COMPANY REGISTRATION NUMBER: 05591920 CHARITY REGISTRATION NUMBER: 1117218 Millom Network Centre Limited Company Limited by Guarantee Unaudited Financial Statements 31 December 2024 SAINT & CO Chartered accountants 12/13 Church Street Whitehaven Cumbria CA28 7AY
Millom Network Centre Limited Company Limited by Guarantee Financial Statements Year ended 31 December 2024 Page Trustees, annual report (incorporating the director'5 report) Independent examiner's report to the trustees Statement of financial activities (including income and expenditure account) Statement of financial position Notes to the financial statements 10 The followlng pages do not form part of the financial statements Detailed statement of financial activities 23 Notes to the detailed statement of financial activities 25
Millom Network Centre Limited Company Llmlted by Guarantee Trustees, Annual Report (Incorporating the Director's Report) Year ended 31 December 2024 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 December 2024. Chair's report Chairs report 2023-24 has been another significant year for Millom Network Centre as we have continued to con501idate and build upon developments from the previous years as well as attracting funding for new projects all of which contribute to our over-all aim of meeting the needs of our local community, particularly its more vulnerable members. The year has 3150 presented the trustees with some new challenges particularly around governance which have caused us to face some difficult yet necessary questions. In terms of the provision already in place activitles have become more established and grown. The two charity shops have continued to provide a service to the community as outlets for recycled and pre-loved items at affordable prices. In particular the £1 shop and reasonably priced furniture have been a great help to many in the community. Both shops have also generated income to support MNC'S wider work that does not generate an income. Similarly, the kitchen activity has grown, continuing to deliver the daily meals-on-wheels project, hot food in the Community Grocery and a number of other local outlets and meals for the developing luncheon clubs. The kitchen too generates income to support the wider work. The Community grocery has grown in membership and stock and provides a good range of groceries at affordable prices as well as daily free items bringing a lot of local people onto the premises who might otherwise not visit MNC. Again, the profrts feed back into the project's development and wider MNC provision, The Lottery funded Blitz programme has been invaluable as a major outreach and support project and has been central to the development of the lunch clubs, up-cycling use of the workshop, links with DWP and schools and complimenting the STEM project. Blitz continues to exceed most of its milestones and targets. STEM (Science, Technology, Engineering and Maths} has grown this year with a couple of community events and particularly works in schools reachlng over 990 participants. During this year MNC has also been successful in attracting more grant funding to initiate new development5 including £180,000 for a 3-year community bus project, £60,(KJO to subsidise meals-on-whee15 for 2 years, £30,Crf)O to improve and upgrade the kitchen facilities and some smaller grants to kick-start the men's and women's lunch clubs. On a more challenging note, two major events, a split in the board and an employment tribunal, caused the trustees to re-visit and refine our governance procedures and processes. Whilst both of these were difficult at the time, managers and the remaining trustees have learnt albeit 'the hard way, and ultimately the organisation has been strengthened and is now hopefully more robust. In summary at the end of 2023-24 we believe MNC has grown and developed and certainly has increased potential going forward. MNC remains committed to making the best of the resources available and realising our own and other's potential so as to best meet the needs of Millom and its wider community.
Millom Network Centre Limited Company Limited by Guarantee Tru5tees' Annual Report {Incorporatlng the Director'5 Report) (tortlnuedl Year ended 31 December 2024 Reference and administrative detsils Registered charlty name Millom Network Centre Limited Charity registration number 1117218 Company registration number 05591920 Principal Offi and registered Unit 3 offi Devonshire Road Industrial Estate Millom Cumbria LA18 4JS The trustees Mr D Gabbert Mrs R M Jackson Mrs J Yates Mrs S Sharpe Mr D Baker Mr T Mccafferty Mr N Moore Mrs M Moore Mrs A Megson (Retired 17 July 2024) (Retired 17 J uly 2024) (Retired 17 July 2024) (Retired 17 July 2024) (Retired 17 July 2024) (Appointed 8 May 2024) Independent examiner lan Scott BAlhonsl, FCA, DChA 12/13 Church Street Whitehaven Cumbria CA28 7AY
Millom Network Centre Limited Company Limited by Guarantee Trustees, Annual Report (Incorporating the Director's Report) Icontinuedj Year ended 31 December 2024 Structure and governance Governing document The charity is a private company limited by guardntee. The members of the company have guaranteed the liability of the company to a limit of £1 each. The governing document is the charitable company's Memorandum and Articles of Association. Recruitment and appointment of new trustees The charitable company is governed by it's directors who appoint officers responsible for the management activities. Each member of the charitable company has the right to vote for the appointment of directors at the AGM. At each general meeting one quarter {or the number nearest to one quarterl of the directors retire and If eligible are available for re-election. Public benefit The trustees confirm that they have complied with their duty under section 4 of the Charities act 2CK)6 to have due regard to the public benefit guidance published by the Charities Commission and consider that the pursuit of the associates aims through the activities described a bove is consistent therewith. Objectives and activities The objectives and aims of the charitable company are to help with the development and sustainability of the local communities in and around the Black Combe area of South Copeland. The charity will achieve this by 5UPPOrting local residents businesses and partner organisations in the area. Achievements and performance Charitable activities The centres charitable activities were delivered through continuing to provide an open facility through last year where the local community could access help with general standards of living and gain advice on issues that were of a concern to them. The charity is continuing to work closely with other partners delivering services to the community which include the Retreat café, upcycling classes, Meals on Wheels and Men's Group. During the year we have been continually preparin8 and dealing with the needs of the local communities as they are struggling with the cost-of-living issues.
Millom Network Centre Limited Company Limited by Guarantee Trustees, Annual Report (Incorporating the Dlrector's Report) {¢ontinuedl Year ended 31 December 2024 Financial review At 31 December 2024 there were £51,110 in unrestricted funds12023 £128,454). There was also £225,179 in restricted funds12023 £104,619) which will need to be spent in line with the purposes for which the funding was gained. Total funds at 31 December 2024 were £276,289 12023 £233,073). Tangible assets are £260,38512023 £173,923) and current assets are £70,5901£62,205), an increase of £94,847. from the previous year. Debtors are £1,814 {2023 £5501 and creditors are £56,500 (2023 £3,605). Small company provisions This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption. The trustees, annual report was approved on 29 August 2025 and signed on behalf of the board of trustees by.. Mr D Gabbert tee Mrs A Megson Trustee Charity Secretary
Millom Network Centre Limited Company Limited by Guarantee Independent Examiner's Report to the Trustees of Millom Network Centre Llmlted Year ended 31 December 2024 I report to the trustee5 on my examination of the financial statements of Millom Network Centre Limited {'the charity'l for the year ended 31 December 2024. Responsibilities and basis of report A5 the 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 accordance with the requirements of the Companies Act 20061'the 2006 Act'}. Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the 2CK)6 Act and are eligible for independent examination. I report in respect of my examination of the charity's accounts as carried out under section 145 of the Charities Act 20111'the 2011 ACVI. In carrying out my examination I have followed the Directions given by the Charity Commission under section 14515llb) of the 2011 Act. Independent examiner's statement Since the charity's gross income exceeded £250,OChJ your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that l am qualified to undertake the examination because l am a member of the Institute of Chartered Accountants in England and Wales IICAEWI, which is one of the listed bodies. I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe.. accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act; 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 is not a matter considered as part of an independent examination,. or the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by cha rlties applicable to cha rities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021.
Millom Network Centre Limited Company Limited by Guarantee Independent Examiner's Report to the Trustees of Mlllom Network Centre Limited 1¢tInued} Year ended 31 December 2024 I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. lan Scott BAlhons), FCA, DChA Independent Examiner 12/13 Church Street Whitehaven Cumbria CA28 7AY
Millom Network Centre Limited Company Limited by Guarantee Statement of Flnancial Activities (including income and expenditure account) Year ended 31 December 2024 2024 Restricted funds Total funds Total funds 2023 Unrestricted funds Income and endowments Donations and legacies Charitable activities Other trading activities Investment income 8,247 128,578 14,048 192 218,137 226,384 128,578 14,048 192 151,129 118,364 7,452 332 Totsl income 151,065 218,137 369,202 277,277 Expendlture Expendlture on raising fund5: Costs of raising donations and legacies Expenditure on charitable activitie5 10,11 44,151 184,258 5,649 91,928 49,8(Kl 276,186 27,770 214,401 Total expenditu 228,409 97,577 325,986 242,171 Net income and net movement in funds (77,3441 120.560 43,216 35,106 Reconciliation of funds Total funds brought forward 128,454 104,619 233,073 197,967 Total funds carried fonNard 51,110 225,179 276,289 233,073 The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activitie5. The notes on pa8es 10 to 21 form part of these financial statements.
Millom Network Centre Limited Company Umlted by Guarantee Statement of Financial Position 31 December 2024 2024 2023 Note Fixed assets Tangible fixed assets 17 260,385 173,923 Current assets Debtors Cash at bank and in hand 18 1,814 70,590 550 62,205 72,404 62,755 Creditors: amounts falling due within one year 19 56,500 3,605 Net current assets 15,904 59,150 Total assets less current liabilities 276,289 233,073 Net assets 276,289 233,073 Funds of the charity Restricted funds Unrestricted funds 225,179 51,110 104,619 128,454 Total charity funds 22 276,289 233,073 For the year ending 31 December 2024 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. Directors, responsibilities.. The members have not required the company to obtain an audit of its financial Statements for the year in question in accordance with section 476; The directors acknowledge their responsibilities for complying with the requirement5 Of the Act with respect to accounting records and 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. The notes on pages 10 to 21forrn part of these linanclal statement$.
Millom Network Centre Limited Company Limited by Guarantee Statement of Financial Position (Contin) 31 December 2024 These financial statements were approved by the board of trustees and authorised for issue on 29 August 2025, and are signed on behalf of the board by: Mr D Gabbert Trustee Mrs A Megson Trustee The notes on pages 10 to 21 form part of these financial statements.
Millom Network Centre Limited Company Limited by Guarantee Notes to the Financial Statements Year ended 31 December 2024 General information The charity is a public benefit entity and a private company limited by guarantee. registered in England and Wales and a registered charity in England and Wales. The address of the registered office is Unit 3, Devonshire Road Industrial Estate, Millom, Cumbria, LA18 4JS. Staternent of compliance 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 appllcable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 1021 (Charities 50RP {FRS 1021} and the Companies Act 2006. Accounting policie5 Basis of preparation The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure. The financial statements are prepared in sterling, which is the functional currency of the entity. Going conrn There are no material uncertainties about the charity's ability to continue. 10
Mlllom Network Centre Limited Company Limited by Guarantee Notes to the Financial Statements (contlnuedj Year ended 31 December 2024 Accounting policies i(ontinued) Judgements and key sources of estimation uncertainty The preparation of the financial statements requires management to make judgements, 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 future events that are believed to be reasonable under the circumstances. Significant judgements The judgements (apart from those involving estimations) that management ha5 made in the process of applying the entity's accounting policies and that have the most significant effect on the amounts recognised in the financial statements are as follows: Impairment of fixed assets The companu is required to review fixed assets for impairment. Management make judgements about the condition of assets and review their estimated lives. Key sources of estimation uncertainty Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome. The key assumptions and other sources of estimation uncertainty that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are 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 assessing the useful economic life of assets. Fund accounting Unrestricted funds are available for use at the discretion of the trustees to further any of the charity'5 purposes. Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment. Restricted funds are subjected to restriction5 on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes: restricted income funds or endowment funds. 11
Millom Network Centre Limited Company Limited by Guarantee Notes to the Financlal Ststements Icontiftuedl Year ended 31 December 2024 Accounting policies {tofttirtuedJ Incoming resources All incoming resources are included 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 measured. The following specific policies are applied to particular categories of income- income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably. legacy income is recognised when receipt is probable and entitlement is established. income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers. income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose 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 which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates: expenditure on raising funds includes the costs of all fundraising activities, events, non-charitable trading activities, and the sale of donated goods. expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiarie5, including those SUPPOrt costs and cost5 relating to the governance of the charity apportioned to charitable activities. other expenditure includes all expenditure that is neither related to raising fund5 for the harity nor part of its expenditure on charitable activities. All costs are allocated to expenditure categorie5 reflecting the use of the resource. Dirert cost5 attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the artivities they contribute to on a reasonable, justifiable and consistent basis. 12
Millom Network Centre Limited Company Limited by Guarantee Notes to the Flnancial Statements {contlrtuedl Year ended 31 December 2024 Accountin8 policies l¢•ntinuedJ Tangible assets Tangible assets are initially recorded at cost, and subsequently stated at cost le55 any accumulated depreciation and impairment losses. 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 impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other recognised gains and losses, unless it reverses a charge for impairment that has previously been recognised as expenditure within the statement of financial activities. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other recognised gains and losses, except to which it offsets any previous revaluation gain, in which case the loss is shown within other recognised gains and losses on the statement of financial activities. Depreciation Depreciatlon 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: Leashold 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%- 20Yo Straight line 33% straight line Impalrment of fixed assets A review for indicators of impairment is carried out at each reporting date, with the recoverable amount bein8 estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belong5. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testlng of goodwill, the goodwill acquired in a business comblnatlon is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the charlty are assigned to those units. 13
Millom Network Centre Limited Company Limited by Guarantee Notes to the Financial Statementslcorthwed) Year ended 31 December 2024 Accounting policies fcgntlnuedj Financial instruments A financial asset or a financial liability is recognised only when the charity becomes a party to the contractual provisions of the Instrument. Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs. Current assets 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 amortlsed 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 recognised at fa ir 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 rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised In the statement of financial activities, with the exception of hedging instruments in a designated hedging relationship. Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment 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 other financial assets that are individually sign ificant, these are assessed individually for impa irment. Other financial assets are either assessed ind ividually or grouped on the basis of similar credit risk cha racteristics. 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 carrying amount would have been had the impairment not previously been recognised. Defined contrlbution plans Contributions to defined contribution plans are recognised as an expense in the period in which the related seNice is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. 14
Millom Network Centre Limited Company Limited by Guarantee Notes to the Financlal Statements (continuedj Year ended 31 December 2024 Accounting policies Icontlnueè) Defined contribution plans Icontlnuedj When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employee5 render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as an expense in the period in which it arises. Llmlted by guarantee Millom Network Centre Limited is a company limited by guarantee and accordingly does not have a share capltal. Every member of the company undertakes to contribute such amount as may be required not exceeding £1 to the assets of the charitable company in the event of it's being wound up while he or she is a member, or within one year after he or she cease5 to be a member. Donations and legacies Unrestricted Funds Restricted Total Funds Funds 2024 Donations Donation5 3,758 3,758 Grants Copeland Borough Council National Lottery Icc NHS- Warm hub Feeding Britain Blitz grants LLW Repository grant Sir John Fisher grant STEM grants National lottery- grant for bus CCC Grant- mens and ladies lunch club Sellafield MOW grant CCC - Transferable skills CCC - Kitchen refit CCC- food support Cumberland Building Society- Recycling lives 58,970 58,970 6,280 123,487 S,10 17,OCKI 1,400 5,OCMJ 1,0 6,280 123,487 5,0(Kl 17,OLN) 4,489 8,247 218,137 226,384 15
Millom Network Centre Limited Company Limited by Guarantee Notes to the Financial Statements (contiMdI Year ended 31 December 2024 Donations and legacies l¢ontlnuedJ Unrestricted Funds Restricted Total Funds Funds 2023 Donatlons Donations 11,358 904 12,262 Grants Copeland Borough Council National Lottery Icc NHS- Warm hub FeedinE Britain Blitz grants LLW Repository grant Sir John Fisher grant STEM grants National lottery- grant for bus CCC Grant- mens and ladies lunch club Sellafield MOW grant CCC - Transferable skills CCC - Kitchen refit CCC- food support Cumberland Building Society- Recycling lives 12,705 20,514 9,705 15,000 io,o(x) 44,762 9,200 1,927 15,054 12,705 20,514 9,705 15,000 10.000 44,762 9,200 1,927 15,054 11,358 139,771 151,129 Charitable activities Unrestricted Total Funds Unrestricted Total Funds Funds 2024 Funds 2023 Sale of goods/service5 Catering Facilities hire 94,682 33,896 94,682 33.896 88,478 21,793 8,093 88.478 21,793 8,093 128,578 128,578 118,364 118,364 Other tradlng activities Unrestricted Totsl Fund5 Unrestricted Total Funds Funds 2024 Funds 2023 Rental Income 14,048 14,048 7,452 7,452 16
Millom Network Centre Limited Company Limited by Guarantee Notes to the Financial Statements (contlnuedj Year ended 31 December 2024 Investment income Unrestricted Total Funds Unrestricted Total Funds Funds 2024 Funds 2023 Bank interest receivable 192 19Z 332 332 Costs of raising donations and legacies Unrestricted Funds Restricted Totsl Funds Funds 2024 Costs of raising donations and legacies 44,151 5,649 49,800 Unrestricted Funds Restricted Total Funds Funds 2023 Costs of raising donations and legacie5 6,790 20,980 27,770 10. Expenditure on charitable artivities by fund type Unrestricted Funds Restricted Total Funds Funds 2024 Direct charitable activities Support costs 154,233 30,025 65,142 26,786 219,375 56,811 184,258 91,928 276,186 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 17
Millom Network Centre Limited Company Limited by Guarantee Notes to the Financlal Statements Itontinuedj Year ended 31 December 2024 11. Expenditure on charitable activities by activity type Activities undertaken directly Support Total funds costs 2024 Total fund 2023 Dirert charltable activities 219,375 56,811 276,186 214,401 12. Analysis of support costs Analysis of support costs activity l Total 2024 Total 2023 Communications and IT General office Governance costs 6,073 41,591 9,147 6,073 41,591 9,147 7,621 18,661 6,326 56,811 56,811 32,608 13. Net income Net income is stated after charging/(creditingl: 2024 2023 Depreciation of tangible fixed assets 35,544 14,636 14. Independent examlnatlon fees 2024 2023 Fees payable to the independent examiner for: Independent examination of the financial statements 2,5 2,500 15. Staff costs The total staff costs and employee benefits for the reporting period are analysed as follow5: 2024 2023 Wages and salaries Employer contributions to pension plans 139,364 129,163 1,020 139,364 130,183 18
Millom Network Centre Limited Company Llmited by Guarantee Notes to the Flnanclal Statements fcontlnuedj Year ended 31 December 2024 15. Staff costs l¢ofttlnuedJ The average head count of employees during the year was 8 {2023: 10). The average number of full-time equivalent employees during the year is analysed as follows: 2024 2023 No. Number of staff 10 No employee received employee benefits of more than £60,LXX) during the year12023.. Nil). 16. Trustee remuneratlon and expenses No remuneration or other benefits from employment with the charity or a related entity were received by the trustees. 17. Tangible fixed assets User defined asset Land and Fixtures buildings and fittings Motor vehicles Equipment Total Cost At l Jan 2024 Additions 142,094 7,568 41,690 119,765 28,556 2,241 57,099 277,007 122.006 At 31 Dec 2024 142,094 7,568 161,455 30,797 57,099 399,013 Depreclatlon At l Jan 2024 Charge for the year 19,068 2,475 16,676 8,738 56,127 103,084 2,189 1,439 28,299 3,284 333 35,544 At 31 Dec 2024 21,257 3,914 44,975 12,022 56,460 138,628 Carrying amount At 31 Dec 2024 120,837 3,654 116,480 18,775 639 260,385 At 31 Dec 2023 123,026 5,093 25,014 19,818 972 173,923 18. Debtors 2024 2023 Trade debtors Prepayments and accrued income 1,760 54 550 1,814 550 19
Mlllom Network Centre Limited Company Limited by Guarantee Notes to the Financial Statements (continuedj Year ended 31 December 2024 19. Creditors: amounts falling due within one year 2024 2023 Trade creditors Accruals and deferred income Pension liability 1.746 54.113 641 23 3,404 178 56,500 3,605 20. Deferred income 2024 2023 Amount deferred in year 35,361 21. Penslons and other post retirement benefits Defined contrlbutlon plans The amount recognised in income or expenditure as an expense in relation to defined contribution plans was £Nil12023: £1,020). 22. Analysls of charltable funds Unrestricted fvnds At l January 20 24 At 31 Decembe r 2024 Income Expenditure General fvnd5 128,454 151,065 1228,4091 51,110 At l January 20 23 At 31 December 2023 Income Expenditure General funds 113,526 137,506 1122,578) 128,454 20
Millom Network Centre Limited Company Umlted by Guarantee Notes to the Financial Statements fcontlnuedl Year ended 31 December 2024 22. Analysis of charitsble funds (cortlnuedj Restricted funds At l January 20 24 At 31 Decembe r 2024 Income Expenditure Restricted Fund I 104,619 218,137 197,577) 225.179 At l January 20 23 At 31 December 2023 Income Expenditure Restricted Fund I 84,441 139,771 {119,593) 104,619 23. Analysis of net assets between fund5 Unrestricted Funds Restricted Total Funds Funds 2024 Tangible fixed assets Current assets Creditors le55 than l year 70,567 1,682 (21,1391 189,818 70,722 (35,3611 260,385 72,404 (56.500) Net assets 51,110 225,179 276,289 Unrestricted Funds Restricted Total Funds Funds 2023 Tangible fixed assets Current assets Creditors less than l year 83,207 25,017 {3,605) 90,716 37,738 173.923 62,755 (3,6051 Net assets 104,619 128,454 233,073 21