The Milton Rooms (A Company Charity limrted by guarantee) (Charity Registration Number 1162515) (Registered Company Number 09117039) Annual Report & Financial Statements for the year ended 31st March 2022
The Milton Rooms IA Company Charity limited by guarantee) Contents Index Page Directors (Trustees) Annual Report Independent Examiners Report Statement of Financial Activities Balance Sheet Notes to the Accounts
Directors. Report (incorporating the Trustees. Annual Report) Forthe ye8rended". The Board ofTrustees. vhK) are akn the directors of the th8rity for purrxtses of crmnpany law. present their annual report and finanaal statements for the year endéd 31st Marth 2022. Oblectlves and acdvttl8s 31st March 2022 Summary of the objects of thè charity set out In Its 9oveming d0MeTht The objectives of the charity a". al to provide facilities, in Ihe interests of swal welfaTe, for recreation or other leisure owjpation for the benefit of inhabitants of the area of benefrt who have need of such faciltb.es by reason of youth, age, infirmity, disabiStty. financial hardship or so(aal and ec(M)rJmic cirujmstances. or the public at large. with the object of improving their condition ol life- bl tri advance the edur2tKJn of the put4 in the area of benefi(8nd in pa"(alr, but without limitation, by the provision of an Arts Centre for visual ar r10Mling arts.. ¢1 to preserve whatever of thè historicxl, arthiiectural and construct*)nal heritage of the town of Mallon that is of particular beauty or historic31. archrtecturJl or (x)rCtional Inte5( and in parboslar, bul without limitation. the buildings known as the"MTrton R(K)rrs-. Summary of the main activities undertaken for the public benefit in relation lo these objects The Milton Rooms provides iM)Ih a lyoad rango of svents with a prryjramme that is d&%igned to appeal across the Communty and an imFKMtsnt hub that the Community can use to host their own events. The Milton Rooms offers Opp)rtuneS for people to engage with the wKJer mmunitythroUgh v(Auntsoring, further developing their 5(y>al, administrative, tethni(31 arKI other skn11s. By continuing to use and maintain the buikjing. the Milton Rwrns PrureS the orvJ¥ng sustainabilrty of a Grade11 listed buildsng in the heart ol a Conserwation Area. The Trustees confirni that they have referreil to the guidan ¢taInj in the Charity CoEnmission's general guidance on public benefit wheft reVWIllg the ob]"e¢lives and actsvibes and in planning of future activities Achievements and perfomiance Summary of th8 main achievements of thè charity during the year Similar to all othervenues and communrty centres 21x21122 was a dIffi year for the Milton RIN)ms due to the recovery from the CoronawEUS p3nd8mio as audnCeS are sb"Il rèticant to comè out arKI u)mFx)unded by the inuease of the cost of the Iwing. We are pleasgj to rep)rt we have an enhanced b)ard of Irustees wih more valuable business as well as relevant theatriral experience. plus a designated vdunteer Venue Manw and we are all pushing the venue forward. The perfomiartes and events we have hdd this w have been sAKcessfvl aThJ receiv very Fosibve feedback from th8 public that attended. During this period we have Ln able to upgrade aThJ putclwe new ¢x¥nputws fr)rthe office and Ix9at9d a completely new websrte whKth went INe May 2022. Our tnain aChVe[entthiS year vrds that the trustees $)ft arKI pions for the venue, as well as our'can do attitude, instilled enough confHfjen in IRDCI the ote[S and counallors to grant £5k fijnding for the refurbishment of all the toilets meaning we now compty accessibiltyfor the disabled and inst8lled a lirt to achieve this to our basement fa¢ilstses. The funding will also enable the cxJmplètÈ rerbhmnt of the theatre technology and infrastnjcture, moving the venue into the digital 21st CenbJry. This should all be installed and up and running by the end of AugLESt 2022. Financial Review The result5 for the year ending 31st Marth 2022 Show an overall surplus in of £385,901. After transfers this comprises a surplus of £10.743 on unrestricted funds: a surplus of £374.073 on restricted funds and an increase of £1,085 to designated funds_
The gJWus on unrestriGie(I funds fiects the infftased acbvity this year tn 811 areas plus help from the government in the form of support grants and a Test8rt granl. Thks has alb)w&l the Mli ton R1)S to rebrand and commi%sion a new webgte plus purchase new bar and kitthen equiF The surplus on restricaed fvnds rellts the receipt of a rdurtxshment grant from Districi Counal totslling £467,592. AEI of this has been SnI and caprtali5ed Fixtures, Frttings an¢J Equipment on Ihe Balance Sheet and is being depre(3ated over five years. the (xjrrent year reFKesenting ypar (8. The level of free restS, that is Ihose unrestrthd fu not tied up in taThJible fixed assets. nor he in dèsignated funds. now stands at £28.990 at 31st March 2022. This is an improvrM on thè position at the end of thè previous year and roughly equates to six months, running costs. hence tnjstw are confident that the charity is 0ratIng as a going concem. In addition to thkg, the trustees have retained £3,000 in designated fvrKls to cover the potential wind down Costs in the event of cbsure increased the designated reftJTbishmènt rwovision to £12,000 to provide a contingency fund for the relurbishrnent and any urtexpecte(l teakdo)S or repairs. The charity does not have any emtAoyed staff hence rto iedundancy provision is required however the tTUStees feel ttrkyl rt is prudent to designate sorne funds for the financial and administrative eosts of winding down the charTtabk company should the need arisè. Thi5 bring5 the cumulative ve$ to £420,579. (xxnwsing". unrestiicted reserves of £31,272.. designated reserves of £15,000 and restricted reserves of £374.307. The bwkdown of these funds is detailed under note 13 to the aQuts.. 'Movemenl of funds,. There are no pr(iect fvnd5 in deficit at the end of the pericKJ. Plans for the future During this year it is intent)n to appty NabtMHI fuFKliThJ to comete phase 2 of our refijrtxshment which will indude the kitcen lo be upgraded to allfhv outside caterers a LwbEè sp to (xter for functions. 11 is a550 our inlenbon to gXtgn¢J thé lighting system within the Milton Rtxxns and to a19) indude the exterK)r. which will make the drab comer of the market place into a stunniro attraction. This would enable the building to change colour, e.g. blue for the NHS or offering the faci15tyfor a.son el Lumle. for the Museum to depict historical exhibitions of the town by using a state ol the art data projector. The projeclorwould be inside to decrease the use of fixed scenery for theatre productions. Plus the Nationa] funding woukfj be used to enhan¢x the Assembly Rooms to enable this area lo bè used as a revenue strgam for weddings famity functs"ons. 11 is still our plan to use Ihe Studio bar to owi indewN1entty of any perf(¥man arvj thebY supply another income stream. The state of the art sound and lightirwJ system wll brOlen ¢Jur aprwl ryst (lY to the bands and perfomers we will be able lo attract lo.pla 81 the Milton Rooms but will greauy enhance the ojstomer experien. It will a150 enable us to work more closely with groups such as Ryedale Speual families as we wll be able to offer tRU sènsory shows that will cater MO for thldm arhy young adutts th severe di%atMIth"Ès. as wdl a&ststtng us on various perf0mlan for the sight impaired. The new enhanced sound system also erOUrage hire and Ltse of the venue for large meetir. ¢onferen(xs and lectures. We have 8lre8dy offered Yech. training faofrties and a worting wrth al schcN)Is' pupils to te atAe to work tow8rds BTEC qualffications levels 2 & 3 in Production Arts. Plus. we have young people volunteering as part ol their Duke of Edinburgh Awards stheme. for which all trustees will be DBS ctrcked and cerhficated. addiThJ strength lo our Safeguarding Policy. We have been ab to fink with the Ukrahnian refteeS who have been acLoM1ale£I in Ryed8le. 27 families. by OP8ning as a dropin 12fé and hope to expand our aciivtlies to suptM)rt integration events. The aim of all the planned renovab"on5 IS to upJrade the Milion RcM)ms into a SLthinable frt for purpose community venuè for ma0 and thè whole of Ryedale. We will offer a wsde and derSe prDgramme to suit all age5 and lastes with a mix of both prof8&8ional and amateur performances and events. Our ethos is 'Run by the communty for the eommunitrf.
StctUre. governance and management Governing Document How the charity 15 constituted Trustee selection methods Memorandum 8nd AJIe$ of Asswation Charity. Company IiEnrted by guarAntee The Artides of Association prowde fr)rthr8e organisations to appoint one presentsbve each to the BDatd of Ttustees" Ryedale District Gounfjil, )A3tlon Town Cwncil and Norton Town Coun(xl. retnaining 10 plaS are fill1 by Injstees who are electsd bYtr members. Reference and Administration detsils Chaiity name The Milton R(xNns Othér namès thè charity Is known by Formerty the Milion R(xxns charitab Tnjst Règistered Charlty number 1162515 Registered Company number 9117039 {ErVJXj and Wsl Charity's principal addyess l& r•9istsrad offiu} MarkeE Place Malton North ycksh1e Y017 7LX Indendent Examiner Tracy BramACMA CGMA Orchard House 72 Low McN)rgate Rillington. Marton North Yorkshire Y017 &JW Bankers Virgin Money (fomRdy Yorkshire Bank) Jubilee HJse Newcastte u Tyno NE3 4PL CAF Bank Limited 25 lQngs Hill Avenue ngs Hill West Malling, KENT ME19 4JQ Names ofthe Directors ITnthl who manage the charity TA100 Name Olfice Of any) Nam• of p*soth lorbodyl Ohtitled to appoini trellI any) Ray King Kerry Ennis Ann Spenr Chris Buxton Barbara Murray Susan Milbum Dr Susan Hawès Martin Sunlèy Margaret Pegg Nathan Gart)uit M¢x)re Malcolm Kirton Chair Vic&Chair Malton Town Council Norton Town Council R&sigwl 0410112022 Apw¥nted 1¢)108r2021 Company Sèer#tary Barbara Murray
Trustee's responsibilities in relation to the financial statements The charity truste8s (who are also the difectors of The Mthton Rix)ms for the wrposès of company lawl are responsible for pparing a trust. annual re[ and the finanual statements in accordan appIlble law and United Kirodom Accounting StsrKlards {Untte(l r0M GeneTalty Acryled A(x>)untir practi). Company law requires the thrity trust lo prepare finarKaal slatemenis for each yearwhich give a true and fair ew of the state of affaiTS of the charitable company and of the inco ar expèrldtiure of the chantable cornpany for the year. In preparing the financial statements. the trustees are required to.. select suitable accounting policies aNI then applythem consi8tenly. observe the methcKJs and prinuples in the Charilies SORP" make judgements arvJ ests"mates that are reasonable arKI pnmlent.. - state whether appliCae UK act4)untirwJ stsnd8r(Is have fdkxved. subjecl to any material departures disclosed explained in the finar71 ststements: prepare the financial statements on the Ing concem basis unless is iTrsppropriate to presume that the chaiilable comparry wiu continue cK¢ that b8Si5. The trustees are responsible for keeping prcyer acwunting rEGords that disd05e with reasonable accuracy at any time the finanaal position of the tharitable Company and to enable them to ensure that the finanal statements ompty with the Companies Act 2006. They a also s#)t fry saf8Ju8rding the 8ssels of fhe charitabtè company and hen Éaknng reasonable steps prevlTh 8rKI dttiOn of fd and 0r irregularities. Disclosure of inforniation In accordance with company law, as the companys director5, e of the Board of Trustees certfy that so far There is ty) relevant infomiation of Wh the charitys IndeFethl Examiner 15 unaware.. - As direct(Ks of the o)mpany. they have taken the nSary steps to be aware of the information, which would be relevant for indeFendwt eXaminatW wJrw)ses arKI havè u>mmunKSted them to the Independent Examiner. Exemptions The trustees have t8k8n advantage of the exemptK)n available to small tMpan*S. induding the aLtdit exemption {as detailed on the balance sheet) Declaration The trustees declare that they have approved the trustees. annual report ab¢)Ye. Signèd on half of thè eharilys trustèès Ray lfjng Date (Chawl g6
Independent examinerfs report to the trustees of The Milton Rooms I report on Ihe accounts of: for the year ended: The Milton Rooms 31st March 2022 whith are set out on pages 6 to 15. Responsibilities and basis of report As the charivs trustees of the Company (and also its direciors for the purposes of company law) you are responsible for the preparation of the accounts in accordance wth the requirements of the Companies Act 2006 <e 2006 ACV). Having satisfied myself that the aCtunts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligie for independent examination, I report in respect of my examination of your charity's accounts as carried OLrt under section 145 of the Chartbes Act 2011 (Ihe 2011 Act'l. In carrying out my examination I have followed the Directions 9iver) by the Charity Commission under section 14515) {bl of the 2011 ACL Independgnt examinerfs statement Since the Companls gross income exceeded £250,000 your examiner rnust be a member of a body listed in section 145 of the 2011 Act. I confimi that l am qualified to undertake the examination because l a member of The Chartered Institute of Management Accountants. wfiich is one of the listed bodies. I have completed my examination. I confimi that no material matters have come to my attention in connection with the examination giving me cause lo belteve that in any matertal respeth: accounting reix)tds were not kept in respecl of ihe Trust as required by section 386 of the Art or 2 the accounts do nol accord with those records 3 the ac(x)unts do not cotnply wth Ihe accnunting requirements of section 396 of the 2006 Act other than any requirernent that the accounts give a Mrue and fair view which is not a matter onsidered as part of an independent examination", or 4 ihe accounts have not been prepad in accordance wth the methods and principles of the Slalement of Recommended Practsce for accounting and reporbng by charities applicable to chartb.es preparing their aOunts in accDrdan¢e with the Finanrial Reporring Standard applicable in the UK aTrJ Republic of Irdand (FRS 102)- I have no concems and have come across no other matters in o)nnects"on with the examination to which attention should be drawn in this rewrt in order to enable a proper understanding of the accounts to be reached. Tracy Bramley ACMA CGMA Orchard House 72 Low Moorgate Rillinglo Malton North Yorkshi Y017 8JW Date a617/2Z
Thè MÉlton Rooms (Charity Reytstr8i Number 11625151 Statement of Financial Activities for the year ended: {incorporating Income & Expenditure aGcountl 31st March 2022 unled Deslgnated Restrictgd fund5 funtts funds Total 2022 Total 2021 Income and •ndowm•nts from: Donations and legacies Charitable activthes Other trading actMti&s Investrnents OU)er 3.885 2.&39 467.592 471.4Tf 62.639 560 18,009 8,859 21.334 21.334 38,862 Total Income 88A18 467,592 556,010 65,730 Expenditure on: Raising funds Charitable a¢bvrt 90 170,019 76.5LKI 93,519 47,255 Total exndIturn 76,590 93.519 170.109 47.255 Net incomollexp•nditur•l 11,828 374073 385,901 18,475 TransfeTS between funds {1.085) Net movement in fvnds 10.743 1.085 374,073 385,901 18,475 Totsl ndS brought f<>Thvard 20.529 13,915 34.678 16,203 Total funds carried forward 31272 15,000 374.307 420.579 34.678
The Millon Roow ICFAIty Re9istratsL Numiw 11625151 Balance Sheet as aL" 31st March 2022 2022 2021 FIx8d Assets TangitA a&%els 376,355 Tolal Fixed Assets 376.355 Current Assets Cash at bank and ni h•J Debtots & prepayments Stock 36.600 1.591 938 4.351 2.K27 59,310 39.129 Curret)t Llabilibes: Amounts falling due within one year C¥edilors arKI accrua 11 15,086 4,451 Net CurTentA%setsllLiabilitiesl 44.224 34,678 Current Llabllltles: knunts falling due ' after more than one ar Credit(vs and accrua NetAssetsllLiabilitsesl 420.5PJ 34,678 Funds ofth• Charfty UTrrestrid Fu$ 13 31272 Designatsd Funds 15,( 13.915 Restrictsd Fur 374,307 Total Funds Cab7(ed For•faryl 13 420.$79 34678 Thetru5tees are satisfdthatthe company e[edTr e¥empbonfrrynthe pThiSiWts ofthe CoMnA?{K)6 (the Acil relatin8tothe auditofthe financia15taternentsforthe ParNirtUE0fe[txm471. and th mberOrrneMber5haV2 reque5tedanaudtipursuant tosection 476oftheA Thedirertot5 Itsu5tee51 atknoWled8ÈttrreSpLbllrEieS for. il ensuringthe CQrnPhnykeÈP5aiEountingrÈtordswhith comrwfth Sectlons 3863Th 387 olthe CornwRsAc12(M)6: and iilwepariryfmancial statrmentswhKh £ta trueanofawwew olthe State olaffair5 Trf the ¢ompanyattheeThd ofe3chfinancLIl year an of its profit knssfor eath f#iancialyearMaCtordithlluementsOf5¢tt1Qn$a3nd 395ènd whith otherwrcOMPWrth the fequirerneTrtsof trCompaniesArt 2( relatirgto 513tewits. 50faraS applic3blÈtothe crnpany. Thefinantsal statsments he W prep¥ed Wl a(trrthtsspÈO31yIsofPartls ofthe CompanIe5ACt2( rditinEto Small Compani and withthEACC<Knllg Rerb tyCharities:Staternentof Recomrnended PractiTrapplicable to tharities preparingtheiratcouDts ID accordarKewith the Aewtingstsndard awiCab inthe Untted and Rewthlic Df Ire ICharitEsSORP IFRS 10211. The flnanchi1statementswereapwtr bytheIrtecSQn dtJL1 2oZi and Wed oftthwbehalfby.. Z6 Ray King Chair
Thg Milton Rooms Ichawity Re9 Nurntr 11625151 Notes to the accounts for the year ended: 31st March 2022 1 Basis of preparation 1.1 BasL5 of accoufitÉng The financial statements are prepared un(Fèrthe hisk¥ical ¢x6t o)n¥enbon. These 8c(xxJnts have been prepared in acWrd9n with A¢counting and Reporting by Charibes". Statement of RQmMended Practice applicable to charities preparing their awunts in ac(x>rdance th the FJnarKial Rewbng Standard applieable in the UK and Republic of Ireland (Charibes SORP IFRS 102}l arxl the Companies Act 2006_ The charity constibjtes a pub[ ber Èntsty as Ilefined by FRS 102. 1.2 Going concern The financial statements have been epar1 on a g¢ing cc)cun basis. 2 Accounting policies 2.1 Income ReEognition of income Th8s8 are induded in thè Statement of FinancAal Activibes ISOFAI vthen: - the charity becomes entitted to the $Our. - it is MO likely Ihan notthat the Iwstees wll r8C8Ne 1h8 resources", - the rnonelary value can be measured with SUffient reli8bilty. Offsettlng There has been offsetting of assets and liabilths. or income aThY expenses. unles8 requirBd permttt8d by th8 FRS 102 SORP orFRS 102. Grants and donations Grants ano donabons are onty indud&J in the SOFA when tt tharity ha5 eder of entiuement to resources and reIpt is probable. Government grant5 The Charity has rewved government grants the perts. Contractual income and perfornmnce related grants In the case of income arKI performance related grants. incc¥Y* is onty Teca)gnis&Y once the charity has provided the specnled services or performance related corKltbons. Volunteer help The value of any vdurrtary help receNed is not Iauded in ts aco)unts but is de%ribed in the Trustees. Annual ReporL Investment inwme Thi5 is indudEd in th8 a(wJnts whon receipt is probabbe aThJ the amourrt receivablg (w be mèasured reliably.
The Milton Rooms (Charity RgJ5trw Nmber 11625151 Notes to the accounts for the year ended: 31st March 2022 2.2 Expandlture and Liabilities Raising funds Cost of raisrng funds comprise th)se $ts a&W(# with attractiThJ vduntary irKome. CharitabEe activities Charitable actItieS eXpendtlU o)mprises thDse Ix)sts incuThed by the tharity in the delNery of its activities and seNices. It indudes btsth costs that can be allocated diredty to such actsmties and Ihose costs of an indirect nature e$Sary to support them. Liability recognition Liabilit$ are recognised where it is Inore like than not that there is a legal or constructive obligation commttling the charity io pay out resources alld the amtyjnt of the Obligat c3n be measured with reasonable certainty. Redundanvi Cost The charity made no redundancy payments durirg ts reting perKNJ. 2.3 Assets Tangible fixed a559ts for use bythe charity These are capitalised il they can be used ft>r more thaft one year aThJ cosl al least £1.000. They are valued at cost. Deprecialion is prowded al rates to lIe off lh8 cost of the 8sset ovor a fve year period leavin9 a nil r8sidual value. Taxation The cotnpany ss a wiste1 chaiity and is exempt from rA)rtKM31K)n 13x on its charitae activitses. Fund accounting Unrestri¢ted ft&nds are funds vthith are available for use at the di5uelion of the trttslees in further8nr of the gener81 objectives of the t*arity. Designated funds are unstrIcted funds that a resajrces set aside forspe(xk purposes at the discretion ofthe trustees. Restricted fvnds are fvnd5 which £xn be for pauLar resbicbj Plwses wihin the objects oflh8 charty. Restrictions arise when speafied bylhe donor. Further explanation of the nattjre armj purF¥Jse of each fuThJ 6 induded in the not8S to the finanal statements. L•asSng commitments Rentals paid under op8rating 3$eS are charged to the Slatement of Finanal Aclivitses on a straight line basis over the p8ri(xl of the lease.
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The Mihon R(boms ICharityRegi8tr&on Nth)7ter 11625151 Notes to the a¢¢ounts for the year ended: 31st March 2022 5 Fees for examination of the acci)unts 2022 2021 Independent EyAmtnerfs fees for pOrng on the 8uxwJnis Accountancy services paid to the Independent Examiner 550 4,264 550 3,488 6 Staff costs and emolurnents 2022 2021 Gross salaries Employers National Insurance Pension contributs.ons Average number of empY [headClnt} No employee rec£ived remuneratiM in excess of £60.rm12021.. Nil) Th8 total 8mpW8 b8neffts ofthe key management perSne1 ofthe *ETe Nil12021.. Nill. 7 Defined contribution pension heme When applicattrle, the charity operates a defin tribUtion [slon stheme NEST. There has been no staff etnpltsyed thk% year hence no contributions pate by the rtrity to the s¢heme12021.. Nil). 8 Fixed assets Fixtures, Fittings & Equipm•nt Total Tangible fixed assets Cost orvaluation At 1st April 2021 Additions in yéar Disposals in year At 31st Marth 2022 470.444 470,444 470,444 470A44 DepCiall0 AÈ 1st April 2021 Charge for the year At 31st Mah 2022 94.089 94.089 94.089 94.089 Net Book Value At 31st March 2022 376.355 376,355 At 31st March 2021 9 Cash at bank and in hand Total 2022 Total 2021 Current bank account Additional bank account Cash in h8j Floats 50,710 783 50 789 52,332 35.142 8T1 17 570 36,600 12
The Milton Rooms (Charity Registration Nwnber 11625151 Notes to the accounts lor the ar ended: 31st March 2022 10 Dgbtorn and prepayments 2022 2021 Debtors and pr•paym•nts Trade debtors Prepayments and accrued in¢ 1.304 3,047 4,351 1.483 108 1,591 11 Creditors and accruals Analysis of ¢dItOrS falling due within one year Trade creditors Accrualg & deferred income 2022 2021 2,224 12.862 15.086 383 4.068 4.451 12 Confjngent Liabilities The charity has no c4)ntinwt Itabi5itses at 31 March 2022 {2021.. None). 13 Movernent of funds 13.1 Movement of major funds 2022 Balan InGoming Outgoing blfwd resources resources Balar7ce Transfers Fund name unre$tried Funds 20.529 88.418 88,418 76,590 76.590 11,0851 11.0851 31,272 31.272 Designated fund . wind down pn Designated fvnd - Refurbishment 3,000 12,000 15.000 10,915 13,915 1.085 1,085 Resthcted Funds Musical Mpmories 234 234 Ryeda18 Disknct Coun1 Refurbishment grant 467.592 93.519 374,073 467.592 93,519 374,073 Total Restricted funds 467.592 93.519 374,307 Total Funds 34,678 SS6,010 170.109 420,579 Transfers between funds From Reason £ Amount Unrestricted Designated To inrxease the refiJrtMshment (xjntingency 1,085 1.085 13
The Milton Rooms Icharity R89iStralMM Numter 11625151 Notes to the accounts for the year ended: 31st March 2022 2021 Balance thid Fund name Unrestricted Funds 12,054 12,054 58,836 $8,836 40,361 40.361 {10,0001 {10.0001 20,529 20.529 De$Lgnated fund- wind down prov Destgnated fub)d- Refurbishment 3.000 10.915 13,915 10,915 10.915 Restricted Funds Capital Fund 1540 } Musical Memories 234 234 Toilet5 Refvtbishment 361 1361 1 Assembly RoorHs Refurbishment CCTV extsnsion Ryedale District Coun1 14 1141 COVID-19 grant The NationJ Lottery 5.850 S,850 5.850 Total Restrtcte(I funds 1.149 6.894 6,894 915 234 Total Funds 16,203 65,730 47,2SS 34,678 Transfers between funds To Reason £ Amount Restricted t)esignat& Ttsnsfersmall [eMal79 bah3n on P0$ capttavrefurb pro] plus fundrak8iThJ irKome for toilet iefurb to rw4 relutblshmrt fund Transfer to establish a conlin98ncy rxovisKJn for the new Tefurtxshrnent prM 915 Unrestric tjesignated 10,OLKI 10,915 14
The Milton Rooms (charityRegaIw)n Nuner 11625151 Notes to the accounts for the ar ended- 31st March 2022 13.2 Details of Fund5 Held Unrestrictèd Fur7ds The unrestricted funds repres8ntthe funds awditable forthe general purpLtses of The Milton RM$. D85ignated Funds- Wind down provision Reflect funds $81 awde from unreslrict8(I funds to coverlhe wlenti31 wnd dovm o)sts in the event of rJosure. Designated Funds- RerbishMent A designated fund to establish a continwcy proMsKM) forthe new Teftrtshrn1 program. Restrlcted Funds The Current resfricted funds are onty awailabte for tha wrF¥)ses sfied for eh fund. which are.. Musical Memories Balance of funds on project prOdi singNvJ tyrksW d1Cted al tsoL4t&J and ehlerfy peop. Refvrbishment progtsrn Capital funding prothded by Rye(lale Distnct CouThil to refurbish the building and upgrnde tscilities. 14 Net assets between funds Unr85tricted Designated Restrrcted Funds Funds Funds Total 2022 Balances al 31st March 2022 Fixed assets Current assets Curr8nt liabil&ti8S 2,282 44.076 15,086 31.272 374.073 234 376.355 59,310 15,086 420.579 15,000 1SOOD 374.307 Net assets between funds Unrestricted Designat Fund5 Fund5 Rè5trict•d Funds Total 2021 Balances at 31st March 2021 Fixe(l assets Current assets Curr8nt l18b11&S 23,164 2,635 20.529 13.915 2,050 1,816 234 39.129 4,451 34,678 13.915 15 Transactions with trustees and related parties None of the twstees have receNed pa1 forseN¢es duriThJ the year12021: Nil) rrf)r rgimbursernent for travel expenses12021- Nil) There have been no r81ated party transathons in the rewrtsng F*IK¥J. 16 Control In the optnion of the tnJslees. one paty ¢>trOl the (npanY in the year. 15