**NEW MILTON MEMORIAL CENTRE** Year ending 31 March 2025
Charity Number: 1200325 Unaudited accounts
**NEW MILTON MEMORIAL CENTRE**
## **Period ended 31[st] March 2025**
## **INDEX**
Page
|1|Charity Information|
|---|---|
|2|Trustee’s Report|
|5|Income & Expenditure Account|
|6|Balance Sheet|
|7|Cash Flow|
|8|Notes to the Accounts|
|13|Accountant’s Report|
## **NEW MILTON MEMORIAL CENTRE**
## **CHARITY INFORMATION**
**Trustees** Anthony John Almeda Peter Michael Parslow Neil Stevenson Alan Watson (resigned January 2025) **Charity Number** 1200325 **Charity O�ice** New Milton Memorial Centre Whitefield Road New Milton Hampshire **Bankers** Lloyds Bank
1
## **NEW MILTON MEMORIAL CENTRE**
Trustees’ Report for the year ended 31 March 2025.
## **ORGANISATIONAL STRUCTURE AND MANAGEMENT**
The charity is a Charitable Incorporated Organisation (CIO) with a constitution that requires a minimum of three trustees. Most of the year it had four Trustees; Alan Watson was chair of trustees until he resigned in January 2025. In addition a Consultative Adviser has been working with the Trustees. The trustees have had several conversations with potential additional trustees. The Centre is run by an employed manager assisted by a couple of part time sta� and several volunteers. Carole West was manager until the end of 2024 when Matt Beavan took over. We have had little success with trustee appointments, two individual serving in that voluntary capacity for little more than a month each.
## **ACTIVITIES AND ACHIEVEMENTS**
of engaging an Event Manager on a commission basis. Finances have therefore remained tight. Added value revenues, such as the Bar and Kitchen facilities have continued to make a positive contribution, and substantial work has been undertaken to streamline the Bar o�ering. Overall, however, more work needs to be done to improve the occupancy rate and to increase the ‘cultural opportunities’ provided by the Centre – the latter of which can bring in significant revenues.
## **FUTURE DEVELOPMENTS**
Having re-established a ‘vision’ for the Centre, we re-established conversation with the New Milton Town Council around our place in the Neighbourhood Plan. This was timely as during the latter part of the year, the council ran a public consultation on how best to progress the plan.
The current Operational Team, including some volunteers continue to improve practices for general dayto-day operation, with a considerable emphasis being placed on a gradual improvement to the ambience of the Centre, in addition to ensuring key regulatory practices.
## **FINANCIAL REVIEW**
Total income in the year ended 31 March 2025 was £125,394 (2024: £163,823). Of this income from Hall rentals was £88,114 (2024: £79,247), Investment income was £7 (2024: £51), income from Events, Bar and Vending machine were £33,230 (2024: £33,976), Other income was £1,364 (2024: £1,864), Income from fundraising activities was £457 (2024: £Nil), Donation income was £2,222 (2024: £8,288), Grant income was £Nil (2024: £40,397).
Total expenditure in the year ended 31 March 2025 was £148,794 (2024: £198,038). Expenditure on capital repairs was £7,012 (2024: £78,765), expenditure on repairs was £15,218 (2024: £5,791), expenditure on Lighting and heating was £19,482 (2024: £23,382), expenditure on Management and administration of the charity was £23,797 (2024: £22,460).
2
## **RESERVES**
At 31 March 2025 the Charity held General Reserves of £144,877 (2024: £161,265), and Restricted Reserves of £22,207 (2024: £29,219).
In the year ended 31 March 2025 Restricted fund income was £Nil (2024: £43,000). Of this Grant income towards capital repairs was £Nil (2024: £40,397). Restricted fund expenditure was £7,012 (2024: £42,435 in total including a transfer of £40,397 from Restricted Reserves for capital repairs).
In the year ended 31 March 2025 Unrestricted fund income was £125,394 (2024: £120,823), and Unrestricted fund expenditure was £141,782 (2024: £196,000, reduced to £155,603 by a transfer from Restricted reserves).
## **GOING CONCERN REVIEW**
In the light of declining reserves, the trustees needed to seriously consider whether the centre is a going concern. There is strong public interest in retaining the facility. The intention is to increase income by hosting a variety of regular events; to that end we engaged an Event Manager on a commission basis, and then took the financial risk of engaging an experienced General Manager.
ticket” events as well as to reduce costs (e.g. by replacing the heating system). To that end we approached a local charity to discuss partnership in the form of a long term lease on part of the building in return for capital investment. We are also in conversation with the National Lottery refining a multi-year bid for capital and revenue support; this bid has been submitted in July 2025.
All three strands are aimed to take e�ect in 2025-26 and the trustees will continue to meet at least monthly to monitor the situation.
## **ACCOUNTING AND REPORTING RESPONSIBILITIES**
accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
statements for each year which give a true and fair view of the state of a�airs of the charity and of the incoming resources and application of resources, of the charity for that period. In preparing the financial statements, the trustees are required to:
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles in the applicable Charities SORP;
- make judgements and estimates that are reasonable and prudent;
* state whether applicable accounting standards have been followed, subject to any material departures that must be disclosed and explained in the financial statements;
- the charity will continue in business.
3
The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011, the applicable Charities (Accounts and Reports) Regulations, and the provisions of the Trust deed. They are also responsible for safeguarding the assets of the charity and taking reasonable steps for the prevention and detection of fraud and other irregularities.
included on the charity’s website in accordance with legislation in the United Kingdom.
## **Signed on behalf of the Board of Trustees**
N Stevenson _______________________________
P Parslow ______________________________
29 Nov 2025
27 Nov 2025
Dated
4
## **NEW MILTON MEMORIAL CENTRE**
## **Statement of financial activities for the year ended 31 March 2025**
## **SUMMARY INCOME AND EXPENDITURE ACCOUNT**
|**Incoming Resources**
Hall Rentals etc.
Investment Income
Events, Bar and Vending machine
Other income
Income from fundraising activities
Donations
Grants
**Total incoming resources**
**Resources Expended**
**Direct Charitable Expenditure**
Repairs
Salaries and on costs
Lighting and heating
Water rates
Licences and insurance
Equipment hire
Management and administration of the charity
Advertising
Grants Payable
Depreciation
**Total resources expended**
**Net movement in funds in the year**
**Restricted funds used for capital projects**
Total funds introduced on transfer of charity
Total funds brought forward
**Total Funds carried forward**|**Notes**
1c
2
4
3
5||Restricted
£
-
-
-
-
-
-
-|**2025**
**2024**
Unrestricted
Total
Total
£
£
£
88,114
88,114
79,247
7
7
51
33,230
33,230
33,976
1,364
1,364
1,864
457
457
-
2,222
2,222
8,288
-
-
40,397
125,394
125,394
163,823
15,218
22,230
84,556
69,702
69,702
54,262
19,482
19,482
23,382
1,896
1,896
1,709
4,857
4,857
5,261
36
36
15
23,797
23,797
22,460
1,487
1,487
722
-
0
-
5,307
5,307
5,671
141,782
148,794
198,038
(16,388)
(23,400)
(34,215)
-
-
-
-
-
224,699
(16,388)
(23,400)
190,484
161,265
190,484
-
144,877
167,084
190,484|
|---|---|---|---|---|
||||-||
||||7,012
-
-
-
-
-
-
-
-
-||
||||7,012||
||||(7,012)
-
-||
||||(7,012)
29,219||
||||22,207||
5
## **NEW MILTON MEMORIAL CENTRE**
## **BALANCE SHEET AS AT 31 MARCH 2025**
|Notes
**Fixed Assets**
6
**Current Assets**
Stock
7
Cash at bank & in hand
Less Creditors - falli
8
**Net current assets**
**Total assets less current liabilities**
**Total Net assets**
**Capital**
Restricted
Unrestricted
Debtors due within
one year|£
1,934
2,091
7,868
11,893
(13,183)|£
1,934
2,091
7,868
11,893
(13,183)|**2025**
£
£
168,374
1,500
8,793
19,946
30,239
(12,524)
(1,290)
167,084
167,084
22,207
144,877
167,084|**2024**
£
172,769
17,715|
|---|---|---|---|---|
||||||
|||||190,484|
|||||190,484|
|||||29,219
161,265|
|||||190,484|
27 Nov 2025
Approved by the Trustees on ______________________________________ and signed on their behalf:
Signature Signature
Name P Parslow Name
N Stevenson
6
## **NEW MILTON MEMORIAL CENTRE**
## **CASH FLOW STATEMENT**
## **For The Year Ended 31 March 2025**
|||**2025**||**2024**|
|---|---|---|---|---|
|Bank balance at 1 April 2024||19,946||-|
|Bank balance b/f / introduced on transfer of assets||-||49,344|
|(Deficit)/Surplus for the year|(23,400)||(34,215)||
|Add: Non Cash transactions:|||||
|Depreciation|5,307||5,671||
|Cash surplus for the year||(18,093)||(28,544)|
|Net cash available||1,853||20,800|
|Cash used|||||
|Purchase of capital items|(912)||(802)||
|(Increase)/Decrease in amount due from customers|6,702||(1,242)||
|(Increase)/Decrease in amount of stock held|(434)||-||
|Increase/(Decrease) in amounts due to suppliers|(576)||1,690||
|Increase/(Decrease) in outstanding taxes|1,386||1,033||
|Increase/(Decrease) in accruals|810||(1,278)||
|Increase/(Decrease) in rentals in advance|-||(200)||
|Increase/(Decrease) in loan|(1,000)||-||
|Increase/(Decrease) in other creditors|39||(55)||
|Increase in cash in the year||6,015||(854)|
|Cash balances at 31 March 2025||7,868||19,946|
7
## **NEW MILTON MEMORIAL CENTRE**
## **Notes to the accounts for the year ended 31 March 2025**
## **1) Accounting Policies**
## a. Basis of preparation of the accounts
Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 and the Charities Act 2011.
## b. Tangible Fixed Assets for use by the Charity and Depreciation
rates calculated to write o� the assets over their expected useful life on the following basis:
Freehold 2% straight line Equipment 15% reducing balance
## c. Income
The rental income is accounted for on a hiring basis, other income as received. Income from events, bar sales and vending machines is recognised on a gross basis when the sale is made. The associated cost of sales is included within charitable expenditure.
## d. Value Added Tax
Value added tax is not recoverable by the charity and, as such, is included in the relevant
## e. Management and Administration Expenditure
Expenditure on management and administration of the charity includes all expenditure not related to the charitable activity or fundraising ventures. This includes the costs of running expenses.
8
**NEW MILTON MEMORIAL CENTRE**
## **Notes to the accounts for the year ended 31 March 2025**
## **2) Grant Income**
No grant income was received in the year ended 31 March 2025.
The following grant income was received in the year ended 31 March 2024 to fund capital repairs:
|**Source**
Barker mill foundation
Garfield Weston
Bernard Suney
Hampshire County Council|**RestrictedUnrestricted**
**Total**
1,000
-
1,000
10,000
-
10,000
10,000
-
10,000
19,397
-
19,397
40,397
-
40,397|
|---|---|
## **3) Cost of management and administration of the charity**
|Subcontract cleaning and materials
Telephone and internet
Printing and stationery
Sundry items
Accountancy and professional
Travel
Staff expenses
Subscriptions
Recruitment expenses
Bank charges
Charitable donations
Cost of sales - Bar and catering|**2025**
**2024**
2,852
2,950
1,128
1,306
576
265
888
43
2,206
4,795
-
68
125
171
3,121
1,064
183
-
914
349
25
-
11,779
11,449|**2024**|
|---|---|---|
||23,797
22,460||
9
## **NEW MILTON MEMORIAL CENTRE**
## **Notes to the accounts for the year ended 31 March 2025**
## **4) Sta� Costs**
||**2025**|**2024**|
|---|---|---|
|Wages and salaries|69,702|54,262|
|The average number of staff employed by the charity during the year was as follows -|||
|Caretakers|2|1|
|Bar|-|2|
|Admin|1|-|
|Managers|2|-|
||5|3|
|No employee received remuneration of more than £50,000.|||
|No remuneration was paid to the trustees in the year.|||
## **5) Net movement in funds for the year**
The net movement in funds for the year is stated after charging:
|Depreciation on tangible fixed assets|**2025**
**2024**
5,307
5,671|**2024**|
|---|---|---|
10
## **NEW MILTON MEMORIAL CENTRE**
## **Notes to the accounts for the year ended 31 March 2025**
## **6) Tangible fxed assets for use by the charity**
|**7)**
**8)**|**Debtors**
**Creditors - amounts falling due within one year**
**Freehold**
£
Cost:
As at 1 April 2024
162,266
Additions in year
-
As at 31 March 2025
162,266
Depreciation
As at 1 April 2024
3,245
Charge in the year
3,245
As at 31 March 2025
6,490
Net book value:
As at 31 March 2025
155,776
As at 31 March 2024
159,021
Trade Debtors
Trade Creditors
Accruals
Social security and other taxes
Loan
Other Creditors|**Equipment**
£
16,174
912|**Equipment**
£
16,174
912|**Equipment**
£
16,174
912|
|---|---|---|---|---|
||||17,086||
||||2,426
2,062||
||||4,488||
||||12,598||
||||13,748||
||||**2025**
2,091|**2025**|
||||2,091||
||||||
||||13,183
12,524||
11
**NEW MILTON MEMORIAL CENTRE**
## **Notes to the accounts for the year ended 31 March 2025**
## **9) Reserves**
|Balance at 1 April 2024
Transfer of assets (see note 10)
Income during the year
Expenditure during the year
Balance at 31 March 2025|**Restricted**
**Unrestricted**
**Total**
**2024**
**£**
**£**
**£**
**£**
29,219
161,265
190,484
-
-
-
-
224,699
-
125,394
125,394
163,823
(7,012)
(141,782)
(148,794)
(198,038)
22,207
144,877
167,084
190,484|
|---|---|
## **10) Transfer of Charity assets**
The New Milton Memorial Centre, a Charitable Incorporated Organisation (CIO), commenced trading on 1st April 2023 after a transition from the New Milton War Memorial Hall, charity number 270889. The Charities Commission agreed to this transition in an order dated 16th January 2023. All the assets and liabilities of the New Milton War Memorial Hall were handed over to the CIO on 1st April 2023. The one member of sta� was transferred on his same terms and conditions. The land registration change was submitted to HM Land Registry.
Both the freehold property and the equipment were introduced at net book value at the time of transfer.
## **11) Trustees**
There are no matters to report.
12
## **NEW MILTON MEMORIAL CENTRE**
## **Statements of The New Milton Memorial Centre for the Year Ended 31 March 2025**
Reporting by Charities, and the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102), and the Charities Act 2011, we have prepared for your approval the financial statements of The New Milton Memorial Centre for the year ended 31 March 2025 which comprise the Summary Income and Expenditure account, the Balance Sheet, the Cash Flow statement and the related notes from the Charity’s accounting records and from information and explanations you have given us.
It is your duty to ensure that The New Milton Memorial Centre has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and financial results of The New Milton Memorial Centre. You consider that The New Milton Memorial Centre is exempt from the statutory audit requirement for the year.
Milton Memorial Centre. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given us and we do not, therefore, express any opinion on these accounts.
…………………………………………………………….
Dated: 01 Dec 2025
Jane Fereday Limited Chartered Certified Accountants Nursery Cottage Beckley Hinton Christchurch Dorset BH23 7ED
13
**Independent examiner's report on the accounts**
## **Section A Independent Examiner’s Report**
**Report to the trustees** NEW MILTON MEMORIAL CENTRE **On accounts for the year** 31 MARCH 2025 **Charity no.:** 1200325 **ended Set out on pages** 1-13
I report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the year ended 31/03/2025.
**Responsibilities and** As the charity's trustees, you are responsible for the preparation of the **basis of report** accounts in accordance with the requirements of the Charities Act 2011 (“the Act”).
I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
**Independent** I have completed my examination. I confirm that no material matters have **examiner's statement** come to my attention in connection with the examination which gives me cause to believe that in, any material respect:
- the accounting records were not kept in accordance with section 130 of the Charities Act; or
- the accounts did not accord with the accounting records; or
- the accounts did not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
**Date:** 1 December 2025 **Signed: Name:** Julia Yingchun Zhu **Relevant professional** ACCA **qualification(s) or body (if any): Address:** 7 Hare Lane New Milton Hampshire BH25 5AF
## **Section B Disclosure**
Only complete if the examiner needs to highlight material matters of concern (see CC32, Independent examination of charity accounts: directions and guidance for examiners).
**Give here brief details of any items that the examiner wishes to disclose** .