Company registration number.. 2645285 ljwity rrysttation number. 1010742 Winchcombe Day Care Foundation (A company limited by gwante¢) rorth¢ Year Fded 31 M8trh 2023
Wln¢h¢ombe Day Care Foundation Contents Referenc¢ wnd Admini5¢rative DetaiLq Tru5t¢es' Rwrt 2to4 Sts¢em¢ni of Trnstees, Responsibilities A¢mvntints' Rep)rt Statement of Fln#n¢i41 A¢tlvltl¢8 Balance Sheet Notes to the Financial Sthtem¢ttts 9t0 16
WiDchcombe Day Care Foundation Reference and Administrative Details Trwtee¥ J G Onion5 M Allen {r¢sign¢d Isth Au8YSt 2022) A B Thoma5 M Shott R McDonau8h R H#rto¢k MEJPaish C Barnes (appoinied 23td Ay8Wt 2022) D Allen (appointed 23 August 2022) N Constantin¢ (ap[inted 23rt August %)22) Arity Rryi4trntloty Number 1010742 Complny Reglgtrxtion Nllmbtr 2645285 The charity is incOrTated in En8knd and Wales Reglstered Offfte Langley Close Wincheombe Gloucestershire GL54 5QN
Wlntbtombe Day Care Foundation Trust¢a' Report The tnte¢s, who we diT¢CtOTS for the purposes of u)mpany law, present the ann report together with the fittarteial sthtements of the cl)aritsbl¢ company for the year ended 31 Marth 2023. StrneturJ governanc¢ and mgii•gtTr¢iit The FOundl0,S and Public Benefit Th¢ Winchcombe Day Care FouNlion has continued mttt its original Put$¢ namely to provide relief for thos¢ that are %)ciaIly-isoltr or livin8 with & condilion gjth as Dementia or Parkin50n'5, thai have bttn refenrd either by the locaj medical or social servicex but mairtly by self-referrni. Numbers attendirt8 hthve varied. Their 8v¢rag¢ is 85 yew5 Jnd ¥$ is usual * number have either passed away or mved to nursing homes over the year. The Foundation (on the advi¢e of their solicirS) has am¢Dded th¢ M¢morgndum of AS5181l0n ¢0 sliBhtly widen the FA8in Objccts Clause th enthle more services to be offered if required. Working Pra1¢eS and Staffin The Centr¢ ¢Onf0m to the wvirements of the Health I1 Safety Act we are happy to Tew1 thai there were no reportable accidents durin8 the year. Working prtitts for the employees meet the statory r4ulrennts of the day. Employtts auend courxs to kw th¢m up ty d¢ with appropriate practices. There has been a slow rewv¢ry from the Covid Period and 81th)ugh members. numbers have remained below those prior ts Covid it is hop¢d they will increase in due cour5c. This has had an imw On the financial Th¢ C¢ntre L5 open to residents IA Withmb¢ and the surOU18 Ia5 meet the Stats for vknieh it was fowthd. Th¢ Manager of seven ye•rs left in July 2022 and has been repla¢¢d by ¢xp¢rienvd leader. th has rnany years of ¢xperienee in the ¢•re industry including aduli aw8t10 t¢athiDg atHI l¢ading ¥tiviti¢5. There have bttn some Changes in staff and new staff been 8iven the appropriate trdinin& On the Office Administrator reiirin& the opportunity h¥$ b¢¢n tsken to overhaul the office procedures. wiÉh the itttroduction of thter controEs coverin8 eomput¢r sysms. GDPK saf¢guardin8 and rffj ca5b. A n¢w sitIon has been prnviding for mental 8w8renw on¢ Tn¢£ hjs b¢¢n train¢d for this rol¢. Last year it was reported that a fomKr member of stsff had brought a TribuThal we a8ain5t the foundatTron. This is ntinuing with a potential hearing in Au8llSt 2023. The Foundation is defending th¢ case on 1¢8013dvi¢¢. As ai the 31 March 2023 the Found8tion ¢mployed five stsff Including the Manager. Th¢ Mana8emcnt Committee The Management Committ¢e (bein8 a sub cornmittee of the Truskes) eODtirtued to pmvide vtral support for the staff ond m¢mb¢rs I would particularly like to thank it'5 Cha]rn. Mr Geoff Onions for all his prnai¢al help on 3 wÉde ran8e of i55ue5. Our trca5urcr Mi¢h•el Pai5h h8s also provided excellent support for all financial issues 8tNI ha5 been instrurnental in Pro18 wlar I1¢C pfyrucui8rly with regard to InMe l¢vel& m¢mb¢rship chan8C5 and inyeskneni policy. Pw2
Winchcombe Day Care Foundation Trustees, Report Durin8 the year ihe Committe¢ r¢vi¢w¢d and am¢[ed ¢he Contrats of cmpioyrncnt havin8 tsken VIce from the Fourtdation's Soli¢ilors. Agreement has been reached to hand over th¢ Dan¢e wlth Parkinson's pllrt of the business to a m¢mber of staff who h)$ operhted it from inception. This will take effect from th¢ 1st July 2023. Objeetlves and a¢tlvltl¢i Objertf tind t71ms The C¢nty¢ Members h3v¢ ¢njoyed a rAn8e of aciiviii¢s within the Cenire $0 fwr as the staff hve been able to provide Iliem. These have included r¢gul¥r phy5ic81 thd mentally stimulatin8 Activities including arts and uafts, reading and discuSSLon 8roup$. There has been Ott¢ OUIIII8 for a Christmas Dinner. It is nokd that the lack of mobility of some members is a problem when arranging outside a¢tivitl¢s. Tronsport The Trustees Iiiving reviewed their policy during the last Ilnantiol y¢or. all tr8nsp)rt Is now provlded by ihe members ind their families Ind by outside agencie5 contracled by ihe m¢mb¢rs. A¢hlevements and perform4n¢¢ The C¢nlre has continued to offer it's services while r0V¢r1D8 from difficult times. The numbers of members attending ¢h day ha$ vArled but has been from ¢itht to Jlxthen ea¢h diy. It is noted IhJ¢ mor¢ members suffer from some sort of d¢m¢ntii. Subj¢¢t ¢0 tho% matters ihe Centre perforrned well and in¢¢nd5 to build on ¢h¢ curreni base durin8 the next year. The Centre 1$ enjoyin8 A good r¢putption wiihin Win¢hcombe and the surroundin8 area5. FlnAthelg1 revlew The net incoming resources for the year amount¢d ¢0 £92,608 (2022- £98,942). The year ended with a deficit of £87,325. this iThcluded a drease for th¢ v8lu¢ of investments Imoutttin8to £1 1.797. Th6 bart¢¢ of ndS at the ertd of the year WAS £538,633. (At 31 Mah 2022- £625,958). During the year th¢ TTU$t¢e$ hive been able to carry oui improvem¢n15 to th¢ pmperty it a ¢os¢ of £5.818. Tlie totsl Cost of WA&es and pension payinents was £101.244 (2022- £72,596). Page 3
Winchcombe Day Care Foundation Trustees, Report Pollcy raerva Res¢rves Poli¢y The COU1[ members have ¢ontinued iheir policy of maintaininB r¢serv¢s IKIt MmItted or invested in tangible assets of twice our aTrnuwl runnin8 cost& Inevitably risitt8 costs have pui some pressure upon this 11¢Y but lic donations. ¢haritsble #rtd fund raising hve helped to Alleviate this problem. Invesimrfpolley ttndobjedlva Inv¢stm¢nt Policy The Council mernber5 hav¢ nsIdered the th0 appropriate l1¢Y for investin8 the Foundation's fvnds and ha found that specialised Unit TnJ5ts. d¢si8n¢d for th¢ ¢hority g¢thr. rn¢et th¢ir wuirements iQ 8¢lltrlte both income And gyowth. Rijk review The Management Committee a risk review policy, which in summary is as follows: Working prnctiC m¢e¢ the statuiory requirements for the seekn w e enRaged in •nd there hav¢ been ryrt&ble Idents in the put year. The financial resources cnnot be used wiily)ui the express auihority of two Council m¢mb¢rJ. Invesiments are in the hnd5 of fully re¢o8nis¢d fin14] comp1¢% wrkIng in the charity sector. A¢¢oun¢in8 4rran8ements are in line with ¢urT¢ni 8tyJd vrkin8 prciices. STh•ll rompatslu provlslon st*t¢mThl Thi$ r¢p)rt has b¢M wepared in a¢[darKe with the s1 ¢omp•nieJ re8ime under Companie5 Act 2006. Pw4
Win¢h¢omb¢ Care Foundation Statement of Tnte¢s, Rapothsibilitl The tnLStees (wkn art also the dirt¢rors ofwinthcombe Day Care FoUnd50Th for the purpoxs ofcompany law) 8r¢ TespoDsÉble for prepring the trustees. the financial stsrements in Accordance wilh ihe United Kingdom Accountin8 Stndtrds (Unid KiTh8dom Gen¢rAlly Ac¢eOed Accowrting Practice) aod applicable IAW 8Dd resulations. Company law requirw th¢ tru5t¢es to prtptre fittknei sthtements for each fimncial year. Under c4)mpY law the trusiees must not approv¢ the fLnan¢ial stht¢ments unless they Ire satisfied that they give a true flir view of th¢ sta of affairs of the charithle company and of its Inming r¢sour¢ts atKI application of resourtes, in¢ludiD8 its ineorne expendilure. for peviod. In preparin8 these fthancial StAtemen the truslees are required . seleet suitable a¢couniinB &K>ll¢i •pply them con5iStentiy> ob5er¥¢ ihe methods and principles in the Chari¢i¢s SORP: mthe jjg¢m¢Ats And ¢S¢ileS that ue retsonable Pnett st•t¢ whdher applicable UK Accoting StsndArd5 h•v¢ be followed. subjK¢ to mat¢rial d¢p•rtur¢$ di5¢105ed Ind explained in the fin¢19] Stateme aThl prepare the fin#neial statements on going concern ba515 unlBss 1¢ 15 in•pwopr1e to pNum¢ ihlt Il ¢hAritabl¢ company will continue in business. The tn1¢¢5 are responsible for keepin8 Adequate Kcounting r¢cord$ that ¥r¢ suffi¢i¢nt 10 show 4nd ¢xpl•in the charithble wmpany's tron5actions and disclose with reasonable accurncy ai any time the finan¢ial position of th¢ Charitable ¢ompAny and enable them to ensurt the financial ststements comply with the Compani¢s A¢t 21)06. They are al30 r¢sponsibl¢ for &arding ihe ¥sets of the chwithbl¢ company ArLd hence for ¢akin8 sonable sieps for th¢ pr¢v¢n¢ion and detection of haud and other irre8ularilie& A B TIKm Tnle¢
Chartered Accountants, Report to tliL. TrusteLS on the PrcpAration of the Unaudited Statutory Accounts of Wij)clicoJnb¢ Day Cal'e Foundation for the Year F4nd¢d 31 March 2023 In order io assist you to fiilfil >'oiir duties under Ilie Cornp4illi¢S Act 2006. we Iiave prepaTcd for your approval Ihc a¢ioiiiits ol'wiiiclicoinbc Da), Care I--outidaliuii foi. tlic ye4lr ciidcd 31 MarLh 2023 (15 sel out oli pages 7 to 16 As R pracli5iiig In¢iiib¢r firni of Ilie Iiisiiiuie ofciiarlered AcLOUTiiaiits in Lii&ilaiid and Ivales IIC.4EWI. we are subject to 115 Ctliical und oiher proflssionitl r¥'4iiir¥rnents ivhich arL dLiiailed dr hiip'.Ilwivw.icoew.conVenliiiLiiib¢Tslre&>u11¢ iions-siandards-aiid-u)IiidgL II¢C Tlii8 rcport IS Illiide solely lo Ilic Board of Direcloi'5 of WiiiLhLI)iiibc Day c.are FoundaliL)ii, as a body, iii acLordaiice i¥iili Ili¥ i¢riiis of our eiig, &)eineiit lellL'r. Our wurk li%lS beeii UTidcrlakeii solcly lo prepare for yoiir approval tlic accouiils of Wiiicli¢Jiiib¥ Day Car¢ Fouiidalioii aiid siaie 11105e IILrs Ilial ive liave agreed 10 siale lo Ilie tjoard of Dir¢¢iors of IVin¥h¢ombe D¢iy Car¢ Foiind421ioii, as a body, in Ihi5 report iii accordan¢¢ iyiih ICALIV T¢chni¢Jl Release 07116 AAI.. .1 o ilic liillcsl c¥lLiil perinillcd by luw. Ivv do not nccepl or RSSilmL re51)onsibilily lu iinyone oilicr il)¢in Wiii¢h¢oiiibL D2L y C?Lrc l.-oiin(ILIIioii L?iid ils BolI.d of Dircclors as a bod), for oiir work or for iliis r¥pon. wini1iionib¢ D42y C re l--oiiii(117lion. Yoii consider iliai Wiiiclicoiiibc Day CiirL fouiidnlioii is cxernpl fr(>rn Ili iiifoi'iiilllioii niid Ckplnnaiioiis you Iiave giv¢ii 10 us aiid WL do iioi, ili¢r¢for¢. ¢xpr¢ss uny opiiiion oil Ili¢ Arubus Chartered Accouiitai)Is Dale.. Pagc 6
Win¢h¢omb¢ Day Care Foundatlon Statement of Financial A¢tivities for the Year Ended 31 Mar¢h 2023 n¢ludiDg Income and Expenditure Account and Statement of Total R¢eognl8ed Galns and Losses) TotAI 2023 TotAI 2022 Unrestrieted Re5trl¢ted Note Inrne #nd Endowments from: Donations and le8acie5 Charitable activities Investment incom¢ 5,539 69,714 10.000 15.539 69.714 14,425 77,527 Total income Expendliurt on: Chari18bl¢ activiil¢$ 168 136 168 136 155471 Tothl expendi¢ure Gain5110Js¢s on investment &sse¢s (168,136) (168.136) (155,471) N¢1 (expenditureyinwrne Transfers between funds (97,325) 6.804 10,000 <6.8041 (87,325) (13,123) Other recoir41sed gAlni 4Dd INgeg other 8ainslloss¢s Net movetheni in funds 15 (90.521> 3,196 (87,3251 (13.108) Reconclllatlon of fundi Tolal fvndj brou8hi forwftrd Tothl fvnd$ carried fonvard 619297 625 958 639 066 13 528 776 538 633 All of the ¢hority'S ictivities derive from continuin8 operation$ dyrirt8 the above two periods. Th¢ fvnds breakdown for 2022 li $hown ift note 13. The TleS on pages 9 kn 16 fonn an int¢Bral part of these financial statements. Pag¢ 7
Wineheombe Day Care Foundation (Registration number: 2645285) Balance Sheet at 31 March 2023 2023 21J22 Not¢ Flxed issets Tangible s$5¢ts Investments 166.973 360 557 527 530 171.579 430 000 601 $79 Currtht 8tséts Lkbtors Cash at bank and in hlnd 10 4,614 2.242 21,605 31,303 Credlton: Amounts fAlllng due wlthln one y•ar Net euTr4nt 5¢19 12 N¢¢ 88sets 538 633 625 958 Furtdi of the tharlty: Rejtrlctod Income Resiricted funds 9.857 6,661 Unru¢rl¢¢ed In¢om¢ fvnd? Unresrricted fvnds 528 776 619297 Totsl tknnds 13 538 633 625 958 Fot the fittincial year ending 31 MHTch 2023 the ¢harity ¢nli¢l¢d to ¢xernption from audii ui)der gection 477 of Iht Companies Act 2006 relating tts $mAII ¢ompani¢$, Directors. resportsibilities: The members have not r¢qulred ihe eharity to obtaln an audit of its accounts for the year in question in Accordance with section 476,. ond The director5 a¢knowled8¢ ¢h¢ir re$pon$lblliti¢8 for eomplyin8 with the requirements of the A¢t with r¢5PeCt to accounting r¢cord5 and th¢ pr¢pAr4tion of iccountg. finan¢i&l statements on pw8 7 to 16 were approved by the trustees. and authorised for is5u¢ on .¥.è..l... and 5ign¢d on ¢h¢ir beholf by: A B Thomas Trustee The notes on pa8e5 9 to 16 forni an integrtl part of thtse financial statements. Page 8
Wln¢heombe Day Care Foundtlo Notes to the Fin#neial Ststements for Ihe Year Ended 31 March 2023 The charity is limited by guarantee. iwTrted in England Wales. and consequeMly does t( have slwe e4yitsI. Elch of ihe tnJst¢¢s is liable to ntribth an ryunt Th)t exceedin8 £1 towards the assets of thE ehtirity in the event of liquidation. The address of its re8LStered office is: L4ngley Clos¢ Winth¢ombe Gloucestershire GL54 5QN 2 Aec0ufy¢1 poli¢ieA Summary of signif21 xtc•untitii poM¢ks Ad key •cc•tynting estimates Th¢ prin¢ipal accounting policies applied in lh¢ pr¢paration of these finaneiai statements are sd out below. These poli¢i¢5 hav¢ been consistently applied to 1 th¢ ye8rs pr¢5ente4 unle55 Qthenvi% 5tatcd. Statement of tompli•n¢e Tr riDanciai ststements have been prepwd in a¢cordance with Accounting and Reporting by Charilies.. SeMent of Rewmmended Practice (applicabk to dwities preEJarin8 their accOW in accord8rtce with the Financial Reix)rting staJard applicable in the UK atyj Republic of Ir¢]and (FRS 102)) (issued in October 20191 - (Charitie5 SORP (FRS 102}). th¢ Financial Reptirting Sthnd applicable in th¢ UK ond R¢pyblic of Ir¢land (FRS 102) and the Companies Act 21)06. Basis of prepr8tioD WITrchMb¢ Day Car¢ Foundation meets the definilioD of • public benefrt entity un&r FRS 102. Assets and liabilities ar¢ initially re¢o8nised at hiAorical wst or trans value unEess othervAs¢ Sed in the relevant accounting policy les. Going concern The In1¢¢$ ider that there are no mawial un¢¢nainties ak)ut the ctwritys abiliry to coniinue as a goin8 concern nor any 5i8nificant areas of uncenainty that affect the caThyins value of ass¢ts held by th¢ ¢harity. ExemptioD from prepaTiThg i eash now Ststent The charity opted to early a&*pt BuIleiirt I published on 2 F¢bnwry 2016 have therefort Mt included a ¢Hsh Ilow sthtemeni in these fumnciai statements. lu¢ome and elldownhehts All income is reco8Thiscd once charity has entitlernent to the ineome, it is pmbAble that th¢ incom¢ wiu re¢eived and the amouni of th¢ income receivable can be measured reliably.
Wineheombe Day Care Foundatlon Notes to the Financial Statements for the Year Ended 31 M2reh 2023 Donailons andl¢goeles Don8tion$ Bre reco8nL5ed when the chwity has been notified in WTitin8 of both the Amounl and s¢ttl¢m¢nt date. In th¢ ¢vent that a donation is subject io condition5 thRt require a level of perfornunce by the charity befor¢ the ¢hArity is ¢ntitled to the fijnds. th¢ income 15 deferred and not recosDised until either those eonditions are fjjlly mel, or the ftsifilment of those conditions is wholly within the ntrol of th¢ ch4rity ¥nd li 1$ probable that these condition5 will be fulfilled in the reporting period. Gronts reCeIbIt OTan15 Are reco8nised when the charity ha5 an enlitlement to lh¢ funds thnd any conditiorts linked th the grants have be¢n m¢l. Where perforni&nce condiiions gr¢ ¥ttached ¢0 ihe yant and Dre yel to be mei, the ittcome 1$ T¢15¢d as • liability and in¢lud¢d on the ballnce sheet Hs defetted income to be released. Glft ald Incoming resources from tax rKl4ims are imluded in the Statement of Fin#n¢lal A¢tivi¢i¢$ it ¢h¢ $8m¢ tim¢ ¢$ the gift to which they r¢lat¢. Expendlture All expenditure is recognised once Ih¢r¢ is o le8al or constructive obligation W) that expenditure, 1¢ 1$ probable s¢ttl¢m¢nt is r¢quired And tlie amoun¢ be mettsured réliably. All costs &re Allocated to the applicabl¢ expendi¢ur¢ heAdin8 that 8ggreBate slmilar costs to ¢h?¢ ¢pte80ry. Where costs cannot be directly attributed lo particular heading5 they hive been allocated on o basi5 ¢on515tent wilh th¢ 113¢ of r¢3our¢es, Wlth centr&l staff costs alloc4t¢d on the b8515 of time $pent, and depreciation ¢harg¢5 allo¢p¢¢d on th¢ portlon of the 8,$ us¢. Other support ¢osts Are alloc&ied based on ilie SPTead of staff c051S. Chttplitlble ac11lIeS Charitabl¢ expenditure MpliseS thos¢ ¢0$ In¢utt¢d by the charily in the d¢liv¢ry of its adivities and 5¢rvi¢¢$ for its ben¢fieiiries. It incliides both Costs thai can be allo¢ated directly to such activities ind ihos¢ costs of an indirecl i1•tur¢ n¢c¢ssary to support them. CovernAnce These include the costs thributable to the chArity's complian¢¢ wlth wn5titutional and $tswtory requir¢menls. includin8 audit, 5trnk8i¢ manp8¢mertt and trute5'S m¢etiny ind r¢lmbursed expettses. TxAtlon The charity is considered to pass the tests set out in Paragraph I Sehedule 6 of the Flnance Act 2010 and therefore it meets the definition of a eharitable comp&xy for UK ¢orporntion tax purposes. Ae¢ordin8ly, the charity 1$ potentially exempt from taxhtion in r¢spec¢ of irteome or capiial gains received within categories covered by Ch4pl¢T 3 Part I l of the Corporation Tax Act 2010 or S¢rtion 256 gf the Taxation of Chargeable Gains Act 1992, to the exieni ihat such incom¢ or gains are 4pplied exclusively to eharitable purposes. T8nglble fixtd #ssets Individual fixed assets $tIn6 £50.00 or more are initially fecorded at 51. Depre¢lg¢loD BDd Amortistiort Depre¢ia¢ion 15 provided ort ttngible fixed 85ts so as to writ¢ off w5t or valuDtion, less atty estimated Tesiduoj valu¢. overtheir expected useful ¢conomie life #A follows: Pa8e 10
Winchcombe Day Care Foundation Notes to the Fin#kn¢ial Statements for the Year Ended 31 Marcb 2023 Assd class Long Lxasehold prop¢Tty Fixtures & fittin8S Moior vehicl Dtprtel#tlott method and r# 5% Strai8ht line 25% rducing balanc¢ reducin8 balan Flxed Met Inveltmellts Fixed a55¢t inv¢stment¥ other thatt pro8rnnthie rela investment4 Ire ineluded market luC at the lanCe $he¢t dale. R¢Alised Bains and 10J5e5 on investments are calculated as the differenee between tsles proceeds and their market volu¢ 8t th¢ start of the year. or their wbscquent C05L and afE ehtr8ed or ¢fEdited to th¢ Statement of Financial Activities in the ptriod of disp)$. Unre&lised 8oins And losses reprexnt the movem¢nt in m4tht ¥¢5 during the year ¢r¢dited or hs¢d ts th¢ St•leD of Financial Activities b&%d on the muk¢t value qt the yeara. Clsh •od e4ulvlethts Cosh and ¢ash ¢qyiv81ents comprise euh on hd and ¢411 deFk)sits. and other short-iern? hiBhly liquid investm¢nts tha¢ are r¢adiSy ¢onvertiblt * • mourtt of e•sh ve subjeei to an Insilfielrtt risk of chan8¢ in valu¢. strn¢ture Uhrestried incom¢ fvnds ore 8¢Krnl funds that ar¢ I11•ble for u5¢ •t th¢ trvsk¢s dIr¢I10n in further•D of the Obje1¥¢5 of the charity. Restrickd income funds are I15¢ donod for us¢ in • p4rti¢U1 ¥e4 or ftir spe¢ifK pyw. th¢ use of whi¢h is restrI¢d to that area or p¥Jrpose. Fth•ty¢ll Instrnmtllts ClassiJlcalloM Financial assets and financial liabilitiw reco1$¢d when the ¢harity bKome5 o party to the COntraul1 provi$ions of the instrument. FiDanciil liabilities and equity instrumenu cl¥sified accordin8 to the spjbstance of the contractual aTran8¢men¢5 entered into. Art equity instrument is e4)ntrd that eviden8 a re11thl interesi in the sets of the charity after dedwling 1 of its liabiliti¢J. P88ell
Win¢h¢omb¢ Cr¢ Found¥tlon Notes to the Financial Statements for the Year Ended 31 March 2023 Reeoznlrfon qudMKasuremefti All financial assets and liabililies are inttially measured at tra[delIon price (including trnThti0n costs), except for those financial assets classified a5 at fair valuc thrDugh profit or loss, wthi¢h iniiially measured at fair value (which is nornMlly the trwsaction priee excluding tiansaction costs), unless the arrangement constitut¢s a financin8 Iyans. If an arran8¢m¢n¢ wllute5 a financin8 transaaion. the finmcial asset or financial liability i$ rneasured it the present valu¢ of the firture payments di5countrd at * markei raie of ittteresi for a similar debt Èn$trument. Fina181 8s3¢ts and liabilities are only offsei in the #a¢em¢nt of finkncial position attd Only when there ¢xi4S A le8ally enro¢1¢ ri8ht to set off the reco8nised •mounts and the charity intends ¢ithH to 5¢tt1¢ on a n¢t buis, or io realise the asset and settk th¢ lilbility sirnuhaneously. F1Ml&l usels are d¢[¢niSed whffj and only a) tkn c4Mtractual rights the flo from the riDancial uset expir¢ or •r¢ 5¢tt1ed. b) the elwity trnnsfets to mother party subslantially Ill of ¢h¢ risk5 and rewards of own¢r5hip of th¢ fimneial w or c) the ¢h•Tity. despite havin8 taIned wm¢, but T¢ all. 518nificint risks &nd r¢w8rd5 of ot[Ship. h¥ trretted ¢ontrol of the assel to Other party. Finan¢1 liabiliiies we der¢coKnixd only when ihe ob1iytiL spe¢ifKd in the wntrx¢ is dih•r8ed. ¢pn¢¢ll¢d or ¢xpires. Inveslments Investments in noTr4onvenible preference sharts and nOnble ordinary or preftrence shares (Whe share5 r¢ publicly traded or their fair y¢ is r¢liably rneasurnble) are rneasufed at flir value through profit or lou. Where fair value ¢•nnot be meAsured reliably. inve5tm¢nts tre measwed ¢ost less impairment. Investments in subsidiries w0cla •re wSU1¢ * ¢ost l¢ss imp•irnient. For invemments in subsidiaries wuired for wnsiderntion irteludin8 the issue of sharc5 qualifyin8 for rner8er relief. Cosi is measured by r¢feren¢e the nomin vu of the sharu issued plus fair 1¢ of oth¢r consid¢rntion. Any premiurn iwred. DerlvailveJ7nuRdql Inslrnments The charity ug¢s d¢rivaiive fina181 Instru * r¢du¢¢ ¢xposuff kn forei8n exch8¢ risk •TrJ interest rnt¢ movements. The Charity thjes tr#)Id LY issue deci1¥¢ finm¢1 Instruwnts for speeulative Pur. D¢rivaiives are initially r¢w8nised at fair value the date • denlive is ¢ntered into and a subsequenily remeasured to their fair value at each rep)rting date. Th¢ TesultinB iatn or lou is reeo8nised i Jlat¢m¢nt or r]rwl*L Kiivities irnmedi8tely unless the deliv1¥¢ is d¢signNied ¢ff¢ctive 85 * hedging instrumeni, in which ev¢nt the ¢iminB of the recolI10n in slalemen¢ of fin•n¢ial •¢tiYiti¢s depd$ on the ture of the h¢d8¢ r¢lationJhip. Falr Valuempe¢Nf The best evidence of fair value is A qed price for an identiul •ss¢¢ in ¥tive When quoted prices ore unavailable. th¢ price of a recent transacuon for an identical wet provides evidence of fair value AS long there has It b¢en a si&nifKant ¢han#e itt economic ¢ir¢umstsntt5 or ¥ 5i8nificant lapse of ume since the trknsa¢tion took pl¢. If the market is not a1¥¢ and rec1 tran58CtIo of identical assei on their own are not a good ¢stÈm•le of fair value. the fair value is es¢Énthd by u5in8 * v•luation technique. P•8¢ 12
Winebcombe Day Care Foulldation Notes to the Flnanclal Statements for the Year Ended 31 March 2023 3 Ineome from dontlon$ And l¢g4des Unrtstrlcted fnd Gen•rgl R¢s¢rl¢¢¢d Tot81 ruDds Donations and legacies: Donations to mjjor opp¢al$ Other income from donations and l¢8arl¢s 4,370 4.370 TotAI for 2023 Total for 2022 4 Net STrcomlDyJgu¢Boln8 regourees Net outgolng r¢8tsurees for the year include: 202J 2022 Depr¢¢iAtion of fixed assets 3 Trwtw r¢muth¢Mtlon expeni No trustees, nor any PernS connected with them. have Te1v remun¢r8tion from th¢ ¢h4ri¢y durin8 the ytsr. 6 Staff ¢Mts The a88re8al¢ puyroll ¢o$ts w¢r¢ u follows: 2023 2022 St*(f tosts durlni the yeAr re. Wa8e$ and s&laries Other staff costs 101244 72,596 103071 The monthly average number of p¢rsott$ (includin8 senior mana8emeni I leadership team) employed by ihe ehamty durin8 the year expressed 85 fv11 time ¢quivalents w•$ follows: 2023 No 2022 Day Care C¢nt No employee rxeiv¢d ¢molumertts of more th&n £60.000 duriTh8 the year. Pag¢ 13
Win¢h¢ombe Day Car¢ Foundation Notes to the Financial Statements for the Year Ended 31 Mar¢h 2023 7 T#tIon The charity is & re8islered charity and is iher¢for¢ ¢x¢mpt from taxation. 8 T•ngibl¢ nx¢d i##ehold property Flxtures Afld fi¢tln Total Colt A¢ l April 2022 Addiiions 283,219 89.253 372,472 77 Ai 31 Mareh 2023 283 219 376 849 Depre¢latlon At l April 2022 Ch&r8¢ for tli¢ year 120,536 80,357 200,893 At 31 M4r¢h 2023 126 201 209 876 Net book v•lu At 31 Mah 2023 157,018 166,973 At 31 Mar¢h 2022 162683 171579 Included within the net book value of IAnd and buildin85 abov¢ is £Nil (2022 . £NIII in respect of fre¢hold land Ind biiildings and £157.018 (2022- £162.682) in respect of leaseholds. 9 Flx¢d a51et Inv¢itments 2023 2022 Other inves¢m¢nl$ 360 557 PA8e 14
Win¢h¢ombe Day Care Foundation Notes to the Financial Statements for the Year EDded 31 March 2023 Other Inveslmtnts Llsted invejtments Unlisted Investments Total Cost OT Vgluxtlo At l April 2022 Revaluation Additions DisposAIs 410.752 (11,797) 13.248 43Q.000 (11,797} 2.354 2.354 60.000 At 31 Mah 2023 344,955 15,602 360 557 book value At 31 March 2023 344,955 15.602 360 557 At 31 Marth 2022 416752 13 430,000 10 Debtors 2023 2022 Other debr5 4.614 11 Cash aDd ¢gJb equivaltnts 2023 2022 Cash on hand Cash bank 51 16,940 16,991 247 28.814 29.061 12 Credltors: amounts f8lling due within one year 2023 2022 Other t&xfition and social security Accruals 3,480 7.022 10,502 3,029 6,924 Pa8¢ 15
Wlnchcombe Day Care Foundation Notes to the Fingn¢fial Ststrm¢nts for Ihe Year End¢d 31 Mareh 2023 13 Funds B*knllce It I Ixeomitig Remurces BA¢¢ 4t 31 April 21122 resotsree8 exwded Trlasfm March 21)23 UnrestrSeted fwids General 619297 81608 (179.933} 6.804 528.776 Restrict fvnds Total funds 625.958 179.933 538 633 Py16
Win¢h¢ombe Day Care Foundatlon Detailed Statement of Financial Activities for the Year Ended 31 March 2023 Total 2023 Total 2022 Intome and Endowrnents from: Dortations and leBa¢i¢s (at)alys¢d below) Charitable activities (analysed below) Invesiment income (AThalysed below) 15.539 69.714 14.425 77.527 Total income Exp¢ndlture on: ChritAble activities (analysed below} 168 136 155471 Total expendiwre Gains11055¢5 0tL inv¢stm¢nt osseis (analysed below) {168.1361 (155.4711 Net expenditure Other rocogDtsed 8•lM l•Mes Other B&insllosse5 (on4lys¢d below) 187.325) (13,1231 15 N¢¢ mov¢m¢ni 5Th fund$ (87.325) (13.108) Recon¢lllRtlon of Tthal funds brou8hi forward 625 958 639 066 Total fvnds carried forward 538 633 625 958 Thi5 p¥Be does not form part of the statutory fiMrt¢ial statemertts. Pa8e 17
Winehcombe Day Car¢ Foundailon Detailed Statement of Financial Activities for the Year Ended 31 March 2023 Totsl 21)22 2023 Doll110n5 andlezqcies IX>nations and Collections Dancing ftsr Porkinsons Grants Unr¢stri¢ted grant inwm¢ Other inwm¢ 4,370 10,000 1911 1.488 10.000 26 15,539 Chrtrftable actlvliles Membership payments Income raised from Beswial ¢v¢nts Dan¢inB for Parkin50ns Incolne 66,854 68,493 4.016 69.714 Ineonit Incom¢ from list¢d investrnenis ChonTloble acllvllles Wages and salaries Stiff pensions Staff ir8inin8 Rates & water Li8hi, heal and power Insuranc¢ RepY4irs and m&iiitenance Costs r¢l4ting to COVID pandemÉc Telephotie Computer softwar¢ and maintenance costs Printing. poslag¢ and $t4tionery Hire of plant and machin¢ry {Op¢rnting l¢Js¢sl Sundry expen5¢S Cleanin8 Motor expenses Enterfainment & food costs Advertising Besocial event costs Dan¢in8 for Parkinson$ costs Other activity costs Consultancy fees Awountancy fee$ (99.630) (1.614) (1.827) (464) (3.922) {1.7471 {5.818) (71.433} (1.163} {4.400} (546) <3.228) {1,637) {2,400) (926) {1.304) (337) (405) 11,930) 13.154) (1,031) (8.892) (897) (188) {22.114) (199) (815) (3.213) {1.043) (374) (1.548) {4.927) (9,471) (l.989) (220> (9,035) 164) (1.5901 (1.2961 (1.200) Thi5 pJg¢ does not forni part of the statlrtory rmanc1 stst¢ments. Page 18
Win¢hcombe DAY Care Foundation Detailed Statement of Finaneial Aetfvltles for the Year Ended 31 March 2023 Tot•1 2023 Total 2022 L<8al #nd professional fees Bank ¢hir8es D¢preei&tion {7.913) (631) (2,893) (853) 168 136 155 471 Ga¥10CS on invesimenl assets Revaluation of iThv¢51ments 43.406 Other g4lnsno8iei (Profit)lloss on di5posiI of tan8ible fixed assets 15 This pasc does rtoi fom part of the stalutory financiAI statements. Page 19