**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
- (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 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