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 •n￿p$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 redU￿d 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 act￿llieS 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 ¢I￿A¢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$h Ih•m after tho Covid.19 PandemiG detiimontal eff6¢1.
The charity ngods to try and establish covor artsing from the rSsk that bolng a small team, wo struggle to
Cover for stsff sickness and often 8fè requlred to close for a period. This support is requiT8d when re181Ing
to the stsff who give personal cafe or rf both kitchen staff are unavailable, in which case we cannot provide
hol food.
V¢lunte&rs
Volunteers continu8 lo be the backbone of the organlsalion, Ihelr contrlbulion Is incredibly valuable ènd
allows (he organisalion lo deliver a first class Day Centre experience lo our clients. Managemenl and
trustees a￿ aware that vithoul the volunteers we would not be in a position to give such a comprehensive
service Wo Thank our volunteers personally oncg a year when w8 hokt an afternoon event, wlh
entertainmenl and food, dedicated lo them
Resums
The results for the year, and the charitys financial position at the end of the year. are shown in the attached
finall￿al 51alements.
Rgser¥e$ 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 V￿rk 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 p￿p3re 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• in￿ming and outgoing
resources for the year ended 31 March 2023
In preparing Ihg$9 financial statgmgnls, the Iruslees aro requirod to 6ele¢t suitable a￿oUnting polides and
then apply them consSslenlly, making judgement$ 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 re￿r¢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 y￿th 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 Tr￿1h 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 a￿Ount5 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 Pract￿e.
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 $pecific lund. The aim and us• of each restricted fund is sot out in the notes
to the financial 5tstemonls
Incom• r•cognition
All incoming resour¢e8 8ro Incl￿3¢{1 In the Slatem•nt of Flnondal A¢tlvlkn'o$ ￿0n th• ¢hgrfty is legally enlllled
to the Income after any performance condllon8 have beèn m81, the amount can be me*$ured rellably and 51
Is Pro1￿ble that Ihg income ￿1[ be received.
For donation¥ lo be rgcognised the charlty ￿11 have been notified of the amounts arKI the settl8mgnl dale in
writing If there are condltlons attathed lo Ihg donats'on and this requir95 a1gVg1 of porformance before
entillemenl can be obtained thon Income Is deferied until those conditions are fully mel or tho fvffilment ol
Ih¢)8e condillcns Is wilhln lh8 control ol the charity and11 is probable that they VAII be fulflll8d.
Donated fadlitles and donated professional 8erylces are recognised in income al their falr value when thelr
economic benefit is probable, It can be measured reliably and the Charity has control over the item. Fair
value 1$ 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 $t¢xk
and 'lncome from other trading acts"vib"es'. Upon sale. the value of the stock is charged against'lncomg from
olher Irading actNitlgs' and the proceed5 are recognised as 'lncome from other trading aebvilies,. Vvhere il is
impra¢li¢ab19 tQ 9stsmale fair value the items due to the volume of low value items they are not fecognlsed In
the financlal slat6menls until they are Sold. Th1$ In￿Me 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 reC￿vable 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$sg1 and disclosed.
Income from govemment an(5 other grants are r￿Qgnised at fair value when the charity has entitlement after
any performance condrtions have been mel, rt Is probable that the income wll be received and the aTnounl
can be measured reliably. If enliuement is not mel thgn these amounts 8re defarred
Incomg from trading activities includes incomè earned from fundraising events and Iradlng aetivltr&$ 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 obl￿allOn
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 ath￿￿es 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•b1￿Pay•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 c￿t 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 finan￿al 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 r￿l$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 re￿ipl 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 •$•
Oth•r net
a•8•t8
Totsl
Day centre lund
Machinery and equipmeftl fund
Ambulance replacement fvnd
Lttevllne fvnd
196,516
1,122
7,057
7,501
204,017
1.122
17,0571
712
712
204,695
32.140
236 835
1,156
104,001
105 157
205,851
136,141
Unre8lrlcted funds
Day Centre Fund - Thls fund was sel up to acquire the Day Centre and the balance of the fiJnd will be used
lo fund futur8 developments, maintgnance of the day centre fabric and other On￿oing costs of the centre
building. Any deficits on this fund will be supported by the unrestrided fund.
Machlnory and Equipment Fund - This fund was established to cover donatic￿$ 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 aC￿VitIeS 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 0Xp￿d1tUr•
Foodpurchoses and 8ctivll￿8
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
Gov9ma￿e 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 Ma￿h 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
I￿lin¢ 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$9ts
Total
Day centre fund
Machinery and equipment fund
Ambulgnce roplacemonl lund
Lifethline lund
200, 192
1,421
9,410
7,501
207,693
1,421
(9,410)
712
712
211,023
34,227
fl, 197)
709,089
107,892
209.826
143.316
un￿sInGled fund$
245,250
353, 142
17
"Ll