``` REGISTERED COMPANY NUMBER: 04677597 (England and Wales) REGISTERED CHARITY NUMBER: 1097757 ``` ## **`REPORT OF THE TRUSTEES AND`** ``` UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 ``` ``` FOR ``` ``` SKEGNESS DAY CENTRE LIMITED ``` ``` SKEGNESS DAY CENTRE LIMITED ``` ``` CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 ``` |||**`Page`**|| |---|---|---|---| |**`Reference and Administrative Details`**||`1`|| |**`Report of the Trustees`**|`2`|`to`|`3`| |**`Independent Examiner's Report`**||`4`|| |**`Statement of Financial Activities`**||`5`|| |**`Statement of Financial Position`**||`6`|| |**`Notes to the Financial Statements`**|`7`|`to`|`12`| ``` SKEGNESS DAY CENTRE LIMITED ``` ``` REFERENCE AND ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 31 MARCH 2023 ``` ``` TRUSTEESM Allen Chairman P N McCooey Chartered Accountant Mrs T Hill Wills And Probate Specialist P Hayes Civil Servant S Perera Chartered Physiotherapist REGISTERED OFFICE27-29 Lumley Avenue Skegness Lincolnshire PE25 2AT REGISTERED COMPANY NUMBER 04677597 (England and Wales) REGISTERED CHARITY NUMBER 1097757 INDEPENDENT EXAMINERKeith May Accounting Services Aura Business Centre Heath Road Skegness Lincolnshire PE25 3SJ ``` ``` Page 1 ``` ``` SKEGNESS DAY CENTRE LIMITED ``` ## **`REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2023`** ``` ThetrusteeswhoarealsodirectorsofthecharityforthepurposesoftheCompaniesAct2006,presenttheirreportwith the financialstatementsof the charityforthe yearended 31 March2023.The financialstatementshavebeen preparedin accordance withtheAccountingandReportingbyCharitiesstatementofRecommendedPracticeapplicabletocharitiespreparing their accountsin accordancewith the FinancialReportingStandard for Smaller Entities published on 16 July 2014, the Financial Reporting Standard for Smaller Entities (effective January 2015), the Charities Act 2011 and the Companies Act 2006. ``` ## **`OBJECTIVES AND ACTIVITIES`** ## **`Objectives and aims`** ``` The objectives of the charity are: - ``` ``` "amulti-purposedaycentre…forthereliefofsociallyisolatedpersonsofSkegnessandtheneighbourhoodtheretoand by associatingvoluntaryorganisationsandthelocalstatutoryauthoritiesinacommoneffortorotherwiseshallbeusedto provide facilitiesintheinterestsofsocialwelfareorrecreationandotherleisure-timeoccupationwiththeobjectofimproving the conditionsof life for such persons to provide meals and refreshmentsfor such persons in need whether financiallyor otherwise and for such other purposes for the welfare of such persons as now are or hereafter may be deemed by law to be charitable". ``` ``` TheDayCentreisconstantlyworkingtointroduceagreaternumberofsociallyisolatedpeopleinruralandcoastalareasto our services, which so many of our members already enjoy. ``` ``` TheSkegnessDayCentrecontinuestoundertakevariousfundraisingactivitiestoraiseadditionalfundstosupport operational costs. ``` ## **`Public benefit`** ``` Whenreviewingthecharitablecompany'sobjectivesandaims,andinplanningfutureactivities,thetrusteeshaveconsidered the Charity Commission's general guidance on public benefit. ``` ## **`ACHIEVEMENT AND PERFORMANCE`** ``` Details of the activities are as noted above. ``` ``` We can provide day care for 45 clients, at present we provide for 25 to 30 per day. ``` ``` The Day Centre has been in operation for 35 years. ``` ``` The uniqueness of our centre is its strength and is second to none to any other services offered in the area. ``` ``` Motivated highly trained staff with long service records. ``` ``` Improving the health and well-being of clients who attend. ``` ## **`FINANCIAL REVIEW`** ``` Thenet increaseto the fundsforthe periodamountedto £44,305(2022:reduction£32,052).Ofthisamount£Nil(2022:£Nil) are attributabletorestrictedactivitiesand£44,305areattributabletounrestrictedfunds(2022:attributedfromunrestricted funds -£32,052). ``` ## **`Reserves policy`** ``` Itisthepolicyofthecharitytomaintainunrestrictedfundstoprovidesufficientfundstocovermanagementand administration costsand to covercentre-runningcostsin the event of fundraisingshortfalls.The Trusteesestimateit is prudentto hold in reserve twoyears'operatingcostswhichequatesto approximately£500,000to coverDayCentreoperations.At 31 March2023it held a total of £671,032 in reserves. ``` ## **`STRUCTURE, GOVERNANCE AND MANAGEMENT`** ## **`Governing document`** ``` ThecharitablecompanywasestablishedunderaMemorandumofAssociation,whichestablishedtheobjectsandpowersof the charitable company and is governed under its Articles of Association. ``` ``` Page 2 ``` ``` SKEGNESS DAY CENTRE LIMITED ``` ## **`REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2023`** ## **`STRUCTURE, GOVERNANCE AND MANAGEMENT`** ## **`Recruitment and appointment of new trustees`** ``` Themembersoftheboardofdirectorsarethetrusteesforthepurposeofcharitylawandarecollectivelyreferredtoas the trustees. ``` ``` The trustees,who are directorsfor the purpose of companylaw and trustees for the purpose of charitylaw, who served during the period and up to the date of this report are set out on page 1. ``` ``` Prospectivetrusteesareinvitedby the BoardofTrusteesto applyfora positionon the Board.A CriminalRecordBureaucheck is performed and if acceptable they are then appointed by voting en bloc. ``` ``` All trustees give their time freely and no trustee remuneration was paid in the year. ``` ``` Membersof the charitablecompanyguaranteeto contributean amountnot exceeding£1 to the assetsof the charitable company in the event of winding up. The total number of such guarantees at 31 March 2023 was 75 (2022: 75). ``` ## **`Organisational structure`** ``` ADayCentreManagerrunsthecentreonaday-to-daybasisandtheboardofdirectorsmeetsonaregularbasisto review operations and develop future strategy. ``` ## **`COMMENCEMENT OF ACTIVITIES`** ``` The organisationis a charitablecompanylimited by guarantee,incorporatedon 25 February2003 and registeredas a charityon 30 May 2003.Priorto this the SkegnessDay Centre(charitynumber517961)operatedas an unincorporatedcharityuntil 31 October 2003.From1November2003thecharityoperatedasacompanylimitedbyguaranteewhenthefundsofthe unincorporated charity were transferred to the company. ``` ``` ThisreporthasbeenpreparedinaccordancewiththespecialprovisionsofPart15oftheCompaniesAct2006relatingto small companies. ``` ``` Approved by order of the board of trustees on 31 January 2024 and signed on its behalf by: ``` ``` M Allen - Trustee ``` ``` Page 3 ``` ``` INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF SKEGNESS DAY CENTRE LIMITED ``` ## **`Independent examiner's report to the trustees of Skegness Day Centre Limited ('the Company')`** ``` I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2023. ``` ## **`Responsibilities and basis of report`** ``` Asthecharity'strusteesoftheCompany(andalsoitsdirectorsforthepurposesofcompanylaw)youareresponsiblefor the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act'). ``` ``` HavingsatisfiedmyselfthattheaccountsoftheCompanyarenotrequiredtobeauditedunderPart16ofthe2006Actand are eligiblefor independentexamination,I reportin respectof my examinationof yourcharity'saccountsas carriedout under Section 145oftheCharitiesAct2011('the2011Act').IncarryingoutmyexaminationIhavefollowedtheDirectionsgivenbythe Charity Commission under Section 145(5) (b) of the 2011 Act. ``` ## **`Independent examiner's statement`** ``` I have completedmy examination.I confirmthat no mattershave come to my attentionin connectionwith the examination giving me cause to believe: ``` `1. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or` `2. the accounts do not accord with those records; or` `3. the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or` `4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).` ``` I have no concernsand have come across no other matters in connectionwith the examinationto which attentionshould be drawn in this report in order to enable a proper understanding of the accounts to be reached. ``` ``` Keith May ACMA CGMA ``` ``` Keith May Accounting Services Aura Business Centre Heath Road Skegness Lincolnshire PE25 3SJ ``` ``` 31 January 2024 ``` ``` Page 4 ``` ``` SKEGNESS DAY CENTRE LIMITED ``` ## **`STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2023`** |`Unrestricted`
`funds`
`Notes`
`£`
**`INCOME AND ENDOWMENTS FROM`**
`Donations and legacies`
`2`
`63,130`
**`Charitable activities`**
`5`
`Charitable activities`
`41,876`
`Other trading activities`
`3`
`2,329`
`Investment income`
`4`
`13,652`
`Other income`
`89,443`
**`Total`**
`210,430`
**`EXPENDITURE ON`**
**`Charitable activities`**
`Governance costs`
`24,989`
`Charitable activities`
`118,382`
`Costs of generating funds`
`1,081`
**`Total`**
`144,452`
**`NET INCOME/(EXPENDITURE)`**
`65,978`
**`Other recognised gains/(losses)`**
`Gains/(losses) on revaluation of fixed assets`
`(21,673)`
**`Net movement in funds`**
`44,305`
**`RECONCILIATION OF FUNDS`**
`Total funds brought forward`
`626,727`
**`TOTAL FUNDS CARRIED FORWARD`**
`671,032`|`Restricted`
`funds`
`£`
`-`
`-`
`-`
`-`
`-`
`-`
`-`
`-`
`-`
`-`
`-`
`-`
`-`
`-`
`-`|`2023`
`Total`
`funds`
`£`
`63,130`
`41,876`
`2,329`
`13,652`
`89,443`
`210,430`
`24,989`
`118,382`
`1,081`
`144,452`
`65,978`
`(21,673)`
`44,305`
`626,727`
`671,032`|`2022`
`Total`
`funds`
`£`
`1,059`
`58,256`
`2,294`
`13,268`
`3,645`
`78,522`
`24,629`
`118,145`
`399`
`143,173`
`(64,651)`
`32,599`
`(32,052)`
`658,779`
`626,727`| |---|---|---|---| ``` The notes form part of these financial statements ``` ``` Page 5 ``` ``` SKEGNESS DAY CENTRE LIMITED (REGISTERED NUMBER: 04677597) ``` ## **`STATEMENT OF FINANCIAL POSITION 31 MARCH 2023`** |`Notes`
**`FIXED ASSETS`**
`Tangible assets`
`9`
`Investments`
`10`
**`CURRENT ASSETS`**
`Debtors`
`11`
`Cash at bank and in hand`
**`CREDITORS`**
`Amounts falling due within one year`
`12`
**`NET CURRENT ASSETS`**
**`TOTAL ASSETS LESS CURRENT LIABILITIES`**
**`NET ASSETS`**
**`FUNDS`**
`13`
`Unrestricted funds`
**`TOTAL FUNDS`**|`Unrestricted`
`funds`
`£`
`51,316`
`504,475`
`555,791`
`3,581`
`120,914`
`124,495`
`(9,254)`
`115,241`
`671,032`
`671,032`|`Restricted`
`funds`
`£`
`-`
`-`
`-`
`-`
`-`
`-`
`-`
`-`
`-`
`-`|`2023`
`Total`
`funds`
`£`
`51,316`
`504,475`
`555,791`
`3,581`
`120,914`
`124,495`
`(9,254)`
`115,241`
`671,032`
`671,032`
`671,032`
`671,032`|`2022`
`Total`
`funds`
`£`
`60,493`
`548,006`
`608,499`
`3,669`
`39,769`
`43,438`
`(25,210)`
`18,228`
`626,727`
`626,727`
`626,727`
`626,727`| |---|---|---|---|---| ``` ThecharitablecompanyisentitledtoexemptionfromauditunderSection477oftheCompaniesAct2006fortheyear ended 31 March 2023. ``` ``` Themembershavenotrequiredthecompanytoobtainanauditofitsfinancialstatementsfortheyearended31March2023 in accordance with Section 476 of the Companies Act 2006. ``` ``` The trustees acknowledge their responsibilities for ``` - `(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and` - `(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.` ``` These financialstatementshave been prepared in accordancewith the provisionsapplicableto charitablecompaniessubject to the small companies regime. ``` ``` ThefinancialstatementswereapprovedandauthorisedforissuebytheBoardofTrusteesandauthorisedforissue on 31 January 2024 and were signed on its behalf by: ``` ``` M Allen - Trustee ``` ``` The notes form part of these financial statements ``` ``` Page 6 ``` ``` SKEGNESS DAY CENTRE LIMITED ``` ## **`NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023`** ## **`1. ACCOUNTING POLICIES`** ## **`Basis of preparing the financial statements`** ``` The financialstatementsof the charitablecompany,whichis a publicbenefitentityunder FRS 102,havebeen prepared in accordancewiththeCharitiesSORP(FRS102)'AccountingandReportingbyCharities:Statementof Recommended Practiceapplicabletocharitiespreparingtheiraccountsin accordancewiththeFinancialReportingStandardapplicable in theUKandRepublicofIreland(FRS102)(effective1January2019)',FinancialReportingStandard102'The Financial ReportingStandardapplicableintheUKandRepublicofIreland'andtheCompaniesAct2006.Thefinancial statements havebeen preparedunder the historicalcostconvention,withthe exceptionof investmentswhichare includedat market value, as modified by the revaluation of certain assets. ``` ## **`Income`** ``` All income is recognisedin the Statementof FinancialActivitiesonce the charityhas entitlementto the funds, it is probable that the income will be received and the amount can be measured reliably. ``` ## **`Expenditure`** ``` Liabilitiesare recognisedas expenditureas soon as there is a legal or constructiveobligationcommittingthe charityto that expenditure,itisprobablethatatransferofeconomicbenefitswillberequiredinsettlementandtheamountof the obligationcanbemeasuredreliably.Expenditureisaccountedforonanaccrualsbasisandhasbeenclassified under headingsthataggregateallcostrelatedtothecategory.Wherecostscannotbedirectlyattributedtoparticular headings they have been allocated to activities on a basis consistent with the use of resources. ``` ## **`Tangible fixed assets`** ``` Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. ``` ``` Land and property- not provided Improvements to property- Straight line over 25 years Office equipment- 25% on reducing balance ``` ## **`Taxation`** ``` The charity is exempt from corporation tax on its charitable activities. ``` ## **`Fund accounting`** ``` Funds held by the charity are either: ``` ``` Unrestrictedfunds - these are funds which can be used in accordancewith the charitableobjectivesat the discretionof the trustees. ``` ``` Designatedfunds- thesearefundsset asideby the trusteesoutofunrestrictedgeneralfundsforspecificfuture purposes or projects. ``` ``` Restrictedfunds - thesescan onlybe used forparticularrestrictedpurposeswithinthe objectsof the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. ``` ``` Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. ``` ## **`Hire purchase and leasing commitments`** ``` RentalspaidunderoperatingleasesarechargedtotheStatementofFinancialActivitiesonastraightlinebasisover the period of the lease. ``` ## **`Pension costs and other post-retirement benefits`** ``` Thecharitablecompanyoperatesadefinedcontributionpensionscheme.Contributionspayabletothe charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate. ``` ## **`Investments`** ``` Investmentsarestatedat marketvalueas at the statementoffinancialpositiondate.Thestatementoffinancial activities includes the net gains and losses arising on revaluation and disposals throughout the year. ``` ## **`Gains and losses`** ``` continued... ``` ``` Page 7 ``` ``` SKEGNESS DAY CENTRE LIMITED ``` ## **`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023`** ## **`1. ACCOUNTING POLICIES - continued`** ## **`Investments`** ``` All gainsand lossesare takento the statementof financialactivitiesas they arise.Realisedgainsand losseson investment are calculatedas the differencebetween sale proceedsand open market value at prior year end (or purchasedate if later). Unrealisedgains and losses are calculatedas the differencebetween the market value at the year end and opening market value (or purchase date if later). ``` ## **`2. DONATIONS AND LEGACIES`** |**`2.`**|**`DONATIONS AND LEGACIES`**||| |---|---|---|---| |||`2023`|`2022`| |||`£`|`£`| ||`Donations`|`4,035`|`1,059`| ||`Legacies`|`59,095`|`-`| |||`63,130`|`1,059`| |**`3.`**|**`OTHER TRADING ACTIVITIES`**||| |||`2023`|`2022`| |||`£`|`£`| ||`Fundraising events`|`2,329`|`2,294`| |**`4.`**|**`INVESTMENT INCOME`**||| |||`2023`|`2022`| |||`£`|`£`| ||`Income from Investments`|`13,618`|`13,268`| ||`Deposit account interest`|`34`|`-`| |||`13,652`|`13,268`| |**`5.`**|**`INCOME FROM CHARITABLE ACTIVITIES`**||| |||`2023`|`2022`| |||`Charitable`|`Total`| |||`activities`|`activities`| |||`£`|`£`| ||`Client fees`|`30,862`|`29,127`| ||`Shop income`|`261`|`234`| ||`Kitchen sales and staff dinner`|`155`|`120`| ||`Grants`|`10,598`|`28,775`| |||`41,876`|`58,256`| |**`6.`**|**`NET INCOME/(EXPENDITURE)`**||| ||`Net income/(expenditure) is stated after charging/(crediting):`||| |||`2023`|`2022`| |||`£`|`£`| ||`Depreciation - owned assets`|`4,067`|`6,651`| ||`Other operating leases`|`6,185`|`5,400`| ||`Surplus on disposal of fixed assets`|`(86,809)`|`-`| ``` continued... ``` ``` Page 8 ``` ``` SKEGNESS DAY CENTRE LIMITED ``` ## **`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023`** ## **`7. TRUSTEES' REMUNERATION AND BENEFITS`** ``` Therewerenotrustees'remunerationorotherbenefitsfortheyearended31March2023norfortheyear ended 31 March 2022. ``` ``` The trustees gave freely of their time and expertise. ``` ## **`Trustees' expenses`** ``` There were no trustees' expenses paid for the year ended 31 March 2023 nor for the year ended 31 March 2022. ``` ## **`8. STAFF COSTS`** ``` The average monthly number of employees during the year was as follows: ``` ## **`9.`** |`Centre running`
`No employees received emoluments in`
**`TANGIBLE FIXED ASSETS`**
**`COST`**
`At 1 April 2022`
`Additions`
`Disposals`
`At 31 March 2023`
**`DEPRECIATION`**
`At 1 April 2022`
`Charge for year`
`At 31 March 2023`
**`NET BOOK VALUE`**
`At 31 March 2023`
`At 31 March 2022`|`excess of £60,000.`
`Improvements`
`Land and`
`to`
`property`
`property`
`£`
`£`
`11,403`
`138,944`
`-`
`-`
`(11,403)`
`-`
`-`
`138,944`
`-`
`95,170`
`-`
`2,100`
`-`
`97,270`
`-`
`41,674`
`11,403`
`43,774`|`2023`
`8`
`Fixtures`
`and`
`Office`
`fittings`
`equipment`
`£`
`£`
`1,489`
`21,471`
`2,309`
`3,984`
`-`
`-`
`3,798`
`25,455`
`-`
`17,644`
`152`
`1,815`
`152`
`19,459`
`3,646`
`5,996`
`1,489`
`3,827`||`2022`
`8`
`Totals`
`£`
`173,307`
`6,293`
`(11,403)`
`168,197`
`112,814`
`4,067`
`116,881`
`51,316`
`60,493`| |---|---|---|---|---| |||||| |||||| |||||| |||||| |||||| ``` Fixed assets are held at cost less depreciation. ``` ``` The surplus on disposal of fixed assets relates to the sale of some land that housed a garage that was no longer in use. ``` ``` continued... ``` ``` Page 9 ``` ``` SKEGNESS DAY CENTRE LIMITED ``` ## **`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023`** ## **`10. FIXED ASSET INVESTMENTS`** |**`MARKET VALUE`**
`At 1 April 2022`
`Income`
`Disposals`
`Revaluations`
`At 31 March 2023`
**`NET BOOK VALUE`**
`At 31 March 2023`
`At 31 March 2022`
`The investment portfolio includes global securities.`
**`11.`**
**`DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR`**
`Other debtors`
`Prepayments`
**`12.`**
**`CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR`**
`Other creditors`
`Accrued expenses`
**`13.`**
**`MOVEMENT IN FUNDS`**
**`Unrestricted funds`**
`General fund`
`Designated`
**`TOTAL FUNDS`**|`Listed`
`investments`
`£`
`548,006`
`13,617`
`(35,476)`
`(21,672)`
`504,475`
`504,475`
`548,006`
`2023`
`2022`
`£`
`£`
`47`
`389`
`3,534`
`3,280`
`3,581`
`3,669`
`2023`
`2022`
`£`
`£`
`4,092`
`3,163`
`5,162`
`22,047`
`9,254`
`25,210`
`Net`
`movement`
`At`
`At 1.4.22`
`in funds`
`31.3.23`
`£`
`£`
`£`
`78,721`
`19,310`
`98,031`
`548,006`
`24,995`
`573,001`
`626,727`
`44,305`
`671,032`
`626,727`
`44,305`
`671,032`| |---|---| ``` continued... ``` ``` Page 10 ``` ``` SKEGNESS DAY CENTRE LIMITED ``` ## **`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023`** ## **`13. MOVEMENT IN FUNDS - continued`** ``` Net movement in funds, included in the above are as follows: ``` |**`Unrestricted funds`**
`General fund`
`Designated`
**`TOTAL FUNDS`**|`Incoming`
`resources`
`£`
`196,812`
`13,618`
`210,430`
`210,430`|`Resources`
`expended`
`£`
`(133,976)`
`(10,476)`
`(144,452)`
`(144,452)`|`Gains and`
`Movement`
`losses`
`in funds`
`£`
`£`
`(43,526)`
`19,310`
`21,853`
`24,995`
`(21,673)`
`44,305`
`(21,673)`
`44,305`|`Gains and`
`Movement`
`losses`
`in funds`
`£`
`£`
`(43,526)`
`19,310`
`21,853`
`24,995`
`(21,673)`
`44,305`
`(21,673)`
`44,305`| |---|---|---|---|---| |||||`44,305`| |||||`44,305`| ## **`Comparatives for movement in funds`** |**`Unrestricted funds`**
`General fund`
`Designated`
**`TOTAL FUNDS`**|`Net`
`movement`
`At 1.4.21`
`in funds`
`£`
`£`
`104,419`
`(25,698)`
`554,360`
`(6,354)`
`658,779`
`(32,052)`
`658,779`
`(32,052)`|`At`
`31.3.22`
`£`
`78,721`
`548,006`| |---|---|---| |||`626,727`| |||`626,727`| ``` Comparative net movement in funds, included in the above are as follows: ``` |`Incoming`|`Resources`|`Gains and`|`Movement`| |---|---|---|---| |`resources`|`expended`|`losses`|`in funds`| |`£`|`£`|`£`|`£`| |**`Unrestricted funds`**|||| |`General fund`
`65,254`|`(135,952)`|`45,000`|`(25,698)`| |`Designated`
`13,268`|`(7,221)`|`(12,401)`|`(6,354)`| |`78,522`|`(143,173)`|`32,599`|`(32,052)`| |**`TOTAL FUNDS`**
`78,522`|`(143,173)`|`32,599`|`(32,052)`| |`A current year 12 months and prior year 12 months combined position is as follows:`|||| |||`Net`|| |||`movement`|`At`| ||`At 1.4.21`|`in funds`|`31.3.23`| ||`£`|`£`|`£`| |**`Unrestricted funds`**|||| |`General fund`|`104,419`|`(6,388)`|`98,031`| |`Designated`|`554,360`|`18,641`|`573,001`| ||`658,779`|`12,253`|`671,032`| |**`TOTAL FUNDS`**|`658,779`|`12,253`|`671,032`| ``` continued... ``` ``` Page 11 ``` ``` SKEGNESS DAY CENTRE LIMITED ``` ## **`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023`** ## **`13. MOVEMENT IN FUNDS - continued`** ``` A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows: ``` |**`Unrestricted funds`**
`General fund`
`Designated`
**`TOTAL FUNDS`**|`Incoming`
`resources`
`£`
`262,066`
`26,886`
`288,952`
`288,952`|`Resources`
`expended`
`£`
`(269,928)`
`(17,697)`
`(287,625)`
`(287,625)`|`Gains and`
`Movement`
`losses`
`in funds`
`£`
`£`
`1,474`
`(6,388)`
`9,452`
`18,641`
`10,926`
`12,253`
`10,926`
`12,253`| |---|---|---|---| ``` The unrestricted funds are available for the Trustees to use in accordance with the charitable objects. ``` ``` The designatedfund (the legacy)is investedto providea permanentsourceof incomefor the charity.Investingthe legacy providesa growingincome.Althoughthis wouldnot dramaticallychangethe presenttotalincomeof the charity,it would make a big difference to the amount of investment income of the charity. ``` ## **`14. RELATED PARTY DISCLOSURES`** ``` Mr P McCooeywhois a trusteeof the charityis alsoa directorin Duncanand Topliswhoprovideaccountancyservices to the charity. Transactions for the year totalled £6,330 (2022 £5,889) ``` ## **`15. ULTIMATE CONTROLLING PARTY`** ``` The charitable company is controlled by the trustees. ``` ``` Page 12 ```