Company Registration Number 03487584 Charlty Numbar 1068857 The Meadows Day Centre Ltd IA Cornpany Limited by Guarantee) Unaudlted Flnanclal Statements for th8 year endod 31 March 2023
Tho Meadows Day Centre Ltd Financial Statements For the year ended 31 March 2023 INDEX Legal and Adminlstratlve Infomiallon Trustse8' Annual Report lThlependenl Examinerfs R9POrt Slatement of Flnanclal Acllvltleg Balance Sheet Nol85 to the Financial Statements 8.17
The Maadows Day Centre Ltd Legal and Adminlstrative Informatlon For the year gnded 31 March 2023 Th• mèmb•rs of th• ¢ommitt8e Mr Polri¢k Skells Mf Barry Ellioll Mfs Lynn Franklin Mr Anthony Cronin Mrs Chery Jeffery Mr Timothy Barzyckt Company secretary Mr Patrick Skells nd principal offlce 1 The Meadow8 Park Road Spalding Lincs PE11 1XR manager Ihemeadowsspalding co.uk Web¥Et• www.themo8d¢)w8spalding.co.uk Indepondont Examlngr Kenneth Maggs Chartered Accountsnt 16 Hoekman Way Sp81ding PE11 3HE Bank•r• Nèlion81 Westminster Bank Pk. 28 Market Place Spalding Lincs PE111ST Thg Charily Bank Llmilèd Fosse House 182 High Street Tonbridge Kent TN9 IBE Solicitors Chattertons Dembleby House Broad Street Spalding Lines. PE11 1ES
The Meadows Day Centrè Ltd Trustees. Annual Report Forthe year ended 31 March 2023 The trustees. who are also dirèctors for the purposes of the Companies Act, PTe5enl their report and the financial statements of the charity for the yeaT ended 31 March 2023. L•gal Slatu$ The Mead¢)ws Day Centre Ltd Is a company limited by guarantee. whi¢h was incoiporatgd on 31 December 1997 and is regiSteRcl in England and Wales as a charty IGhanty number 1068857, company numter 34875841. ObJ•ctlv¢s The prinapal purp)ye of th8 company Is lo continu• to promote the relief of the eldedy in any mannor, whlch now or her8after fflay be deemèd by law lo be ¢haritable, In and around Spalding. This slalement is Incorporalod in the companvs Memorandum and ArtScles of Association, and •np$Ulatad in our mi$$ion 8tat8ment. 'enrfchlng lift for the elderlf. The companys prfncipal activity 1$ th8 provislon of a day Gare seThlce for the elderly medium dependency needs. in Spalding, Pinchbeck and surrounding villages. This service was fonnerly provided by Spalding District Day Care Age Concern ISDDCACI, an unSncorporated group formed in 1982 and managed by a Steering committee. With effect from the 6 April 1998. the company subsumed all th? assets, Ikwbililie5 and aolivilies of SDDCAC. The Mgadows Day Centra Ltd Is an Indapandenl company but rem8Sn8 in contact wlh Similar charlties. The trustees are reswn5ible for the overall management and control of the company. strongly aided arKI supported by the managemonl team, consisung of Miss M Wenham gnd Mrs C Stimson. The day to day management of the service 18 the management team's key responsibllity which is delivered through the V81ued support of seven ulhgr stsff members, volunteers and olhgr supporters from within the community. Utlll$atlon of Inv•$tmont fund8 Gen¢r81 and reslrtctèd fund¥ surplus lo Immedlale ne6d8 were prevtousfy held on Instant Aeca$s Deposll Account8 wlth Barclays Bank and NatSonal We$lmlnstef 8ank and the Chadty Bank. Durlng 2011112 more fund$ vMr• moved on to fixed rale deposit5. With a tem18nglh of 1 year In order to maximis8 tho Interest that can be received. This pol¢cy arnended lo a 40 dÈy nobc8 account from 2022123 In order lo access funds qulcker if requirod The board ha6 agreed that all Intere81 fecelved Is lo b8 applied lo the general fvnds. Int•resl eamed on ro$tricted funds ¥1( rgm8Sn In that category only vthere th• dcnor or grantor has specifically Inslructed that interest earned18 applled lo the P$tal sum. No In$lruction8 have be•n r•celved lo this effocl. R•vl•w of actlvltles Maisie Wenham and Carol Slimson have continued In post as Joint managers. Melanie E#rth left December 2022 to be replaced by the retuming Kathryn Roberts, as Kltchèn a8513tsnt. There have been no other staff changes. The Day Centre continu•$ to slfuggle to Ind replacement volunteers to help provtde care for elienls and lo Jct as drivor5 and escorts on tha minlbusos In order to keep both buses running11 has been nKess8ry10 ?mploy drivers on a pprt Ilme bas[¥ The number Of clients attending the Day Centre has gradually Increased during Ihe year following its reopening after the Covid epidemic resulting in a significant increase in income. Total exponditure has slightjy exceeded Incomg but the loss for the year has been redUd significanuy from £50,976 in 2022 10 £11.150. Increas95 in charges were agreed at the beginning of 2023 wilh e view lo eliminating losses in fvlure years. Thg Furniture Recycling store has ¢ontinued lo operate 81 Flaxmill Lane, Pinchbeck and been managed by Rithard Walmsleywth tho help of one part Ilme employee and volunteers. The store has Produced profit of £7,403 which has been used lo Supplement the Day Centre activities. The Day Ggntre has benefrted from a signiffcant increase in donabons during the ar and has been supported In particular by Spalth"n9 Golf Club, donabng ,500 and The Welland TIL¢St. froffl whom we received a totsl of £12,QQO during the 2022123 accwnts.
The Meadows Day Centre Ltd Trustees. Annual Report (continued) For the year ended 31 March 2023 Review of a¢tlvltie$ (contlnuedl A number of bingo nights have been held durSng th8 year raising approxlm81ely £2,500 88 well as being an enjoyable activity for the members and community alike and an aftern¢x)n tea party for all volunteers with entertainment was held during the summer The Trustees thanked all volunteers for gwing up their lime to help support the Day Centre and gave them a small gift in appreciation of their conlribulions. The South Lin Lottery, which only started Dec 22 bLrt still raised £264 in the year, now raises an important £70 a month, 8pproximalely The Day Cenlfe continues lo provlde an Informatlon and Advlce seNlce whlch Is a fre8 servlce lo all local elderly residents The aims of the servKes are to provide claimanls with assistance to highlight benefits that are ststutorily available to them. The service also provides l¢xal infomallon to rts clients. The demo9raphi¢ of the c1i8nts coming to us has changed significantly in recent years. with many already having mobllilylheallh issues when they arriv& and we are also Seeing more clients with early onset Dementla. Th[$ is itself 18 leading lo mu¢h greater turnover ol ¢lienl$ as health deteriorates and some can no longer attend as their condition deteriorates and many move into permanent Residential care We are adapting bul ensuring we provide good care remains paramount and learning about the new clients 1$ necessary tor their proper care These greater tluctuallons are a nsk that the trustees face and are making tsvery 8ttempl lo minimise. In considering their obiectiv?s and plannlng Ihelr actllieS the Trustees have glven careful consideration to the Ch8ri1y Commission's gener81 guidance on public beneflt. Future plan5 and rlsk The Day Centre has been advertising In orLler to build on the number of clients and improve on our OCCUP8ncy rates. The increasing c0515 5Lrffered by all arg bging suffered by The Meadows Day Centr• also and inGreasing ¢IA¢S a¢lually decreases Ihg cost ol each client. Tha effect ol the Incre•$ing energy pric&s ha5 b88n minlmSsed due lo our fix$d price gas and electric contract which does not 8xpire for a further 18 months. This risk has already been addressed ¥wlh a new 'collects've charitf fixed deal with SSE for a further fvlenty four months. This has enabled the management team lo prepare coslings covering 2024-25 and 2025-26 as well as determine the level al %thich service fees must be sel. These prices also lake account of the reserves policy referred lo later and the need lo ropl•ni$h Ih•m after tho Covid.19 PandemiG detiimontal eff6¢1. The charity ngods to try and establish covor artsing from the rSsk that bolng a small team, wo struggle to Cover for stsff sickness and often 8fè requlred to close for a period. This support is requiT8d when re181Ing to the stsff who give personal cafe or rf both kitchen staff are unavailable, in which case we cannot provide hol food. V¢lunte&rs Volunteers continu8 lo be the backbone of the organlsalion, Ihelr contrlbulion Is incredibly valuable ènd allows (he organisalion lo deliver a first class Day Centre experience lo our clients. Managemenl and trustees a aware that vithoul the volunteers we would not be in a position to give such a comprehensive service Wo Thank our volunteers personally oncg a year when w8 hokt an afternoon event, wlh entertainmenl and food, dedicated lo them Resums The results for the year, and the charitys financial position at the end of the year. are shown in the attached finallal 51alements. Rgser¥e$ pollcy The rnaintenance Issues the Centre Is now experiencing given the age of the building, equipment and the vehicles. for which sourcing parts has become a major headache and the conslanl lail-lift issues on the buses requires reserves lo be maintained.
The Meadows Day Contre Ltd Trustees. Annual Roport (continued) For the year ended 31 March 2023 Trustees The trustegs wh0 Sorved tho ¢harrty during the year were as follows: Mr Patrick Wllliam Skells Chairperson Mr Barry Elliott Vice Chairperson Mr Anthony Cronin Mrs Lynn Franklin MTS Cherry Jeffery Mr Timothy Barzyckl TnJ8tO08 New trustees are recruited from a group who have shown a koen inlere3t in the Vrk of The Meadows Day Centr8 Ltd and have abilities required on the goveming body. Tfaining is promded to keep tnJsle8s up to date wth new18gislation etc. on a regular bg91S. The major risks lo whlch the charlty18 èxposed, as idenllffied by th• Tru6te8s. have been revlawed and iyslems havg bèan e$l3bll$hod lo mlligale the risks. No trustee any beneficial intere81 In tho company. All Iruslees are membern of the company and guarantse lo wntribute £1 In the event of a wnding up. There were 81x guarantors #131 March 2023. The ehairperson and mèmbers of the Board, a8 appointed in &cordance with th• charitable company'8 Arhcle8 of A880ciation. are elected at the Annual General Meeting at least once in every three years. Rupon•lblllll•• of tho trust• Company law requlre8 the INstee$ to pp3re financlal statèments for each financlal year 1¢h glve a true and f8ir review of the st81e of alfairs of the charity al the end of the year and of th• inming and outgoing resources for the year ended 31 March 2023 In preparing Ihg$9 financial statgmgnls, the Iruslees aro requirod to 6ele¢t suitable aoUnting polides and then apply them consSslenlly, making judgement$ and e$llm•les th81 ore reasonable and prudent. The trusleas musl 9180 Prepare the financial slatemènls on tha golng concern basis unles911 Is Inappropri*la to presume Ihal the charily wlll Gonlinue ils aclivttles. The tru$l89$ aro rosponsible for keeping propw accounting rer¢I5 which disdose wth reasonable accuracy at any time the flnanci81 position of the charity and lo enable them to ensure th81 the fin8ncial statoments comply yth Ihg Companies Act 20C6. The Irustegs are also responsible for safeguarding the a$sel$ of the chority and hence for taking roasonable steps for the prevenllon 8nd delectlon of fraud and other Irfegularllies. R•portlng ac¢ountant8 A resolution to rfrappoinl Mr K J Maggs a$ Indepgndent Examiner for the ensuing year wlll be praposed al the Annual General Meeting. Signe(I by or¢Jer of the trustees Mr P W Skalls Chairman I Company Secretary Dale.. ..2023
Independent Examlnerfs Report to the truste8s of the The Meadow$ Day Contre Ltd I report lo th• ¢ttarity trustees on my examination of the accounts of the company lor the year ended 31 March 2023, which are Sel out on pages 6 to 17 Respon$ibllltles and basis of report As the charity tTUStees of the company land also ils ijirectors for the purposes of company lawl you are responsible fof the preparation of the accounts in accordance wth the requirements of the Companies Act 2006 Ilhe 2006 Acl'l Having sat18fled myself that the accounts of the company are not required lo b8 audited under Part 18 of the 2006 Act and are eligible for independent examination. I report in respecl of my examination of your company's accounts as carried otjt under secbon 145 of the Charibes Act 2011 {'Ihe 2011 Act'l In carrwng oul my examination I have followed the Directions given by the Charity Commission under section 145{5llbl of the 2011 Act. Ind•p•nd•nt •xamlner'$ statement I hav• compl8t8d my èxamlnatiort I conflrm that no mat8rlal matt•rÉ hav• com• to my 8ttgntion in nnection wlh the exarnination giving me cause lo believe that in any material respect.. accounting records wère not kept In respect of the company as requlred by secuoft 388 of Ihe 2006 Act., or 2. the accounts do not accord with those rgcords, or 3. the accounts do not comply wfth the accounting requlremenls of section 398 of the 2006 Act other than any requirement that the aecounls 9Sve a 'true and fair viev/ vknich is not a matter considered as part of an independent ex8miTr81ion, or 4. th6 acceunls have not been prepared in accordance wllh the methods and principles of the Stalemgnt of R8commènded Practicè for accounlSng and reporting by chari11es applicable lo charilles preparlng their accounts In accordance wlh the Flnancial Reportlng Standard applicable in the UK and Republic of Ireland {FRS 1021 I have no concem8 and havo come across no other rnatters In connection with the 8xaminabon to ¥ich attention should be diawn In Ihl8 report In order to enable a proper understanding of the a¢¢¢unts lo be reached . Magg$ 8 Chartered A¢ Spalding nlant Dale- 2023
The Meadows Day Centre Ltd Statomont of Flnan¢lal Activities (including Income and Expenditurg account) For the year ended 31 March 2023 2023 Unrestrl¢t•d R•strlct•d Funds Fund6 2022 Tot81 Funds Total Funds Note Incom8 from: Legacies and don8tion8 Fundral8lng events Charltable activitie5 20,208 8,097 122,735 20,208 8,097 122,735 14,863 1,820 92,900 Oth8r Irading actmties.. Fumiture recycling cent Investments 53,168 693 53,168 693 47,547 241 Total InGom• 204,901 204,901 156,971 Expendlture on: Charitable activities 163,938 45,765 209,703 6,348 170,286 165,829 42,118 207,947 Other trading a¢livilio8 Total •xpandltur& 45,705 218,051 6,348 Ngt {•xpendltureVlncom& (4,802) 18,348) 111,150> {50,976) Transf•rs b•tw••n fund8 (2,373) 17,175) 2,373 13,975) N•t mov•mont In fund• 111,150} 150,978) Total fund8 brought fowar(I Total funds carried forward 143,318 136.141 209.826 205,851 353,142 341,992 404,118 353,142 The charity has no recognlsed gains or lo¥se5 other than the results for the year set out abov8. All of the aellvilles ol Ihe Gh4rf1y are classed a8 contlnuing aclivlli88. The notes on pages 8 - 17 form a part of these accounts.
Tho Moadows Day Centre Ltd Balance Shg£t At 31 March 2023 2023 2022 Not• Fixed assets Tangible assets 236.835 245.250 Current assets Stocks Debtors C85h al bank and in hand 11,500 18,520 83,499 111.519 11,500 13,312 90,112 114,924 Credltors: Amounts falllng du• wlthln one year 16,3621 17.0321 N•t curr•nt aBs•ts 105.157 107.892 Total assets l•$s ¢uff¢nt liabiliti•$ 341.992 353.142 Funds Unreslrfcled Restrkled 136.141 205,851 341.992 143.318 209.828 353.142 The Iruslegs are satisfied that Ihg charity is enlilled lo exemption from oudil ol Ihe finonciaS slalemenls for the year under Section 477 of the Companle8 Act 2006 Ithe Act) rdaling to sm811 companles and that the members have not required the company lo oblaln an aud51 In accordance Tr1h Soclion 476. Thg tru$tso5 acknowledge their responsibilitiès for.. lil ensuring that the charity keeps proper accounting records which comply section 386 01 the Act, and Illl preparing financial 8taternenl$ whlch give a true and fair viéw of the stale of affairs of th• charity a$ al the end of the financial year and of Ils profll or10g8 for the finaneial year In accordance th the requirements of section 396, and which olherwse comply wfth the requirements of the Act relating to financial slalemenls, so far as applicable to the charity. The accounts have been prepared in a¢eord8nce with the provisions applicable lo Cornpanies subject to the small comp¥nie$ rngime. Tho58 financial stat6m$nl$ ware approved by th• Tru8t¢e$ on Ihg slgned on their behalf by.. 2023 and are Mr P Sk•ll8 Chairman Mr Barry Elliott Trustee Company Number 03487584 The notes on pages 8_ 17 form a part of these accounts.
Thg Meadows Day Contro Ltd Notgs to tho Financial Statements For the year ended 31 MarGh 2023 1. Accountlng Pollcle• G•n•ral Information and ba$ls of accountlng The Meadows Day Centre is a company limited by guarantee registered in England and Wales. In the event of the charitable company being wound up, the liabilty in respect of the 9uarantee is limited to £1 member of the ¢harity. The number of guarantors al 31 March 2023 was 612022- 61- The address of tho raglslgrad offiu of the charity is given in the charity information on pa9& 1 of th•$• rinancial $lalemenls. The natur• of lh• charivs operabons and principal aclivilies 1$ ihe provislon of day care services for the el¢Jerfy. The charity con$lilutes 8 benefrt entity as defined by FRS 102. The financial statements have been prepared in accordance with Accounting and Reporting by Charittgs. Statem8nt of Recommended Practice applicable lo charities preparing their aOunt5 in accordance wlh the Financial Reporting Stsndard applicable in the UK and Republic of Ireland Issued In October 2019, the Financial Reporting SlandarL1 pplicable in the Unilad Kingdom and Republic of Ireland IFRS 1021, the Charlues Act 2011, the Componi¢s Act 2006 and UK Generally Accepted Accounting Practe. The financial slalements are prepared on a golng concern bAsls under the historieal cost conventlon, modrfied lo include certain item5 al fair value. The financial statements are pr8sent8d in sterling ¥thich Is tre fiJnctional currency of the charity. Fund• Unreslricled funds are available lor use al the discretion ol th8 Iruslees in furtherance of the general objeetives of Ihe charlly and which have not been designated for olhor purpos8S Designated ftjnds eomprise unrestricted funds that have been sel aside by the Iru51ees for particular purposeg The alm 8nd use of each designated fund is Set out in the notss lo the finandal slalements. Rè•trf¢t•d fund• are funds whlch 8re lo u5•d in a¢¢Ordan wlh $p•¢lfl¢ r•$trfdon$ imp08ed by donors or which hove been raSsed by the charlty for particular purp05e8. The cost of r8ising and admlnlstering Such funds aro char9gd against the $pecific lund. The aim and us• of each restricted fund is sot out in the notes to the financial 5tstemonls Incom• r•cognition All incoming resour¢e8 8ro Incl3¢{1 In the Slatem•nt of Flnondal A¢tlvlkn'o$ 0n th• ¢hgrfty is legally enlllled to the Income after any performance condllon8 have beèn m81, the amount can be me*$ured rellably and 51 Is Pro1ble that Ihg income 1[ be received. For donation¥ lo be rgcognised the charlty 11 have been notified of the amounts arKI the settl8mgnl dale in writing If there are condltlons attathed lo Ihg donats'on and this requir95 a1gVg1 of porformance before entillemenl can be obtained thon Income Is deferied until those conditions are fully mel or tho fvffilment ol Ih¢)8e condillcns Is wilhln lh8 control ol the charity and11 is probable that they VAII be fulflll8d. Donated fadlitles and donated professional 8erylces are recognised in income al their falr value when thelr economic benefit is probable, It can be measured reliably and the Charity has control over the item. Fair value 1$ de18rmin8d on the basis of the value of the gsft to the charity. No amount is Included in the Tinancial slaloments for volunteer time in line wth the SORP IFRS 1021. However, the Iruslees estimate the p)tenlial value of volunteer time lo the charity is in the region of £45.445 12022- £47,975) for 23 (2022 - 25} voluntogrs. Gifts in kind donated for resale are induded al fair value, being the expected proceeds from sale less tho expected costs of sale. Where estimatin9 the fair valu8 is practicable upon receipt it is recognised $t¢xk and 'lncome from other trading acts"vib"es'. Upon sale. the value of the stock is charged against'lncomg from olher Irading actNitlgs' and the proceed5 are recognised as 'lncome from other trading aebvilies,. Vvhere il is impra¢li¢ab19 tQ 9stsmale fair value the items due to the volume of low value items they are not fecognlsed In the financlal slat6menls until they are Sold. Th1$ InMe Is recognised thIn 'lncomo from olhertradlng bwlies,. l¥
The Meadows Day Centrg Ltd Notes to the Financial Statements (continued} For the year ended 31 March 2023 l. Accounting Poli¢ios l¢ontlnu8dl Ineome recognition {continu•dl Ftxed a5sel gifts in kind are recognised when reCvable and are induded at fair value. They are not defeNed over the lite of Ihe asset. For legacies, entiuemenl is the eadier of the charity being notifigd of an impending distribution or Ihe legacy being received Al this point income Is recognised On occasion legacies will be notified to the chanty however il is nol possible lo measufe the amount expected to be distributed On these occasions, tho l&ga¢y is Irealed as a contingent a$sg1 and disclosed. Income from govemment an(5 other grants are rQgnised at fair value when the charity has entitlement after any performance condrtions have been mel, rt Is probable that the income wll be received and the aTnounl can be measured reliably. If enliuement is not mel thgn these amounts 8re defarred Incomg from trading activities includes incomè earned from fundraising events and Iradlng aetivltr&$ lo rai$ funds for the charity. Income Is received In 8xchango for supplwng goods and s¢rvi¢e$ In ordor to raise funds and Is rècognised when enlillemenl h8s occurred. Interest Income Is reeognised using the 8ffecbve Interest method and dividend and rent income is recognised as the charity's right to receive payment 1$ established. The charity has trading a¢liwli95 relating lo ono lurnSlure recycling cenlre, tho Holbgach centre has closed. Incomè is rocognis8d on a receipts ba815 as no credit f8ciliUes aro pfovSded Expenditur• CognItIon Atl expenditure is accounted for on an sccruals basis and has been classified under headings that aggregate all costs related lo the category. Expenditure is recognised where Ih8re is a legal or constructive oblallOn lo make payments to Ihlrd parties, il is prob8bl8 Ihal the settlement will be required and Ihg amount of the obligation ¢an b¢ m•a¥urèd reliably 11 is calegorised under the following headings. Charitable athes Includ88 all othei ¢0818 to the charlly and are detailed In note 3 to tho flnanual slalements The3e ¢xpense$ s Subcaiegorised betsveen charltable activilles, support costs and govemBnce costs Other trading activities includes all costs lo the Fumilure ro¢yGling Genlre. The acliwties of tha centra are the collection and s81e of second hand furnlturo to ¢r•al• donated Income for the charity. The ¢osl$ are detailed in note 4 to the financial slalem8nts. Other expenditure represents those Items not falling Into the cal8gor1¢8 above Irrecoverable VAT is charged 8$ Sn expense against the activity for which expenditure arose. Support costs are those that assist the work of the charity but do not directly represent charilable activities and include office costs, governance costs. 8dmin151ralive payroll costs. They are incurred direetty in Support of expenditure on the objects of the charity and include proje¢l managgmenl carried out 81 Headquarter$. Where support costs cannot be directly attrlbuled to particular headings they have been allocated lo cost of ralsing funds and expenditure on charitablo aclivits.es on a basis consistent with use of the resources. Governance Costs are costs ol charitable activities but thos? which relate lo the governance and stewardship ol the charity rather than directly lo the aelivilies ihem$elves. Flx•d a86et8 Tangible fixed assets are slated al cost less accumulated depreciats.on and accumulated impairment losses. C05t includes costs direcuy attributable lo making the asset capable of operating as intended.
The Meadows Day Centro Ltd Notes to the Financial Statements (continued) For the year ended 31 March 2023 1. A¢¢ountlng Pollcles {contlnuedl D•pr•clatlon Depreciation is promded on all tangible fixed assets, at rates calculated to write off the cost. le58 esb"matsd restdual value, of each asset on a syslemalic basis over its expectsd useful life as follows.. Freehold buildings 2.5°k reduGing balance Lifoline 191ephones 50% reducing balance Fixtures and office equlpmenl 33% reducing balance Motor vehi¢195 25% roducing balance tchen and general equlpment 200A reducing balance Depreciation is not provKled on freehold18nd. Stock¥ Stock conslsts of food, cleaning materlals and donated goods. F(i)d and cleanlng malerlal stocks are valued al co81 whlch indud8s all co818 ol purchase, c08ts of conver85on and other co818 incurred In brfnglng 81ock to Its present location and condltlon. Provlslon is made lor obsolete and slow-moving slottk where #pproprlale Donated stocks are lair valued as de8cribed eadier. D•btor• and cr•dltor• r•c•lv•b1Pay•b1• wtthln on• y••r Deblois and Creditors wllh no s181gd interest rate and roceSvablg or payablg within one year arg recorded al tran5a¢lion pric8. Any10559s aTising from Impairment are recognised in expenditufe. Oporatlng l•as• agr•emonts Rentals sppllcable lo operalSng leases where substantially all of the benefits and ri¥k of owneiship r•m•in with th• lessor are chaTg•d against profits on a straight line basls over the period of th• lease. employfro b•nollt• The eharity op8ralos a d6fined contribution ponsion scheme for employees. The assets of the scheme are held separately from those of the charity. The annual contributions payabl6 arg tharged tg the Statement of Financial AGlivities. Taxitlon The charlty18 an exempl charlty thIn the meanlng of 8chedul8 3 of th8 Charllles Aet 2011 and Is ¢on5idered lo pas5 the tests sel ct in Paragraph 1 Schedule 6 Finance Act 2010 and therefora it meets the definitson of • tharitable compeny for UK corpor8tton t8x purpo388. Golng conc•rn The lin¥ncial slalements have been propared on a going concoin basls as the Iruslees believe that no material uncertainties exist. The truglees have con$ideiÈd the level of funds held and thè expected level of Income and expendtture for 12 months from aulhorlsing these finanal statements. Tha budgeted income
nd expenditure is sufficient with the levol of reserves for th8 ¢*arity to be able to continue as a going
concern. 10-
The Meadows Day C8ntre Ltd Note5 to the Financial Staternents (continued) Forthe year ended 31 March 2023 1. A¢¢ountlng Poli¢i•s l¢ontlnu•d) Judg•m•nts and koy 8our¢es of •$tlmatlon un¢ortalnty The preparation of the financi81 stalernenls requi$ management to make iudgemenls, estimates and assumptions that affect the amounts reported These estimates and judgements are continually reviewed 8nd are based on experience and other factors, including expectations of future events that afe believed to be reasonable under the circumstances. Revisions lo accounting e5trmales are reeognised in the period in which the estimate 1$ revised if the rl$lan affects only that period or in tho period ol the revision and futuro periods il the revision affects both Current and future pefiods. The tjseful economic life used to amortlsg intangible assets and depreclate tangible fixed assets relates lo the expected future perfomiance of the assets acquired and management's estimate ot the periocl over which 8oonomic benefit will be derived from the et. The fesidual valu8 of an asset is the eslimaled fair value of that asul al tho end ol its useful economic life 8nd therefore Is also dependent upon the eslimalion of Ih8t Ilfe span. Historically. changes lo the useful economic lrfe and sidual values have not had a mated81 impact on the 8mortisation or deprecia1Son amount charge to the Stalemenl of Financial Activities. cut.off 15 applied #l the year end dal8 An 851imalion of income of expenditure applicabla lo the relevant period musl applied when reipl or paym•nl relates to a drffor•rbt p•rlod lo the year end 2. Charitablè actlvStles Ineom• UnroStrict•d R05trict•d Total Funds Fund8 Funds 2023 Total Fund5 2022 Day c•ntre aclSvitles Grants re¢eived.' UK Government.. Lincolnshir8 County Council Social Services Job retention Scheme ICovid-191 Other Covid-19 Grants 100,437 100.437 55,201 22,298 22,298 14,902 18.203 4.594 22,298 22,298 37,699 122,735 122,735 92,900
The Mèadows Day Centre Lld Notes to the Financial Statements (contlnuod) For the year ended 31 March 2023 3. Charltabl• actEvltlo• oxp•nditur• Unrestrlctod Rostrlctod Total Funds Totsl Funds Funds Fund$ 2023 2022 Direct activrt¥es Food purchases and aclimties Motor expense$ Depreciation Los8 on dl8posal of tsngSble flxed Electricity, gas and water Tdephone Insurance Repairs arKI renewals 12.178 10.307 2.461 168 5,454 2,676 4,089 6,357 43,890 12,178 10,307 8.775 202 5.454 2,676 4.089 8,357 50,038 8,491 6,369 10,276 543 4.215 2.302 3.283 10,620 46,099 0,314 6.348 Support costs Staff costs Office costg ConsullanGy Travel and subsistence Training and $undries Cleaning materials Bank charges 107,708 6.584 2.131 107,708 6,584 2.131 107,563 5,836 2,611 87 1,639 713 67 1,639 713 971 528 118,842 118,842 117,509 Governance eosls A¢¢ountancy and payroll IrKiependenl examiner's fees 658 750 856 7SO 1,333 888 1,406 1,406 2.221 Total charitabl• aclNitt8$ expenditur• 183.938 6,348 170.286 165.829 4. Oth•r tradlnq actfvltl•s •xp•ndltur• Unre8trl¢t•d R•strict•d Total Funds Fund$ Funds 2023 Total Fund8 2022 Fumilure recycllng cenlre. Fumlture collection costs Rent and maintenance Staff costs Insurance 7.694 11.352 20,280 1.356 803 7,894 11.352 20.280 1,356 803 3,071 15,289 15,596 1,118 1,926 270 3.300 215 1.333 Repairs and renewals Advgrtising Telephone Accountancy Bank charges 2,995 225 656 404 2,995 225 656 45,765 45,765 42,118 12-
The Meadows Day Centre Ltd Notes to the Financial Statements {¢ontlnued) For the year ended 31 March 2023 5. Staff cost8 and employw bgnafits 2023 2022 The aggregate payroll costs were. Wages and salanes Social 5ecurty costs Other pension costs 122,958 2,602 2,428 127,988 118.691 2,662 1,805 123,158 No employees receFved total employee benefits {excluding employer p8nsion costs) ol morg than £80,000. The average number of staff employed which also equates to the full time equivalent during the yeaf was as follow8.' 2023 No. 2022 No Full lime Part tim• No amounts are payable to the Iruslees in respect of iemuneralion bul reimbursement ol Iravelling expenses can be made, 6. Tanglbl• flx•d •ss•ts Fr••hold Flxtur•• •nd Land and Llfo.LSno Offl¢e Motar Building¥ Tolephones Equlpment VehlGIg$ Kltch•n and Gonoral Equlpmont Total Co$t Al 1 April 2022 Additions Disposals Al 31 Mar¢h 2023 345,569 2,295 30.917 59.144 60.608 522 11,8861 59,464 498,533 $22 14,5721 494,483 (2,8561 28.081 1501 59.094 345,569 2.29S D•preclatlon At 1 April 2022 Chafge for the ar On disposals At 31 March 2023 118,464 4,302 2,295 29,220 514 12,7391 26,995 47,974 2,792 1491 50,717 55,330 1,167 11,6221 54,875 253,283 8,775 14,410) 257.648 122,766 2.295 Net book value At 31 March 2023 222,803 1,066 8,377 4,589 236,835 Al 31 March 2022 227,105 1.897 11,170 5.278 245,250 Freehold land and buildings includes land costing £55,000 vrfhich is not depreciated. 13
The Meadows Day Cenlre Ltd Notes to the Flnanclal Statemonts {¢ontlnuod) For tho yoar ended 31 March 2023 7. Debtors 2023 2022 Trade debtors Prepaymenls 8,878 7.642 16,520 5,783 7,529 13.312 8. Credttorn.. Amounts falllng du• within on• year 2023 2022 Trade creditor6 Other crgdilors Taxation and soclal 58curlty P¢n8ion conlrtbulion liablllty Accruals 1,567 138 1,805 289 2,563 6.362 722 1,066 1,582 254 3,408 7,032 9. Rostrlcted fund$ Mov•m•nt In r•sourc•s Balance at 1 April 2022 Balance at Trnn8fer8 31 March 2023 Incoming Outgolng Day ¢¢nlre fund M$chlnery and equlpmenl fund Ambulance replacement fvno Lil&line fund 207,693 1,421 13,6761 (319 12.353) 204,017 1,122 20 2,353 712 712 209.826 6.348 205.851 Analygi$ of not ••*at8 Tanglbl• flx•d •$• Oth•r net a•8•t8 Totsl Day centre lund Machinery and equipmeftl fund Ambulance replacement fvnd Lttevllne fvnd 196,516 1,122 7,057 7,501 204,017 1.122 17,0571 712 712 204,695 32.140 236 835 1,156 104,001 105 157 205,851 136,141 Unre8lrlcted funds Day Centre Fund - Thls fund was sel up to acquire the Day Centre and the balance of the fiJnd will be used lo fund futur8 developments, maintgnance of the day centre fabric and other Onoing costs of the centre building. Any deficits on this fund will be supported by the unrestrided fund. Machlnory and Equipment Fund - This fund was established to cover donatic$ received by the charity in OTder to acquire necessary machinery and equiprnent f(x the charity's use. Ary cash balances resulling froTn preferentially negob.aled prices will be used for future acqui5ition5. 14-
The Meadows Day Centre Ltd Notes to the Flnan¢ial Statements Icontinuedl For the year ended 31 March 2023 9. R¢$trl¢ted funds l¢ontlnu•dl Ambulanc• Replac•m&nt Fund - This fund was established by the Trustees on 10 November 2001. Thg fund wll help finance the acqui5ib"Dn of future ambulance replacements and any necessary major overhauls on current vehicles. Al the end of the year this fund was In deficit which was funded by general funds. Llfa-llnq Fund - This fund finan¢e$ the capital and maintenance of the lrftrline telephones. Tran$ftrn relate to restrlcted fvnd$ with Insufflclent cash lo rnake valid contributions lor 8s8els. 10. Control rolatlonshlp The charity is controlled by the trustees joinuy and no Individual can or does exert control over the olhws. 11. OperatSng le¥yè$ The lolal future minimum lease payments under non-cancellable oper81iro leases are as follows. 2023 2022 Not later Ih8n one ye8r Later than on¢ and not later than five yoaf8 1.738 5,408 3,282 298 7, 146 3,578 12. Fund comparatives 2022 Unre$trl¢ted Re$trl¢ted Fund$ Fund$ Total Funds Incomo from.. Don81ions 14,663 1,620 14,663 1,620 92,900 Fundraising evenls Charitable aclivilms 92,900 Other Iradln9 activifyes.. Fumilure rgcycling centre Investments 47.547 241 47,547 241 Total Incom• 156,971 156.971 Expendltura on.. Ch8ri18ble 8clivili8s 158,547 42,118 7,282 165,829 42,118 207,947 Olhor trading aclivibes Total expgnditure 200,665 7,282 N•t Incom•/f•xp•ndltur•) (43,694) (7,282) (50,976) Transfers botwa•n funds {3, 136) (46,830) 3,136 (4.146) Not movement in funds (50.976) Reconciliation offfunds." Total funds btDughl fonvard Tolal funds Garriod foThvard 190, 146 143,316 213,972 404, 118 209,826 353,142 15
The Mèadows Day Centre Ltd Notes to the Flnancial Statements {conllnued) For the year ended 31 March 2023 12. Fund ¢omparative$ l¢ontinu•d) Charitable aCVitIeS in¢om• 2022 Unrestricted RestriGted Total UnrnstriGt8d Restrl¢t8d Total Funds Funds Funds 2022 Day centre 8ctivit$ 55,201 55,201 Grants r6celved.' UK Gov8rnment.. knn¢olnshirg County CDuno'l Social Services Job R9tonlion Schemg (Go othfjr Covid.19 Grants 14,902 18,203 4,594 37,699 14,902 18,203 4, 594 37,699 92.9CIO 92,900 2022 Unrestrlct•d Restrlcted Tolal Funds Funds Funds 2022 Ch*rlt•bl• •otlvltl•s 0Xpd1tUr• Foodpurchoses and 8ctivll8 Motor 61xp&ns•$ Depr8ci8llon L05s on disposal of t8nglble Electricity. ges ènd water Tglephone Insurance R8p&lrs 8nd renowals 8,491 6,369 3,017 520 4,215 2,302 3,283 10,620 38,817 8,491 6,369 10,276 543 4,215 2,302 3,283 10,620 46,099 7,259 23 r,282 Support ¢osts SIBff costs Officf costs Consultan¢y cost$ Tr8lnlng ond sundries Cleaning materials 107,563 5.836 2,611 971 528 107,563 5,836 2,611 9T7 528 117,509 117,509 Gov9mae Gosls Accountancy and p8yroll Independent examiner$ fees 1.333 888 1,333 888 2,22Y 2,221 Total Gharilabl8 acbvities 158,547 7.282 165,829 16-
The Meadows Day Contro Ltd Notes to the Financial Statements (continued) For the year ended 31 Mah 2023 12. Fund comparatlves {contlnu•d) Other trading activities expenditure Unrestri¢ted RostriGted Total Funds Funds Fund5 2022 Fumilur8 Trcycling cgntrg.. Furnilurg colle¢lion Gosls R8nl and maintenance S18ff G¢X8Is Insur8nGe UtilAts'Bs Repairs and ren•wals Adv6rtlsing Telephor79 Accountancy 3.071 15,289 15,596 3,071 15,289 15,596 1.718 7,926 270 3,300 215 1.3J3 1.926 270 3,30Q 215 1,333 42.718 Reslricled funds Movement In r•sourc•a B•l•nc• at 11 March 2021 Incomlng Outgolng 8al•nce It rrènsfèrs 30 March 2022 Day c•ntr& fund A18¢hin&ry 8nd equipment fund Ambul8n¢e r8pla¢om¢nl fund Ilin¢ fund 211.471 1. 789 (3. 778) (368) (3, 736) 207.693 1,421 3, 136 712 712 213,9T2 7,282 209,826 Analysii of n•1 a$s•ts Tanglbl• flxed asset$ Other net •s$9ts Total Day centre fund Machinery and equipment fund Ambulgnce roplacemonl lund Lifethline lund 200, 192 1,421 9,410 7,501 207,693 1,421 (9,410) 712 712 211,023 34,227 fl, 197) 709,089 107,892 209.826 143.316 unsInGled fund$ 245,250 353, 142 17 "Ll