COMPANY REGisfRATION NUMBER: 02494406 CHARITY REGIRATION NUMBER: 702897 Millom Recreatlon Centre Limited Company Limlted by Guarantee Unaudited Financial Statements 31 July 2025 SAINT & CO Chartered accountants 12113 Church Street Whltehaven Cumbria CA28 7AY
Millom Recreation Centre Limited Company Limited by Guarantee Flnanclal Statements Year ended 31 July 2025 Page Trustee5' annual report lincorporating the dlrector'5 report) Independent examiner's report to the trustees Ststement of financial activlties (including income and expenditure accounll Statement of financial p05ition Notes to the financial statements The followlnB pa8e5 do form part of the financlal statements Detailed statement of financial artivf(ies 20 Notes to the detailed statement of financial activitie5 22
Millom Recreation Centre Llmited Company Limited by Guarantee Trustee5' Annual Report Ilncorporatlng the Dlrertor's Report) Year ended 31 Juty 20Z5 The trustees, who are also the directors for the purposes of company law, present their report and the unaudlted financial ststements of the charity for the year ended 31 luty 2025. Reference and administratlve detai15 Re8i5tered tharlty name Millom Recreatlon Centre Limited Charfty reglstratlon number 702897 Company registration numbèr 02494406 Prlnapal office and registered office L?ncashire Road Mlllom Cumbria LA18 4BX England The trustees M Giles N Tomlinson D BllllnE H Maiden B Moyle Rossei (Retlred 16 November 20251 IAppointed 16 September 20251 (Appointed 16 Seplember 20251 Company Secretary D E Tyson Independent eKaminer lan Scott BAlhonsl,FCA,DChA Salnt & Co. 12113 Church Street Whitehaven Cumbria CA28 7AY
Millom Recreation Centre Llmited Company Llmlted by Guarantee Trustees, Annual Report {Incorporatin8 the Dlrector's Reportl icon¢1 Year ended 31 July 2025 Structure, governance and management The Company is a regISted Charr(y limited by guarantee. The Chority wa5 incorporated on 20 April 1990. Rl$k Management The Trustees have examined the major strate8lc, business and operational risks which the charity faS and confirm that systems have been established to enable re8ular reports to be produced so that the necessary steps can be taken to lessen the risks. Key Management Personnel Remuneratlon The trustees consider the Board of Trustees and the manager as comprising the key management personnel of the charity In charge of diretting and controlling the charity and running and operating the charity on a day to day basis. All trustees give of their time fieely and no trustee remuneration was paid in the year. The pay of the charity's Manager is reviewed and assessed in accordance wrth average earnings. The remuneration is also bench-marked wtth charlties of a similar Size and activity to ensure that the remuneration set ig fair and not out of line wrÉh that generally paid for simllar roles. Objertlves and artivltles The objectwes of the centre are to provlde or assist in providing facilities for recreation, physical education or other leisure tlme occupation in or in connection with Millom and its neighbourhood. We have referd to the guidance contained in the Charlty Commlsslon's general suidance on public benefit when VIeWIng our alm and objectives and in planning our future attivf(ies. In particular, the Tmstees consider how planned activStles will contribute to the aims and objective5 they have set. Achlevement5 and pertomiance Over the past year, Millom Recreation Centre has continued to play a vital Tole in supportin8 the health, wellbeing and Social connection of our community. Despite ongoing challenge5 across the leisure sector, the centre ha5 maintained strong engagement through a diverse programme of activitles, welcoming users of all ages and abSlltles. Durin8 the year there was an accident Involving a vehicle causing damage to the structure of the buildlng. Unfortunately the facility had to close for a period of time whilst the dama8e was rettified. Throughout the period of closure following the car accident, the busine55 experienced an unavoidable loss of income due to the 5U5pension of normal operations. As a result, revenue was significantly reduced while fixed costs and overheads continued to accrue. This disruption has had a dirett impact on the compan$ financial position for the period, and the associated losses have been reflected accordingty in the account5.
Millom Recreation Centre Limlted Company Limited by Guarantee Trustees, Annual Report Ilncorporatlng the Dlrertor's Report) ftontlnuedl Year ended 31 July 2025 Financial revlew Following a deficit for the year of £37,598 there wa5 a total of £42,184 in net assets on the general fund and £8,568 on the restrided fund. Resenos Polity It is the policy of the charity to malntain unrestricted fund5, which are the free reserves of the charky, at level which equates to about twelve months unre5tTiCted expenditure plus an allowance for any forecast shortfall on project expendrture. This provides sufficieni funds to cover management and administration and sUPlXIrt cost5. Plan$ for future periods The Centre will contlnue to provide seNices to Millom and the surrounding area5, including gymnastics and activitles durin8 school holidays. The Centre will conllnue to work in a safe and complianl manner. adherlng to all Heah and Safety company policies, The year ahead will see a new project to "future proof, Millom Recreation Centre. This will con515t of the in5tallalion of a climbing wall. an energy survev. establlshing a 5UStainable heating source and the resurfacing of the car pa, with disabled bays and EV charging points. The Centre will continue its successful Gymna51ic5 Club, a variety of adult exercise classes and provision for local sports clubs and sthools. Our school holiday activities will continue, with the help of HAF fvndin& to provide a free hot meal for those who would normally receive a free school meal. We will continue to work with the Millom Town Deal. in preparation for the new Heah and Wellbeing Centre, to work alongside our own well established Centre. Small company provisions Thls report has been prepared in accordance with the provision5 applicable to companie5 entitled to the small companies exemption. The tru5tees' annual report was approved on 11 June 2026 and Signed on behalf of ihe board of trustees by.. M Giles Trustee
Millom Recreation Centre Llmlted Company Limited by Guarantee Independent Examiner's Report to theTrustees of Mlllom Recreatlon Centre Llmlted Year ended 31 July 2025 I report to the trustees on my examination of the linancial Statements of Millom Recreation Centre Limited I'the charity'l for the year ended 31 July 2025. Respon$lbS1itles and bas15 of report As the trustees of the company land also its directors for the purposes of company lawl you are responsible for the preparation of the financial staternents in accordanee with the requirements of the Companies Att 2CQ61'ihe 2C()6 Act'l. Having satlsfied myself that the accounts of the company are not required to be audlted under Part 16 of the 2006 Act and are eligible for independent exarnination, I report in respe of my examination of the charivs accounts as carried out under section 145 of the Charrties Act 20111'the 2011 Act'l. In carrying out my exarnlnation I have followed the Dlrettions given by the Charity Commission under section 1451Sllbl of the 2011 Att. Independent examlner's ststement I have compleied my examination. I confimi that no matters have come to my attention in connection wlth the exarnination 8ivin8 me cause to believe.. accounting record5 were not kept in respect of the charity as reqUId by sectlon 386 of the 2006 Act; or the flnantial statements do not accord wf(h those COrdS,. or the financial statemenis do not Comp with the accounting requlrements of section 396 of the 2006 Acl 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 financial statement5 have not been prepad in accordance wf(h the method5 and principle5 of the Statement of Recommended Practice for accouniing and reporting bv tharrties applicable to charilies preparlng their accounts in accordance wi(h the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021.
Millom Recreation Centre Limlted Company Llmited by Guarantee Independent Examlner'5 Report to the Trustee5 of Mlllom Recreation Centre Limited Ic4inth¥edl Year ended 31 July 2025 I have no concerns and have come across no other matters in connection WFth the examination to whlch attention should be drawn in thi5 report in order to enable a proper under51anding of the )ccount5 to be reached. lan Scott BAlhonsl,FCA,DChA Saint & Co. Independent Examiner 12113 Church street Whitehaven Cumbria CA28 7AY
Millom Recreation Centre Limited Company Limited by Guarantee Statement of Flnancial Artivities {includln8 income and expenditure account) Year ended 31 July 2025 2025 Restricted funds Total fund5 2024 Unrestritted funds Total funds Note Income and endowments Donations and legacies Charitable activities Investment income 63 122,767 377 48,762 18.7921 48,826 113.975 377 57,080 131,834 242 Total income 123,207 39,970 163,178 189,156 ExpendSture Expenditure on charitable activities 154,373 46,402 200,776 186,799 Total expendlture 154,373 46,402 200,776 186,799 Net lexpenditurel/in¢ome and net movement In funds 131.1661 16.4321 137,5981 2,357 Reconclliation of fvnds Total funds biought forward Total funds carried fonvard 73,350 15,C 88,350 85,993 42,184 8,568 50,752 88,350 The statement of financial acllvlties includes all gains and losses recognised in the year. All Intome and expenditure derive from continuing activities. The notes on pages 9 to 18 form part of these financlal statements.
Millom Recreatlon Centre Limited Company Umlted by Guarantee Statement of Flnanclal Posltlon 31 July 2025 2025 2024 Note Flxed assets Tangible fixed a$5ets 14 23,753 29,648 Current assets Stocks Debtor5 Cash at bank and in hand 15 16 1,5Th) 4,096 30.927 1,5 1,537 63,604 36,523 66.641 Credltors: amounts falllng due wlthln one year Net current assets 17 9,524 7,939 26,999 58,702 Totsl assets lès$ current liabllltles 50,752 88,350 Net assets 50,752 88,3SO Funds of the charlty Restricted funds Unrestricted funds 8.568 42,184 15.000 73,350 Total charity funds 18 50,752 88,350 For the year ending 31 july 2025 the charity was entltled to exernption from audit under settion 477 of the Companies Act 2006 relating to small companie5. Dirertors, responsibilities.. The members have not required the company to obtain an audit of tts financial statements for the vear In question in accordance wlth seetion 476- The directors acknowlEdge their responsibilitie5 for complying with the requirements of the Act wtth respect to accounting records and the preparation of f inancial statements. These financial staternents have been prepared in accordance with the provisions applicable to companies subject to the small companies, regime. The statement of financial wsltlon continue5 on the following page. The note5 on pages 9 to 18 form part of these financlal statements.
Millom Recreatlon Centre Limited Company Llmlted by Guarantee Statement of Financlal Posltion icontthuedl 31 July 2025 These financial statements were approved by the board of trustees and authorised for issue on 11 lune 2026, and are slgned on behalf of the board by.. m G-,1£ M Gile5 Tru51ee The note5 on pages 9 to 18 form part ol these IFnancial statements.
Millom Recreatlon Centre Llmlted Company Llmlted by Guarantee Notes to the Flnanclal Staternents Year ended 31 July 2025 General Infomiatlon The charity is a public benefft entily and a private company limrted by guarantee, registered in EnBland and Wale5 and a reglstered charity in England and Wales. The addre55 of the registered office is LancaShI Road. Millom, Cumbria, LA18 4BX, England. Slatement of compliance These financlal staternents have been prepared in compliance with FRS 102, Yhe Financial Reporting Standard applicable in ihe UK and the Republic of Ireland, the Statement of Recommended Practice applicable to ChareS preparing their accounts in accordance with the Financial Reporting Standard applicable In the UK and Republic of Ireland IFRS 1021 (Charities SORP IFRS 10211 and the Companies Art 2006. Accountlng policles Basls of pweparatli The Charlty has taken advantage of the exemption in ihe Financial Reporting Siandard No I Irevised 19961 from the requirement to produce a cash flow statement on the grounds ihat it qualrfies as a 5rnall charity. Golng concem There are no material UnrtaIntleS about the charity's ability to continue. Dlsclosure exemwlons The charity has taken advantage of the disclosure exemptions permitted by the Charities SORP 2015 IFRS1021 regarding the inclusion of a Statement of Cash Flow5 as the Charity Is a small charity as deflned in Update Bulletln l of the Charities SORP IFRS1021.
Millom Recreation Centre Limited Company Llmlted by Guarantee Notes to the Financial Statements l¢ontlJwedl Year ended 31 July 2025 Accountin8 pg1i¢ie5 (mntl•uedJ Judgements and key sources of estlmatlon uncertalnty The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed ond are based on experience and other factor5, includin8 expectation5 of future events that are believed to be rea50nable under the circumstances. Slgnlll¢ant ludgements The trustees consider there were no signrflcant judgements in preparing the financial statements. Key sources of estlmation uncertalnty Accounting estimates and a55umptions are made concerning the future and. by their nature, will rarely equal the related actual outcome. The trustees consider there a no key sources of estlmation uncertainty. Fund accountln8 General funds are unrestriLted which are available for use at the discretion of the trustees in furtherance of the general objecte5 of the charity and whi¢h have not been designated for other purposes. Designated funds comprise unrestricted funds that have been set aside by the trustees for particular purposes. The aim and use of each designated fund is Set out in the notes to the financlal statements. Re5trirted funds are funds whlch are to be used in accordance wtth specific re5trittlons imposed by donors or which have been raised by the charity for particular purposes. The cost of raising and administering such fund5 are charged against the specific fund. The aim and use of each restrlcted fund is set out In the notes to the financial statements. Investment Income ènd gains are allocated to the appropriate fund. io
Mlllom Recreation Centre Llmited Company Llmited by Guarantee Notes to the Financlal 5tateMentSlrontln1) Year ended 31 July 2025 Accounting poli¢ie5 IrMtl•uel Incomlng resources All incoming resour$ are included in the statement of financial aLtivities when entitlement has passed to the charity,. it is probable that the economic benefrts associated with the transaction will flow to the charlty and the amount can be reliably measured. The following specific polities are applied to particular categorie5 of Income: income from donations or grants 15 recoEnised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliablv. legacy in¢ome is recognised when receipt 15 probable and entitlement is established. income from donated goods is measured at the fair value of the good5 unless this is irnpractical to measure reliably, in whKh case the value is derived from the cost to the donor or the estimated resale value. Donated facllitie5 and SeiCe$ are recognised in the account5 when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers. income from ttntrarts for the Supply of seryices is reco8ni5ed wr(h the delivery of the contrarted service. This is classified as unrestriLted funds unless there Is a contractual requirement for It to be spent on a particular purpose and returned if unspent, in which case il may be re8arded as restricted. Re50urce5 expended All expenditure 15 aCCOUnted for on an atcruals basis and has been classified under heading5 that aggresate all costs lated to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activitles on è basis consistent with use of the resource5. Costs in respect of Charable activtlies relate to the operating Costs of running the recreation centre. Mana8ement and adminlstration costs are those incurred in connection wlth admlnlstration of the charity and compliance with constitLrtional and statutory requirèments. Tanglble asset$ All fixed assets are initlally recorded at cost. Oepieclatlon Depreciation is calculated so as to write off the cost or valuation of an asset, less its residLTral value, overthe useful economlc life of that asset as follows.. Fixtures and fittings Eouipment 15% reducing balance 20% reducing balance li
Mlllom Recreatlon Centre Limited Company Umlted by Guarantee Notes to the FinancSal 5tatement5 Icortlnuedl Year ended 31 July 2025 Ac¢ountinB policifjs {wntlntsed} Impaimient of fixed assets A review for indicators of impairment is carried out at each reporting date, WTth the recoverable amount being estimated where such indicator5 exist. Where the carrying value exceeds the recoverable amoLFnt. the asset is impaired accordingty. Prior impairments are also reviewed for P055ible reversal at each reporting date. For the purposes of impairment te5tin81 when it is not possible to estimate the recoverable amount of an Indlvidual a55et. an estimate Is made of the recoverable amount of the cash-8enerating unit to which the asset belon85. The cash-generatin8 unit is the smallest identrfiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwlll, the goodwill acquired in a bu5ine55 combinat is, from the acquisition date, allocated to each of the cash-Eeneratin8 units that are experted to benefit from the Synergies of ihe combination, irrespective of whether other a55ets or liabllities of the charity are asslgned to those units. Stod(s Stocks are measured at the lower of c05t and estimated selling price less c05t5 to complete and sell. Cost includes all costs of purchase, costs of conversion and other Costs incurred in bringing the stock to ils present locatlon and condition. Fln8ncl¥l instruments A financial asset or a financial liability is cOgniSed only when the charity becomes a party to the contractual provisions of the instrument. Basic financial instrument5 are inltially COgnised at the amount receNable or payable includin8 any related transaction costs. cUrt assets and current liabilttles are subsequently measured at the cash or other conslderation expected to be paid or received and not discounted. Dèbt instruments are sub5equentty measured at amorti5ed c05t. Where investments in shares are publ1c traded or their fair value can othemise be measured ellably. the investment i5 subsequently measured ai fair value with changes in fair value recognised in income and expendtrture. All other such investments are subsequently measured at tost less impairment. 12
Mlllom Recreation Centre Limited Company Umlted by Guarantee Notes to the Financial Statements (cothJ) Year ended 31 July 2025 Accounting policies ImTrriftuedl Flnanclal InstrumentSi¢MthI other financial instruments, including derivative5, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest ihat Is not a market rate, in whlch case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrurnent. Other financial Instruments are subsequently measured at fair value. with any changes recogni5ed in the statement of financial activities, with the exception of hedging Instruments in a designated hed8ing relationshlp. Financlal asset5 thal are measured at cost or amortised cost are reviewed for objective evidence of impalrment at the end of each porting date. If there is objective evidence of impairment. an impaimient loss is recognised under the appropriate heading in the statement of financial activitie5 in which the initial gain wès recognlsed. For all equity Instruments regardless of stgnificance, and other financial assets that are individually $18nificant, these are assessed individually for Impairrnent. Other financial assets are either assessed intlividually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceed5 what the carrying amount would have been had the impairment not previously been Teco8nised. Umlted by guarantee Every member undertake5. if the company 15 dissolved while he or She is a member or within 12 rnonths after he or she ceases to be a member, to contribute such sum Inol exceeding £1) as may be Ileemed of him or her towards the payment of the debts and liabilltie5 of the company incurred before he or she ceases to be a member, and of the cost5, char8es and expen5e5 of winding up, and the adjustment of the rights and of the contrSbutories among themselves. Donation5 and legacles unstrICted Funds Restricted Tptal Fund5 Funds 2025 Donatlons General 8rint5 and donations Copeland borough couneil. seryice level agreement 63 33,762 15,000 33,826 15,LK 63 48,762 48.826 13
Mlllom Recreation Centre Llmited Company Llmlted by Guaranlee Notes to the Flnanclal Statements Iconiinu*dl Year ended 31 July 2025 Donations and le8acies lt&W¥tlJl Unrestricted Funds Restricted Total Funds Funds 2024 Donatlon5 General 8rants and donations Copeland borough council - service level agreement 81 41,999 15,000 42,080 15.000 81 56.999 57,080 Charltable artlvltles Unrestricted Funds Restrirted Total Funds Funds 2025 Hire of hall Gym hire Sun bed hire Refreshments Spinning Clothing Gymnastic fees Fitness classes Equipment hire and other sales 31,472 6,485 39 1,684 432 1,953 67,616 12,760 326 18,7921 22.680 6,485 39 1,684 432 1.953 67.616 12.760 326 122.767 18,7921 113.975 Unrestricted Funds Restricted Total Fund5 Funds 2024 Hire of hall Gym hire Sun bed hire Refreshments Spinnin Clothing Gymnastic fees Fitness cla55es Equlpment hire and other sales 35,237 4,422 15.6681 29,569 4,422 2.527 842 3,535 79,587 10.761 586 2,527 842 3,535 79,587 10.761 586 137,502 15,6681 131,834 14
Millom Recreatlon Centre Llmlted Company Llmited by Guarantee Notes to the Flnanclal Statements f¢Mtlnuedl Year ended 31 July 2025 Investment income Unreslricted Total Funds Unrestricted Total Funds Funds 2025 Funds 2024 Building society interest re1Vable 377 377 242 242 Expenditure on charltable actlvlties by lund type Unrestricted Fund5 Restricted Total Funds Funds 2025 Charitable artivrcles Support costs 150,316 4,057 46,402 196.719 4,057 154,373 46,402 200.776 Unrestritted Funds Restrirted Total Funds Funds 2024 Charitable artivities Support Costs 135,050 4,366 47.383 182,432 4,367 139,416 47.383 186,799 Expenditure on charitable activitie$ by activlty type Activitie5 undertaken dlrettly Support cost5 Totsl funds 2025 Total fund 2024 Charitable aclivities Governarn costs 196.719 196,719 4.057 182,432 4.367 4.057 196,719 4,057 200,776 186,799 10. Net {expenditurelllncome Net lexpenditurellincome is stated after char8in8Jlcreditingl: 2025 2024 DepCIatIOn of tangible fixed asset5 5.895 7,364 15
Millom Recreation Centre Llrnited Company Llmlted by Guarantee Notes to the Flnanclal Statements Icon¢lnu•dl Year ended 31 July 2025 11. Independent examination fees 2025 2024 Fees payable to the independent examiner for: Independent examination of the finoncial statements 3,234 4,346 12. Staff costs The total staff costs and employee benefits for the reporting period are analysed as follDWS'. 2025 2024 Wages and salaries 92,880 74,073 The average head count of employees during the year was 612024.. 61. The average number of full-time equNalent employees during the year is analysed a5 follows.. 2025 No. 2024 No. Number of administrative stafl Number of management Staff No employee received employee benefi1$ of more than £60,OC(J during the year12024- Nill. 13. Trustee iemuneratlon and expenses No remuneration or other beneftt5 from employment with the charity OT a related entity were received by èny trustee. 14. Tangible fixed assets Fixtures ènd fittings Equipment Total Cost At l August 2024 and 31 July 2025 8,406 109,043 117,449 Depreclatlon At l August 2024 Charge for the year 7,785 94 80,016 5,801 87,801 5,895 At 31 July 2025 7,879 85,817 93.696 Carryingamount At 31 July 2025 527 23,226 23.753 At 31 July 2024 621 29,027 29.648 16
Mlllom Recreation Centre Llmited Company Umlted by Guarantee Notes to the Flnancial Statements Icontlnvedl Year ended 31 July 2025 15. Stocks 2025 2024 Raw materials and consumables 1,51X) 1,500 16. Debtors 2025 2024 PPaYMentS and accrued income Other debtors 3,453 643 1,537 4,096 1,537 17. Credltois: amounts falling due wlthin one year 2025 2024 Accrtsals and deferred income Social security and other taxes 9.193 331 7,921 18 9.524 7.939 18. Analysis of charitable fvnds Unrestrlcted funds At l August 202 At Income Expenditure 31 July 2025 General funds 73,350 123,207 1154.3731 42,184 At l August 202 At Income Expenditure 31 luty 2024 General frjnds 74,941 137,825 1139,4161 73,350 17
Millom Recreation Centre Limited Company Llmlted by Guarantee Notes to the Flnanclal Statements l(ontinuELII Year ended 31 July 2025 18. Analysls of charitable funds l¢pnthu Restricted funds At I Au8USt 202 At Income Expenditure 31 Juty 2025 Restricted Fund- HAF Funding 15,000 39,970 146,4021 8.568 At l August 202 At Income Eypenditure 31 July 2024 Restricted Fund- HAF Funding 11,052 51,331 147,3831 15.C 19. Analysis of net 0$5ets belween funds Unrestricted Funds Restricted Total Fund5 Funds 2025 TanBible fixed assets Current a55els Creditors less than l year 23,753 27.955 19,5241 23.753 36,523 19,5241 8.568 Net assets 42,184 8,568 50,752 Unrestrirted Funds Restricted Total Funds Funds 2024 Tangible fixed assets Current assets Creditor5 le55 than I year 29,648 51,641 17,9391 29,648 66,641 17,9391 15,000 Net assets 73,350 15,000 88,350 18