they were filed as true si8ned copies. This 15 now routine pratlice. but apart from that minor fault, the Network has come along leaps and bounds. the kitchen has had a re-fit. and is allowing our chef do work a lot faster and time savin& the meals on wheels has had a next 2 year boost. with £60,000 Irom Sellafielrj, through funding obtained by lack McPhillips. STÉM is proving to be a popular Educational attraction. and is drawing interesting participants from further afield than just locally, MIILOM ICC is helping older men and women 8etting out, to our luncheons, our volunteers are starting to increase, even if they just call in on the off chance they could get involved. We occasionally have people with mental health problems. who after a very short time, become more tonfident and mix with the other volunteers. After a nasty expensive rnishap with our van, during the floods rtcently, it got water into the engine. and was off the road for a short pefiod, but glad to say is now back in service. and talking of transport, after our bid for funding from GDF was turned down for a minibus, to run a community bus service. we got accepted by the Big Lottery, we are getting delivery of a rnini bus by 17th June. so we hope lo be fully running by August 2024, due to our partnership with South Copeland Disability Group. who also got a handrail through getting a grant from James Fisher and Sons Plc. From the car-pafk to the reception. and also 2 disabled parking bays from TORNADO managernent. We have still had people with benefit issues, such as losing benefit, partly or fully, we have had good success at the tribunals, many people have had problems during this financial crisis, but we have sorted the best part of them, with e55ential equiprnent Of food. The bi8 charity shop is keeping solveni, alon8 Wlth the new pound shop, the community shop is doin8 well, with over 300 members. all making a profit and being sustainable. makes the MNC able to buy more stock, meaning more bargains for the community. With thanks to Tony our project Manager, Angela Dixon the CEO who both work hard to maintain the high level of running the MNC, and the volunteers, and slaff, and the Trustees who manage the financial side, not fcr8etling the general public, who without them we would not be here. Reference and admlnlstratlve drtalls Re8iStered ¢harlty nam• Millom Network Centre Limited Charlty reglstraiion number 1117218 Company reglstritlon number 05591920 Principal office and re8iStered Unit 3 office Devoftshire Road Indusirial Estate Millom Cumbria LA18 4JS
Millom Network Centre Limited Company Llmited by Guarantee Trustees, Annual Report (Incorporating the Director'5 Report) Year ended 310ecember 2023 The trustees Mr O Gabbert Mrs R M lack50n Mrs J Yates Mrs S Sharpe Mr D Baker MrT M¢Cafferty Mr N Moore {Retired 17 july 20241 (Relired 17 July 20241 IRetired 17 july 20241 IRetired 17 july 20241 1Served from 2 August 2023 to 17 July 20241 IRetired 30 January 20231 IRetired 4 January 20231 IAppointed 8 May 20241 Mrs M Moore Mr G McGrath Mr C Webb Mrs A Megson Independent examiner lan kott 8Alhonsl, FC4 DChA 12113 Church Street Whitehaven Cumbria C428 7AY Sirurture and lovernance Governin8 document The charity is a private company limited by guarantee. The members of the company have uaianteed the liability of the company to a limit of £1 each. The 8overning document is the charitable company's Memorandum and Articles of Association. Recruitment and appointment of new trustees The charitable company 15 governed by it5 directors who appoint officers responsible for the management activities. Each member ol the ch311table company has the right to vote for the appointment ¢f directors at the AGM. At each general meeting one quarter lor the number nearest to one q¢Jarterl of the direttors retire and if eligible are available for reelection. Public benefit The trustees confirm that they have complred with their duty under section 4 of the Charities act 2006 to have due regard to the public benefit guidance published by the Charitie5 Comrni55ion and consider that the pursuit of the associates aims through the activities described above is consistent therewith.
Millom Network Centre Limited Company Limited by Guarantee Trustees. Annual Report (Incorporatin8 the Director's Reportl frwthwedj Year ended 310ecember 2023 Obje(tlves and artivitie5 The objectives and aims of the charitable company are to help with the development and sustainability of the local communities in and around the 81ack Combe area of South Copeland. The charity will achieve this by supporting local residents. businesses and partner organisations in the area. A¢hlevements and performance Charitable activities The centres charitable activities were delivered through continutn8 to provide an open facilitv through last year where the local Community could acces5 help with general standards of livin8 and gain advSce on issues that were of a concern to them. The charity is Continuing to work closely wilh other partners delivering services to the community which include the Retreat café, upcyclin classes. Meals on Wheels and Men'5 Group. During the year we have been continually preparing and dealin8 Wlth the needs of the local communities as they are StrulIng with the eost-of.living issues. Financlal revlew At 31 December 2023 there were £128.454 in unrestrirted funds12022 £113.5261. There was also £104.619 in restricted funds12022 £84,441) which will need to be spent in line with the puTpose5 for which the lundint was gained. Total funds at 31 December 2023 were £233,07312022 £197,967). Tangible assets ale £173,92312022 É175,9771 and current assets are £62.2051£54,7351, an intrease of £5,416. from the previous year. Debtors are £55012022 £1.1181 and creditors are £3,60S12022 £3,745). Reserves policy MNC has an established reserves policy which is regularly reviewed. £3.0(Ks per annum 15 set aside from funds received towards a ieserve target of £SO.CQO. The target figure represents 6 months revenue expenditure lestim8ted from Au8U5t 20191. This policy will allow MNC to source additional funds from elsewhere during periods of adversity or if need be. to implement an exit strategy. In january 2017, MNC set up a Liquidity reseNes account to asslst the company to reach this target, paying in £250 per month. At ihe end of 2023. the balance on this account was £11,862 12022 £18.5311. Small cornpany prov4SiOnS This report has been prepared In accordance with the provisions applicable to companies entitled to the small companies, exernption.
Millom Network Centre Limited Company Limited by Guarantee Trustees. Annual Report Ilncorporating the Dirertoes Report) fr¢b7t1edj Year ended 31 December 2023 The trustees, annual report was approved on l October 2024 and signed on behalf of thè board of trustees bv.. Mr D Gabbert Trustee MrsA Megson Trus Charity Secretary
Millom Network Centre Limited Company Umited by Guarantee Independent Examiner's Report to the Trustees of Millom Network Centre Limited Year ended 31 December 2023 I report to the trustees on my examination of the financial statements of Millom Network Centre Limited I'the charity'l for the year ended 31 December 2023. Responsibilities and basis of report As ihe trustees of the company land also its directors for the purposes of company lawl you are responsible for the preparation of the financial statements in accoidance with the requirements of the Companies Act 20061'the 2006 ACYI. 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 eyamination. I report in respect of my examination of the charity's accounts a5 carried out under section 145 of the Charities Act 20111.the 2011 Act'l. In carryin8 Out rny examination I have followed the Directions given by the Charity Commission under section 1451511bl of the 2011 Aa. Independent examlner's statement Since the charit¢$ gross income exceeded £250,CW your examiner must be a member of a bodv listed in section 145 of the 2011 Ad. I confirm Ihat l am qualified to undertake the examination because l am a member of rhe Institute ol Chartered Accountanis in En8land and Wales IICAEWI, which is one of the listed bodies. I have completed my examination. I confifrn that no matters have come to my attention in connection with ihe examination giving me cause to beliève. accountin8 records were not kept in respect of the charity as required by section 386 of the 2006 Art.. or the financial statements do not accord with those records. or the financial statements 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 15 not 3 mattef considered as part of an independent examination,. or the financial statements have not been prepared in accordance with the methods and principle5 of the Statement of Recommended Practice for accounting and reportin8 by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Reptjblic of Ireland IFRS 1021.
Millom Network Centre Limited Company Limited by Guarantee Independent Examiner's Report to the Trustees of Millom Network Centre Limited IcgntlnrJ Year ended 31 December 2023 I have no concerns and have come across no other matters in connection with the examination lo which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. lan Scott BAlhonsl. FCA. DChA Independent Examiner 12113 Church street Whitehaven Cumbria CA28 7AY l October 2024
Millom Network Centre Limited Company Limited by Guarantee Statement of Financial Artivities (including income and expenditure account} Year ended 31 December 2023 2023 Restritted funds Total funds Total funds 2022 Unrestricted funds Note Income and endowments Donations and le8acie5 Charitable activities Other trading activitie5 Investment income 11,358 118.364 7,452 332 139.771 151,129 118.364 7.452 332 108,648 85.311 24,327 78 Total Incom• 137,506 139,771 177.277 218,364 Expenditure Expenditure on raisin8 hjnds.. Costs of raisin8 donations and legacies Expenditure on charitable artivities 10,11 6,790 115,788 20,980 98.613 27.770 214,401 12.553 171,218 Total expendltur 122.578 119.593 242.171 183,771 Net income and net mo¥ement in fvnds 14.928 20,178 35,106 34,593 Reconclllation of funds Total funds brought lorward 113,526 84,441 197,967 163,375 Total funds carrled forward 128.454 104,619 233,073 197,967 The statement of financial artivities Tncludes all gain5 and losses reco8nised in the year. All intome and expenditure der¢ve from continuing activities. notes Ilto 211orrn 01thfiNlI1 statements.
Millom Network Centre Limlted Company Llmited by Guarantee Statement of Financial Position 31 December 2023 2023 2022 Fixed assèts Tangible fixed assets 16 173,923 175,977 Current assets Debtors Cash al bank and in hand 17 550 62,205 1,117 53,619 62.755 54,736 Credltors.. amounts falllns due withln one year Net current a$5ets 18 3.605 32,745 59.150 21,991 Total assets less current liabllltles 233.073 197,968 Net assets 233,073 197,968 Funds of the charfty Restricted funds Unrestricted funds 104,619 128,454 84,441 113,526 Total charlty funds 20 233,073 197,967 For the year ending 31 December 2023 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relatin8 to small companies. Directors, responsibililies.. The members have not required the company to obtain an audit of its financial statements tor the year in question in accordance with section 476,. The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accountin8 records ènd the preparation of financial statements. These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies, regime. The statement of financial position continues on the following page. notes on page5 1110 22 fm part ofth•5e frnancial statèments.
Millom Network Centre Limited Cornpany Limited by Guarantee Statement of Financial Position 31 December 2023 These financial staternents wefe approved by the board of trustees and authorised for issue on I October 2024, and are signed on behalf of the board by.. Mr D Gabbert Trustee MrsA Me8son Trustee Th• notos on p4e$ 11 to Zi f¢>rni w dtht5e finamial staternents. io
Millom Network Centre Limited Company Limited by Guarantee Notes to the Financial 5taternents Year ended 31 December 2023 General infomiatlon The Charity is a public benefit entity and a private company limited by guarantee, registered in England and Wales and a re8istered charity in England and Wales. The addre55 of the registeied office is Unit 3, Devonshire Road Industrial Estate, Millom. Cumbria. LA18 4J5. Statement of ¢ompllance These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland,, the Statement of Recommended Practice applicable to charitres preparing their account5 in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 Icharities SORP IFRS 10211 and Ihe Companies Aa 2Crf)6. Ac¢ountlng policles Basls ol preparatlon The financial 5tatemenls have been prepared on the historical cost basis. as modified by the revaluatron of certain finantial a55eis and liabilities and investment propertie5 measured at fair value through income or expenditure. The financial statements are prepared in sterling, which is the functional currency of the entitv. Golni <oncem There are no material uncertarnties atxjut the charity's ability to continue. li
Millom Network Centre Limited Company Limited by Guarantee Notes to the Financial StatementSI(•KbNdJ Year ended 31 December 2023 Ac¢ounting poli¢les It1) Judiements and key sources of estimation uncertainty The preparation of the financial staternents requirès management to make jud8ernentS, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of futuie events that are believed to be reasonable under the (Ircumstans. Significant judgements The judgements (apart from those involving estimations) that management has made in the process of applying Ihe entity's accounting policies and that t)ave the most Sl8nificant effect on the amounts fecognised In the financial statements are as follow5.. Impairment of fixed assets The company is required to review fixed assets for impairnient. Management make judgements about the condition of assets and review their estimated lives. Key sources of estimation uncertainty Accounting estimate5 and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome. The key assumptions and other sources ol estimation uncertainty that have a significant risk of causing a material adjustment to the Carrying amount5 of assets and liabilities within the next financial year 3re as follows.. The useful economic life of each category of fixed asset is assessed when acquired by the company. A degree of estimation is occasionally used in assessin8 the useful economic life of assets. Fund actountln8 Unrestricted funds are available for use at the discretion of the trustees to further any of the charily's purposes. Designated funds are vnrestricted funds earniarked by the trustees for particular future project or commitment. Restricted funds are 5ubjetted to restriciions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classe5.' restricted income funds or endowment funds. 12
Millom Network Centre Limited Company Limited by Guarantee Notes to the Financial Statements IcthItth4j Year ended 31 December 2023 Accounting policle5 Ilwbii Incornini resources All Incoming resources are induded in the statement of financial activities when entitlement has passed to the charity- it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measufed. The followin8 specific policies are applied lo particular categories of income= income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt 15 probable and its amount can be measured reliably. legacy income is recognised when receipt is probable and entitlement is established. income from donated 8oods is measured at the fair value of the goods unless thi5 IS impractical to measure reliably. in which case the value is derived from the cost to the donor or the e5tirnated resale value. Donated facilities and services are reco8nised in the accounts when ieceived if the value can be reliably measured. No amounts are included for the contribution ol 8eneral volunteers. income from contracts for the supply of services is reco8ni5ed with the delivery of the contrarted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular p*Jrpose and returned if unspent, in which Case it may be regarded as restricted. Resources expended Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT whith cannot be fully recovered, and is classified under headin8s of the statement of financial activitie5 to which it relates.. expenditure on raislng funds includes the costs of 311 fundralsin8 activities, events, non-charitable trading activities. and the sale of donated goods. expenditure on charitable artivities include5 all cost5 incurred by a Charity in undertaking activities that further its charitable arms for the benefit of its beneficiaries. including th05e 5UPPOrt costs and costs relating to the governance of the charity apportioned to charitable other expenditure includes all expenditure that is neither lated to raising funds for the charity nor part of its expenditure on charitable activitie5. All costs are allocated to expenditvre categories rellecting the (rse of the resource. Direct costs attributable to a single artivity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a rea50nèble, justifiable and con515tent basis. 13
Millom Network Centre Limited Company Limited by Guarantee Notes to the Financlal Statements Year ended 31 December 2023 Accounting policles luJthwOI Tangible assets Tangible asset5 are initially retorded at cost, and subsequently staled at cost le55 any accumulated depreciation and impairment 105ses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment105ses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other recogni5ed gains and losses, unless It reverses a charge for impaiment that has previously been reco8nised as expenditure within the Statement of financial activities. A decrease in the carryin8 amount of an asset as a result of revaluation. is recognised in other recognised gain5 and losses. except to which it offsets arty previous revaluation gain, in which case the Ioss is shown within other recognised gains and losses on the statement of financial activities. Depreciatlon Depreciation is calculated so as to write off the cost or valuation of an asset, less Its residual value, over the useful economic life of that asset as follows- Leasehold properties Fixtures, fittings and equipment Motor vehicles Equipment Computer equipment Straight line over the life of the lease 20% straight line 20% straight line 10%- 20% straight line 33% straizht line Impairment of fixed assets A review for indicators of impairment is carried out at each reporting dare, with the recoverable amount being estimated where such indicators exist. Whefe the carrying value exceeds the recoverable amount, the asset Is impaired accordingly. Prior irnpainnents are also reviewed lor possible reversal at each reporting date. For the purposes of irnpairment testin& when it is not possible to Èstimate the recoverable amount of an individual asset. an estimate is made of the recoverable amount of ihe cash-generating unit to which the asset belong5. The cash-generatin8 unit is the smallest Identifiable group ol assels that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill. the goodwill acquired irh a business tombination is, from the acquisition date. allocated to each of the cash-generating Units that are expected to benefit from the synergies of the combination, IrspeCtive of whether other asset5 or liabilities of the charity are assi8ned to those units. 14
Millom Network Centre Limited Company Limited by Guarantee Notes to the Financial StstementSlthrytvJr¥ Year ended 31 December 2023 Accounting policies l¢thryt&wdJ Financial InstNments A financial asset or a financial liability is recognised only when the charity becomes a party to the contractual provisions of the instrument. Baslt financial instruments are initFally recognised at the amount receivable or payable includin8 any related transaction costs. Current a55ets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted. Debt instruments are subsequently measured at amortised cost. Where investments in shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in income and expenditure. All other Such investments are subsequently measured at cost less impairment. other financial instruments, including derivatives, are initially fecognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rale of interest for a similar debt instrument. Other finantial instruments are subsequently measured at fair value, with any change5 recognised in the statement of financial activities. with the exception of hedging instruments in a desisnaled hed8ing relationship. Financial assets that are rneasud at cost or amortised cost are reviewed for objective evidence of impairment at the end ol each reporting dale. If there is objective evidence of impairment. an impairmenl loss is recognised under the appropriate heading in the statement of financial activities in which the initial gain was recognised. For all equity instruments regardless of significance. and othef financial assets that are individually si8nifi¢ant, these are asse$5ed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristlC5. Any reversals of impairment are recognised immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carryin8 amount would have been had the impatrment not pieviously been recognised. Oellned c¢ntributlon plan5 Contributions to ijefined contribution plans are recognrsed as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payment5 or a Cash refund. Is
Millom Network Centre Limited Company Limited by Guarantee Notes lo the Financial StatementSlmTthr Year ended 31 December 2023 Accounting poli¢les Ii&*vJwdi Defined c¢ntribulion plans ((L7bitsA11 When contiibutions a not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related SeiCe. the liability is measured on a discounted present value basis. The unwindin8 of the discount is recognised as an expense in the period in which it arises. Limited by warantee Millom Network Centre Limited is a company limited by guarantee and accordin8ly does not have a share capital. Every member of the company undertakes to contribute such amount as may be required nol exceeding £1 to the 355ets of the charitable company in the event of it's bein8 wound up while he or she is a member, or within one year after he or she ceases to be a rnember. Donatlons and le8acl•s Unresiricted Funds Restricted Total Funds Funds 2023 Oonatlons Donations 11,358 12.262 Grants Cope13nd 8orou8h Council Cumbria County Council Nalional Lottery Icc Other 8iants NHS- Warm hub Feeding Britain Blitz grants LLW Repository grant Sir john Fisher grant STEM grants 12.70S 12,705 20,514 9,705 20.514 9,705 15,OC 10.000 44,762 9.200 1,927 15,054 15,000 10.000 44.762 9,200 1.927 15.054 11.358 139,771 151,129 Unrestrirted Funds Restricted Total Funds Funds 2022 Donations Donations 74,422 74.422 16
Millom Network Centre Limited Company Llmited by Guarantee Notes io the Financial Ststements Year ended 31 Oecernber 2023 l)onations and legacies Unrestricted Restritted Total Funds Fund5 Funds 2022 Grants Copeland Borough Countil Cumbria County Council National Lottery Icc Other grants NHS- Warm hub Feeding Britain Blitz grants LLW Repository grant Sir John Fisher grant STEM grants 3,589 5,993 3,S89 5,993 23.448 668 528 23,448 668 528 84,S32 24,116 108,648 Charitable activlties Unrestricred Total Funds Unresrricted Total Funds Funds 2023 Funds 2022 Sale of 8oodslservices Catering Facilities hire 88.478 21.793 8,093 88.478 21,793 8,093 60,794 12,092 12,425 60,794 12.092 12,425 118.364 118.364 85,311 85,311 Other tradlng activitles Unrestricted Total Funds Unrestricted Total Funds Funds 2023 Funds 2022 Printing Services Rental income Miscellaneous income 133 23,970 224 133 23.970 224 7,452 7.452 7,452 7.452 24,327 24,327 17
Millom Network Centre Limited Company Limited by Guarantee Notes to ihe Financial Statements Icl Year ended 31 December 2023 Investment income Unrestricted Total Funds Unrestricted Total Funds Fund5 2023 Funds 2022 Bank interest reteivable 332 332 78 78 Cost5 of raislni donations and le8acles Unrestricted Funds Restricted Total Funds Funds 2023 Costs of raising donatlons and legacies 6,790 20,980 27,770 Unrestricted Restricred Total Funds Funds Funds 2022 Costs of raising donations and legacies 12,154 399 12.553 10. Expendlture on chaiitable activltles by fund type Unrestricted Funds Restricted Total Funds Funds 2023 Direct charitable activities Support costs 94.669 21.119 87,124 11,489 181,793 32.608 115,788 98,613 214,401 Unrestricted Funds Restricted Total Funds Funds 2022 Direct charitable activities Support Costs 127.721 18,108 127,721 43,497 25,390 145.829 25.390 171.218 18
Millom Network Centre Limited Company Limited by Guarantee Notes to ihe Finanoal 5tatementsitOHthJr* Year ended 31 December 2023 11. Expenditure on charitsble adivities actlvity type Activilies undertaken directly Support Total funds Costs 2023 Total fund 2022 Direct charitable activities 181.793 32,608 214,401 171,218 12. Analysi5 of support Costs Analysis of support costs Total 2023 Total 2022 Communications and IT General office Governance costs 7.621 18,661 6,326 7,621 18.661 6,326 2,705 24,249 16.543 32,608 32,608 43,497 13. Net Income Net income is stared after Chargin[credItIng)'. 2023 2022 Depreciation of tangible fixed assets 14.636 14,544 14. Staff costs The tolal staff costs and employee benefits for ihe reporting period are analysed as follows.. 2023 2022 Wage5 and 5alarie5 Employer contributions to pension plans 129.163 1.020 92,548 966 130.183 93,514 The average head count of employees dLtfing the year was 1012022.. 81. The average nurnber of full-time equivalent employees during the year is analysed as follows.. 2023 No. 2022 Number of staff io No employee received employee benefits of more than £60,¢3)O during the year12022.. Nill. 19
Millom Network Centre Limited Company Llmited by Guarantee Notes to the Financial Statements Year ended 310ecember 2023 15. Trustee remuneratlon and expenses No remuneration oi other benefits from employment with the charity or a related entity were receiyeii by the trustees. 16. Taniible fixed assets Land and Fixtures buildings and fittings Motor Computer vehicles Equipment equipment Total Cost At I lan 2023 Additions 138.438 3,656 2.890 4,678 41,690 25,308 3,248 56.099 264,425 12,582 At 31 Dec 2023 142,094 7,568 41,690 28,556 57,099 277,007 Depreciatlon Al I lan 2023 Charge for the vear 16,908 1.507 8,338 5,596 56,099 88,448 2,160 968 8,338 3,142 28 14,636 At 31 Dec 2023 19.068 2.475 16,676 8.738 56,127 103,084 Carrying amounl At 31 Dec 2023 123,026 5.093 25,014 19.818 972 173,923 At 31 Dec 2022 121,530 1,383 33.352 19,712 175,977 17. Oebtors 2023 2022 Prepayrnents and accrued income Other debtors 550 607 510 S50 1,117 18. Creditors: amounts falling due within one year 2023 2022 Trade creditors Accruals and deferred income Pension liability 23 32,253 492 178 3.605 32,745 20
Millom Network Centre Limited Company Limited by Guarantee Notes lo the Financial statements Year ended 310ecember 2023 19. Pension5 and other post retirement benefits Oefined contiibution plan5 The amount recognised in income or expenditure as èn expense in relation to defined contribution plans was £1.02012022.. £%61. 20. Analysts of charitable fund5 Unrestrlrted lunds At 31 Oecember 2023 At l January 2023 Income Expenditure General funds 113,526 137,506 1122,S781 128,454 At l January 20 22 At 31 December 2022 Income Expenditure General lunds 77.261 194,248 1157.9831 113,526 Restrlrted fvnds At JI Oe<ember 2023 At l January 2023 Income Expenditure Restricted Fund 84.441 139.771 {119,5931 104.619 At l January 20 22 At 310ecember 2022 Income Expenditure Restrbcted Fund 86.114 24.116 12S,7891 84.441 21
Millom Network Centre Limited Company Limited by Guarantee Notes to the Financial Statements It•11tknt4J Year ended 31 December 2023 21. Analysls of net assets between funds Unrestflcted Funds Restricted Total Funds Funds 2023 Tangible fixed assets Current assets Creditors less than I year 83.207 25,017 13,6051 90.716 37,738 173,923 62,755 13,6051 Net assets 104,619 128,454 233,073 Vnrestrided Funds Restricted Total Funds Funds 2022 Tangible fixed assets Current assets Creditors less than l year 91.536 24,516 12,5261 84,441 30,219 130.2191 175,977 54,735 132,7451 Net assets 113.526 84,441 197,967 22