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 con￿rn
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,1￿0
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 (contiM￿dI
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