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 Stru￿lIng 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¢b7t1￿edj 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 Icgntlnr￿J 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 ￿ 01th￿fiN￿lI1 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