THE MILLER CERE TRUST A CHARITABLE INCORPORATED ORGANISATION AN]YUAL REPORT AND ACCOUNTS FOR THE YEAR ENDED 31st MARCH 2025
THE MILLER CENTRE TRUST REFERENCE AND ADMINISTRATION INFORMATION Mill¢r Centre, 30 Godstone Road, Caterham, SUey, CR3 61L4 Registered Chartty No. l 185583 Committee of Trustees 2024125 Mr. P. Shore, Chair Mr. M.V. Casebourne Mr. S. England Ms. N.D.G. Pendrigh Mr. D. Woods Solicitors Pendrigh Makin Ltd Old Wheel House 31-37 Church Str¢¢t Reigate Surrey RH2 OAD Inde endent examiner Dald Wheeler FCCA Cheeld Wheeler & Co charter Certified Accountants Redhill Chambers 2d High Street Redhill Surrey RHI IRJ Bankers CAF Bank Ltd 25 Kings Hill Avenue Kent ME19 4JQ
THE MILLER CENTRE TRUST TRUSTEES, REPORT The Trustees present their report and accounts for the y¢ar cnded 31" March 2025. STRucfuRE GOVERNANCE & MANAGEMENT The CIO The Miller Centre Tnt (Charity No. 1185583) is a charitable incorporated organisation fortned on 2. October 2019. The Objectives and Powers of the CIO are detailed in the Constitution dated 14, May 2019. The predc$SOr organisation OF the same name (Charity No. 258420) ceased operations and simultan¢ously the CIO commenced operations on 4 March 2020. Trustee5 Under its Constithtion. the activities of the CIO are co-ordinated by a Committee of Trustees whos¢ powers and responsibilities are defined in the Constitution. The Trustees also decide on the general policy to be adopted in the pursuance of the objectives of the CIO. When the ne¢d arises, new trustees will be appointed with r¢gard to their experience and background to further the activities of the CIO. The Committee of Trustees during the financial year being reported on are set out on the previous page. Public Benefit The Trustees have complied with th¢ duty to hav¢ regard to the public benefit guidance published by the Charities Commission. AIMS, OBJECTIVES AND ACTIVTTIES Our obJtive is to improve the quality of life for older people. The aim is to ¢n¢ourage them to play a positive role in the community. The prdctical expression of this is to be found at the Miller Centre. where the CIO'S propety is licensed to the Miller Centre Theatre Company (MCTC) and the Miller Centre Club (MCC). The MCTC present eight or nine theatrical productions and sorne filrnlmusi¢al shows per year which are altended by, and provide occupation for. a large proportion of older people. The MCC organises a wid¢ range of other activities social. educational and recreational for older people, using the premises six days a week. Additionally, donations ar¢ made from time to time, out of income generated by the CIO, to other charities with similar alms and objectiv¢s. ACHIEVEMENTS AND PERFORMANCE During the course of the year it was necessary to catry out substantial repairs and improvements to the buildin& including a major project on the main roof, to ensure it could continue to facilitate its busy use by our licensees and we wer¢ pleased to ¢nable and support their activities.
THE MILLER CENTR£ TRUST TRUSTEES, REPORT continued RISK The Trustees believe that the only rnajor risk to the financial stabilily of the C.IO is the possible loss of r¢ceipts from the Miller Centre. arising either from failure on the part of the licensees, from one or both of the licensees suffering significant reductions in income through reduced popularity of their activities or from Ihe property being unavailable for use. The latter eventsality mighi be alleviated by insurance, but there would be a temporary rUctIon of income which would have to be ftmd¢d from reserves. RESERVES POLICY The Trustees keep the qu¢stion of reserves under rcview at regular meettngs. The cost of major maintenance projects and enhanced facilities of the Mill¢r Centre are mel from reserves. The reserves are kept at a level needed to servic¢ the Miller Centre, a large building at the h¢art of the Caterham community, and to tide th¢ CIO over any possible short to medium term loss of income from identified risks. INVESTMENT POLICY Investment policy is discussed on a regular basis. Our airn is to maximis¢ income, so far as is compatible with maintaining the capital value of reserves in real tem]s and retaining an appropriate degree of liquidity. FINANCIAL REVIEW AND RESULTS FOR THE YEAR The operating surplus for the year was £13,828 (2024: surplus £4,108) and aft¢r taking into account a negative market moveTnent in investments of £5,424 (2024.. positive £18,656) resulted in an overall financial surplus of £8,404 (2024.. surplus £22.764). Th¢ total value of ndS amounts to £720.876 (2024: £712,472) including £51.513 (2024: £67,672) in the Building Fund which is a Restricted Fund and receives restricted income from MCTC as a contribution towards building repairs and improvernents. the CIO adds funds from the General Fund as required. Donations totslling £3,200 (2024.. £2,400) were made to 4 (2024: 3) chariti¢s which met the CIO'S criteria during the year. The tnlstees are satisfied that the CIO has more than adequate fidS in order to continue as a going Conccrn for the foreseeable future. FUTURE PLAI44S Our plans for 2025126 are to continue to support our two licensees, the Theatre Company and the Club, as they deal with the chaIleng¢s of preserving and increasing participation numbers, as well as continuing our prograrnme of works to maintain and improv¢ the fabric of the building and its facilities. VOLuiYfEERS Apart from the building manager who is employed by the trust, the CIO is supported by a number of volunteers who assist in the running of the tnjst.
THE MILLER. CENTRE TRUST TRUSTEES. REPORT continued TRUSTEES, RESPONSIBILITIES STATEMENT Th¢ trnstees are responsibl¢ for Preparing the Trustees, Annual Report and the financial stat¢ments in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Prnctice). The law applicable to charities in England and Wales requires the trustees to Prepare financial statements for each finan¢ial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the ttvstees are required to: select suitable accounting policies and then apply them consistently. observe the methods and principles in the Charities SORP. make judgements and estimates that are reasonable and prudent. state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the fllw]cial statements. prepare the financial statements on the going concern basis unless it is inappropriate to pr¢sume that the charity will continue in op¢ration. The trustees are responsible for keeping proper accounting records that disclos¢ with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the ass¢ts of the chatity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Approved by the Trustees on 16th December 2025 and signed on their behalf by: P. Shore Chair
THE MILLER CENTRE TRUST INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES I report to the trnst¢¢s on my examination of the accounts of the Mill¢r Centre Trust {th¢"CIO") for the year ended 31" March 2025. - Responsibilities and basis of report As the charity trustees of th¢ CIO you are responsible for the preparation of th¢ accounts in accordance with the requirements of th¢ Chariti¢s Act 20E I ('the Act,). I report in respect of my examination of the CIO'S accounts as required under stion 145 of the 2011 Act and in carrying out rny examination I have followed all the applicable Directions given by the Charity Commi55ion under s¢ction 145{5)(b) of the Act. Independent examiner's statement I have completed my examination. I confinn that no material rnalters have Come to my attention in connection with the examination giving me cause to believe that in any material respect.. l. Accounting records wer¢ not kept in respect of the CIO as rquired by section 130 of the Act. or 2. Thal accounts do not accord with those records. or 3. That accounts do not comply with th¢ applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than the requirement that the accounts give a 'true and fair view, which is not a matter considered as part of an independent examination. I have no concerns and have come acmss no other matters in comiection with th¢ ¢xamination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Lo LJL David Wheeler- Independent Examiner David Wh¢¢ler FCCA Cheeld Wheeler & Co Chartered Certified Accountants Redhill Chambers 2d High Street Redhill RHI IRJ Dated: 11 <
THE MILLER CENTRE TRUST STATEMENT OF FINANCIAL A_CTIVITIES FOR THE YEAR ENDED 31" MARCH 2025 All Restrleted and Unrestricted Funds 2025 2024 Notes INCOME Ineome from charitYdbl¢ activities: Indemnity received into Building Fund (r¢stricted) Miller Centre lieence rev¢nue Licensees contribution to expenditure items Investment Income Contribution to Building Fund from the Miller Centre Theatre Company 7,500 78,166 3,467 16,942 i 0,000 70,000 2,222 9,230 iO,O(M) (restricted) TOTAL INCOME 116,075 91,452 EXPENDITURE Expendithre on ¢haritable actlvities: Miller Centre running costs Building repairs & improvements Depreciation Donations to charities Governance costs 59,557 28,659 9,358 3.200 1,473 59,423 14,553 9,358 2,400 1,610 (restTiCted) TOTAL EXPENDITURE 102,247 87,344 Net gaIn(lo$s¢s) on investments (5,424) 18,656 NET MOVEMENT OF FUNDS 8,404 22,764 NET RECONCILIATION OF FUNDS Total fimds brought forward 712,472 689,7014 Total funds caTTied forward 14 £720,876 £712,472
THE MILLER CENTRE TRUST BALANCE SHEET AS AT 315t MARCH 2025 2025 2025 2024 2024 Notes FIXED ASSETS Tangible assets Investrnents 314,420 281,817 280.620 277,241 TOTAL FIXED ASSETS 596,237 557,861 CURRENT ASSETS Debtors Cash at bank io 10,460 132.035 4.508 166.765 TOTAL CURRENT ASSETS 142,495 171,273 CURRENT LIABILITIES Creditors Deferred income 12 13 2,189 15,667 3,329 13,333 TOTAL CURRENT LIABILITIES 17,856 16.662 NET CURRENT ASSETS 124,639 154,611 NET ASSETS 720,876 712,472 THE FUNDS OF THE CHARITY Restricted Funds Building Fund Unrestri¢ted Funds General Fund 14 15 51,513 62.672 669,363 649,800 TOTAL CHARITY FUNDS £720,876 £712,472 Approved by the Trustees on 16 December 2025 and signed on their behalf by: Chairryrustee £fy£- TreaSurerrSt¢e The notes on pages 9 to 13 fonn part of these accounts.
THE MILLER CEIYTRE TRUST NOTFS TO THE ACCOUNTS FOR THF YEAR ENDED 3151 MA_RCH 2025 The trust is registered &8 a Charitable tncorporatcd Organisation in England and Wales. AccouNTING POLICIES Basis of PreparatioD The financial statements have been prepared under the historical cost convention as modified by the inclusion of investments at market value. The financial statements have been prepar¢d in accordance with the Statement of R¢commended Practice.. A¢¢ounting and R¢porting by Charities preparing theiT accounts in a¢¢ordance with the Financial Reporting Standard applicable in th¢ UK and Republic of Ireland (FRS 102) and the Financial Reporting Standard applicable in th¢ United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011. The CIO constitutes a public benefit entity as defined by FRS 102. Income Recognition Bank interest, voluntsry income> grants and donations including income tsx refijnds are accounted for when received by th¢ CIO. Licence Fees are recolSed wh¢n earned. Gift5 in Kind The Charity receiv¢s the benefit of work carria out by volunt¢¢rs. Taxation As a registered Charity the CIO is exempt from Income Tax and Capital Gains Tax but not VAT. Investments Realised gains and losses are taken to the Income and Expenditure Account. Listed investments are shown at Mid MaTket Value. Tangible Fixed Assets Dq)reciation is provided at the following Tates: Building improvem¢nts- 20/0 on cost TRANSACTIONS WITH TRUSTEES AND OTHER CONNECTED PERSONS No remuneration or expenses are paid to the trustees. 2025 2024 INDEMNI'fiES RECEtVED Insurance Indemnity into Building Fund 7,500 £7,500 An insurance indemnity towards the cost of repair following a waste pip¢ leak.
THE MILLER CENTRE TRUST NOTES TO THE ACCOUNTS FOR THE PERIOD ENDED 31" MARC.H 2n25 (continued) 2025 2024 INVESTMENT INCOME Interest from UK savings accounts From UK listed investments From interest bearing investments 9,179 4,694 3.069 2,299 4.534 2,397 £16,942 £9230 MILLER CENTRE RUNNING COSTS Building servicing Staff Costs Utilities Council.. tax, rates, levy & licence fees Insurance Waste collection Miller Centre Club catering provisions Other general costs 9,027 22,565 14,732 2,615 6,771 1,562 2,267 18 12,387 21,462 13.654 2,570 6.328 1,346 1,631 45 £59,557 £59,423 GOVERNANCE COSTS Independent examiner's fee Legal and professional fees Bank charges 660 665 148 660 653 297 £1,473 £1,610 STAFF COSTS Gross salaries Employer Pension Contiibution 21,911 654 20,837 625 £22565 £21,462 One employee was employed during the year (2024: one) io
THE MILLER CENTRE TRUST NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 3151 MARCH 2025 (continued) TANGIBLE FED ASSETS Miller Centre Freehold Im Miller Centre rovements Miller Centre New R(f Total Cost at l April 2024 Additions 27,058 467,913 494,971 43,158 43.158 Cost at 31 March 2025 27,058 467,913 43,158 538,129 Dq)reciation at l April 2024 Charge for the year 214,351 9.358 214,351 9,358 Depreciation at 31 March 2025 223,709 223,709 Net book value at l April 2024 27,058 253,562 280,620 Net book value at 31 March 2025 £27,058 £244,204 £43,158 £314,420 The trnstees do not depreciate the freehold of the Miller Centre as they consider that the residual value is in exc¢ss of the CaAng amount in the accounts. A phased project to renew the Miller Centre roof cornpleted phase l in April 2025 and ph&8e 2 complet¢s in late 2025 representing approximately 600/0 of the roof in aggregate. Depreciation will comm¢nce in 2025126. Further phases in fvture yeaTS. FIXED ASSET INVESTMENrs Flxed Interest Fund Investment Fund TOTAL 2025 TOTAL 2024 Market value at 31 March 2024 Purchases during year Change in niarkct value 170.038 i 0,000 (8,205) 107,203 277,241 10,000 (5.424) 258,585 2,781 18,656 Market value at 31 March 2025 £171,833 £109,984 £281,817 £277,241 The Investments ar¢ h¢ld by CCLA Investtnent Management Ltd Mid market valuation as at balanc¢ sheet date. 2025 2024 io. DEBTORS Pr¢paid insurance Excess VAT and CCL paid on gas Miller Centre Club 4,287 5,759 414 4,134 374 £10,460 £4,508 li
THE MILLER CENTRE TRUST NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31" MARCH 2025 (continu¢d) 2025 2024 ii. CASH AT BK CAF Deposit Platform CAF Bank 102,203 29.832 140,583 26,182 £132,035 £166,765 CAF D¢posit Platfonn 15 provid¢d by Flagston¢ Inv¢strnent Management offering ac¢¢ss to banks and building societies savings accounts. 12. CREDITORS Trade creditors ACcnlS 1,529 660 2,669 660 £2,189 £3,329 13. DEFERRED INCOME License fees in advance Contribution to Building Fund in advance 14,000 1,667 11.666 1,667 £15,677 £13,333 14. MovEMEP4T IN FUNDS Brought Fonvard 01.04.2024 Cydrried Forward 31.03.2025 Income Expenditure Restricted Funds The Building Fund Unrestricted Funds General Funds 62,672 17,500 (28,659) 51.513 649,800 98,575 {79,012) 669,363 TOTAL FUNDS £712,472 £116,075 £(107,671) £720,876 15. THE BuILDIf4G FUND This restricted fund meets the expenditure on building repairs and improvements. The fund receives restricted income from The Miller Centre Theatre Company. An insurance indemnity was received during the yeaT. Funds are also transferred into the Building Fund from the General Fund as r¢quired. The fund is supported by cash balances. 16. RELATED PARTIES None. 12
THE MILLER CENTRE TRUST NOTES TO THE Accouiyfs FOR THE YEAR F.NDED 315t MARCH 2025 (continua) 17. VOLUNTEERS Apart from the buildlng manag¢r who is ¢mploycd by the trust, the CIO is supported by a number of volunteers who assist in the nlllning of the trust. i& TRUSTEES The trSlee5 give their time and skills to the CIO freely and none of them r¢¢¢ived any payment for their s¢rvices. None of the trste¢s claimed any expenses from the trust in th¢ year (2024- nil). GOING CONCERY4 19. The ChltY has substantial liquid resources and is e&sily able to meet its liabilities as they are due, and so the tDJstees are satisfied that there are no going C4)ncem probl¢ms. 20. UNDS OF THE CHARITY 2025 Total 2024 Total Buildlng fund General fund 314,420 281,817 10,460 80,522 Building fund General fund 280,620 277,241 4,508 99,093 16,662 Fixed assets Investments Debtors C at bank Creditors Charlty funds 314,420 281.817 10,460 132,035 17.856) 720,876 280,620 277,241 4,508 166,765 16,662 712,472 51,513 62,672 51.513 669J63 62,672 13