## MILNTHORPE FAMILY CENTRE ## ANNUAL ACCOUNTS FOR THE YEAR ENDED 31[ST] MARCH 2023 CHARITY NO. 1131829 MILNTHORPE FAMILY CENTRE ## ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31[ST] MARCH 2023 Milnthorpe Family Centre exists primarily to provide care, education, and support of children and families from the surrounding area. ## **Officers and Directors** Simon Anstey Chairman/Secretary Tejshree Mistry Treasurer Rebecca Lamb Director John Cushnie Director **Office Address: Independent Examiner:** Milnthorpe Family Centre Andrew Lishman Firs Road, Jackson & Graham Milnthorpe, Lynn Garth, Cumbria LA7 7QF Gillinggate, Tel: 015395 64090 Kendal, Email: katie@joeysnursery.co.uk Cumbria LA9 4JB - 1 – MILNTHORPE FAMILY CENTRE DIRECTORS’/TRUSTEES ANNUAL REPORT FOR THE FINANCIAL YEAR ENDED 31[ST] MARCH 2023 ## **Section 1 Legal and Administrative Information** - Charity Name - Milnthorpe Family Centre 1131829 - Other names by which the charity is known “Joeys” “Out of School Club” - Registered Charity Number - Company Limited by Guarantee - No. 06843338 - 1[st] April 2022 - For the financial year beginning - 31[st] March 2023 - For the financial year ending - Charity’s principal address Firs Road, Milnthorpe, Cumbria LA7 7QF - Names of Charity Trustees and company directors **Name Office** Simon Anstey Chairman / Secretary Tejshree Mistry Treasurer Rebecca Lamb Director John Cushnie Director - Name of person (or body) entitled to appoint Trustees:The Constitution states that “The Officers and Committee Members shall be elected for one year at the Annual General Meeting. Co-opted members may join at any time on the invitation of the Committee but shall retire at the next Annual General Meeting. In the event of the death or resignation of an elected member, the vacancy shall be filled until the next Annual General Meeting by a member appointed by the Committee” - Description of Charity objectives:To enhance the development of children primarily under statutory school age by encouraging parents to understand and provide for the needs of their children through community groups. ## **Charity’s bankers are:-** Barclays Bank PLC, Barclays Business Centre, 9 Highgate, Kendal, Cumbria LA9 4DF Sort Code: 20-45-28 Account Number: 03703908 - 2 - ## MILNTHORPE FAMILY CENTRE CHAIRMAN’S – ANNUAL REPORT 1st APRIL 2022 – 31st MARCH 2023 MFC Chairmans - Annual Report 1st April 2022 – 31st March 2023 Kind regards Simon Anstey Chairman Milnthorpe Family Centre, - 3 – ## MILNTHORPE FAMILY CENTRE ## STATEMENT OF FINANCIAL ACTIVITIES ## FOR THE FINANCIAL YEAR ENDED 31[ST] MARCH 2023 |**2023**
**Note**
Unrestricted
Funds
**£**
**INCOMING RESOURCES**
**2**
Incoming resources from generated funds
Activities for generating funds
-
Other incoming resources

379,214
**TOTAL INCOMING RESOURCES**
£379,214 **£**
**RESOURCES EXPENDED**
**3**
Cost of generating funds
Fundraising activities
and other costs
**-**
Governance costs
1,345
Other resources expended
373,270
**TOTAL RESOURCES EXPENDED**
£374,615 **£**
**NET INCOMING RESOURCES**
4,599
**NET MOVEMENT IN FUNDS**
**Total funds brought forward**
58,898
**TOTAL FUNDS CARRIED FORWARD**
£63,497|2022

**Total**
Total
Funds
Funds
£
£
**-**
2,596
**379,214**338,696
**379,214**
£341,292
-
-
**1,345**
2,165
**373,270**
335,302
**374,615**
£337,467
**4,599**
3,825
**58,898**
55,073
**£63,497**
£58,898| |---|---| - 4 - ## MILNTHORPE FAMILY CENTRE ## BALANCE SHEET AS AT 31[ST] MARCH 2023 |**Note**
**Fixed Assets**
Fixtures, Fittings & Equipment
5
Additions at Cost
Less Depreciation
**Current Assets**
Debtors
**6**
Cash at Bank and in Hand
TOTAL CURRENT ASSETS
**Liabilities**
Creditors: Amounts falling due within one year
**7**
NET CURRENT ASSETS
**NET ASSETS**
**The Funds of the Charity**
Unrestricted income funds:
8
**TOTAL CHARITY FUNDS**
|
**5,044**
**156,339**|
**5,044**
**156,339**|**2023**
2022
**£**
£
-
-
**-**
-
**- **
**-**
-
-

7,814

130,234

138,048

79,150
**63,497**
58,989
**63,497**
£58,898
**63,497**
58,898
**63,497**
£58,898| |---|---|---|---| ||
**161,383**
**97,886**
**£**
**£**||| |||**£**
**£**|| ………………………………. Simon Anstey For and on behalf of the Trustees - 5 - ## MILNTHORPE FAMILY CENTRE ## NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31[ST] MARCH 2023 ## 1. **Basis of preparation** These accounts have been prepared on the basis of historic cost in accordance with accounting standards; and Accounting and Reporting by Charities - Statement of Recommended Practice (SORP 2005); and the Charities Act. There has been no change to the accounting policies since last year nor have any changes been made to accounts for previous years. ## 2. **Accounting policies** ## **Incoming Resources** |INCOME
Grants & Donations
Covid-19 Grants
Fundraising
Statutory Maternity Pay Claim
Interest receivable
Children’s Room
Baby Room
Out of School Club

Other Income
TOTAL INCOME
**£**|**2023**
2022
-
1,272
**-**
2,827
**-**
67
**2,450**
**-**
**127**
-
**231,363**
211,816
**61,103**
53,359
**82,187**
69,422
**1,984**
2,529
**379,214**
£341,292| |---|---| - 6 – ## MILNTHORPE FAMILY CENTRE ## NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31[ST] MARCH 2023 ## Recognition of incoming resources These are included in the Statement of Financial Activities (SoFA) when:- - the charity becomes entitled to the resources; - the trustees are virtually certain they will receive the resources; and - the monetary value can be measured with sufficient reliability. ## Incoming resources with related expenditure Where incoming resources have related expenditure (as with fundraising or contract income) the incoming resources and related expenditure are reported gross in the SoFA. ## Grants and donations Grants and donations are only included in the SoFA with the charity has unconditional entitlement to the resources. ## Contractual income and performance related grants This is only included in the SoFA once the related goods or services have been delivered. ## Gifts in kind Gifts in kind are accounted for at a reasonable estimate of their value to the charity or the amount actually realised. Gifts in kind for sale or distribution are included in the accounts as gifts only when sold or distributed by the charity. Gifts in kind for use by the charity are included in the SoFA as incoming resources when receivable. - 7 - ## MILNTHORPE FAMILY CENTRE ## NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31[ST] MARCH 2023 ## Donated services and facilities These are only included in incoming resources (with an equivalent amount in resources expended) where the benefit to the charity is reasonably quantifiable, measurable and material. The value placed on these resources is the estimated value to the charity of the service or facility received. ## Volunteer help The value of any voluntary help received is not included in the accounts but is described in the trustees’ annual report. ## Investment income This is included in the accounts when receivable. ## Investment gains and losses This includes any gain or loss on the sale of investments and any gain or loss resulting from revaluing investments to market value at the end of the year. ## **Expenditure & Liabilities** ## Liability recognition Liabilities are recognised as soon as there is a legal or constructive obligation committing the charity to pay out resources. ## Governance costs Include costs of the preparation and examination of statutory accounts, the costs of trustee meetings and cost of any legal advice to trustees on governance or constitutional matters. ## Grants with performance conditions Where the charity gives a grant with conditions for its payment being a specific level of service or output to be provided, such grants are only recognised in the SoFA once the recipient of the grant has provided the specified service or output. ## Grants payable without performance conditions These are only recognised in the accounts when a commitment has been made and there are no conditions to be met relating to the grant which remain in the control of the charity. - 8 - MILNTHORPE FAMILY CENTRE ## NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31[ST] MARCH 2023 ## Support costs Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources, e.g. allocating property costs by floor areas, or per capita, staff costs by the time spent and other costs by their usage. ## 3. **Resources Expended** ||**2023**|2022| |---|---|---| |EXPENDITURE||| |Wages & Salaries|**286,090**|280,796| |Staff Training & Welfare|**1,824**|1,900| |Advertising|**160**|100| |Premises Expenses|**17,236**|16,597| |Other Grant Usage|**1,979**|3,604| |Food Costs|**15,086**|5,382| |Telephone, Postage and Stationery|**4,166**|1,501| |I T Costs|**8,768**|5,607| |Insurance|**1,560**|1,564| |Repairs & Maintenance|**471**|488| |Uniforms|**345**|662| |Cleaning & Sundries|**14,034**|14,589| |Bank Charges|**147**|158| |Other Legal & Professional|**1,346**|2,165| |Sundry expenses|**420**|150| |Pension|**4,375**|-| |Employers NI|**15,718**|-| |Refurbishment fund usage|**58**|-| |Travel and Subsistence|**37**|-| |Resources|**795**|2,204| |TOTAL EXPENDITURE|**£374,615**|£337,467| - 9 – MILNTHORPE FAMILY CENTRE NOTES TO THE ACCOUNTS ## FOR THE YEAR ENDED 31[ST] MARCH 2023 ## 4. **Staff costs** Gross wages and salaries , employer’s national insurance and pension contributions. ## **5. Fixed Assets** |**At Cost**
At 1stApril 2022

**Less Depreciation at 1st April 2022**
Depreciation for Year
**Net Book Value**
At 31stMarch 2022
At 31stMarch 2023|£
21,967
21,967
-
-
-
-| |---|---| ## 6. **Debtors & Prepayments** |Trade Debtors

Payment in advance
Prepayments|**2023**
2022
**5,008**
4,568
**36**
324
**-**
2,922
**5,044**
7,814| |---|---| - 10 - MILNTHORPE FAMILY CENTRE NOTES TO THE ACCOUNTS ## FOR THE YEAR ENDED 31[ST] MARCH 2023 ## 7. **Creditors & Accruals Amounts Falling Due Within One Year** |Unallocated Grants/Reserves Account Split
Received in advance
Sundry Creditors
Trade Creditors
Accruals|**2023**
2022
**76,478**
61,872
**17,516**
14,728
**1,276**
**990**
1,236
**1,626**
1,314
**97,886**
79,150| |---|---| ## 8. **Movement of Funds** |Unrestricted Funds|Balance
Brought
Forward
58,898|Incoming
Resources
379,214|Outgoing
Resources
374,615|Balance
Carried
Forward
63,497| |---|---|---|---|---| - 11 - ## INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF ## MILNTHORPE FAMILY CENTRE I report on the accounts of the Trust for the year ended 31st March 2023 which are set out on pages 4 to 11. ## **Respective Responsibilities of Trustees and Examiner** The Charity’s Trustees are responsible for the preparation of the accounts. The Charity’s Trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 (the Charities Act) and that an independent examination is needed. It is my responsibility to: - examine the accounts under section 145 of the Charities Act; · to follow the procedures laid down in the general Directions given by the Charity Commission (under section 145(5)(b) of the Charities Act): and - to state whether particular matters have come to my attention. ## **Basis of Independent Examiner’s Report** My examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the Charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the Trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a ‘true and fair’ view and the report is limited to those matters set out in the statement below. ## **Independent Examiner’s Statement** In connection with my examination, no matter has come to my attention:- (1) which gives me reasonable cause to believe that in any material respect the requirements - to keep accounting records in accordance with Section 130 of the Charities Act; and - to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities Act have not been met; or (2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. A E LISHMAN ........................................................ DATE........................................... Fellow Member of the Association of Accounting Technicians Jackson & Graham, Lynn Garth, Gillinggate, Kendal, Cumbria, LA9 4JB - 12 -