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|Trustees' Report||1tos|
|---|---|---|
|Statement ofTrustees'|Responsibilities||
|Independent
Auditors'|Report|10to 12|
|Statement ofFinancial|Activities|13|
|Balance Sheet||14|
|Statement ofCash Flows||15|
|Notes to the Financial|Statements|16to 31|
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|Reference and Administrative|Reference and Administrative|Details||||
|---|---|---|---|---|---|
|Trustees||LLewis||||
|||C Healy||(Resigned|3'~ April 2023)|
|||P Wagstaffe||(Resigned|3'~ April 2023))|
|||V Galbraith||(Resigned|9'" October 2022)|
|||JRuffell||||
|||LDawson||||
|||N Browne||||
|||M Ross||(Passed Away 7'" May 2023)||
|||P Allen||||
|||JTurner||(Appointed|6~ February 2023)|
|Senior Management|Team|Rachel Smith||Centre Manager||
|||Sharon Nethercott||Preschool|Manager|
|Principal OAice||New Street||||
|||Lymington||||
|||Hampshire||||
|||SO41 9BQ||||
|Charity Registration|Number|118876S||||
|Website||hti
s:ill
min~~toncommuni||.corn/||
|Solicitors||Lester Aldridge||||
|||Russell
House||||
|||Oxford Road||||
|||Bournemouth||||
|||Dorset||||
|||BH8 8EX||||
|||Page|1|of31||
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||||Unrestricted|Restricted|Total|Total|
|---|---|---|---|---|---|---|
|||Notes|Funds|Funds|2023|2022|
|Income and Endowments|from||||||
|Donation and Legacies|||49,135|232,422|281,557|32 223|
|Charitable
activities|||482,781||482,781|418,293|
|Other trading activities|||37,017||37,017|30,486|
|Investment
Income|||8,371||8,371|798|
|Other Income|||613||613|530|
|Total Income|||577,917|232,422|810,339|482,330|
|Expenditure|||||||
|Cost ofraising funds|||17|3,857|3,874|4,537|
|Expenditure
on charitable|activities||544,996|29,342|574,338|499,579|
|Total Expenditure|||545,013|33,199|578,212|504,116|
|Net (expenditure)/Income|||32,904|199,223|232,127|(21,786)|
|Funds transfer from old charity|||||||
|Transfer between
funds||17|68,767|(68,767)|||
|Net income/(expenditure)|&net||||||
|movement
in funds after|transfers||101,671|130,456|232,127|(21,786)|
|Total funds, brought forward|||1,238,017|171,139|1,409,156|1,430,942|
|Total funds, carried forward|||1,339,688|301,595|1,641,283|1,409,156|
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|||Notes|2023|2022||
|---|---|---|---|---|---|
|Fixed assets||||||
|Tangible assets||13||996,660|928,134|
|Current assets||||||
|Stock||14|3,492|1,818||
|Debtors||15|64,723|57,523||
|Cash at bank and in hand|||650,476|476,105||
||||718,691|535,446||
|Liabilities||||||
|Creditors
falling due with in one|year|16|(74,068)|(54,424)||
|Net current assets||||644,623|481,022|
|Net assets||||1,641,283|1,409,156|
|The funds ofthe charity||||||
|Unrestricted
funds:||||||
|General||17||57,884|76,459|
|Designated||17||1,281,804|1,161,558|
|Restricted
funds||17||301,595|171,139|
|Total charity funds||||1,641,283|1,409,156|
|These accounts were approved|by the trustees on 5th||February 2024 and|were signed on their behalf by:||
|LDawson|||N Browne|||
|Treasurer|||Acting Chair|||
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||||2023|2022|
|---|---|---|---|---|
|Cash flow from operating
activities|||||
|Net movement
in funds|||232,127|(21,786)|
|Add back depreciation|||49,140|(11,294)|
|Decrease
/ (increase) in Stock|||(1,674)||
|Decrease / (increase) in debtors|||(7,200)|35,740|
|Increase / (decrease)
in creditors|||19,644|5,766|
|Net Cash flow generated
from Operating|Activities||292,037|3,106|
|Cash flows from investing
activities|||||
|Purchase oftangible
fixed assets|||(117,666)|(104,399)|
|Cash used in investing
activities|||(117,666|104,399)|
|Cash flows from financing activities|||||
|Cash used in financing activities|||||
|Increase / (decrease) in cash Er,cash equivalents||in the year|174,371|107,505|
|Cash Eccash equivalents
at the beginning of|the|year|476,105|583,610|
|Total cash dk cash equivalents
at the end|ofthe year||650,476|476,105|
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|Depreciation|is provided|on tangible fixed assets soasto write offthe cost or valuation,
less any estimated|on tangible fixed assets soasto write offthe cost or valuation,
less any estimated|on tangible fixed assets soasto write offthe cost or valuation,
less any estimated|on tangible fixed assets soasto write offthe cost or valuation,
less any estimated|residual|
|---|---|---|---|---|---|---|
|value, over|their expected|useful economic life as follows:|||||
|Asset class|||Depreciation
method||and rate||
|Other freehold property|||2%straight|line basis|||
||||Computer|equipment:|66.7%first|year,|
|Fixtures, fittings and equipment|||33,3%second year basis, Furniture|||and|
||||equipment:|3year straight
line basis|||
|Freehold Fuller McLellan||Hall|2%straight|line basis|||
|Celebrating|70 refurbishment||5%straight|line basis|||
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||||Unrestricted||Total|Total|
|---|---|---|---|---|---|---|
||||General|Restricted|2023|2022|
|Government|Grants||7,500||7,500|9,000|
|Fund Raising-Celebrating||70||19,220|19,220|23,223|
|Fund Raising-Others|||4,135||4,135||
|Donation for|Lift &Access Ramps developments||37,500||37,500||
|Donation for|Toilet Development|||213,202|213,202||
||||49 135|232422|281557|32,223|
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||||||Unr estricted|Restricted|Total|Total|
|---|---|---|---|---|---|---|---|---|
||||||Funds|Funds|2023|2022|
||||||||f.||
|Subscription|||||13,350||13,350|11,614|
|Subscriptions||from|atriliated|bodies|1,546||1,546|1,650|
|Car Park Income|||||7,232||7,232|6,909|
|Classes Income|||||6,180||6,180|6,832|
|Bar|||||17,084||17,084|12,019|
|Cafe|||||68,671||68,671|46,104|
|Cinema/Malt||Hall|||84,579||84,579|63,514|
|Pottery|||||1,610||1,610|1,771|
|Lymington|Players||||14,378||14,378|14,178|
|Preschool|||||102,400||102,400|95,713|
|Public and internal|||room hire||162,081||162,081|156,097|
|Equipment|Hire||||1,324||1,324|1,318|
|Photocopying||Income|||2,346||2,346|574|
||||||482 781||482,781|418893|
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|||Unrestricted|||||
|---|---|---|---|---|---|---|
||||Total||Total||
|||General||2023f||2022
f|
|Sale|ofbooks|8,111||8, 1 1 1||6,554|
|Tidal|Boutique Sales income|28,906||28,906||23,932|
|||37,017||37,017||30,486|
|||Unrestricted|Total|Total|
|---|---|---|---|---|
|||General|2023|2022|
|||||f|
|Interest|income|8,371|8,371|798|
|||8,371|8,371|798|
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|||Unrestricted|Total|Total|
|---|---|---|---|---|
|||General f|2023
f|2022|
|Other|Income|613|613|530|
|||613|613|530|
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|Cost oftrading activi ties|Cost oftrading activi ties||||||
|---|---|---|---|---|---|---|
|||Unrestricted|||||
|||funds||Restricted|Total|Total|
|||General||funds|2023|2022|
|Fandraising|trading cost||||||
|Fundraising|||17|3,857|3,874|4,537|
||||17|3,857|3,874|4,537|
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|||Unrestricted||||
|---|---|---|---|---|---|
|||funds|Restricted|Total|Total|
|||General|funds|2023|2022|
|Gasses expenditure||2,292||2,292|2,417|
|Bar||7,309||7,309|6,587|
|Cafe inlcuding|salaries|51,488||51,488|39,954|
|Cinema/Malt|Hall|42,072||42,072|35,029|
|Lymington
Players||3,475||3,475|3,519|
|Preschool||103,952||103,952|94,270|
|Pottery expenditure||137||137|489|
|Support cost(|Refer Note 9)|314,473||314,473|312,457|
|Depreciation||19,798|29,342|49,140|(11,294)|
|||544 996|29342|574 38|499579|
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||||||Unrestricted|||
|---|---|---|---|---|---|---|---|
||||||funds|To'tal|Total|
||||||General|2023|2022|
|Administrative
salaries|||||137,625|137,625|150,590|
|Water rates|||||3,106|3,106|1,919|
|Light and|heat||||44,108|44,108|33,890|
|Insurance|||||11,164|11,164|11,411|
|Building repairs|||||5,852|5,852|9,970|
|Equipment|repairs and|renewal|||8,913|8,913|1,545|
|Computer|maintenance|and|software||5,149|5,149|4,575|
|Telephone|||||2,459|2,459|3,544|
|Printing,|postage, stationary||and advertising||4,484|4,484|4,258|
|Newsletter
and MLAP|||||2,675|2,675|1,065|
|Sundry expenses|||||7,233|7,233|4,440|
|Cleaning|and waste disposal-inlcuding|||wages|66,144|66,144|64,405|
|Audit and|Accountancy||||5,675|5,675|8,289|
|Legal and|professional|fees|||5,634|5,634|9,399|
|Bank charges|||||4,252|4,252|3,l57|
||||||314473|314473|312457|
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|||2023|2022|
|---|---|---|---|
|Audit fees||5,400|5,400|
|Other non-audit|services|275|2,889|
|Deprecitaion of|fixed asset|49,140|(11,294)|
|||54$15|3005|
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|Staffcosts|2023f|2022|
|---|---|---|
|Wages and Salaries|282,997|281,756|
|Social security cost|14,573|13,707|
|Pension cost|5,141|4,869|
||302,711|300 32|
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||Land and|Furniture|and|Computer|Celebrating|70|Freehold Fuller|
|---|---|---|---|---|---|---|---|
||building|equipment||equipment|refurbishment||McLellau Hall|
|Cost||||||||
|At 1st September 2022|175,271|243,274||1,850|471,674||706,890|
|Additions|||2,294|211|115,161|||
|As at 31stAugust 2023|175,271|245,568||2,061|586,835||706,890|
|Depreciation||||||||
|At 1st September 2022|116,720|242,198||514|85,G33||226,360|
|Charge for the year|3,504||924|1,234|29,342||14,136|
|As at 31stAugust 2023|120,224|?43,122||1,748|114/75||240,496|
|Net BookValue||||||||
|As at 31stAugust 2G23|55,047||2,446|313|472,460||466,394|
|As at 31stAugust 2022|58,551||1,076|1,336|386,641||480,530|
||||||||Total|
||||||||K|
|Cost||||||||
|At 1stSeptember 2022|||||||1,598,959|
|Additions|||||||117,666|
|As at 31stAugust 2023|||||||1,716,625|
|Depreciation||||||||
|At 1stSeptember 2022|||||||670,825|
|Charge for the year|||||||49,140|
|As at 31stAugust 2023|||||||719/65|
|Net BookValue||||||||
|As at 31stAugust 2023|||||||996,660|
|As at 31stAugust 2022|||||||9?8,134|
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||Notes to|the Financial Statements
for the|Year Ended 31August|2023|
|---|---|---|---|---|
|14Stock|||||
||||2023|2022|
||||K||
|Stocks|||3,492|1,818|
||||3,492|1,818|
|15Debtors|||||
||||2023|2022|
||||K||
|Trade Debtors|||25,659|22,701|
|Prepayments|||21,131|17,472|
|Other debtors (Freda||Hohue s legacy)|17,350|17,350|
|Accrued|income||583||
||||64,723|57,523|
|16Creditors: amount||falhng due within one year|||
||||2023|2022|
||||K||
|Trade Creditors|||9,793|9,890|
|Other taxation and social security|||9,827|1,502|
|Pension|scheme creditor||1,243|2,169|
|Accruals|||I7,643|16,121|
|Deferred Income (see note below)|||35,562|24,742|
||||74068|54424|
|Deferred|Income:||||
||||2023|2022|
|Deferred|Income balance at 1stSeptember||24,742|(22,727)|
|Amount|deferred in the year||62,318|24,742|
|Amount|released to income in the year||(51,499)|22,727|
|Deferred|Income balance at year end August||35,562|24,742|
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|||||||Balance at|
|---|---|---|---|---|---|---|
|||Balance at I|Incoming|Resources||31stAugust|
|||September 2022|resources|expended|Transfers|2023|
|Unrestricted|||||||
|General|||||||
|Unrestricted
general|funds|76,459|540,417|(512,598)|(46,394)|57,884|
|Designated|||||||
|Establishment
Fund||9I3,373|||115,160|1,028,533|
|Pre-School Fund||I2,000||||I2,000|
|Development
Fund -|Malt Hall Cinema|5,619||||5,6I9|
|Disaster Recovery Reserve||i40,000||||l40,000|
|Development
Fund -|Lifl &,Access Ramps|90,566|37,500|(32,415)||95,65 I|
|Total Designated||1,161,558|37,500|32,415|115,160|IP81,804|
|Total Unrestricted||1,238,017|577,917|545,013|68,767|1,339,688|
|Restricted|||||||
|Celebrating 70||17I,139|19,220|(33,199)|(40,966)|116,195|
|Deva laprnent C70 Fund - Toilet Development|||213,202||27,80I|185,400|
|Total Restricted||171,139|232,422|33,199|68,767|301,595|
|Total Funds||1,409,156|810@39|578312||1,641,283|
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|Notes|Notes|Notes|to|th|e Financial Stat|ements for the Ye|ar Ended|31August 2|023||
|---|---|---|---|---|---|---|---|---|---|---|
|Previous year|||||||||||
|||||||||||Balance at|
|||||||Balance at1|Incomt ng|Resources||31st August|
|||||||September 2021|resources|expended|Transfers|2022|
|Unrestrt cted|||||||||||
|General|||||||||||
|Unrestricted||general|funds|||28,559|383,968|(412,693)|76,625|76,459|
|Designated|||||||||||
|Establishment||Fund||||812,441|||100,932|913,373|
|Pre-School|Fund|||||12,000||||12,000|
|Development||Fund General||||25,489|||(25,489)||
|Developtnent||Fund Malt||Hall||5,619||||5,619|
|Disaster Recovery Reserve||||||140,000||||140,000|
|Development||Fund Planning|||||16,151|(16,151)|||
|Development||Furtd-Cafe||Refurb|||1,058|(1,058)|||
|Development||Fund-Wellington|||Room Refurb||57,930|(57,930)|||
|Development||Fund-New||Pre|School|52,068|||(52,068)||
|Development||Futtd-Lift||||132,510||(41,944)||90,566|
|||||||1,180 127|75,139|117083)|23375|1,161,558|
|Total Unrestricted||||||1,208,686|459,107|(529,776)|100,000|1,238,017|
|Restricted|||||||||||
|Celebrating|70|||||222,256|23,223|25,660|(100,000)|171,139|
|Total Funds||||||1,430,942|482,330|504,116)||1,409,156|
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|||Unrestricted|Unrestricted|funds|Restricted|Total funds at|
|---|---|---|---|---|---|---|
|||General|Designated||funds|31stAugust 2023|
|Tangible|fixed assets|||996,660||996,660|
|Current|assets|131,952||285,144|301,595|718,691|
|Current|liabilities|74,068)||||74,068|
|Total Net assets||57884||1 81804|301,595|1641283|
|||Unrestricted||funds|Restricted|Total funds at|
|||General|Designated||funds|31stAugust 2023|
|Tangible|fixed assets|||928,134||928,134|
|Current|assets|130,883||233,424|171,139|535,446|
|Current!|iabiiities|54,424||||54,424)|
|Total Net assets||76459||1,161,558|171,139|1,409 156|
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