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2025-03-31-accounts

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 2025

FOR

SKEGNESS DAY CENTRE LIMITED

SKEGNESS DAY CENTRE LIMITED

CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

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 2025

TRUSTEES M Allen Chairman P N McCooey Chartered Accountant Mrs T Hill Wills And Probate Specialist P Hayes Civil Servant S Perera Chartered Physiotherapist REGISTERED OFFICE 27-29 Lumley Avenue Skegness Lincolnshire PE25 2AT REGISTERED COMPANY NUMBER 04677597 (England and Wales) REGISTERED CHARITY NUMBER 1097757 INDEPENDENT EXAMINER Keith 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 2025

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2023. The financial statements have been prepared in accordance with the Accounting and Reporting by Charities statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard 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: -

"a multi-purpose day centre …for the relief of socially isolated persons of Skegness and the neighbourhood thereto and by associating voluntary organisations and the local statutory authorities in a common effort or otherwise shall be used to provide facilities in the interests of social welfare or recreation and other leisure-time occupation with the object of improving the conditions of life for such persons to provide meals and refreshments for such persons in need whether financially or 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".

The Day Centre is constantly working to introduce a greater number of socially isolated people in rural and coastal areas to our services, which so many of our members already enjoy.

The Skegness Day Centre continues to undertake various fundraising activities to raise additional funds to support operational costs.

Public benefit

When reviewing the charitable company's objectives and aims, and in planning future activities, the trustees have considered the Charity Commission's general guidance on public benefit.

ACHIEVEMENTS 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 35 per day.

For more than 40 years, the Skegness Day Centre has played a unique and vital role in our community, offering far more than a traditional support service. What sets our Centre apart is the atmosphere of fun, friendship, and genuine human connection that is woven into everyday life here. Our highly trained and compassionate staff create a safe, welcoming space where clients can relax, laugh, and enjoy meaningful activities that stimulate both body and mind. For many who attend, the Day Centre is a lifeline-somewhere they can build friendships, feel valued, and experience a sense of belonging that significantly reduces loneliness and isolation. By promoting social interaction, improving wellbeing, and fostering a supportive community, the Skegness Day Centre continues to deliver a service that is truly second to none in the area.

FINANCIAL REVIEW

The net reduction to the funds for the period amounted to (£49,940) (2024: decrease £38,262). Of this amount £Nil (2024: £Nil) are attributable to restricted activities and (£49,940) are attributable to unrestricted funds (2024: attributed from unrestricted funds (£38,262).

Reserves policy

The charity maintains a reserves policy designed to ensure long-term financial resilience and the continuity of essential services. Unrestricted reserves are held to mitigate key operational and financial risks, including fluctuations in income, unforeseen expenditure, and any shortfall in fundraising activities. The Trustees have determined that a prudent level of reserves is equivalent to approximately two years of operating costs-estimated at £300,000-to safeguard the ongoing operation of the Day Centre in the event of significant financial disruption. As at 31 March 2025, the charity held total reserves of £582,830, which the Trustees consider appropriate in maintaining organisational stability and meeting the requirements of its reserves policy.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charitable company was established under a Memorandum of Association, which established the objects and powers of 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 2025

STRUCTURE, GOVERNANCE AND MANAGEMENT

Recruitment and appointment of new trustees

The members of the board of directors are the trustees for the purpose of charity law and are collectively referred to as the trustees.

The trustees, who are directors for the purpose of company law and trustees for the purpose of charity law, who served during the period and up to the date of this report are set out on page 1.

Prospective trustees are invited by the Board of Trustees to apply for a position on the Board.

All trustees give their time freely and no trustee remuneration was paid in the year.

Members of the charitable company guarantee to contribute an amount not exceeding £1 to the assets of the charitable company in the event of winding up. The total number of such guarantees at 31 March 2025 was 6 (2024: 75).

Organisational structure

A Day Centre Manager runs the centre on a day-to-day basis and the board of directors meets on a regular basis to review operations and develop future strategy.

COMMENCEMENT OF ACTIVITIES

The organisation is a charitable company limited by guarantee, incorporated on 25 February 2003 and registered as a charity on 30 May 2003. Prior to this the Skegness Day Centre (charity number 517961) operated as an unincorporated charity until 31 October 2003. From 1 November 2003 the charity operated as a company limited by guarantee when the funds of the unincorporated charity were transferred to the company.

This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

Approved by order of the board of trustees on 12 December 2025 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 2025.

Responsibilities and basis of report

As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.

Independent examiner's statement

I have completed my examination. I confirm that no matters have come to my attention in connection with 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 concerns and have come across no other matters in connection with the examination to which attention should 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

12 December 2025

Page 4

SKEGNESS DAY CENTRE LIMITED

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025

Unrestricted
funds
Notes
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
2
9,250
Charitable activities
5
Charitable activities
59,865
Other trading activities
3
9,497
Investment income
4
4,486
Other income
4,062
Total
87,160
EXPENDITURE ON
Charitable activities
Governance costs
23,683
Charitable activities
129,974
Costs of generating funds
752
Total
154,409
NET INCOME/(EXPENDITURE)
(67,249)
Other recognised gains/(losses)
Gains on revaluation of fixed assets
17,309
Net movement in funds
(49,940)
RECONCILIATION OF FUNDS
Total funds brought forward
632,770
TOTAL FUNDS CARRIED FORWARD
582,830		 Restricted
funds
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-		 2025
Total
funds
£
9,250
59,865
9,497
4,486
4,062
87,160
23,683
129,974
752
154,409
(67,249)
17,309
(49,940)
632,770
582,830		 2024
Total
funds
£
3,264
52,487
4,261
17,251
3,176
80,439
15,571
126,367
1,061
142,999
(62,560)
24,298
(38,262)
671,032
632,770

The notes form part of these financial statements

Page 5

SKEGNESS DAY CENTRE LIMITED (REGISTERED NUMBER: 04677597)

STATEMENT OF FINANCIAL POSITION 31 MARCH 2025

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
£
40,103
495,749
535,852
7,923
48,007
55,930
(8,952)
46,978
582,830
582,830		 Restricted
funds
£
-
-
-
-
-
-
-
-
-
-		 2025
Total
funds
£
40,103
495,749
535,852
7,923
48,007
55,930
(8,952)
46,978
582,830
582,830
582,830
582,830		 2024
Total
funds
£
44,921
539,416
584,337
4,224
49,117
53,341
(4,908)
48,433
632,770
632,770
632,770
632,770

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.

The financial statements were approved and authorised for issue by the Board of Trustees and authorised for issue on 12 December 2025 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 2025

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value, as modified by the revaluation of certain assets.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular 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.

Improvements to property - Straight line over 25 years
Fixtures and fittings - 25% on reducing balance
Kitchen and 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:

Unrestricted funds - these are funds which can be used in accordance with the charitable objectives at the discretion of the trustees.

Designated funds - these are funds set aside by the trustees out of unrestricted general funds for specific future purposes or projects.

Restricted funds - theses can only be used for particular restricted purposes within the objects of 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

Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

Investments

Investments are stated at market value as at the statement of financial position date. The statement of financial 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 2025

1. ACCOUNTING POLICIES - continued

Investments

All gains and losses are taken to the statement of financial activities as they arise. Realised gains and losses on investment are calculated as the difference between sale proceeds and open market value at prior year end (or purchase date if later). Unrealised gains and losses are calculated as the difference between the market value at the year end and opening market value (or purchase date if later).

2. DONATIONS AND LEGACIES

----- Start of picture text -----
|||| |---|---|---| |2025|2024| |£|£| |Donations|7,250|3,264| |Grants|2,000|-| |9,250|3,264| |Grants received, included in the above, are as follows:| |2025|2024| |£|£| |-| |Grant for renewal of equipment|2,000| |3.|OTHER TRADING ACTIVITIES| |2025|2024| |£|£| |Fundraising events|9,497|4,261| |4.|INVESTMENT INCOME| |2025|2024| |£|£| |Income from Investments|4,245|17,077| |Deposit account interest|241|174| |4,486|17,251| |5.|INCOME FROM CHARITABLE ACTIVITIES| |2025|2024| |Charitable|Total| |activities|activities| |£|£| |Client fees|59,313|51,994| |Shop income|222|260| |Kitchen sales and staff dinner|330|233| |59,865|52,487|

----- End of picture text -----

continued...

Page 8

SKEGNESS DAY CENTRE LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025

6. NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

2025 2024
£ £
Depreciation - owned assets 5,130 6,395
Other operating leases 14,971 8,770

7. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 March 2025 nor for the year ended 31 March 2024.

The trustees gave freely of their time and expertise.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 March 2025 nor for the year ended 31 March 2024.

8. STAFF COSTS

The average monthly number of employees during the year was as follows:

Centre running
No employees received emoluments in excess of £60,000.
TANGIBLE FIXED ASSETS
Improvements
to
property
£
COST
At 1 April 2024
138,944
Additions
-
At 31 March 2025
138,944
DEPRECIATION
At 1 April 2024
101,080
Charge for year
3,852
At 31 March 2025
104,932
NET BOOK VALUE
At 31 March 2025
34,012
At 31 March 2024
37,864		 2025
7
Kitchen
Fixtures
and
and
office
fittings
equipment
£
£
3,798
25,455
-
312
3,798
25,767
1,064
21,132
152
1,126
1,216
22,258
2,582
3,509
2,734
4,323		 2024
8
Totals
£
168,197
312
168,509
123,276
5,130
128,406
40,103
44,921

9. TANGIBLE FIXED ASSETS

continued...

Page 9

SKEGNESS DAY CENTRE LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025

10. FIXED ASSET INVESTMENTS

MARKET VALUE
At 1 April 2024
Income
Disposals
Revaluations
Transfers
At 31 March 2025
NET BOOK VALUE
At 31 March 2025
At 31 March 2024
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
Net
movement
At 1.4.24
in funds
£
£
Unrestricted funds
General fund
93,354
(66,273)
Designated
539,416
16,333
632,770
(49,940)
TOTAL FUNDS
632,770
(49,940)		 Listed
investments
£
539,416
4,245
(5,220)
17,308
(60,000)
495,749
495,749
539,416
2025
2024
£
£
1,591
931
6,332
3,293
7,923
4,224
2025
2024
£
£
6,469
3,252
2,483
1,656
8,952
4,908
Transfers
between
At
funds
31.3.25
£
£
60,000
87,081
(60,000)
495,749
-
582,830
-
582,830

continued...

Page 10

SKEGNESS DAY CENTRE LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025

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
£
82,916
4,244
87,160
87,160		 Resources
expended
£
(149,189)
(5,220)
(154,409)
(154,409)		 Gains and
Movement
losses
in funds
£
£
-
(66,273)
17,309
16,333
17,309
(49,940)
17,309
(49,940)

Comparatives for movement in funds

Unrestricted funds
General fund
Designated
TOTAL FUNDS		 Net
movement
At 1.4.23
in funds
£
£
98,031
(73,202)
573,001
34,940
671,032
(38,262)
671,032
(38,262)		 Transfers
between
funds
£
68,525
(68,525)
-
-		 At
31.3.24
£
93,354
539,416
632,770
632,770

Comparative net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Designated
TOTAL FUNDS		 Incoming
resources
£
63,363
17,076
80,439
80,439		 Resources
expended
£
(136,565)
(6,434)
(142,999)
(142,999)		 Gains and
Movement
losses
in funds
£
£
-
(73,202)
24,298
34,940
24,298
(38,262)
24,298
(38,262)

A current year 12 months and prior year 12 months combined position is as follows:

Unrestricted funds
General fund
Designated
TOTAL FUNDS		 Net
movement
At 1.4.23
in funds
£
£
98,031
(139,475)
573,001
51,273
671,032
(88,202)
671,032
(88,202)		 Transfers
between
funds
£
128,525
(128,525)
-
-		 At
31.3.25
£
87,081
495,749
582,830
582,830

continued...

Page 11

SKEGNESS DAY CENTRE LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025

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
£
146,279
21,320
167,599
167,599		 Resources
expended
£
(285,754)
(11,654)
(297,408)
(297,408)		 Gains and
Movement
losses
in funds
£
£
-
(139,475)
41,607
51,273
41,607
(88,202)
41,607
(88,202)

The unrestricted funds are available for the Trustees to use in accordance with the charitable objects.

The designated fund (the legacy) is invested to provide a permanent source of income for the charity. Investing the legacy provides a growing income. Although this would not dramatically change the present total income of the charity, it would make a big difference to the amount of investment income of the charity.

14. RELATED PARTY DISCLOSURES

Mr P McCooey who is a trustee of the charity is also a director in Duncan and Toplis who provide accountancy services to the charity. Transactions for the year totalled £8,135 (2024 £6,781)

15. ULTIMATE CONTROLLING PARTY

The charitable company is controlled by the trustees.

Page 12