Registered nUM￿r. 03584750 Charity number: 1071829 FORWARD DAY CENTRE LIMITED (A company limited by guarantee) TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2022 "AC3XMO' 2010512023 COMPANIES A15 11159 FORWARD DAY CENTrE LIMITED IA Company Ilmlled by guarantee) CONTENTS Page Referenc8 and administrallve details of th• company. Its Trust￿ and advisws Trust•es' report Independent audilors. report on the financial statoments Staternent of financial activitses 8-11 12 Balance $h•et 13-14 Statement of Cash flows Notes lo the financial stalements 16-35 FORWARD DAY CENTRE LIMITED (A company limited by guarantee) REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITS TRUSTEES AND AOVISERS FOR THE PERIOD ENDED 31 MARCH 2022 Trustees P Brown S Fraser (resig￿ 29 September 2021) A Hodson M Drake R Portham. Chair K Roberts Iresty3ne(129 Seplember 2021) N Gallard (appointed 1 June 2022) Company regislered Dumber 03584750 Charity registsred number 1071829 R8gistered office St Margarets Miimeet King's Lynn Norfdk PE30 SEG Independent auditors Whitings LLP Senior Slatulory Auditor Greenwood House Greenwood Court Sk￿lner Way Bury St Edmunds Suffolk IP32 7GY Bankers Barclays 92 High Street King's L￿n NOrf￿k PE30 18L Solicitor¥ Fraser Dawbams 21 Tuesday Market Pla King's Lynn Norfolk PE30 1JW Page 1 FORWARD DAY CENTRE LIMITED (A wnpaTry limiled by guarante8) TRUSTEES. REPORT FOR THE PERIOD ENDED 31 MARCH 2022 The Tnjstees (who are also directors of the charity f¢y the purrK)ses of Ihe Companies Act) present Iheif annual report together with the financial statements of FoTWdrd Day Centre Limited Ilhe company) for the period ended 31st Ma￿h 2022. The Trustees confimi that the Annual Report and financial stalernenls ol the Company Comply with the currenl statutory requirements. the requirements of the compan￿$ governing document and the provisions of the Statement of Recommended Practs.￿ ISORPI "Acc￿lntlng and Reporting by Charities" issued in October 2019, applicable lo charities preparing their accounts in a¢￿dance with the Financial Reporting S18ndard apfAicable in the UK and Republic of Ireland IFRS 102}. Structure. g¢)vernance and management Consitulion Forward Day Centre Limrted I'FDC'I is a ￿rnpanY limited by guarantee and is govemed by its Memorandum and Artides of Association dated 19 June 1998 lamended in 2￿2 & 2017}. It is alw registered as a charity wth the Charity Commission Inumber 1071829). The Trustees of FDC are the only people with votsng rights. Recruilment and Appointrnent of Trustees All members are inwted to meet each year at the Annual General Meeting to elect the Board of Trustees, who are also director5 of the company. One third of the Truslees stand down each year by rotation. The rules slate that there must be a minimum of 3 Trustees. There is no Up￿ limit to the number of Trustees. Trustees come from a variety of backgrounds and indude several with a close or prOfess￿n31 knowledge of the worfd ol disability. On appointmenl Trustees receive an induction aTrJ training to aid their understanding of Forward Day Centre. The pay of senior staff is reviewed annualy by the Tntstees and assessed against comparatle market rates for similar charitsble insts.tul￿ns, havirvJ regard to the particular circumstarKes of Forward Day Centre. General Management 'Forward' has become ac￿pted as the operabonal name of FDC. 'Ezone' has become accepted as the operational name for FDC'S industrial uniL The management team report to the Twstees during monthly board meetings where strategic deusions can be eonsK1ered and made. The da*ll￿aY responsibility for the provision of services rests with the Chief Execulive Offi￿r and the senior managemenl team. Major risks have been rewewed and systems aTrJ I￿aCe[k￿re$ ￿ve been established to manage these risks. Objectlves and kntivltles Misslon Statement: o empower. enabfe and supm wlnerable pecole. especialy Ihose wilh leafring disabilities, and those they interact wth. so tt*y can lead the lrfe they Ch￿Se wtlhin the community. Page 2 FORWARD DAY CENTRE LIMFTED (A company limited by guarantee) TRUSTEES. REPORT (CONTINUED) FOR THE PERIOD ENDED 31 MARCH 2022 Forward Aims: lo enable memt*rs lo be independent. 10 5UPPOrt members towards employmenl. lo empower members to consider options and make th)1￿$. to involve members in their local community. to enable members to be in contrd of their lives. lo al￿ayS lake care of the people arwnd us. For¥Yard Obiectives: To devebp and deliver a dNerse prTr3ramme of actiwties to support members lo achieve their individual goals. To listen to mernbers opin￿nS and requests and enak4e their opinions to be heard. To be aware of the drfferenl ways members communicate an(J to communicate by the most appropriate means for each Individual. To provide suitable and varied envirl￿Ments wilh level access. specialised equipment and adaptations where needed. To support mernbe￿ in a person-centred way aThJ tsilor le￿i￿j to support their indNMlual needs. To employ a diverse. innovative and skilled to support mernt)ets to achieve their petsonal goals. To provide the necessary training lo provide the ski115 the worklorce requires. To support members to travel 1ndeper￿endY by using public transport. To support members towards independence in money handling skills. To consult and take into 8c(x)unt members and stsff opini¢Ms ￿ service changes aTrJ new projects. To ensure members are consulted and their opinions listened to before making company decIs￿s. Tad(ling disadvantage and discrimination lo ￿ tht Fermanent and positive change. To advocate for members when necessary. To work in partnership with Parents. ca￿1$ and other outside agewes. To prowde a safe servi￿. To encourage a eullure where members and stsff can express Ihemsfrlvgs and report any concefns they have: including a roiMJ51 safeguarding and whisueblowng policy. To provide a series of gxial events aThJ ts"r￿ relaxaticffi. Our Valu•$ Provmling the best for members. Opportunity- with no prejudices or limits being sel on members. polenlial. Communication - a basic human righl". we will make sure that everyone's way of communicating is valued. Oignity and Respect- supporting rnembers in a c4)nffvYential and digThfied manner that respects their beliefs. preferen￿$. values and culture. Equality and Diversity- ensuring members are treated fairly and equalty. specific lo their needs and choices including areas of ra￿, gender, disabilty. religion or belief, sexual orientation and age. Inclusive- supporting members to be part of their thal community. Innovatwjn. Empowerment and Determination - to enable members lo sueteed. Listening - to develop our servicEs in aC￿rdarKe with mert)ers' needs a￿1 wishes. Quality and Accountability- throughout the organisatlon. Partnership- respeth'rvJ and bbDrking vith other organisations. Page 3 FORWARD OAY CEKfRE LIMITED {A company Ilmlted by 9iiarant•e) TRUSTEES. REPORT {CONTINUED) FOR THE PERIOD ENDED 31 MARCH 2022 Achievements and performance Going Concern After making appropnale enquir*s. the Trustees have a reasonable exFettalion that the company has adeouale reSoUr￿S lo continue in operational existen￿ for the foreseeable luture. For thi5 ieason. they continu8 to adopt the going concem basis in preparing the financral statements. hievements Forward Continl￿$ to cater ft)r a broad range of nee(ts and aspirat￿)n$ for its Servi￿ user members by promoting choice. inde￿nder1Ce and challenging attitudes that discriminate against people with disabilities. Donations Forward has beneffted from the generosity of kKal West Norfolk people during Ihis period in the form of donations and attending our fund-raising events. We would like to thank everyone who kindly donated money lo Ihe charity or supported our projects Ihrough grants. awards or donations. Your kindness and support do make a huge difference lo the people we support and enables members to progress, accomplish and experien￿ new activities. We would like to thank Ihe Geoffrey Watling Chanty which granted us money in February (which was originaly intended for the year before but Covid meant we rKA empk)y builders in 2021}. Geoffrey Watling Charlie, Lisa and Tom £4500 towards sensory rooms and a￿sS toilet. £240 raised in a 10k njn During this pericmy. Forward charyed its acc(MJnting Jear to enab￿ it lo run from April 1st 2022 to March 31st 2023. The period rewrted by these accounts is therefore from 1st August 2021 to 31st March 2022. This change made sense as NCC budgets and financ481 uplrfts to the Ca￿ sector are set in the first three months of the calendar year. This Iherefore informs FoTh¥ard of the polential for pay rises which Forward can then intmduce from April 1st. Ideally ForwaNJ wdl have held their appraisals by March 31st. Forward's support for Members and the activities lh￿ were able lo take part in were still hampered by the Covid 19 pandemic during the period August 2021 to March 2022. but gradually Members were able lo participate more and more in community activities. This was partty driven by the fall in numbers of peO￿e with Covid and the vaccAnalion programme rolled cNJt by the Govemmenl. However. Members still stsyed in bubbles, the Staff team still wore facemasks. and Forward d*J rL)t organise any Christmas parties in (yjmmunity venue5. After the events of the previous year. this period seemed very much a time of limbo. FoThYard was hesitant to be too bold in mingling V￿thIn the communty. trtjt we didn't wanl to continue io be hemmed in our t￿lIdIngS either. Forward wanted lo retum to Members having their full allctation of days and gradually we did increase lowards the Members attending their bub￿eS each day. Refe￿a]S were also fflounling and Lyept up to approximately 40 people either w8itlng lo begin a seryKe with FO￿rd ￿ existing Vembers wanting more days with us. thjring this time. Stsff had been able to work with smaller groups of Members and were able to give them more one lo one time. As a result we notic￿ many benefits ar￿ indications of Members progress., noticeably some Members, communication and confidence grew. GNen these achievemerits and the number of referrals on our wailing list, we needed more space. We considered drfferenl tyFes of buildings but preferred the benefits of a shop with space behind it for day Servi￿ activities. We thought we had found the Kjeal situation on the hph street bul after a slfuclural survey we realised that that buihjing could be a financial liability so, as of the Balance Sheet dale we were still kjoking for the Mjeal premtses. Page 4 FORWARD DAY CENTrE UMITED IA Company limit•d by guarantee) TRUSTEES. REPORT (CONTINUED) FOR THE PERIOD ENDED 31 PIARCH 2022 In Conclusion Although the shadow of CovTrd slli I looms over some of the things we Can do, new Members have joined Forward 8fHJ added their talents and personalities to the vibrant. wam, arwj welcoming atrnosphere that is the whole of what we are. A few stsff refflected on th￿r futures aTrJ moved awdy from 5UPFMNt work. and we would like to thank them for their contribubons. but also new staff have joined arnl brwjht new skills a￿1 ￿eaS lo what we do. We woukj like lo thank the Team Leaders and all the Stsff team who have supported Members with their acb'vilies aTrJ well)w'ng Ihrough Ihis per￿. Ihey as a￿VayS are a twly amazing. innovative. and dedicated group of people. We would also wish to thank the SenicK Management tgam. for providing a safe and innovative seryice for Stsff an¢J Membefs. We also need to exiend our thanks to Parenls and c￿r$ we continue to work closety with. Forward continues lo work in conjunction Norfol( County Council (NCC} Leaming Disabilities Team. and this has been especialty so during the pandemic. We V*Duld like to thank the West Norfolk Leaming Disability Swial Work team and NCC for their &￿tinUed sUp￿rt Ihrwghout this time. Going Forward In the perio(J since the Balancè Sheet date, FOr￿drd has managed lo find and secure a town centre premises. allowing us to open a gfft shop and give further day service provision to the vast number of people waiting lo enter the service. We also aim to have better provision for complex needs by refvrbishing the toilets, improving the side entrancé. building a better entrance gale. and adding a de-escalab.on room and new sensory room lo our existing prernises. We expect to release some reserves for these irnprovements and apply ft)r some grant fundirKJ, which w￿¢ indude purchasing some spe(aali8ed sensory equipmenL We inten¢Y to modemise Studio 1. inth(ling kM)king * inyroving the llo￿ng. and building a wall lo screen off the workshop. Studio 2 may be adapted to provide a further ccoking space. Tralning Forward conlinued wlh an exlensive programme of training of Staff during the ￿￿(￿1 Augusl 2021 to March 2022 as detailed below. Safeguarding- 2 employees Manual Handling - 8 employees First Aid Awareness- 6 employees Equality & Dwersity- 3 empkjyees First aid at work- 2 em ￿0yeeS Safe Administration of Medi(ines- 3 emplo Food Hyg*ne- 2 employees Epilepsy- 2 employees Communication - 3 employees He811h & Safety- 1 employee Challenging behaviour- 2 empk)yees Confidentiality- 1 employee Deprivation of liberty- 3 employee5 Record keeping - 4 employees Mental capacity- 2 employees Page 5 FORWARD DAY CENTrE LIMITED IA company Ilmlted by guaranleel TRUSTEES. REPORT (CONTINUED) FOR THE PERIOD ENOED 31 MARCH 2022 Financial rnviow Finanual results are nol immediatety comparable lo ￿ previous accounling per￿￿ as a resull of the change in the chanvs yearond. The peiiod ended 31 March 2022 is 8 months k)ThJ in compallson lo the previous 12 month pertod. However. U￿ng an average monthty basis it is encouragiro to see that the average monthly incoming resources increased from £93.843 in the year ended 31 July 2021 lo £97.717 in the 8 months ended 31 March 2022. ReSoUr￿S expended on an average rnonlhly basis actually decreased from £84,755 10 £81.895. Net incoming resources for the 8 rnonth per￿ ended 31 March 2022 of £126.577 were therefore actually higher than that of the previous 12 I￿nth peri(Kl12021- £109.0681. Reserves The Trustees policy is lo hc4d unrestficknl fijnds not committed at around 2 monihs of the resour￿$ expended. At present the Emergency Operating ReSe￿e remains at £140,0(K). At this ￿Ve1 Ihe trustees feel able to maintain the current acjiviiies of the charity in the evenl of a Signifi￿￿1 drop in future funding. In Ihe current economic climate these are considered to be an appropriate larget level. Stralegic Corporate Objectives for the Coming Year to April 2023 To listen to the views of Members and discuss issues in Forum meetin9S With them so that they can make informed decisions about the service Fopward provides and take con￿M$ and initiatives to Norfolk County Counul through the Locality meetirtg. To exlend the opportunities for Members to exercise fUl￿r (*￿Ice prcwrrls in a(*MJance with Forward's aims and objectives. To design programs and acb'vities that suprKxt members lo prows towards their chosen aims and objectives. To relax some of our Covid measures in line wtth Ncrfcdk County Council and Government guidelines. To further develop a complex needs pathway To further devdop an independence pathway To modernise part of Miiineet to benefit a c￿￿eX needs SerV￿e that includes a new sKle drw. de escalation room, and new sensory room. To develop Sludh) 1, induding building a wall lo isc4ate the workshop. To Sour￿ a high street shop. for tradiThJ gifts rnade at Ezone. adding day service capacity and promoting awareness of adults wth learnrng disabiliknes and autism. To mend the leaking roof near Studio 2 To promote healthy living throughout Forward's actiwties To promote recycling, upcycjing, and awareness of the environment amongst Members To continue to budd delivery of public semce contracts to provKle income lo finan¢9 and devebjp our charitable work. To employ a Second trairker anLI improve staff training and development and ensure that eath permanent employee has a full appraisal and development prc43ramme to retain and develop key stsff. To train all stsff in Posttive Behawoural Support. To cL)ntinue the process of becoming a virtuaNy paper free servio. To update and streamline Forylarcfs archiving pr￿esseS. Public Benefit The Trustees have had due regard lo the Charity Conynissirm's guidance on public benefrt and are satisfied Ihat the charity fulfils the pU￿1C benefit requiremenl. The Trustees are of the belief that public benefit is provided by the charity for the advancement of education and relief ofthose in need by ￿khealth. disth.lty or other disad¥antsge. Page 6 FORWARD DAY CEPmiE LIMITED IA company limited by guaran￿) TRUSTEES. REPORT ICONTINUEDI FOR THE PERIOD ENDED 31 PaARCH 2022 Trustees. Responsibilities Stalement The Trustees (who are also the direclors of Forward Day Centre Limited for the purFM)ses of company lawl are responsible for preparing the Trustees. ￿port and the financial statements in accordance with applicable law and Untted King(Jom A¢￿￿nting SlarKJards (United King¢Jom Generalty Accepted Act￿Unting Practreel. Company law requires the Trustees to prepare fina￿￿al statements for each firtanual year. Un¢Jer company law the Trustees must not approve the financial statements UTh￿$$ they are satisfied that they give a true and fair view of the stale of affaits of the charltable company and of the incoming resources and applKatiors of resourcgs, including the income and expenditijre. of the charitsble c(Mnpany for thal pericxl. In preparing these financial statements, the Tnlstees are required to: select suitable accountiThJ policies and then appty them consistenlly. observe the methods and principles in Ihe Charities SORP IFRS 10212019.. make judgmenls and accounting estimates that are reasonable and prudent., prepare the financial ststements on the going C￿cern basis unkn il is inappropriate lo presume that the charitable company will continue in operation. The Trustees are respDnsible for keeping adequate accounting records that a￿ sufficient lo show and explain the charitable companls transacts'ons and disclose with reasonable acujracy at any time the financial position or the charitable company and enable them to ensure that the financial ststements comply with the Companies Act 2(K)6. They are also responsible for safeguarding the assets of the Gh8rilable company and hence for taking reasonable steps for the prevention aTrJ detection of fraud and other irregularities. Disclosurè of informallon to auditors Each of the persons who are Trustees at the bme *then this TnJstees' re￿ is approved has confirmed that.. so far as that Trustee is aware. the￿ is no relevant audit infomiats.on of whith the charitrfs auditors are unaware. and that Trustee has taken am the steps Ihat ought to have been laken as a Trustee in order lo be aware of any relevant audit information and to establish that the chaftws audrtors are aware of that information. Auditors The auditors, Whitings LLP, have indicated their willingness to continue in office. The designated Trustees will propose a motion reappointing the auditors at a meetiNJ of the Twstees. O f/of/iS Approved by order of Ihe manbers of the iN)ard of Trustees on ..................................... and signed on their behalf by.. R Portham (Chair of Trustees) P Brown (Trusteel Page 7 FORWARO DAY CENTrE LIMITED (A company limited by guarantee) INDEPENDENT AUDITORS, REPORT TO THE MEMBERS OF FORWARD DAY CENTRE LIMITED Opini¢Jn We have audrted the finanoal statements of F¢)rward Day Centre Limiled {the 'charilable company) for the period ended 31 Marth 2022 whith comprise the Statement of financial activities. the Balance sheet. the statement ol cash flcpws arKI the related notes. induding a summary of Signifi￿nt accounting pdicigs. The financial iewrting framework that has been ap￿led in their p￿Parati(￿ is applicab￿ law and United Kingdom Accounting Standards, induding Finanoal ReportiNJ Slandard 102 The Financial Reporting Standard app￿"cable in the UK and Republic of Ireland (United ￿"ngdoM Generally A¢¢epted Accounting Pracli¢e). In our opIn￿n the financial statenwnts: give a true and fair Mew of the slate of the charitable companvs affairs as at 31 March 2022 and of ils incoming resources and application of resoufces. indudir@ its income and expenditure for the period then ended., have been properly prepared in accordance wilh Uniteil Kingdom Generally kngpled A￿oUntIng Practi￿., and have been prepared in accordance wth the requirements of the Charities Acl 2011. Basis for opinion We conducted our audit in accrwdance Intemational Stsndards on Auditing (UK) IISAS IUKII and applicable law. Our responsibilities under those standards are further described in the Auditors, responsibilities for the audit of the financkil statements Sectic￿ of our repNI. We are independent of the charitsble company in accordance with the ethical requirements that are ￿levant to our au¢Jrt of the financi81 stslements in the United Kingdom. including the Financial Reporb"ng Countsfs Ethical Standard. and we have fulfilled our other ethical iesponsits'litses in accordance %wlh these requirements. We believe that the audit evidence we have obtained is svfficienl and appropri*e to provide a basis for our opini(￿. Conclusions relating to going concem In auditing the financial statements, we have conduded that the Truslee5' use of Ihe g(Mng concem basis of accountsng in the preparation of the financial statements is appropriate. Based on the WO￿ we have perfomiety. we have not idenlffied any material uncertainties relating to events or conditions that. individualty or cc41eclively. rnay cast sonificant doubt on the charitable compan￿$ ability lo continue as a going concern for a pericKI of at ￿ast Iwefve months from when the financial slatements are authorised for issue. Our responsibililies and the ￿SpC￿1bilrti'es of the Trustees with respect lo cnncem are described in th8 relevant seCt￿nS of this report. Page 8 'INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF FORWARD DAY CENTRE LIMITEO (CONTINUED) Othor infomiation. The other information comprbses the information included in the >mnual ￿port other than the financial statements and our Auditors. rew)rt thereon. The TTrJste&s are resrx)nsible for the other infomiation contained wilhin the Annual report. Our opinion on the financial stslements does not o)ver the other infornation and, except to the exlenl oU)ewse expliciuy stated in tyjr reprt we do not eXp￿$S any fomi of assurance Conciusion thereon. Our responsibility is to read the other information and. ￿ dwig so, consider whether the other infonnation is materially inconsistent ffith the financial slatements or our knowledge obtained in the COUTse of the audtt, or olhernvise appears lo be malerialty misslaied. If we ￿ents"fy such material inconsistencies or app8￿nt material misstalemenls. we a￿ required lo determine whether this gives rise to a matenal misslatement in the financial ststements themselves. If, based on the wor* we have perforn)ed. we condude that Ihere ks a material misstatemenl of this other infom)alN)n. a￿ Trquired to reFX)rt Ihal farl We have nothing lo rep￿1 in thisregaid. Matters on whlch we ave required to report by exceptton We have nothing to report in respect of the following Matte￿ where the Charitie5 {Accounts and Reports) Regulalions 2008 requi￿ us lo ffeport lo rf, in our Opiri￿.. the ￿fOrma￿ given in the Tw5tees' ￿p￿)rt 15 incg)n51Stent in any malerial respect wilh the financial statements: or the charitsbte eornpany has not kept adequate accounting rec*yds'. or the financial stalements are not in agreement with the accc4Jnting records and returns: or we have not receNed al the informalion and explanations we require for our a￿￿11. Responsibilities of trustees As explained more fijlly in the Trustees. res￿nsibftltles stslement, the Tnjstees (who are also the directots of Ihe charitable company for the purposes of company lawl are res(￿151bIe for the preparation of the financial statemenis and for being Satisf￿ that they give a true and fair view. and for such intemal control. as the Trustees detemiine is ￿8￿Sary lo enable tr￿ preparaiKJn of financial statements thal are free from material misstatement, whether due to fraud Of error. In preparing the finanoal statements. the T￿￿teeS are responstile for assessing the tharitable companys abilty lo continue as a going concern. disclosing. as app￿cable. matter5 related to going concern and using Ihe going conwn basis of ar￿Unting unless Ihe Tnjstees wlher In1￿d to liquKlate the Charitab￿ company ￿ to cease operations, or have no realistic altematNe but lo do so. Page 9 >¢.¥F.ORWARD,DAY.CENTrÉ:LIMITED,"' 'INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF FORWARD DAY CENTRE LIMITED (cotinNUED) Auditors. responsibiliti•s for th• audit of the financial statem•nts We'have been appointed as auditor urKler secl#)n 144 of the Charities Act 2011 and ￿port in accordan￿ wtlh the Act and relevant regulatK)ns made or hawng effect thereunder. Our objectives are to. obtsiTh reasonable assurartt about whether the financial stat8rr*nts as a vthole a￿ free from material misstatement. whether dve to fraud or effor. and to issue an Au¢Jitors' report that indudes our opinion. ReasThnable assU￿nce K8 a high level of assurance. but is rKJt a guarantee that an audtt o)nducted in accordance wlh ISAS IUKI a￿AyS delect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered materi* rf, iftdNi¢Jually or in the ag9￿gate, they could reasonably be expecled to inlluence the econoThic de￿S1OnS of user5 taken on the bay"s of these finencial ststements. Irregularities. ￿duding fraud. are instsnces of noT￿0MplIan￿ wrth laws and re9￿ations. We design procedures in line wth our responsibilities. oUuw￿ atove. to detect material misslalements in ￿SpeCt of irregularities, including fraud. The &xtent to our prtxedures are capable of delects.ng irregulaiib"es. indvding fraud is. detailed below: Enquiry of managewil ar￿JThJ actual a￿1 potentsal lithjation and daims: Reviewng financial statement disclswres and testing to supportir*J docurnentstic￿ to assess cwwliance with applicable laws and reguLation5: and Performing audil work over the risk of managment ovemde of contr￿. ￿)dUding testing of journal entries and other all'ustments appropllaten￿. and reviewing acc(wnling estimates for bias. Because of the Inhe￿nI limitations of an audil. there is a risk that not detect all .irregulaTities. induding those'leadirvJ to a matertal misststemenl in the ffinancial slatements or non-compliarKe vthh regulation. This risk increases the MO￿ that (X)m￿lance wth a law or wulatKm is removed from the events an(1 tr8nsaclion$ reflected in the financial ststements. as we wll be less likely to become aware of instances of non-c£Mnpliance. The risk is also greater regarding Ir￿ul8￿11es (xx￿Mng due to fra￿j rather Ihan error, as fraud invdves intentional toncealmenl. forgery. collusion. Cmissi￿ or misreFKesentaticffl. A further description of our respOn￿blI rties for the audit of the financial ststements is located on the Finanryal Reporting Coun(#fs website at: www.frc.o .uklaudrtorsres sibilities. This description forms part of our A￿d￿orS, ￿pOrt. Page 10 FORWARD OAY CENTRE LIMITED (A company Ilm6ted by guarantee) INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF FORWARD OAY CEp￿RE LIMITEO ICONTINVEDI Use of our report This report is made solely lo the charita￿e ¢ompanls trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audrt work has been underlaken so that we might stale lo the charitable companls trustees those matters we are required to State to them in an Auditors. report and for no other purpose. To the fullest extent Fem)itted by law. ￿ do not accept or assume responsibility lo anyone other than the charilaEJe company ar)d the charitable companys trustees. for our audit work, lor this report, or for the o￿niOnS we have fomed. Jonathan Moore I for and on behalf of Whitings LLP Greerwlood House Greerwlood Court sk￿l￿er Way Bury Sl Edmunds Suffolk IP32 7GY Date.. of10s/tS enior statutory auditor) Whitings LLP are eligible to as a￿dItOrS in teThs of seth.on 1212 of the Companies Act 20C6. Page11 ..FOR￿1￿iD DAY CENTRÉ UMITEtI :, STATEMENT OF FINANCIAL ACllVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNTI FOR THE PERIOD ENDED 31 W5ARCH 2022 Unvestrlthd Reslrfcted funds funds 2022 2022 Totsl funds 2022 Tolal fvnds 2021 Incorne from: Donations. legacies & grants.. t)onalv)ns & leg￿leS Grants 2.231 1231 48.147 3.870 60. 708 48,147 Similar incoming resources Charitable aclivilies Other trath'ng activities Investments n8.738 728.738 2.257 75 1,057,309 7.926 2.249 75 Total income Expenditure on: RaisiNJ funds Charitable xlivities 733.587 48.147 781.734 1, 126, 126 402 633.787 402 763 1,016,295 20.968 6Y.755 Total exp•ndllyro 634.189 20.968 655.1S7 1.017.058 27.179 126.577 109.068 Net movèment In funds Reconciliation of fund5: Total funds broughl foMaTd Net movemenl in funds 45371 27,179 867.177 126,577 758. 109 109,068 99,398 921,304 72.450 993.754 867, 177 Total funds ¢ani•d forward The Stslemenl of finawal ￿lIVi11e$ widudes all gavis and losses recognised in the perK*J. The notes ¢)n pages 16 to 35 lo￿ part of these financial statemen Page 12 &"r-.'IA-coiiipaiiy.'"limited'by.'guarariteel:"•'" -FREGISTERED"NUM8ER.':03584750>* "_ BALANCE SHEET AS AT 31 IAARCH 2022 31 March 2022 31 July 2021 Note Flxefi assets Tangible assets 13 462.673 461673 454. 130 Currènt assets Debto Cash al bank and in haTrJ 14 78.032 492.740 99,167 355,081 570.772 454.248 Crediiors'..amcMJnts,lalling.due wtlhin one year 15 9.690 (41.201) Nèt current assets 531.082 413.047 Total assets less current liabilities 993.755 867.177 Total net assets 993.75S 867, 177 Page 13 (A ¢ompany.'iiiiiitèd.by. guayantee).:: - REGISTERED-.NUMBER" 03584T50'"- BALANCE SHEEr (coirriNUED) AS AT 31 MARCH Z022 31 Mar¢h 2022 31 July 2021 Charlty funds Restri¢led funds 18 n.450 921.305 45.277 821,906 Unreslricled funds 18 Totsl fund5 993.755 867. 177 The"entity was entrtled to exempkn"sYtsfromaudrt under section 477 of Ihe Companies Act 20(￿. The members have not required the enlity to oblairb an athlit for the period in quesiion in XCOTdance wth section 47601 Ihe Companies Acl 2006. H¢Jwever. ￿ a￿lIt is required in aeo)rdano with secirfm 144 of the Charities Act 2011. The Truslees acknowledge their responsi￿]itieS for complyiTrJ *ryth the requirements of the Ad viilh ￿SpeCt to accounting records and preP￿ti￿ of finanual slatements. The finanaal statements been wepared in ar£￿Ia￿e with the rmviS￿ns applicable to entilies subjecl to the small companies regine. The finarti tatemenls were approved and •JttKJrtse(I for issue by Ihe Trustees a￿1 signed on Ihetr behalf ty. R Portham (Chair of TnBtees) P Brown (Tru51ee) The notes on pages 16 10 35 form part of these financial sL￿ement Page 14 FOR¥iIARO DAY CENTRE LIMITED . *$(A conipany limited by.guarantee STATEMENT OF CASH FLOWS FOR THE PERIOD ENDED 31 MARCH 2022 2022 2021 Cash flows from operatlng athliies Nel cash used in OP8fating 8Ctivitss. note 21 150,752 131.369 Cash flows from Investlng actlvllles Purchase of langitr￿e fixed assels (13.093) (4,278) Net used In Invesdng a¢llvllies (13.093) (4,278) Cash Ilows from financin9 actsvities Repayments of borrowng (192.634) Net Cash provided byllused inl financing acli¥itW5 (192.634) Change In cash and ush ¢quivalents in the period Cash and cash equivalents at Ihe beginn￿￿ of Ihe period 137.6S9 (65.543) 420,624 355,081 Cash and ¢ash equivalents at tffft end of th• ye*- note 22 . 491740 355.081 The notes on pages 16 to 35 forn part of these ￿￿￿n0a1 slatemenis Page 15 FORWARD:DAY,CÉNTRE:LIMiTED , NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2022 General informatFon The charitable company was incorwated in England & Wales arKI the address.of Tts registered Offi￿ is Sl Margarets. MilMee( King's Ljrn. Norfolk. PE30 SEG. The charity ts also a company limited by guardnlee. In the event of the ehanty being wourKI up, the liability in respect of the guarantee 15 limited to £1 per member of the tharity. These financial statements are in respect of the 8 months ernled 31 March 2022. The previous period was for the 12 months ended 31 Juty 2021. counting poli¢l•s 2.1 Basis of preparation of fjnancial $talwn¢ T.he financial slatements have bèen .wepared.in.accordanee IMlh the Chwths SORP IFRS 1021- Accounting and Reporting by Chariti"es: statement.of Recommended Practice applicable to ¢harities preparing their accounts in accordance vmth the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) {published October 20191. the Finanaal Reporting Standard ap￿ble in Ihe UK and Republic of Ire*￿1 IFRS 1021 arwj the Companies Act 2006. Forward Day Centre Limited.meets Ihe definitKJn of a public t*nefft enlily under FRS 102. Assets and Ikabilit¢es are inib.ally recognised at hislorbcal cost OT Iransaction value unless otherwise stated in the rdevant accounting pjlicy. 2.2 Going concem. The accwnls have been Fwared on a gcing concern basis as Tn￿teeS believe that no materia unr£rtainlies exist. The Tntslees have considered the level of funds held and the level of expected income and expen¢Y1tiJ￿ fof the 12 monlhs from the date of signing these accounts and are s81isfied that Ihe charity will continue as a gjing conwn. 2.3 Incomtr Al income is recognised once the company has enbuement to Ihe inccmne. il is probable that the .incorne ￿lI.be received and the am¢)unt of income receiwdtAe can be measured reliably. For legaaes. entivement is iaken as the earlier of the date on eFther: the company is aware Ihat probate has been, granted. the estate ha5 been finalised and notrfication has been made by the execvtodsl to the Trust Ihai a dislribulion will be made. or wthen a distribulion is received from the estate. Receipt of a legacy. in whole or in part, is orty considered probable the amount be ..measured reliabty.and Ihe cornpany has been ryjlified of.the'execulc¢s intenti¢)n lo make a di51ribution. Where legaues have been notified lo the compar7y, or Ihe company is aware of the granting of probate. and the criteria for inc4)me Te￿I9n1t10n have nol been meL then the lega￿ is Ireated as a Contingenl asset and (ksdosed rf material. Page 16 jA""¢ompary:iiiniled.b'y..guaranteej NOTES TO THE FINANCIAL STATEMENTS FOR THE PERKID ENDED 31 IAARCH 2022 Accounting pohcies (corthiuedl 2.4 Expvndilure Exp8ndibJre is ¥ecognised On￿ therft B a Iggal or con5truclive obl￿ati￿ lo transfgr 0¢0￿mI¢ bgngfit to a third party, it is probable that a transfer of economic benefi15 will be required in settlemenl and the amount of the oblwJation (an be measured reliably. Expendiiure is classified by acb"vity. The costs of each actiwty are made up of the total of direct costs and shared costs. induding 5UPPOrt costs ,invofved in ￿nderta￿n9 each.acts¥ity. Direct costs attributable to a single adivity are"allO￿ted dIre￿Y to thal activty. Shared costs which contribute to more than one aclivity and support costs which are not attributable lo a single athity a￿ apFx)rtioned between those activities on a basis consistent with the use of resources. Central staff costs are al*,I:.j*,FORWARD DAY.'CENTRE LIMrrED.:*: '(A company liinited by guarantee)j&.,,; NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2022 Incorning resour￿$ from acti¥ilws for ynerating funds In¢omo from lundraising events Uniestricted funds 2022 Total funds 2022 Tol81 funds 2021 Room Hire Income Curriculwn Eniichmenl 915 915 1.169 1.169 1.926 2,084 1.926 Totsl 2021 1,926 1,926 Income from ffton charitable trading activities Unrestricted funds 2022 Total fvnds 2022 Tolal funds 2021 Vending Machine Incxrfne 173 ln Invtslment incom• Unrestricted lunds 2022 Total , funds. 2022 Total fvnds 2021 Bank Interest Receivable 75 75 2.249 Tolal 2021 2.249 2.249 Page 21 l& FORWARD DAY CEP4TrE LIMITED,:. -.tT.tr.. r*ot ' -'*y:jA conipaiiy limited by.guaranteè).' NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 IAARCH 2022 Anatysis of expendilure on ¢haritable a¢ti¥ibes Summary by fund type Unrestricl•d Restrict•d nds funds 2022 Total fvnds 2022 Tolal 2021 Micro Enlerprise Project Forward Day Centre 26.322 607.465 26.322 628.433 61,991 954,304 633.787 20.968 654.755 1,016,295 Total 2021 975.6f 40,635 1.016,295 An•lysls ol expendilure by actlvltles undertaken directy 2022 Support ¢ost$ 2022 Total funds 2022 . Tolal funds 2021 Mirxo Enterprise Project Forward Day Centre 26.322 477.824 26,322 628,433 61.991 954,304 150.609 504.146 150.609 654.755 1.016.295 Tof812021 807.838 208,457 1.016.295 Page 22 '.J'.tr.(A ¢oii)pany limited by,guaranteej}.,. NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2022 Analysis of exp•ndilur• by aclivrties (conlinued) Analysis of dire¢l costs li¢ro Enterprise Fonvard Projèct Day C•ntre 2022 2022 Total funds 2022 Total filnds 2021 Staff costs Depreoabon Rent & rates Motor & Iravel costs Legal & Professional fees Curriculum costs Client care & transport Bad debts Light & heat Repairs & Maintenance Olher establishmenl costs Training costs Mortgage interest & charges Covid-19 related costs 11.519 397.294 2.305 224 1,505 4.531 9.838 (2.357) 2.743 6,464 19.478 8.510 2.337 408.813 652,644 3.483 1T.541 2.938 794 &198 {1.053) 10.442 10,351 42. T61 13.373 375 13.731 34.260 10.580 10,804 1.505 4.531 (13571 2.743 8.024 21.365 9.286 2,337 1.887 776 24.953 24,953 26.322 477.825 $04.147 807,838 Total 2021 61,991 745.847 807,838 Page 23 . FORWAIiD DAY.:CENTIiE LIM￿ED :: P40TES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2022 Analysis of •xpenditure by a¢tivhles (¢¢nllnued) Analysis of supp¢xt costs Forward Day Centre 2022 Total funds 2022 Total fvnds 2021 Staff costs Depreciatson Rent & ral8S Office expenses Tdephone Light & heal Repairs & maintenar Other establishrnent costs Govemance costs 129,750 2,244 129,750 2.244 181.415 1680 141 1¢XJ 5.146 1.616 100 5.146 1.616 8.072 1.927 7,724 2.842 1,995 8.1 1,995 8.196 150.609 150.609 208,457 Tot812021 208,457 208.457 Supwt O)sis are fully alLxaled to the Forward Day Centre actmty. Governanc• costs Unrestricted funds 2022 Total funds 2022 Total fvnds 2021 Audit Fees Accountancy Fees Legal Fees 5.280 1.843 1.073 5.280 5.280 2,830 190 1.073 8.196 8,196 Page 24 ' FORWAFiD DAY CENTRE LIMITEC) i-.￿￿*:. . NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2022 10. Slaff Msts 2022 2021 Wages and salanes Soual security costs Contribution to defined ccffrtribution pension Schemes 480.$54 35.249 22.760 748.056 49.667 36,343 538.563 834,060 The average number of per$Tr￿ emplo￿ ty the company during the perithl was as follows.. 2022 2021 No. FoNrnrd and FLrtures project slaff Admini5tratron and supF*xt staff 41 47 No employee T￿1v￿ remunerats'on amountiiKJ to more Ihan £60.OtKJ in either year. Remuneralion aThJ benefits received by key management petson￿l M the 8 m￿th per￿ were £114,897 12021- £157,843). 4 emplo￿(2021 - 4> are deemed io be key management personnel. 11. Trustees. remunoratlon and expenses During ts per￿. no Tntstees re(*ived any rerwner*h?n. other benefits or expenses (2021 . none). 12. Taxallon The charitable company is exempt from tsx ￿ bts charitable actsvilies. Page 25 .IA ¢ompai)y.limited by.,.guarantee)""_"~', . NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 IAARCH 2022 13. Tangibl• fu•d as5*ts Short4erni F￿•￿Id leasehold Fixtures and Office propety propwty fittings •qulpment Total Cosl or valualion At 1 August 2021 Addiknons 421692 104.404 99.078 29224 13.093 656.398 13.093 At 31 March 2022 423,692 104A04 99,078 42.317 669.491 Depreciation At 1 August 2021 Charge f(ff Ihe pericKI 94.839 442 82.409 2.783 25,020 1.324 202.268 4.549 Ai 31 March 2022 95.281 85.192 26.344 206.817 Net b¢)ok value Al 31 March 2022 9.123 13.886 15.973 462.674 Al 31 July2021 423.692 9,565 1&669 454, 130 14. Deblors: Amounts falling due within one yoar 31 March 2022 31 July 2021 Tra(le debt￿S Prepayments arKI accrued inrAJme Grants receivab18 32.641 24,197 21.194 24,187 55,300 19.680 78.032 99,167 Page 26 FORWAFID DAY.:CENTRE UMITED. :; :, "￿.{A comi>any liiiiiteil by giiarantéèl:y..Js NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2022 15. Creditor5: Amounts falling due within one y 31 March 2022 31 July 2021 Trade creditors Oiher taxation and soryal se(wnty Olhei creditors Accruals and delertd ine4Jn 6.497 11.608 3.595 17.990 4,077 11,468 13.627 12.029 39,690 41.201 16. Pensi¢)n ¢ommilments The charity operates a defined contrthbon [￿￿10n scheme for emplo>ees. The assets ol the scheme are held seper8lely from those of the charity in an independently adminTrsle￿d fund. The pension cost chargg represents conlribulions payable by Ihe chaity to the lund and amounted lo £22.760 {2021 - £36.3431. Contributions lolalting £4,11412021 - £4.763) were payable to the fvnd al Ihe balance sheel dale and arg induded in ryedit￿s. 17. Rolated Party Transa¢tions No single Th￿rnber is able to exercise contr(A over ts dwity. The Trustee M Drake owed £Nd (2021 - £1.8251 at Ihe year end in relation to care provided to their son. No Ca￿ was provNJed duriryj Ihe FWKKJ WH1 an amount of £1,729 was written off in respect of (zre provtded in previous year5. Care provided to the son of the Trustee R Pcylham amounted lo £3.47812020 - £3.373). and at the year etKI Ihe balance irKluded wthin debt￿S ¥ras £739 (2021- £6541 Page 27 {* *FORWAf*"{A company limited by guarantèé)*.".::' NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2022 18. Ststemonl of funds Statement of fvnds - Current wiiod Balancg at 31 March 2022 Balance at 1 August 2021 Transfgrs inloul kncome Expendlture Unrestricted fvnds Designated funds Emergency Operating Reserve Fixed Ass&t Reserve Bu#ding Repair Fund Brickwork Fund Mi15lleet Refurbishments 140.000 454.131 23.409 22.362 140,000 462.673 23.161 22.362 36,115 8,542 1248) 36.115 639.902 (248) 684.311 Ggngral funds General Funds- all funts 182.1)04 733.588 1633.941) (44.657) 236.994 Totsl Unrestricted funds 821.906 733.588 (64189) 921.305 Page 28 .*". FORWARD DAY.CENTrE UMITED ii*'jA-¢ompany.limiled by guaranleel:,.,. NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2022 18. Statemonl of funds (¢ontmued) Balance at 31 Marrh 2022 Balanrp at 1 August 2021 TrnD$fers inlout . kncome Expenditure Restrided funds ForyRrd momentum Grant Autismltoilets Grant Scfe%rfix toilet refu￿rshment Gfanl ' Tthvn centre premtse5 Graftt Soundbeam Grant Loft Insulation Giant Helping People into V￿Untary Work Funky Gift Shop Grant Magic Carpet Interactive Flooring Grant Milfieet Access Gale Grant Milfleet New T￿le1 Grant IT Equipment Fund Infectron Control Fund (3.000} 4,500 5.000 16.194 5.000 16.194 1,315 1.493 11781 {511 4600 7.847 4.600 7.490 1357) 4422 473 (1.094) (473) 1327) (72) (15.416) 3.328 1.139 342 414 24.047 19A53 28.084 45271 48.147 (20.968) Total of funds 867.177 781.735 1655.157) 993,755 Page 29 FORVIARtI:DAY.CENTIIE'LIMtrED-.4+£.,.:_ NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2022 18. Slatement of fvnds (cclntinued The Emergency operatsng reserve was eslabfished tt) cover ts operating expenses foi a period of 2 months in the events of a signfficanl drop in Inco￿￿. The Fixed Asset reserye reTYesents Ihe balance of unrestricted reserves attributable to the investment in fixed a&5ets less bank funding used to a(4uire f￿hOtr3 wopety. The*￿Ild1r￿j repa￿ fvnd has,been designated kn.the re￿en￿l ofthe W￿￿ow5 al MiimeeL The brickvth fund has been designaled the repair work to the bric*work at ￿lffleet The Millfleet refurbishments fijnd has been despjnated for refurbishments of the Millfteet toilets and the Creation of a large sensory room. The 'soundbeam tund .has been eslai4ished ty way of a grant towards the purchase of soundbeam equipment. The loft insulation.funEI h8s beeTr.establi5hed by way of a grant ttywards loft insulationat MilneeL The Hdping people into volunlay work lur)d was receNed from Norfc4k CorrmuThty Foundalton lo cover research into the placements and tr* cost of SUPE￿rt slaff to enable people to tske up volunlary aeemenls within Ihe communrty. The funky gfft shop fund was received to convert the front bbby area of Millfleet into a grft shop where members can sell items they make. and gifts thal they wru choose fr(xn wholesalers lo Ihe general publi The magic carpet interaclive l1(m￿ grant was received to provKle equipment to support grojp interact*Jn. The Milfteel access gate grant was receTrveif lo inslall a k￿Ing medwnv4m to Ihe gate at the entrance of the back car park. The Millleet'new lodet grant was received to ¢￿vert.an wusable part of Milfieel into an acce5S toilel. The IT equipmenl fund received to a￿81 in prcKurin9 compuler equipment. The Infection Control Fund giant was re￿1Ved from Norfolk County Cwncil in response to the. Cov*J-19 pandemic and seNes lo cA)ver cosls in resFect of tesling Covid-19 and ensurin9 praclices comply with the relevant govemmenl guidan The Fon¥ard Momentum Grant fund was to start a project to support young peop￿ aged eighteen and over by providing guidarte and wcffk experience to suprrfxt them tr)wards employmenL The Screwfix loiEet refurbishmenl Grant fund was opened folk)wing receipt of a grant from Screwfix to put towards rr￿leM[SIng Ihe t(#lets in the Maifteet main room. The Town Centre Premises fund grant was receNed .in order lo fund the lease and devebpment of a tr8t1ing premises in Kings Lynn lown centre. Pagè 30 4t FORWARD DAY CEPITRE LIMfTEI)"' .,IA coffipany limited by'guaranieel IA: "'1.4*-¥'4 NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2022 18. Stalemenl of funds Icontinuad) Statement of funds - prior period BalanGe at 1 Augusl 2020 Trnnsfers Balance at inlout 31 July 2021 Inrnme Expenditu .Unr•strlct•d funds Des19r￿ted funds Emergency Operating Reseprfe Fixed Asset Reserve Building Repair FUNJ Brickwo￿ Fund t40,￿ 263.963 23.622 29.4rx) 140.000 454. 131 23.409 22,362 190. 168 (213) (7.038) 456.985 (7.251) 790.168 639.902 General fund$ General Funds - all furKIs 276.426 1.064.918 (969, 172) {190.168) 182,GQ4 Total Unrestricted funds 733.471 1.064.918 (976.423) 821.906 Page 31 *i.¥FORWARD.:DAY_CENTRE',LlhliTÉD'. '¢oini>aiiy.'!iTiirted't+y. guarantee'j.-- NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 IWICH 2022 SLilem•nt of funds (continuodl l August 2020 Transfers Balance al inloul 31 July 2021 Ints)me Expenditure R•striclod lunds So￿lbearn Grant LOft.Ins￿a￿0n Grant Helping Pe(* into Volunlary Work Funky Gift Slw Grant Magic ca￿et Interactive Flooring Grant .Milfteet Access Gate Grant Milfteet New Totet Granl rr Equipment Fund Infecticm Control Fund (411) (103) 1,493 509 612 4.600 7,847 8.425 (578) (1,4741 (232) (1.090} (86) (36,661) 4.422 473 705. 2.556 1,466 414 24.047 60,708 24.698 61.208 (40.635) 45.271 Total of funds 758.109 1.126. 126 (1.017.058) 867. 177 Page 32 ' FORWARD DAY CENTRE LIMITED:, IA ¢oinpany limited by.guaranteel NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2022 19. Summary of funds Summary of funds - curr•nt P•Tiod Balance at 31 hqarch 2022 atl August 2021 Transfers inloul Exponditur• Oesignated funds General funds 639.902 182.004 45271 (2481. {633.9411 120.968) 44.657 {44.6571 684.311 236.994 72.450 733.588 48.147 Restricted fvnds B67.177 781.735 1655.157) 993,755 Summary of funds- prlor perlod Balance at 1 August 2020 Income Expenditure Ttwysfers Balance 8t. 31 July 2027 Designated fvnds General frJn(Is Restricted funds 456,985 276.426 24.698 f7.251) {969. 172) {40.635) 190,t68 (190. 168) 639,902 182.004 45.271 1.064.918 61.208 758. 109 1. 126. 126 (1.017,058) 867. 177 20. Anatysis of net assets betwe￿ funds Amalysis of not assets between funds- current period UnrestrlGted Restrlcted furHIs funds 31 Mar¢h 31 March 2022 2022 Total funds 31 March 2022 Tangible fixed assets Current assets Credit￿$ due Ithin year . 438.1x16 521,184 (37.885) 24,667 49.588 (1.805) 462,673 570,772 139.690) Totsl 921.305 72,450 993,755 Page 33 ."FORWARD i)AY CENTRE LIMffED NOTES TO THE FINANCIAL STATEMENTS FOR THE PERK)D ENDED 31 MARCH 2022 Analysi$ of net assets belween funds I￿nI￿￿ed) Analysis of net assets l)etween funds. wior peTi¢xI Unrestricted Restricted tunds funds 31 July 31 Juty 2021 2021 Total funds 31 July 2027 Tangible fixed assets Current assets 437.575 425.530 (41. 199J 16.555 28.716 454.130 454,246 (41, 199) Creditors due wlhin one year Total 821,906 45.271 867, 1TI 21. Reconci￿atIon of net movement in funds to net cash Ilow from ¢)perating actlvllles 31 Alarch 2022 31 Juty 2027 Net irujme lor the periLMJ (as per Slatement of Finanrial A{Arvi￿> 126.577 109,068 Adju5trnents for- Depreciation charges Decreasellincreasel in debttNS Increas81(decreasel in creditors 7, 161 4.222 10,918 21.135 (1.S11> Net provided by operating •¢bvitses 150,750 731.369 22. Anatysis of cash aTNI cash equivalents 31 March 2022 31 July 2021 Cash in hand 492,740 355.081 Tolal ¢ash and cash ¢quivahnts 492.740 355,081 Page 34 ':FORWARD:DAY._CÈNTRE.:LIMITED P.F'%;'.IA'-¢ompa.ny."liinitecf.by;-'guarantèe'j*., NOTES TO ThE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2022 23. Anal￿15 of changes in net debt At 1 August 2021 Cash flows At 31 March 2022 Cash at bank and in haTrl 35S081 137,659 492.740 355.081 137.659 492.740 24. Posl balance sheet •v¢rrts Since the year end the company has entered nto a significant operating lease. The.lease term is 5.yeaYs with an annual rental commitment of £24.(X)O for the first 2 Fars and £36,C￿0 for Ihe remaining 3 year5. both inclU￿Ve of irrec¢)vernble VAT. Page 35