REGISTEREDCOMPANV NUMBEP.. Oq677597 (Eniland and Wales1 REGISTEREDCHARITY NUMbER.. 1097757 REPORTOF THE TRUSTEesAND U14AUDThED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 FOR 5KEGNES5 DAYCEiifRE LIMITED
5KE6NES5 DAYCENTRE UMITED CONTENTS OF THE FIt4ANCIAL STATEMENTS FOR ThEYEAR EPIDED 31 MARCH 2024 Pa8e IiÈfererKe and Adminisiratlve Deiaiis Reportof the Trustses Independent Examlner's Report Statementof Hh•ndal Adlvltles ststement of Flnancial Pasltlon Not•5tothe Flrbandal Stateiiie•is 7 to IZ
SKEGNESS DAY CENTRE UMITED REFERENCE AND ADMINISTRAMVE OETAIiS FOR THE YEAR ENDED 31 MARCH 20Z4 TRUSTEES M Allen Chairman P N Mccooey Chartered Accountant Mrs T Hill Wills And Probate Specialist P Hayes Civil Setvant 5 Perera Chartered phY0therapISr REGisfERED OFFICE 27-29 Lumley Avenue Ske8iie55 PE25 2AT REGi¥fEREDCOMPANY NUMBER 04677597 IEn8land and Walesl REGISTERED CHARfn NUMBER 1097757 INDEPENDENT EWAINER Keith May AcwuntinR 5eNices Aura Business Centre Heath Road Skegnes5 PE25 35J Page I
SKEGIIESS DAY CENTRE Um0 REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 The trustees who are also director5 Of the charity for the purpose5 of the Companie5 Ad Z006, pre5Ent their report with the financi31 statements of the charity for the year ended 31 March 2023. The financial statements have been prepared in accordance with the Accounting and ReportinÉ by Charitie5 Statemenr of Recommended Practice applicable to charitie5 preparin8 their account5 ir? accordance with the Financial Reporting Standard for Smaller Entities published on 16July 2014, the Financi31 Reportln8 Standard forsmaller Entities leffecti¥eJanuary 20151. the Charities Act ZOII and the Companie5 Act 2W6. 08JECTWES AND ACTIVITrES Objectives and alms The objectives of the charity are.. 'a multi-purpose day centre .foT the relief of socially i5olaied persons of 5kEBnE55 dnd Lhe nei8hbJurhood thereto &nd by associaiin8 voluntary or8ani5ations and the local statutory 3Uthorities In a cornmoD efFort or otherwlse sh311 be used ro provide facilities In the interests of social welfare or recreat and other lei5ure-time occupation with the objea of improvln8 the conditions of life for such persons to provide meals 3nd refreshments for such persons in need whetherfinancially or otherwise and for such other purposesforthe welfare of such persons as now are or hereafter may be deemed by law to be charitable" The Day Cenrre 15 constantly workin8 to introduce a ¥r2atèr number Of 50cia11y isolated PEople in rural and coastal areas to our servlces. whKh so many of our member5 alreadyenloy. The Skegness Day Centre continue5 to undertake various fundr3i5in8 activltles to raise addlllonal funds to support operarional £t5. Publlc neffi When reviewing the tharitable company's objectives and aim5, and in planning future activities, the trustee5 have considered the Charity Commi55ion's general guidance on public benefit. ACHIEVEMENT AND PERFOIIMANCE Detalb of the artlTrAtles are a5 noted above. We can provkle day care for45 clients. at presenr we providefor Z5 to 30 PEr da¥. The Day Centre has been in operationfor over35 years. The uniquenessof ourcentre is Its stn8th and is second tc* none to any Other5eceS offered in the area. Motivated hi8htytrained staff wr(h long seryte records. Improvin8 the health and well-being of client5who attend. HNAMCIAI REVIEW The net reducfion to the fund5 for the period amounted to IE38,262112024'. increase £44.3051. Of this amount £Nil12023.. ENi11 are attriburable to restricted activities and1£38,2621 are atrrlbutable to unrestricted fund$12023.' attributed frorn unrestriaed funds £44,305>. Reserves pol It is the policy of the charity ro maintsin unrestricted funds to provide sufficlent funds to cover manasement and adminlstration costs and to covtrr cÈntre-running cosis In the event of fundraising shortfalls. The Trustees estimate it is prudent to hold in reserve two years, operating Costs which equates ro approximately £300,OCQ to cover Day Centre operations. Af 31 March 2024 it held rotal of £632.770 in re5erve5. STRuRE. GOVERNANCEAND MA14AfjEMÉNT Ggvernln£ document The charitable iompany wa5 establSshed under a Memorandum of A$50ciation, whkh established the objects and po¥vers of the charitable companyand 5s8o¥erned underlts ArtiC50f As51?t10n. P4e2
5KEGNESS OAY CENTRE LIMITED REPORTOFThÉ TRiisfEES FOR THE YEAR ENDED 31 MARCH 2024 STRucfuAE. GOVERNANCE AND MANAGEME14T RecrUMent and appolntment ot new trustees The members of the board of direttors are the trustees for the purpose of charfty law and are collectlvely referred to as the trusi£es. The trustees. who are director5 furthe purpDse of company law and trustees forthe purpose of charity law. who Seed durin8 the period and up to the date of thi5 report are Set out on pa8e l. Prospectwetrustees are invited by the Board of Trustee5tu apply for a posItn on the Board. I tru5tee$ give their tlme freely and no trustee MUneratIon %Y35 paid in theyear. Members of the charitable company iuarantee to contribute an amount not exceeding £1 to the assets cf the charitable company in the event of winding up. The total nuTnberof Such ¥uarantee5at 31 March 2024 was 7512023.. 751. Or1•nItIOnal Mryrture A D3y Centre Manager runs the centre on a day-to-day b3515 and the board of directors meets on o re6ular basi5 to reW operation5 and deVeP furufe strate. COMMENCEMENT OF ACTIVmf5 The or8ani5ation is a charitable company limited by guarantee. incorpDrated on 25 February 2003 and reÉi#ered as a charity on 30 May 2003. Prior ro thi5 the Skegne55 Day Centre Icharity nurnber 5179611 operated as an unincorporated Iharlty until 31 October 2003. From l November 2003 the charity operated as a company limited by guarantee when the funds of the unincvrporated charity were transferred to the company. This repDrt has been prepared in accordance wf(h the special provisSons of Part 15 of the Companies Act 20C6 relatilla to small comp3nie5. Approved by r*rder of the baard of trustees on Zb f40mtr 2024 ènd signed its behalf by: M Allen- Trustee Pa8e 3
INDEPENDEpn EXAMINER'S REPORTTOTHETRU5fEESOF SKEGNESS DAY CENTRE LIMrrED Independetht examlner'5 reporrto theiru5tees01 Ske8ness Daycentre Llmited Ilhe Company'l I report to the charity tru5tee5 on my examination Df the accounts of the Company for the year ended 31 March 2024. Respon5ibilhle5 and ba$ls of report A5 the Charity's trustees of the Company land also rts direriors for the purpose5 of company lawl you are responsible for the preparation of the accounts In accordance with the requirements of the CompaniesAct 2W61'the 2ry)6 Art'l. Having sat15fied myself that the ac¢ount5 of rhe Cofflpany are not required to be audited under Part 16 of the 2(M)6 Att and are eligible for independent examination. I report in respect of my examination of your charlty's aciounts a5 carried out under Seciion 145 of the Charitie5 Act 20111'rhe 2011 Act'i. In caryin¥ out my examlnation I have followed the Directions 8iven by rhe Charity CoThmission undersection 145151 Ibl of the 2011 Act. Ihd*pendtnt examlner's siatement I have iompleted my exarvination. I confirrn that no matter5 have Come to my attention in connection with the exarnination 8iving me cause to believe.. accountlng records were nor kept in respect of the Company as requlred bysection 386 of the 2(K)6 Art.. or the accounts do not accord wlth tFK)5e records,. ur the accounts do not comply with the 3ccounrin8 reouirement5 of Section 396 of the 26 Act othEr than any requirement that the accounts give a true and fair vlew which Is not a matter ransidered as part of an independent examination.. or the accounts have not been prepared in accordance with the methods and principle5 of the Statement of Recommended Practice for accounting and reportin8 by charitie5 lapplicablE to charitSes preparln8 their a¢count5 In accordance with the Financial Reportln8 Stathdard applicable in the UK and Republic of Ireland IFRS 10211. I hwe no con¢em5 and have come acr055 no other matter5 in connection with the examination to whl¢h attentlr>n should be drawn in this report in ordertD enable a proper understanding of the accounts to be reached. Kelth May ACMA CGMA Keith May Accountin8 Servlces Aura Business Centre Heath Road 5kegness PE25 3SJ 26 November 2024 Page 4
5KEGNESS DAY CENTrE UMITED STATEMEHf OF FINANCIALACTivfTIES FOR THE YEAR ENOED 31 MARCH 1024 31.3.24 Total funds 31.3.23 Total fund5 Unrestricted funds Re5trfrted funds Notes INCOME AND ENDOWME14TS FROM Donations and leÉaciE5 3.264 3,264 63.130 Chaihable acthrleS GoverrFance costs 52.487 52.487 41.È7É Othertradin8 attlieS InvestmEnt income Other income 4.261 17,251 3,176 4.261 17,251 3,176 1329 13,652 89.443 Tot41 80,439 80,439 210,430 EXPENorruRE ON Charkable activities Governance costs Charitable attivkie5 Costs of 8ener3tin8 funds 15,571 IZ6,367 1,061 15,571 IZ6,367 I,U61 Z4.989 118,382 1.081 Total 142.999 142.999 144,452 NET IMCOMEIIEXPENDITUREI Other re¢oKni5ed $alns/lloss•sl Gain5111055e51 on revaluatlon of fixed a55ets 162,5601 162.5601 65,978 24,298 24.298 121.6731 Not mo¥vment Inlund5 138.2621 138,2621 44,305 RECOP4CILIATION OF FUNDS Total funds broughtfonvard 671,032 671,032 626,727 TOTAL FUNDSC4RRIED FORWARD 632,770 632,770 671,032 The notes form part of these financial statements Pa8e 5
SKEfjNESS DAY CENTRE ME0 IREGISTERED NUMBER.. 04677597) STATEMENT OF FINANCIAL posmoF• 31 MARCH 2014 31.3.Z4 Total funds 31.3.23 Tutal funds Unrestricted funds Re5trided funds Notes FIXEDASSETS Tan8ible assets Investments 44.9ZI 539.416 44,921 539.416 51.316 504.475 io 584,337 $84,337 555,791 CURRENT ASSETS Debtors Cash at bank and In hand li 4.224 49,117 4,224 49,117 3,581 120,914 53,341 53,341 124,4g5 CREDIYORS ounts falling due withln oneyear 12 14.9081 14,9081 19.2541 NET CURRENT ASSETS 48,433 48.443 115,241 TOTAL ASSETS LESS CVRRENTUABILITlf5 632,770 632,770 671,032 NET A55ET5 632.770 632,770 671,032 FUWDS Unrestricted funds 13 632.770 671.032 TOTAL FUNDS 632,770 671,032 The charltable company is entItd to exemption from audit under Sectlon 477 cf the Companies Act 2006 for the year ended 31 March 2024. The members have not requlied the company to obtain an audit of its financlal st*Ements for the year ended 31 March 2024 In accordance wf(h 5ectlon 476 of the Companies Act 2(h]%. The trustees acknowledge their responsibilities for ensuring that the charitable company keeps accountiTr8 records that tomply with Serti0fi5 386 and 387 of the Companies Act 2006 and preparin¥ fin3ncial statements which give a true and fair View of the state of affair5 of the charitable company as at the end of each financial year and of its surplus Dr delicit for each financial year In 3tcordance with the requirements of SectiOllS 394 and 395 and whlch otherwise cotnply with the requlrements of the Companies Act 2Cb)6 relating to financial statement5, $0 far as applicable tothe charit3ble Companv. These financlal statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small £ompanie5 regime. The financial statement5 were approved and authorised for Issue by the 8oard of Tnjstees and authori5ed for issue on 26 No¥e ber 2Q24 and were signed on Its behaK by.. M Allen- Trustee The notes form partof these fSnancial Statements Paye 6
5KEGNE5S DAY CENTrE LIMITED NOYESTOTHE FINANCIAL STATEMEI4TS FOR THE YEAR ENDED 31 MARCH 20Z4 AtCOVNnNG POUCIES Basls of pr¢parlni the finahtlal siatem¢nt5 The finantial statements of the charitable company, which is a public benefit entity under FR5 102. have been prepared In actordance ¥vith the Charitles SORP IFRS 1021'Ac¢ountln8 and Reporting by Charitle5-. Statement of Recommended Practice applicable to charities preparing their a¢count5 In accordance with the Financia5 Reportlng Standard applitable In the UK and Republit of Ireland (FR5 1021 (effective I january 20191,, Finèncial Reportin8 Standard 102 'The Financial Reporting Stand3rd applicèble In the UK alld Republic of Ireland, and the Companie5 Aa 2006. The financial statements have been prepared under the historiial cost convention, with the exception of investments which are included at market value. a5 modified by the revaluation of certain assets. Income I Income 15 feiognised in the Statement of Financlal Activitie5 once the charKy has entitlement tothe funds. it is prObae that the income will be received and the amount can be measured relièbly. Expendlture Llabilities are recugnised as expenditure a5 SDon as there Is a legal or constructive obli8ation cornmitting the Lharity to that expenditure. It Is probable that a transfer of economic benefits will be required in settlement and thE amount of the obltioN can be measured reliabty. Expenditure is accounted for on an accrua15 basis and has been cla55rfied under heading5 that aggregate all cost related to the taiegDry. Where costs Cannor be directly attributed 10 P3rticular headlngs they have been Jllocated to attivltles on a ba515 con515tent Wirh the use of resour$. Tan8lble flxed a55ets Depreciation Is prowded at the followlng annual rates in order ro wrlte off each a55et over Its estimated useful lffe. Improvements ta propertv FIre5 and fittin85 Kitehen and office equipment Straight line over 25 yea 25% on reducin8 balance 25% on reducSn8 ba13nce Thtr Charity is exernpt from ccrpufttlon rax on its charitable activiries. Fund acc{rtinz Funds held by the charity are elther.. Unrestricted funds- these are funds which can be used in accordance wh the Charitable objertlves at the discretion of the tru#ees. Oesignated funds- these are fund5 Set aslde by the trustees out of unresthcted 8en?ral funds for Splf1t fvture purposes or projects. Restricted funds- theses can only be used for parricular restrirted purposes within the objects of the charity. Restrirtions arkse when specified bythe donoror when funds are ralsed for particular restrfcied purpose5. Further explanatlon of the nature and purpose of each fund 15 Included In the notes to the firtanclal statements. Hire putthase and leasln8 mmmltments Rentals paid undtr operarin8 lease5 are char8ed to the Staternent of Financial Activities on a srraight line basis over the perlod of the lease. Pension cortsand Oiher post.retirement beneftts The charitable company operares 3 defined CDntrlbuiion pension scheme. Contributions payable to the charitae company's penslon scheme are charged rothe Statementof Financial ActNitie5 in the period to which they relate. IrNertments Investments are stated at market v3lue a5 at the statement of fillancial position date. The statement of financial •rtwitles includes the net 8ain5 and Iu5ses arisin8on revaluation and disposals throuÉhout the year. Galns and105ses All gain5 and10sses are taken to the Statement of flnancial activftie5 as they arise. Realised gains and losse5 on iTwestment are calculated as the difference between sale proceeds and open market value at prior year end lor purchase date if later). Unrealised galns and losses are calculated as the differente between the market value at the year end and openin8 market Pa8e 7 continued...
SKEGNESS DAY CENTrE LIMITEO 140TES TOThE FINANCIAL STATEMENTS. contlnued FOR THE YEAR ENDED 31 MARCH 1024 DONATIONS AND IEGACIES 31.3.24 31.3.23 Donalfi5 Legacies 3,264 4.035 59.095 3,264 63,130 OThER TRAD114G *cfiviTIES Jl.3.24 31.3.23 FundraSsln8 events 4,261 2,329 INVESTMENTINCOME 31.3.24 31.3.23 Income from Investments Deposit account interest 17,077 174 13,618 34 17.251 13.652 INCOME FROM CHABITABLE ACnVITIES 31.3.24 Charitable activities 31.3.23 Total actmties 51,994 260 233 41,061 261 155 399 Shop Income Kitchen sales and staff dinner Grants 5Z,487 41.876 NET INCOMEIIEXPENDITUREI Net incomellexpenditurel is stated after charginpjlcreditingl.. 31.3.24 31.3.23 DepreciètiGn- owned a55ets Other operating leases Surplu5 on dlsposal of filed a55et5 6,395 ,770 4,067 6,185 186.8091 TRUSIEES, REMUNEKATION AND BENEFITS There were no trustees. remuneration or orher benefft5 fDr Ili¥ yeaf ended 31 Mllrch 2024 nor for the yoar ond•d 31 March 2023. The trustees 8avefreely of theirtlme and empertlse. Tru5ttes' expenses There were ntr trusree5' expeDse5 paid fortheyearended 31 March 2024 norfDrthe ye3r ended 31 March 2023. Page8 continued...
SKEGNESS DAYCENTRE LIMITED 140TES TO 7FIE FINANCIAL STATEMEpifs- contlnued FOR THÉ YEAR ENDED 31 MARCH 2024 STAFF COSTS The averagè monthly numberof employees durin8 the year was as follows.. Centre runnin8 31.3 24 31.3.23 No employee5 received pmoluments in excess of £60.000. TA14GI8LE FIXEDAS5ETS KStchen and office equlptnent Improvements to Fixrures and rrttin85 property TDta15 COST At l Aprfl 2023 and 31 March 2024 138.944 3.798 25.455 168,197 DEPRECIATION At l April Z023 Charge for year 97.270 3,810 152 912 19,459 1,673 116,881 6,395 At 31 March 2024 101.080 1,064 21.132 123,276 Nrf BOOK VAIUE At 31 March 2024 37,864 2,734 4,323 44,921 At 31 March 2023 41,674 3,646 5,996 51.316 io. FIXEDASSET INVEsfMENT5 sted investments MARKETVALUE At l Apnl 2023 Incoffle 504,47S 17,076 16.4341 24,299 Revaluations At 31 March 2024 539.416 NETBOOK VALUE At 31 March 2024 539,416 At 31 March 2023 504,475 The investment portfolio includes&lobal securities. Pale 9 cortinued..
SKEGtIE55 DAY CENTrE LIMITED NOTES TO THE FIPIANCIALSTATEMENTS- cuntlnued FOR THE YEAR ENDED 31 MARCH 2024 ii. OEBTORS.. APrtOU14TS FALLII4G DUE wrrHIN OIIE YEAR 31.3.24 31.3.23 Other debtors Prepayments 931 3,293 47 3.534 4,224 3,581 CREDifoRS.. AMOUNT5 FALUNG DUE wfTHIN ONE YEAR 31.3.24 31.3.23 Other creditois Accrued expenses 3.252 1,656 4,092 5,162 4,gJ8 9.254 ia. MOVEMEPIT IN FUNDS Net movement in funds Transfers between filnds At 31.3.24 At 1.4.23 Unre$trlrted funds General fund De5pgn?ted 98.031 s73.1 173.2021 34,940 68,525 168,5251 93.354 539,416 671,032 138,2621 632,770 TOTAL FUND5 671,032 138,2621 632.770 Net movemenr In funds, included In the above are 35 follows.. Incoming resources Resources expended Galns and losses Movement In fund5 Unresrrfrtedfvnds General fund Oe5i8nated 63,363 17,076 1136,5651 16,4341 173.2021 34.940 24.298 80,439 1142,9991 24,298 138.2621 TOTALFUNDS 80.439 1142,9991 24,298 138,2621 Comwratives lor movement in lunds Net movement in fund5 At 31.3.23 At 1.4.ZZ Vnre5trlctedfvnds General fund Oeswnated 78,721 S48,006 19,310 24,995 98,031 573,001 626.727 44,305 671.032 TQT4I FUNDS 626,727 44,305 671,032 Pa8e 10 continued.
SKEGNESS DAY CENniE LIMrrED NOTES TO THE FINANCIAL STATEMENT5- tortinued FOR THE YEAR ENDED JI MARCH Zo24 IJ. MOVEMENT IN FUNDS-contlthu Comparatlve net movement in funds, included Sn the above are a5 follows.. Incomlng resource5 Aesource5 expended Gains and Posses Mo¥emEnt In fund5 UDres¢r*rted fijnds General fund Designated 196.812 13.61k 1133,9761 110,JJ761 143,5261 21.853 19.310 24.995 210,430 1144,4521 121,6731 44,305 TOTAL FUNDS 21D,430 1144,4521 121,6731 44,305 A current year 12 Months and prior year 12 months Combined position 15 as follows.. Net rnovement funds Transfers between funds At 31.3.24 At 1.4.22 Unre$trirtedfvftd5 General fund Designated 78.721 548,(K)6 153,8921 59.935 68.525 168,52SI 93,354 539,416 626,727 6,043 632.770 TOTAL FLINOS 626,727 6.043 632.770 A tunt¥ear 12 rnonths and prloryear 12 months comblned net movement in funds, Included in the above are a5follows'. IOmINg resources Resources expended Gains and losses Movement in funds Vnrestrictedfvnd5 General fund De5i8nated 260,175 30,694 1270,5411 116,9101 141.5261 46.151 153,8921 59,935 29),869 1287,4511 2,625 6,043 TOTAL FUNDS 290,869 1287.4511 2,625 6.043 The unrestrirted lunds are available for theTrustees to Use in accordance wlth the Charitable objects. The designated fund (the le8acyl 15 invested to provide a permanenr source of income for the charity. InvÈsting the le8acy provide5 3 growing income. Althou8h this would not dramatically ¢han8e the present total income of the charity, It would make a big dlfference to theamountof investment income of thecharity. P4e 11 continued...
SKEGNESS OAYCENTRE LIMITED NOTESTOTHE FINANCIALSTAfEMEKfs- continued FOR THE YEAR ENDED JI MARCH 2024 14. REiATED PARTY DISCLOSLIRES Mr P Mccooey who is a trustee of the tharity is also a direttor in Duncan and TO15 who provide accountincy service5 to the charity. Transactions forthe yèartotalled £6,781 12023 £6,330) ULTIMATE COP4Tr0LLING PARTY The charitable company Is controlled by the trustee5. Pa8e 12