NEW MILTON MEMORIAL CENTRE Year ending 31 March 2024 Charlty Numbor.. 1200325 Unaudited accounts
Page Charity Intomiatlon Tru8te8'8 Report Incom8 & Exp8nditur8 Account 8818nce Sheet Cash Flow Notes to the Accounts 12 Accountant's R&port
CHfvllllfiNEQWTION Trusto9s Anthony John Almoda (appointed 4 October 20231 Peter Mlchaol Parslow Neil &wgnson Alan David Waison Charlty Numb81 1200325 New Milton Memorlal Centre Whitefield Ro8d New Milton Hampghlr Lloyds Bank Mi P Davi8 Ichairman part ofyearl Mr AWBtson IChairm8n part olyearl N Sandom (Centre M8n8gerl Mrs J Rgndall Mr81 Taylor Cllr G Beck (Royal Brf(ish Legionl CllrA Rice INOW d•e8ased- part ofyoarl
Trustees. Reportfor thg ygar ended 31 Morch 2024 ORGANISATIONALSTRUGTURE AND MANAGEMENT The Centre ¢ompletsd the iransttion to a Charitabl8 Incorporated Organlsatlon ICIOI on the 1" April2W23. On completion, the Centre had thFee Trustee8 and duringthe period onefurther Truslee was appointed. In addition a Consultstive Advlser h8$ btron vvorkingwith the Trustee5. It 1¥ 8nticip8ted thot 8 Programme io enust additionalTru8ts88 will be InStiated. For most of Ihe year. the Centre was wn by a Management Committee consisting of a Voluntary Chairman who reported to the Trust885. members of Btaff and several volunteers. Duringthe year. thera w¢re 8 number of changes to thè staff involved with the Centre. The Centre Manager and the main Caretakerwere r8pl8¢ed and the manage*ment ofthe Centre handled by a new C8ntre Manager (who had prwou$ experience ofthe rolel and the Ch8ir ofthe Trustee5. AcnvmES AND ACHIEVEMENTS The m¢Mt significant achievemenl duringthis period has been the ¢ompletlon of the Prolectio raise monies for the replacement of the rool and duringthis perioil the Roof has been comp18t8ly r8pla¢8d. after a long timo whan tho Hirgr8 often had to accepi major probiemswth water ingress. Durinethi8 period. Hire Feegwere maint8ined at pre-CDwd levels in an attempt m08tLy 8u¢¢essfully, to stem the reduction In Group booklngsfrom pre-covid times. It is signific8ntto note thot some Groups Suffer r•ductions in attendances from pre-covid l•v¥Ls. RnUeS suffered & slqnrfican1 drop lor a pèrlod. followngthe dissolving of the origin8l Nur$8ry Companywhich used th8 Harnpshir8 Roorn. Thls faci16tywastaken up again. some months later by a newTÈnant- Little Acorns Nursery. Added value rovenue$, $u¢h as the Bar and kniehen f¥rilities have contlnued io mAkè 8 P(>$itiv8 conirlbution. and 8ubst8ntial work has been undertaken to streamline the Bar offering. Overall, however, more work needs to be done to improve the occupaney rate ènd to incre88e the'cultural opportunities, provided bythe Centre-the latter of which can bling in slgnilicant revenues. FUTURE DEVELOPMENTS Consid2r8ble attention has b•en p8id duringthis porlod towards the develgpm9nt ot•'Wi$ion'for the Centre and the creatlon ol Strategies for the short. medium and Longterm. The current Op•rationalTe8rn, in¢ludtng some volunteèrs hov¢ been developinq much needed practlces to as8lst In the general day-to-day operation. th 8 consid8r8ble emphasis being placed on a gradual improvementio the 8mblen¢e of the Centre with emphasls belng placed on 80me key regulatory practicès. HNANCIAL REVIEW Tot81 income in the year ended 31 M8rch 2024 w8s £163,823. Of this income from Hall rentals was £79,247, Investment income wa8 £51, incorne Irem Event8. B8¥ and Vending machine were £33,976. Othgr incom•was È1,664. Donalion income was £8,288. Grant Incomè was £40.397.
TotaL expenditure in the yegr and8d 31 MBrch 2024 was £198.038. Expènditure on capltal repairs was £7B,785. &xpend¥turg on repair8 wa$ £5.791. exp8nditure on Lighting and hèètingwas £23.382. gXP8ndtture on Management and administration of the eharity wag £22.460. TRANSFER OF RESERVES The New Milton Memorial Centre, a Charitable Incorporated Organlsatlon ICIOI, commenced tr8ding on 1st April 2023 after a transition from the New Milton Wor M8moiial H811. charity number 270889. Th8 Charities Commission agreed to th58 tf8n8ition In an order ed 16th Janu8ry2023. Allthe assets and Liatsilitiès of tho Now Milton Wer Memtsrial Hall were handed overto tho Clo on 1st April 2023. The onè member ol staff was transferrgd on hi8 same term8 ancl eonditions. The tand rogistration change was submitted to HM L8nd Registry. RESERVES At 31 March 2024the Charity held Goneral Re58rv8s of£161.265, and R8Strictsd ReseNes of £29.219. In the year ondgd 31 Morch 2024 Re8trlei6d fund income was £43.000. Of th1$ Grant income toward8 capltal repairs was £40,397. R8Strictsd fund expenditure WAS E42.435 in totsl includinga transfer of £40,397 from Restricted Reserves for capital repairs. In the yèar ended 31 March 2024 Unr6stried fund income was £120.823, and Unre¥tricted fund expenditure was £196,000, reduc8d to £155.$03 by 8 tron8ferfrom Re8tricted reserve8. Sign•d gn behalf of the Board of Tvustee$ N Steven80n P Parslow Dated: 31 zuLs
NEW MILTON MEMORIALCENTRE Hall Rent8ls etc. Investment Incorne Evants. Bar and Vending rnachin8 Other Sncome Donatlons Grants 79.247 51 33.976 1,864 5.885 79.247 51 33,976 2.603 40,397 8288 40.397 Totalincominq resources 43.000 120,e23 163.823 Repair5 Salari85 and on costs ughtl and hg4tlng Water retgs Ucen¢os and iruTnCe Equipment hire MBnagement gnd 8dmlnistr81Son of the charl A(fvertlslng Donations Depreciation 84.556 54,262 23.382 1,709 5.261 15 20.422 722 84,555 54262 23,382 1,709 5.261 2.038 22.460 722 S,671 5.571 Totair&sour¢¢s •xpond•d 2,038 196,000 198,038 40.%2 175,1771 (342151 140.3971 40.397 Totalfunds introdLKed on tr8nsfer of ¢h8rity 196.045 224.699 29.219 161,265 190A84 Restri Funds r T0FundS Garried forward 29,219 161,265 190.484
NEW MILTONMEMORIALQENTRE Notes 172.769 Stock Dèbtor¥ duewithin oneye8f Ca8h ot bank& In hand 1.500 8.793 19,54fj 30.239 Credftors- faulng duewithln oneye8r 12.524 NOtCUlT45Sett 17.715 Totala4$0ts UHblUIIg 190.484 Total N&t•u•ts 190.484 RestriCt&1 UTrrÈstfjCted 29.21 161.265 190,484 Appro¥*J by theYrUst on 31 ffFL4 2n25 nd siqnad on their behalf.. SigTh8ture Signatur8 Narne P Parslow NarnE N SteY8n&on
NEW MILTON MEMORIALCENTRE Balance at start of year introduced on transfer of assets 49.344 (Deficitllsurplus forthe year {34,2151 Add: Non C8$h trènssetlons: Depreciation 5.671 Cash surplus for th8 year 128.5441 N6t C8sh avallable 20,800 Cash used Purchase of capital items Ilncre8S8IIDecr8ase in amount due from customers IDecre8selllncrease in p8yments in advance Incr8888 in amounts due to supplier8 IncreaselReduction in QLrtStanding taxgs Reduction in accruals Decrease in r8ntals in acfvance Decrease in Dther creditors 18021 11,2421 1.690 1.033 11,2781 12001 1551 Increase in Ga5h in the year 18541 C8sh balances at 31 M8rch 2024 19.946
NEW MILTON I£EI£QRIAL CEFIIBE 11 Accounting PollcleB The accounts (financial stat8mentsl have beèn prgpgred In occo¥dance with the Statement of Rgcommandad Practice: Accounting and Reporting by Charitles preparing their accounrs in accordance th th8 Financl&l Reportlng Standard 8pplicab18 in the UK and Republic of Ireland IFRS 1021 i$sued on 16 July 2014 and the Charities Act 2011. Tangible ftxed 8888t3 are stated at C08t less depreci8tion. Depreciation is provided at rale5 cBlculated to writa off the assets ovortheir expected useful lrfe on the following basis: Freehold 2% $traiEht line Equlpmant 15% raducing bal8nce The rental incom8 is accounted for on a hlrlng b8818, Other Income os re¢efved. Bar income IÈ accounted for net (being s81•9 and vendSng Incorng less purchases and gV8nts income). Value added tax is not recoverab18 by tha charlty and. as Such, is Includad in the r818vant osts in the st8tgment of financl81 Éctivities. Expenditure on management 8nd admlnlstratlgn of the charlty Includes ali expgndltur8 not related to the charitable 8ctwity orfundral8ing v8nture8. Thi8 IncludÈ$ the costs of running 8xpense8.
NEW MILTON MEMORIALCENTRE Notosto the accounts tor the year ¢nded 31 Maich2024 21 Grant In¢om? The following grantg were received in the yearto f und capit81 repairs. Source Barker mlll foundation Garfield Weston Bemard Surey Hampshir8 County Counc Re$trlcted 1,000 10,000 10,000 19.397 Unre8trlcted Totsl 1.000 10.000 10.000 19,397 40,397 40.397 3} Subcontract cleaning and rn8terials Telephone and internet Printing and stationery Sundry items Accountency and professional Travel Staff exp8nses Subscriptions St8ff training 2.950 1.306 265 43 4,795 68 171 1,064 88nkcharges Subcontraet 8dministration 349 11,449 22.460
NEW_MJLTQN MEMORIALCENTRE 4) stsitQosts Wages and salafl88 54,262 The Bverage number of staff employed by the charlty during the year was as follows- Caretakers Bar No employee received remuneratlon of more than £50.000. No remuneratlon was paid to the tiustees in the year. 51 NtLmovemoDLln lundsjotlbe year The net movement in funds for the year is stated after charging: Depreciation on tanbI6 fixed assets 5,671
NEW MILTON MEMORIALCENTRE Ngtg•to the a¢Gourrt¥ fvrthe year ended 31 M•rGh 2024 61 TaD@knLofixod •tt•tthr us&bylbooh•tity Addttions on regi$tratkJn ot new tharty Addr(iotlg In year A8 8t 31 M8r¢h 2024 162.268 15.372 802 16,174 177.638 802 178,440 162.266 Oepreclatlon DepYeci8tion blf Charge In theyear A8 at 31 M8rch 2024 3,245 3.245 2.426 2,426 5,671 5,671 Nth book v8lue: As at 31 Hareh 2024 159,021 13.748 172,769 71 Trad8 Dabtors 8,793 8.793 8) Trade Creditors Accruals Soch81 security arKJ oth•rtsx•s Loan 8,610 480 2.433 1.0 12,524 10
NEWMILT . MEMORIA.LIENTRE Nok¥ to_lljoaoo0tQlthQw •Dd•d 31 M•r¢h 2Q24 91 Re8trict•d iknr•strlcted Totsl Transfer of assets (see note 101 28,654 196.045 224,699 28,654 196.045 224,699 sfor 0* h•iity•u•ts The New Milton Memorial Centre. a Choritable Incoiporated Org•nisation ICIOI. commenced trading on 1 st Apri12023 after 8 transition from the New Mllton War Memorfal Hall, eharity number 270889. The Charities CommS8slon agreed to thi8 transition in an order dated 16th January2023_ All the assets and liabilities of the New Mtlton War M8morial Hall were handed over tothe CIO on 1stApril 2023. The one member ol staff was tr8nsferred on h1$ 8ame terms and conditions. The tand rgyJ8trBtlon Change wa$ $ubmined to HM Land Rewstry. Both thg freehold property and the equipment hbvo bean Introdu¢ed at net bookvalue the time of transfer. TherB are no matters to report.
NEWMILTON MEMORIALCENTRE C•rtlflod Accountqnts. R•port toth• Tru8t••s on lh• Proparatlon of th¢ Unaudlt•(l Flnancl41 Siatèm•nt$ •f Thè Nèw Mllton M•morl•l Cèntrèlor th• Yoar Endod 31 March 2024 In order to asslst you tofulfll yourdutles und•riho St8tamènt o( Recommended PractlC8- Accounting and Reporting by Charitie8. an¢J the Finan¢iaL Reporling Standard epplicable in the UK end Republic ol Ireland IFRS1021. and the CharitiesAct2011, we have prePad for your app¥ov8lthe fSnancial statements of The New Milton Memorlal Centre for the year ended 31 March 2024 which comprise the Summary Ineomè 8nd Expendiiure account. the BaL3n¢e Sheet. th8 Cash Flow statement and the related note8 from the Charity's accounting records and from infomi8tlon and explanations you have glven u8. It isyour dutyto énsurèthatlhB New Mllton Memorlal Centre ha8 kept 8dequale accounting records And to prèparg 8tatutory accounts that give 8 true 8nd fairvi8w of the assets, liabilities, financi81 position 8nd financial results of The New Milton Memorial Centre. You conslder thotThe New MILton Memorial Centre is exemptfrom the statutory 8udit requlrementforthe yeor. W8 have not been instructedto Cary Out an audit or a review ot the financial statements ofThe New Mlllon Mèmorial C•ntr•. Forlhis raason. we have notverilied the accuracy or complet8ness ol the accounting records or information and explanations you have given us and we do not, therefore, expre$$ any opinion on th988 accounts. DBtad: %cJfvS Jane Fereday Llmiled Chartered Certified Accountants Nursery Cottage Beckley Hinton Chri3tchurch Dorset BH237ED 12
Independent examiner's report on the accounts
Section A Independent Examiner’s Report
Report to the trustees/directors/ NEW MILTON MEMORIAL CENTRE members of On accounts for the year 31 MARCH 2024 ended Charity no.: 1200325 Company no.: Set out on pages 1-12
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31/03/2024.
Responsibilities and As the charity’s trustees of the Company (who are also the directors of the basis of report company for the purposes of company law), you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (“the 2006 Act”).
Having satisfied myself that the accounts of the Company are not required to be audited for this year under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity’s accounts as carried out under section 145 of the Charities Act 2011 (“the 2011 Act”). In carrying out my examination, I have followed the Directions given by the Charity Commission (under section 145(5)(b) of the 2011 Act.
| Independent | I have completed my examination. I confirm that no material matters have |
|---|---|
| examiner's statement | come to my attention which gives me cause to believe that: |
| • accounting records were not kept in accordance with section 386 of the | |
| Companies Act 2006; or | |
| • the accounts do not accord with such records; or | |
| • the accounts do not comply with relevant accounting requirements under | |
| section 396 of the Companies Act 2006 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 accounts have not been prepared in accordance with the Charities | |
| SORP (FRS102). |
I have no concems arKJ have come across no other matters in Gonnedion wtlh the examination to whith attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Signad: Name: SUE DAVIES Relevant professional qualifi¢ationl$) or body (if any): ACMA Address: 40 CHEwfoN WAY WALKFORD. CHRISTCHURCH DORSET, BH23 5LS Section B Disclosure Only complete if the examiner needs to hhIht material matters of ¢oncem (see CC32, Independent examination of chatity accounts: directions and guidance for einers>. Glve here brief details of any items that the examiner wishes to disclose.